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PRECIOUS-Gold slips as dollar, Treasury yields tick higher
Focus on U.S. PCE data on FridaySpot gold up 15% for the year so farBy Brijesh Patel March 26 (Reuters) - Gold prices eased on Wednesday as the dollar and U.S. bond yields climbed, although concerns over the Trump administration's fresh tariffs kept prices above $3,000 per ounce level. Spo...Reuters
Wed, Mar 26
EU wheat steadies as traders shrug off Black Sea shipping deal
PARIS, March 26 (Reuters) - Euronext wheat edged higher on Wednesday, recovering from a two-week low as traders played down the immediate impact of a U.S.-backed deal on Black Sea shipping.An easing in the euro EUR= also helped underpin Euronext, as traders saw improved export prospects for Western ...Reuters
Wed, Mar 26
US Plains HRW Wheat-Spot basis bids unchanged in muted trade
CHICAGO, March 26 (Reuters) - Spot basis bids for hard red winter wheat were flat in the U.S. Plains states on Wednesday as dealers monitored dry weather and waited for next week's U.S. Department of Agriculture quarterly grains stocks report.* Wheat basis bids have held mostly steady this week ...Reuters
Wed, Mar 26
White House says Signal is approved app
WASHINGTON, March 26 (Reuters) - The White House said on Wednesday the Signal messaging app, where senior Trump administration officials accidentally shared military plans in a group containing a journalist, is an approved app.White House Press Secretary Karoline Leavitt said it is loaded onto gover...Reuters
Wed, Mar 26
Europe Gasoline/Naphtha-Gasoline margins fall
LONDON, March 26 (Reuters) - Northwest European gasoline refining profit margins fell by 61 cents a barrel on Wednesday to $8.43.A total of 1,500 metric tons of E5 gasoline barges traded as Litasco sold to BMV.A further 9,000 tons of Eurobob E10 traded as Trafigura and P66 sold to Varo.U.S. gasoline...Reuters
Wed, Mar 26
Proxy advisors ISS, Glass Lewis recommend re-election of BP leadership
Climate-focused investors decry strategy revampActivist investor Elliott also dissatisfiedGlass Lewis expects BP to improve disclosureBy Shadia Nasralla LONDON, March 26 (Reuters) - Proxy advisors Institutional Shareholder Services Inc (ISS) and Glass Lewis recommend that shareholders vote in fav...Reuters
Wed, Mar 26
METALS-Comex copper hits record high as US import tariff fears mount
By Polina Devitt LONDON, March 26 (Reuters) - U.S. copper futures hit a record high on Wednesday, expanding their premium over London prices with rising bets on the level of import tariffs that U.S. President Donald Trump may impose on the metal.The most active May copper futures on the U.S. Come...Reuters
Wed, Mar 26
Tesla to launch in Saudi Arabia as Musk and the kingdom mend relations
Rift opened in 2018 during Musk bid to take Tesla privateSaudi Arabia's PIF invested in EV startup Lucid after riftKingdom is Gulf region's largest market Feud started easing after Trump elected By Pesha Magid RIYADH, March 26 (Reuters) - Tesla will start sales in Saudi Arabia next month,...Reuters
Wed, Mar 26
Black Sea deal unlikely to boost Russian food exports in short-term
U.S. pledges to restore Russia's access to world agri marketsRussia asks for sanctions to be lifted on agricultural firmsMoscow also seeking to curb exports to fight inflationBy Gleb Bryanski MOSCOW, March 26 (Reuters) - A potential deal to ease restrictions on Russia's access to internat...Reuters
Wed, Mar 26
Ukraine and Russia's truce agreements run into trouble within hours
Ukraine seeks Russia sanctions after fresh drone attackKyiv denies Russian allegations of attacking energy facilitiesAgreements announced on Tuesday cover energy, Black SeaBy Anastasiia Malenko and Tom Balmforth KYIV, March 26 (Reuters) - Ukraine and Russia accused one another on Wednesday of flo...Reuters
Wed, Mar 26
Good harvest may usher a Russian rate cut in September, VTB says
MOSCOW, March 26 (Reuters) - Russia's second-largest lender, VTB, expects the central bank to start cutting the key interest rate in September when data on this year's harvest is in, the bank's chief financial officer Dmitry Pyanov said.The central bank kept the key rate on hold at its m...Reuters
Wed, Mar 26
Biden administration wrongly nixed oil, gas leases in Alaska refuge, US judge rules
By Nate Raymond March 26 (Reuters) - A federal judge in Alaska ruled that former President Joe Biden's administration lacked the authority to cancel oil and gas leases that had been issued for development within the Arctic National Wildlife Refuge.U.S. District Court Judge Sharon Gleason in A...Reuters
Wed, Mar 26
FACTBOX-Top cases before the US Supreme Court
March 26 (Reuters) - The U.S. Supreme Court's current term includes cases involving guns, gender-affirming medical care for transgender minors, online pornography, religious rights, TikTok, preventive healthcare, Planned Parenthood funding, job discrimination, federal regulatory powers on nuclea...Reuters
Wed, Mar 26
US Cash Grains-Corn, soy bids up; processors willing to pay premiums
CHICAGO, March 26 (Reuters) - Spot basis bids for corn and soybeans ticked up at processors in the U.S. Midwest on Wednesday as farmer selling ground to a halt and buyers in need of grain were forced to pay premiums when making purchases from elevators, dealers said. * Spot corn bids rose at an Iow...Reuters
Wed, Mar 26
RPT-Italian wine exports to US 'at standstill' due to tariff fears
One company reportedly has 1 million bottles stuck in portSparkling wine exports to US soared in late 2024US restaurants running out of some stock, trade group says MILAN, March 26 (Reuters) - Italian wine and spirits exports to the United States are stalling due to the uncertainty over possible ...Reuters
Wed, Mar 26
Black Sea freedom of navigation crucial to global food security, UN says
By Michelle Nichols UNITED NATIONS, March 26 (Reuters) - An agreement on freedom of navigation in the Black Sea to ensure the protection of civilian vessels and port infrastructure "will be a crucial contribution to global food security and supply chains," U.N. spokesperson Stephane Dujar...Reuters
Wed, Mar 26
US oil, gas activity rose in first quarter, but energy execs wary of tariffs, Dallas Fed says
U.S. oil and gas activity increased slightly in first quarterTariffs drove uncertainty and pessimism in Dallas Fed surveyCompanies wary of low oil prices, rising costs to drillBy Curtis Williams and Georgina McCartney HOUSTON, March 26 (Reuters) - U.S. oil and gas activity increased slightly ...Reuters
Wed, Mar 26
Italian wine exports to US 'at standstill' due to tariff fears
One company reportedly has 1 million bottles stuck in portSparkling wine exports to US soared in late 2024US restaurants running out of some stock, trade group says MILAN, March 26 (Reuters) - Italian wine and spirits exports to the United States are stalling due to the uncertainty over possible ...Reuters
Wed, Mar 26
Crude oil exports by Mexico's Pemex rise 33% in February from January
By Ana Isabel Martinez MEXICO CITY, March 26 (Reuters) - Crude oil exports by Mexican state energy company Pemex PEMX.UL grew 33% in February compared to January, recovering from a tumble the month before but still down 25% compared to February 2024. Crude exports in February reached 709,793 barr...Reuters
Wed, Mar 26
Black Sea freedom of navigation crucial to global food security, says UN
UNITED NATIONS, March 26 (Reuters) - An agreement on freedom of navigation in the Black Sea to ensure the protection of civilian vessels and port infrastructure "will be a crucial contribution to global food security and supply chains," U.N. spokesperson Stephane Dujarric said on Wednesday.T...Reuters
Wed, Mar 26
