News
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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
Brazil's JBS shares fall after Q4 results
By Ana Mano SAO PAULO, March 26 (Reuters) - Shares in the world's largest meatpacker JBS JBSS3.SA rose but pared their gains as investors digested its first-quarter results, which were broadly above most analysts' expectations in relation to U.S. beef margins and the performance of the co...Reuters
Wed, Mar 26
Russian management denies Ukrainian claims of fuel tank damage at Zaporizhzhia nuclear plant
MOSCOW, March 26 (Reuters) - The Russian-installed management of the Zaporizhzhia nuclear plant has dismissed Ukrainian reports of alleged damage to a fuel tank as "fake". Ukraine on Wednesday accused Moscow of being incapable of managing safety at the Russian-occupied Zaporizhzhia nuclear p...Reuters
Wed, Mar 26
INTERVIEW -Zaporizhzhia nuclear plant could restart months after ceasefire, IAEA chief says
Truce would enable switch to 'non-war mode', Grossi saysHe finds Russia managing plant 'professionally'A restart could see first reactor operating in monthsRestarting all reactors 'difficult but not impossible'By Francois Murphy VIENNA, March 26 (Reuters) - The Russian-hel...Reuters
Wed, Mar 26
Tesla plans more investment in Saudi Arabia "for 2025 and beyond" after launch next month
DUBAI, March 26 (Reuters) - Tesla TSLA.O plans more investments in Saudi Arabia for 2025 and beyond, it said on Wednesday, after the electric carmaker announced it would start sales in the Gulf country next month.The company will open its first official pop-up stores on April 11 in the capital city ...Reuters
Wed, Mar 26
Carney promises C$2 bln fund to boost Canadian auto industry
OTTAWA, March 26 (Reuters) - Canadian Prime Minister Mark Carney on Wednesday said if the ruling Liberals won an April 28 election, his government would create a C$2 billion ($1.40 billion) fund to boost the auto sector's competitiveness.Carney, speaking to a televised press conference in Windso...Reuters
Wed, Mar 26
