News
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BMO changes some mortgage rules for steel, aluminum business owners due to trade war
By Nivedita BaluTORONTO, March 21 (Reuters) - Canada's Bank of Montreal BMO.TO has changed some terms of its mortgage process for steel and aluminum business owners, a memo sent to its brokers shows, as U.S. tariffs stoke uncertainties in the industry. The lender said in the memo this week that ...Reuters
Fri, Mar 21
US Plains HRW Wheat-Spot basis bids mostly flat on slow farmer sales
CHICAGO, March 21 (Reuters) - Spot basis bids for hard red winter wheat were mostly unchanged in the southern U.S. Plains on Friday in light trading as farmer sales remained muted, dealers said.* Weakening prices this week discouraged growers from booking fresh sales of what limited old-crop supply ...Reuters
Fri, Mar 21
Gallagher Re: US severe weather outbreak could cost insurers up to $3 billion
By Mia MacGregorMarch 21 - (The Insurer) – Private insurance industry losses from the March 13 to 16 severe weather outbreak in the U.S. are estimated at between $1 billion and $3 billion, according to Gallagher Re, with most wind and hail-related damage expected to be covered by carriers.The Midwes...Reuters
Fri, Mar 21
EU wheat down on Black Sea competition, weaker US markets
PARIS/HAMBURG, March 21 (Reuters) - European wheat edged lower on Friday, pressured by Black Sea competition and a fall on U.S. markets.Benchmark May milling wheat BL2K5 on Paris-based Euronext, was down 0.3% by 1500 GMT to 226.00 euros ($244.42) a metric ton. It was still set for a 1% weekly increa...Reuters
Fri, Mar 21
Heathrow disruption could cost travel insurers tens of millions of dollars
By Michael Jones March 21 - (The Insurer) - The disruption caused by Friday's closure of Heathrow Airport will cost travel insurers tens of millions of dollars in covered claims, DBRS Morningstar (DBRS) said in a commentary. Claims manageable for travel insurers if Heathrow closu...Reuters
Fri, Mar 21
United Airlines expects to fly to Heathrow for Saturday arrival
LONDON, March 21 (Reuters) - United Airlines UAL.O expects its flights to be able to leave the United States later on Friday and land at London's Heathrow Airport on Saturday morning local time, a company spokesperson said. Heathrow was shut on Friday after a fire at an electrical substation wip...Reuters
Fri, Mar 21
US Cash Grains-Corn basis bids steady to higher as futures decline, soy flat
CHICAGO, March 21 (Reuters) - Spot basis bids for corn delivered to interior elevators and processing plants around the U.S. Midwest were steady to higher on Friday as buyers tried to entice fresh sales from farmers, dealers said.* Spot soybean basis bids held mostly steady following increases earli...Reuters
Fri, Mar 21
Russia ships its Arctic oil to Syria for first time as sanctions limit buyers
MOSCOW, March 21 (Reuters) - Two tankers hit by U.S. sanctions are due to offload Russian Arctic Oil in Syria for the first time, days after Moscow made its first known delivery of diesel there in more than a decade, according to LSEG data, a government source and local TV.One of the tankers, Aquati...Reuters
Fri, Mar 21
FACTBOX-What to know about airlines due to fly into Heathrow Airport on Friday
March 21 (Reuters) - Britain's Heathrow Airport said on Friday it would remain closed through the day after a huge fire at a nearby electrical substation wiped out power, disrupting flight schedules of global airlines.According to flight tracking website FlightRadar24, at least 120 inbound fligh...Reuters
Fri, Mar 21
U.S. RESEARCH ROUNDUP-Darden Restaurants, Nike, Optinose
March 21 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Darden Restaurants, Nike and Optinose, on Friday. HIGHLIGHTS * Darden Restaurants Inc DRI.N: Stifel raises target price to $215 from $205* Elevation Oncol...Reuters
Fri, Mar 21
Russia and Ukraine accuse each other of blowing up Russian gas pumping station
Gas pumping station in Russia goes up in flames Video shows explosion before big fire erupts Russia and Ukraine accuse each other Incident a blow to proposed moratorium on energy attacks By Andrew Osborn and Dmitry AntonovMOSCOW, March 21 (Reuters) - Russia and Ukraine accused each other on Friday ...Reuters
Fri, Mar 21
US slaps Iran-related sanctions on oil tankers, China 'teapot' refinery
US says it was first designation of a China 'teapot' refinerFourth round of Trump's sanctions on Iran oil salesTreasury blocks 8 tankers for carrying Iranian oilMeasures are incremental step-up in pressure - analystBy Timothy Gardner WASHINGTON, March 21 (Reuters) - The U.S. on Thursd...Reuters
Fri, Mar 21
Iran nuclear site unaffected by quake, atomic energy body says
DUBAI, March 21 (Reuters) - A magnitude 5 earthquake on Friday struck the Natanz area in central Iran where a key nuclear site is located, but the country's nuclear energy body said the facility was not affected, state media reported."The Natanz nuclear facility is designed in such a way tha...Reuters
Fri, Mar 21
FACTBOX-What to know about airlines due to fly into Heathrow Airport on Friday
March 21 (Reuters) - Britain's Heathrow Airport said on Friday it will remain closed through the day after a huge fire at a nearby electrical substation wiped out power, disrupting flight schedules of global airlines.According to flight tracking website FlightRadar24, at least 120 inbound flight...Reuters
Fri, Mar 21
US natgas prices edge up 1% on record flows to LNG export plants
US gas output on track to hit monthly record in March US LNG export feedgas set to hit monthly record in MarchUS gas inventories on track for unusual build in MarchBy Scott DiSavinoMarch 21 (Reuters) - U.S. natural gas futures edged up about 1% on Friday on record flows to liquefied natural gas (LNG...Reuters
Fri, Mar 21
CME plans Romania/Bulgaria wheat futures in new Black Sea push, traders say
By Gus Trompiz and Sybille de La Hamaide PARIS, March 21 (Reuters) - Financial markets operator CME Group CME.O is working on plans for a Black Sea wheat futures contract tracking Romanian and Bulgarian prices, European traders said.CME, which has U.S. corn, wheat and soybean futures that act as ...Reuters
Fri, Mar 21
CBOT Trends-Wheat steady-up 2 cents, corn and soybeans steady-down 2
CHICAGO, March 21 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. WHEAT - Steady to up 2 cents a bushel* Wheat futures firm on technical buying and short covering following thr...Reuters
Fri, Mar 21
Masdar weighs buying stake in TotalEnergies' Portuguese renewables, sources say
By Andres Gonzalez and Pietro Lombardi LONDON/MADRID, March 21(Reuters) - Abu Dhabi renewable energy company Masdar is exploring the acquisition of a stake in French oil major TotalEnergies' TTEF.PA Portuguese renewables assets, three people with knowledge of the matter told Reuters. Any deal...Reuters
Fri, Mar 21
Aviation insurers look set for negligible losses from Heathrow disruption
By Michael Jones, George Abbott March 21 - (The Insurer) - Aviation insurers are likely to avoid significant insured losses from the closure of Heathrow Airport that has caused widespread disruption today, according to three senior aviation market sources. Cause of fire unknown; UK E...Reuters
Fri, Mar 21
Polish cabinet approves liberalisation of wind farm rules
WARSAW, March 21 (Reuters) - The Polish government has approved on Friday draft legislation easing rules to build onshore wind farms, a key step in delivering a 2023 election pledge to boost power production from renewable energy sources.The new rules, which need to be approved by parliament, cut th...Reuters
Fri, Mar 21
