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Trump still intends for reciprocal tariffs to kick in on April 2, White House says
White House official says tariffs to take effect April 2Negotiations to lower tariffs needed ahead of April 2Countries to get tariff number on April 2, Bessent saysBessent sees opportunity to negotiate tariffs lowerUSTR wrestling with design of complex reciprocal tariff planBy Andrea Shalal and Davi...Reuters
Tue, Mar 18
Summit Nanotech receives $25.5 million in funding for lithium extraction tech
March 18 (Reuters) - Summit Nanotech said on Tuesday it had secured $25.5 million in funding from a consortium of investment funds, bolstering its work on direct lithium extraction (DLE) technologies.Lithium, the metal used to make electric vehicle batteries, has been produced using water-intensive ...Reuters
Tue, Mar 18
White House says reciprocal tariffs still intended to take effect from April 2
WASHINGTON, March 18 (Reuters) - The Trump administration still intends for reciprocal tariffs to take effect on April 2, a White House official said, clarifying comments from Treasury Secretary Scott Bessent which suggested countries could negotiate before the U.S. government begins collecting new ...Reuters
Tue, Mar 18
LIVESTOCK-CME feeder cattle futures rise on expectations of low supply
By Renee Hickman CHICAGO, March 18 (Reuters) - Chicago Mercantile Exchange feeder cattle futures firmed Tuesday on expectations that the U.S. Department of Agriculture's upcoming monthly cattle on feed report would show decreased placements compared to this time last year, according to analys...Reuters
Tue, Mar 18
Cargo Therapeutics provides corporate update
March 18 (Reuters) - CARGO Therapeutics Inc CRGX.O:CARGO THERAPEUTICS PROVIDES CORPORATE UPDATECARGO THERAPEUTICS INC - REDUCTION OF WORKFORCE BY APPROXIMATELY 90%CARGO THERAPEUTICS INC - ANUP RADHAKRISHNAN APPOINTED AS INTERIM CEO OF CARGOCARGO THERAPEUTICS INC - SUSPENDS DEVELOPMENT OF CRG-023 AND...Reuters
Tue, Mar 18
Gold price hits record high above $3,030 as geopolitical tensions and Fed bets fuel rally
Gold price skyrockets past the $3,000 figure and hit a record high of $3,038 on Tuesday amid uncertainty on United States (US) President Donald Trump’s reciprocal tariffs to be enacted on April 2, while traders eye Federal Reserve’s (Fed) monetary policy decision.
Fxstreet
Tue, Mar 18
CANADA-CRUDE-Discount on Western Canada Select heavy crude steady
March 18 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 was steady on Tuesday.* WCS for April delivery in Hardisty, Alberta, settled at $10.65 a barrel under WTI, according to brokerage CalRock, unchanged...Reuters
Tue, Mar 18
Head of Trump's energy loan office departs this week
By Timothy Gardner WASHINGTON, March 18 (Reuters) - The head of the U.S. government's energy loans office that has provided financing to projects from nuclear power to a sustainable aviation fuel plant supported by one of President Donald Trump's fellow Republicans will depart the agency ...Reuters
Tue, Mar 18
GRAINS-Chicago grains tick down on US-Russia call, planting intentions
Wheat draws support from severe weather in US PlainsTrump-Putin call on Ukraine watched for ceasefire prospectsCorn and soy futures fall on tariff fears, planting expectationsBy Renee Hickman CHICAGO, March 18 (Reuters) - Chicago wheat futures eased on Tuesday, underpinned by concerns over U.S. c...Reuters
Tue, Mar 18
CORRECTED-Parametric startup Mythen launches Texas MGA and Bermudian collateralized reinsurer
By David BullMarch 16 - (The Insurer) - Bermuda and Texas-based parametric startup Mythen has begun writing nat cat risks fronted by insurer Southlake Specialty, the company said in a statement on Monday.The new startup will operate through an AI-powered insurance platform that includes an MGU, clai...Reuters
Tue, Mar 18
Mexico's Pemex is in talks with Slim about Ixachi investment, president confirms
MEXICO CITY, March 18 (Reuters) - Mexican state energy company Pemex is in talks with companies owned by billionaire investor Carlos Slim about an investment in the country's most important natural gas field, Ixachi, President Claudia Sheinbaum said on Tuesday. Reuters revealed last week that of...Reuters
Tue, Mar 18
CBOT wheat ticks down on Trump-Putin call
CHICAGO, March 18 (Reuters) - Chicago Board of Trade wheat futures settled down as investors monitored the outcome of a phone call between the leaders of Russia and the U.S. about Russia's war on Ukraine. CBOT May soft red winter wheat WK25 settled down 3-1/2 cents to $5.65 a bushel.K.C. May har...Reuters
Tue, Mar 18
Goldman Sachs Says Its Base Case For Bal2025/2026 TTF Gas Remains 49/36 EUR/Mwh
March 18 (Reuters) - GOLDMAN SACHS:SAYS EUROPEAN GAS MARKETS REMAIN STUCK BETWEEN TIGHT PROMPT PHYSICAL MARKET AND POSSIBILITY OF INCREASED RUSSIAN GAS SUPPLIES FROM POTENTIAL UKRAINE PEACE DEALSAYS ITS BASE CASE FOR BAL2025/2026 TTF REMAINS 49/36 EUR/MWH ($14.90/$10.80/MMBTU)SAYS END-MAR25 GAS STOR...Reuters
Tue, Mar 18
CBOT corn falls on planting expectations, tariff retaliation concerns
CHICAGO, March 18 (Reuters) - Chicago Board of Trade corn futures finished lower on Tuesday as traders anticipated greater corn planting intentions in an upcoming U.S. Department of Agriculture report, and continued to worry about retaliation against U.S. tariff policies. CBOT May corn CK25 settled ...Reuters
Tue, Mar 18
US Plains HRW Wheat-Spot basis mostly steady-firm on slow farmer sales
CHICAGO, March 18 (Reuters) - Spot basis bids for hard red winter wheat were mostly steady to firm across the southern U.S. Plains on Tuesday on slow farmer sales, dealers said.* Hot and dry conditions as well as windy weather that raised concerns about soil erosion prompted farmers to hold back on ...Reuters
Tue, Mar 18
Med crude-Urals diffs steady, CPC pipeline maintains normal oil transit in March
MOSCOW, March 18 (Reuters) - Urals crude differentials held steady on Tuesday while oil flows via the Caspian Pipeline Consortium (CPC) pipeline continued as normal.Russian oil pipeline monopoly Transneft CEO Nikolai Tokarev said on Tuesday that there had been no drop in oil flows via the CPC pipel...Reuters
Tue, Mar 18
ICE canola futures rise on bargain buying, technicals
WINNIPEG, Manitoba - March 18 (Reuters) - ICE canola futures advanced for a second straight session on Tuesday in a continued rebound from last week's steep selloff, when heavy fund long liquidation and tariff concerns dragged actively traded contracts to lifetime lows.• May canola RSK5 settled ...Reuters
Tue, Mar 18
Oil prices ease as Ukraine peace talks offset Mideast instability worries
Russia and Ukraine agree to stop attacking energy infrastructureTrump tariff wars threaten global oil demandU.S. strikes on Houthis, Israel's in Gaza boost Mideast tensionsChina and Germany plan economic stimulusBy Scott DiSavino NEW YORK, March 18 (Reuters) - Oil prices eased about 1% on Tue...Reuters
Tue, Mar 18
