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EU to impose counter tariffs on $28 billion of US goods
By Philip Blenkinsop and Bart H. Meijer BRUSSELS, March 12 (Reuters) - The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tar...Reuters
Wed, Mar 12
French minister says EU can go further in response to US tariffs
PARIS, March 12 (Reuters) - France's European Affairs Minister, Benjamin Haddad, said on Wednesday the European Union could go further in its response to U.S. tariffs, though a trade war was in no-one's interest. President Donald Trump's increased tariffs on all U.S. steel a...Reuters
Wed, Mar 12
TABLE-UAE's Fujairah oil inventory data for week ended March 10
March 12 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended March 10, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fr...Reuters
Wed, Mar 12
US decision to proceed with steel, aluminum tariff 'regrettable', Japan says
TOKYO, March 12 (Reuters) - Japan's Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday the United States decision to proceed with imposing tariffs on steel and aluminum was "regrettable" despite Japan's request for an exemption. "Despite the fact that Japan has explained...Reuters
Wed, Mar 12
China says it will take all steps to guard its interests after latest Trump tariffs
BEIJING, March 12 (Reuters) - China will take all necessary measures to safeguard its rights and interests, the Chinese foreign ministry said on Wednesday, after U.S. President Donald Trump increased tariffs on all U.S. steel and aluminium imports.The U.S. move has violated World Trade Organization ...Reuters
Wed, Mar 12
Drax Group Provisionally Secures Agreement To Provide 434MW Of Capacity
March 12 (Reuters) - Drax Group PLC DRX.L:DRAX GROUP PLC - CAPACITY MARKET AGREEMENTSDRAX GROUP PLC: PROVISIONALLY SECURED AGREEMENTS TO PROVIDE 434MW OF CAPACITY PRINCIPALLY FROM ITS PUMPED STORAGE AND HYDRO ASSETSDRAX GROUP PLC: AGREEMENTS ARE FOR DELIVERY PERIOD OCTOBER 2028 TO SEPTEMBER 2029, A...Reuters
Wed, Mar 12
French minister says EU can go further in its response to U.S. tariffs
PARIS, March 12 (Reuters) - France's European Affairs Minister Benjamin Haddad said on Wednesday that the European Union could go further in its response to U.S. tariffs.Haddad also told TF1 TV that a trade war was in no-one's interests.President Donald Trump's increased tariffs on all U...Reuters
Wed, Mar 12
India's steel secretary says industry does not expect major impact of US tariffs
March 12 (Reuters) - India's steel secretary said on Wednesday that the industry does not see a major impact from tariffs imposed by U.S. President Donald Trump on steel imports as they do not export much steel to the country. "To U.S. we export less than 100,000 metric tons," Sandeep Po...Reuters
Wed, Mar 12
India's steel secretary says industry does not expect major impact of US tariffs
March 12 (Reuters) - India's steel secretary said on Wednesday that the industry does not see a major impact from tariffs imposed by U.S. President Donald Trump on steel imports as they do not export much steel to the region.Reuters
Wed, Mar 12
US oil futures rise despite API inventory showing larger build in crude stocks
Investing.com -- U.S. crude oil futures move above post-settlement levels Tuesday despite the American Petroleum Institute reporting a larger-than-expected increase in weekly domestic crude stockpiles. Crude Oil WTI Futures, the U.S. benchmark, recently traded at $66.61 a barrel following the...
Investing.com
Wed, Mar 12
Greenland's independence gradualists win election amid Trump control pledge
Independence the key campaign theme after Trump interestTrump says Greenland vital to US security, wants controlNaleraq party comes second, aims for secession deal with DenmarkBy Jacob Gronholt-Pedersen and Tom Little NUUK, Greenland, March 11 (Reuters) - Greenland's pro-business oppositi...Reuters
Wed, Mar 12
PRESS DIGEST-New York Times business news - March 12
March 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump's increased tariffs on steel and aluminum imports took effect on Wednesday.- Manchester United M...Reuters
Wed, Mar 12
COLUMN-Asia's coking coal imports slide in February, but recovery looms: Russell
By Clyde Russell LAUNCESTON, Australia, March 12 (Reuters) - Asia's seaborne imports of metallurgical coal dropped to the lowest in three years in February amid a slump in demand from top buyers China and India.However, the factors behind the loss of appetite for the type of coal used mainly ...Reuters
Wed, Mar 12
US keeps Iran gas waiver but ends power exemption, says Iraqi PM adviser
CAIRO, March 12 (Reuters) - The Iraqi prime minister's foreign affairs adviser, Farhad Alaaeldin, told a local Iraqi TV channel on Wednesday that the waiver guaranteed by the United States on importing Iranian gas has not been revoked and is still in effect. The exemption on imported power, thou...Reuters
Wed, Mar 12
EU to impose counter tariffs on over $28 billion of US goods
March 12 (Reuters) - The European Union will impose counter tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods from next month in response to U.S. tariffs on steel and aluminium, the European Commission said in a statement on Wednesday.($1 = 0.9178 euros)Reuters
Wed, Mar 12
Gold price consolidates near weekly high; looks to US CPI for fresh impetus
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low. Investors remain worried about the potential economic fallout from US President Donald Trump's trade tariffs...
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Wed, Mar 12
UK's Reynolds says disappointed US imposed tariffs on steel and aluminium
March 12 (Reuters) - Britain's trade minister Jonathan Reynolds said on Wednesday he was disappointed the U.S. imposed tariffs on steel and aluminium, while adding that the UK is negotiating a wider economic agreement with the U.S.Reuters
Wed, Mar 12
INSIGHT-The fatal cost of Rio Tinto's flagship iron ore project
13 worker deaths reported at Simandou since June 2023, sources and documents saySome safety guidelines not implemented, according to sources and accident reports Project prioritizes schedule over safety, some sources sayGuinea is investigating safety issues at the mine, minister saysChinese consorti...Reuters
Wed, Mar 12
