News
Important Only
Canada commits over C$6 billion to fight impact of US tariffs, find new markets
Promises C$5 billion for exporters for two yearsC$1 billion for agriculture and food industryC$500 million set aside for low-interest loansTweaked rules for job insurance to prevent layoffsBy Promit Mukherjee and Ryan Patrick Jones OTTAWA, March 7 (Reuters) - Canada on Friday unveiled billions of...Reuters
Fri, Mar 7
EXCLUSIVE-US mulls how to ease Russia energy sanctions quickly if war ends, sources say
White House asks Treasury to explore options to swiftly ease energy sanctions US to only ease sanctions if Russia, Ukraine reach peace dealTrump threatens more sanctions if Russia fails to make peace deal fastRequest comes as Trump prepares for talks with Putin to end Ukraine warBy Jarrett Renshaw a...Reuters
Fri, Mar 7
PRECIOUS-Gold heads for weekly gain on safe-haven demand, slow US job growth
Bullion gained about 1.7% so far this weekDollar heads for worst weekly performance since November 2022Nonfarm payrolls increase by 151,000 in FebruaryBy Anmol Choubey March 7 (Reuters) - Gold prices eased on Friday but were poised for a weekly gain due to safe-haven inflows and a U.S. jobs r...Reuters
Fri, Mar 7
GRAINS-Corn futures climb, soybeans mixed after rally on tariff relief
By Julie Ingwersen CHICAGO, March 7 (Reuters) - Chicago Board of Trade corn futures rose for a third straight session on Friday as news of exemptions for Mexico and Canada to most U.S. tariffs allowed grain prices to stabilize after a plunge early this week. Soybean futures were flat to ...Reuters
Fri, Mar 7
Canada suspends imports from biggest US pork processing plant
By Tom Polansek CHICAGO, March 7 (Reuters) - Canada has blocked imports from the biggest U.S. pork processing plant, a facility run by Smithfield Foods SFD.O in Tar Heel, North Carolina, the company said on Friday.The suspension comes as Washington and Ottawa have sparred in a heated dispute ...Reuters
Fri, Mar 7
US, Canadian farmers face soaring fertilizer prices amid Trump trade war
Both US and Canadian farmers rely upon fertilizer from across the borderFarmers are already grappling with high costs and low pricesPotash prices up nearly 20% this year ahead of US tariffsPhosphate prices to surge more on retaliatory Canadian leviesBy Ed White WINNIPEG, Manitoba, March 6 (Reuter...Reuters
Fri, Mar 7
CMA CGM in talks with US shipyards, CEO tells Les Echos
PARIS, March 7 (Reuters) - CMA CGM is in talks with shipyards about the possibility of having medium-sized container vessels built in the United States, the French shipping group's CEO Rodolphe Saade told Les Echos newspaper."We are in talks with several shipyards to see how long it would ta...Reuters
Fri, Mar 7
US Cash Grains-Corn, soy basis up amid slow selling
CHICAGO, March 7 (Reuters) - Spot basis bids for corn and soybeans ticked up in the U.S. Midwest on Friday as industry players evaluated changes in U.S. trade policy while farmers remained reluctant to sell at relatively low prices. * The corn basis increased at an Ohio elevator, an Illinois riv...Reuters
Fri, Mar 7
EU wheat slips again as euro strength weighs
PARIS, March 7 (Reuters) - European wheat futures fell on Friday to fresh six-month low, pressured by weakness in Chicago and further strength in the euro.May wheat BL2K5 on Euronext settled 0.5% down at 221.75 euros ($240.20) a metric ton.The contract earlier dropped to 219.25 euros, its lowest sin...Reuters
Fri, Mar 7
US drillers cut oil and gas rigs for first time in six weeks - Baker Hughes
March 7 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fell by one to 5...Reuters
Fri, Mar 7
US estimates it will take $20 billion and years to refill oil reserve
By Timothy Gardner March 7 (Reuters) - U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump's goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday.President Donald Trump...Reuters
Fri, Mar 7
METALS-Copper slumps on weak China data, risk-averse investors
By Eric Onstad LONDON, March 7 (Reuters) - Copper prices slid on Friday on weak trade data from top metals consumer China, selling by miners and as investors reduced positions amid volatile changes in U.S. tariff policy.Benchmark three-month copper on the London Metal Exchange (LME) CMCU3 dropped...Reuters
Fri, Mar 7
Navoi Mining & Metallurgical Co Eyeing Potential London Listing Valuing Miner At $5.2 Billion Or More- Bloomberg News
March 7 (Reuters) - NAVOI MINING & METALLURGICAL CO EYEING POTENTIAL LONDON LISTING VALUING MINER AT $5.2 BILLION OR MORE- BLOOMBERG NEWSSource text: https://tinyurl.com/2dlxje7zFurther company coverage: [ ]Reuters
Fri, Mar 7
Canada launches C$5 billion program to help exporters reach new markets
OTTAWA, March 7 (Reuters) - Canada is launching a C$5 billion program to help Canadian exporters reach new markets as part of a suite of measures to support businesses and workers in response to U.S. tariffs, the federal government said in a statement Friday.The government will also make C$1 billion...Reuters
Fri, Mar 7
India extends permission for duty-free imports of yellow peas until May 2025
MUMBAI, March 7 (Reuters) - India has extended permission for duty-free imports of yellow peas until May 31, according to a government order issued late on Friday.The South Asian nation is the world's biggest importer of yellow peas.Reuters
Fri, Mar 7
CMA CGM in talks with US shipyards, CEO tells Les Echos
PARIS, March 7 (Reuters) - CMA CGM is in talks with shipyards about the possibility of having medium-sized container vessels built in the United States, the French shipping group's CEO Rodolphe Saade told Les Echos newspaper."We are in talks with several shipyards to see how long it would ta...Reuters
Fri, Mar 7
Europe Gasoline/Naphtha-Gasoline margins slip to 17-month low
LONDON, March 7 (Reuters) - Northwest European gasoline refining profit margins fell by more than $2 a barrel to $2.94 on Friday, reaching the weakest point since October 2023 as a big rise in regional inventories weighed. A total of 6,000 metric tons of E5 gasoline barges traded, as Litasco sold t...Reuters
Fri, Mar 7
North Sea Crude-WTI Midland steady
LONDON, March 7 (Reuters) - U.S. WTI Midland crude differentials were stable on Friday after Phillips 66 tabled a bid in the Platts window that it later withdrew. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or del...Reuters
Fri, Mar 7
