News
Important Only
Mexico aims to boost compliant exports to 90% after U.S. tariff reprieve
By Kylie Madry MEXICO CITY, March 7 (Reuters) - Mexico expects to significantly boost the number of compliant companies exporting to the U.S. under a regional trade pact in coming weeks, Economy Minister Marcelo Ebrard said on Friday, after Washington paused tariffs on Mexican shipments entering ...Reuters
Fri, Mar 7
Nordics' efficient energy infrastructure ideal for Microsoft's data centre expansion
By Anne Kauranen HELSINKI, March 7 (Reuters) - Microsoft MSFT.O is shifting its data centre strategy to be driven by power availability rather than user demand or creating supply, and sees the Nordic region as a prime location for emission-free capacity to sustain artificial intelligence, its dir...Reuters
Fri, Mar 7
U.S. nuclear power plant outages
March 7 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total ...Reuters
Fri, Mar 7
Russia says OPEC+ may reverse oil output after April, Kazakhstan pledges cuts
OPEC+ has decided to hike output from AprilKazakhstan says it will cut oil production in next monthsCPC exports to be reduced as well By Olesya Astakhova, Mariya Gordeyeva and Maha El Dahan MOSCOW/ALMATY/DUBAI March 7 (Reuters) - Russia Deputy Prime Minister Alexander Novak said on Friday that th...Reuters
Fri, Mar 7
Outflow from London gold vaults to US slows down, says LBMA
LBMA says gold is moving from BoE to commercial London vaultsSupplies to the U.S. from London slow downGold holdings in London vaults at 5-year lowSilver stocks at the lowest in LBMA data going back to mid-2016 LONDON, March 7 (Reuters) - The outflow of gold stored in the London vaults to the...Reuters
Fri, Mar 7
CBOT Trends-Wheat down 6-8 cents, corn down 1-3, soy down 2-3
CHICAGO, March 7 (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. CST (1430 GMT) on Friday.WHEAT - Down 6 to 8 cents per bushel* Wheat futures Wv1 edged down, losing steam after a short-lived rally fueled by U....Reuters
Fri, Mar 7
Trump administration cuts duty rate for certain potash to 10%, notice says
WASHINGTON, March 7 (Reuters) - The Trump administration is reducing its duty rate for potash that does not comply with the USMCA trade pact to 10% from 25% as part of its tariffs on Canada and Mexico, according to a notice published in the Federal Register on Friday.Reuters
Fri, Mar 7
US natural gas prices slip on forecasts for milder weather, lower demand
US gas output on track to hit record high in March US LNG export feedgas on track to match February record highUS natural gas prices up 10% so far this weekBy Brijesh Patel March 7 (Reuters) - U.S. natural gas futures dropped more than 3% on Friday, weighed down by forecasts for warmer-than-norma...Reuters
Fri, Mar 7
US energy chief to seek $20 billion to refill oil reserve, Bloomberg News reports
March 7 (Reuters) - US Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump's goal of refilling the nation's depleted oil reserve to its maximum capacity, Bloomberg News reported on Friday.The initiative, which may take years, would restore holdi...Reuters
Fri, Mar 7
United States quits board of UN climate damage fund, letter shows
Latest US pullback from international climate effortsWithdrawal 'effective immediately' from March 4US had pledged $17.5 million to the 'loss and damage' fundBy Kate Abnett and Virginia Furness BRUSSELS, March 7 (Reuters) - The United States has withdrawn from the board of the U.N...Reuters
Fri, Mar 7
PRECIOUS-Gold heads for best week in six, US payrolls data on tap
Bullion has gained over 2% so far this weekFed's Powell due to speak later in the day Dollar heads for worst week since November 4 By Rahul Paswan and Sarah Qureshi March 7 (Reuters) - Gold prices climbed on Friday and were headed for their best week in six, buoyed by trade war concerns and a...Reuters
Fri, Mar 7
GRAINS-Corn and soybeans pause after rally on tariff relief
Soybeans, corn tick lower after two-day rebound from lowsSuspension of tariffs on Mexico, Canada support pricesMarkets still wary of trade tensions, await jobs dataBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, March 7 (Reuters) - Chicago corn and soybeans edged down on Friday, pausing after ...Reuters
Fri, Mar 7
Pakistan nearing $4.4 billion loan to ease power sector debt
Pakistan to sign term sheets for $4.5 bln loanRepayment over 5-7 years at floating rateLoan to eliminate energy sector debt, a key IMF reformBy Ariba ShahidKARACHI, March 7 (Reuters) - Pakistan's government is negotiating a 1.25 trillion Pakistani rupee ($4.47 billion) loan with commercial banks...Reuters
Fri, Mar 7
World food prices rose in February on back of sugar rush, UN's FAO says
ROME, March 7 (Reuters) - Global food commodity prices rose in February, driven by higher sugar, dairy, and vegetable oil prices, the Food and Agriculture Organization (FAO) of the United Nations said on Friday.The FAO Food Price Index, which tracks monthly changes in international prices of globall...Reuters
Fri, Mar 7
Oil group DNO to buy Sval Energi in $1.6 bln deal, boosting North Sea assets
Agrees deal top buys 100% of Sval from HitecVisionDNO to pay $450 million in cash Transaction, including debt, valued at $1.6 billionDNO shares up 7%Accelerates DNO pivot to back to North Sea OSLO, March 7 (Reuters) - Norwegian oil company DNO DNO.OL has agreed to buy rival Sval Energi from priv...Reuters
Fri, Mar 7
Russia launches major Ukraine missile attack after US cuts off military aid
Russia launches 67 missiles, almost 200 drones at UkraineAir assault comes as US cuts aid, intelligence sharingZelenskiy to visit Saudi Arabia before US-Ukraine talksBy Anastasiia Malenko, Olena Harmash and Tom Balmforth KYIV, March 7 (Reuters) - Russian forces damaged Ukrainian energy and ga...Reuters
Fri, Mar 7
