News
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China hits US agriculture, says won't be bullied by fresh Trump tariffs
China slaps 10%-15% retaliatory levies on US agriculture exportsLevies will affect approximately $21 billion in US exportsPlaces 25 US firms under export and investment controlsBeijing still hopes to negotiate truce with Trump team, analystsTensions risk worsening US inflation, China economic recove...Reuters
Tue, Mar 4
TIMELINE-How China reduced its reliance on US farm imports and sharpened its trade war toolkit
By Mei Mei Chu March 4 (Reuters) - Since the U.S. and China imposed tit-for-tat tariffs in a trade war during U.S. President Donald Trump's first term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security.That means China can wie...Reuters
Tue, Mar 4
EUROPE GAS-Prices down on milder temperatures
LONDON, March 4 (Reuters) - Dutch and British wholesale gas prices fell on Tuesday morning as warmer weather forecasts for this week decreased heating demand but concerns over the Ukraine-Russia conflict persist.The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was down 1.19 euros a...Reuters
Tue, Mar 4
South Korea and US to form working group on Alaska LNG project, tariffs
By Joyce Lee and Hyunjoo JinSEOUL, March 4 (Reuters) - South Korea and the United States have agreed to establish a working-level group to discuss a gas pipeline project in Alaska, energy, shipbuilding, tariffs and non-tariff barriers, South Korea's Industry Minister Ahn Duk-geun said on Tuesday...Reuters
Tue, Mar 4
Oil Product Deliveries To Spanish Market From Fuel Distributor Exolum Terminals Increased By 9.2% In February YoY
March 4 (Reuters) - Exolum:OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS INCREASED BY 9.2% IN FEBRUARY YEAR ON YEARSource text: https://tinyurl.com/z37zk49xReuters
Tue, Mar 4
Stellantis welcomes EU move to soften car emission targets
MILAN, March 4 (Reuters) - Automaker Stellantis STLAM.MI said on Tuesday it welcomed the European Commission's announcement that it would propose a softening of the bloc's carbon emission targets for cars.The Commission, the European Union executive body, yielded to pressure from European au...Reuters
Tue, Mar 4
Russia's Sakhalin LNG, oil and gas output down in 2024
MOSCOW, March 4 (Reuters) - Production of liquefied natural gas (LNG), as well as oil and gas, declined in 2024 in Russia's Pacific island of Sakhalin in 2024, according to local administration.Production of LNG at Sakhalin Energy project, led by Kremlin-controlled Gazprom GAZP.MM, declined last...Reuters
Tue, Mar 4
UK's Ashtead falls short of profit estimates as US construction weakness drags
US construction sector slowdown continues to weighAshtead maintains full-year outlookShares fall 3.5% to lowest since November 2023 March 4 (Reuters) - British equipment rental company Ashtead AHT.L missed third-quarter pre-tax profit and revenue expectations on Tuesday, pressured by weakness in ...Reuters
Tue, Mar 4
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $67.67 per barrel, down from Monday’s close at $68.11. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $70.82 after its previous daily close at $71.28.
Fxstreet
Tue, Mar 4
Aramco CEO says OPEC+ supply decision will positively impact company
DUBAI, March 4 (Reuters) - Saudi Arabia's state oil giant Aramco will benefit from Monday's decision by OPEC+ to proceed with a planned April oil output hike, it's chief executive said on Tuesday. The market is cyclical and the upside is with Saudi Aramco as it is sitting on 3 million ba...Reuters
Tue, Mar 4
Japan offers to buy 94,282 tons of food wheat via tender
TOKYO, March 4 (Reuters) - Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) is seeking to buy a total of 94,282 metric tons of food-quality wheat from the U.S, Canada and Australia in a regular tender that will close late on Thursday.Japan, the world's sixth-biggest wheat impor...Reuters
Tue, Mar 4
RUBBER-Japan futures ease as fresh Trump tariffs spark trade war concerns
SINGAPORE, March 4 (Reuters) - Japanese rubber futures inched lower on Tuesday as fresh U.S. tariffs on Canada, Mexico and top rubber consumer China came into effect, although a tightening supply outlook capped the losses.The Osaka Exchange (OSE) rubber contract for August delivery JRUc6, 0#2JRU: ...Reuters
Tue, Mar 4
METALS-LME copper eases as US tariffs overshadow China stimulus hopes
By Anushree Mukherjee March 4 (Reuters) - London copper prices eased on Tuesday amid fears of escalating trade tensions as U.S. President Donald Trump slapped tariffs on Canada, Mexico and China, while hopes of stimulus in China helped curb the losses.Three-month copper on the London Metal Exchan...Reuters
Tue, Mar 4
China says will play along to the end if U.S. insists on tariff war
BEIJING, March 4 (Reuters) - China will play along to the end if the United States was bent on waging a trade or tariff war, the Chinese foreign ministry said on Tuesday. China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of Ame...Reuters
Tue, Mar 4
Iron ore extends losing streak on Sino-US trade tensions
By Michele Pek SINGAPORE, March 4 (Reuters) - Dalian iron ore futures slid for a seventh consecutive session on Tuesday as fresh U.S. tariffs on top consumer China kicked in, heightening trade tensions. The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 c...Reuters
Tue, Mar 4
