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Lactalis warns of higher prices as Iran war raises costs
High transport, energy and packaging costs to force Lactalis to raise prices, CEO saysSeveral Lactalis shipments blocked due to Strait of Hormuz disruptionsLast year's sales up nearly 3%, net profit up 47%U.S., Asia main focus after recent acquisitions from General Mills and FonterraBy Sybille d...Reuters
Thu, Apr 16
Marathon Galveston Bay Texas refinery FCCU back to normal operation after upset, sources say
HOUSTON, April 16 (Reuters) - The gasoline-producing fluid catalytic cracking unit at Marathon Petroleum's MPC.N 631,000-barrel-per-day Galveston Bay Refinery in Texas returned to normal operation on Wednesday after a Tuesday malfunction, said two people familiar with plant operations. An electr...Reuters
Thu, Apr 16
PRECIOUS-Gold holds ground with market focus on Iran peace talks
Iran says nuclear issues unresolvedTraders see 36% chance of a US rate cut this year US weekly jobless claims drop amid labor market stabilityBy Ashitha Shivaprasad April 16 (Reuters) - Gold prices held steady on Thursday, as markets monitored U.S.-Iran developments and their implications for inf...Reuters
Thu, Apr 16
First 5 or 10 new US nuclear reactors will almost certainly get US DOE loans, energy chief says
WASHINGTON, April 16 (Reuters) - The first five or 10 new planned U.S. nuclear plants will almost certainly receive loans from the U.S. Energy Department's lending office, U.S. Energy Secretary Chris Wright told lawmakers on Thursday. President Donald Trump signed an executive order last year ca...Reuters
Thu, Apr 16
Lebanon's president Aoun, Trump hold phone call for first time, Lebanese officials tell Reuters
April 16 (Reuters) - Lebanese President Joseph Aoun spoke by phone with U.S. President Donald Trump on Thursday in what appeared to be their first call since Aoun took office, two Lebanese officials told Reuters.Reuters
Thu, Apr 16
USTR's Greer to travel to Mexico on Monday amid USMCA trade talks
MEXICO CITY, April 16 (Reuters) - U.S. Trade Representative Jamieson Greer will travel to Mexico on Monday amid talks to review the U.S.-Mexico-Canada trade pact, Mexico's economy minister Marcelo Ebrard said on Thursday.This will be the second USMCA round of talks, following a first round held ...Reuters
Thu, Apr 16
Nigerian airlines threaten to halt flights over soaring jet fuel prices
Airlines threaten flight halt from April 20 without price reliefIndustry body says jet fuel prices outpacing global surgeBy Isaac Anyaogu LAGOS, April 16 (Reuters) - Nigerian airlines will suspend all flight operations from April 20, they warned, unless crippling jet fuel prices, which they accus...Reuters
Thu, Apr 16
U.S. energy regulator to act on large-load interconnection docket by June 2026
April 16 (Reuters) - The U.S. Federal Energy Regulatory Commission on Thursday said it expects to take action by June 2026 on an Advance Notice of Proposed Rulemaking (ANOPR) initiated by the U.S. Secretary of Energy.The ANOPR directs the Commission to consider potential reforms designed to ensure t...Reuters
Thu, Apr 16
IMF says Senegal loan talks positive, more deliberation on debt needed
WASHINGTON, April 16 (Reuters) - The International Monetary Fund has held positive discussions with Senegal this week on a potential new loan program, but more time and analysis are needed to come up with a plan to deal with a significant debt overhang, IMF Africa Director Abebe Selassie said on Thu...Reuters
Thu, Apr 16
US natural gas exports to rise through 2027, EIA says
April 16 (Reuters) - U.S. liquefied natural gas exports will grow through 2027 as new projects increase production, the Energy Information Administration said in its latest Short-Term Energy Outlook on Thursday.Overall, U.S. net natural gas exports are forecast to grow 18% to 18.7 billion cubic feet...Reuters
Thu, Apr 16
Merz: Germany ready to help secure Hormuz transit after end of hostilities
BERLIN, April 16 (Reuters) - Germany is in principle ready to help secure transit routes through the Strait of Hormuz after hostilities end, provided there is a mandate, preferably from the United Nations, and German parliamentary approval, Chancellor Friedrich Merz said."We are still a long way...Reuters
Thu, Apr 16
PRESS DIGEST-Canada - April 16
April 16 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILCanadian softwood lumber producers have paid more than $8 billion in U.S. duties since 2017, as British Columbia...Reuters
Thu, Apr 16
PRECIOUS-Gold gains on revived rate cut bets as Iran peace hopes calm inflation fears
Iran says nuclear issues unresolvedTraders see 36% chance of a US rate cut this year Economic growth will be slower this quarter amid war, US Treasury chief saysBy Ashitha Shivaprasad April 16 (Reuters) - Gold prices moved higher on Thursday as hopes for a peace deal between the U.S. and Iran hel...Reuters
Thu, Apr 16
Deals of the day-Mergers and acquisitions
April 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: Arthur J Gallagher has acquired UK-based Bridge Insurance Brokers Limited, the broker announced.nL6N40Z0WR Credit card giant American Express said it would buy Hy...Reuters
Thu, Apr 16
US natgas futures edge up, cash prices in Texas and California at record lows
Spot gas prices in Texas, California hit record lows amid mild weather and high renewablesU.S. gas output drops to 10-week low, but April average remains near record high, per LSEGAnalysts expect larger-than-average storage build as heating demand stays lowBy Scott DiSavino NEW YORK, April 16 (Re...Reuters
Thu, Apr 16
Merz: Germany ready to help secure Hormuz transit after end of hostilities
BERLIN, April 16 (Reuters) - Germany is in principle ready to participate in securing transit routes through the Strait of Hormuz once there is an end to hostilities and a mandate, preferably from the United Nations, and German parliamentary approval, Chancellor Friedrich Merz said."We are still...Reuters
Thu, Apr 16
Oil: Futures discount tightening physical market – ING
ING’s Warren Patterson and Ewa Manthey note that Oil prices are drifting lower as markets price in a possible extension of the US–Iran ceasefire and renewed peace talks, even as physical supply tightens due to disrupted flows through the Strait of Hormuz.Fxstreet
Thu, Apr 16
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