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ROI-Pain at the pump primed to give US EV sales a fresh lift this summer: Maguire
By Gavin Maguire LITTLETON, Colorado, April 16 (Reuters) - The highest average gasoline costs since 2022 look set to reignite demand for electric vehicles in the U.S. this year, despite the scrapping of federal subsidies for the clean car sector by President Donald Trump. U.S. gasoline prices are...Reuters
Thu, Apr 16
Middle East war hangs over Europe Inc as earnings season kicks off
European company earnings expected to be firm in first quarterBut rising energy costs, supply chain disruptions among risks for full yearEnergy companies seen performing well in quarterConsumer, luxury firms could suffer from inflation pressuresBy Javi West Larrañaga and Ozan Ergenay April 16 (Re...Reuters
Thu, Apr 16
PRECIOUS-Gold gains on softer dollar as US-Iran peace deal hopes rise
US optimistic about deal with IranDollar, US Treasury yields easeTraders see 29% chance of US rate cut in DecemberBy Noel John April 16 (Reuters) - Gold prices rose on Thursday, supported by a weaker dollar and lower U.S. Treasury yields, as investors grew optimistic about a potential end to the ...Reuters
Thu, Apr 16
EU working on jet fuel plan as Iran crisis threatens air travel
EU drafting measures to map refinery capacity, maximise output, draft showsAirlines warn of shortages, price hikes, disruptions if Middle East supply stays blockedJet fuel stocks uneven across Europe; Spain exports while UK relies on importsBy Kate Abnett and Joanna Plucinska BRUSSELS/LONDON, Apr...Reuters
Thu, Apr 16
ROI-Aluminium in crisis: war, tariffs and a market running on empty: Andy Home
By Andy Home LONDON, April 16 (Reuters) - The Iran war is triggering an unprecedented crisis in the global aluminium market with potentially devastating knock-on effects across sectors as diverse as construction, packaging, transport and green energy. Even if the war were to end tomorrow, it coul...Reuters
Thu, Apr 16
ROI-China added more crude to its massive stockpile in March, but outlook shifts: Russell
By Clyde Russell LAUNCESTON, Australia, April 16 (Reuters) - China continued to build the world's largest stockpile of crude oil in March even as the rest of the world started to draw on inventories to compensate for the loss of millions of barrels from the effective closure of the Strait of ...Reuters
Thu, Apr 16
Spirit Airlines at risk of liquidation as fuel costs bite, Bloomberg News reports
April 16 (Reuters) - Spirit Aviation Holdings FLYYQ.PK, the parent of Spirit Airlines, is at risk of liquidation as rising jet fuel prices due to the Middle East war could further strain the bankrupt carrier's finances, Bloomberg News reported on Wednesday. Any decision on a possible liquidatio...Reuters
Thu, Apr 16
PRESS DIGEST-British Business - April 16
April 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times-Britain has widened an energy support scheme offering electricity bill cuts of up to 25% to around 10,000 m...Reuters
Thu, Apr 16
Two children dead, Russia's Tuapse port area hit in Ukrainian drone attacks, governor says
MOSCOW, April 16 - Two children aged 5 and 14 have been killed and a number of enterprises in the area of Russia's Black Sea port of Tuapse were hit in Ukrainian drone attacks, local governor Veniamin Kondratiev said on Thursday.In his post on the Telegram messaging app, he also said several res...Reuters
Thu, Apr 16
PRECIOUS-Gold gains on softer dollar as US-Iran peace deal hopes rise
US optimistic about deal with IranDollar, US Treasury yields easeTraders see 29% chance of US rate cut in DecemberBy Noel John April 16 (Reuters) - Gold prices rose on Thursday, supported by a weaker dollar, while investors weighed growing optimism over a potential U.S.-Iran deal to end the war t...Reuters
Thu, Apr 16
US-sanctioned supertankers enter Gulf despite blockade
US-sanctioned VLCC RHN enters gulf on WednesdayRHN's entry comes after VLCC Alicia passed the straitUS military says it has turned around 10 vessels since MondayBy Florence Tan SINGAPORE, April 16 (Reuters) - A second U.S.-sanctioned supertanker has entered the Gulf via the Strait of Hormuz, ...Reuters
Thu, Apr 16
Iran war brings US close to net crude exporter for first time since World War Two
Net imports of US crude narrows to lowest on record last week US exports climb to seven-month high on wide Brent-WTI spreadUS exports near capacity limits, analysts and traders sayBy Arathy Somasekhar and Georgina McCartney HOUSTON, April 15 (Reuters) - The U.S. nearly turned into a net crude exp...Reuters
Thu, Apr 16
WTI bears seem hesitant near $88.00 as Hormuz risks counter Iran diplomacy hopes
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's goodish rebound from sub-$85.00 levels, or over a three-week low, and remains depressed for the third straight day on Thursday.Fxstreet
Thu, Apr 16
GRAINS-Wheat pauses its rally as ample supply offsets US drought fears
CANBERRA, April 16 (Reuters) - Chicago wheat futures dipped in early trading on Thursday as ample global supply weighed on the market, but prices remained more than 3% higher so far this week due to dry weather in U.S. growing areas that threatens to reduce production. Corn and soybean futures inche...Reuters
Thu, Apr 16
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