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WTO chief: world order has irrevocably changed
By Olivia Le PoidevinGENEVA, March 26 (Reuters) - The head of the World Trade Organization said on Thursday the multilateral system has fundamentally changed and that countries must look to the future to consider how to reform the global trade system. "The world order and multilateral system we ...
Reuters
Thu, Mar 26
RPT-ROI-Europe scales back climate goals to ease Iran war energy shock: Bousso
By Ron Bousso HOUSTON, March 26 (Reuters) - The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in i...
Reuters
Thu, Mar 26
Maersk says alternative Gulf land-bridge routes still have capacity for food, medicine deliveries
LONDON, March 26 (Reuters) - There is still capacity via alternative land-bridge routes set up to keep food and medicine flowing despite the war in the Gulf, the Middle East head of shipping giant Maersk told Reuters on Thursday.Danish container shipping group A.P. Moller-Maersk MAERSKb.CO is coordi...
Reuters
Thu, Mar 26
WTI Crude Oil holds firm as Middle East tensions, strong US Dollar shape upside limits
West Texas Intermediate (WTI) US Oil trades around $92.05 on Thursday at the time of writing, up 1.73% on the day, extending its positive bias despite a lack of strong bullish conviction.
WTI
Fxstreet
Thu, Mar 26
Ukraine sees corn area stable, fertiliser shock may hit 2027
Fertiliser prices rise sharply due to Iran warUkraine is a major corn grower and exporterFarmers may cut corn planting area in 2027By Pavel PolityukKYIV, March 26 (Reuters) - A sharp rise in fertiliser prices is unlikely to prompt big changes in Ukraine's crop-planting plans this year, but could...
Reuters
Thu, Mar 26
China's 'Davos' loses lustre as debate dims, face time with leaders fades
China's answer to Davos more scripted and insular, attendees sayExecutives say access has narrowed, debate less robustBeijing's pledges of openness contrast with fuel export bansBy Joe CashBEIJING, March 26 (Reuters) - Two high-profile Chinese global forums, including one dubbed Asia's D...
Reuters
Thu, Mar 26
WTO head: world order has irrevocably changed
GENEVA, March 26 (Reuters) - The head of the World Trade Organization said on Thursday the multilateral system has fundamentally changed and that countries must look to the future to consider how to reform the global trade system. "The world order and multilateral system we used to know has irre...
Reuters
Thu, Mar 26
Russia's envoy Dmitriev says US played role in decision not to use Russian sovereign assets for loan to Ukraine
MOSCOW, March 26 (Reuters) - The United States played a "positive and constructive" role in the EU's decision earlier this year not to seize 210 billion euros ($240 billion) worth of Russian sovereign assets for a loan to Ukraine, President Vladimir Putin's special envoy Kirill Dmitr...
Reuters
Thu, Mar 26
Somalia's tuk-tuks stall as Iran war drives fuel price spike
MOGADISHU, March 26 (Reuters) - Drivers of tuk‑tuk taxis in Somalia’s capital are abandoning their livelihoods as fuel prices surge, pushed up by disruptions to oil shipments linked to the Iran conflict. With fares rising, passengers have dropped away and many drivers in Mogadishu say they can no lo...
Reuters
Thu, Mar 26
Gold Price Forecast: XAU/USD declines sharply to near $4,400 as Middle East fears revive
Gold price (XAU/USD) is down 2% to near $4,410 during the European trading session on Thursday.
Gold
Fxstreet
Thu, Mar 26
Lumber producer GreenFirst Forest Products' Q4 net sales rise on higher shipment volumes
OverviewCanada lumber producer's Q4 net sales rose 10% from Q3, driven by higher shipmentsAdjusted EBITDA loss for Q4 narrowed compared to Q3, but remained negativeNet loss for Q4 narrowed to C$32.8 mln from C$57.4 mln in Q3OutlookCompany expects near-term lumber demand to remain below mid-cycle...
Reuters
Thu, Mar 26
Russia informed US of Ukraine’s attacks on energy facilities, envoy Dmitriev says
MOSCOW, March 26 (Reuters) - Russia has informed the United States of recent drone attacks by Ukraine on Russian energy infrastructure, President Vladimir Putin's special envoy Kirill Dmitriev said on Thursday. Dmitriev added that Ukraine is attempting to exacerbate the global energy crisis thro...
Reuters
Thu, Mar 26
SPECIAL REPORT-Welcome to 'New Russia': How the Kremlin is remaking occupied Ukraine
By Anastasiia Malenko, Filipp Lebedev, Gleb Stolyarov, Ryan McNeill and Mari SaitoMarch 26 (Reuters) - Blazing trains, burning tracks, black smoke.Footage posted online by Ukrainian fighters documents their repeated sabotage attacks on a vast railroad system being built by Russia across the occupied...
Reuters
Thu, Mar 26
South Korea says US cleared non‑dollar payments for Russian naphtha
SEOUL, March 26 (Reuters) - South Korea has confirmed with the U.S. that it can pay for Russian oil products, including naphtha, in currencies other than the dollar without facing secondary sanctions, Yang Ki-wook, director general of the Office of Industry, Trade and Resource Security at the trade ...
Reuters
Thu, Mar 26
Germany Limits Fuel Price Hikes as Iran Conflict Drives Surge
BERLIN, March 26 (Reuters) - Germany's lower house of parliament approved on Thursday initial measures to curb surging fuel prices in Europe's biggest economy after the Iran conflict has pushed prices sharply higher.
Reuters
Thu, Mar 26
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $68.17 per troy ounce, down 4.33% from the $71.25 it cost on Wednesday.
Silver
Fxstreet
Thu, Mar 26
LG Chem CEO thanks South Korean government for backing Russia naphtha deal
SEOUL, March 26 (Reuters) - LG Chem 051910.KS CEO Kim Dong-choon thanked the South Korean government for actively supporting the purchase and payment of Russian naphtha and called for a national stockpiling system to stabilise supplies in emergencies, the presidential Blue House said on Thursday.
Reuters
Thu, Mar 26
Japan Q2 aluminium premiums hit 11-year high on Mideast supply fears
New premiums up 79-81% from Q1Marks highest since Q2 2015 Middle East supply tightening boosts premiums By Yuka Obayashi TOKYO, March 26 (Reuters) - Japanese aluminium buyers agreed to pay premiums of $350 to $353 per metric ton for shipments between April and June, the highest in 11 years, a...
Reuters
Thu, Mar 26
From beer to cosmetics, Asia feels full force of war-fuelled energy crisis
Asia most vulnerable to Middle East supply disruptionsSouth Korean businessman says suppliers raising prices up to 50%Cosmetics container maker scrambling to secure plastic resinConsumers rush to stock up on rubbish bags, noodles By Hyunjoo Jin, Daewoung Kim and Sophie Yu SEOUL/BEIJING, March 26...
Reuters
Thu, Mar 26
Japan To Lift Restrictions On Coal-Fired Power Plant Operation As Emergency Step In Response To Middle East Situation For Limited Period Of 1 Year, Nikkei Reports
March 26 (Reuters) - JAPAN TO LIFT RESTRICTIONS ON COAL-FIRED POWER PLANT OPERATION AS EMERGENCY STEP IN RESPONSE TO MIDDLE EAST SITUATION FOR LIMITED PERIOD OF 1 YEAR, NIKKEI REPORTSSource text: [ID:]Further company coverage: [ ]
Reuters
Thu, Mar 26
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