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China to impose duties of up to 34.9% on EU brandy, starting July 5
HONG KONG, July 4 (Reuters) - China's Commerce Ministry issued its final ruling on brandy originating in the European Union on Friday, implementing duties of up to 34.9% for a period of five years starting from July 5 2025, a ministry statement said.The ruling follows an investigation into Europ...Reuters
Fri, Jul 4
PRECIOUS-Gold heads for weekly gain as US tax-cut bill stokes fiscal worries
U.S. Congress passes massive tax-cut and spending billTraders now see just two Fed rate cuts by year-endTrump says tariff rate letters to countries will start going out FridayBy Anmol Choubey July 4 (Reuters) - Gold prices rose on Friday and were set for a weekly gain as investors sought safe-hav...Reuters
Fri, Jul 4
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $66.15 per barrel, down from Thursday’s close at $66.35.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.32 after its previous daily close at $68.59.
Fxstreet
Fri, Jul 4
South Korea trade minister may seek extension to tariff freeze in US talks
South Korea trade minister flying to Washington on Friday for talksSouth Korea trade negotiations hampered by political uncertainty and martial law crisisU.S. demands better access to agriculture, car sectors, and digital marketBy Hyunjoo Jin and Ju-min Park SEOUL, July 4 (Reuters) - South Korea&...Reuters
Fri, Jul 4
Australia's PM says he expects 10% US baseline tariff to stay
SYDNEY, July 4 (Reuters) - Australia will likely still be subjected to the 10% tariff rate on all exports to U.S. but the government will continue to try and negotiate for an exemption, Australian Prime Minister Anthony Albanese said on Friday.A 90-day pause in the U.S. "reciprocal" tariffs ...Reuters
Fri, Jul 4
Trump says 10 to 12 countries will get letters on tariff rate on Friday
WASHINGTON, July 4 (Reuters) - U.S. President Donald Trump said on Friday his administration later in the day will begin sending letters to 10 to 12 countries informing them of the tariff rate their products will face in the United States.Reuters
Fri, Jul 4
BREAKINGVIEWS-War for Chinese talent is next trade flashpoint
By Robyn Mak HONG KONG, July 4 (Reuters Breakingviews) - The United States' trade war with China has so far focused on electronics, cars and other goods. But a new front may be emerging: talent. Contract-manufacturer Foxconn 2317.TW has told hundreds of Chinese engineers and technicians in it...Reuters
Fri, Jul 4
PRESS DIGEST-British Business - July 4
July 4 (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- Specialised life insurance group Athora has agreed to buy UK insurer Pension Insurance Corporation (PIC), for abo...Reuters
Fri, Jul 4
METALS-Copper set for weekly gains; potential US tariffs on metal eyed
By Hongmei Li SINGAPORE, July 4 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange were set for a second straight weekly gain on Friday, despite minor fluctuations, while traders looked out for potential U.S. tariffs on copper imports.Three-month copper CMCU3 on ...Reuters
Fri, Jul 4
PRESS DIGEST- Financial Times - July 4
July 4 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Glovo pauses 'heat bonuses' for Italian food delivery workers after backlash- Full EU-US trade deal 'impossible' before...Reuters
Fri, Jul 4
Bolivian congress brawls over China, Russia lithium deals
LA PAZ, July 3 (Reuters) - Bolivia's energy minister was doused with water and pelted with garbage on Thursday as chaos erupted in congress during a debate on controversial lithium contracts with Chinese and Russian firms that could bring in investments worth some $2 billion. It was the latest ...Reuters
Fri, Jul 4
Marathon Galveston Bay Refinery hydrotreater to remain shut until September, sources say
By Erwin SebaHOUSTON, July 3 (Reuters) - A fire-damaged hydrotreater at Marathon Petroleum's MPC.N Galveston Bay Refinery in Texas will remain shut until September, sources familiar with plant operations said on Thursday. All other units at the 631,000-barrel-per-day (bpd) refinery in Texas City...Reuters
Fri, Jul 4
Oil prices steady on solid job market, tariff uncertainty
By Arathy Somasekhar July 4 (Reuters) - Oil prices were little changed on Friday as a solid job market bolstered the case for the U.S. Federal Reserve keeping interest rates on hold, with investors also awaiting clarity on President Donald Trump's plans for tariffs on various countries. Brent...Reuters
Fri, Jul 4
Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say
By Sheila Dang HOUSTON, July 3 (Reuters) - The arbitrators in a legal dispute between Exxon Mobil XOM.N and Hess HES.N have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter.The ruling will determine whether Chevron CVX.N can move ...Reuters
Fri, Jul 4
Clean-energy backers blast US budget bill as a setback
WASHINGTON, July 3 (Reuters) - Advocates of clean energy on Thursday decried the final passage of President Donald Trump's tax cut bill by the House of Representatives as a reversal of course on the energy transition, while fossil-fuel interests rejoiced.Reuters
Fri, Jul 4
AGL Energy buys South Australia's Virtual Power Plant from Tesla
July 4 (Reuters) - AGL Energy AGL.AX said on Friday it had acquired South Australia's Virtual Power Plant (SAVPP) from Tesla TSLA.O, as the Australian power retailer looks to ramp up its battery storage capacity to drive green energy transition.The deal comes as AGL seeks to fulfil its promise o...Reuters
Fri, Jul 4
