News
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Brazil prosecutors try to block $180 million carbon credit deal
By Manuela Andreoni and Ricardo Brito SAO PAULO, June 3 - Brazilian prosecutors are seeking to annul a $180 million carbon offset scheme supporting conservation of the Amazon rainforest, which the state of Para signed last year with a coalition of major corporations and foreign governments, accor...Reuters
Wed, Jun 4
CORRECTED-WRAPUP 10-EU says US trade talks move in right direction, but metals tariffs not helping
Doubled steel tariffs kick inTrading partners urged to submit proposals to avoid 'Liberation Day' tariffsEU trade negotiator says he had 'constructive' talk with US representativeTrump says Xi 'extremely hard to By Julia Payne and Doina Chiacu PARIS, June 4 (Reuters) - Trade t...Reuters
Wed, Jun 4
Saudi Arabia lowers Arab Light July OSP for Asia
June 4 (Reuters) - Saudi Arabia has lowered the official selling price (OSP) for its flagship Arab light crude it sells to Asia in July to $1.20 a barrel above the Oman/Dubai average, according to a pricing document seen by Reuters on Wednesday.The OSP premium for June was $1.40 a barrel.Reuters
Wed, Jun 4
Autoliv CFO: I Expect Inflationary Pressures To Come Down
June 4 (Reuters) - Autoliv Inc ALV.N in a presentation to analysts and media:AUTOLIV: WE ESTIMATE THAT ADDITIONAL TARIFFS ON STEEL, ALUMINUM AND NON-USMCA COMPLIANT PARTS COULD AMOUNT TO AROUND $100 MILLION ANNUALLYAUTOLIV CFO: I EXPECT INFLATIONARY PRESSURES TO COME DOWNReuters
Wed, Jun 4
Canada labour union Unifor calls for retaliatory tariffs on us steel and aluminium
By Divya RajagopalTORONTO, June 4 (Reuters) - Canada's labour union Unifor, in a statement on Wednesday called for retaliatory tariffs on US steel and aluminium to match the 50% tariff imposed by the U.S. government."Unifor is urging the federal government to act without delay to defend Cana...Reuters
Wed, Jun 4
Mexico will respond if there is no agreement with U.S. on metals tariffs
June 4 (Reuters) - Mexico will announce measures next week if there is no agreement reached with the United States on the steel and aluminum tariffs announced, president Claudia Sheinbaum said Wednesday.She also called the U.S. announcement to raise the metals' tariffs an "unfair measure"...Reuters
Wed, Jun 4
US natural gas prices hold near 3-week high as lower output offsets weaker demand
Canada AECO gas prices drop as wildfires rageUS daily gas output falls to 3-month lowCheniere LNG export plants reduced for maintenanceBy Scott DiSavinoJune 4 (Reuters) - U.S. natural gas futures held near a three-week high on Wednesday as lower output offset forecasts for weaker demand over the nex...Reuters
Wed, Jun 4
Vedanta Spokesperson Says Trump's Aluminium Tariff Damaging To Indian Industry
June 4 (Reuters) - Vedanta Ltd VDAN.NS:TRUMP'S ALUMINIUM TARIFF DAMAGING TO INDIAN INDUSTRY THAT IS ALREADY UNDER PRESSURE FROM SURGING IMPORTSVEDANTA SEEKS DUTY "GUARDRAILS" FOR THE ALUMINIUM INDUSTRY SIMILAR TO STEEL SECTOR - CO SPOKESPERSONReuters
Wed, Jun 4
REFILE-UAE seeks U.S. trade deal to roll back Trump's steel and aluminium tariffs
By Alexander Cornwell June 4 (Reuters) - The United States and the United Arab Emirates have agreed to start negotiations for a potential bilateral trade agreement that could ease tariffs on the Gulf state's steel and aluminium industry, according to four people familiar with the matter. Emir...Reuters
Wed, Jun 4
Russia should not fall for Ukraine's criminal provocations, Lavrov says
MOSCOW, June 4 (Reuters) - Russia should not fall for Ukraine's criminal provocations, and should use negotiations and all means to achieve the goals of the military operation in Ukraine, Russian Foreign Minister Sergei Lavrov said on Wednesday.After Lavrov's remarks, President Vladimir Puti...Reuters
Wed, Jun 4
Brazil aims to ease chicken trade bans in coming weeks, minister says
BRASILIA, June 4 (Reuters) - Brazil hopes to significantly ease trade restrictions on its chicken exports later this month, after a four-week observation period following a bird flu outbreak on a commercial farm in mid-May, Agriculture Minister Carlos Favaro said Wednesday. Some 21 countries have im...Reuters
Wed, Jun 4
Australia and EU determined to seal trade deal, Australian minister says as talks revive
By Kirsty Needham SYDNEY, June 4 (Reuters) - Australia and the European Union have revived talks for a sweeping free trade agreement, after Australia's trade minister Don Farrell met with the European Commissioner for Trade Maroš Šefčovič in Paris on Wednesday.The meeting on the sidelines of ...Reuters
Wed, Jun 4
China increases scrutiny over rare earth magnets with new tracking system
BEIJING, June 4 (Reuters) - China has introduced a tracking system for its rare earth magnet sector, three sources said, as its export restrictions on them begin to cut off customers around the world.The national tracking system, which went into effect last week, requires producers to submit extra i...Reuters
Wed, Jun 4
US sees no viable path for California High-Speed Rail project, may rescind $4 billion
June 4 (Reuters) - The Trump administration said Wednesday there is no viable path forward for California's High-Speed Rail project and warned it may rescind $4 billion in government funding in the coming weeks.The U.S. Transportation Department released a 315-page report from the Federal Railro...Reuters
Wed, Jun 4
FACTBOX-Trump's tariffs and threatened trade actions
June 4 (Reuters) - The United States doubled tariffs on steel and aluminium imports on Wednesday, activating a hike in the duties on the imported metals to 50% from the 25% rate introduced in March. The day also marks the Trump administration’s deadline for trading partners to submit the...Reuters
Wed, Jun 4
CBOT Trends-Wheat up 3-4 cents, corn up 4-5, soy up 5-6
CHICAGO, June 4 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Up 3 to 4 cents per bushelCBOT wheat Wv1 rose on Wednesday, underpinned by signs of a hardening conf...Reuters
Wed, Jun 4
EU picks 13 new critical material projects, including in Greenland
EU seeks to cut reliance on China for critical materialsProjects to receive financial support from EU, member statesProjects come on top of 47 announced within the EUBy Julia Payne PARIS, June 4 (Reuters) - The European Union on Wednesday announced 13 new raw material projects outside the bloc to...Reuters
Wed, Jun 4
Burning cargo ship carrying 3,000 vehicles abandoned off Alaska
By Jonathan SaulJune 4 (Reuters) - The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday.The 22 crew members were safely evacuated from the ship aft...Reuters
Wed, Jun 4
