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Gold finds floor as US-China trade tensions resurface
Gold trades broadly stable on Wednesday’s mid-European session, paring back some gains seen earlier in the day, driven by a weaker US Dollar (USD), as doubts over a US-China trade deal grow given recent comments from US President Donald Trump.
Fxstreet
Wed, Jun 4
WRAPUP 1-Europe's auto parts suppliers suspend output due to China's rare earth curbs
BMW says supplier network affected, but plants running normallySupplier association CLEPA warns of further production outages due to shortagesChina produces around 90% of the world's rare earthsBy Victoria Waldersee BERLIN, June 4 (Reuters) - Some European auto parts plants have suspended out...Reuters
Wed, Jun 4
Australia, EU determined to seal trade deal as talks revived, Farrell says
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
EU's Sefcovic says he and USTR Greer had agreed on how to restructure trade talks
PARIS, June 4 (Reuters) - EU trade commissioner Maros Sefcovic said on Wednesday that he and U.S. trade representative Jamieson Greer had agreed on how to restructure the focus of their trade talks, saying that they had "been approaching it from different angles."Sefcovic added that he and G...Reuters
Wed, Jun 4
EU's Sefcovic says he discussed US steel tariffs with US trade representative
PARIS, June 4 (Reuters) - European Union trade commissioner Maros Sefcovic told reporters on Wednesday that he discussed with U.S. trade representative Jamieson Greer the U.S. decision to levy 50% tariffs on steel and aluminium, telling him that he strongly regretted the move and that it does not he...Reuters
Wed, Jun 4
Thyssenkrupp Steel Europe: US tariffs have limited impact but put pressure on trade
DUESSELDORF, June 4 (Reuters) - U.S. tariffs on steel have only a limited direct effect on Thyssenkrupp Steel Europe, the company said on Wednesday, but the increase in import duties brings with it pressure on trade relations more broadly, it warned."The company's main sales market is in Eur...Reuters
Wed, Jun 4
RPT-EU picks 13 new critical material projects, including in Greenland
By Julia Payne PARIS, June 4 (Reuters) - The European Commission on Wednesday announced 13 new raw material projects outside the bloc to increase its supplies of metals and minerals essential for it to stay competitive in the energy transition as well as defence and aerospace. The EU's an...Reuters
Wed, Jun 4
China's CATL to partner with Maersk unit to develop advanced battery products
BEIJING, June 4 (Reuters) - Chinese electric vehicle battery giant CATL 300750.SZ said on Wednesday that it would partner with a unit of Danish shipping firm Maersk MAERSKb.CO, APM Terminals, on the development and after-sales support of advanced battery products.The tie-up that also covers battery ...Reuters
Wed, Jun 4
Tariffs to drive up seafood prices in the US, UN trade agency says
By Olivia Le Poidevin GENEVA, June 4 (Reuters) - Global trade tensions could disrupt ocean goods trade and will push up the price of seafood in the United States, a major importer of fish, according to a report from the United Nations trade agency published on Wednesday. U.S. President Donald Tru...Reuters
Wed, Jun 4
UAE firm IRH buys majority stake in Congo tin miner Alphamin
June 4 (Reuters) - UAE-based International Resources Holding has agreed to buy a controlling stake in major tin producer Alphamin Resources AFM.V for C$503 million ($367 million), it said on Wednesday, as the firm expands its presence in African mining. IRH, a unit of International Holding Co IHC...Reuters
Wed, Jun 4
Mercedes-Benz production chief: in constant dialogue with suppliers over rare earths
RASTATT, Germany, June 4 (Reuters) - Mercedes-Benz MBGn.DE is closely coordinating with its top suppliers over rare earth procurement, the carmaker's production chief said on Wednesday, saying that "physical buffers" played a role in the discussions.Joerg Burzer, Mercedes-Benz's mana...Reuters
Wed, Jun 4
EU picks 13 new critical material projects, including in Greenland
By Julia Payne PARIS, June 4 (Reuters) - The European Commission on Wednesday announced 13 new raw material projects outside the bloc to increase its supplies of metals and minerals essential for it to stay competitive in the energy transition as well as defence and aerospace. The EU's an...Reuters
Wed, Jun 4
German electronics firms worried about rare earths shortages, lobby group says
FRANKFURT, June 4 (Reuters) - Shortages in rare earths are posing ever-greater challenges for companies in Germany's electronics and digital sector, the ZVEI lobby group said on Wednesday, after China restricted exports of rare earths and other minerals."We can see that concern is growing. M...Reuters
Wed, Jun 4
Sable Offshore - Court Grants Temporary Restraining Orders Against Co, Regarding Las Flores Pipeline System
June 4 (Reuters) - Sable Offshore Corp SOC.N:SABLE OFFSHORE - COURT GRANTS TEMPORARY RESTRAINING ORDERS AGAINST CO, REGARDING LAS FLORES PIPELINE SYSTEMSABLE OFFSHORE: TEMPORARY RESTRAINING ORDER PROHIBIT CO FROM RESTARTING TRANSPORTATION OF OIL THROUGH LAS FLORES PIPELINE SYSTEMSABLE OFFSHORE CORP...Reuters
Wed, Jun 4
Discovery of wartime bombs prompts large-scale evacuation in Cologne, Germany
By Rachel MoreBERLIN, June 4 (Reuters) - Thousands of people were evacuated from central Cologne in western Germany on Wednesday following the discovery of three wartime bombs, in what the city authority called the largest such operation since the end of World War Two.An evacuation zone with a radiu...Reuters
Wed, Jun 4
Autoliv sees no production stops despite China rare earth curbs
COPENHAGEN, June 4 (Reuters) - The CEO of Swedish Autoliv ALV.N, ALIVsdb.ST, the world's biggest maker of airbags and seatbelts, said on Wednesday that the company did not currently have any production halts due to Chinese restrictions on rare earth magnets.Reuters
Wed, Jun 4
Remy Cointreau scraps 2030 goals amid tariffs, slow US
2024/25 organic operating profit -30.5% vs forecast -31.7%Joins rivals in scrapping longer term targets Shares rise on hopes steep sales, profit declines are overBy Dominique Vidalon and Emma Rumney PARIS/LONDON, June 4 (Reuters) - Remy Cointreau RCOP.PA on Wednesday abandoned its 2030 sales grow...Reuters
Wed, Jun 4
Ukraine corn exports seen falling sharply in June, producers union says
KYIV, June 4 (Reuters) - Ukrainian corn exports are set to fall to 1 million metric tons in June from 2 million tons in May, as Ukraine-origin corn is uncompetitive compared to its American equivalent, producers' union UAC said on Wednesday.Ukraine is a traditional corn grower and exporter and e...Reuters
Wed, Jun 4
