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US extends protection of Venezuela-owned Citgo from creditors
WASHINGTON, May 4 (Reuters) - The United States has extended a license that protects Venezuela-owned refiner Citgo Petroleum from creditors through June 19, according to a statement on the U.S. Treasury Department's website on Monday.The general license, issued by the Office of Foreign Assets Co...Reuters
Mon, May 4
PRECIOUS-Gold falls nearly 2% as Middle East risks support dollar, keep inflation fears in focus
US says it has missile destroyers in GulfBarclays becomes latest brokerage to bet on no Fed rate cuts in 2026US job openings, ADP and payrolls data due this week By Ashitha Shivaprasad May 4 (Reuters) - Gold prices fell nearly 2% on Monday as heightened U.S.-Iran tensions boosted the dollar and r...Reuters
Mon, May 4
US Justice Dept targets Minnesota over global greenhouse gas emissions
WASHINGTON, May 4 (Reuters) - The U.S. Justice Department filed a complaint on Monday against Minnesota over its regulation of global greenhouse gas emissions, the latest in a series of federal actions in the state that have included a fraud probe and immigration raids.The department alleges in its ...Reuters
Mon, May 4
UKMTO receives report of fire on cargo vessel 36 nautical miles north of Dubai
May 4 (Reuters) - The United Kingdom Maritime Trade Operations (UKMTO) said on Monday it had received a report of an incident involving a cargo vessel about 36 nautical miles north of Dubai, United Arab Emirates.The vessel reported a fire in its engine room, the cause of which was not immediately kn...Reuters
Mon, May 4
Canada unveils C$1 billion loan program for tariff-impacted industries
By Promit MukherjeeOTTAWA, May 4 (Reuters) - The Canadian government announced on Monday a C$1 billion ($734.65 million) loan program for industries impacted by U.S. tariffs.The program will be available to industries that manufacture and export products containing steel, aluminum or copper, Industr...Reuters
Mon, May 4
Spirit Airlines says it has no choice but to liquidate operations
WASHINGTON, May 4 (Reuters) - Bankrupt discount carrier Spirit Airlines FLYYQ.PK, which ceased operations on Saturday, told a U.S. bankruptcy court it had no choice but to end operations."Having fought valiantly for months to reorganize, and having all but succeeded, (Spirit is) left with no alt...Reuters
Mon, May 4
Kazakhstan's oil and gas condensate output up 16% in April from March, source says
MOSCOW, May 4 (Reuters) - Kazakhstan, which accounts for more than 2% of global oil output, boosted oil and gas condensate production by 16% in April from March as output ramped up at major fields, a source familiar with the data said on Monday.Total production rose to 2.17 million barrels per day i...Reuters
Mon, May 4
Brookfield, Nuclear Company to form joint venture for nuclear power
May 4 (Reuters) - Investment firm Brookfield BAM.N and The Nuclear Company said on Monday they will form a joint venture to develop nuclear projects using U.S. company Westinghouse's reactor technology, as demand for low-carbon power rises globally.The new company will combine Brookfield's a...Reuters
Mon, May 4
Silver price declines on strong Dollar, higher yields amid Middle East risk
Silver (XAG/USD) starts the week on a negative note, trading around $73.50 at the time of writing, down 2.41% on Monday. The white metal is facing profit-taking amid a strengthening US Dollar (USD) and rising US Treasury yields.
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Mon, May 4
US natural gas futures hit three-week high as output dips
US gas output drops, supporting futures riseWaha Hub prices remain negative due to Permian Basin pipeline constraints Mild weather, high storage, and recent output cuts impact supply-demand balanceBy Scott DiSavino NEW YORK, May 4 (Reuters) - U.S. natural gas futures edged up about 1% to a fresh ...Reuters
Mon, May 4
Oil pares gains after US says two vessels crossed Strait of Hormuz
US military says its warships in Gulf assisting merchant trafficUS says two US-flagged vessels safely passed Strait of HormuzOPEC+ agrees third oil output quota hike since strait's closureBy Ahmad Ghaddar LONDON, May 4 (Reuters) - Oil prices pared earlier gains on Monday after the U.S. milita...Reuters
Mon, May 4
CBOT Trends-Soy up 5-7 cents, corn down 1-2 cents, wheat down 3-4 cents
CHICAGO, May 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 Monday: WHEAT - Down 3 to 4 cents per bushelWheat futures head lower, lead by declines in K.C. hard red winter wheat fut...Reuters
Mon, May 4
German finmin says Europe united, prepared to act amid US trade tensions
FRANKFURT, May 4 (Reuters) - Germany's finance minister said on Monday the European Union does not want an escalation of the trade conflict with the United States, but that it is united and prepared to react to any new tariffs."We don't want an escalation, we want to agree on a common pa...Reuters
Mon, May 4
PRECIOUS-Gold slips as Iran risks support dollar, keep inflation fears in focus
US denies Iranian missile strikeBarclays becomes latest brokerage to bet on no Fed rate cuts in 2026US job openings, ADP and payrolls data due this week By Ashitha Shivaprasad May 4 (Reuters) - Gold prices fell on Monday after Iran said it had struck a U.S. warship, boosting the dollar and reinfo...Reuters
Mon, May 4
Gas prices affecting Americans but will come down after conflict, Bessent says
WASHINGTON, May 4 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Monday that gas prices are affecting Americans but they are expected to come down quickly when the conflict of Iran ends.The U.S. is opening of the Strait of Hormuz and help is on the way, Bessent said in an interview with F...Reuters
Mon, May 4
Russia intensifies drone attacks on ports, Ukraine says
KYIV, May 4 (Reuters) - Russia has stepped up its targeting of Ukrainian port infrastructure this year, Kyiv said on Monday, using more than 800 drones in its attacks in the first four months of 2026, more than 10 times the number in the same period a year ago.Keeping seaports in the southern Odesa ...Reuters
Mon, May 4
Two US-flagged merchant vessels have cross through Hormuz Strait, Central Command says
WASHINGTON, May 4 (Reuters) - Two U.S.-flagged merchant vessels have crossed through the Strait of Hormuz as U.S. Navy guided-missile destroyers operate in the gulf, U.S. Central Command said on Monday."American forces are actively assisting efforts to restore transit for commercial shipping,...Reuters
Mon, May 4
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