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WRAPUP 13-As Trump's deadline nears, last-ditch effort seeks Iran ceasefire
Deadline approaches on Trump's threat to hit infrastructurePakistan proposes two-week ceasefire, Iran reviews mediation requestGlobal leaders condemn Trump's threat, UN and pope call it unacceptableBy Parisa Hafezi and Trevor Hunnicutt DUBAI/WASHINGTON, April 7 (Reuters) - U.S. President ...Reuters
14 minutes ago
Panama authorizes First Quantum to process stockpiled material from shuttered copper mine
No new drilling, blasting or reopening, miner saysFirst Quantum estimates 70,000 tons of recoverable copperCapital requirements estimated at $250 millionMine closed in 2023 over widespread environmental protestsBy Elida MorenoPANAMA CITY, April 7 (Reuters) - Panama's government formally approved...Reuters
41 minutes ago
SLB OneSubsea, Subsea7 sign agreement with Petronas Suriname
April 7 (Reuters) - Oilfield services firm SLB SLB.N said on Tuesday that its OneSubsea unit and Luxembourg's Subsea7 have signed a strategic collaboration agreement with Petronas Suriname to support offshore subsea oil and gas developments. The partnership is aimed at supporting the development...Reuters
58 minutes ago
US wheat futures end mixed as forecasts call for rains in Plains
CHICAGO, April 7 (Reuters) - U.S. wheat futures closed mixed on Tuesday, with Chicago Board of Trade soft wheat futures ending higher and Kansas City hard wheat futures drifting lower on forecasts for much-needed rain this week in portions of the U.S. Plains hard wheat belt.CBOT May soft red winter ...Reuters
an hour ago
Levi Strauss lifts 2026 outlook after logging strong DTC sales
OverviewUS apparel maker's Q1 net revenues of $1.7 billion rose 14% on a reported basis yr/yrAdjusted net income for Q1 beat analyst expectationsCompany raised full-year 2026 outlook for revenue, margins and adjusted EPSOutlookLevi Strauss raises 2026 reported net revenue growth outlook to 5.5%-...Reuters
2 hours ago
CBOT corn ends lower on ample supplies; Iran conflict eyed
CHICAGO, April 7 (Reuters) - Chicago Board of Trade corn futures closed lower on Tuesday on technical selling and concern about plentiful U.S. and global grain supplies while brokers monitored crude oil prices amid a standoff between the U.S. and Iran over the Strait of Hormuz.CBOT May corn CK26 set...Reuters
2 hours ago
CBOT soybeans end lower, led by declines in soy product futures
CHICAGO, April 7 (Reuters) - Chicago Board of Trade soybean futures ended lower on Tuesday, led by declines in soymeal and soyoil futures, but strength in crude oil CLc1 underpinned the market as a standoff over the Strait of Hormuz threatened more escalation in the U.S.-Israeli war with Iran.CBOT M...Reuters
2 hours ago
Trump aware of Pakistani proposal and will respond, White House says
WASHINGTON, April 7 (Reuters) - U.S. President Donald Trump is aware of Pakistan's proposal for a two-week extension to a deadline he imposed on Iran, and a response will come, White House press secretary Karoline Leavitt said on Tuesday."The President has been made aware of the proposal, an...Reuters
2 hours ago
Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens
Hormuz closure creates very tight market for oil delivered soon, analysts sayNorth Sea Forties crude reaches record high outright price, LSEG data showsPanic over supplies is driving physical prices higher, expert saysBy Alex Lawler LONDON, April 7 - European and Asian refiners are paying record ...Reuters
2 hours ago
US transportation secretary sees room for airline mergers
By David ShepardsonWASHINGTON, April 7 (Reuters) - U.S. Transportation Secretary Sean Duffy said on Tuesday he thinks there is room for consolidation in the U.S. airline industry but said any potential deal would face close scrutiny on how it would affect consumers."If there was a merger between...Reuters
2 hours ago
Brent settles down on economic worries, US crude up ahead of Trump deadline for Iran
WTI crude rises on supply concerns, Brent falls on economic growth worriesTrump threatens more military action if Iran does not reopen Strait of HormuzGlobal leaders warn Iran war could slow growth, raise inflation; oil supply disruptions persistBy Scott DiSavino NEW YORK, April 7 (Reuters) - ...Reuters
2 hours ago
US natgas futures up 2% as daily production falls, Texas Waha prices stay negative
Waha Hub prices remain negative for record 42 days due to pipeline constraintsLSEG reports daily US gas output dropped to two-week low, mostly in Louisiana, ArkansasCheniere Energy maintenance reduces LNG feedgas flows, impacting export plant supplyBy Scott DiSavino NEW YORK, April 7 (Reuters) - ...Reuters
3 hours ago
French Foreign Minister Barrot hopes Trump does not go ahead with threat against Iran
PARIS, April 7 (Reuters) - French Foreign Minister Jean-Noel Barrot said on Tuesday that he hoped U.S. President Trump would not go ahead with his latest threats against Iran."One does not erase a civilisation...This ultimatum is not the first that President Trump has set since the war started,&...Reuters
3 hours ago
DHS says US could stop processing international travelers at some airports in 'sanctuary cities'
By David Shepardson and Ted Hesson WASHINGTON, April 7 (Reuters) - Homeland Security Secretary Markwayne Mullin said on Tuesday that customs officials could stop processing international travelers at major U.S. airports in "sanctuary cities" that have declined to cooperate with the Trump ...Reuters
3 hours ago
PRECIOUS-Gold ticks up ahead of Trump's Iran deadline
Iran shows no sign of accepting Trump's ultimatumUS Fed minutes due on Wednesday China's central bank adds gold to reserves for 17th monthBy Ashitha Shivaprasad April 7 (Reuters) - Gold prices drifted higher on Tuesday, with market attention on U.S. President Donald Trump's looming de...Reuters
3 hours ago
GRAINS-Soybeans and corn turn lower on ample supplies; wheat mixed
Soybeans pressured by ample supplies, weak soymeal and soyoil futuresWheat mixed as rain forecasts prompt inter-market spreadsTraders await Iran war updates and USDA crop report for further directionBy Julie Ingwersen CHICAGO, April 7 (Reuters) - U.S. soybean and corn futures retreated on Tuesday...Reuters
4 hours ago
