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Copper Climbs to Three-week High as Us-iran Ceasefire Eases Global Slowdown Fears
April 8 (Reuters) - Copper prices rose to three-week highs on Wednesday after U.S. President Donald Trump agreed to a two-week ceasefire with Iran, sending oil prices sharply lower and easing fears of a global economic slowdown.Benchmark three-month copper CMCU3 on the London Metal Exchange rose 2.6Reuters
an hour ago
Oil slides below $100, stocks soar as Trump agrees to two-week ceasefire
Oil prices dived, stocks surged and the dollar was knocked back on Wednesday as a two-week Middle East ceasefire sparked a relief rally, fuelled by hopes that oil and gas flows through the Strait of Hormuz could resume.Reuters
an hour ago
Israel backs Trump's two-week pause on Iran strikes, says Lebanon excluded
April 8 (Reuters) - Israel supports U.S. President Donald Trump's decision to suspend strikes against Iran for two weeks, but said the ceasefire does not include Lebanon, Prime Minister Benjamin Netanyahu's office said on Wednesday.The office said Israel backed the U.S. move provided Tehran ...Reuters
10 minutes ago
GRAINS-Wheat slides 3%; corn, soybeans fall as Trump announces ceasefire
Wheat at two-week low, corn falls 1%, soybeans downDeep losses in oil market after Trump's ceasefire announcementWheat prices face bigger drop on improved supply prospectsBy Naveen Thukral SINGAPORE, April 8 (Reuters) - Chicago wheat futures fell almost 3% on Wednesday, while corn lost around...Reuters
21 minutes ago
US rejects aluminum tariff relief request from Ford, WSJ reports
April 7 (Reuters) - The U.S. government has so far rejected requests from Ford Motor F.N and other U.S. automakers for relief from aluminum tariffs after fires at a Novelis plant created supply bottlenecks for vehicles, the Wall Street Journal reported on Tuesday.Last week, Ford petitioned the Trump...Reuters
24 minutes ago
Netanyahu backs Iran ceasefire, says Lebanon not included, Israeli media says
April 8 (Reuters) - Israel's Prime Minister Benjamin Netanyahu said the country supported U.S. President Donald Trump's decision to suspend attacks against Iran for two weeks but said the ceasefire does not include Lebanon, Israeli media reported on Wednesday.Reuters
45 minutes ago
EXCLUSIVE-TikTok to build a second billion-euro data centre in Finland
TikTok's 1 bln euro data centre aims to boost European data sovereignty and user protectionsFinnish politicians previously raised security and transparency concerns over TikTok's data centreFinland attracts data centres with low-cost, low-carbon energy and cool climateBy Supantha Mukherjee a...Reuters
51 minutes ago
PRESS DIGEST-British Business - April 8
April 8 (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 TimesA 56-billion-euro ($65.41 billion) bid has been tabled by Bill Ackman, the billionaire hedge fund manage...Reuters
57 minutes ago
WRAPUP 18-Trump agrees to two-week Iran ceasefire, drops threat to destroy 'whole civilization'
Trump says Iran proposal is basis for negotiationIran describes deal as victory over TrumpSeveral Gulf countries report Iran missile and drone attacksTrump's earlier threat draws international condemnationBy Steve Holland, Parisa Hafezi, Enas Alashray and Ahmed Tolba WASHINGTON/DUBAI/CAIRO, A...Reuters
an hour ago
PRECIOUS-Gold rises to near three-week high as Trump pauses attacks on Iran
Ceasefire comes hours before Trump's deadlineIran says talks with U.S. to begin Friday in IslamabadGold has lost over 8% since the Iran war erupted on February 28By Anmol Choubey April 8 (Reuters) - Gold prices climbed to a near three-week high on Wednesday as markets reassessed near-term ris...Reuters
an hour ago
Iraq's Islamic Resistance says it is suspending operations for two weeks
BAGHDAD, April 8 (Reuters) - The Islamic Resistance in Iraq, an umbrella group of Iran-backed armed factions, said it would suspend its operations in Iraq and across the region for two weeks, according to a statement issued on Wednesday, in a move that follows announcements of a two-week suspension ...Reuters
an hour ago
US rebuffs aluminum tariff relief request from Ford, WSJ reports
April 7 (Reuters) - The U.S. government has so far rebuffed requests from Ford Motor F.N and other U.S. automakers for relief from aluminum tariffs after fires at the Novelis aluminum rolling plant created supply bottlenecks for vehicles, the Wall Street Journal reported on Tuesday. Reuters could no...Reuters
an hour ago
RUBBER-Japan futures snaps five-day rally as oil plummets
By Ruth Chai April 8 (Reuters) - Japanese rubber futures fell for the first time in five sessions on Wednesday, as oil plummeted after a ceasefire agreement was reached in the Middle East, with Iran allowing the safe passage of oil and gas through the Strait of Hormuz. The Osaka Exchange (OSE) r...Reuters
2 hours ago
ROI-Iran ceasefire provides hope, but physical oil markets to remain stressed: Russell
By Clyde Russell LAUNCESTON, Australia, April 8 (Reuters) - A planned two-week ceasefire between the United States and Iran and negotiations to end their conflict may mark the first genuine attempt to de-escalate, but there's still much to be concerned about the world of pain physical oil mar...Reuters
2 hours ago
WTI Price Forecast: Seems vulnerable near $90.50 as technical breakdown comes into play
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – plummets to a nearly two-week trough during the Asian session on Wednesday in reaction to news that the US and Iran have agreed to a two-week ceasefire.
Fxstreet
2 hours ago
Oil slides below $100 after Trump announces two-week ceasefire
Brent, WTI drop around 14% Iran says it will open up Strait of Hormuz for two weeks if attacks stopTrump says Iran has offered a 10-point peace proposal By Helen Clark PERTH, April 8 (Reuters) - Oil fell below $100 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a ...Reuters
2 hours ago
Abu Dhabi authorities dealing with fire at Habshan gas facility
April 8 (Reuters) - Authorities in Abu Dhabi are dealing with a fire at the Habshan gas processing facility, the Abu Dhabi Media Office said early on Wednesday, as Gulf states activated air defences following threats of missile and drone attacks across the region.Reuters
3 hours ago
GRAINS-Wheat slides 2.4%; corn, soybeans fall as Trump announces ceasefire
SINGAPORE, April 8 (Reuters) - Chicago wheat futures fell 2.4% on Wednesday, while corn and soybeans lost around 1% after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran.The wheat market faced additional pressure from improved U.S. weather and expectations of higher ...Reuters
3 hours ago
Silver rallies to fresh weekly high, above $77.00 as USD plummets on US-Iran ceasefire
Silver (XAG/USD) rallies to a fresh weekly high during the Asian session on Wednesday, with bulls now looking to build on the momentum beyond the $77.00 mark amid a broad-based US Dollar (USD) selloff.
Fxstreet
3 hours ago
