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IFC, First Quantum Minerals Sign Agreement To Develop Copper Project In Argentina
April 8 (Reuters) - First Quantum Minerals Ltd FM.TO:IFC, FIRST QUANTUM SIGN AGREEMENT TO ADVANCE ON SUSTAINABLE DEVELOPMENT OF COPPER PROJECT IN ARGENTINA- STATEMENTTHE PARTNERSHIP WILL HELP FIRST QUANTUM SECURE DEBT FINANCING FOR THE $5.25 BILLION PROJECT- CO STATEMENTReuters
14 minutes ago
PRECIOUS-Gold hits nearly three-week high after US-Iran ceasefire
Israel pounds Lebanon and Iran hits neighboursOil tumbles below $100 a barrel Minutes of Fed's March meeting due to be released at 2 p.m. EDT Palladium up over 7%By Ashitha Shivaprasad April 8 (Reuters) - Gold scaled nearly a three-week peak on Wednesday, as the U.S. dollar and oil prices fel...Reuters
21 minutes ago
EU's Kallas: uncertainty remains in the Gulf region despite ceasefire
BRUSSELS, April 8 (Reuters) - European Union's foreign policy chief Kaja Kallas said on Wednesday the uncertainty remains in the Gulf region even though the two-week ceasefire between the U.S. and Iran is a relief.The current crisis has shown there is a need for a "stronger EU-Gulf partnersh...Reuters
23 minutes ago
QatarEnergy preparing for LNG production startup, sources say
April 8 (Reuters) - QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told Reuters on Wednesday.In March, QatarEnergy halted production of LNG and associated products due to military attacks on facilities in Ras Laffan and Mesaieed.T...Reuters
29 minutes ago
'A lot of work to do' to reopen Strait of Hormuz, UK's Starmer says on Gulf trip
LONDON, April 8 (Reuters) - British Prime Minister Keir Starmer said on Wednesday there was still a lot of work to do to reopen the Strait of Hormuz following the U.S.-Iran ceasefire, speaking during a visit to the Gulf.Starmer will hold talks with regional leaders during the visit, which had been p...Reuters
36 minutes ago
Mosaic to idle Brazil phosphate plants in cost-cutting push
April 8 (Reuters) - Mosaic MOS.N said on Wednesday it will idle two phosphate facilities in Brazil, cut jobs and reduce annual output by about 1 million tonnes, as the fertilizer producer moves to curb costs, redeploy capital and pursue the sale of assets.The U.S.-based company will begin idling and...Reuters
40 minutes ago
Brazil's Raizen launches debt talks, eyeing asset sales
By Luciana Magalhaes and Oliver Griffin SAO PAULO, April 8 (Reuters) - Brazil's fuel and sugar giant Raizen RAIZ4.SA has begun talks to convert about 29 billion reais ($5.7 billion) of debt into shares, two people involved in negotiations said, which could help clear the way for some 10 billi...Reuters
42 minutes ago
Exxon signals lower Q1 profit despite higher oil, gas revenue from Iran war price spikes
Upstream earnings could gain from higher oil, gas pricesExxon to release full Q1 results on May 1Downstream earnings hit by timing effectsExxon expects profits to rebound in later quartersBy Sheila DangHOUSTON, April 8 (Reuters) - Exxon Mobil XOM.N signaled on Wednesday that first quarter earnings c...Reuters
49 minutes ago
Mosaic To Idle Araxá And Patrocínio Mining Complexes In Brazil
April 8 (Reuters) - Mosaic Co MOS.N:MOSAIC CO - TO IDLE ARAXÁ AND PATROCÍNIO MINING COMPLEXES IN BRAZIL - SEC FILINGMOSAIC CO - WORKFORCE REDUCTIONS TO OCCUR AT ARAXÁ AND PATROCÍNIO SITES - SEC FILINGMOSAIC CO - TO PURSUE SALE OF ARAXÁ ASSETS AND CONTINUE NIOBIUM DEVELOPMENT AT PATROCÍNIO - SEC FILI...Reuters
51 minutes ago
WRAPUP 10-Relief at truce gives way to alarm as Israel pounds Lebanon and Iran hits neighbours
Trump says Iran proposal is basis for negotiationPreparations being made for talks in Pakistan Israeli attacks on Lebanon the biggest yetIran continues to strike its Gulf neighboursIran describes deal as victory over TrumpBy Steve Holland, Parisa Hafezi, Alexander Cornwell and Maya Gebeily WASHIN...Reuters
55 minutes ago
EXCLUSIVE-Rusal plans to reroute aluminium from China to Japan as Iran conflict reshapes trade, sources say
Japan aluminium premiums soar to 11-year highs on Iran crisisCountry sources over a quarter of its aluminium from GulfChina buyers baulk at prices based on Japan premiums, sources sayBy Tom Daly, Polina Devitt, Amy Lv and Pratima Desai LONDON/BEIJING, April 8 (Reuters) - Russia's Rusal 0486.H...Reuters
56 minutes ago
Oil tumbles below $100 after Trump announces two-week ceasefire
Iran says it will open up Strait of Hormuz for two weeks if attacks stopTrump says Iran has offered a 10-point peace proposal US crude inventories rose more than expected last week, EIA saysBy Nicole Jao NEW YORK, April 8 (Reuters) - Oil tumbled below $100 a barrel on Wednesday after U.S. Preside...Reuters
57 minutes ago
US military says it's ready to resume Iran fighting if diplomacy fails
US claims major tactical wins, destroying much of Iran's military infrastructureIran declares historic victory, enters talks distrustful of US intentionsExperts note Iran's regime remains intact, Tehran may be emboldenedBy Idrees Ali and Phil Stewart WASHINGTON, April 8 (Reuters) - The to...Reuters
57 minutes ago
The new Trump trades: how investors are navigating Iran shocks
New Trump trades emerging from war-fuelled uncertaintyVolatility creates mis-pricing opportunitiesHigher for longer oil anticipatedBy Naomi Rovnick LONDON, April 8 (Reuters) - Investors are piecing together a new "Trump trade" playbook for navigating market uncertainty, ranging from wheth...Reuters
59 minutes ago
Venezuela's refineries down to 31% of crude processing capacity, workers say
April 8 (Reuters) - Venezuela's refining network is processing some 399,000 barrels per day (bpd) of crude, or 31% of its 1.29 million-bpd installed capacity, below the 35% of capacity it reached in February as state-run company PDVSA struggles to keep units in service after restarting them, wor...Reuters
an hour ago
Mosaic to idle mining operations at two complexes in Brazil
April 8 (Reuters) - Ferilizer company Mosaic MOS.N said on Wednesday it will begin the process of idling and demobilizing its Araxá Mining and Chemical Complex and idling related mining activities at the Patrocínio Complex in Brazil.Reuters
an hour ago
In call with Trump, Turkey's Erdogan warns against sabotage of peace bid
ISTANBUL, April 8 (Reuters) - Turkish President Tayyip Erdogan said in a phone call with U.S. President Donald Trump that no opportunity should be given for the ceasefire process with Iran to be sabotaged, his office said on Wednesday.It quoted Erdogan as saying that the two-week "window of oppo...Reuters
an hour ago
Shippers seek clarity on Hormuz reopening after US-Iran ceasefire deal
Iran to provide safe passage in coordination with its militaryIran says it allowed the first ship to pass after ceasefireMajor shipping companies seeking more clarity to restart transitAsian refiners, traders keen on loading cargoes from the regionBy Jeslyn Lerh and Nerijus Adomaitis SINGAPORE/OS...Reuters
an hour ago
Austrian strategic gas and oil reserves are well stocked, says Chancellor
BERLIN, April 8 (Reuters) - Austria's strategic gas and oil reserves are well stocked, Chancellor Christian Stocker said on X on Wednesday, adding his government was taking steps to ensure the country was ready for any scenario after the U.S. and Iran agreed a ceasefire."We cannot influence ...Reuters
an hour ago
US crude stocks rise in latest week to highest since June 2023, EIA says
By Scott DiSavinoNEW YORK, April 8 (Reuters) - U.S. crude stockpiles rose by 3.1 million barrels to 464.7 million barrels in the week ended April 3, the highest since June 2023, the U.S. Energy Information Administration said in its weekly Petroleum Status Report on Wednesday.Reuters
an hour ago
