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Gulf shipping crisis deepens as tankers stranded for fifth day, US sinks Iranian warship
US strike hit an Iranian warship off Sri Lanka,Trump pledges to provide insurance and navy escorts Traffic still stuck, production cuts widenTrump's measure will not help amid ongoing attacks, experts sayBy Yousef Saba, Jonathan Saul and Anna Hirtenstein March 4 (Reuters) - The U.S.–Iran war ...Reuters
5 minutes ago
Maersk halts cargo bookings for Gulf states
COPENHAGEN, March 4 (Reuters) - Maersk said on Wednesday it is temporarily suspending most cargo bookings in and out of the United Arab Emirates, Oman, Iraq, Kuwait, Qatar, Bahrain and Saudi Arabia until further notice.The Jeddah and King Abdullah ports in Saudi Arabia and the Salalah port in Oman r...Reuters
9 minutes ago
French finance ministry to meet petrol station operators to control consumer costs
PARIS, March 4 (Reuters) - France's Finance Ministry said it would meet petrol distributors at 1000 GMT on Thursday to discuss the rise in global oil prices and to ensure that the cost for customers does not exceed recent increases due to the Iran conflict.Reuters
13 minutes ago
Indian gas firms restrict local supplies due to Middle East crisis
Middle East conflict disrupts India's LNG supply from QatarForce majeure declared by Indian gas firms, affecting fertiliser productionNo gas supply cuts announced for households or automobile sectorBy Nidhi Verma NEW DELHI, March 4 (Reuters) - Several Indian companies have restricted the dome...Reuters
24 minutes ago
LME fines PAC Global Services Spain 250,000 pounds for warehouse violations
LONDON, March 4 (Reuters) - The London Metal Exchange fined warehouse operator PAC Global Services Spain (PGS) 250,000 pounds ($334,175) in a disciplinary action due to breaches of its rules, the LME said on Wednesday.The exchange, the world's oldest and largest market for industrial metals, lis...Reuters
27 minutes ago
Iran intelligence operatives signalled openness to talks with CIA to end war, NYT reports
March 4 (Reuters) - Operatives from Iran's Ministry of Intelligence signalled openness to the U.S. Central Intelligence Agency (CIA) to talks on ending the war, the New York Times reported on Wednesday, citing officials briefed on the matter.The offer was made through an unnamed country's sp...Reuters
29 minutes ago
EXCLUSIVE-Qatar shuts gas liquefaction, will take weeks to restart, sources say
Shipping halt in Strait of Hormuz disrupts Qatar's LNG exportsQatar's LNG shutdown affects global gas markets, causing shortagesRestarting LNG production is gradual to avoid equipment damageBy Marwa Rashad March 4 (Reuters) - Qatar declared force majeure on gas exports on Wednesday amid t...Reuters
36 minutes ago
US natural gas futures fall over 4% as market stabilizes following prior gains
March 4 (Reuters) - U.S. natural gas futures fell more than 4% on Wednesday as the market stabilized after hitting an over one-week-high in the previous session, while investors assessed Middle East supply risks amid the U.S.-Israeli war on Iran.Front-month gas futures NGc1 for April delivery on the...Reuters
39 minutes ago
WRAPUP 7-NATO destroys Iranian missile heading for Turkey, frontrunner for supreme leader emerges
Iran says new supreme leader to be chosen soonUS and Israel press on with strikes on IranUS submarine sinks Iranian warship near Sri LankaNATO defences intercept missile heading for Turkey, Ankara says By Parisa Hafezi and Pesha Magid DUBAI/JERUSALEM, March 4 (Reuters) - The powerful son of Iran&...Reuters
43 minutes ago
Aluminium supply headaches intensify as Bahrain shipments stop, Qatar smelter to shut
Alba declares force majeure, seeks alternative shipping solutionsQatalum shutdown adds to supply concerns, Norsk Hydro issues force majeureEuropean and U.S. aluminium premiums reach multi-year highsBy Eric Onstad and Tom Daly LONDON, March 4 (Reuters) - Aluminium Bahrain ALBH.BH, which runs o...Reuters
48 minutes ago
Canada's SSR Mining to sell stake in Turkey's Copler mine for $1.5 billion
By Varun SahayMarch 4 (Reuters) - Canada's SSR Mining SSRM.TO said on Wednesday it had entered a binding memorandum of understanding to sell its 80% stake in Turkey's Copler mine to Cengiz Holding A.S. for $1.5 billion in cash, sending its shares up more than 12%.The gold miner said it was ...Reuters
52 minutes ago
Argentine energy producer Genneia signs $185 mln financing deal with IDB Invest
BUENOS AIRES, March 4 (Reuters) - Argentine renewable energy producer Genneia said on Wednesday it signed a financing agreement for $185 million with IDB Invest, part of a facility that is expandable to $320 million, to support new solar parks and battery storage systems in Argentina.The investment ...Reuters
an hour ago
Oil near multi-month highs on Middle East conflict, pares gain on report of US-Iran talks
Prices pare gains after NYT report on Iran–CIA contactPentagon chief says US winning the war US crude stocks up 5.6 million barrels last week, sources sayBy Ahmad Ghaddar and Alex Lawler LONDON, March 4 (Reuters) - Oil remained within sight of multi-month highs on Wednesday as the U.S.-Israeli wa...Reuters
an hour ago
Bath & Body Works forecasts steeper annual sales drop as turnaround takes longer
March 4 (Reuters) - Bath & Body Works BBWI.N on Wednesday forecast a steeper-than-expected decline in annual sales, despite beating holiday-quarter estimates, as CEO Daniel Heaf said a turnaround at the fragrance retailer will take time.Shares of the company, which lost nearly half of their valu...Reuters
an hour ago
PRECIOUS-Gold rises as Middle East conflict escalates, dollar rally pauses
US, Kurds in Iran discuss potential military operationUS private payrolls increase in February, ADP saysVolatility in precious metals market likely to continue, analyst says By Ashitha Shivaprasad March 4 (Reuters) - Gold prices rose on Wednesday as the escalating conflict in the Middle East attr...Reuters
an hour ago
Deals of the day-Mergers and acquisitions
March 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday: Chinese investors Guoxin Guotong Fund (GT Fund) and CNIC Corporation are considering selling their 33.3% stake in Spanish gas network operator Redexis as the country's governme...Reuters
an hour ago
Whiskey maker Brown-Forman tops quarterly estimates on steady demand
March 4 (Reuters) - Jack Daniel's maker Brown-Forman BFb.N on Wednesday beat analysts' expectations for third-quarter sales and profit on the back of firm demand for its whiskey and ready-to-drink beverages despite a choppy economic backdrop.Shares of the company, which also maintained its a...Reuters
an hour ago
U.S. sub sinks Iranian warship off Sri Lanka, at least 80 dead
Ship identified as Iranian frigate IRIS DenaSri Lankan rescuers found oil slick at incident siteSri Lanka rescues 32, recovers dead bodiesVessel had taken part in naval exercise in Bay of Bengal By Uditha Jayasinghe and Idrees AliGALLE, Sri Lanka/WASHINGTON, March 4 (Reuters) - A U.S. submarine sank...Reuters
an hour ago
US excludes Rosneft Germany from Russia sanctions indefinitely, Bloomberg News reports
March 4 (Reuters) - The U.S. government will exempt the German unit of Russia's Rosneft ROSN.MM from sanctions against the oil major indefinitely, Bloomberg News reported on Wednesday, citing a person familiar with the matter. "We are in close and very constructive dialogue with the relevant...Reuters
an hour ago
