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Vietnam: Energy shock risks growth and inflation – MUFG
MUFG’s Senior Currency Analyst Michael Wan argues that Vietnam faces a stagflationary shock if Strait of Hormuz disruptions persist, with higher Oil and energy costs hitting growth and lifting inflation.
Fxstreet
16 minutes ago
Iraq resumes Kirkuk crude exports via Ceyhan after Baghdad-KRG deal
Crude oil exports resumed on WednesdayTensions rise over new electronic customs systemKRG seeks guarantees for safe oil productionBy Ahmed Rasheed, Yomna Ehab and Muayad Hameed BAGHDAD, March 17 (Reuters) - Crude exports from Iraq's Kirkuk fields to Turkey's Ceyhan port have resumed via p...
Reuters
28 minutes ago
WRAPUP 11-Iran hits Qatar refinery, targets Saudi Arabia, after huge gas field struck
Pars is Iran's sector of the world's largest gas deposit, shared with QatarQatar says energy-industry hub hitUS spy chief says Iran degraded, but intact and able to attack Iran confirms killing of Iranian intelligence ministerTehran strikes Israel after killing of security chief Larijani Isr...
Reuters
32 minutes ago
GRAINS-Chicago grains and oilseeds tick up on crude oil strength, Plains weather
By Renee Hickman CHICAGO, March 18 (Reuters) - Chicago grain and oilseed futures ticked up on Wednesday as money flowed toward those markets and crude oil gave corn and soybeans a boost. Meanwhile wheat climbed on concerns about dry soils in the U.S. Southern Plains, analysts said. The most-activ...
Reuters
34 minutes ago
Argentine province eyes copper boom with $15-20 bln in exports by 2035
By Lucila SigalBUENOS AIRES, March 18 (Reuters) - Argentina's San Juan mining province aims to become a major copper exporter by 2035, the country's production minister told Reuters, projecting the province's annual copper exports could reach between $15 billion and $20 billion by that y...
Reuters
46 minutes ago
Argentine province eyes copper boom with $15-20 bln in exports by 2035
BUENOS AIRES, March 18 (Reuters) - Argentina's San Juan mining province aims to become a major copper exporter by 2035, the country's production minister said, projecting the province's annual copper exports could reach between $15 billion and $20 billion by that year. Production Ministe...
Reuters
51 minutes ago
US airport security absences decline slightly as shutdown continues
TSA absences at major airports remain high, impacting operationsAirlines urge quick resolution as spring travel season beginsPotential shutdown of smaller airports due to staff shortagesTSA officer absences peaked at 10.2% on TuesdayAirlines face potential disruptions similar to last fall's 43-d...
Reuters
55 minutes ago
US poised to waive summer gasoline regulations to ease prices, sources say
By Jarrett RenshawMarch 18 (Reuters) - The Trump administration is expected to announce soon that it will temporarily lift federal smog-cutting restrictions on summer-blend gasoline to curb rising energy prices stemming from the Iran conflict, according to three sources familiar with the matter.The ...
Reuters
an hour ago
Anglo American expects final approval for Teck Resources merger between September and March
SAO PAULO, March 18 (Reuters) - London-listed mining company Anglo American AAL.L expects to get final regulatory approval for its merger with Teck Resources TECKb.TO between September this year and March 2027, a spokesperson said on Wednesday. The company clarified its expectations for approval fro...
Reuters
an hour ago
QatarEnergy reports 'extensive damage' after missile attacks on Ras Laffan industrial city
March 18 (Reuters) - Qatar's state oil giant QatarEnergy said on Wednesday that "extensive damage" has been caused after the Ras Laffan Industrial City was subjected to missile attacks, shortly after the country's interior ministry reported a fire resulting from an Iranian attack on ...
Reuters
an hour ago
US waives shipping regulation to ease fuel, fertilizer deliveries
Foreign-flagged vessels can move fuel between domestic portsAmerican Maritime Partnership 'deeply concerned' about US jobsRisk advisor doubts that the step will help lower prices muchBy Jarrett RenshawWASHINGTON, March 18 (Reuters) - President Donald Trump's administration on Wednesday a...
Reuters
an hour ago
PRECIOUS-Gold holds losses after Fed decision, drops to over one-month low
Iran's huge Gulf gas field struck in major escalationFed calls inflation somewhat elevatedUS producer prices surge in FebruaryBy Ashitha Shivaprasad March 18 (Reuters) - Spot gold continued to trade lower after the Federal Reserve's latest policy decision on Wednesday, having hit a more t...
Reuters
an hour ago
Ferrero agrees deal for Brazilian protein snacking company Bold Snacks
By Alexander MarrowLONDON, March 18 (Reuters) - The owner of Ferrero Rocher on Wednesday said it had agreed to acquire Brazilian protein snacking company Bold Snacks for an undisclosed sum, in a deal that gives the Italian group greater exposure to the growing number of consumers looking for high-pr...
Reuters
an hour ago
US Plains HRW Wheat-Basis mostly steady as drought concern expands in Plains
CHICAGO, March 18 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in most markets in the southern U.S. Plains on Wednesday, though a rally in wheat futures had some farmers selling off the limited supplies they still had stored in bins, merchandisers said.Protein premiums for r...
Reuters
an hour ago
CBOT wheat climbs as dry weather forecast for Southern Plains
CHICAGO, March 18 (Reuters) - Chicago Board of Trade wheat futures jumped on Wednesday on concerns about dry weather in the U.S. Southern Plains, analysts said. Weather forecaster Vaisala said ongoing dry weather in the central and southern Plains would maintain low moisture for winter wheat over...
Reuters
2 hours ago
CBOT corn futures ended higher as crude oil prices rose
CHICAGO, March 18 (Reuters) - Chicago Board of Trade corn futures ticked up on Wednesday as money flowed toward those markets and crude oil gave corn strength. Oil prices rose more than 5% on Wednesday after Iran's Revolutionary Guards threatened to attack several energy facilities across the Mi...
Reuters
2 hours ago
Prysmian eyes new Texas copper mill and deals, Bloomberg News reports
March 18 (Reuters) - Italian cable maker Prysmian PRY.MI is considering building a new mill in Texas as it pursues U.S. acquisitions, Bloomberg News reported on Wednesday.The company may pull the trigger in the next year or so on a second copper rod facility at its McKinney site near Dallas, with an...
Reuters
2 hours ago
US lawmakers urge Rubio to seek tough standards in any Saudi nuclear power pact
By Timothy Gardner WASHINGTON, March 18 (Reuters) - A dozen Democratic U.S. lawmakers on Wednesday urged Secretary of State Marco Rubio to push for "gold standard" non-proliferation protections in any agreement with Saudi Arabia on sharing nuclear power technology. The administration of R...
Reuters
2 hours ago
Prysmian Eyes New Texas Copper Mill, Deals Amid Data Center Boom - Bloomberg News
March 18 (Reuters) - Bloomberg News:PRYSMIAN EYES NEW TEXAS COPPER MILL, DEALS AMID DATA CENTER BOOM - BLOOMBERG NEWSPRYSMIAN MAY PULL TRIGGER IN NEXT YEAR OR SO ON SECOND COPPER ROD FACILITY NEAR DALLAS WITH INVESTMENT OF $100 MILLION TO $200 MILLION - BLOOMBERG NEWSSource text: tinyurl.com/35wdz6n...
Reuters
2 hours ago
US natural gas futures rise as output drops and demand climbs
Daily gas output drops due in part to likely freezing pipes in North DakotaRecord heat in Los Angeles boosts gas demand for power generationLNG export unit outage contributes to reduced gas flowsBy Scott DiSavino NEW YORK, March 18 (Reuters) - U.S. natural gas futures edged up about 1% on Wed...
Reuters
2 hours ago
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