News
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Commodities
Saudi Arabia Sets May Arab Light Crude Oil OSP To US At Plus $3.60/Bbl, source says
April 7 (Reuters) - SAUDI ARABIA SETS MAY ARAB LIGHT CRUDE OIL OSP TO NW EUROPE AT PLUS $2.55/BBL TO ICE BRENT SETTLEMENT- PRICING DOCUMENT SEEN BY REUTERSSAUDI ARABIA SETS MAY ARAB LIGHT CRUDE OIL OSP TO UNITED STATES AT PLUS $3.60/BBL VERSUS ASCI- PRICING DOCUMENT SEEN BY REUTERSRELATED- nL2N3QK02...Reuters
Mon, Apr 7
Commodities
PRESS DIGEST-British Business - April 7
April 7 (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 Times - Three of the UK's largest local government pension schemes have stepped-up calls for Shell SHEL.L to ex...Reuters
Mon, Apr 7
Commodities
GRAINS-Chicago soybeans firm, still near year low on China tariffs
BEIJING, April 7 (Reuters) - Chicago soybean futures rose on Monday, but hovered near its lowest level this year hit in the previous session, after China announced an additional 34% tariff on all U.S. goods, with soybeans expected to take the biggest hit.The most-active soybean contract on the Chica...Reuters
Mon, Apr 7
Stocks
Australian copper miners plunge as commodity prices track global market sell-off
** Australian copper miners track copper prices lower as commodities and equities around the world remain subject to sell-offs amid fears of an economic slowdown as Trump's tariffs take effect MKTS/GLOB** Australia-listed shares of Capstone Copper CSC.AX tumble as much as 17.1% to a record low o...Reuters
Mon, Apr 7
Commodities
WRAPUP 4-Trump compares tariffs to 'medicine' as Asian markets convulse
Taiwan, Israel and India seek dealsTrump says countries will have to 'pay a lot of money'Ackman warns of 'nuclear winter' unless tariffs pausedBy Trevor Hunnicutt ABOARD AIR FORCE ONE, April 6 (Reuters) - U.S. President Donald Trump said on Sunday foreign governments would have to...Reuters
Mon, Apr 7
Stocks
INDIA STOCKS-India's Nifty 50 set for sharp drop amid global trade war, US recession fears
By Bharath RajeswaranApril 7 (Reuters) - India's benchmark indexes are poised to open sharply lower on Monday, as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout.The GIFT Nifty futures GIFc1 were trading at 21,128.5, as of 7:21 a.m. IST, ind...Reuters
Mon, Apr 7
Stocks
GLOBAL MARKETS-Stocks dive in Asia, markets hunger for rapid US rate cuts
Asian stock markets : https://tmsnrt.rs/2zpUAr4S&P 500 futures drop over 3%, Nikkei slides 6%Futures price in extra 25bps Fed easing this yearTreasuries extend rally, safe haven yen gainsOil dives 2% as global recession risks mountBy Wayne Cole SYDNEY, April 7 (Reuters) - Major stock indexes ...Reuters
Mon, Apr 7
Stocks
EMERGING MARKETS-Asian stocks sink as tariff worries rattle investors
April 7 (Reuters) - Equities in Asian emerging markets plummeted on Monday to multi-year lows, as fears of a global recession fuelled by U.S. President Donald Trump's harsher-than-expected tariffs gripped markets.The Singapore benchmark index .STI fell 7% at the open and was on course for its bi...Reuters
Mon, Apr 7
Stocks
EMERGING MARKETS-Asian stocks sink as tariff worries rattle investors
April 7 (Reuters) - Equities in Asian emerging markets plummeted on Monday to multi-year lows, as fears of a global recession fuelled by U.S. President Donald Trump's harsher-than-expected tariffs gripped markets.The Singapore benchmark index .STI fell 7% at the open and was on course for its bi...Reuters
Mon, Apr 7
Other
LG Energy Solution flags 138% rise in Q1 operating profit
SEOUL, April 7 (Reuters) - LG Energy Solution (LGES) 373220.KS, an electric vehicle (EV) battery supplier for General Motors GM.N and Tesla TSLA.O, estimated on Monday a 138% rise in its quarterly operating profit. However, excluding tax credits under the U.S. Inflation Reduction Act, LG Energy Solu...Reuters
Mon, Apr 7
Other
Japan will ask US to cut tariffs but results won't come 'overnight', PM Ishiba says
Govt will take steps to cushion blow from tariffs, Ishiba saysIshiba says willing to meet Trump again but must ready 'package'Ishiba instructed ministers to be vigilant to market movesBy Leika Kihara TOKYO, April 7 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Monday the gove...Reuters
Mon, Apr 7
Stocks
China stocks sink on trade war fears; Hong Kong dives 8%
SHANGHAI, April 7 (Reuters) - Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession.Hong Kong's Hang Seng index .HSI was down 8% in early trade. Shares in online giants Alibaba 9988....Reuters
Mon, Apr 7
Other
Russian court cuts sentence of jailed US soldier Black, Russian agencies report
April 7 (Reuters) - A Russian court in Vladivostok slightly cut the sentence of U.S. soldier Gordon Black who was jailed last year after being found guilty of stealing $113 from his girlfriend and making threats to kill her, Russian agencies reported on Monday.Russia's RIA and TASS state news ag...Reuters
Mon, Apr 7
Other
Australia's Abacus Storage King gets takeover bid, valuing firm at $1.2 billion
By Sneha Kumar April 7 (Reuters) - Shares of Australia's Abacus Storage King ASK.AX soared to a nearly six-month high after it received an unsolicited takeover offer from a consortium, valuing the firm at A$1.93 billion ($1.16 billion).The stock jumped more than 15%, its biggest ever intrada...Reuters
Mon, Apr 7
Stocks
Banks, miners drag Australia stocks to over 1-year low on global tariffs rout
April 7 (Reuters) - Australian shares fell 6% at the open on Monday, dragged by heavy losses in banking, mining and energy stocks, as investors fled to the safety of government bonds amid a rout in global markets sparked by U.S. President Donald Trump's tariffs.The S&P/ASX 200 index .AXJO fe...Reuters
Mon, Apr 7
Economic Indicator
EUR/USD flat lines above mid-1.0900s, investors seem non-committed amid rising trade tensions
The EUR/USD pair reverses an Asian session dip to the 1.0880 aera and for now, seems to have stalled its retracement slide from the vicinity of mid-1.1100s, or the highest level since September touched last week.
Fxstreet
Mon, Apr 7
Other
Australia's Star Entertainment agrees to take-control offer from Bally's, AFR reports
April 7 (Reuters) - Australia's Star Entertainment SGR.AX has agreed to a refinancing deal, which would see U.S. peer Bally's BALY.N take control of the embattled casino operator, the Australian Financial Review (AFR) reported on Monday.Under the deal, Bally's will invest about A$250 mil...Reuters
Mon, Apr 7
