Indices

US sanctions strand Iran, Russia oil on tankers, driving up crude costs

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up...

Drought leaves Canadian farmers unpaid, reveals holes in safety net

Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in early 2024.  He delivered the grain before both companies declared...

MORNING BID EUROPE-Markets look to US CPI with one eye on tariffs

A look at the day ahead in European and global markets from Rae Wee Investors for a change started the day on Wednesday without headlines on new U.S. tariffs, allowing them to shift...

Oil prices retreat after report of U.S. crude stockpile rise

Oil prices edged down on Wednesday as an industry report showed an increase in U.S. crude stockpiles and tariff worries weighed on sentiment, though stronger refining margins limited the market's...

US 25% steel tariffs would stack on other levies on Canada, White House official says

U.S. President Donald Trump's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total 50% tariff, a White House official said on...

Tech pierces trade gloom, Softbank reports

A look at the day ahead in Asian markets.  Asian markets on Wednesday will be looking to claw back Tuesday's broad losses but will face headwinds from a sluggish performance on Wall...

Super Micro to file delayed annual report by February deadline

Super Micro Computer said on Tuesday it believes it will be able to file its delayed annual report with the U.S. Securities and Exchange Commission by February 25, after failing to submit the 10-K...

Leidos beats quarterly expectations on surging weaponry demand

Defense contractor Leidos beat expectations for fourth-quarter earnings on Tuesday, aided by increased military spending and robust weapons demand amid rising geopolitical tensions. ...

Canada will respond to 'unacceptable' US tariffs strongly and firmly if needed, Trudeau says

Canadian Prime Minister Justin Trudeau said on Tuesday that Canada would seek to highlight the negative impact of the United States' steel and aluminium tariffs and that - if needed - the response...

Trump metals tariffs propel gold, pressure China steel shares

U.S. President Donald Trump's 25% tariffs on steel and aluminium sent gold to record highs on worries of widening trade conflict and inflation, while some countries held out hope for negotiations and...

The top sources of U.S. steel and aluminium imports

The U.S. tariff rate on most imported steel and aluminum doubled on Wednesday as President Donald Trump ratcheted up a global trade war. Here's a summary of the major trade partners it...

Xpeng, Geely Auto's shares fall on concerns about BYD's smart driving push

Shares in Chinese automakers Xpeng and Geely Auto tumbled on Tuesday on worries that they will struggle to compete against BYD's move to offer smart driving features across almost all of its line-up...

Mexico to await potential Trump steel, aluminum tariffs before reacting, president says

MEXICO CITY, Feb 10 - Mexico, a top shipper of steel to...

Aluminium rises on supply risks after Trump tariff threat

Aluminium prices rose on Monday due to supply risks after U.S. President Donald Trump said he was set to impose new 25% tariffs on all steel and aluminium imports. Three-month aluminium...

Markets react to Trump's tariffs on steel and aluminium imports

U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. He also said he will announce reciprocal...

Australia says its steel, aluminium exports create American jobs

Australia's trade minister said its steel and aluminium exports to the U.S. create good paying American jobs and are key to shared defence interests, as Canberra presses Washington for an exemption to...

Oil ticks higher as investors weigh new US tariffs

Oil prices ticked higher on Monday even as investors weighed U.S. President Donald Trump's latest tariff threat, this time on all steel and aluminium imports, which could dampen global economic growth...

Navigating US rates, global tariff tensions

A look at the day ahead in Asian markets.  Asian markets are set for a rocky open on Monday following Wall Street's selloff on Friday, as U.S. inflation concerns bubble up and global...

Trump says he will announce 25% steel and aluminum tariffs on Monday

U.S. President Donald Trump said on Sunday that he will be announcing on Monday 25% tariffs on all steel and aluminum imports into the U.S. Trump, speaking to reporters on Air Force...