News Wire

Ivory Coast cocoa grinding up 5.5 pct through March 31 - exporter stats

19/04   Full story

Stories on Ukraine's presidential election which a comedian is favourite to win

11h11 Ukrainians fed up with entrenched corruption and hungry for change are likely to elect a comedian with no previous political experience as their next president in a run-off vote on Sunday.. . .  Full story

Aramco to buy Shell's 50 pct stake in Saudi refining JV for $631 mln

10h45 Saudi Aramco said on Sunday it would acquire Royal Dutch Shell's 50 percent stake in Saudi refining joint venture SASREF for $631 million.. . .  Full story

Austria to maintain deficit-free budget to 2023 -chancellor to APA

10h20 Austria's government plans to maintain a deficit-free budget until 2023, local news agency APA quoted Chancellor Sebastian Kurz as saying on Sunday.. . .  Full story

Airport in Libya's Tripoli re-opens, authorities say

10h15 Libya has reopened Tripoli's only functioning airport, according to a posting on the airport authorities' Facebook page on Sunday.. . .  Full story

Macedonians vote in election dominated by splits over name change

09h14 Macedonians vote on Sunday in a presidential election dominated by deep divisions over a change of the country's name to North Macedonia under a deal with Greece.. . .  Full story

In nod to debt concerns, China Belt and Road summit to urge sustainable financing

07h54 World leaders meeting in Beijing this week for a summit on China's Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth, according to a draft communique. . .  Full story

China finds more cases of African swine fever on Hainan island

05h45 China has detected new cases of African swine fever in six farms across four locations in Hainan province, the agriculture ministry said on Sunday, adding to two earlier cases of the contagious disease identified. . .  Full story

UK PM May to be told to quit by top Conservative - Sunday Times

20/04 A top member of Prime Minister Theresa May's Conservative Party will tell her in the coming week that she must step down by the end of June or her lawmakers will try again to. . .  Full story

Erdogan's AKP lodges second call for rerun of Istanbul election -Anadolu

20/04 Turkey's ruling AK Party submitted a second petition to cancel and re-run Istanbul elections it lost three weeks ago, citing thousands of ballots cast by people it said were ineligible to vote due to. . .  Full story

-Union Pacific operational overhaul gains traction, shares rise

20/04 U.S. railroad operator Union Pacific Corp on Thursday reported a better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.. . .  Full story

Norwegian Air cabin crew union calls for strike at Charles de Gaulle

20/04 Norwegian Air's largest cabin crew union in France has called for a strike from April 24 to April 26, seeking higher pay and better working conditions, a union representative said on Saturday.. . .  Full story

Thomas Cook approached by potential bidders - Sky News

20/04 Thomas Cook has been tentatively approached about a takeover of its tour operating unit, or the entire company, by several parties as its lenders prepare for crunch talks over the state of its finances,. . .  Full story

India's HDFC Bank fourth-quarter profit up 22.6 pct to record high

20/04 India's HDFC Bank Ltd reported a record quarterly net profit of 58.85 billion rupees ($848 million) on Saturday, meeting market expectations as the country's biggest lender by market value raked in higher interest and fee. . .  Full story

Libyan El Sharara oilfield pumps around 285,000 bpd -field engineer

20/04 Libya's El Sharara, the country's biggest, oilfield was producing around 285,000 barrels per day, a field engineer said on Friday.. . .  Full story

U.S. intelligence says Huawei funded by Chinese state security- report

20/04 U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West.. . .  Full story

Tesla to shrink board to seven directors from 11

20/04 Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.. . .  Full story

RPT-EXCLUSIVE-Tereos still searching for wider funding - sources

20/04 French sugar group Tereos is still working to find additional banks to spread risk on a 250 million euro ($281 million) loan secured earlier this year, two sources familiar with the matter said.. . .  Full story

EU's Juncker: there is still a risk of no-deal Brexit despite delay

20/04 There is a still a concern that Britain may leave the European Union without a deal to smooth the way, the bloc's chief executive said on Saturday, urging Britain to take advantage of a. . .  Full story

Qatar's sovereign fund, Crown Acquisitions named as investors in $5.6 bln New York deal

19/04 Qatar Investment Authority (QIA) and private realty firm Crown Acquisitions said on Friday they were the unnamed investors in a deal with Vornado Realty Trust valued at $5.56 billion that involves a portfolio of prime. . .  Full story

IMF gives Mozambique $118 million for Cyclone Idai rebuilding

19/04 The International Monetary Fund will grant Mozambique a $118.2 million credit facility to help it rebuild infrastructure after a devastating cyclone that killed hundreds of people and flattened whole villages, the lender said on Friday.. . .  Full story

Stories on Ukraine's presidential election which a comedian is set to win

19/04 Ukrainians fed up with entrenched corruption and hungry for change are likely to elect a comedian with no previous political experience as their next president in a run-off vote on Sunday.. . .  Full story

U.S. producers harmed by wooden cabinet imports from China - trade panel

19/04 The U.S. International Trade Commission said on Friday it had determined that imports of wooden cabinets from China are harming American producers, keeping alive a trade investigation that could lead to tariffs on the products.. . .  Full story

Will the Benettons use Alitalia to fly in from the cold?

19/04 Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favour with the government and secure the future of its own domestic business following a deadly bridge collapse. . .  Full story

U.S. homebuilding near two-year low; permits extend decline

19/04 U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates.. . .  Full story

Climate change protesters descend on France's SocGen, energy companies

19/04 Climate activists blocked thousands of employees from entering the headquarters of French bank Societe Generale, state-run utility EDF and oil giant Total on Friday, environmental group Greenpeace said.. . .  Full story

India's SpiceJet to give hiring preference to employees of Jet Airways - Chairman

19/04 India's SpiceJet Ltd said on Friday it will prioritize hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit Indian airline halted all flight operations indefinitely this week.. . .  Full story

Pakistan PM hints at further cabinet changes after "batting order" shuffle

19/04 Pakistani Prime Minister Imran Khan said on Friday that he would not hesitate to make more changes to his cabinet if required a day after a major reshuffle that saw the appointment of a. . .  Full story

Russian oil output at 11.24 mln bpd from April 1 to 18 - source

19/04 Russian oil production was around 11.24 million barrels per day (bpd) between April 1 and April 18, an industry source told Reuters on Friday.. . .  Full story

Russia taps rainy-day fund to pay oil firms back for lower fuel prices at home

19/04 Russia expects to use about 210 billion roubles ($3.3 billion) from its National Wealth Fund this year to pay back oil firms as part of a deal to keep down domestic gasoline and diesel. . .  Full story

Ukraine PrivatBank court ruling excludes parties related to ex-owners - cenbank

19/04 A Ukrainian court ruling that the nationalisation of the country's largest bank, PrivatBank, was illegal also said that parties related to the bank's former owners should be excluded from the legal case, the central. . .  Full story

Commodity firm Trafigura jumps into chemical trading with new JV

19/04 Global commodities house Trafigura Group said on Wednesday it is entering petrochemicals trading by teaming up with Houston-based Altis Group International to take advantage of an expanding sector.. . .  Full story

Angola's Sonangol plans to downsize to focus on core business

19/04 Angola's state oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part of an ongoing reorganisation and package of reforms designed to lure. . .  Full story

BP, SOCAR sign deal to build new Azeri oil exploration platform

19/04 Oil major BP and Azerbaijan's state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation's three major oilfields, BP-Azerbaijan said in a statement.. . .  Full story

Polish refiner PKN's Q1 net profit seen down 25 pct

19/04 Polish oil refiner PKN Orlen is expected to report a 25-percent drop in first-quarter net profit amid a weaker performance in its petrochemicals business, a. . .  Full story

-China will keep supporting economy as 'pressure' lingers - politburo

19/04 China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday.. . .  Full story

Dutch tulip forecast: brilliant, with a chance of tourists

19/04 As spring flower fields around the Netherlands burst into bloom, painting the countryside with dazzling swathes of red, white, and blue, a modern day tulip bubble may be forming: tourists.. . .  Full story

Nissan slams output cut report as 'completely incorrect'

19/04 Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this year was "completely incorrect" and that it had lodged a complaint with the business daily, in. . .  Full story

Italy's Eni signs exploration and production deal with Ras Al Khaimah emirate

19/04 Eni has signed an exploration and production sharing agreement with the emirate of Ras Al Khaimah, the Italian oil company's latest expansion in the Middle East.. . .  Full story

Scholz rules out new debt to stimulate Germany's slowing economy

19/04 Finance Minister Olaf Scholz ruled out taking on new debt to stimulate Germany's slowing economy and blamed anaemic growth this year on external factors like unresolved trade disputes and the risk of Britain. . .  Full story

China further relaxes rules for index futures trading

19/04 China's financial futures exchange said on Friday it was further relaxing index futures trading rules,reducing margin requirements,cutting fees and allowing more trading activities.. . .  Full story

Malaysia to revive multi-billion dollar project linked to China

19/04 Malaysia said on Friday it will revive a multi-billion dollar property project to be built by a China-linked venture, nearly two years after it was cancelled.. . .  Full story

Mir card payment system looks beyond Russia

19/04 After Western sanctions gutted Russia's financial system five years ago, a new bank card began appearing in the wallets of many Russians.. . .  Full story

China's politburo meets to discuss economic situation - Xinhua

19/04 A top decision-making body of China's ruling Communist Party met on Friday to discuss the current economic situation, the official Xinhua news agency reported.. . .  Full story

Total's output close to 2.95 million barrels of oil equivalent/day

19/04 French oil giant Total is producing close to 2.95 million barrels of oil equivalent per day, its chief executive Patrick Pouyanne said on Friday, slightly higher than its daily output last year.. . .  Full story

In the city of Gouda, Dutch cheesemakers worry about U.S. tariffs

19/04 Surrounded by 15-kg (33 lb) wheels of cheese ready to be carted away in horse-drawn carriages, a dairy farmer in the Dutch city of Gouda faces off against a cheese trader wearing traditional wooden. . .  Full story

Japan's Taiyo Life to increase foreign bond holdings, eyes euro debt

19/04 Japan's Taiyo Life Insurance plans to increase foreign bond holdings in the current financial year through March 2020, a senior executive told Reuters on Friday.. . .  Full story

Oil market likely to be well balanced in 2019, says Saudi energy adviser

19/04 Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be "well balanced" this year.. . .  Full story

Turkey pins hopes on Trump to avoid sanctions over Russia missile deal

19/04 Turkey's hopes of avoiding punishing U.S. sanctions over its purchase of a Russian air defence system appear increasingly pinned on intervention from Donald Trump, but the president has little leeway to counter Ankara's many critics. . .  Full story

Shanghai copper slips in thin trade, clocks weekly rise

19/04 Shanghai copper drifted lower on Friday as traders were away in Europe and parts of Asia for the Good Friday holiday, while the London Metal Exchange was closed. Copper on the. . .  Full story

Japan says it's ready to respond to market volatility during long holiday

19/04 Vice Finance Minister Masatsugu Asakawa said on Friday that the Japanese authorities stood ready to respond to any excessive market volatility during the upcoming long Japanese holiday.. . .  Full story

Japan's March factory output to shrink, BOJ seen keeping policy unchanged

19/04 Japan's March factory output is forecast to have slipped for the first time in two months, a Reuters poll showed on Friday, though the central bank is expected to stand pat on policy as. . .  Full story

China stocks rally to a near 13-month closing high

19/04 Chinese shares rallied on Friday afternoon in thin volumes from earlier profit-taking to end the day at a near 13-month closing high, with signs of an economic recovery in China contributing to a recent. . .  Full story

China to promote using wind energy to power heating

19/04 China on Friday said it would promote using energy generated by the wind to help power heating systems during the bitterly cold winters seen in many parts of the country.. . .  Full story

S.Korean stocks edge higher on bargain hunting; down 0.8 pct for week

19/04 Round-up of South Korean financial markets:. . .  Full story

Despite headwind, Japan's Nomura says intent on going it alone

19/04 Japan's Nomura Holdings has no plan to follow the lead of Wall Street rivals and seek a tie-up with a commercial lender, its chief executive told Reuters, pledging to stay independent even as the. . .  Full story

EXCLUSIVE-Banks shun Tereos attempt to secure wider funding - sources

19/04 An attempt by French sugar group Tereos to spread risk on a 250 million euro ($281 million) loan secured earlier this year has failed to attract bidders, leaving three main creditor banks with exposure,. . .  Full story

Thailand plans $630 mln in economic measures to boost growth - FinMin

19/04 Thailand will introduce economic measures worth about 20 billion baht ($629.52 million) to spur its slowing economy, the finance minister said on Friday.. . .  Full story

Japan officials quash speculation sales tax hike may be delayed

19/04 Japan's top government officials vowed on Friday to stick to a planned sales tax hike in October, barring a big economic shock, putting an end to speculation that it could be delayed again.. . .  Full story

Foreigners net buyers of Japanese stocks for 2nd week ending April 12

19/04 Foreigners were net buyers of Japanese stocks for a second consecutive week ended April 12, but concerns over U.S. tariffs on European Union and caution ahead of the domestic earnings season kept inflows in. . .  Full story

Nikkei posts 3rd weekly gain, Nintendo surges 14 pct

19/04 Japan's Nikkei rose on Friday as investors snapped up cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China.. . .  Full story

Premium New Zealand honey producer admits adding chemicals - media

19/04 A New Zealand company pleaded guilty on Thursday to charges of adding artificial chemicals to its premium manuka honey, media reported, in a flagship prosecution over a product that is high-value export for the country.. . .  Full story

China says Silk Road not geopolitical tool, understands concerns

19/04 China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government's top diplomat said. . .  Full story

Yuan inches up, but makes little headway for week despite upbeat China data

19/04 China's yuan inched up against the U.S. dollar at midday on Friday, steadying somewhat after the data-driven swings of the previous two sessions. The Chinese currency leapt on Wednesday after. . .  Full story

Chinese shares barely changed as investors take a breather

19/04 China's benchmark equity index inched lower on Friday, while blue-chips edged higher, as investors await clearer signs of a sustainable economic recovery and a resolution to a long-running trade war with the United States.. . .  Full story

Thai growth to be on track if next govt formed by chief

19/04 Thailand's economy is expected to grow 3.8 percent this year as forecast if the next government can be formed by June, the central bank governor said on Friday.. . .  Full story

Taiju Life to increase foreign-bond holdings by 350 bln yen in 2019/20

19/04 Taiju Life Insurance plans to increase its holdings of foreign bonds without currency hedges by about 350 billion yen ($3.1 billion) in the financial year to March 2020, Yoshiki Nakamura, head of investment planning. . .  Full story

JGB yields rise as BOJ trims debt purchase amount

19/04 Yields on long-dated Japanese government bonds rose on Friday after the Bank of Japan (BOJ) trimmed the amount of debt it offered to buy at a regular market operation.. . .  Full story

Fukushima owner to allow overseas staff to work on disaster cleanup

19/04 Tokyo Electric Power plans to allow overseas workers coming to Japan under a new visa programme to work on the cleanup of its wrecked Fukushima nuclear power station north of Tokyo, a spokeswoman said. . .  Full story

S.Korea steps up shift to cleaner energy, sets long-term renewable power targets

19/04 South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on Friday, over four. . .  Full story

Nikkei buoyed by cyclical stocks; Nintendo jumps 16 pct

19/04 Japan's Nikkei rose on Friday morning as Wall Street gains raised risk appetite and lifted cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China.. . .  Full story

Nintendo shares jump 17 percent after Tencent wins key China Switch sales approval

19/04 Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day after China's Tencent Holdings Ltd won a key approval to begin selling Nintendo's Switch console in the world's largest video. . .  Full story

S.Korea stocks rebound on brisk U.S. data

19/04 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rebounded on Friday after a loss in previous session, as. . .  Full story

Dollar steadies after upbeat U.S. data amid holiday-thin trade

19/04 The dollar steadied against a basket of currencies on Friday after hitting a 2-1/2-week high overnight as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing activity in. . .  Full story

Uber's self-driving unit valued at $7.25 bln in new investment

19/04 Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public. . .  Full story

Oil prices inch up on signs of tighter global supply

19/04 Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.. . .  Full story

China cenbank's maturing bills, repos next week

19/04 Maturing Chinese central bank reverse bond repurchase agreements will drain 300 billion yuan ($44.72 billion) next week. The People's Bank of China (PBOC) has drained 540 billion yuan on a net. . .  Full story

China cenbank weekly open market operations at a glance; PBOC drains 540 bln yuan YTD

19/04 The People's Bank of China (PBOC) has drained 540 billion yuan ($80.50 billion) on a net basis from money markets via open market operations (OMOs) so far this year.. . .  Full story

Asia Rice-India rates dip as demand slows, Bangladesh to review export ban

19/04 Asian rice exporting hubs saw tepid activity this week, with prices for the staple from top exporter India dipping on lower demand, while Bangladesh mulled a review of its ban on exports of the. . .  Full story

COLUMN-LME storage problems writ large in tiny tin market: Andy Home

19/04 Is the London Metal Exchange's (LME) physical storage function in danger of slipping into the shadows?. . .  Full story

COLUMN-U.S. economy hits soft patch, putting Fed on alert: Kemp

19/04 The U.S. economy hit a soft patch during the first three months of the year with manufacturing output up only slightly compared with the same period a year earlier and freight movements mostly down.. . .  Full story

U.S. wins WTO ruling against China grain import quotas

19/04 The United States won a World Trade Organization (WTO) ruling on Thursday against China's use of tariff-rate quotas for rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports.. . .  Full story

China says regrets WTO panel ruling on grain import quotas

19/04 China's Commerce Ministry said on Friday that it regrets a ruling by a World Trade Organization panel that its administration of tariff-rate quotas for rice, wheat and corn violated its accession commitments.. . .  Full story

Japan inflation edges higher but BOJ still in a bind

19/04 Japan's core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan's ambitious 2 percent target in a sign of rising pressure on the central bank.. . .  Full story

No precious market report on April 19

19/04 There will be no precious market report on Friday, April 19, as most markets are closed for the Good Friday holiday. Reuters will resume precious metals coverage on Monday, April 22.. . .  Full story

Muted markets raise questions about China's economic recovery

19/04 Investors were relieved this week when China's first-quarter economic data defied expectations for a further cooling in growth. Yet the subdued reaction in stock markets, especially in China, has called into question the durability of. . .  Full story

Shares in Brazilian card processors fall sharply after rival cuts interest rate for merchants

19/04 Shares of Brazilian card payment processors Cielo SA, PagSeguro Digital Ltd and StoneCo Ltd fell sharply on Thursday after rival Itaú Unibanco Holding SA's card-processing unit cut interest rates for small- and medium-sized merchants.. . .  Full story

Japan firms seek no exit from Britain, sales tax hike with more stimulus

19/04 Japanese firms with links to Britain say they have no immediate plan to leave the country as British government tries to hammer out terms of its exit from the European Union, a. . .  Full story

No Japanese companies plan to ditch UK as Brexit looms - survey

19/04 Japanese businesses with links to Britain say they have no immediate plans to flee the country as its government seeks to hammer out terms of its exit from the European Union, a Reuters poll. . .  Full story

Japanese firms want tax hike to proceed, but urge more stimulus to soften economic blow

19/04 More than 60 percent of Japanese companies want authorities to go ahead with a sales tax hike in October, but feel that additional government spending is needed to cushion the blow on the economy,. . .  Full story

Lebanese banks should play role in reducing deficit -finance minister

19/04 Lebanon's finance minister said on Thursday that Lebanese banks should play a role in reducing the state's budget deficit to complement measures planned by the government to rein in public spending.. . .  Full story

German market regulator lifts short sale ban on Wirecard

19/04 Germany's markets regulator Bafin on Friday said its two-month ban on short-selling shares of payments company Wirecard had expired.. . .  Full story

L Brands says hedge fund to withdraw board nominees after reaching agreement

19/04 L Brands said on Thursday activist investor Barington Capital has agreed to withdraw its proposed board nominees and instead will serve as a special adviser as part of an agreement with the company.. . .  Full story

New N.American trade deal modestly boosts U.S. economy, trade panel finds

19/04 The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S.. . .  Full story

Deferred hog futures set contract highs for fourth day on China demand

19/04 U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back.. . .  Full story

Tesla's Elon Musk, SEC get another week to work out deal on Twitter use

19/04 Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission will get another week to settle a dispute over Musk's use of Twitter, a federal judge ruled Thursday.. . .  Full story


18/04 North Korea said on Thursday it no longer wanted to deal with U.S. Secretary of State Mike Pompeo and that he should be replaced in talks by someone more mature, hours after it announced. . .  Full story

Tesla's Elon Musk, SEC ask court for another week to work out deal on Twitter use

18/04 Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission are seeking more time from a federal court to settle a dispute over Musk's use of Twitter, according to a court filing. . .  Full story

Soybeans turn higher after dropping to five-month low

18/04 U.S. soybean futures turned higher on Thursday after dropping to a five-month low on concerns about weak export demand and large harvests in South America.. . .  Full story

New N. American trade deal modestly boosts U.S. economy, trade panel finds

18/04 The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S.. . .  Full story

Pinterest, Zoom shares surge in market debuts after IPOs

18/04 Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion and signaling investor appetite for new tech listings.. . .  Full story

Brexit inertia means London's finance workers face summer slump

18/04 The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of. . .  Full story

Stocks mixed as strong U.S. retail sales offset weak European manufacturing data

18/04 A gauge of global stocks fell on Thursday after underwhelming manufacturing surveys from Asia and Europe, though it pared losses as Wall Street edged higher on strong U.S. retail sales data and earnings from. . .  Full story

Wall St closes slightly higher, industrials lead

18/04 Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust U.S. economic data and some healthy corporate earnings reports.. . .  Full story

Canada extends deadline for Trans Mountain pipeline decision to June 18

18/04 Canada has extended the deadline for a decision on whether to push forward with the expansion of the Trans Mountain oil pipeline to June 18 from mid-May, the government said on Thursday.. . .  Full story

Union Pacific operational overhaul gains traction, shares rise

18/04 U.S. railroad operator Union Pacific Corp on Thursday reported a better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.. . .  Full story

Oil prices inch up on signs of tightening global supply

18/04 Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.. . .  Full story