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Oil slips on US growth worries, ample crude supply Jun 12, 2024 08:50PM

By Georgina McCartney

(Reuters) - Oil prices fell in early trade on Wednesday as investors digested news that the U.S. Federal Reserve has opted against cutting interest rates in the near future, while ample U.S. crude and fuel stocks further weighed on the market.

Brent crude futures lost 14 cents, or 0.17%, to $82.46 a barrel at 0039 GMT, and U.S. West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.2%, to hit $78.34. Both... (continue reading...)


China hopes EU will reconsider EV tariffs, state media reports Jun 12, 2024 08:14PM

HONG KONG (Reuters) - China hopes the European Union will seriously reconsider tariffs for Chinese EVs and stop going further in the "wrong direction", according to a commentary in state-backed news Xinhua.

The statement comes after the European Commission said on Wednesday it will impose extra duties of up to 38.1% on imported Chinese electric cars from July.

China has said it would take measures to safeguard its interests.

... (continue reading...)
U.S. East Coast port union strike threat to test shippers' nerves Jun 12, 2024 08:12PM

(Reuters) - - Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other shippers already grappling with longer transit times and higher costs.

The International Longshoremen's Association contract covering 45,000 dockworkers at three dozen ports stretching from Maine to Texas expires on Sept. 30. If there is no deal by then, the union could call a strike that would hit during the vital... (continue reading...)


Boeing tells DOJ it did not violate deal after 737 MAX crashes, source says Jun 12, 2024 07:55PM

(Reuters) - Boeing told the U.S. Justice Department it did not violate a deferred prosecution agreement after fatal crashes involving the 737 MAX, a source familiar with the matter told Reuters on Wednesday.

The U.S. planemaker was responding to a Justice Department determination in May that Boeing violated a 2021 deferred prosecution agreement (DPA). The DPA had shielded the company from a criminal charge arising from fatal crashes in 2018 and... (continue reading...)


Older Arizona voters strongly favor Trump over Biden in AARP poll Jun 12, 2024 07:52PM

WASHINGTON (Reuters) -Voters over age 50 in the key battleground state of Arizona strongly favor Donald Trump in November's election rematch, a new poll from the U.S.'s largest organization for older Americans shows, highlighting a potential new weakness in Democrat Joe Biden's support.

Arizona voters overall favor Republican Trump over Biden by 45% to 37%, with 11% of support going to independent candidate Robert F. Kennedy Jr., the American Association... (continue reading...)


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