Reuters

By Robert Harvey and Arathy Somasekhar

LONDON/HOUSTON (Reuters) - Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.

Prolonged OPEC supply cuts and international sanctions on Venezuela, Iran and Russia had already led... (continue reading...)

(Reuters) - Iran has released the crew of a seized Portuguese-flagged ship linked to Israel, but remains in control of the vessel itself, Foreign Minister Hossein Amirabdollahian said.

Iran's Revolutionary Guards seized the container ship MSC Aries, with a crew of 25, in the Strait of Hormuz on April 13, days after Tehran vowed to retaliate for a suspected Israeli strike on its consulate in Damascus. Iran had said it could close the crucial shipping... (continue reading...)

By Faith Hung

TAIPEI (Reuters) - Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned fickle and volatile.

The rush into exchange-traded funds (ETFs) has changed the ownership structure of a $2 trillion dollar market that sits at a geopolitical flashpoint.

Regulators and... (continue reading...)

(Reuters) -Germany's Daimler Truck AG posted first-quarter core profit of 1.21 billion euros ($1.30 billion) on Friday, beating the consensus estimate of 1.17 billion euros in a company poll, driven by a strong performance of its Trucks North America business.

First-quarter core profit (adjusted earnings before interest and taxes) at Daimler Truck's North American business rose 7% year-on-year in the first quarter compared to 4% across Daimler Truck as a... (continue reading...)

(Reuters) - Germany's Daimler Truck AG posted first-quarter core profit of 1.21 billion euros ($1.30 billion) on Friday, beating the consensus estimate of 1.17 billion euros in a company poll, driven by a strong performance of its Trucks North America business.

First-quarter core profit (adjusted earnings before interest and taxes) at Daimler Truck's North American business rose 7% year-on-year in the first quarter compared to 4% across Daimler Truck... (continue reading...)