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Activist Ancora drops U.S. Steel campaign after Trump orders review of Nippon Steel bid

By Svea Herbst-Bayliss and Rishabh Jaiswal (Reuters) -Investment firm Ancora Holdings on Wednesday walked away from a bitter board room fight with U.S. Steel, days after President Donald Trump signalled the iconic American company might be taken over by a Japanese rival after all. Ancora, which owns roughly 1% of U.S. Steel, in January mounted …

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US open to ‘comprehensive’ EU talks, Irish minister says after Lutnick meeting

DUBLIN (Reuters) – The United States appears open to comprehensive negotiations with the European Union to address a broad range of issues, Irish Trade Minister Simon Harris said after a meeting with U.S. Commerce Secretary Howard Lutnick on Wednesday. “I conveyed our commitment through the EU to comprehensive negotiations that would address a broad range …

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Trump says 90-day pause is for countries that didn’t retaliate

WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday said he had decided to pause reciprocal tariffs for 90 days for those countries that didn’t retaliate, while increasing tariffs on China, which announced further retaliatory tariffs. He acknowledged that people were getting “a little bit afraid” about the tariffs and were “jumping a bit out …

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Only Trump can decide on U.S. troop moves in Europe, US defense secretary says

PANAMA CITY (Reuters) – Only President Donald Trump will make decisions about the future of U.S. troops in Europe, U.S. Defense Secretary Pete Hegseth said on Wednesday, when asked if he would keep troop levels at their current levels. “The only person that will make a determination about force structure of U.S. troops in Europe …

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G7 excluding US discussed their stance on Trump tariffs, Italy says

ROME (Reuters) – The Group of Seven countries, with the exception of the United States, discussed how to respond to U.S. President Donald Trump’s announcement last week of sweeping tariffs, Italy’s economy minister said on Wednesday. “Within the G7 all of us outside the U.S. spoke to try to calm the situation and find a …

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Analysis-US refiners unlikely to spend big to process more domestic oil

By Arathy Somasekhar U.S. refiners are not planning to make big-ticket investments to process more domestic crude and less oil from top suppliers Canada and Mexico, industry sources and analysts said, an obstacle to President Trump’s plan to boost oil output. Trump’s pledge to unleash U.S. energy production and lower prices for consumers has focused …

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Factbox-The Keystone pipeline’s history of spills

By Amanda Stephenson TORONTO (Reuters) – The approximately 600,000-bpd Keystone oil pipeline from Canada to the United States remained shut down Wednesday after an oil spill near Fort Ransom, North Dakota, on Tuesday released an estimated 3,500 barrels of oil. The latest spill comes two years after the U.S. Pipeline and Hazardous Materials Safety Administration …

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US issues new sanctions on Iran as Trump seeks talks

WASHINGTON (Reuters) -The United States issued fresh sanctions targeting Iran on Wednesday, the Treasury Department said, two days after President Donald Trump announced the U.S. planned direct talks with Tehran over its nuclear program. The U.S. Treasury Department in a statement said it imposed sanctions on five Iran-based entities and one person based in Iran …

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