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Asia Distillates-Margins hover at 1 1/2-yr highs on robust market fundamentals
Asia's diesel market performance was robust through the week, supported by expectations of firm November supply-demand fundamentals, while refining margins GO10SGCKMc1 rose back to slightly more than 1 1/2-year highs of $23 a barrel.
Fri, Oct 24
GRAINS-Chicago soybeans set for best weekly gain in 10 on trade optimism
Chicago soybean futures retreated on Friday from a one-month high as crude oil prices dropped, but remained on track for their biggest weekly gain in 10 weeks on hopes of renewed trade talks with top buyer China.
Fri, Oct 24
Fiery setback not enough to knock Ford out of cruise control
Ford Motor F.N cut its profit forecast on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through year-end
Fri, Oct 24
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Procter & Gamble up after beating estimates on resilient demand for beauty, hair care products
Shares of consumer goods bellwether Procter & Gamblerise about 3% to $155.34 premarket
Fri, Oct 24
Japan's Kirin looks to sell Kentucky bourbon brand for $1 billion, FT reports
Oct 24 (Reuters) - Japanese brewer Kirin 2503.T has put its Kentucky bourbon brand Four Roses up for sale for $1 billion, the Financial Times reported on Friday, citing people familiar with the matter.The company has been working with advisers from UBS UBSG.S to weigh interest from potential buyers ...
Fri, Oct 24
Japan's Nikkei rises on tech boost, set for eighth weekly gain in nine
TOKYO, Oct 24 (Reuters) - Japan's Nikkei share average rose more than 1% on Friday, driven by index heavyweight tech stocks, and was poised for an eighth weekly gain in nine on expectations for fiscal dove Sanae Takaichi's new government.
Fri, Oct 24
China-linked battery company abandons plan to build Michigan plant, state says
WASHINGTON, Oct 23 (Reuters) - A subsidiary of Chinese battery company Gotion has abandoned a plan to build a $2.4 billion plant in Michigan to produce key materials for electric vehicle batteries, the state said on Thursday.
Fri, Oct 24
Reliance may take 4% hit on earnings if India shifts away from Russian oil, Morgan Stanley says
Morgan Stanley says if India shifts from Russian crude after U.S. sanctions, Reliance RELI.NS earnings could fall about 4% in FY27
Fri, Oct 24
Japan's new premier pledges early boost to defence spending, 'proactive' fiscal moves
TOKYO, Oct 24 (Reuters) - Japan's new Prime Minister Sanae Takaichi pledged on Friday to accelerate a defence spending target by two years, as her government pursues proactive fiscal expansion on strategic priorities.
Fri, Oct 24
Trump pardons convicted Binance founder 'CZ' Zhao
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange, the White House said Thursday, in the latest move by Trump to boost the crypto industry and expunge its past misdeeds.
Fri, Oct 24
Intel beats third-quarter profit estimates as cost cuts, investments pay off
Oct 23 (Reuters) - Intel INTC.O beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.
Fri, Oct 24
Anthropic to use Google's AI chips worth tens of billions to train Claude chatbot
Oct 23 (Reuters) - Anthropic is expanding its deal with Google to use as many as one million of the tech giant's artificial intelligence chips, worth tens of billions of dollars, as the startup races to advance its AI systems in the competitive market.Under the deal announced on Thursday, Anthro...
Fri, Oct 24
EU vows financial backing for Kyiv, holds off on frozen assets plan
BRUSSELS, Oct 23 (Reuters) - European Union leaders agreed on Thursday to meet Ukraine's "pressing financial needs" for the next two years but stopped short of endorsing a plan to use frozen Russian assets to fund a giant loan to Kyiv due to concerns raised by Belgium.
Fri, Oct 24
Putin defiant after Trump sanctions Russian oil companies over Ukraine
MOSCOW, Oct 23 (Reuters) - Russian President Vladimir Putin remained defiant on Thursday after U.S. President Donald Trump hit Russia's two biggest oil companies with sanctions to pressure the Kremlin leader to end the war in Ukraine, a move that pushed global oil prices up 5%.
Fri, Oct 24
Trump to meet Xi in South Korea as part of Asia swing
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump will meet Chinese President Xi Jinping next week as part of a trip to Asia, the White House said on Thursday, confirming the meeting which had been called into question following an escalation in trade tensions. White House press secretary K
Fri, Oct 24
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UK consumer sentiment rises to joint-highest since August 2024
LONDON, Oct 24 (Reuters) - British consumer sentiment rose in October to its joint-highest level since August 2024 as shoppers took advantage of sales promotions from Amazon and other retailers, figures from market research company GfK showed on Friday.GfK's monthly consumer sen...
Fri, Oct 24
Europe's STOXX 600 closes at record high on energy boost, earnings in focus
Energy stocks rise as US sanctions Russian suppliersLuxury stocks gain, travel and leisure stocks decline50% of STOXX 600 earnings beat estimates, below typical quarterBy Sukriti Gupta and Johann M Cherian Oct 23 (Reuters) - The STOXX 600 index closed at a record high on Thursday, led by gain...
Thu, Oct 23
Trump to quadruple Argentine beef imports while US ranchers fume
Plan angers U.S. ranchers fearing impact on domestic industryUSDA hopes to expand domestic cattle herd from 75-year lowAnalysts doubt significant consumer price drop from increased importsBy Jeff Mason, Tom Polansek and Leah Douglas WASHINGTON/CHICAGO, Oct 23 (Reuters) - U.S. President Donald Tru...
Thu, Oct 23
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Blackstone teases deal flow, record assets as profit beats estimates
Profit jumped 48% to $1.89 billion, beating estimatesBlackstone sold $30 billion in investments, doubled PE earningsCredit and insurance arm drives inflows, boosts Shares fall 5%, extending year's lossesBy Arasu Kannagi Basil and Isla Binnie Oct 23 (Reuters) - Blackstone's BX.N pipeline f...
Thu, Oct 23
India poised to sharply cut Russian oil imports after sanctions, sources say
U.S. imposes sanctions on Russian producers Rosneft, LukoilIndia is biggest buyer of seaborne Russian oil since Ukraine warRussian oil purchases a key Trump irritant in India trade talks Reliance plans to halt imports under Rosneft deal - sources By Nidhi Verma NEW DELHI, Oct 23 (Reuters) - India...
Thu, Oct 23
