News
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France will not give up on World Bank climate goals, minister says
French minister supports World Bank devoting 45% of lending to climate goalsCaroit disagrees with Bessent on climate approach, says she can work with himClimate issues to feature in France's G7 presidency in 2026, minister saysBy David Lawder WASHINGTON, Oct 17 (Reuters) - France will keep pr...Reuters
Fri, Oct 17
Apollo-backed Aeroméxico seeks up to $2.9 billion valuation in US IPO
Apollo, Delta back Mexican full-service carrier Aeroméxico set to return to public markets after over two yearsLegacy airline emerged from bankruptcy in 2022 Oct 17 (Reuters) - Grupo Aeroméxico said on Friday it was targeting a valuation of up to $2.92 billion in its U.S. initial public offering...Reuters
Fri, Oct 17
ICE canola ends down as harvest progresses
Oct 17 (Reuters) - ICE canola futures settled down as the canola harvest in Canada's prairies came to an end. ICE November canola RSX5 settled down $1.40 at $616.20 per metric ton and most-active January canola RSF6 ended down $1.20 at $630.30 a ton. The canola harvest is nearly finished in Cana...Reuters
Fri, Oct 17
US to furlough workers at nuclear weapons agency due shutdown
1,400 furloughs start by Monday, 400 will remainEnergy secretary says will affect weapons modernization programWorkers on emergency services to remainShutdown is on 17th dayBy Timothy Gardner WASHINGTON, Oct 17 (Reuters) - The Trump administration by Monday will furlough about 1,400 workers at th...Reuters
Fri, Oct 17
LIVESTOCK-Cattle tumble after Trump vows to lower beef prices
By Karl Plume CHICAGO, Oct 17 (Reuters) - Chicago Mercantile Exchange live cattle futures tumbled on Friday and feeder cattle contracts plunged by their daily trading limits after U.S. President Donald Trump said his administration was working to lower beef prices, analysts said.Both markets scal...Reuters
Fri, Oct 17
CANADA-CRUDE-Discount on Western Canada Select widens
Oct 17 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Friday. WCS for November delivery in Hardisty, Alberta, settled at $10.90 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesday&...Reuters
Fri, Oct 17
New York judge says Venezuela's PDVSA must pay $2.86 billion to bondholders
Oct 17 (Reuters) - A New York judge who last month confirmed the validity of defaulted Venezuelan bonds ruled on Friday that Venezuela's state oil firm PDVSA must pay $2.86 billion to the bondholders, according to a court filing.The bonds are collateralized with equity in Citgo, PDVSA's Hous...Reuters
Fri, Oct 17
Med crude-Urals diffs stable amid market uncertainty
MOSCOW, Oct 17 (Reuters) - Urals crude differentials to dated Brent remained unchanged as rising uncertainty about the future of Russian oil supply slowed down the trade.U.S. President Donald Trump said again on Friday that India was not going to buy Russian oil anymore.U.S. and European pressure on...Reuters
Fri, Oct 17
US courts set to run out of money, begin furloughs as shutdown lingers
Federal judiciary to begin furloughs MondayCivil litigation delays mount, but Trump-related cases proceedFunding shortfall hits judiciary harder than during last government shutdownBy Nate Raymond Oct 17 (Reuters) - The U.S. federal court system starting on Monday will begin curtailing non-essent...Reuters
Fri, Oct 17
GRAINS-Corn, soybeans rise on US yield uncertainty, firming cash markets
By Karl Plume CHICAGO, Oct 17 (Reuters) - U.S. corn futures extended gains into a fourth session on Friday and posted the first weekly rise in a month as slow farmer sales of newly harvested grain and reports of lower-than-expected harvest yields supported the market.Soybeans rose as domestic dem...Reuters
Fri, Oct 17
Oil set for weekly loss as global conflicts ease, signs of glut emerge
Oil prices set for weekly loss, IEA forecasts rising glutTrump and Putin plan summit on Ukraine, cease-fire halts fighting in GazaConcerns mount over economic slowdown, lower energy demandBy Erwin Seba HOUSTON, Oct 17 (Reuters) - Oil prices managed small gains on Friday but were headed for a week...Reuters
Fri, Oct 17
CBOT wheat firms, ends higher for the week on bargain buying
CHICAGO, Oct 17 (Reuters) - Chicago Board of Trade wheat futures firmed on Friday and registered the first weekly gain in five weeks on short covering and bargain buying after a recent drop to five-year lows.Ample global supplies kept a lid on gains, although low prices have attracted improved buyin...Reuters
Fri, Oct 17
CBOT soybeans rise on firm cash markets, strong crush demand
CHICAGO, Oct 17 (Reuters) - Chicago Board of Trade soybean futures rose for a third straight day on Friday and notched the strongest weekly gain in five weeks on firm cash markets and limited farmer sales of newly harvested crops.Hopes for advances in U.S.-China trade talks further supported the mar...Reuters
Fri, Oct 17
US Cash Crude-Grades slip on weakened refinery demand
Oct 17 (Reuters) - Grades broadly rose on Friday, dealers said, as refinery demand weakened. A fire at BP's BP.L 440,000 barrel-per-day oil refinery in Whiting, Indiana, was extinguished on Friday morning, the company said.Reuters earlier reported multiple units were offline, according to t...Reuters
Fri, Oct 17
EXCLUSIVE-Venture Global held talks with Ukraine to provide it with more LNG, sources say
By Curtis Williams and Dmitry Zhdannikov HOUSTON, Oct 17 (Reuters) - Venture Global VG.N has held talks with Ukraine to sell it additional cargoes of liquefied natural gas from its Plaquemines LNG plant in Louisiana as the winter approaches amid Russian attacks on its infrastructure, three people...Reuters
Fri, Oct 17
US Cash Grains-Corn and soy basis firms at multiple locations
CHICAGO, Oct 17 (Reuters) - Corn and soybean basis bids were steady to higher at elevators, processors and ethanol plants in the U.S. Midwest on Friday as the harvest progressed, a spot check of locations showed. Showers crossing portions of the Midwest in the next 1-5 days are expected to cause few...Reuters
Fri, Oct 17
US to furlough workers at nuclear weapons agency due shutdown
By Timothy Gardner WASHINGTON, Oct 17 (Reuters) - The Trump administration next week will begin to furlough workers at the agency that manages the U.S. nuclear weapons arsenal due to the government shutdown, Energy Secretary Chris Wright said on Friday. Wright said in a post on X that the furloug...Reuters
Fri, Oct 17
California takes action against plastic bag makers over recycling claims
California sues three plastic bag makers over false recycling claimsSettlement reached with four companies, halting bag sales and $1.8M paymentInvestigation initiated by Bonta after commission's request to tackle plastic pollutionSettlement includes halting sales of plastic bags in CaliforniaBy ...Reuters
Fri, Oct 17
