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EU to halve steel import quotas to preserve domestic industry
EU seeks to push plant capacity usage to more viable 80%Tariff-free import quotas to be 47% lower than in 2024EU steel sector welcomes move, UK expresses concernEU open to ring-fencing steel sector with like-minded partnersBy Philip Blenkinsop BRUSSELS, Oct 7 (Reuters) - The European Commission p...Reuters
Tue, Oct 7
Tyson, Cargill to pay $88 million to consumers in beef price-fixing lawsuit
By Mike Scarcella Oct 7 (Reuters) - Tyson Foods TSN.N and Cargill have agreed to pay a combined $87.5 million to settle a federal lawsuit brought by consumers who accused the companies of conspiring to inflate U.S. beef prices by restricting supply.The preliminary class action settlements were fi...Reuters
Tue, Oct 7
Chile mining regulator says investigation into fatal mine collapse will take months
SANTIAGO, Oct 7 (Reuters) - The head of Chile's Sernageomin mining regulator said on Tuesday that the investigation into the fatal mine collapse in El Teniente would likely take months to finalize."Due to the complexity of the accident it's had to determine an exact date," Andres Leo...Reuters
Tue, Oct 7
Trump says he’ll discuss lowering tariffs with Canada’s Mark Carney
WASHINGTON, Oct 7 (Reuters) - U.S. President Donald Trump said on Tuesday that he will discuss lowering tariffs on key Canadian sectors in talks with Canadian Prime Minister Mark Carney, as part of efforts to ease trade tensions between Washington and Ottawa.Reuters
Tue, Oct 7
Chobani urges end to Dannon parent's cold-brew coffee lawsuit
By Jonathan Stempel NEW YORK, Oct 7 (Reuters) - Chobani urged a federal judge to dismiss a lawsuit by Danone, the parent of rival U.S. yogurt brand Dannon, claiming it copied packaging and the "Bright & Mellow" slogan for a competing line of ready-to-drink cold brew coffee.Danone DANO...Reuters
Tue, Oct 7
Funds investing in gold miners bask in record prices
By Patturaja Murugaboopathy Oct 7 (Reuters) - Mutual funds that invest in gold mining firms are leading 2025 performance, overtaking even high-flying AI and tech funds, as investors bet record gold prices will drive strong margins, cashflows and shareholder returns. According to LSEG Lipper d...Reuters
Tue, Oct 7
UK seeks clarification from European Commision on steel quotas impact
LONDON, Oct 7 (Reuters) - Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission on Tuesday.“We will always defend our critical steel industry which is why we are pushing the European Commission for urgent clarification of the impact of this move...Reuters
Tue, Oct 7
EU to halve steel import quotas to revive domestic industry
BRUSSELS, Oct 7 (Reuters) - The European Commission proposed on Tuesday cutting tariff-free steel import quotas by almost half and a 50% duty for excess shipments in a bid to preserve viable steelmaking in the European Union.Due to rising imports and U.S. tariffs, EU steel producers are operating at...Reuters
Tue, Oct 7
Chevron shakes up exploration with new hire from TotalEnergies
By Sheila Dang HOUSTON, Oct 7 (Reuters) - Chevron CVX.N on Tuesday named a new head of global exploration as CEO Mike Wirth works to improve the company's track record in discovering new sources of oil and gas. Kevin McLachlan will become vice president of exploration effective Nov. 1, su...Reuters
Tue, Oct 7
SOFTS-London cocoa hits 1-1/2 year low, coffee also down
LONDON, Oct 7 (Reuters) - London cocoa futures on ICE hit their lowest in more than 1-1/2 years on Tuesday, with supplies boosted by newly harvested crops from West Africa, while demand remained weak. COCOA* London cocoa LCCc2 fell 2.1% to 4,310 pounds per metric ton at 1439 GMT, after hi...Reuters
Tue, Oct 7
StoneX and Expana to launch OTC dairy derivatives
PARIS, Oct 7 (Reuters) - Commodity broker StoneX has partnered with price reporting agency Expana to launch over-the-counter dairy contracts based on Expana's European dairy price benchmarks, the companies said on Tuesday.The initial contracts will cover fat-filled milk powder and high-protein w...Reuters
Tue, Oct 7
Chobani urges end to Dannon parent's cold-brew coffee lawsuit
By Jonathan Stempel NEW YORK, Oct 7 (Reuters) - Chobani urged a U.S. judge to dismiss a lawsuit by Danone, the parent of rival U.S. yogurt brand Dannon, claiming it copied the packaging and "Bright & Mellow" slogan for a competing line of ready-to-drink cold brew coffee.Danone DANO.PA...Reuters
Tue, Oct 7
Not in Poland's interest to give Germany Nord Stream suspect, Tusk says
WARSAW, Oct 7 (Reuters) - It is not in Poland's interest to hand over a Ukrainian man wanted by Germany for suspected involvement in explosions which damaged the Nord Stream gas pipelines, the Polish prime minister said on Tuesday. Donald Tusk said that ultimately it was for the court t...Reuters
Tue, Oct 7
Brazil sets $1.9 billion minimum for pre-salt fields auction
RIO DE JANEIRO, Oct 7 (Reuters) - Brazil's government has set a minimum total payment of 10.2 billion reais ($1.91 billion) for an upcoming auction offering stakes in three pre-salt oil fields already in production but not yet contracted, state-run firm Pre-Sal Petroleo (PPSA) said.The auction, ...Reuters
Tue, Oct 7
EU proposes out-of-quota duty of 50% for imported steel, Sejourne says
BRUSSELS, Oct 7 (Reuters) - The European Commission proposes an out-of-quota duty of 50% for imported steel, EU Commissioner Stephane Sejourne said on Tuesday."This is the new safeguard clause on steel. This is the reindustrialization of Europe.", Sejourne said in a post on X.Reuters
Tue, Oct 7
U.S. propane inventories well stocked heading into winter heating season, EIA says
Oct 7 (Reuters) - The U.S. is well stocked with propane heading into the winter, the U.S. Energy Information Administration said on Tuesday.For the week ending September 26, U.S. propane inventory was 103 million barrels, about 13 million barrels more than the previous five-year average for this tim...Reuters
Tue, Oct 7
Global renewable power output overtakes coal for the first time, report says
By Susanna Twidale LONDON, Oct 7 (Reuters) - Renewable energy sources generated more electricity than coal globally for the first time in the first half of 2025, driven by rapid growth in China and India, a report by think tank Ember showed on Tuesday.Curbing coal power generation, which emits ar...Reuters
Tue, Oct 7
US natural gas prices edge up 1% on daily output drop
Pipeline constraints keep Waha Hub prices negativeAmple storage and mild weather forecast limit demandLower 48 states see drop in gas output, LSEG reportsBy Scott DiSavino Oct 7 (Reuters) - U.S. natural gas futures edged up about 1% on Tuesday on a decline in daily output.That increase came despi...Reuters
Tue, Oct 7
