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PRECIOUS-Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters
Gold hits record high of $4,179.48/ozTrump on track to meet Xi in South Korea, Bessent saysSilver hits record high of $53.60/ozBy Sherin Elizabeth Varghese and Pablo Sinha Oct 14 (Reuters) - Gold notched a fresh record high above the $4,100 level on Tuesday, lifted by expectations of a rate cut ...Reuters
Tue, Oct 14
US Cash Grains-Corn basis steady-weaker at elevators and river terminals
CHICAGO, Oct 14 (Reuters) - Basis bids for corn weakened at elevators and river terminals in the U.S. Midwest on Tuesday as the corn harvest continued with limited weather interruptions.The corn basis lost 3 cents at an elevator in Cincinnati, Ohio.It fell by 1 cent at a river terminal in Seneca, Il...Reuters
Tue, Oct 14
Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger
Deal to create second-largest US public timber and wood company Trump tariffs on imported timber, lumber should help, say CEOsRayonier, PotlatchDeltic shares fall on news of mergerBy Sabrina Valle and Katha KaliaOct 14 (Reuters) - U.S. land managers Rayonier RYN.N and PotlatchDeltic PCH.O said they...Reuters
Tue, Oct 14
US tariffs on China on Nov 1 depend on Beijing's actions, USTR Greer tells CNBC
USTR says US, China met for staff-level talks in Washington New US duties on Chinese imports to start November 1 or sooner, trade chief saysTrump, Xi meeting still on schedule, Greer saysBy Andrea Shalal, David Lawder and Jasper Ward WASHINGTON, Oct 14 (Reuters) - U.S. Trade Representative Jamies...Reuters
Tue, Oct 14
Oil bosses expect market surplus to shrink over time
Oil market to weaken before recovering next year, trading bosses sayOil prices could be $62-66.50 in a year's time, trading houses sayProduction declines, robust demand will support market in the medium term, majors sayBy Robert Harvey LONDON, Oct 14 (Reuters) - The global oil market is set t...Reuters
Tue, Oct 14
Euronext wheat higher on Chicago bounce, export hopes
PARIS, Oct 14 (Reuters) - Euronext wheat edged up on Tuesday as Chicago futures bounced off a five-year low while competitive prices in Western Europe raised hopes of fresh export demand, traders said.December wheat BL2Z5 on Euronext's futures market settled 0.8% up at 190.50 euros ($221.19) a m...Reuters
Tue, Oct 14
Ethiopia's debt restructuring hits impasse, bondholders eye legal action
Restricted talks period ends without a restructuring dealEthiopia hopes for talks resumption, bondholders disappointedBond slides by more than a cent after the newsCritics says Common Framework is not efficient By Duncan Miriri, George Obulutsa and Marc Jones NAIROBI, Oct 14 (Reuters) - Ethiopia ...Reuters
Tue, Oct 14
PRECIOUS-Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters
Gold hits record high of $4,179.48/ozTrump on track to meet Xi in South Korea, Bessent saysSilver hits record high of $53.60/ozBy Sherin Elizabeth Varghese and Pablo Sinha Oct 14 (Reuters) - Gold notched a fresh record high above the $4,100 level on Tuesday, lifted by expectations of a rate cut ...Reuters
Tue, Oct 14
Europe Gasoline/Naphtha-Gasoline cracks hold steady
LONDON, Oct 14 (Reuters) - Northwest European gasoline profit margins gained around 5 cents to $16.77 a barrel on Tuesday.A total of 5,000 metric tons of Eurobob E5 barges traded, with BP selling to TotalEnergies, Gunvor and Trafigura. No Eurobob E10 barges traded on Tuesday. Strong gasoline and die...Reuters
Tue, Oct 14
Chinese airlines oppose Trump plan to stop flying over Russia on US routes
WASHINGTON, Oct 14 (Reuters) - Major Chinese airlines on Tuesday urged the Trump administration to abandon a plan to bar them from flying over Russia on U.S. flights, saying it would boost flight times, raise air fares and could disrupt some routes.On Thursday, the U.S. Transportation Department pro...Reuters
Tue, Oct 14
GRAINS-Wheat plummets to five-year low as Russian exports increase
Wheat recovers after falling to 5-year lowSoy down as traders weigh potential for U.S.-China trade dealCorn choppy amid harvest pressureBy Heather Schlitz CHICAGO, Oct 14 (Reuters) - Chicago Board of Trade wheat futures fell to a five-year low on Tuesday on abundant global supplies before recover...Reuters
Tue, Oct 14
GM to take $1.6 billion charge as tax credit blow muddies EV plans
GM's $1.6 billion charge linked to EV capacity adjustmentsGM may incur further charges due to capacity reassessmentAutomaker expects EV adoption to slowBy Utkarsh Shetti Oct 14 (Reuters) - General Motors GM.N said on Tuesday it would take a $1.6 billion charge in the third quarter as it resha...Reuters
Tue, Oct 14
US tariffs on China on Nov 1 depend on Beijing's actions, USTR Greer tells CNBC
WASHINGTON, Oct 14 (Reuters) - U.S. Trade Representative Jamieson Greer said it's up to China whether additional 100% tariffs on its exports to the United States kick in on November 1 or sooner, but said it might be difficult for Beijing to find an off ramp.Greer told CNBC that U.S. and Chinese ...Reuters
Tue, Oct 14
Fire at Brazil power substation causes blackout across several states
SAO PAULO/RIO DE JANEIRO, Oct 14 (Reuters) - A fire at an energy substation owned by Brazilian firm Eletrobras ELET3.SA led to a power outage across several parts of Brazil in the early hours Tuesday, officials said, with a total shutdown of around 10,000 megawatts (MW) of load and more than 1 milli...Reuters
Tue, Oct 14
PRECIOUS-Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters
Gold hits record high of $4,179.48/ozTrump on track to meet Xi in South Korea, Bessent saysFed Chair Powell to address NABE annual meeting at 12:20 p.m. ETSilver hits record high of $53.60/ozBy Sherin Elizabeth Varghese and Pablo Sinha Oct 14 (Reuters) - Gold notched a fresh record high above th...Reuters
Tue, Oct 14
China's rare earth curbs put Europe's auto industry at risk, Italian lobby says
MILAN, Oct 14 (Reuters) - Expected new Chinese curbs on rare earth metal exports could have a significant impact on the European auto industry, the head of Italian auto part maker lobby ANFIA said on Tuesday, as reserves of those materials are low.Despite an agreement in July aimed at fast-tracking ...Reuters
Tue, Oct 14
Fed's Bowman expects two more interest rate cuts this year
Oct 14 (Reuters) - Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will deliver interest rate cuts at its final two policy meetings of 2025.“I continue to see two more cuts before the end of this year,” Bowman said at an event in Washin...Reuters
Tue, Oct 14
PRECIOUS-Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters
Gold hits record high of $4,179.48/ozTrump on track to meet Xi in South Korea, Bessent saysFed Chair Powell to address NABE annual meeting at 12:20 p.m. ETSilver hits record high of $53.60/ozBy Sherin Elizabeth Varghese and Pablo Sinha Oct 14 (Reuters) - Gold notched a fresh record high above th...Reuters
Tue, Oct 14
Industrial machinery manufacturer ETC reports 20.5% rise in Q2 sales
OverviewETC fiscal Q2 net sales rise 20.5%, driven by ATS and Sterilizer SystemsNet income for fiscal Q2 falls due to higher non-cash tax expenseOperating income for fiscal Q2 increases 26% despite lower gross profit marginOutlookCompany did not provide specific guidance for future quarters or full ...Reuters
Tue, Oct 14
