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UN shipping emissions deal to pit US against EU-led bloc
IMO to meet Oct 14-17 to decide on formal adoption of carbon levyUS threatens retaliation against countries backing measurePreliminary deal reached in April after US pulled out of talksLevy could collect $11 billion-12 billion in 2028-2030By Enes Tunagur LONDON, Oct 13 (Reuters) - The Internation...Reuters
Mon, Oct 13
FACTBOX-BofA hikes gold price forecast to $5,000/oz for 2026
Oct 13 (Reuters) - Bank of America Global Research on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5,000 an ounce, with an average of around $4,400. Gold surged above $4,000 an ounce for the first time ever on October 8. Gold prices ...Reuters
Mon, Oct 13
Saudi Aramco can sustain 12 million bpd maximum oil capacity for a year, CEO says
By Shadia Nasralla, Stephanie Kelly and Yousef Saba LONDON, Oct 13 (Reuters) - Saudi Aramco can sustain crude oil production at 12 million barrels per day (bpd) for a year without incurring additional costs, Chief Executive Amin Nasser said on Monday.Saudi Arabia holds a substanti...Reuters
Mon, Oct 13
Clove farm in Indonesia's Lampung contaminated with Caesium 137, task force says
Traces of Cs-137 found in clove farm, but hasn't spreadMaritime and fisheries ministry to certify shrimp exportsGovt could move residents near contaminated industry park JAKARTA, Oct 13 (Reuters) - A clove farm in Indonesia's Lampung province has been contaminated with Caesium 137, a r...Reuters
Mon, Oct 13
TIMELINE-Trump's trade war: Tariff deadlines and key upcoming events
Oct 13 (Reuters) - U.S. President Donald Trump's tariff strategy has injected uncertainty into global financial markets, exacerbated by legal challenges to the levies and Trump's push for bilateral trade deals.Trump's order on "reciprocal" tariffs for exports from 69 trading part...Reuters
Mon, Oct 13
Soaring gold prices bring new headache to Tiffany-owner LVMH
Record-high gold prices could weigh on margins of luxury brandsThe price of gold has doubled in two yearsAny price hikes by luxury brands will have to be gradualBy Mimosa SpencerPARIS, Oct 13 (Reuters) - The doubling of gold prices in two years, along with U.S. tariffs and a weaker dollar, have made...Reuters
Mon, Oct 13
Senate Republicans face states' healthcare concerns in high-stakes shutdown standoff
Handful of Senate Republicans voice concern about health insurance subsidy expirationNone have yet broken with party or voted for extensionObamacare enrollment surged in Republican states due to expanded subsidiesACA politics and distrust hinder shutdown resolution on Capitol HillBy Bo Erickson, Ric...Reuters
Mon, Oct 13
JPMorgan unveils $1.5 trillion plan to boost investments in US strategic industries
JPMorgan kicks off decade-long investment push in four sectorsBank also sets aside $10 billion for direct investmentsCEO Dimon calls for policy changes, fewer roadblocksTo hire more bankers to supports initiativeBy Nupur Anand NEW YORK, Oct 13 (Reuters) - JPMorgan Chase JPM.N launched a $1.5 tril...Reuters
Mon, Oct 13
Exxon sees tighter oil market in medium-long term, CEO says
LONDON, Oct 13 (Reuters) - U.S. energy major ExxonMobil XOM.N sees a tighter oil market in the medium to longer term, particularly in the absence of further investments in unconventional oil and gas assets, Chief Executive Darren Woods said on Monday.Oil market oversupply is likely to be a short-ter...Reuters
Mon, Oct 13
Russia says it supplies Iran with equipment it needs as part of military cooperation
MOSCOW, Oct 13 (Reuters) - Russian Foreign Minister Sergei Lavrov said on Monday that Moscow was legally supplying Iran with military equipment it needed.At the instigation of European governments, the United Nations reinstated an arms embargo and other sanctions on Iran over its nuclear program on ...Reuters
Mon, Oct 13
Tiffany owner LVMH braces for margin erosion as gold hits record highs
Record-high gold prices could weigh on margins of luxury brandsThe price of gold has doubled in two yearsAny price hikes by luxury brands will have to be gradualBy Mimosa SpencerPARIS, Oct 13 (Reuters) - The doubling of gold prices in two years, along with U.S. tariffs and a weaker dollar, have made...Reuters
Mon, Oct 13
Russia denies malfunction on submarine that surfaced off France
MOSCOW, Oct 13 (Reuters) - Russia on Monday denied a report that one of its submarines was suffering technical problems after the vessel surfaced off the coast of northern France.NATO's Maritime Command published photographs on October 9 of what it said was a French navy frigate observing a Russ...Reuters
Mon, Oct 13
India-U.S. stick to fall deadline for early part of trade deal, Indian official says
NEW DELHI, Oct 13 (Reuters) - India and the United States are sticking to a fall 2025 deadline for the first part of a trade deal between the two countries, an Indian government official with knowledge of the matter told reporters on Monday.New Delhi was looking to buy more energy, gas from the U.S....Reuters
Mon, Oct 13
Clove farm in Indonesia's Lampung has Caesium 137 contamination, task force says
JAKARTA, Oct 13 (Reuters) - A clove farm in Indonesia's Lampung province has been found to be contaminated with Caesium 137, although it is limited and has not spread to other commodities, the radioactive contamination task force said on Monday.Reuters
Mon, Oct 13
TABLE-North Sea gas maintenance schedule: Adds Atwick outage
Oct 13 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Mon, Oct 13
METALS-Shanghai Copper slides as China-US trade tensions escalate
SHANGHAI, Oct 13 (Reuters) - Shanghai copper tumbled on Monday amid an escalation of trade tension between China and the United States after President Donald Trump’s threat to sharply hike tariffs. The U.S. president on Friday threatened to impose an additional 100% tariff on imports from China and ...Reuters
Mon, Oct 13
Deutsche Bank Forecasts Brent at $61/bbl By End Of 2025
Oct 13 (Reuters) - DEUTSCHE BANK:FORECASTS BRENT AT $61 PER BARREL BY YEAR-END, BEFORE DECLINING TO $55/BBL IN 2026 AS INVENTORIES GROWSAYS "OIL FUNDAMENTAL BALANCES SHOULD WEAKEN TOWARDS YEAR-END, ACCORDING TO DB ESTIMATES. THIS IS PARTLY DUE TO GEOPOLITICS, GIVEN THE LOW LIKELIHOOD OF CHINA AN...Reuters
Mon, Oct 13
PRECIOUS-Gold rises to record as US-China trade woes escalate; silver scales all-time peak
Gold hits record high of $4,078.05/ozTrump imposes additional tariffs of 100% on imports from ChinaPowell set to address the NABE annual meeting on TuesdaySilver hits record high of $51.70By Ishaan Arora Oct 13 (Reuters) - Gold prices soared to a record high on Monday, lifted by safe-haven demand...Reuters
Mon, Oct 13
TIMELINE-Trump's trade war with China in 2025
By Liz Lee and Shi Bu BEIJING, Oct 13 (Reuters) - U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.T...Reuters
Mon, Oct 13
