News
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EXPLAINER-How companies are steering IPO plans amid US government shutdown
By Manya Saini Oct 7 (Reuters) - Companies looking to sidestep disruptions caused by the U.S. government shutdown to their initial public offerings can tap a provision that allows them to press ahead with their listing plans without the need for regulatory approvals.Biotech startup MapLight becam...Reuters
Tue, Oct 7
Rescuers race to evacuate stranded Everest hikers by Tuesday, source says
Blizzard trapped at least 550 trekkers near Everest in TibetSince Sunday, about 350 hikers have been led to safetySnowstorms also hit Xinjiang, Qinghai, Gansu in western ChinaBy Ryan Woo BEIJING, Oct 7 (Reuters) - More than 200 trekkers still stranded in freezing temperatures near the eastern fac...Reuters
Tue, Oct 7
CBOT Trends-Soybeans up 2-4 cents, corn mixed, wheat steady-up 1 cent
CHICAGO, Oct 7 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Steady to up 1...Reuters
Tue, Oct 7
SOFTS-London cocoa hits 1-1/2 year low as harvest gets underway, coffee heads lower
LONDON, Oct 7 (Reuters) - London cocoa futures on ICE hit their lowest in more than 1-1/2 years on Tuesday as dealers remained hopeful about harvest prospects in West Africa, while arabica coffee fell. COCOA* London cocoa LCCc2 fell 2.1% to 4,309 pounds per metric ton at 1250 GMT, after h...Reuters
Tue, Oct 7
Silver price slips amid US Dollar strength, but record high remains achievable
Silver (XAG/USD) edges 0.2% lower for the day on Tuesday, trading around $48.60 per troy ounce at the time of writing, after setting a new 14-year high at $48.77 on Monday. This consolidation move comes as the US Dollar (USD) regains traction, capping the metal’s bullish momentum.
Fxstreet
Tue, Oct 7
Chevron names Kevin McLachlan as VP of exploration
Oct 7 (Reuters) - Chevron Corp CVX.N on Tuesday named Kevin McLachlan as vice president of exploration, effective Nov. 1, as veteran executive Liz Schwarze prepares to retire early next year after more than three decades with the U.S. oil major.Reuters
Tue, Oct 7
Ukraine wants to increase gas imports by 30% after Russian attacks
Russia attacks raise fears of possible gas shortages Priority is to secure imports for November-December, energy minister saysUkraine had planned to import 4.6 bcm of gas in 2025/26 heating seasonBy Pavel Polityuk KYIV, Oct 7 (Reuters) - Ukraine wants to increase natural gas imports by 30% follow...Reuters
Tue, Oct 7
Ivanhoe Mines hits record zinc output in Congo's Kipushi mine
DAKAR, Oct 7 (Reuters) - Ivanhoe Mines IVN.TO produced 71,226 metric tons of copper and a record 57,200 tons of zinc in the third quarter from its flagship Kamoa-Kakula and Kipushi mines in the Democratic Republic of Congo, the company said on Tuesday.The Vancouver-based miner said robust copper out...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
GRAINS-Soybeans tick up as market weighs crops, U.S.-China ties
PARIS/CANBERRA, Oct 7 (Reuters) - Chicago soybean futures edged higher on Tuesday, steadying after a two-day fall, as traders monitored U.S. harvesting and Brazilian planting along with developments in a U.S-China trade battle that has halted soybean shipments. Corn and wheat futures also ticked hig...Reuters
Tue, Oct 7
EXPLAINER-How companies are steering IPO plans amid US government shutdown
By Manya Saini Oct 7 (Reuters) - Companies looking to sidestep disruptions caused by the U.S. government shutdown to their initial public offerings can tap a provision that allows them to press ahead with their listing plans without the need for regulatory approvals.Biotech startup MapLight becam...Reuters
Tue, Oct 7
Russia says Ukrainian drone crashed into nuclear plant, without causing damage
MOSCOW, Oct 7 (Reuters) - Russia's state nuclear energy company said on Tuesday that a Ukrainian drone had tried to strike a nuclear plant in Russia's Voronezh region, which borders Ukraine.In a statement, Rosenergoatom said the drone was "suppressed by technical means" and detonated...Reuters
Tue, Oct 7
Chevron working to restart units at El Segundo refinery after fire
Oct 7 (Reuters) - Chevron CVX.N said on Tuesday it was working to restart some of the processing units that were shut down due to a fire at its El Segundo refinery last week."The refinery continues to operate and create transportation fuels, although at diminished rates," the company said.La...Reuters
Tue, Oct 7
Soccer-Cape Verde success would have been scarcely believable 20 years ago
Island nation close to World Cup qualificationCape Verde would be second smallest nation to play at World CupTeam benefits from large migrant communities in EuropeBy Mark GleesonCAPE TOWN, Oct 7 (Reuters) - The Cape Verde Islands are one win away from a World Cup place that confirms the promise they...Reuters
Tue, Oct 7
PRECIOUS-Gold hits record high on broader uncertainty, rate cut bets
Gold hits all-time high of $3,977.19/ozBullion may reach $4,300/oz over next 6 months, analyst saysChina's central bank extends gold buying for 11th monthBy Anmol Choubey Oct 7 (Reuters) - Gold prices touched another record high on Tuesday, driven by strong investment demand amid broader geop...Reuters
Tue, Oct 7
Hudbay resumes operations at Peru's mine after protests
Oct 7 (Reuters) - Canadian miner Hudbay Minerals HBM.TO said on Tuesday it has resumed operations at its Constancia mine in Peru, weeks after halting output due to local protests and blockades that had disrupted access to the site.The company said it has delayed a 20,000 dry-metric-tonne concentrat...Reuters
Tue, Oct 7
