News
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Chevron expects Hess acquisition to outperform targets, CEO tells employees
HOUSTON, Oct 8 (Reuters) - Chevron CVX.N CEO Mike Wirth told employees on Wednesday that he believes the company will outperform publicly-stated financial targets given to investors following the acquisition of smaller oil producer Hess.Upon closing the $55-billion purchase of Hess in July, Chevron ...Reuters
Wed, Oct 8
Carney says he had 'meeting of minds' with Trump on steel, aluminum
OTTAWA, Oct 8 (Reuters) - Canadian Prime Minister Mark Carney on Wednesday said he had "a meeting of minds" with U.S. President Donald Trump on the future of the steel and aluminum sectors as well as on energy sector cooperation."(This) is why our teams are negotiating the terms of those...Reuters
Wed, Oct 8
PRECIOUS-Gold shatters $4,000 milestone, silver belts record high as investors rush to safety
Silver hits record high, platinum climbs over 12-year peakGold up about 54% so far this yearTraders price in 25 bps Fed rate-cut this monthBy Anmol Choubey and Anushree Mukherjee Oct 8 (Reuters) - Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-bre...Reuters
Wed, Oct 8
Whirlwind 'dust devils' reveal blustery conditions at Martian surface
Researchers catalog 1,039 'dust devils' over two decadesWind speeds up to 98 miles per hour (158 kph) observedFindings could help plan landing spots for missionsBy Will Dunham WASHINGTON, Oct 8 (Reuters) - Two decades of observations by a pair of orbiting spacecraft have enabled scientist...Reuters
Wed, Oct 8
Google to invest 5 billion euros in Belgium, creating 300 jobs
BRUSSELS, Oct 8 (Reuters) - U.S. tech giant Google GOOGL.O announced on Wednesday plans to invest 5 billion euros ($5.80 billion) in Belgium, which the compay said would create a further 300 jobs in the country.Google added the investment would focus on the AI sector and on expanding its data centre...Reuters
Wed, Oct 8
GRAINS-Soybeans gain on lackluster harvest sales, lower yield outlook
By Karl Plume CHICAGO, Oct 8 (Reuters) - U.S. soybean futures rose for a second straight day on Wednesday on expectations that U.S. harvest yields will be lower than the latest government forecast and on limited sales by farmers awaiting news from U.S.-China trade talks and details of government ...Reuters
Wed, Oct 8
US airlines say it is 'imperative' FAA get quick wins in air traffic overhaul
WASHINGTON, Oct 8 (Reuters) - A group representing major U.S. airlines said it is imperative the Federal Aviation Administration accomplish some "quick wins" in the $12.5 billion overhaul of the aging air traffic control system, according to a letter seen by Reuters on Wednesday.Airlines for...Reuters
Wed, Oct 8
PRECIOUS-Gold shatters $4,000 milestone, silver belts record high as investors rush to safety
Silver hits record high, palladium highest since June 2023Gold up about 52% so far this yearTraders price in 25 bps Fed rate-cut this monthBy Anmol Choubey and Anushree Mukherjee Oct 8 (Reuters) - Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-bre...Reuters
Wed, Oct 8
Boeing Secures $173 Mln U.S. Air Force Contract for Eight MH-139A Helicopters
Oct 8 (Reuters) - Boeing Co BA.N:BOEING AWARDED CONTRACT FOR EIGHT ADDITIONAL MH-139A HELICOPTERSBOEING - U.S. AIR FORCE HAS AWARDED CO A CONTRACT TO PRODUCE EIGHT MORE MH-139A GREY WOLF HELICOPTERS WORTH MORE THAN $173 MILLIONReuters
Wed, Oct 8
US Cash Grains-Soy, corn basis mostly steady to firmer
CHICAGO, Oct 8 (Reuters) - Spot basis bids for soybeans were mostly steady to firmer at soy processing sites in the U.S. Midwest on Wednesday as farmer offerings slowed and the harvest of the oilseed began to wind down in a few eastern areas, merchandisers said.The soybean basis rose by 5 cents a bu...Reuters
Wed, Oct 8
EU wheat stays subdued as abundant supply weighs
PARIS, Oct 8 (Reuters) - Euronext wheat again traded in a narrow range on Wednesday, with ample global supply limiting support from a falling euro and keeping futures near contract lows. December milling wheat BL2Z5, the most-active position on Paris-based Euronext, settled 0.1% up at 188.00 euros (...Reuters
Wed, Oct 8
Europe Gasoline/Naphtha-Gasoline cracks fall slightly
LONDON, Oct 8 (Reuters) - Northwest European gasoline profit margins fell by about $1 to $15.81 a barrel on Wednesday despite a larger-than-expected draw on inventories in the United States.A total of 3,200 metric tons of Eurobob E5 barges traded as Exxon and Glencore sold to each other.Another 4,20...Reuters
Wed, Oct 8
WTI extends rally for fourth day as OPEC+ output hike offsets US inventory build
West Texas Intermediate (WTI) Crude Oil is extending its recovery for a fourth consecutive day on Wednesday, with the market staging a fresh leg higher immediately after the release of the US Energy Information Administration’s (EIA) weekly Crude Oil Stocks Change report.
Fxstreet
Wed, Oct 8
METALS-Copper retreats after touching 16-month peak on mine disruptions
By Eric Onstad LONDON, Oct 8 (Reuters) - Copper prices briefly hit a 16-month peak on Wednesday due to worries about potential shortages from a series of mine disruptions, but it later retreated under pressure from a stronger dollar. Aluminium also touched its highest in 16 months as available in...Reuters
Wed, Oct 8
Silver rises to all-time high, tracking gold's record-breaking rally
Oct 8 (Reuters) - Silver soared to a record high on Wednesday, riding the coattails of gold's unprecedented rally above the $4,000/oz level earlier in the session. Spot silver XAG= was up 3.5% at $49.54 per ounce by 1611 GMT.Reuters
Wed, Oct 8
Zach Dell's Base Power raises $1 billion in latest financing round
Oct 8 (Reuters) - Base Power said on Wednesday that it had raised $1 billion in its latest funding round, as it looks to ramp up its business of leasing batteries to homeowners to meet rising power demand.The round valued the Texas-based company at $3 billion, pre-money, according to a source famili...Reuters
Wed, Oct 8
Gold set to extend record-breaking run on global anxieties
Gold hits major psychological mark of $4,000/ozInvestors seek protection from a mix of asset risks Gold, other precious metals benefit from thisGold rally seen extending into 2026By Polina Devitt LONDON, Oct 8 (Reuters) - Anxieties over global geopolitical and economic risks are the biggest drive...Reuters
Wed, Oct 8
