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Freeport-McMoRan rises after UBS upgrades to 'buy'
** Shares of copper miner Freeport-McMoRan FCX.N rise nearly 2% to about $39.6 in premarket trading** UBS upgrades stock to "buy" from "neutral", lifts PT to $48 from $42.5** New PT represents a 23.5% upside on stock's last close** "We forecast 2026 refined copper demand to g...Reuters
Fri, Oct 3
Russia says its overnight strikes on Ukraine targeted military factories and energy infrastructure
MOSCOW, Oct 3 (Reuters) - The Russian Defence Ministry said on Friday that its forces had carried out massive overnight strikes on Ukrainian military-industrial facilities and on gas and energy infrastructure.It said it had conducted the strikes using high-precision long-range weapons launched from ...Reuters
Fri, Oct 3
Ukrainian drones try to attack industrial target in Russia's Urals, governor says
MOSCOW, Oct 3 (Reuters) - Ukrainian drones tried to attack an unnamed industrial facility in the Russian city of Orsk near the border with Kazakhstan, the governor of the wider Orenburg region said on Friday.Yevgeny Solntsev, the governor, said there were no casualties at the facility and that work ...Reuters
Fri, Oct 3
Poland's link with strategic NATO fuel pipeline to cost $5.5 billion
WARSAW, Oct 3 (Reuters) - Poland said on Friday that its plan to link to a NATO pipeline network, which is designed to supply troops with fuel in the event of war, will cost 20 billion zlotys ($5.5 billion).Earlier in the day, the ministry and Polish pipeline operator PERN signed a preliminary deal ...Reuters
Fri, Oct 3
Indonesia urges EU to remove duties on stainless steel products after WTO ruling
JAKARTA, Oct 3 (Reuters) - Indonesia on Friday urged the European Union to immediately remove the countervailing and anti-dumping duties on its stainless steel products, after a World Trade Organization panel backed the Southeast Asian country. The WTO panel on Thursday said the EU...Reuters
Fri, Oct 3
METALS-Copper heads for weekly gain, aided by supply disruptions
By Lucas Liew Oct 3 (Reuters) - Copper prices rose for the third consecutive session on Friday and are set for a weekly gain as supply disruptions continue to weigh amid accelerating demand for the metal.Three-month copper on the London Metal Exchange CMCU3 extended gains and was up 0.72% at $10...Reuters
Fri, Oct 3
Russia attacks Ukraine's energy infrastructure overnight, energy ministry says
KYIV, Oct 3 (Reuters) - Russia launched a massive attack on Ukrainian energy infrastructure in several regions overnight, the energy ministry said on Friday.Russia launched 381 drones and 35 missiles targeting energy infrastructure in Kharkiv and Poltava regions in eastern Ukraine, where the main Uk...Reuters
Fri, Oct 3
Polish link with NATO pipeline system to cost 20 billion zlotys
WARSAW, Oct 3 (Reuters) - Polish link with NATO pipeline system will cost 20 billion zlotys ($5.5 billion), defence deputy minister said on Friday after Polish pipeline operator PERN had signed a preliminary deal with the ministry to extend the country's fuel pipelines to connect them with the N...Reuters
Fri, Oct 3
No injuries reported in fire on jet fuel unit at Chevron Los Angeles refinery, sources say
HOUSTON, Oct 3 (Reuters) - No injuries were reported in an explosion and fire on Thursday night on a jet fuel production unit at Chevron’s CVX.N 285,000 barrel-per-day Los Angeles-area refinery, said people familiar with the matter. The fire broke out in Isomax 7, which converts mid-distillate fuel ...Reuters
Fri, Oct 3
PRECIOUS-Gold set for seventh weekly rise on US rate-cut hopes, government shutdown
Gold up 2.5% so far this weekTraders price in 25-bp Fed rate cut this monthPerth Mint's September gold sales rise 21% m/mBy Brijesh Patel Oct 3 (Reuters) - Gold edged higher on Friday and was set for a seventh straight weekly gain, buoyed by expectations of further U.S. interest rate cuts thi...Reuters
Fri, Oct 3
Gold drifts lower amid positive risk tone, further USD recovery; downside seems limited
Gold (XAU/USD) struggles to capitalize on the overnight late rebound from the $3,820 region and attracts some sellers during the Asian session on Friday. The global risk sentiment seems unfazed by a partial US government shutdown for the third straight day.
Fxstreet
Fri, Oct 3
Britain's trade remedies body to get more assertive ahead of overhaul
LONDON, Oct 3 (Reuters) - The new chiefs of Britain's Trade Remedies Authority said it would toughen the country's trade defences even before new legislation comes in, aimed at giving the body more clout to tackle global trade turmoil.Reuters
Fri, Oct 3
Taiwan buys estimated 80,550 tons of US-origin wheat, traders say
HAMBURG, Oct 3 - The Taiwan Flour Millers' Association purchased an estimated 80,550 metric tons of milling wheat to be sourced from the United States in a tender on Thursday, European traders said on Friday.The purchase involved various wheat types bought in two consignments for shipment from t...Reuters
Fri, Oct 3
California's solar and battery combo packs a transformational punch: Maguire
By Gavin MaguireLITTLETON, Colorado, Oct 3 (Reuters) - Although overshadowed so far by booming data center demand and the U.S. government's gutting of clean energy policies, California's rapid scaling of solar farms and battery systems may yet emerge as 2025's most significant power sto...Reuters
Fri, Oct 3
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $60.79 per barrel, up from Thursday’s close at $60.50.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $64.23 price posted on Thursday, and trading at $64.55.Fxstreet
Fri, Oct 3
PRESS DIGEST- Wall Street Journal - October 3
Oct 3 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- A multibillion-dollar deal to send Nvidia's NVDA.O artificial-intelligence chips to the United Arab Emirates is stuck in neutral nearly...Reuters
Fri, Oct 3
TABLE-North Sea gas maintenance schedule: Adds Karsto outage
Oct 3 (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.OPERATORLOCATIONOUTAGE...Reuters
Fri, Oct 3
