News
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Pope Leo to visit Turkey, Lebanon in November in first trip abroad
VATICAN CITY, Oct 7 (Reuters) - Pope Leo will travel to Turkey and Lebanon in late November, the Vatican announced on Tuesday, in the first visit outside Italy by the new leader of the 1.4-billion-member global Catholic Church.Leo, the first U.S. pope, will visit Turkey from November 27-30 befor...Reuters
Tue, Oct 7
TIMELINE-Trump's trade war: Tariff deadlines and key upcoming events
Oct 7 (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 partn...Reuters
Tue, Oct 7
FACTBOX-Trump administration pivots to buying stakes in critical sectors
Oct 7 (Reuters) - The Trump administration is ramping up efforts to secure U.S. supply chains for critical minerals and semiconductors by converting federal grants to companies into equity stakes, aimed at reducing reliance on China.The administration has taken or discussed stakes in several compani...Reuters
Tue, Oct 7
China keeps adding Gold to its reserves – ING
China’s central bank continued to add Gold to its reserves for an 11th consecutive month in September. The People’s Bank of China added 40,000 troy ounces (1.24 tonnes) of Gold to its reserves, taking the total to 74.06 million troy ounces (2,303.5 tonnes).Fxstreet
Tue, Oct 7
Furloughed federal workers are not guaranteed compensation, Axios reports
Oct 7 (Reuters) - The White House is not guaranteeing compensation for hundreds of thousands of federal workers who are on forced time off during the government shutdown, Axios reported on Tuesday, citing a White House memo.The Republican-led Senate rejected dueling measures to fund federal agencies...Reuters
Tue, Oct 7
Furloughed federal workers are not guaranteed compensation, Axios reports
Oct 7 (Reuters) - The White House is not guaranteeing compensation for hundreds of thousands of federal workers who are on forced time off during the government shutdown, Axios reported on Tuesday, citing a White House memo.Reuters
Tue, Oct 7
EU states edge towards deal to curb Russian diplomat movements
BRUSSELS, Oct 7 (Reuters) - European Union countries are moving towards a deal to curb the movement of Russian diplomats within the bloc, but no formal agreement has been reached yet, EU diplomats told Reuters on Tuesday.The measure, proposed by the bloc's diplomatic service, would force Russian...Reuters
Tue, Oct 7
Europeans ditching alcohol for taste and health reasons, research firm says
Circana finds 71% of European drinkers are buying or consuming less alcoholReasons include health, taste and lifestyleCircana cites fundamental shift; but drivers of sales declines debatedSoft drinks benefit as preferences shift By Emma Rumney Oct 7 - Younger Europeans are drinking less alcohol b...Reuters
Tue, Oct 7
Saudi leaves official selling prices unchanged for Asian buyers – ING
ICE Brent and NYMEX WTI continued their upward rally in the early trading session today amid persistent risks to Russian Oil supplies and a moderate output hike by OPEC+, ING's commodity experts Ewa Manthey and Warren Patterson note.
Fxstreet
Tue, Oct 7
CORRECTED-IEA trims renewables outlook as US policy shifts and China auction reforms weigh
By Forrest CrellinPARIS, Oct 7 (Reuters) - The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 248 gigawatts from last year's outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additi...Reuters
Tue, Oct 7
Oil price fall turns up the heat on Big Oil's bloated payouts
Current payouts unsustainable with oil below $80 a barrelCrude oil prices expected to continue fallingCompanies under pressure to cut debtReduced buybacks and job cuts announcedBy America Hernandez and Stephanie Kelly PARIS/LONDON, Oct 7 - The five biggest global oil majors are moving to cut cost...Reuters
Tue, Oct 7
METALS-Copper rises as supply woes offset pressure from stronger dollar
By Brijesh Patel Oct 7 (Reuters) - Copper prices rose on Tuesday on concerns over supply from top producer Chile and major supplier Indonesia, although a stronger U.S. dollar kept the gains in check.Three-month copper on the London Metal Exchange CMCU3 rose 0.3% to $10,679.50 per metric ton by 07...Reuters
Tue, Oct 7
Sumitomo Metal forecasts global nickel market to stay in surplus in 2026
By Yuka Obayashi TOKYO, Oct 7 (Reuters) - The global nickel market is expected to remain in surplus next year for a third consecutive year due to Indonesia's continued output growth, Japan's top nickel smelter Sumitomo Metal Mining (SMM) 5713.T said on Tuesday. The surplus is projected at...Reuters
Tue, Oct 7
TABLE-North Sea gas maintenance schedule: Revises Karsto outage
Oct 7 (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
Tue, Oct 7
PRECIOUS-Gold hits all-time high on safe-haven demand, Fed rate cut bets
Gold scales all-time high of $3,977.19/oz93% chance of Fed rate cut in Oct - CME FedWatch toolFed's Schmid says By Ishaan Arora Oct 7 (Reuters) - Gold hit a record high on Tuesday as there were no signs of a reprieve from an impasse between the two houses of the U.S. Congress that has led to ...Reuters
Tue, Oct 7
