News
Important Only
CPI Card posts higher Q3 sales, profit
OverviewCPI Card Q3 2025 sales up 11% to $138 mln, driven by Arroweye and instant issuanceNet income increased 78% to $2.3 mln, but missed analyst expectationsAdjusted EBITDA decreased 7% to $23.4 mln due to lower gross margins and tariffsOutlookCPI forecasts 2025 net sales growth in low double-digi...Reuters
Tue, Nov 4
PRECIOUS-Gold cuts losses as dollar rally pauses, US data in focus
US ADP employment report due on WednesdayBenchmark U.S. 10-year yields slip from 3-week highBy Brijesh Patel Nov 4 (Reuters) - Gold prices trimmed the session's losses on Tuesday, helped by a pause in the dollar's rally and lower Treasury yields, while investors waited for U.S. economic d...Reuters
Tue, Nov 4
EXCLUSIVE-US not ready to lift Mexican cattle ban over screwworm, Agriculture Secretary Rollins says
Rollins not yet comfortable reopening border to Mexican cattleUS ports have been mostly closed to Mexican livestock since MayRollins says Mexican officials have taken issue "very seriously"Screwworm threatens massive losses to US cattle industryPest's flesh-eating larvae can kill an anim...Reuters
Tue, Nov 4
Marathon Petroleum Q3 profit misses estimates
OverviewMarathon Petroleum Q3 net income rises to $1.4 bln, adjusted EPS misses analyst expectationsCompany reports $3.2 bln adjusted EBITDA, driven by strong Refining & Marketing executionCompany returns $926 mln to shareholders, announces 10% quarterly dividend increaseOutlookMarathon Petroleu...Reuters
Tue, Nov 4
Gunvor CEO Tornqvist: Lukoil assets won't be sold back, Bloomberg News reports
Nov 4 (Reuters) - Commodities trader Gunvor Group is prepared to satisfy any concerns about continued Russian influence over assets it is buying from Russia's Lukoil LKOH.MM, CEO Torbjorn Tornqvist has told Bloomberg News.Last week, Lukoil said it had accepted an offer from Gunvor to buy its for...Reuters
Tue, Nov 4
Libya's NOC announces new oil discovery in Ghadames Basin
BENGHAZI, Nov 4 (Reuters) - Libya's state-run Oil National Corp (NOC) announced on Tuesday in a statement a new oil discovery in well H1-NC4 by its subsidiary Arabian Gulf Oil Company (AGOCO) in the Ghadames oil basin. The Ghadames basin is located in northwestern Libya, near the Libyan-Algeri...Reuters
Tue, Nov 4
Marathon Petroleum posts higher third-quarter profit
Nov 4 (Reuters) - Refiner Marathon Petroleum MPC.N posted a rise in third-quarter profit on Tuesday, helped by strength in its midstream segment and improved refining margins.The company reported a profit of $1.4 billion, or $4.15 per share, for the quarter ended September 30, compared with $622 mil...Reuters
Tue, Nov 4
Turkish fuel supplier raises diesel prices, citing Russia sanctions, document shows
By Enes Tunagur LONDON, Nov 4 (Reuters) - A major fuel supplier in Turkey has told its wholesale customers it will raise diesel prices after Western sanctions on Russian oil companies led to supply issues and increased insurance and financing costs, according to a document seen by Reuters. Turkey...Reuters
Tue, Nov 4
ExxonMobil signs gas exploration deal with Egypt in Mediterranean
ABU DHABI, Nov 4 (Reuters) - Egypt and ExxonMobil have signed a memorandum of understanding to expand natural gas exploration and production activities in the Egyptian Mediterranean, the Egyptian Petroleum Ministry said on Tuesday.Under the MOU, ExxonMobil plans to invest in a new concession area lo...Reuters
Tue, Nov 4
PRECIOUS-Gold cuts losses as dollar rally pauses, US data in focus
US ADP employment report due on WednesdayBenchmark U.S. 10-year yields slip from 3-week highBy Brijesh Patel Nov 4 (Reuters) - Gold prices trimmed session's losses on Tuesday, helped by a pause in the dollar's rally and lower Treasury yields, while investors waited for U.S. economic data ...Reuters
Tue, Nov 4
PRESS DIGEST-Canada - November 4
The following are the top stories from Canadian newspaper The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL- Tuesday's federal budget will unveil a C$5- billion ($35.65 billion) Build Communities Strong Fund for local infrast...Reuters
Tue, Nov 4
REFILE-EXCLUSIVE-Glencore plans to shut Canada’s largest copper metal operation over costs, sources say
Closure planned though no timeframe -two sourcesNot currently considering closure -spokespersonOperations employ about 1,000, big supplier to US marketCompany faces lawsuit over arsenic emissions in QuebecBy Pratima Desai LONDON, Nov 3 (Reuters) - Glencore is planning to close its Horne smelter, ...Reuters
Tue, Nov 4
HSBC expects OPEC+ oil quota increases to accelerate later in 2026
Nov 4 (Reuters) - HSBC on Tuesday said OPEC+ is focused on regaining market share, and the bank expects oil output quota increases to accelerate in the second and third quarters of 2026.The first-quarter pause in OPEC+ output increases "signals caution about seasonally weaker demand, but no chan...Reuters
Tue, Nov 4
US airport security TSA workers ride out shutdown with better pay, benefits than in 2019
TSA raises boost retention during government shutdownOfficer pay and benefits improved during Biden administration TSA attrition rate dropped significantly in 2023By Doyinsola Oladipo and David ShepardsonNEW YORK/WASHINGTON, Nov 4 (Reuters) - Airport security screeners working without pay during the...Reuters
Tue, Nov 4
LNG shipping rates hit multi-month highs on tighter vessel availability, winter demand
By Emily Chow SINGAPORE, Nov 4 (Reuters) - Shipping rates for liquefied natural gas have hit multi-month highs on tighter vessel availability, delayed cargo deliveries to Egypt and rising demand ahead of winter, shipping sources said.The price gains amplify competition for available LNG carriers,...Reuters
Tue, Nov 4
Orsted sells 50% stake in UK wind farm for $6 billion to Apollo
COPENHAGEN, Nov 3 (Reuters) - Denmark's Orsted ORSTED.CO said on Monday it agreed to sell a 50% stake in Britain's Hornsea 3 offshore wind farm for around 39 billion Danish crowns ($6.09 billion), widely regarded as a crucial move to prevent a crippling credit rating downgrade.Orsted, the wo...Reuters
Tue, Nov 4
Putin orders road map for Russian rare earths extraction
MOSCOW, Nov 4 (Reuters) - Russian President Vladimir Putin on Tuesday ordered the Russian cabinet to draw up by December 1 a road map for the extraction of rare earth minerals.In a list of tasks for ministers published on the Kremlin website, Putin also ordered the cabinet to take measures to develo...Reuters
Tue, Nov 4
