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Chip shortage intensifies in German industry, says Ifo
BERLIN, Oct 29 (Reuters) - Shortages of materials for German manufacturers of electronic and optical products became more acute in October, driven by a tightening of global controls on rare earth components, the Ifo economic institute said on Wednesday.Rare earths, essential for producing semicondu...Reuters
Wed, Oct 29
PRECIOUS-Gold gains more than 1% as investors await Fed verdict, Powell speech
US Fed policy statement due at 1800 GMTGold climbs more than 1%Dips may provide chance for central banks to ramp up purchases -analystsBy Ishaan Arora Oct 29 (Reuters) - Gold rebounded more than 1% on Wednesday as investors found the metal attractive after prices fell to a three-week low in the p...Reuters
Wed, Oct 29
METALS-Copper sets record high amid global supply squeeze
Oct 29 (Reuters) - Copper prices hit a record high on Wednesday, driven by mounting supply shortages after major miners reported steep production declines.Three-month copper on the London Metal Exchange CMCU3 climbed 0.62% to $11,107 per metric ton by 0730 GMT, having reached a record high of $11,14...Reuters
Wed, Oct 29
Japan PM pushed back on US request to ban Russian energy imports, Nikkei reports
TOKYO, Oct 29 (Reuters) - Japanese Prime Minister Sanae Takaichi told U.S. President Donald Trump that banning Russian LNG imports would be difficult during their meeting in Tokyo, the Nikkei business daily reported on Wednesday, citing Japanese government officials.Russian LNG accounts for nearly 9...Reuters
Wed, Oct 29
TABLE-UAE's Fujairah oil inventory data for week ended October 27
Oct 29 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended October 27, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fr...Reuters
Wed, Oct 29
Hurricane Melissa hits Cuba hours after devastating Jamaica
By Sarah MorlandKINGSTON, Oct 29 (Reuters) - Hurricane Melissa slammed into the southern coast of eastern Cuba on Wednesday, hours after causing devastation in neighboring Jamaica as the strongest-ever cyclone on record to hit that Caribbean island nation.Melissa was last about 60 miles (95 km) west...Reuters
Wed, Oct 29
TECHNICALS-CBOT soybeans may retest support at $10.87
For more technical analyses, please click SINGAPORE, Oct 29 (Reuters) - The CBOT soybean January contract SF26 may retest support at $10.87 per bushel, probably after a weak bounce to $10.95.The deep fall from $11.08 suggests a reversal of the uptrend from $10.18-1/4. A retracement analysis on the t...Reuters
Wed, Oct 29
Hurricane Melissa makes landfall in Cuba, NHC says
Oct 29 (Reuters) - Hurricane Melissa made landfall on the southern coast of eastern Cuba on Wednesday as a category three hurricane, the U.S. National Hurricane Center (NHC) said in its latest advisory.Melissa was located about 60 miles (95 km) west-southwest of Guantanamo, Cuba, with maximum sustai...Reuters
Wed, Oct 29
Outokumpu Expects Q4 Adj EBITDA To Be Lower Than In Q3
Oct 29 (Reuters) - Outokumpu Oyj OUT1V.HE:Q3 ADJUSTED EBITDA EUR 34 MILLION VERSUS. ESTIMATE EUR 35.7 MILLIONQ3 EBIT EUR -24 MILLIONQ3 EBITDA EUR 29 MILLIONQ3 SALES EUR 1,298 MILLION VERSUS. ESTIMATE EUR 1,334.5 MILLIONQ3 NET INCOME EUR -35 MILLIONQ3 EPS EUR -0.07Q3 ADJUSTED EBIT EUR -19 MILLIONGUID...Reuters
Wed, Oct 29
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.21 per barrel, up from Tuesday’s close at $60.03.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.85 price posted on Tuesday, and trading at $64.01.
Fxstreet
Wed, Oct 29
PRECIOUS-Gold stages rebound on bargain hunting ahead of Fed verdict
US Fed policy statement due at 1800 GMTGold hit three-week low on TuesdaySilver up more than 1%By Brijesh Patel Oct 29 (Reuters) - Gold prices rose on Wednesday as bargain hunters stepped in after bullion dropped to a three-week low in the previous session, with investors now awaiting the Federal...Reuters
Wed, Oct 29
WTI recovers above $60.00 as Fed rate decision looms
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.05 during the early European trading hours on Wednesday. The WTI recovers some lost ground amid a larger-than-expected crude oil draw and expectation of a US rate cut.Fxstreet
Wed, Oct 29
Indian Oil to team up with Vitol in global trading push, source says
By Nidhi VermaHYDERABAD, India Oct 29 - Indian Oil IOC.NS plans to sign a deal early next year to form a joint venture with global trader Vitol as the state-run refiner seeks to expand its footprint in international crude and fuel trading, according to a source with direct knowledge of the matter.Th...Reuters
Wed, Oct 29
Russia's Yatek says it suspends U.S.-sanctioned Yakutia LNG project
MOSCOW, Oct 29 (Reuters) - Russia's Yatek company said on Wednesday it has suspended U.S.-sanctioned Yakutia LNG project to focus on other businesses, such as providing gas for digital and high-tech facilities.Washington imposed sanctions against one of the largest prospective LNG production pro...Reuters
Wed, Oct 29
Tokyo Gas CEO - Decision On Offtake From Alaska LNG Project Will Ultimately Depend On Whether The Terms And Economics Are Favorable
Oct 29 (Reuters) - Tokyo Gas Co Ltd 9531.T:TOKYO GAS CEO: DECISION ON OFFTAKE FROM ALASKA LNG PROJECT WILL ULTIMATELY DEPEND ON WHETHER THE TERMS AND ECONOMICS ARE FAVORABLETOKYO GAS CEO: NO IMMEDIATE SUPPLY ISSUES WITH RUSSIA’S SAKHALIN-2 LNGTOKYO GAS CEO: WILL CONSULT WITH THE JAPANESE GOVERNMENT ...Reuters
Wed, Oct 29
Gold flat ahead of Fed verdict; trade optimism and firm dollar weigh
Gold prices were flat on Wednesday, ahead of a widely expected interest rate cut from the Federal Reserve, although expectations of a potential U.S.-China trade deal and a stronger dollar kept bullion near a three-week low.Reuters
Wed, Oct 29
Lufthansa looks to shed reputation as Europe's airline laggard
Investors doubt Lufthansa's ability to meet new targetsAirline faces labour challenges with possible pilot strikesStreamlining efforts may aid Lufthansa turnaroundBy Ilona Wissenbach and Joanna Plucinska FRANKFURT/LONDON, Oct 29 (Reuters) - Lufthansa's LHAG.DE CEO last year described the ...Reuters
Wed, Oct 29
Fuel storage tank in Crimea hit by Ukrainian drone, Russian-installed governor says
MOSCOW, Oct 29 (Reuters) - A storage container containing fuel and lubricants in the city of Simferopol in Russian-annexed Crimea was hit by a Ukrainian drone and caught fire, the Moscow-installed governor said on Wednesday.There were no casualties and emergency services were working at the scene, t...Reuters
Wed, Oct 29
TABLE-North Sea gas maintenance schedule: Revises Kollsnes outage
Oct 29 (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.OPERATORLOCATIONOUTAG...Reuters
Wed, Oct 29
