News
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Gold Reserve asks US court of appeals to stay Citgo parent auction proceedings
HOUSTON, Oct 28 (Reuters) - Gold Reserve GRZ.V has asked the U.S. Court of Appeals for the Third Circuit to stay all further proceedings of the auction of Citgo Petroleum's parent until the company's motion to disqualify the judge, a court officer and two advising firms overseeing the auctio...Reuters
Tue, Oct 28
Southern Copper says its Tia Maria project in Peru is 23% complete
LIMA, Oct 28 (Reuters) - Southern Copper, one of Peru's largest copper producers, said on Tuesday that its $1.8 billion Tia Maria mine project is 23% complete, and maintained its 2027 target start date for production.The project is expected to produce 120,000 metric tonnes of copper cathodes per...Reuters
Tue, Oct 28
Quiet supersonic X-59 jet soars over California in unofficial first test flight
Aircraft built to break sound barrier with sonic 'thump'Designed to cruise at Mach 1.4 at altitude of 55,000 feetFirst test flight appears to have been subsonicBy David Swanson and Steve GormanPALMDALE, California, Oct 28 (Reuters) - NASA's X-59 supersonic-but-quiet jet airplane soared o...Reuters
Tue, Oct 28
Mondelez International forecasts bigger decline in annual profit
Oct 28 (Reuters) - Mondelez International MDLZ.O on Tuesday forecast a bigger decline in annual profit as consumers pulled back on purchases of its pricey chocolates and snacks in North America.It expects 2025 adjusted earnings per share to decline about 15%, compared with its prior target of a 10% ...Reuters
Tue, Oct 28
Chicago wheat futures firm on export deal hopes, traders adjusting positions
CHICAGO, Oct 28 (Reuters) - Chicago Board of Trade wheat futures finished higher on Tuesday as trader optimism for a U.S.-China trade deal continued to bolster grain and soybean markets.Grain and soybean futures continued to rally, partly because traders adjusted their positions as some markets were...Reuters
Tue, Oct 28
Natgas producer Expand Energy posts profit in third quarter
Oct 28 (Reuters) - U.S. natural gas producer Expand Energy EXE.O on Tuesday reported a profit in the third quarter, compared with a year-ago loss, driven by increased output and stronger commodity prices.The Oklahoma City-based company reported a profit of $547 million, or $2.28 per share, for the q...Reuters
Tue, Oct 28
CBOT soybean futures soar to 15-month high on trade deal prospects
CHICAGO, Oct 28 (Reuters) - Chicago Board of Trade soybean futures rallied for a second session on Tuesday, reaching their highest price in 15 months amid trader optimism that the U.S. could reach a trade deal with China.Earlier in the session, the most-active contract Sv1 reached $11.08 a bushel, i...Reuters
Tue, Oct 28
American Airlines Suspends Operations At KIN, OCJ, MBJ Airports Due To Hurricane Melissa
Oct 28 (Reuters) - American Airlines Group Inc AAL.O:AMERICAN AIRLINES - SUSPENDED OPERATIONS AT KIN, OCJ, MBJ DUE TO AIRPORT CLOSURES DUE TO HURRICANE MELISSAAMERICAN AIRLINES: ADDED ONE EXTRA FLIGHT FROM PLEASE TO MIAMI, UPGRADED EXISTING FLIGHT TO LARGER AIRCRAFT TO ACCOMMODATE MORE CUSTOMERSAM...Reuters
Tue, Oct 28
Mondelez defeats greenwashing lawsuit over 'climate neutral' Clif Bar claim
By Jonathan StempelOct 28 (Reuters) - A federal judge dismissed a proposed class action lawsuit accusing Mondelez International MDLZ.O of deceiving consumers into overpaying for Clif bars that were labeled "climate neutral certified."U.S. District Judge Manish Shah in Chicago found nothing w...Reuters
Tue, Oct 28
US Plains HRW Wheat-Basis bids steady as futures bounce
CHICAGO, Oct 28 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in the U.S. Plains on Tuesday as futures bounced and wheat planting carried on.Farmers continue to plant the U.S. winter wheat crop that will be harvested in 2026.Analysts on average estimated winter wheat planting...Reuters
Tue, Oct 28
Gold slips below $4,000 as US–China trade hopes lift risk appetite
Gold price drops 0.63% on Tuesday during the North American session with the yellow metal suffering from its safe-haven appeal as hopes of a de-escalation of the US-China trade war keep ebbs and flows going toward riskier assets like US equities.
Fxstreet
Tue, Oct 28
ICE canola futures rise on US soybeans updraft
WINNIPEG, Manitoba, Oct 28 (Reuters) - ICE canola futures rose on Tuesday as optimism continues in the Chicago soybeans market over a possible China trade deal.• January canola RSF6 settled up $4.60 at $638.80 per metric ton. The expiring November RSX5 contract, which has little remaining open inter...Reuters
Tue, Oct 28
Trade optimism lifts CBOT corn futures to multi-month highs
CHICAGO, Oct 28 (Reuters) - Chicago Board of Trade corn futures ended higher on Tuesday, with the most-active contract Cv1 touching the highest level since July 3, as optimism over trade demand boosted grain and soy markets, traders said.CBOT December corn CZ25 ended up 3-1/4 cents, settling at $4.3...Reuters
Tue, Oct 28
US natural gas prices fall over 2% on profit-taking, mild weather outlook
November contract roll-off on WednesdayCategory 5 Hurricane Melissa expected to hit JamaicaHeating demand easedLSEG cut its two-week HDD forecast to 207 from 214U.S. gas prices are down more than 5% so far this year By Sherin Elizabeth Varghese Oct 28 (Reuters) - U.S. natural gas futures fell mor...Reuters
Tue, Oct 28
EXCLUSIVE-Venezuela asks Trinidad to provide details of Exxon field tests, sources say
Exxon was awarded the block this year, marking its return to the Caribbean nation Venezuela suspended all energy pacts with Trinidad this weekTrinidad will not give further details to Venezuela about the work By Curtis Williams and Deisy Buitrago HOUSTON/CARACAS, Oct 28 (Reuters) - Venezuela ...Reuters
Tue, Oct 28
BREAKINGVIEWS-Nuclear mega-deal illuminates AI’s glowing gap
By Robert CyranNEW YORK, Oct 28 (Reuters Breakingviews) - Artificial intelligence has sparked a nuclear reaction. Japan is backing an $80 billion plan to build nuclear power plants alongside the U.S. government using technology from Westinghouse Electric, the storied company now jointly owned by Bro...Reuters
Tue, Oct 28
GRAINS-US soybeans set 15-month high on US-China trade deal hopes
By Julie Ingwersen CHICAGO, Oct 28 (Reuters) - Chicago soybean futures reached their highest in 15 months on Tuesday, briefly topping $11 a bushel on optimism that the U.S. could reach a trade deal with China as leaders from both the countries are expected to meet in South Korea on Thursday.Soybe...Reuters
Tue, Oct 28
Europe Gasoline/Naphtha-Gasoline cracks rise nearly 12%
LONDON, Oct 28 (Reuters) - Northwest European gasoline profit margins rose by about $1.96 a barrel, or 11.8%, to $18.54 on Tuesday, while India's Hindustan Petroleum issued a rare import tender.A total of 2,000 metric tons of Eurobob E5 gasoline barges were traded as Glencore sold to Trafigura.A...Reuters
Tue, Oct 28
North Sea Crude-Forties and WTI bid lower
LONDON, Oct 28 (Reuters) - North Sea Forties and WTI Midland were bid lower in the Platts window on Tuesday.PLATTS WINDOWIndications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).No deals on Tuesday, a trader said.Forties: Vitol bid...Reuters
Tue, Oct 28
PRECIOUS-Gold hits three-week low amid US-China trade progress
Wall Street's main indexes open at record highsLBMA's annual gathering sees gold at $4,980 per ounce over the next 12 months Bank of America says market has become overboughtBy Anjana Anil and Pablo Sinha Oct 28 (Reuters) - Gold slipped to a three-week low on Tuesday as hopes for progres...Reuters
Tue, Oct 28
