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Smithfield Foods quarterly sales, profit rise on steady demand for meat
Oct 28 (Reuters) - Smithfield Foods SFD.O posted a jump in third-quarter revenue and profit on Tuesday, as the U.S. pork processor benefited from resilient demand for higher-priced packaged meats and fresh pork. The company, the biggest U.S. pork processor, has been working to rein in expenses amid ...Reuters
Tue, Oct 28
Indian firms won't buy Rosneft or Lukoil crude via traders, government source says
Oct 28 (Reuters) - Indian companies will not buy Rosneft or Lukoil crude oil supplied by traders after the two top Russian producers were hit by U.S. sanctions, an Indian government source said on Tuesday.It is difficult to predict when Indian companies will place new orders for Russian oil, added t...Reuters
Tue, Oct 28
Bill Gates-backed TerraPower seeks UK approval for nuclear reactor design
TerraPower submits reactor design for UK approvalNatrium technology aims for integration with renewable resourcesUK government's nuclear expansion includes big, smaller reactors Oct 28 (Reuters) - TerraPower, a nuclear innovation company founded by Bill Gates, has submitted a design for a new...Reuters
Tue, Oct 28
Copper nears May 2024 record amid US-China trade optimism – ING
Copper prices are approaching their May 2024 record of $11,104.50/t, supported by easing US-China trade tensions, ongoing supply disruptions, and expectations of another Federal Reserve rate cut following softer-than-expected US inflation data, ING's commodity experts Ewa Manthey and Warren PattersoFxstreet
Tue, Oct 28
Steady crude, stronger middle distillates – ING
The initial positive sentiment around US-China trade talks faded as the Oil market progressed through yesterday's trading session, with ICE Brent settling almost 0.5% lower. Meanwhile, the market continues to digest the impact of US sanctions on Russian Oil flows on Rosneft and LukOil.Fxstreet
Tue, Oct 28
Singapore's Equator, Chinese state firm to export power from Indonesia to Singapore
SINGAPORE, Oct 28 (Reuters) - Equator Renewables Asia and CRE International (CREI), a unit of China's National Nuclear Corp, will jointly develop a solar and battery project in Indonesia's Riau Islands to export clean power to Singapore, Singapore-based Equator said on Tuesday.The companies ...Reuters
Tue, Oct 28
GRAINS-Chicago soybeans hit 15-month high on US-China trade deal hopes
By Ella Cao and Lewis Jackson BEIJING, Oct 28 (Reuters) - Chicago soybean futures touched a more than 15-month high on Tuesday, driven by firm soymeal prices and 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 Th...Reuters
Tue, Oct 28
FACTBOX-Citi downgrades short-term gold, silver price forecasts
Oct 28 (Reuters) - Citi on Monday cut its short-term gold and silver price targets, lowering zero-to-three month gold price forecast to $3,800 per ounce from $4,000 and its silver forecast to $42 per ounce from $55, citing shifts in global market conditions.The cuts follow trade negotiations led by ...Reuters
Tue, Oct 28
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $60.89 per barrel, down from Monday’s close at $61.37.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.68 after its previous daily close at $65.16.
Fxstreet
Tue, Oct 28
Countries' new climate plans to start cutting global emissions, U.N. says
UN sees global emissions falling 10% by 2035Reflects new climate pledges, including from ChinaFirst time UN climate body forecasts emissions declineU.S. emissions trajectory uncertain under TrumpBy Kate AbnettBRUSSELS, Oct 28 (Reuters) - The latest climate pledges by governments will cause global gr...Reuters
Tue, Oct 28
PRECIOUS-Gold nears three-week low as US-China trade optimism dents safe-haven demand
Trump-Xi, central bank meetings in focusGold fell more than 3% on MondayPlatinum down more than 2%By Brijesh Patel Oct 28 (Reuters) - Gold prices extended losses on Tuesday to a near three-week low, as optimism over a potential U.S.-China trade deal dented demand for safe-haven bullion, while inv...Reuters
Tue, Oct 28
TECHNICALS-CBOT soybeans may extend gains to $11.04-1/4
For more technical analyses, please click SINGAPORE, Oct 28 (Reuters) - The CBOT soybean January contract SF26 may extend gains to $11.04-1/4 per bushel, as it has briefly pierced above resistance at $10.96-1/2.A wave c might be unfolding toward its 261.8% projection level of $11.04-1/4, as it shows...Reuters
Tue, Oct 28
Kazakhstan weighing how to deal with Lukoil's stakes in local projects
ASTANA, Oct 28 (Reuters) - Kazakhstan's authorities are determining how to deal with Russian oil producer Lukoil's LKOH.MM stakes in projects and could make a decision soon, the chairman of sovereign wealth fund Samruk Kazyna said on Tuesday. Lukoil said on Monday it would sell its in...Reuters
Tue, Oct 28
RPT-ROI-Saudi OPEC strategy pulled by warring US, Russia interests: Bousso
OPEC+ meets on November 2 to discuss oil production targetsTrump will likely repeat call on OPEC to increase output after hitting Russia with sanctionsRussia likely to support stopping or reversing increasesBy Ron Bousso LONDON, Oct 28 (Reuters) - Saudi Arabia is caught between Donald Trump and a...Reuters
Tue, Oct 28
BREAKINGVIEWS-Battle for COP31 is Australia's to lose
By Antony CurrieMELBOURNE, Oct 28 (Reuters Breakingviews) - It's a wonder any country wants to host the annual United Nations climate summit. This year's Conference of the Parties, or COP, starts next month in Belem, Brazil, and had to contend with everything from a lack of hotel rooms to th...Reuters
Tue, Oct 28
PRESS DIGEST -Wall Street Journal - October 28
Oct 28 (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. - Mercor, a startup that has become a critical component in the ecosystem improving top AI models, finalized a new funding deal to raise ...Reuters
Tue, Oct 28
TABLE-North Sea gas maintenance schedule: Revises Hatfield outage
Oct 28 (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
Tue, Oct 28
