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ROI-Trump’s Russian oil sanctions gambit will test his tolerance for pain: Bousso
US imposes sanctions on Rosneft, LukoilIndia, Turkey will likely cut purchases of Russian oilUnclear if China will adhere to the sanctionsBy Ron Bousso LONDON, Oct 23 (Reuters) - U.S. President Donald Trump imposed sanctions on Russia's two largest oil companies, marking a significant escalat...Reuters
Thu, Oct 23
Trump’s Policy Reversal on Russia: Sanctions on 2 Major Oil Firms Propel Crude Over 5%
TradingKey - On Wednesday, Eastern Time, the Trump administration announced new sanctions on Russia's two largest oil companies, aiming to pressure Russia into peace negotiations regarding Ukraine. This marks the first instance of direct economic pressure by the Trump administration on Russia concer
TradingKey
Thu, Oct 23
Gold gains on safe-haven demand amid US shutdown and trade tensions
Gold (XAU/USD) edges higher on Thursday, trading around $4,115, up nearly 0.40% for the day. Demand for safe-haven assets remains firm amid the prolonged budget deadlock in Washington and persistent geopolitical uncertainty.
Fxstreet
Thu, Oct 23
Thermal tech firm Gentherm posts higher Q3 revenue, raises guidance
OverviewGentherm Q3 revenue rises 4.1% to $387 mln, adjusted EBITDA beats estimatesCompany secured $745 mln in automotive new business awards in Q3Gentherm raises 2025 full-year revenue guidance midpointOutlookGentherm raises full-year 2025 revenue guidance to $1.47 bln-$1.49 blnAdjusted EBITDA marg...Reuters
Thu, Oct 23
Chemicals maker Dow posts smaller-than-expected quarterly loss
Oct 23 (Reuters) - Chemicals company Dow Inc DOW.N posted a smaller-than-expected adjusted quarterly loss in the third-quarter on Thursday, amid a prolonged industry downturn and weak demand for its products.The Michigan-based company reported an adjusted loss of 19 cents per share for the quarter e...Reuters
Thu, Oct 23
China trade spat threatens Wisconsin's 'Napa Valley' of ginseng
Trade tensions with China hit export-dependent ginseng farmsWisconsin growers of niche crop face high production costs, shrinking profitsCheaper Canadian supplies dominate exports to ChinaBy Julie Ingwersen WAUSAU, Wisconsin, Oct 23 (Reuters) - The cool woodlands of central Wisconsin boast soils ...Reuters
Thu, Oct 23
US states warn food aid benefits will halt if federal shutdown drags on
41 million SNAP and nearly 7 million WIC recipients face potential benefit gapUSDA communication with states unusually limited during prolonged shutdownFood banks already struggling to meet increased demandBy Leah Douglas and P.J. Huffstutter WASHINGTON, Oct 23 (Reuters) - U.S. states this week w...Reuters
Thu, Oct 23
Replacing LNG supplies from Sakhalin-2 would be costly, Japan's industry minister says
TOKYO, Oct 23 (Reuters) - Liquefied natural gas supplies from Russia's Sakhalin-2 project play an "extremely important role" in Japan's energy security and replacing those would be costly with electricity prices rising, Japan's industry minister Ryosei Akazawa said. Speaking to r...Reuters
Thu, Oct 23
Russia says build-up of US nuclear arms in Europe undermines strategic stability
MOSCOW, Oct 23 (Reuters) - Russia said on Thursday that an increase in U.S. nuclear weapons stockpiles in Europe, including in Britain, was harming strategic stability.Foreign Ministry spokeswoman Maria Zakharova said NATO drills involving nuclear weapons would lead to increased tensions and risks...Reuters
Thu, Oct 23
EU lists two Chinese refineries, trader Chinaoil in 19th package of Russia sanctions
BRUSSELS, Oct 23 (Reuters) - The European Union added two Chinese refiners and Chinaoil Hong Kong, a trading arm of PetroChina 601857.SS, to its Russia sanctions list, the EU's Official Journal showed on Thursday. The two refineries are Liaoyang Petrochemical and Shandong Yulong Petrochemical.Reuters
Thu, Oct 23
India's Reliance to halt oil imports under Rosneft deal, sources say
NEW DELHI, Oct 23 (Reuters) - Privately-owned Reliance Industries RELI.NS will stop importing oil under its long-term deal to buy nearly 500,000 barrels per day of crude from Russian oil major Rosneft, after the oil producer was sanctioned by the United States, two sources with direct knowledge of t...Reuters
Thu, Oct 23
Orion launches consortium to boost critical mineral supply chains
Oct 23 (Reuters) - Investment firm Orion Resource Partners LP said on Thursday it had launched the Orion critical mineral consortium, aimed at strengthening secure and sustainable supply chains for critical minerals in the United States.The U.S. International Development Finance Corp made an initial...Reuters
Thu, Oct 23
ASIA COFFEE-Prices rise in Vietnam on limited supplies
By Phuong Nguyen and Mas Alina ArifinHANOI, Oct 23 (Reuters) - Domestic coffee prices in Vietnam rose this week on limited supplies from new harvest even as worries regarding the impact of storm Fengshen ebbed, traders said on Thursday. In the Central Highlands, Vietnam's largest coffee-g...Reuters
Thu, Oct 23
Volvo Cars CFO: More cost savings coming as we increase cooperation with Geely suppliers
Oct 23 (Reuters) - Volvo Cars VOLCARb.ST CFO to Reuters:VOLVO CARS CFO: WE EXPECT MORE COST SAVINGS TO COME THROUGH hotAS WE INCREASE COOPERATION WITH GEELY SUPPLIERSVOLVO CARS CFO ON LOOMING CHINESE EXPORT CONTROLS ON RARE EARTHS, CHIPS: TRYING TO SOLVE PROBLEM LONG TERM, INCREASING LOCAL PRODUCTIO...Reuters
Thu, Oct 23
Energy: US sanctions Rosneft and LukOil – ING
The Oil market is rallying this morning, with WTI up around 2.8% at the time of writing, taking it back above US$60/bbl. The catalyst: the US administration placing sanctions on Russian Oil producers Rosneft and LukOil, which produce more than 5m b/d of Oil.Fxstreet
Thu, Oct 23
