News
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Anglo American starts arbitration process against Peabody over collapsed deal
Oct 3 (Reuters) - Anglo American AAL.L has initiated arbitration proceedings against Peabody Energy BTU.N in response to the termination of a purchase agreement for the British mining giant's steelmaking coal assets, the U.S.-based company said on Friday.In August, Peabody withdrew its $3.78 bil...Reuters
Fri, Oct 3
Gold steadies above $3,850 as US shutdown drags on; ISM Services PMI in focus
Gold (XAU/USD) stabilizes above $3,850 on Friday, maintaining a steady tone through the European session after dipping to an intraday low near $3,838, as the US Dollar (USD) eases following its modest rebound a day earlier.
Fxstreet
Fri, Oct 3
Indonesia's shrimp industry suffers after radioactive case, association says
JAKARTA, Oct 3 (Reuters) - Indonesia's shrimp industry suffered a 30-35% drop in processing absorption after a radioactive contamination was detected in a batch of shrimp shipped to the U.S. in August, the country's shrimp farmers' association said on Friday.The shrimp was processed at a...Reuters
Fri, Oct 3
PRESS DIGEST-Canada - October 3
Oct 3 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Canada's Association of Retired Persons is pressing Ontario Securities Commission to complete its second review of inappro...Reuters
Fri, Oct 3
PRECIOUS-Gold heads for seventh weekly gain on US shutdown fears, rate cut expectations
Gold up over 2% so far this weekTraders price in 25-bp Fed rate cut this monthGovernment shutdown delaying jobs, other dataBy Anmol Choubey and Anushree Mukherjee Oct 3 (Reuters) - Gold prices held steady on Friday, poised for a seventh consecutive weekly rise, as expectations of further U.S. int...Reuters
Fri, Oct 3
White House freezes $2.1 billion in Chicago projects, Vought says
WASHINGTON, Oct 3 (Reuters) - The federal government put $2.1 billion in Chicago infrastructure projects on hold, Office and Management and Budget Director Russ Vought said on Friday, in another jab at a Democrat-led city during the U.S. government shutdown.Reuters
Fri, Oct 3
TIMELINE-Trump's trade war: Tariff deadlines and key upcoming events
Oct 3 (Reuters) - U.S. President Donald Trump's tariff strategy has injected a bout of uncertainty into global financial markets, exacerbated by legal challenges to the levies and Trump's push for bilateral trade deals. Trump's order on "reciprocal" tarif...Reuters
Fri, Oct 3
FACTBOX-US refinery fire incidents so far in 2025
Oct 3 (Reuters) - A fire broke out in a jet fuel unit at Chevron's CVX.N 285,000 barrel-per-day El Segundo refinery near Los Angeles on Thursday, sending flames and smoke into the air.No injuries were reported and all workers at the refinery were accounted for, Chevron said in an email.The fire ...Reuters
Fri, Oct 3
GLOBAL LNG-Asian spot prices fall on weak demand, ample supply
By Emily ChowSINGAPORE, Oct 3 (Reuters) - Asian spot liquefied natural gas (LNG) prices fell this week to its lowest in over a year on weak demand and ample supply. The average LNG price for November delivery into north-east Asia LNG-AS was $10.60 per million British thermal units (mmBtu), down from...Reuters
Fri, Oct 3
GRAINS-Soybeans consolidate after rebound on U.S.-China deal hopes
PARIS/CANBERRA, Oct 3 (Reuters) - Chicago soybean futures edged lower on Friday, consolidating after a two-day rally fuelled by hopes that upcoming U.S.-China talks could revive stalled soybean trade.Corn and wheat were little changed after rebounding with soybeans from multi-week lows on Wednesday....Reuters
Fri, Oct 3
Ukrainian drones hit Russian oil refinery in Orsk, SBU says
KYIV, Oct 3 (Reuters) - Ukrainian forces carried out a drone strike on the Orsknefteorgsintez oil refinery in the Russian city of Orsk, near the border with Kazakhstan, overnight, an official from Kyiv's SBU domestic security service said on Friday.The distance of the strike, which caused a fire...Reuters
Fri, Oct 3
RPT-COLUMN-California's solar and battery combo packs a transformational punch: Maguire
By Gavin MaguireLITTLETON, Colorado, Oct 3 (Reuters) - Although overshadowed so far by booming data center demand and the U.S. government's gutting of clean energy policies, California's rapid scaling of solar farms and battery systems may yet emerge as 2025's most significant power sto...Reuters
Fri, Oct 3
Freeport-McMoRan rises after UBS upgrades to 'buy'
** Shares of copper miner Freeport-McMoRan FCX.N rise nearly 2% to about $39.6 in premarket trading** UBS upgrades stock to "buy" from "neutral", lifts PT to $48 from $42.5** New PT represents a 23.5% upside on stock's last close** "We forecast 2026 refined copper demand to g...Reuters
Fri, Oct 3
Russia says its overnight strikes on Ukraine targeted military factories and energy infrastructure
MOSCOW, Oct 3 (Reuters) - The Russian Defence Ministry said on Friday that its forces had carried out massive overnight strikes on Ukrainian military-industrial facilities and on gas and energy infrastructure.It said it had conducted the strikes using high-precision long-range weapons launched from ...Reuters
Fri, Oct 3
Ukrainian drones try to attack industrial target in Russia's Urals, governor says
MOSCOW, Oct 3 (Reuters) - Ukrainian drones tried to attack an unnamed industrial facility in the Russian city of Orsk near the border with Kazakhstan, the governor of the wider Orenburg region said on Friday.Yevgeny Solntsev, the governor, said there were no casualties at the facility and that work ...Reuters
Fri, Oct 3
Poland's link with strategic NATO fuel pipeline to cost $5.5 billion
WARSAW, Oct 3 (Reuters) - Poland said on Friday that its plan to link to a NATO pipeline network, which is designed to supply troops with fuel in the event of war, will cost 20 billion zlotys ($5.5 billion).Earlier in the day, the ministry and Polish pipeline operator PERN signed a preliminary deal ...Reuters
Fri, Oct 3
Indonesia urges EU to remove duties on stainless steel products after WTO ruling
JAKARTA, Oct 3 (Reuters) - Indonesia on Friday urged the European Union to immediately remove the countervailing and anti-dumping duties on its stainless steel products, after a World Trade Organization panel backed the Southeast Asian country. The WTO panel on Thursday said the EU...Reuters
Fri, Oct 3
METALS-Copper heads for weekly gain, aided by supply disruptions
By Lucas Liew Oct 3 (Reuters) - Copper prices rose for the third consecutive session on Friday and are set for a weekly gain as supply disruptions continue to weigh amid accelerating demand for the metal.Three-month copper on the London Metal Exchange CMCU3 extended gains and was up 0.72% at $10...Reuters
Fri, Oct 3
