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Meta commits $1.5 billion for AI data center in Texas
Meta's El Paso data center to be operational by 2028Hyperscalers projected to spend over $360 billion on AI infrastructure by 2025Meta's El Paso site to use 100% renewable energy and recycle waterBy Echo Wang NEW YORK, Oct 15 (Reuters) - Meta Platforms META.O said on Wednesday it would in...Reuters
Wed, Oct 15
Senator urges probe into US airport video blaming Democrats for government shutdown
WASHINGTON, Oct 15 (Reuters) - The top Democrat on the Senate Commerce Committee on Wednesday called for an investigation into a Trump administration video airing at some airports that blames Democrats in Congress for an ongoing government shutdown and its impact on aviation.Senator Maria Cantwell a...Reuters
Wed, Oct 15
Ukraine discusses US LNG imports after Russian strikes on gas sector, minister says
KYIV, Oct 15 (Reuters) - Ukraine is in discussions with the United States to import liquefied natural gas after Russian strikes on its gas infrastructure, economy minister Oleksii Sobolev said on Wednesday."Due to Russian attacks, we have lost part of our gas production, so we are considering me...Reuters
Wed, Oct 15
Ukraine discusses US LNG imports after Russian strikes on gas sector, minister says
KYIV, Oct 15 (Reuters) - Ukraine is in discussions with the United States to import liquefied natural gas after Russian strikes on its gas infrastructure, economy minister Oleksii Sobolev said on Wednesday."Due to Russian attacks, we have lost part of our gas production, so we are considering me...Reuters
Wed, Oct 15
BofA says US-China trade tensions, OPEC+ output boost could push Brent below $50
Oct 15 (Reuters) - Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent prices could slip below $50 a barrel. The bank maintained its Brent forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first ...Reuters
Wed, Oct 15
REFILE-MIT spinout Vertical Semiconductor raises $11 million for AI power chip tech
By Stephen NellisSAN FRANCISCO, Oct 15 (Reuters) - Vertical Semiconductor, a startup spun out of the Massachusetts Institute of Technology, on Wednesday said it raised $11 million in funding to commercialize chip technology that can deliver electricity to artificial intelligence servers more efficie...Reuters
Wed, Oct 15
PRECIOUS-Gold extends record run past $4,200 on rate-cut hopes, safe-haven fervor
Gold breaches $4,200/oz for the first timeTrump mulls ending some trade ties with ChinaFed's Powell signals dovish tone as U.S. jobs remain sluggishSilver hit a record high on TuesdayBy Sherin Elizabeth Varghese Oct 15 (Reuters) - Gold prices breached $4,200 per ounce for the first time on We...Reuters
Wed, Oct 15
US ready to tariff China over Russian oil buys, but Europe must follow, Bessent says
WASHINGTON, Oct 15 (Reuters) - The United States is ready to impose tariffs on China over its purchases of Russian oil, but Washington's European allies must be willing to take part in such action, U.S. Treasury Secretary Scott Bessent told a news conference on Wednesday."It is the purchase ...Reuters
Wed, Oct 15
Bank of America says US-China trade tensions, OPEC+ output boost could push Brent below $50
Oct 15 (Reuters) - Bank of America on Wednesday maintained its Brent crude forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first half of 2026, citing a likely floor around $55. The bank said that if U.S.-China trade tensions intensify amid OPEC+ production ramp-up, Br...Reuters
Wed, Oct 15
Russia could import gasoline, deputy PM Novak says
MOSCOW, Oct 15 (Reuters) - Russia has the option to import gasoline, Deputy Prime Minister Alexander Novak told reporters on Wednesday."This possibility exists. Our legislation allows for imports, and the Russian government has reduced the previously imposed 5% import duty, which was, in princip...Reuters
Wed, Oct 15
OPEC to hire consultant to assess members' capacity, says Kuwaiti Minister
Oct 15 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) is moving to appoint "one of the top consultants" to visit member states and assess their production capacity in the coming months, Kuwait's oil minister Tareq Al-Roumi said on Wednesday.OPEC+ ministers asked...Reuters
Wed, Oct 15
Trump ready to meet with China's Xi in South Korea, Bessent tells CNBC
By Andrea Shalal and David Lawder WASHINGTON, Oct 15 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday insisted that Washington did not want to escalate a trade conflict with China, stressing that President Donald Trump is ready to meet Chinese President Xi Jinping in South Korea...Reuters
Wed, Oct 15
US natgas prices ease to 2-week low on mild weather, ample supplies in storage
LNG export feedgas on track to hit record highMarch-April futures spread hits record low, indicating supply confidenceGas storage levels 4% above normal for this time of yearBy Scott DiSavinoOct 15 (Reuters) - U.S. natural gas futures eased to a fresh two-week low on ample amounts of gas in storage ...Reuters
Wed, Oct 15
Xrg President Of Intl Gas: costs in US LNG make some projects uncompetitive
Oct 15 (Reuters) - Abu Dhabi National Oil Co's XRG [RIC:RIC:ADNOC.UL]:XRG PRESIDENT OF INTL GAS SAYS EPC COSTS IN US LNG MARKET HAVE INCREASED 20% IN SOME CASES MAKING PROJECTS UNCOMPETITIVEXRG PRESIDENT OF INTL GAS SAYS OF FAILED SANTOS DEAL: THERE WAS A LACK OF COMMERCIAL ALIGNMENTFurther com...Reuters
Wed, Oct 15
France's CMA CGM places first vessel order in India
PARIS, Oct 15 (Reuters) - France's CMA CGM on Tuesday announced a first-ever order for Indian-built vessels, saying the country's focus on shipping infrastructure created an opportunity to diversify the group's shipbuilding supply.CMA CGM, the world's third-largest container shipping...Reuters
Wed, Oct 15
Electronic products supplier Surge Components Q3 sales rises 29%
OverviewSurge Components Q3 net sales rose 29% yr/yr to $10.3 mlnGross profit increased 14% yr/yr to $2.8 mln despite lower gross marginNet income available to common shareholders grew 6% yr/yrOutlookSurge Components is cautiously optimistic about the next quarter and early 2026Company notes potenti...Reuters
Wed, Oct 15
CBOT Trends-Wheat down 3-5 cents, corn steady-down 1 cent, soy down 1-2 cents
CHICAGO, Oct 15 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Down 3 to 5 ce...Reuters
Wed, Oct 15
EIA expects heating US homes by electricity to cost more this winter than last year
NEW YORK, Oct 15 (Reuters) - U.S. households heated mainly by electricity will spend about 4% more this year to stay warm over the winter due to higher power price forecasts, the Energy Information Administration said on Wednesday in its winter fuels outlook report.Demand growth for electricity from...Reuters
Wed, Oct 15
Diana Shipping Inc. Announces Time Charter Contract For M/V New Orleans With Swissmarine
Oct 15 (Reuters) - Diana Shipping Inc DSX.N:DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V NEW ORLEANS WITH SWISSMARINEDIANA SHIPPING INC - GROSS CHARTER RATE SET AT $26,000 MINUS 5% COMMISSIONDIANA SHIPPING INC - CHARTER EXPECTED TO COMMENCE ON OCTOBER 28, 2025Reuters
Wed, Oct 15
