News
Important Only
Fire at Brazil power substation causes blackout across several states
SAO PAULO/RIO DE JANEIRO, Oct 14 (Reuters) - A fire at an energy substation owned by Brazilian firm Eletrobras ELET3.SA led to a power outage across several parts of Brazil in the early hours Tuesday, officials said, with a total shutdown of around 10,000 megawatts (MW) of load and more than 1 milli...Reuters
Tue, Oct 14
PRECIOUS-Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters
Gold hits record high of $4,179.48/ozTrump on track to meet Xi in South Korea, Bessent saysFed Chair Powell to address NABE annual meeting at 12:20 p.m. ETSilver hits record high of $53.60/ozBy Sherin Elizabeth Varghese and Pablo Sinha Oct 14 (Reuters) - Gold notched a fresh record high above th...Reuters
Tue, Oct 14
China's rare earth curbs put Europe's auto industry at risk, Italian lobby says
MILAN, Oct 14 (Reuters) - Expected new Chinese curbs on rare earth metal exports could have a significant impact on the European auto industry, the head of Italian auto part maker lobby ANFIA said on Tuesday, as reserves of those materials are low.Despite an agreement in July aimed at fast-tracking ...Reuters
Tue, Oct 14
Fed's Bowman expects two more interest rate cuts this year
Oct 14 (Reuters) - Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will deliver interest rate cuts at its final two policy meetings of 2025.“I continue to see two more cuts before the end of this year,” Bowman said at an event in Washin...Reuters
Tue, Oct 14
PRECIOUS-Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters
Gold hits record high of $4,179.48/ozTrump on track to meet Xi in South Korea, Bessent saysFed Chair Powell to address NABE annual meeting at 12:20 p.m. ETSilver hits record high of $53.60/ozBy Sherin Elizabeth Varghese and Pablo Sinha Oct 14 (Reuters) - Gold notched a fresh record high above th...Reuters
Tue, Oct 14
Industrial machinery manufacturer ETC reports 20.5% rise in Q2 sales
OverviewETC fiscal Q2 net sales rise 20.5%, driven by ATS and Sterilizer SystemsNet income for fiscal Q2 falls due to higher non-cash tax expenseOperating income for fiscal Q2 increases 26% despite lower gross profit marginOutlookCompany did not provide specific guidance for future quarters or full ...Reuters
Tue, Oct 14
China's rare earth curbs to have significant impact on Europe's auto industry, lobby group says
MILAN, Oct 14 (Reuters) - Expected new Chinese curbs on rare earth metal exports could have a significant impact on the European auto industry, the head of Italian auto part maker lobby ANFIA said on Tuesday, as reserves of those materials are low.ANFIA Chairman Roberto Vavassori told an automotive ...Reuters
Tue, Oct 14
White House budget office says it is preparing to 'ride out' shutdown
WASHINGTON, Oct 14 (Reuters) - The White House Office of Management and Budget said on Tuesday it was making preparations "to batten down the hatches and ride out" the federal government shutdown, while continuing layoffs."Pay the troops, pay law enforcement, continue the RIFs, and wait,...Reuters
Tue, Oct 14
FACTBOX-How Germany is building up LNG import terminals
FRANKFURT, Oct 14 (Reuters) - Germany is putting natural gas import terminals into operation as part of the country's efforts to replace piped Russian gas following Moscow's invasion of Ukraine in 2022.It is deploying floating storage regasification units (FSRUs) to receive seaborne LNG, whi...Reuters
Tue, Oct 14
US natural gas futures hit over two-week low on milder weather, weaker demand forecasts
By Anushree MukherjeeOct 14 (Reuters) - U.S. natural gas futures fell more than 2% on Tuesday to hit a more than two-week low, weighed down by forecasts for milder weather and lower demand in the coming days.Front-month gas futures for November delivery NGc1 on the New York Mercantile Exchange fell ...Reuters
Tue, Oct 14
CBOT Trends-Wheat down 3-4 cents, corn down 1-2, soybeans down 4-5 cents
CHICAGO, Oct 14 (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 Tuesday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Down 3 to 4 cent...Reuters
Tue, Oct 14
Verizon offers relief for government workers impacted by shutdown
WASHINGTON, Oct 14 (Reuters) - Verizon Communications VZ.N said Tuesday that it will offer government workers impacted by a two-week-old government shutdown payment deferral options.Federal workers are beginning to receive partial paychecks due to the ongoing budget standoff."If federal employee...Reuters
Tue, Oct 14
Brazil new soy crop seen at record 178 million tons, Conab says
By Ana ManoSAO PAULO, Oct 14 (Reuters) - Brazilian farmers are expected to harvest a record 177.64 million metric tons of soybeans in the 2025/26 season, virtually the same as forecast last month but around 6 million tons more than in the previous year, crop agency Conab said on Tuesday.Conab cited ...Reuters
Tue, Oct 14
Gold stabilizes after record surge, attention turns to Powell
Gold (XAU/USD) is taking a breather on Tuesday after surging to a fresh all-time high near $4,179 earlier in the day as safe haven demand remains supported amid intensifying US-China trade tensions, dovish Federal Reserve (Fed) expectations, and growing uncertainties across major economies.
Fxstreet
Tue, Oct 14
Oil executives flag increased costs from Trump's tariffs
Tariffs raise costs for energy companies, CEOs sayTotalEnergies, Baker Hughes cite financial impacts from US trade policiesExxon says it focuses on long-term fundamentals, not political cyclesBy Stephanie KellyLONDON, Oct 14 (Reuters) - The executives of two oil companies warned this week that tarif...Reuters
Tue, Oct 14
Boeing Awarded Approximately $2.7 Billion In Multiyear Contracts For PAC‑3 Seeker Production
Oct 14 (Reuters) - Boeing Co BA.N:BOEING AWARDED APPROXIMATELY $2.7 BILLION IN MULTIYEAR CONTRACTS FOR PAC‑3 SEEKER PRODUCTIONBOEING: UNDER AGREEMENTS, BOEING WILL DELIVER MORE THAN 3,000 SEEKERS AT RATES OF UP TO 750 UNITS PER YEAR THROUGH 2030BOEING - WORKING WITH LOCKHEED MARTIN TO INCREASE PAC-3...Reuters
Tue, Oct 14
PRECIOUS-Gold leaps above $4,100 on Fed rate cut hopes, US-China trade tension
Gold hits record high of $4,179.48/ozTrump on track to meet Xi in South Korea, Bessent saysFed Chair Powell to address NABE annual meeting on TuesdaySilver hits record high of $53.60/ozBy Anushree Mukherjee Oct 14 (Reuters) - Gold prices jumped to a record high above $4,100 on Tuesday, supported ...Reuters
Tue, Oct 14
