News
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China, Iceland to boost geothermal, green energy cooperation, joint statement says
BEIJING, Oct 14 (Reuters) - China and Iceland will enhance intergovernmental and industry-level cooperation on geothermal and green energy, according to a joint statement released by Chinese state media on Tuesday.Both sides will work to reduce greenhouse gas emissions, promote energy transformation...Reuters
Tue, Oct 14
PRESS DIGEST- New York Times business news - October 14
Oct 14 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Patrick James, chief executive of First Brands, an auto-parts maker that filed for bankruptcy last month amid an uproar over its l...Reuters
Tue, Oct 14
Supply problems may force Freeport Indonesia to halt Manyar smelter, media reports
JAKARTA, Oct 14 (Reuters) - Miner Freeport Indonesia may be forced to suspend operations at its Manyar smelter at the end of October due to a lack of copper concentrate following a mud-flow incident at its Grasberg mine, media outlet Kontan reported on Tuesday, citing an energy ministry official. Fr...Reuters
Tue, Oct 14
WTI edges higher to near $59.50 due to easing US-China tensions
West Texas Intermediate (WTI) Oil price gains ground for the second successive session, trading around $59.30 per barrel during the Asian hours on Tuesday. Crude Oil prices receive support from easing United States (US)-China trade tensions.
Fxstreet
Tue, Oct 14
Supply issue may see Freeport Indonesia stop operations at Manyar smelter, media reports
JAKARTA, Oct 14 (Reuters) - Miner Freeport Indonesia may halt operations at its Manyar smelter at the end of October due to a lack of copper concentrate following a mud-flow incident at its Grasberg mine, media outlet Kontan reported on Tuesday, citing an energy ministry official. Freeport Indonesia...Reuters
Tue, Oct 14
TIMELINE-Trump's trade war with China in 2025
By Liz Lee and Shi Bu BEIJING, Oct 14 (Reuters) - U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.T...Reuters
Tue, Oct 14
TECHNICALS-CBOT soybeans may retest support at $10.01-1/2
For more technical analyses, please click SINGAPORE, Oct 14 (Reuters) - The CBOT soybean November contract SX25 may retest support at $10.01-1/2 per bushel, a break below could trigger a fall into the $9.90-1/2 to $9.95-1/4 range.The bounce from around $9.95-1/4 seems to have been driven by a wave (...Reuters
Tue, Oct 14
RUBBER-Rubber futures slide as US-China trade tensions, weak tyre demand weigh
Oct 14 (Reuters) - Rubber futures declined across major exchanges on Tuesday, weighed by concerns over the U.S.-China trade war and weak tire demand in North America.The Osaka Exchange (OSE) rubber contract for March delivery JRUc6, 0#2JRU: was down 5.1 yen, or 1.63%, at 306.9 yen ($2.01) per kg a...Reuters
Tue, Oct 14
SpaceX completes 11th Starship test before debuting upgraded prototype
SpaceX tests Starship heat shield, booster landing on 11th flight test Future Starships to feature big upgrades for moon, Mars missionsNASA keen on seeing Starship progress toward moon missions By Joey Roulette WASHINGTON, Oct 13 (Reuters) - Elon Musk's SpaceX launched its 11th Starship rocke...Reuters
Tue, Oct 14
China notified US of rare earths controls ahead of announcement, commerce ministry says
BEIJING, Oct 14 (Reuters) - China's commerce ministry on Tuesday said it had informed the U.S. about the rare earth export controls Beijing announced last week prior to their introduction, adding that working-level talks between the two sides took place on Monday.Reiterating that its export cont...Reuters
Tue, Oct 14
Oil edges up as US-China de-escalate trade tensions
By Anjana Anil Oct 14 (Reuters) - Oil prices rose on Tuesday as early signs of a thaw in U.S.-China trade tensions bolstered market sentiment, alleviating concerns over global fuel demand.U.S. Treasury Secretary Scott Bessent said on Monday President Donald Trump remains committed to meeting Chin...Reuters
Tue, Oct 14
Rio Tinto says strong year-end iron ore push needed as China demand surges
Q3 iron ore shipments miss analyst expectationsOyu Tolgoi ramp-up boosts copper outputSecond straight record quarter of bauxite production Oct 14 (Reuters) - Rio Tinto RIO.AX, RIO.L said on Tuesday it needs a strong year-end finish to meet its iron ore shipment target, even as Chinese demand gath...Reuters
Tue, Oct 14
PRECIOUS-Gold hits record high on safe-haven rush; silver follows suit
Oct 14 (Reuters) - Gold prices climbed to a record high on Tuesday as renewed U.S.-China trade tensions exacerbated broader uncertainty, bolstering safe-haven demand, while the prospects of U.S. rate cuts lent support, with silver also reaching an all-time peak.FUNDAMENTALS* Spot gold XAU= was up 0....Reuters
Tue, Oct 14
GRAINS-Wheat sits near 5-year lows as Russian exports increase
CANBERRA, Oct 14 (Reuters) - Chicago wheat futures sat near a five-year low on Tuesday as increasing exports from top shipper Russia focussed attention on abundant global supply. Soybeans futures edged higher as traders hoped for a deal between Washington and Beijing that would restart Chinese purch...Reuters
Tue, Oct 14
US, China to roll out tit-for-tat port fees, threatening more turmoil at sea
BEIJING/LOS ANGELES, Oct 14 (Reuters) - The United States and China on Tuesday will begin charging port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies.Reuters
Tue, Oct 14
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 14 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.37/$61.37res $63.97/$64.97Palm oil (3rd month)4,530/4,558/4,567 ringgitsup 4,503/4,484/4,456 ringgitWTI* (1st month)$59.15/$58.27/$57.66res $59.86/$60.58/$61.46Spo...Reuters
Tue, Oct 14
China begins charging port fees for US ships, exempts China-built ones
BEIJING, Oct 14 (Reuters) - China has officially started collecting special port fees from U.S.-owned, operated, built, or flagged vessels on Tuesday but said Chinese-built ships would be exempted from the levies, according to state broadcaster CCTV.The details published by CCTV clarify the specific...Reuters
Tue, Oct 14
