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ANALYSIS-How Ukraine's European allies fuel Russia's war economy
Several EU nations see Russian energy imports rise in 2025They include France, Netherlands, Romania and PortugalEurope is still financing both sides in war - to fury of TrumpMilitary aid to Kyiv countered by energy payments to MoscowBy Marwa Rashad, Kate Abnett and Nerijus Adomaitis Oct 10 (Reute...Reuters
Fri, Oct 10
Gold remains under pressure below $4,000; downside potential seems limited
Gold (XAU/USD) remains depressed below the $4,000 psychological mark during the Asian session on Friday. However, the fundamental backdrop warrants some caution before positioning for an extension of the previous day's retracement slide from the all-time peak.Fxstreet
Fri, Oct 10
US imposes sanctions on China refinery, others for Iran oil purchases
Fourth round of US Iran sanctions that target a China refineryUS also sanctions first Chinese petrochemical terminal Trump says would like Iran to be able to rebuildIran oil exports hit year high in September -tanker tracker UANI By Timothy Gardner WASHINGTON, Oct 9 (Reuters) - The U.S. imposed s...Reuters
Fri, Oct 10
Oil little changed amid fading risk premium after Gaza deal
Oct 10 (Reuters) - Oil prices were little changed in early Asian trade on Friday after falling more than 1% in the previous session, as the market's war risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza.
Reuters
Fri, Oct 10
Hong Kongers rush to sell family jewels as gold glitters
Residents selling gold hoarded for decades Many still betting on gold prices rising further More buyers than sellers in some shops By James Pomfret HONG KONG, Oct 10 (Reuters) - Hong Kong residents rushed to sell everything from gold bars to rings this week, with people weighing family jewels and...Reuters
Fri, Oct 10
ANZ Forecasts Oil Prices To Trade Around $60-65/BBL Through 1H26
Oct 10 (Reuters) - ANZ: SUPPLY-DRIVEN SURPLUSES ARE RARELY UNEXPECTED, SO THE MARKET USUALLY PRICES-IN SURPLUS WELL IN ADVANCE, CONSEQUENTLY, EXPECT OIL PRICES TO TRADE AROUND $60–65/BBL, THROUGH FIRST HALF OF 2026FURTHER RECOVERY OF OIL PRICES TO $70/BBL BY END OF 2026 IS POSSIBLE; EITHER DUE TO RI...Reuters
Fri, Oct 10
US could fire air traffic controllers who fail to work as delays continue
More than 3,300 flights delayed Thursday as shutdown continuesSenator urges airlines to quickly approve refundsUnion says there are procedures to deal with misuse of sick leaveBy David Shepardson WASHINGTON, Oct 9 (Reuters) - U.S. Transportation Secretary Sean Duffy warned on Thursday that the go...Reuters
Fri, Oct 10
PRESS DIGEST- Financial Times - October 10
Oct 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- BP wins arbitration with Venture Global over disputed LNG cargoes- US permits Trinidad and Tobago to negotiate gas deal with Venezuela-...Reuters
Fri, Oct 10
Japan's food self-sufficiency stuck at 38% in FY24/25, below 2030 goal
By Yuka ObayashiTOKYO, Oct 10 (Reuters) - Japan's food self-sufficiency ratio remained at 38% in the 2024/25 fiscal year ended March 31, unchanged from a year earlier and below the government's 2030 target of 45%, the agriculture ministry said on Friday.The figure -- one of the lowest among ...Reuters
Fri, Oct 10
GRAINS-Soybeans head for modest weekly gain as traders eye possible China buying from US
CANBERRA, Oct 10 (Reuters) - U.S. soybean futures steadied on Friday and were set to notch a second straight weekly gain, as traders weighed hopes of renewed Chinese buying from the United States against expectations of ample global supply.Wheat and corn futures rose slightly but were headed for the...Reuters
Fri, Oct 10
China expands rare earths restrictions, targets defense and chips users
BEIJING, Oct 9 (Reuters) - China dramatically expanded its rare earths export controls on Thursday, adding five new elements and extra scrutiny for semiconductor users as Beijing tightens control over the sector ahead of talks between Presidents Donald Trump and Xi Jinping.Reuters
Fri, Oct 10
BP wins arbitration case against Venture Global over LNG cargoes
Venture Global breached obligations at Calcasieu Pass plant, ICC rulesBP seeking over $1 billion in damages from Venture GlobalVenture Global shares drop 10% after arbitration rulingBy Curtis Williams HOUSTON, Oct 9 (Reuters) - BP BP.L has won its arbitration case against Venture Global VG.N over...Reuters
Fri, Oct 10
WTI declines below $61.50 on cooling Middle East tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the early Asian trading hours on Friday. The WTI loses traction amid easing geopolitical tensions in the Middle East. Traders will closely monitor how long the US federal government shutdown will last.Fxstreet
Fri, Oct 10
Russia attacking Ukrainian energy targets, Ukrainian minister says
Oct 10 (Reuters) - Russian forces have launched a mass attack on Ukrainian energy targets, Ukrainian Energy Minister Svitlana Grynchuk said early on Friday."Energy experts are taking all necessary measures to minimise negative consequences," Svitlana Grynchuk wrote on Facebook. "As soon ...Reuters
Fri, Oct 10
US help for farmers would include direct subsidies, treasury chief tells Fox News
Oct 9 (Reuters) - The United States would have announced this week a support package for farmers stung by trade disputes that included direct subsidies, if it weren't for a government shutdown, U.S. Treasury Secretary Scott Bessent told Fox News on Thursday. "We would have announced an AG pr...Reuters
Thu, Oct 9
CIF/FOB Gulf Grain-Soy basis bids firm as traders watch for export demand
CHICAGO, Oct 9 (Reuters) - Spot basis bids increased for soybeans shipped by barge to U.S. Gulf Coast terminals on Thursday in potential signs of export demand, traders said.U.S. President Donald Trump said he hopes to raise the issue of soybeans with Chinese leader Xi Jinping during their upcoming ...Reuters
Thu, Oct 9
ICL Group U.S. Doe Informed It Decided To Discontinue Funding For Establishment Of LFP Cathode Active Material Manufacturing Plant In US
Oct 9 (Reuters) - Icl Group Ltd ICL.TA:ICL GROUP LTD: U.S. DOE INFORMED IT DECIDED TO DISCONTINUE FUNDING FOR ESTABLISHMENT OF LFP CATHODE ACTIVE MATERIAL MANUFACTURING PLANT IN USICL GROUP LTD: CO REVIEWING DOE'S ANNOUNCEMENT AND IMPLICATIONS THEREOFICL GROUP LTD: EXAMINING CONTINUATION OF PROJ...Reuters
Thu, Oct 9
US Plains HRW Wheat-Basis steady-firmer on domestic demand
CHICAGO, Oct 9 (Reuters) - Basis bids for hard red winter wheat firmed in a few locations in the southern U.S. Plains on Thursday, supported by light demand from domestic flour millers at a time when farmer selling has been minimal, dealers said. K.C. HRW wheat futures continued to hover near life-...Reuters
Thu, Oct 9
Architectural products firm Apogee Q2 net sales beat estimates
OverviewApogee Enterprises Inc Q2 net sales rise 4.6% to $358 mln, beating analyst expectationsAdjusted EPS for Q2 beats analyst expectations at $0.98Company's Q2 adjusted EBITDA margin fell due to lower prices and unfavorable mixOutlookCompany expects fiscal 2026 net sales of $1.39 bln to $1.4...Reuters
Thu, Oct 9
