News
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Modi says he and Trump, in call, reviewed "good progress" in trade negotiations
Oct 9 (Reuters) - Indian Prime Minister Narendra Modi said he spoke to U.S. President Donald Trump on Thursday, adding that they "reviewed good progress achieved in trade negotiations" and agreed to stay in close touch over the coming weeks.Indian commerce ministry officials have said after ...Reuters
Thu, Oct 9
Trump says shutdown will lead to permanent cuts to Democratic programs
WASHINGTON, Oct 9 (Reuters) - President Donald Trump said on Wednesday that his administration will use the ongoing government shutdown to make permanent cuts to what he called “Democrat programs,” signaling a push to shrink federal spending and reorient priorities toward his political base.Reuters
Thu, Oct 9
PRECIOUS-Gold holds above $4,000, silver breaks through $50 for first time
Joy in Israel and Gaza after ceasefire announcedSilver breached the $50/oz level for the first timeFed's Williams says he backs more rate cuts this yearBy John Biju and Kavya Balaraman Oct 9 (Reuters) - Gold prices eased on Thursday as some investors booked profits, but remained above $4,000 ...Reuters
Thu, Oct 9
METALS-Copper hits $11,000 a ton as investors bet on shortages
By Tom Daly Oct 9 (Reuters) - Copper struck $11,000 per metric ton on Thursday, a milestone not seen for 16 months as investors piled into the metal after a series of disruptions to mine supply led to fears of shortages, while aluminium hit a more than three-year peak. Benchmark three-month cop...Reuters
Thu, Oct 9
Democratic bill to end US government shutdown falling short of passage in Senate, voting continues
WASHINGTON, Oct 9 (Reuters) - A Democratic bill to fund the U.S. government and end a shutdown was falling short of the votes needed for passage in the Senate on Thursday, as voting continued.Reuters
Thu, Oct 9
US-based Flagship Gold signs deal to revive Mali's Morila mine
DAKAR, Oct 9 (Reuters) - New York-based Flagship Gold Corp has signed a partnership agreement with Mali's state-owned miner to restart production at the Morila gold mine, the first U.S. investment under the military-led nation's new mining code, Mali's government said.The agreement, sign...Reuters
Thu, Oct 9
Russia says Ukraine blew up ammonia pipeline in Donetsk region
MOSCOW, Oct 9 (Reuters) - The Russian defence ministry said on Thursday that Ukrainian forces had blown up an ammonia pipeline near the settlement of Rusyn Yar in the Donetsk region of eastern Ukraine. Reuters could not independently confirm the incident. There was no immediate comment from Ukraine...Reuters
Thu, Oct 9
Holtec walks away from nuclear waste project in New Mexico
By Timothy Gardner WASHINGTON, Oct 9 (Reuters) - Private nuclear power company Holtec said this week it is walking away from a project to store nuclear waste in New Mexico, despite a U.S. Supreme Court ruling in June that gave some hope to projects aiming to store the radioactive material.In June...Reuters
Thu, Oct 9
IAEA says process has been set to restore external electricity to Ukraine's Zaporizhzhia nuclear power plant
Oct 9 (Reuters) - The International Atomic Energy Agency said on Thursday that a process had been set in motion to help restore external electricity to Ukraine's Zaporizhzhia nuclear power plant following frequent contacts with Russia and Ukraine in recent weeks to address the site's latest ...Reuters
Thu, Oct 9
Germany's Merz opposes EU's hard cut-off for combustion cars from 2035
Merz says time needed to explore alternative energy sourcesEU targets 100% CO2 reduction from new cars by 2035Automakers want longer deadlines, broader technology definitionsBy Andreas Rinke and Christian Kraemer BERLIN, Oct 9 (Reuters) - Chancellor Friedrich Merz vowed to do everything possible ...Reuters
Thu, Oct 9
EXCLUSIVE-Germany's PSI Software nears takeover as investors circle, say sources
By Alexander Hübner and Amy-Jo CrowleyMUNICH, Oct 9 (Reuters) - Germany's PSI Software PSAGn.DE is close to being taken over, with several financial investors circling the maker of software for energy networks, three people familiar with the matter told Reuters on Thursday.One of the sources sai...Reuters
Thu, Oct 9
ARA gasoil stocks rise 2%, Insights Global data shows
LONDON, Oct 9 (Reuters) - Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by about 2% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoil stocks, which include diesel, stood at 2.25 million metric tons, rising on ...Reuters
Thu, Oct 9
Fintech company Younited strikes 400 mln euros warehouse financing facility
Oct 9 (Reuters) - Fintech firm Younited YOUNI.AS, which provides personal loans and credit, announced it secured a 400 million euros ($464.48 million) warehouse financing facility with U.S. bank Citi C.N, backed by French and Italian consumer loans.Warehouse financing is a short-term financing optio...Reuters
Thu, Oct 9
PRECIOUS-Gold stays above $4,000 level, silver breaks through $50 for first time
Joy in Israel and Gaza after ceasefire announcedSilver breached the $50/oz level for the first timeFed's Williams says he backs more rate cuts this yearBy John Biju and Kavya Balaraman Oct 9 (Reuters) - Gold prices eased on Thursday as some investors booked profits, but remained above the $4,...Reuters
Thu, Oct 9
FACTBOX-What are the five rare earths targeted by China's export controls?
By Alessandro Parodi Oct 9 (Reuters) - China said on Thursday it planned to add five more rare earth elements and related materials to its export controls list, tightening its grip on the sector ahead of talks between Presidents Donald Trump and Xi Jinping.China produces over 90% of the world'...Reuters
Thu, Oct 9
US sanctions hit Serbia's Russian-owned oil firm NIS
Croatia halts crude shipments to Serbia, affecting NIS operationsSerbia's President warns of severe consequences for country's economyNIS faces challenges in securing alternative crude supply routesBy Aleksandar Vasovic and Ivana Sekularac BELGRADE, Oct 9 (Reuters) - The United States imp...Reuters
Thu, Oct 9
Deals of the day-Mergers and acquisitions
October 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Artificial intelligence-focused broker consolidator Equal Parts announced that it has acquired Albuquerque-based Strategic Insurance.nL6N3VQ0D7 ** Novo Nordisk NVOb.CO sai...Reuters
Thu, Oct 9
Silver Soars Past $50, Setting New COMEX Record Amid Supply Crunch
TradingKey - On October 9, spot silver surged over 3% in a single day, reaching a high of $50.37 per ounce, surpassing the previous COMEX (New York Mercantile Exchange) record of $50.35 set on January 18, 1980. Silver prices have soared more than 70% this year, outpacing the record gains seen in gol
TradingKey
Thu, Oct 9
CBOT Trends-Wheat up 1-4 cents, corn down 1/2 to 1 cent, soy down 4-6 cents
CHICAGO, Oct 9 (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 Thursday.NOTE: The U.S. government remains shut down, suspending many government reports, including the U.S. Department of Agric...Reuters
Thu, Oct 9
