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Ferrari share stumble spoils electric vehicle tech launch
Elettrica EV to launch next yearShares tumble after new financial targets announcedFerrari shifts to less ambitious electrification strategyPlans four new models per year, new lifestyle storesCEO says reasonable to expect second EV within 2030 planBy Giulio Piovaccari and Keith Weir MARANELLO, It...Reuters
Thu, Oct 9
US natgas prices edge up ahead of storage report on forecasts for cooler weather, more demand
Waha Hub prices turn negative again on pipeline constraintsTropical Storm Jerry not expected to hit US mainlandEnergy firms likely added less gas to storage than normal last weekGas storage levels likely 4% above normal for this time of yearBy Scott DiSavino Oct 9 (Reuters) - U.S. natural gas fut...Reuters
Thu, Oct 9
FACTBOX-What critical minerals are on China's export control list now?
By Ashitha Shivaprasad, Amy Lv and Alessandro Parodi BENGALURU/BEIJING, Oct 9 (Reuters) - China on Thursday expanded its export controls over rare earths and related technology in a move to further tighten its grip and dominance on the critical minerals key to the energy transition. Five more med...Reuters
Thu, Oct 9
Gold holds steady near record highs as traders await Powell’s remarks
Gold (XAU/USD) steadies on Thursday after smashing through the $4,000 psychological mark and setting a fresh all-time high of $4,059 on the previous day. At the time of writing, XAU/USD is trading around $4,040, rebounding from an intraday dip near $4,000 as traders consolidate gains following an ov
Fxstreet
Thu, Oct 9
Gold holds above $4,000; silver hits $50 milestone
Oct 9 (Reuters) - Gold prices held above $4,000 an ounce on Thursday as investors assessed the Israel-Hamas ceasefire deal, while broader geopolitical and economic uncertainty alongside expectations for U.S. rate cuts sustained bullish sentiment towards the metal.Reuters
Thu, Oct 9
ARM Energy to invest $2.3 billion in Mustang Express pipeline in Texas
Oct 9 (Reuters) - ARM Energy Holdings said on Thursday it has reached a final investment decision on its $2.3 billion Mustang Express Pipeline project in Texas, along with its partner Pacific Investment Management Company.ARM, an energy marketing firm, said the project benefits from a long-term agre...Reuters
Thu, Oct 9
GRAINS-Soybeans ease back, wheat regains ground
PARIS/CANBERRA, Oct 9 (Reuters) - Chicago soybean futures eased on Thursday after reaching their highest in more than two weeks, with doubts over harvest yields offset by favourable weather and the absence of Chinese demand.Wheat rose after approaching a five-year low on Wednesday, with signs of imp...Reuters
Thu, Oct 9
ARM Energy Holdings reaches FID on Mustang Express Pipeline project
Oct 9 (Reuters) - Energy marketing services firm ARM Energy Holdings said on Thursday it has reached a final investment decision (FID) on its $2.3 billion Mustang Express Pipeline project in the U.S., along with its partner Pacific Investment Management Company.Reuters
Thu, Oct 9
Arm Energy And Pimco Announce $2.3 Billion Investment In Mustang Express Pipeline
Oct 9 (Reuters) - ARM ENERGY AND PIMCO ANNOUNCE $2.3 BILLION INVESTMENT IN MUSTANG EXPRESS PIPELINEARM ENERGY HOLDINGS: NATURAL GAS PIPELINE TO HAVE TWO PIPELINE SEGMENTS EACH WITH CAPACITY OF 2.5 BILLION CUBIC FEET PER DAYARM ENERGY HOLDINGS: PIPELINES EXPECTED TO BE COMPLETED IN LATE 2028 OR EARLY...Reuters
Thu, Oct 9
Orsted axes quarter of jobs, pivots to Europe after US setbacks under Trump
Orsted plans to cut 2,000 jobs by 2027 Danish company to focus more on offshore wind and EuropeBy Stine Jacobsen and Jacob Gronholt-Pedersen COPENHAGEN, Oct 9 (Reuters) - Orsted ORSTED.CO, the world's biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarte...Reuters
Thu, Oct 9
Chevron expands India hub to boost digital and AI capabilities
By Arunima Kumar BENGALURU, India, Oct 9 (Reuters) - Chevron CVX.N India on Thursday opened a 312,000-square-foot facility for its Engineering and Innovation Excellence Center (ENGINE) in Bengaluru, a year after launching the unit to consolidate technical work and deepen its digital and artificia...Reuters
Thu, Oct 9
Russia says there are no grounds to restart the Zaporizhzhia nuclear power plant for now, Ifax reports
MOSCOW, Oct 9 (Reuters) - Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that there were no grounds to restart the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine for now, the Interfax news agency reported.It cited Ryabkov as saying that such a step could not...Reuters
Thu, Oct 9
PRECIOUS-Gold holds above $4,000; silver hits record high
Israel, Hamas agree to Trump's phase one plan for end to warFed officials say labour market risks high enough for rate cutsSilver hits record high, palladium more than 2-year highBy Anmol Choubey Oct 9 (Reuters) - Gold prices held above $4,000 an ounce on Thursday as investors assessed the Is...Reuters
Thu, Oct 9
Zelenskiy says Russia's gasoline supplies may be down by a fifth after Ukrainian attacks
Ukraine has targeted Russia's refining capacityZelensiky says estimates range from 13%-20% loss of supplyRussia says it has adequate fuel, officials due to discussBy Dan Peleschuk KYIV, Oct 9 (Reuters) - Ukrainian long-range strikes on Russian energy facilities may have reduced gasoline suppl...Reuters
Thu, Oct 9
China announces artificial diamond export curbs set to take effect day before US tariff truce deadline
BEIJING, Oct 9 (Reuters) - China on Thursday announced export curbs on some types of artificial diamonds set to take effect just before the U.S.-China tariff truce is scheduled to end, further tightening Beijing's grip over high-tech manufacturing supply chains.Certain artificial diamond micropo...Reuters
Thu, Oct 9
EXCLUSIVE-Russia's industrial titans furlough workers as its war economy stalls
Cutting costs, firms aim to trim work days, not jobsRailway, construction, auto and mining sectors affectedMove highlights pressure on Russia's war economyNon-military sectors shrank 5.4% since JanuaryBy Anastasia Lyrchikova and Gleb Stolyarov MOSCOW, Oct 9 (Reuters) - From railways and autom...Reuters
Thu, Oct 9
Serbia's NIS refinery can't operate beyond November 1 without crude supplies, president says
BELGRADE, Oct 9 (Reuters) - Serbia's President Aleksandar Vucic said on Thursday that the Russian-owned NIS oil refinery, which was hit by U.S. sanctions on Thursday, would not be able to operate beyond November 1 without crude supplies.Vucic said that the supply of oil derivatives would be stab...Reuters
Thu, Oct 9
Canadian cannabis firm Tilray's Q1 revenue up 5%, net income $1.5 mln
OverviewTilray fiscal Q1 2026 net revenue rises 5% yr/yr to $209.5 mlnNet income for fiscal Q1 2026 was $1.5 mln, a turnaround from a net lossAdjusted EBITDA for fiscal Q1 2026 increased 9% to $10.2 mlnOutlookTilray reiterates fiscal year 2026 adjusted EBITDA outlook of $62 mln to $72 mlnResult Driv...Reuters
Thu, Oct 9
Food safety company Neogen Q1 revenue beats estimates, reaffirms annual guidance
OverviewNeogen Q1 2026 revenue of $209.2 mln beats analyst expectationsAdjusted Net Income for Q1 beats estimates, driven by operational adjustmentsCompany completed divestiture and repaid $100 mln of debtOutlookCompany reaffirms FY2026 revenue guidance of $820 mln to $840 mlnNeogen expects FY2026 a...Reuters
Thu, Oct 9
