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Australia's Lynas partners with Noveon to supply rare-earth magnets to the US
Oct 8 (Reuters) - Australia's Lynas Rare Earths LYC.AX has partnered with U.S.-based manufacturer Noveon Magnetics to supply rare-earth permanent magnets to defense and commercial sectors in the U.S., the two companies said on Wednesday.Reuters
Wed, Oct 8
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $61.95 per barrel, up from Tuesday’s close at $61.74.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.56 price posted on Tuesday, and trading at $65.77.
Fxstreet
Wed, Oct 8
ANALYSIS-Turkey's gas shift threatens Russia and Iran's last big European market
Production, LNG imports to cover half of needs by 2028Turkey is Russia's last big remaining European gas marketU.S. pushing allies to cut energy ties to Moscow, TehranTurkey increasingly shunning long-duration pipeline contractsBy Can Sezer ISTANBUL, Oct 8 (Reuters) - Turkey could meet more t...Reuters
Wed, Oct 8
ANALYSIS-Rising tungsten prices worsen oil drillers' inflation worries
China imposed export controls on five critical metals in FebruaryChina supplies 83% of global tungsten, USGS saysRising tungsten costs could add $3,000–$25,000 to oilfield drillbit prices, expert saysBy Anushree Mukherjee and Shariq Khan Oct 8 (Reuters) - U.S. shale drillers are facing higher pri...Reuters
Wed, Oct 8
Poland - Factors to Watch October 8
WARSAW, Oct 8 (Reuters) - The following are significant news stories, press reports and events on Wednesday. ALL TIMES GMT (Poland: GMT + 2 hours):INTEREST RATESThe Polish Monetary Policy Council will announce its decision on interest rates on Wednesday. Most analysts polled by Reuters expect intere...Reuters
Wed, Oct 8
PRESS DIGEST -Wall Street Journal - October 8
Oct 8 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- New York Stock Exchange owner Intercontinental Exchange ICE.N said it would invest up to $2 billion in Polymarket in a deal that values the p...Reuters
Wed, Oct 8
Anglo American Says Teck's Review Outcome Consistent With Co's Analysis
Oct 8 (Reuters) - Anglo American PLC AAL.L:NOTES STATEMENT ISSUED BY TECK RELATING TO COMPLETION OF ITS COMPREHENSIVE OPERATIONAL REVIEW AND UPDATED OUTLOOKOUTCOME PRESENTED BY TECK BROADLY CONSISTENT WITH CO'S INDEPENDENT DUE DILIGENCE AND ANALYSIS - WEBSITEFULLY SUPPORTIVE OF TECK’S MEASURED A...Reuters
Wed, Oct 8
PRESS DIGEST- New York Times business news - October 8
Oct 8 (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.- Tesla TSLA.O on Tuesday unveiled new versions of its two most popular models, Model Y and Model 3, to sell for $40,000 and $37,000 ...Reuters
Wed, Oct 8
PRECIOUS-Gold crosses $4,000 for first time, building on historic rally
Gold up 53% so far this yearTraders price in 25 bp Fed rate-cut this monthPlatinum, palladium up over 2% each; silver rises over 1%By Brijesh Patel and Anushree Mukherjee Oct 8 (Reuters) - Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mo...Reuters
Wed, Oct 8
COLUMN-Texas wind speeds in focus as rare fossil fuel output cut in reach: Maguire
By Gavin MaguireLITTLETON, Colorado, Oct 8 (Reuters) - Texas's main power generation system is on track for a rare contraction in fossil fuel-fired generation in 2025, as long as output from the state's massive wind farms rises sharply as expected during the final quarter of the year. During...Reuters
Wed, Oct 8
BREAKINGVIEWS-China-BHP spat reinforces M&A appeal
By Antony Currie MELBOURNE, Oct 8 (Reuters Breakingviews) - BHP's BHP.AX shareholders seem exceptionally sanguine about a major threat to its biggest product from its largest customer. Last week Bloomberg reportedthat state-run iron ore buyer China Mineral Resources Group has told major steel...Reuters
Wed, Oct 8
Oil rises as oversupply fear eases after OPEC+ restrains output increase
By Jeslyn Lerh SINGAPORE, Oct 8 (Reuters) - Oil prices rose on Wednesday as investors brushed off oversupply fears, having digested a decision earlier by OPEC+ to restrain production increases next month.Brent crude futures LCOc1 rose 48 cents, or 0.7%, to $65.93 a barrel by 0400 GMT. U.S. West T...Reuters
Wed, Oct 8
PRESS DIGEST-British Business - October 8
Oct 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The TimesLenders have been told by the Financial Conduct Authority to brace for an 11 billion pound ($14.73 billion...Reuters
Wed, Oct 8
PRESS DIGEST- Financial Times - October 8
Oct 8 (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- AstraZeneca blood pressure drug succeeds in late-stage trial- UK pledges to defend steel industry after EU says it will raise tariffs to...Reuters
Wed, Oct 8
GRAINS-Wheat slips towards 5-year lows as Russia steps up exports
CANBERRA, Oct 8 (Reuters) - Chicago wheat futures slipped for a third consecutive session on Wednesday as top exporter Russia stepped up the pace of its exports amid abundant global supply. Soybeans also edged lower and corn futures were flat, with large U.S. harvests in full swing and a rise in the...Reuters
Wed, Oct 8
Gold vaults over $4,000 on rush to safety and Fed easing bets
Oct 8 (Reuters) - Gold smashed through $4,000 an ounce to hit a record high on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve.Spot gold XAU= was up 0.3% at $3,997.09 pReuters
Wed, Oct 8
WTI drifts higher to near $62.00 amid mixed API inventory data
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.90 during the Asian trading hours on Wednesday. The WTI edges higher after a mixed US inventories report. Traders brace for the US Energy Information Administration (EIA) stockpiles report later on Wednesday.Fxstreet
Wed, Oct 8
METALS-Copper slips on profit-taking as US dollar firms
By Brijesh Patel Oct 8 (Reuters) - Copper prices slipped on Wednesday as a stronger U.S. dollar prompted some investors to book profits after the red metal hit a 16-month high earlier this week on concerns over supply disruptions.Three-month copper on the London Metal Exchange CMCU3 fell 0.6% to ...Reuters
Wed, Oct 8
