News
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UK seeks clarification from European Commision on steel quotas impact
LONDON, Oct 7 (Reuters) - Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission on Tuesday.“We will always defend our critical steel industry which is why we are pushing the European Commission for urgent clarification of the impact of this move...Reuters
Tue, Oct 7
EU to halve steel import quotas to revive domestic industry
BRUSSELS, Oct 7 (Reuters) - The European Commission proposed on Tuesday cutting tariff-free steel import quotas by almost half and a 50% duty for excess shipments in a bid to preserve viable steelmaking in the European Union.Due to rising imports and U.S. tariffs, EU steel producers are operating at...Reuters
Tue, Oct 7
Chevron shakes up exploration with new hire from TotalEnergies
By Sheila Dang HOUSTON, Oct 7 (Reuters) - Chevron CVX.N on Tuesday named a new head of global exploration as CEO Mike Wirth works to improve the company's track record in discovering new sources of oil and gas. Kevin McLachlan will become vice president of exploration effective Nov. 1, su...Reuters
Tue, Oct 7
SOFTS-London cocoa hits 1-1/2 year low, coffee also down
LONDON, Oct 7 (Reuters) - London cocoa futures on ICE hit their lowest in more than 1-1/2 years on Tuesday, with supplies boosted by newly harvested crops from West Africa, while demand remained weak. COCOA* London cocoa LCCc2 fell 2.1% to 4,310 pounds per metric ton at 1439 GMT, after hi...Reuters
Tue, Oct 7
StoneX and Expana to launch OTC dairy derivatives
PARIS, Oct 7 (Reuters) - Commodity broker StoneX has partnered with price reporting agency Expana to launch over-the-counter dairy contracts based on Expana's European dairy price benchmarks, the companies said on Tuesday.The initial contracts will cover fat-filled milk powder and high-protein w...Reuters
Tue, Oct 7
Chobani urges end to Dannon parent's cold-brew coffee lawsuit
By Jonathan Stempel NEW YORK, Oct 7 (Reuters) - Chobani urged a U.S. judge to dismiss a lawsuit by Danone, the parent of rival U.S. yogurt brand Dannon, claiming it copied the packaging and "Bright & Mellow" slogan for a competing line of ready-to-drink cold brew coffee.Danone DANO.PA...Reuters
Tue, Oct 7
Not in Poland's interest to give Germany Nord Stream suspect, Tusk says
WARSAW, Oct 7 (Reuters) - It is not in Poland's interest to hand over a Ukrainian man wanted by Germany for suspected involvement in explosions which damaged the Nord Stream gas pipelines, the Polish prime minister said on Tuesday. Donald Tusk said that ultimately it was for the court t...Reuters
Tue, Oct 7
Brazil sets $1.9 billion minimum for pre-salt fields auction
RIO DE JANEIRO, Oct 7 (Reuters) - Brazil's government has set a minimum total payment of 10.2 billion reais ($1.91 billion) for an upcoming auction offering stakes in three pre-salt oil fields already in production but not yet contracted, state-run firm Pre-Sal Petroleo (PPSA) said.The auction, ...Reuters
Tue, Oct 7
EU proposes out-of-quota duty of 50% for imported steel, Sejourne says
BRUSSELS, Oct 7 (Reuters) - The European Commission proposes an out-of-quota duty of 50% for imported steel, EU Commissioner Stephane Sejourne said on Tuesday."This is the new safeguard clause on steel. This is the reindustrialization of Europe.", Sejourne said in a post on X.Reuters
Tue, Oct 7
U.S. propane inventories well stocked heading into winter heating season, EIA says
Oct 7 (Reuters) - The U.S. is well stocked with propane heading into the winter, the U.S. Energy Information Administration said on Tuesday.For the week ending September 26, U.S. propane inventory was 103 million barrels, about 13 million barrels more than the previous five-year average for this tim...Reuters
Tue, Oct 7
Global renewable power output overtakes coal for the first time, report says
By Susanna Twidale LONDON, Oct 7 (Reuters) - Renewable energy sources generated more electricity than coal globally for the first time in the first half of 2025, driven by rapid growth in China and India, a report by think tank Ember showed on Tuesday.Curbing coal power generation, which emits ar...Reuters
Tue, Oct 7
US natural gas prices edge up 1% on daily output drop
Pipeline constraints keep Waha Hub prices negativeAmple storage and mild weather forecast limit demandLower 48 states see drop in gas output, LSEG reportsBy Scott DiSavino Oct 7 (Reuters) - U.S. natural gas futures edged up about 1% on Tuesday on a decline in daily output.That increase came despi...Reuters
Tue, Oct 7
EXPLAINER-How companies are steering IPO plans amid US government shutdown
By Manya Saini Oct 7 (Reuters) - Companies looking to sidestep disruptions caused by the U.S. government shutdown to their initial public offerings can tap a provision that allows them to press ahead with their listing plans without the need for regulatory approvals.Biotech startup MapLight becam...Reuters
Tue, Oct 7
Rescuers race to evacuate stranded Everest hikers by Tuesday, source says
Blizzard trapped at least 550 trekkers near Everest in TibetSince Sunday, about 350 hikers have been led to safetySnowstorms also hit Xinjiang, Qinghai, Gansu in western ChinaBy Ryan Woo BEIJING, Oct 7 (Reuters) - More than 200 trekkers still stranded in freezing temperatures near the eastern fac...Reuters
Tue, Oct 7
CBOT Trends-Soybeans up 2-4 cents, corn mixed, wheat steady-up 1 cent
CHICAGO, Oct 7 (Reuters) - The 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 Tuesday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Steady to up 1...Reuters
Tue, Oct 7
SOFTS-London cocoa hits 1-1/2 year low as harvest gets underway, coffee heads lower
LONDON, Oct 7 (Reuters) - London cocoa futures on ICE hit their lowest in more than 1-1/2 years on Tuesday as dealers remained hopeful about harvest prospects in West Africa, while arabica coffee fell. COCOA* London cocoa LCCc2 fell 2.1% to 4,309 pounds per metric ton at 1250 GMT, after h...Reuters
Tue, Oct 7
Silver price slips amid US Dollar strength, but record high remains achievable
Silver (XAG/USD) edges 0.2% lower for the day on Tuesday, trading around $48.60 per troy ounce at the time of writing, after setting a new 14-year high at $48.77 on Monday. This consolidation move comes as the US Dollar (USD) regains traction, capping the metal’s bullish momentum.
Fxstreet
Tue, Oct 7
