News
Important Only
Congo to permanently ban cobalt exporters that breach quotas, says President Tshisekedi
By Ange Kasongo Kinshasa, Oct 6 (Reuters) - The Democratic Republic of Congo will permanently ban cobalt exporters that violate its new quota system, President Felix Tshisekedi has warned, as the world's top producer tightens controls to curb fraud and stabilize prices.Congo, which accounts f...Reuters
Mon, Oct 6
Heavy rains trigger floods, landslides killing 18 in India's Darjeeling
Oct 6 (Reuters) - Floods and landslides unleashed by unrelenting rain in India's eastern hill region of Darjeeling killed at least 18 people, after washing away homes, roads and bridges, authorities said, while the death toll in neighbouring Nepal rose to 50.Several people were still missing on ...Reuters
Mon, Oct 6
PRECIOUS-Gold sails past $3,900/oz for first time on safe-haven bids
Gold hits all-time high of $3,944.63/ozYen sinks as Takaichi win spurs bets of fiscal easingFed's Miran wants aggressive rate cutsBy Brijesh Patel Oct 6 (Reuters) - Gold surged past the $3,900-an-ounce level for the first time on Monday, driven by safe-haven demand following a fall in the yen...Reuters
Mon, Oct 6
Still no external power at Russian-controlled Zaporizhzhia nuclear plant but situation is safe, RIA reports
MOSCOW, Oct 6 (Reuters) - It's still not possible to connect the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine to an external power source due to a tense situation but things are under control, the RIA state news agency said on Monday.RIA cited the plant's Russian-c...Reuters
Mon, Oct 6
PRESS DIGEST- Wall Street Journal - October 6
Oct 6 (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.- OPEC+ agreed to raise oil output by 137,000 barrels per day in November, matching October's increase, as the Saudi-led group seeks to max...Reuters
Mon, Oct 6
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.50 per barrel, up from Friday’s close at $60.51.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $64.28.Fxstreet
Mon, Oct 6
RPT-COLUMN-Surging OPEC+ oil output leaves market with shrinking shock absorbers: Bousso
OPEC+ agrees to increase output by another 137,000 bpd in NovemberAs production increases, group's spare capacity dwindlesBut OPEC+ might not have as much spare capacity as thoughtBy Ron Bousso LONDON, Oct 6 (Reuters) - OPEC+'s continued oil output increases are eroding the group's sp...Reuters
Mon, Oct 6
TABLE-North Sea gas maintenance schedule: Adds Karsto outage
Oct 6 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Mon, Oct 6
PRESS DIGEST- New York Times business news - October 6
Oct 5 (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.- Costco COST.O members with a valid prescription can access a four-week supply of Novo Nordisk's NOVOb.CO popular weight-loss dr...Reuters
Mon, Oct 6
RPT-EXCLUSIVE-Trump administration eyes stake in company developing Greenland rare earths mine
Trump administration officials discuss equity interest in Greenland rare earths projectWashington has taken stakes in other minerals companiesAdministration official says hundreds of companies seek administration investment in critical mineralsBy Jarrett Renshaw, Ernest Scheyder and Gram Slattery ...Reuters
Mon, Oct 6
Gold buying remains unabated amid Fed rate cut bets and US government shutdown
Gold (XAU/USD) surges past the $3,900 round figure during the Asian session on Monday, hitting a fresh record high amid the growing acceptance for additional interest rate cuts by the US Federal Reserve (Fed).
Fxstreet
Mon, Oct 6
Boeing Said To Prepare For 737 Rate Hike As Soon As October - Bloomberg News
Oct 6 (Reuters) - BOEING SAID TO PREPARE FOR 737 RATE HIKE AS SOON AS OCTOBER - BLOOMBERG NEWSBOEING CO. IS GUIDING SUPPLIERS THAT 737 MAX OUTPUT COULD REACH A 42-JET MONTHLY TEMPO AS EARLY AS OCTOBER - BLOOMBERG NEWSSource text: [https://tinyurl.com/35f4e28j]Reuters
Mon, Oct 6
WTI climbs above $61.50 on lower-than-expected OPEC+ output hike
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.55 during the Asian trading hours on Monday. The WTI jumps after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to raise production by a modest amount in November.Fxstreet
Mon, Oct 6
GRAINS-Soybeans fall for second session on supply pressure, wheat eases
Rapidly advancing U.S. harvest weighs as China remains absentWheat falls after gains driven by bargain-buying, corn firms SINGAPORE, Oct 6 (Reuters) - Chicago soybean futures lost more ground on Monday, as an advancing U.S. harvest and a lack of Chinese buying continued to weigh on the market.Cor...Reuters
Mon, Oct 6
PRECIOUS-Gold sails past $3,900/oz for first time on safe-haven bids
Gold hits all-time high of $3,924.39/ozYen sinks as Takaichi win spurs bets of fiscal easingFed's Miran wants aggressive rate cutsBy Brijesh Patel Oct 6 (Reuters) - Gold surged past the $3,900-an-ounce level for the first time on Monday, driven by safe-haven demand following a fall in the yen...Reuters
Mon, Oct 6
Freeport confirms all seven missing workers dead after Indonesia mine disaster
Oct 5 (Reuters) - Miner Freeport FCX.N said on Sunday that all seven workers who went missing after a mud-flow disaster at Indonesia's Grasberg copper and gold mine have been confirmed dead, following the discovery of five more bodies.Around 800,000 metric tons of wet material flooded the mine o...Reuters
Mon, Oct 6
METALS-Copper hits more than 16-month high on supply worries
By Brijesh Patel Oct 6 (Reuters) - Copper rose to a more than 16-month high on Monday, supported by concerns about supply from top producer Chile and major supplier Indonesia.Three-month copper on the London Metal Exchange CMCU3 was up 0.7% at $10,792 per metric ton by 0147 GMT, hitting its highe...Reuters
Mon, Oct 6
