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PRECIOUS-Gold hits record high on U.S. government shutdown and Fed rate cut bets
Gold hits record high of $3,858.18 an ounceUS central bank expected to cut interest rates this monthADP national employment report due later todayBy Ishaan Arora Oct 1 (Reuters) - Gold prices hit a record high on Wednesday, supported by safe-haven demand as the U.S. government shut down most oper...
Reuters
Wed, Oct 1
US weekly petroleum data to go out as scheduled on Wednesday, EIA says
WASHINGTON, Oct 1 (Reuters) - Weekly petroleum data from the U.S. Energy Information Administration will run as scheduled on Wednesday despite the federal government shutdown, the agency said."Until further notice, the EIA.gov website will continue to be updated, and publications will continue t...
Reuters
Wed, Oct 1
US weekly petroleum data to go out as scheduled on Wednesday, Energy Information Administration says
WASHINGTON, Oct 1 (Reuters) - Weekly petroleum data from the U.S. Energy Information Administration will run as scheduled on Wednesday despite the federal government shutdown, the agency said."Until further notice, the EIA.gov website will continue to be updated, and publications will continue t...
Reuters
Wed, Oct 1
GRAINS-Chicago grains extend fall after USDA data; soybeans below $10
USDA stocks data adds to supply pressureU.S. soybeans faced with absence of Chinese demandIncreased USDA production estimate also weighs on wheatBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Oct 1 (Reuters) - Chicago soybean, corn and wheat futures extended losses on Wednesday to new multi-w...
Reuters
Wed, Oct 1
Ukraine's Naftogaz buys 0.5 bcm of US LNG, CEO says
KYIV, Oct 1 (Reuters) - Ukraine's state energy firm Naftogaz has purchased 0.5 billion cubic metres of U.S. LNG, most of which has already been delivered to the country, the company's CEO said on Wednesday. Sergii Koretskyi added that the company is pumping gas into underground storage ...
Reuters
Wed, Oct 1
PRESS DIGEST-Canada - October 1
Oct 1 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Shareholder advisor Glass Lewis is backing Cenovus Energy's CVE.TO friendly $7-billion takeover of MEG Energy MEG.TO over ...
Reuters
Wed, Oct 1
Gold Price Forecast: XAU/USD, at fresh highs near $3,900 on risk-off markets
Risk-averse markets, following the closure of the US federal government, are boosting demand for precious metals on Wednesday.
Gold
Fxstreet
Wed, Oct 1
Saipem CEO does not see regulatory risks for merger with Subsea7
MILAN, Oct 1 (Reuters) - Saipem SPMI.MI does not see regulatory risks for its planned merger with Norwegian rival Subsea7 SUBC.OL, the CEO of the Italian energy contractor said on Wednesday, shrugging off concerns about potential hurdles in the Brazilian market. "We firmly believe that there is ...
Reuters
Wed, Oct 1
Flash floods kill nine in Odesa after heavy rain in southern Ukraine
Oct 1 (Reuters) - Flash floods in Ukraine's Odesa killed nine people including a family of five trapped in their home as it was engulfed by water, emergency services said on Wednesday, as torrential rain left hundreds in need of rescue and thousands without power.Teams worked through the night t...
Reuters
Wed, Oct 1
Deals of the day-Mergers and acquisitions
Oct 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:** Ingka Group, the biggest global IKEA retailer, has acquired a Manhattan property where it plans to open a new store as part of the furniture group's expansion in the United States...
Reuters
Wed, Oct 1
Brazil's Jacu bird poo-poos US tariffs as specialty coffee sector suffers
Jacu bird coffee counts on popularity in Japan, Europe, Brazil amid US tariffsTariffs cause 70% drop in Brazil's specialty coffee exports to US in AugustJacu Bird coffee unaffected by tariffs, but other Brazilian coffees sufferBy Oliver GriffinDOMINGOS MARTINS, Brazil, Oct 1 (Reuters) - Brazil...
Reuters
Wed, Oct 1
Kremlin says it's silly for Kyiv to say Russia is shelling Zaporizhzhia nuclear plant given Moscow controls it
MOSCOW, Oct 1 (Reuters) - The Kremlin said on Wednesday that it was foolish for Ukraine to accuse Russia of shelling the Zaporizhzhia nuclear power plant in southern Ukraine given that Moscow controls the facility. The vast Soviet-built plant is being cooled by emergency diesel generators for a nint...
Reuters
Wed, Oct 1
Forecaster opens access to real-time data in boost for extreme weather warnings
Europe's top forecaster collects 800 million observations a day Access to quality data is central part of managing risksWill provide AI forecasting support for developing countriesBy Alison WithersCOPENHAGEN, Oct 1 (Reuters) - Europe's top weather forecaster said on Wednesday it had opened a...
Reuters
Wed, Oct 1
Russia says external power needed for Ukraine nuclear plant cooled by emergency generators
Zaporizhzhia reactors are shut downEmergency generators are cooling the reactorsExternal power line was cut on September 23Radiation levels are normal, IAEA and Russia say By Guy Faulconbridge and Anastasia LyrchikovaMOSCOW, Oct 1 (Reuters) - External power must be restored to the vast Soviet-built ...
Reuters
Wed, Oct 1
German power grid fees set to drop by more than half in 2026
BERLIN, Oct 1 (Reuters) - Germany's transmission system operators announced preliminary electricity grid fees for 2026, projecting a 57% reduction, contingent on government subsidies.The reduction offers relief for consumers and industrial customers suffering from electricity costs that are amon...
Reuters
Wed, Oct 1
Serbia’s NIS granted US sanctions waiver until October 8
BELGRADE, Oct 1 (Reuters) - The U.S. Department of the Treasury has granted a special licence delaying full sanctions on Serbia's Russian-owned oil company NIS NIIS.BEL and allowing its operations to continue until October 8, NIS said on Wednesday. NIS operates the only oil refinery in the Balka...
Reuters
Wed, Oct 1
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Fxstreet
Wed, Oct 1
WTI Price Forecast: Languishes near $61.50 support zone; seems vulnerable
West Texas Intermediate (WTI) US Crude Oil prices extend last week's retracement slide from the $66.20 region, or the highest level since August 4, and drift lower for the fourth successive day on Wednesday.
WTI
Fxstreet
Wed, Oct 1
Caspian Pipeline Consortium says marine terminal loadings for January-September up almost 12% y/y
MOSCOW, Oct 1 (Reuters) - The Caspian Pipeline Consortium said on Wednesday that oil loading volumes at its marine terminal reached 55.51 million tons in the period from January to September, up almost 12% year-on-year.
Reuters
Wed, Oct 1
Russian management of Zaporizhzhia nuclear plant says external power must be restored
MOSCOW, Oct 1 (Reuters) - The Russian-installed management of Ukraine's Zaporizhzhia nuclear plant said on Wednesday that the situation at the plant is under control and radiation levels normal, but that it is important that external power be restored as soon as possible.The vast Soviet-built Za...
Reuters
Wed, Oct 1
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