News
Important Only
TECHNICALS-CBOT soybeans to fall to $9.85-1/2
For more technical analyses, please click SINGAPORE, Oct 1 (Reuters) - The CBOT soybean November contract SX25 is expected to fall to $9.85-1/2 per bushel, driven by a wave (c).A projection analysis reveals that this wave has briefly travelled below the 138.2% projection level of $9.95-1/4. It is li...Reuters
Wed, Oct 1
Kuwait raises over $11 billion from bond sale as investors pile in to Gulf debt
Kuwait raises $11.25 billion in 3, 5 and 10-year maturitiesOrder books well over $20 billion, indicating strong demandNew public debt law approved after years of political gridlock By Rachna Uppal ABU DHABI, Oct 1 (Reuters) - Kuwait, a top oil producer, raised $11.25 billion from a three-part bo...Reuters
Wed, Oct 1
Exxon expects to cut Singapore staff by 10% to 15% by end-2027
SINGAPORE, Oct 1 (Reuters) - Exxon Mobil Corp XOM.N expects to cut the number of its employees in Singapore by 10% to 15% and move its office to the site of its Jurong plant from downtown by the end of 2027, in global restructuring efforts, the company said on Wednesday.The U.S. major now has about ...Reuters
Wed, Oct 1
PRECIOUS-Gold hits record high as US shutdown, weak job data spur safe-haven rush
Shutdown halts critical economic data, affects federal workersModerate US job openings, weak hiring signal job market strainGold benefits from jitters over soft dollar, political situation By Anmol Choubey Oct 1 (Reuters) - Gold prices surged to a record high on Wednesday, driven by investor dema...Reuters
Wed, Oct 1
Poland - Factors to Watch October 1
WARSAW, Oct 1 (Reuters) - The following are significant news stories, press reports and events on Wednesday. ALL TIMES GMT (Poland: GMT + 2 hours):PRIME MINISTER TUSK IN COPENHAGENOn Wednesday, Prime Minister Donald Tusk will travel to Copenhagen for an informal EU summit, during which the heads of ...Reuters
Wed, Oct 1
African exports face immediate damage from lapse of US trade initiative
African Growth and Opportunities Act expired on TuesdayLaw lapsed despite support for renewal from lawmakers and White HouseLow-margin businesses like apparel to struggle to copeAGOA's benefits to exporters blunted by Trump tariffsBy Aaron Ross and Tim Cocks NAIROBI/JOHANNESBURG, Oct 1 (Reute...Reuters
Wed, Oct 1
KKR invests in ADNOC gas pipeline infrastructure in Middle East push
ABU DHABI, Oct 1 (Reuters) - Global investment firm KKR KKR.N has acquired a minority stake in the entity that leases Abu Dhabi National Oil Company's (ADNOC) gas pipeline assets, it said on Wednesday, without disclosing financial details. KKR, along with BlackRock, had previously invested in AD...Reuters
Wed, Oct 1
Russia plans to increase LNG exports to China from Arctic LNG 2 and Sakhalin 2, RIA says
MOSCOW, Oct 1 (Reuters) - Russia plans to increase LNG exports to China from the Arctic LNG 2 and Sakhalin 2 projects, and "serious joint progress" is underway, Russian Energy Minister Sergei Tsivilev was quoted as saying on Wednesday by state news agency RIA.Reuters
Wed, Oct 1
Fire breaks out at refinery in Russia's Yaroslavl region, governor says
Oct 1 (Reuters) - A fire broke out at an oil refinery in Russia's Yaroslavl region, regional governor Mikhail Yevrayev said on Wednesday, ruling out enemy attack as the cause. "Residents were concerned it might have been the result of an enemy drone attack," Yevrayev said on the Telegram...Reuters
Wed, Oct 1
Nine people die in Ukraine's Odesa region due to floods, state emergency service says
Oct 1 (Reuters) - Nine people, including a child, died in Ukraine's southern city of Odesa and surrounding region as a result of severe weather and floods, state emergency service said on Wednesday.Reuters
Wed, Oct 1
Australia gas market interventions coming up short, regulator finds
SYDNEY, Oct 1 (Reuters) - The Australian government’s recent attempts to bolster domestic gas supply and force down prices have been largely ineffective and may even be exacerbating the risk of a shortfall, the competition regulator said on Wednesday.The Australian Competition and Consumer Commissio...Reuters
Wed, Oct 1
New York AG James sues Homeland Security for nearly $34 million over transit funding freeze
Sept 30 (Reuters) - New York Attorney General Letitia James on Tuesday filed a lawsuit and an emergency motion seeking a temporary restraining order against U.S. Secretary of Homeland Security Kristi Noem and the department, accusing them of unlawfully withholding nearly $34 million in funding reque...Reuters
Wed, Oct 1
US Department of Energy takes 5% stake in Lithium Americas
Oct 1 (Reuters) - Vancouver-based Lithium Americas LAC.TO on Wednesday said that the U.S. Department of Energy (DOE) has taken a 5% stake in the company, which will help it access the first $435 million from a previously announced $2.26 billion loan for the Thacker Pass lithium project.Reuters
Wed, Oct 1
New York AG James sues Homeland Security over $33 million transit funding freeze
Sept 30 (Reuters) - New York Attorney General Letitia James on Tuesday filed a lawsuit and an emergency motion seeking a temporary restraining order against U.S. Secretary of Homeland Security Kristi Noem and the department, accusing them of unlawfully withholding nearly $34 million in funding reque...Reuters
Wed, Oct 1
Silver Price Forecast: XAG/USD remains above $47.00 amid increased safe-haven demand
Silver price (XAG/USD) holds more than 1% gains, trading around $47.15 per troy ounce at the time of writing. The price of the grey metal marked a fresh high of $47.57 during the early Asian hours on Wednesday.
Fxstreet
Wed, Oct 1
METALS-LME copper rises on Chile output slump
By Lucas Liew Oct 1 (Reuters) - London copper futures strengthened on Wednesday, as investors weighed supply concerns following top-producer Chile's steepest output drop in over two years.Three-month copper on the London Metal Exchange CMCU3 gained 0.14% to $10,283 per metric ton by 0250 GMT...Reuters
Wed, Oct 1
