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Tiffany owner LVMH braces for margin erosion as gold hits record highs
Record-high gold prices could weigh on margins of luxury brandsThe price of gold has doubled in two yearsAny price hikes by luxury brands will have to be gradualBy Mimosa SpencerPARIS, Oct 13 (Reuters) - The doubling of gold prices in two years, along with U.S. tariffs and a weaker dollar, have made...Reuters
16 minutes ago
Clove farm in Indonesia's Lampung has Caesium 137 contamination, task force says
JAKARTA, Oct 13 (Reuters) - A clove farm in Indonesia's Lampung province has contamination from Caesium 137, a radioactive isotope, although it is limited and has not spread to other commodities, a special task force looking into contamination cases said on Monday.Cloves from the farm on the isl...Reuters
49 minutes ago
Oil recoups some losses as investors focus on US-China trade talks
Brent and WTI rebound from 5-month lowsChina September crude imports rise 3.9% on yearFirst Israeli hostages released from GazaBy Enes Tunagur LONDON, Oct 13 (Reuters) - Oil prices rose on Monday after hitting five-month lows in the previous session, as investors focused on potential talks betwee...Reuters
55 minutes ago
Russia denies malfunction on submarine that surfaced off France
MOSCOW, Oct 13 (Reuters) - Russia on Monday denied a report that one of its submarines was suffering technical problems after the vessel surfaced off the coast of northern France.NATO's Maritime Command published photographs on October 9 of what it said was a French navy frigate observing a Russ...Reuters
an hour ago
India-U.S. stick to fall deadline for early part of trade deal, Indian official says
NEW DELHI, Oct 13 (Reuters) - India and the United States are sticking to a fall 2025 deadline for the first part of a trade deal between the two countries, an Indian government official with knowledge of the matter told reporters on Monday.New Delhi was looking to buy more energy, gas from the U.S....Reuters
an hour ago
Clove farm in Indonesia's Lampung has Caesium 137 contamination, task force says
JAKARTA, Oct 13 (Reuters) - A clove farm in Indonesia's Lampung province has been found to be contaminated with Caesium 137, although it is limited and has not spread to other commodities, the radioactive contamination task force said on Monday.Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Adds Atwick outage
Oct 13 (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.OPERATORLOCATIONOUTAG...Reuters
2 hours ago
METALS-Shanghai Copper slides as China-US trade tensions escalate
SHANGHAI, Oct 13 (Reuters) - Shanghai copper tumbled on Monday amid an escalation of trade tension between China and the United States after President Donald Trump’s threat to sharply hike tariffs. The U.S. president on Friday threatened to impose an additional 100% tariff on imports from China and ...Reuters
2 hours ago
Deutsche Bank Forecasts Brent at $61/bbl By End Of 2025
Oct 13 (Reuters) - DEUTSCHE BANK:FORECASTS BRENT AT $61 PER BARREL BY YEAR-END, BEFORE DECLINING TO $55/BBL IN 2026 AS INVENTORIES GROWSAYS "OIL FUNDAMENTAL BALANCES SHOULD WEAKEN TOWARDS YEAR-END, ACCORDING TO DB ESTIMATES. THIS IS PARTLY DUE TO GEOPOLITICS, GIVEN THE LOW LIKELIHOOD OF CHINA AN...Reuters
2 hours ago
PRECIOUS-Gold rises to record as US-China trade woes escalate; silver scales all-time peak
Gold hits record high of $4,078.05/ozTrump imposes additional tariffs of 100% on imports from ChinaPowell set to address the NABE annual meeting on TuesdaySilver hits record high of $51.70By Ishaan Arora Oct 13 (Reuters) - Gold prices soared to a record high on Monday, lifted by safe-haven demand...Reuters
2 hours ago
TIMELINE-Trump's trade war with China in 2025
By Liz Lee and Shi Bu BEIJING, Oct 13 (Reuters) - U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.T...Reuters
3 hours ago
GRAINS-Soybeans steady after Trump's China broadside drives down prices
CANBERRA, Oct 13 (Reuters) - Chicago soybean futures steadied on Monday after an escalation in U.S.-China trade tensions pushed prices down 1.5% in the previous session by reducing hopes that Beijing would end its boycott of U.S. beans. Corn and wheat futures followed soybeans, rising slightly after...Reuters
3 hours ago
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 $59.40 per barrel, up from Friday’s close at $57.91.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $61.96.
Fxstreet
3 hours ago
China copper concentrate imports drop in September on Freeport Indonesia halt
SHANGHAI, Oct 13 (Reuters) - China’s imports of copper concentrate dropped 6.2% in September, reversing two months of growth, as exports from Freeport Indonesia's massive Grasberg mine fell following a mud slide and the expiry of its export license.Copper concentrate imports, which go into smelt...Reuters
4 hours ago
RPT-COLUMN-Turbulent markets fuel LME's recovery from nickel crisis: Andy Home
By Andy Home LONDON, Oct 10 (Reuters) - Crisis? What crisis? It's hard to believe that just over three years ago the London Metal Exchange (LME) was teetering on the brink of a death spiral after its nickel contract blew up. Yet as the global metals industry descends on London for the annual ...Reuters
4 hours ago
COLUMN-Russian hybrid warfare could leave Europe’s energy consumers in the cold: Bousso
Russia intensifies 'hybrid warfare' tactics in EuropeAttacks pose severe threat to European energy infrastructureDiversification and coordination will be key to avoid shocksBy Ron Bousso LONDON, Oct 13 (Reuters) - The recent surge in suspected Russian "hybrid warfare" incidents ac...Reuters
4 hours ago
PRECIOUS-Gold rises to record as US-China trade woes escalate; silver scales all-time peak
Oct 13 (Reuters) - Gold soared to a record high on Monday, lifted by safe-haven demand amid renewed U.S.-China trade tensions and expectations of U.S. Federal Reserve interest rate cuts, while silver also surged to an all-time high.Reuters
4 hours ago
BREAKINGVIEWS-How to cut Russia’s oil revenue by $80 bln a year
By Hugo Dixon BERLIN, Oct 13 (Reuters Breakingviews) - The Group of Seven says it wants to “maximise pressure on Russia’s oil exports”. If the rich industrialised nations are serious, they could slash Moscow’s income from overseas crude by up to $80 billion a year. That would deliver a big blow t...Reuters
5 hours ago
China's rare earth exports fall sharply in September
By Lewis Jackson BEIJING, Oct 13 (Reuters) - China's rare earth exports fell 31% in September from August, customs data showed on Monday, the third straight month of declines. New controls that were introduced by China last week have threatened a trade truce with Washington and the...Reuters
5 hours ago
