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LMEWEEK-Trafigura CEO downplays role of AI, defence in copper demand
By Tom Daly LONDON, Oct 13 (Reuters) - Traditional applications for copper will continue to account for the vast majority of demand for the metal over the next decade, rather than data centres and the defence industry, the CEO of trading house Trafigura said on Monday.Speaking at the LME Week s...Reuters
12 minutes ago
Oil recoups some losses after US-China trade tensions
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
12 minutes ago
India, US to hold trade talks as New Delhi seeks higher energy imports
India trade delegation to visit Washington later this week Both sides aim to sign first tranche of trade deal next monthIndia to boost U.S energy purchases to address concerns By Manoj Kumar NEW DELHI, Oct 13 (Reuters) - India and the United States are set to hold trade talks this week, with New ...Reuters
20 minutes ago
Airlines face 'price gouging' by green jet fuel sellers, IATA says
By Joanna Plucinska and Tim Hepher LONDON/PARIS, Oct 13 (Reuters) - Fuel suppliers are using European Union green jet fuel mandates to inflate costs for airlines through surcharges, nearly doubling prices compared to market rates, the head of airlines body IATA said in an interview calling for po...Reuters
33 minutes ago
RPT-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
33 minutes ago
UN shipping emissions deal to pit US against EU-led bloc
IMO to meet Oct 14-17 to decide on formal adoption of carbon levyUS threatens retaliation against countries backing measurePreliminary deal reached in April after US pulled out of talksLevy could collect $11 billion-12 billion in 2028-2030By Enes Tunagur LONDON, Oct 13 (Reuters) - The Internation...Reuters
34 minutes ago
FACTBOX-BofA hikes gold price forecast to $5,000/oz for 2026
Oct 13 (Reuters) - Bank of America Global Research on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5,000 an ounce, with an average of around $4,400. Gold surged above $4,000 an ounce for the first time ever on October 8. Gold prices ...Reuters
42 minutes ago
Saudi Aramco can sustain 12 million bpd maximum oil capacity for a year, CEO says
By Shadia Nasralla, Stephanie Kelly and Yousef Saba LONDON, Oct 13 (Reuters) - Saudi Aramco can sustain crude oil production at 12 million barrels per day (bpd) for a year without incurring additional costs, Chief Executive Amin Nasser said on Monday.Saudi Arabia holds a substanti...Reuters
52 minutes ago
Clove farm in Indonesia's Lampung contaminated with Caesium 137, task force says
Traces of Cs-137 found in clove farm, but hasn't spreadMaritime and fisheries ministry to certify shrimp exportsGovt could move residents near contaminated industry park JAKARTA, Oct 13 (Reuters) - A clove farm in Indonesia's Lampung province has been contaminated with Caesium 137, a r...Reuters
57 minutes ago
TIMELINE-Trump's trade war: Tariff deadlines and key upcoming events
Oct 13 (Reuters) - U.S. President Donald Trump's tariff strategy has injected uncertainty into global financial markets, exacerbated by legal challenges to the levies and Trump's push for bilateral trade deals.Trump's order on "reciprocal" tariffs for exports from 69 trading part...Reuters
an hour ago
Soaring gold prices bring new headache to Tiffany-owner LVMH
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
an hour ago
METALS-Copper rises as US-China trade tension fears ease
By Pratima Desai LONDON, Oct 13 (Reuters) - Copper prices recovered on Monday as hopes of easing trade tensions between the United States and China and stronger Chinese imports of the industrial metal lifted sentiment. Benchmark copper CMCU3 on the London Metal Exchange was up 1% at $10,...Reuters
2 hours ago
Senate Republicans face states' healthcare concerns in high-stakes shutdown standoff
Handful of Senate Republicans voice concern about health insurance subsidy expirationNone have yet broken with party or voted for extensionObamacare enrollment surged in Republican states due to expanded subsidiesACA politics and distrust hinder shutdown resolution on Capitol HillBy Bo Erickson, Ric...Reuters
2 hours ago
JPMorgan unveils $1.5 trillion plan to boost investments in US strategic industries
JPMorgan kicks off decade-long investment push in four sectorsBank also sets aside $10 billion for direct investmentsCEO Dimon calls for policy changes, fewer roadblocksTo hire more bankers to supports initiativeBy Nupur Anand NEW YORK, Oct 13 (Reuters) - JPMorgan Chase JPM.N launched a $1.5 tril...Reuters
2 hours ago
Exxon sees tighter oil market in medium-long term, CEO says
LONDON, Oct 13 (Reuters) - U.S. energy major ExxonMobil XOM.N sees a tighter oil market in the medium to longer term, particularly in the absence of further investments in unconventional oil and gas assets, Chief Executive Darren Woods said on Monday.Oil market oversupply is likely to be a short-ter...Reuters
2 hours ago
Russia says it supplies Iran with equipment it needs as part of military cooperation
MOSCOW, Oct 13 (Reuters) - Russian Foreign Minister Sergei Lavrov said on Monday that Moscow was legally supplying Iran with military equipment it needed.At the instigation of European governments, the United Nations reinstated an arms embargo and other sanctions on Iran over its nuclear program on ...Reuters
2 hours ago
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
2 hours 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
3 hours 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
3 hours ago
