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Trump to have working lunch with Ukraine's Zelenskiy on Friday-senior White House official
WASHINGTON, Oct 13 (Reuters) - President Donald Trump will meet Ukraine President Volodymyr Zelenskiy on Friday for a working lunch, a senior White House official said on Monday.The two leaders spoke on both Saturday and Sunday as Zelenskiy presses for access to more U.S.-made weapons to counter Rus...Reuters
13 minutes ago
Gold tops $4,100/oz on U.S.-China trade tensions, Fed rate cut bets
Oct 13 (Reuters) - Gold surged past $4,100 an ounce for the first time on Monday, buoyed by safe-haven buying as U.S.-China trade tensions resurfaced and expectations of a Federal Reserve rate cut later this month further lifted demand.Spot gold XAU= was up 2.1% at $4,099.59 per ounce by 1447 GMT. U...Reuters
21 minutes ago
LMEWEEK-Sharp divide between copper bulls and bears at industry gathering
Price surge driven by mine disruptions, record highs predictedDisagreement over copper market balance between surplus, deficitRisks seen to demand in China and U.S. By Eric Onstad LONDON, Oct 13 (Reuters) - A yawning gap has emerged in views about copper between those counting on mine disruptions...Reuters
21 minutes ago
Exxon consortium's oil output in Guyana at 770,000 bpd, executive says
GEORGETOWN, Oct 13 (Reuters) - Oil production by a consortium led by Exxon Mobil XOM.N in Guyana rose to 770,000 barrels per day (bpd) following the start-up of the group's fourth floating output facility, the company's chief for the South American country said on Monday.Average output was 6...Reuters
26 minutes ago
Trump's latest China tariff brinkmanship clouds IMF, World Bank meetings
US-China trade tensions certain to dominate IMF, World Bank annual meetingsBessent walks back tariff rhetoric, promises China meetings this weekFinance ministers, central bankers from more than 190 countries coming to WashingtonG7 to discuss sanctions on Russia, Ukraine aid optionsBy David Lawder ...Reuters
28 minutes ago
Torrential rains, flooding leave at least 64 dead, 65 missing in Mexico
MEXICO CITY, Oct 13 (Reuters) - Torrential rains that lashed Mexico last week have left at least 64 people dead and 65 missing, the government said Monday, after downpours triggered landslides, cut off power in some municipalities and caused rivers to burst their banks.Mexican authorities have deplo...Reuters
35 minutes ago
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
44 minutes ago
PRECIOUS-Gold, silver surge to all-time highs on trade jitters and rate-cut optimism
Gold hits record high of $4,096.35/oz, silver at $52/ozBofA lifts 2026 gold forecast to $5,000/oz, sees silver at $65By Sherin Elizabeth Varghese and Pablo Sinha Oct 13 (Reuters) - Gold notched another record high on Monday, as renewed U.S.-China trade tensions sent investors flocking to safe-ha...Reuters
45 minutes ago
Serbia will protect its interests regarding NIS oil company, president says
BELGRADE, Oct 13 (Reuters) - Serbia will do everything it can to protect its interests in the face of U.S. sanctions against Serbia-based, Russia-owned oil company NIS NIIS.BEL, its president Aleksandar Vucic said on Monday.Washington announced sanctions in January against NIS, Serbia's biggest ...Reuters
46 minutes 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 had gained 2.7% to $10,800 ...Reuters
51 minutes ago
US natgas prices ease to two-week low on ample storage and mild weather
March-April futures spread hits record low, indicating supply confidenceCove Point LNG export plant back in serviceWaha Hub prices fall below zero again due to pipeline maintenanceLNG export feedgas on track to hit monthly record highGas storage levels 4% above normal for this time of yearBy Scott D...Reuters
an hour ago
Warburg Pincus to buy Germany's PSI for over 700 million euros
PSI shares jump 35% to highest level since January 2022Warburg Pincus to maintain PSI's management structure E.ON to retain stake and support PSI as strategic investor Oct 13 (Reuters) - Private equity firm Warburg Pincus has struck a deal to buy Germany's PSI Software for more than 700 m...Reuters
an hour 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
2 hours ago
CBOT Trends-Wheat down 2-4 cents, corn mixed, soybeans up 2-4 cents
CHICAGO, Oct 13 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday.NOTE: The U.S. government remains shut down, suspending many government reports. Additionally, some offices and banks ar...Reuters
2 hours ago
Citadel to acquire leading German power trader FlexPower
BERLIN, Oct 13 (Reuters) - Investment firm Citadel said on Monday that it had agreed to acquire 100% of Hamburg-based power trading firm FlexPower.The move comes after Miami, Florida-based Citadel acquired Japanese power wholesaler Energy Grid in 2024 and built out a new trading base in Australia in...Reuters
2 hours ago
From Gold to Silver: Risk-Off Sentiment Surges — When Will the Silver Rally Peak?
TradingKey - Amid uncertainty surrounding Trump’s proposed tariffs, investors continue to flock to precious metals for safety. As of this report, gold has hit a new record high at $4,075 per ounce, with an intraday peak of $4,085.16. Meanwhile, silver has surged to $51.55 per ounce — its highest lev
US Treasury chief says government shutdown is hitting economy
WASHINGTON, Oct 13 (Reuters) - The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day."This is getting serious. It's starting to affect the real economy," he told Fox Bu...Reuters
3 hours ago
US Treasury chief says government shutdown is hitting economy
WASHINGTON, Oct 13 (Reuters) - The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day."This is getting serious. It's starting to affect the real economy," he told Fox Bu...Reuters
3 hours ago
