News
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White House budget office says it is preparing to 'ride out' shutdown
WASHINGTON, Oct 14 (Reuters) - The White House Office of Management and Budget said on Tuesday it was making preparations "to batten down the hatches and ride out" the federal government shutdown, while continuing layoffs."Pay the troops, pay law enforcement, continue the RIFs, and wait,...Reuters
16 minutes ago
FACTBOX-How Germany is building up LNG import terminals
FRANKFURT, Oct 14 (Reuters) - Germany is putting natural gas import terminals into operation as part of the country's efforts to replace piped Russian gas following Moscow's invasion of Ukraine in 2022.It is deploying floating storage regasification units (FSRUs) to receive seaborne LNG, whi...Reuters
19 minutes ago
US natural gas futures hit over two-week low on milder weather, weaker demand forecasts
By Anushree MukherjeeOct 14 (Reuters) - U.S. natural gas futures fell more than 2% on Tuesday to hit a more than two-week low, weighed down by forecasts for milder weather and lower demand in the coming days.Front-month gas futures for November delivery NGc1 on the New York Mercantile Exchange fell ...Reuters
21 minutes ago
CBOT Trends-Wheat down 3-4 cents, corn down 1-2, soybeans down 4-5 cents
CHICAGO, Oct 14 (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 Tuesday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Down 3 to 4 cent...Reuters
22 minutes ago
Verizon offers relief for government workers impacted by shutdown
WASHINGTON, Oct 14 (Reuters) - Verizon Communications VZ.N said Tuesday that it will offer government workers impacted by a two-week-old government shutdown payment deferral options.Federal workers are beginning to receive partial paychecks due to the ongoing budget standoff."If federal employee...Reuters
31 minutes ago
Oil falls more than 2% on US-China trade tensions and IEA report
Brent crude futures, WTI both fall 1.6%IEA raises its forecast for global oil supply growth this yearIEA also lowers its demand growth forecastBy Ahmad Ghaddar LONDON, Oct 14 (Reuters) - Oil prices fell by more than 2% on Tuesday as trade tensions flared between the U.S. and China, the world'...Reuters
41 minutes ago
GM to take $1.6 billion charge as tax credit blow muddies EV plans
GM's $1.2 billion non-cash impairment linked to EV capacity adjustmentsGM may incur further charges due to capacity reassessmentAutomaker expects EV adoption to slowBy Utkarsh Shetti Oct 14 (Reuters) - General Motors GM.N said on Tuesday it would take a $1.6 billion charge in the third quarte...Reuters
48 minutes ago
Brazil new soy crop seen at record 178 million tons, Conab says
By Ana ManoSAO PAULO, Oct 14 (Reuters) - Brazilian farmers are expected to harvest a record 177.64 million metric tons of soybeans in the 2025/26 season, virtually the same as forecast last month but around 6 million tons more than in the previous year, crop agency Conab said on Tuesday.Conab cited ...Reuters
an hour ago
Gold stabilizes after record surge, attention turns to Powell
Gold (XAU/USD) is taking a breather on Tuesday after surging to a fresh all-time high near $4,179 earlier in the day as safe haven demand remains supported amid intensifying US-China trade tensions, dovish Federal Reserve (Fed) expectations, and growing uncertainties across major economies.
Fxstreet
an hour ago
Oil executives flag increased costs from Trump's tariffs
Tariffs raise costs for energy companies, CEOs sayTotalEnergies, Baker Hughes cite financial impacts from US trade policiesExxon says it focuses on long-term fundamentals, not political cyclesBy Stephanie KellyLONDON, Oct 14 (Reuters) - The executives of two oil companies warned this week that tarif...Reuters
2 hours ago
Boeing Awarded Approximately $2.7 Billion In Multiyear Contracts For PAC‑3 Seeker Production
Oct 14 (Reuters) - Boeing Co BA.N:BOEING AWARDED APPROXIMATELY $2.7 BILLION IN MULTIYEAR CONTRACTS FOR PAC‑3 SEEKER PRODUCTIONBOEING: UNDER AGREEMENTS, BOEING WILL DELIVER MORE THAN 3,000 SEEKERS AT RATES OF UP TO 750 UNITS PER YEAR THROUGH 2030BOEING - WORKING WITH LOCKHEED MARTIN TO INCREASE PAC-3...Reuters
2 hours ago
PRECIOUS-Gold leaps above $4,100 on Fed rate cut hopes, US-China trade tension
Gold hits record high of $4,179.48/ozTrump on track to meet Xi in South Korea, Bessent saysFed Chair Powell to address NABE annual meeting on TuesdaySilver hits record high of $53.60/ozBy Anushree Mukherjee Oct 14 (Reuters) - Gold prices jumped to a record high above $4,100 on Tuesday, supported ...Reuters
2 hours ago
GRAINS-Wheat falls to five-year low as Russian exports increase
By Sybille de La Hamaide and Peter Hobson PARIS/CANBERRA, Oct 14 (Reuters) - Chicago wheat futures fell to a five-year low on Tuesday, on abundant global supplies, including in top exporter Russia, which has accelerated shipments in the past months after a slow start.Corn futures also slipped und...Reuters
2 hours ago
CORRECTED-Radiant World expands beyond iron ore trading into metals
By Pratima DesaiLONDON, Oct 14 (Reuters) - Commodity trader Radiant World has appointed Liam Brown and Louis McCauley as part of a hiring spree in Europe aimed at expanding its industrial and precious metals trading business after years of trading iron ore. Brown previously worked at Mercuria, Gol...Reuters
2 hours ago
Titan Mining to produce graphite concentrate at New York facility
Oct 14 (Reuters) - Titan Mining TI.TO said on Tuesday it will begin production of graphite concentrate at its Empire State Mines in New York, days after China expanded export limits on rare earth minerals.The Canadian miner is targeting ramp-up to a 40,000-tonne-per-year commercial graphite facility...Reuters
2 hours ago
Eversource to record $75 million charge linked to offshore wind sale settlement
Oct 14 (Reuters) - Utility firm Eversource Energy ES.N said on Tuesday it expects a $75 million or 20 cents per share after-tax charge in the third quarter due to an increased liability for the two wind projects sold to Global Infrastructure Partners (GIP).In 2024, Eversource sold its stake in the S...Reuters
2 hours ago
