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Chinese airlines oppose Trump plan to stop flying over Russia on US routes
By David Shepardson WASHINGTON, Oct 14 (Reuters) - Major Chinese airlines on Tuesday urged the Trump administration to abandon a plan to bar them from flying over Russia on U.S. flights, saying it would boost flight times, raise air fares and could disrupt some routes.Last week the U.S. Transport...Reuters
14 minutes ago
Europe Gasoline/Naphtha-Gasoline cracks hold steady
LONDON, Oct 14 (Reuters) - Northwest European gasoline profit margins gained around 5 cents to $16.77 a barrel on Tuesday.A total of 5,000 metric tons of Eurobob E5 barges traded, with BP selling to TotalEnergies, Gunvor and Trafigura. No Eurobob E10 barges traded on Tuesday. Strong gasoline and die...Reuters
29 minutes ago
Chinese airlines oppose Trump plan to stop flying over Russia on US routes
WASHINGTON, Oct 14 (Reuters) - Major Chinese airlines on Tuesday urged the Trump administration to abandon a plan to bar them from flying over Russia on U.S. flights, saying it would boost flight times, raise air fares and could disrupt some routes.On Thursday, the U.S. Transportation Department pro...Reuters
43 minutes ago
GRAINS-Wheat plummets to five-year low as Russian exports increase
Wheat recovers after falling to 5-year lowSoy down as traders weigh potential for U.S.-China trade dealCorn choppy amid harvest pressureBy Heather Schlitz CHICAGO, Oct 14 (Reuters) - Chicago Board of Trade wheat futures fell to a five-year low on Tuesday on abundant global supplies before recover...Reuters
43 minutes ago
Oil falls more than 2% on US-China trade tensions and IEA report
Brent crude futures, WTI both fall over 2%IEA raises its forecast for global oil supply growth this yearIEA also lowers its demand growth forecastBy Arathy Somasekhar HOUSTON, Oct 14 (Reuters) - Oil prices fell by more than 2% on Tuesday as the International Energy Agency warned of a huge supply ...Reuters
an hour ago
GM to take $1.6 billion charge as tax credit blow muddies EV plans
GM's $1.6 billion charge 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 quarter as it resha...Reuters
an hour ago
US tariffs on China on Nov 1 depend on Beijing's actions, USTR Greer tells CNBC
WASHINGTON, Oct 14 (Reuters) - U.S. Trade Representative Jamieson Greer said it's up to China whether additional 100% tariffs on its exports to the United States kick in on November 1 or sooner, but said it might be difficult for Beijing to find an off ramp.Greer told CNBC that U.S. and Chinese ...Reuters
an hour ago
Fire at Brazil power substation causes blackout across several states
SAO PAULO/RIO DE JANEIRO, Oct 14 (Reuters) - A fire at an energy substation owned by Brazilian firm Eletrobras ELET3.SA led to a power outage across several parts of Brazil in the early hours Tuesday, officials said, with a total shutdown of around 10,000 megawatts (MW) of load and more than 1 milli...Reuters
2 hours ago
PRECIOUS-Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters
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 at 12:20 p.m. ETSilver hits record high of $53.60/ozBy Sherin Elizabeth Varghese and Pablo Sinha Oct 14 (Reuters) - Gold notched a fresh record high above th...Reuters
2 hours ago
China's rare earth curbs put Europe's auto industry at risk, Italian lobby says
MILAN, Oct 14 (Reuters) - Expected new Chinese curbs on rare earth metal exports could have a significant impact on the European auto industry, the head of Italian auto part maker lobby ANFIA said on Tuesday, as reserves of those materials are low.Despite an agreement in July aimed at fast-tracking ...Reuters
2 hours ago
Fed's Bowman expects two more interest rate cuts this year
Oct 14 (Reuters) - Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will deliver interest rate cuts at its final two policy meetings of 2025.“I continue to see two more cuts before the end of this year,” Bowman said at an event in Washin...Reuters
2 hours ago
Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger
By Katha KaliaOct 14 (Reuters) - Rayonier RYN.N and PotlatchDeltic PCH.O said on Tuesday they will merge in an all-stock deal worth about $8.2 billion, including debt, to create one of North America's largest publicly traded timber and wood products companies. The merger comes as lumber mark...Reuters
3 hours ago
Ethiopia's debt restructuring hits impasse, bondholders eye legal action
Restricted talks period ends without a restructuring dealEthiopia hopes for talks resumption, bondholders disappointedBond slides by more than a cent after the newsCritics says Common Framework is not efficient By Duncan Miriri and George Obulutsa NAIROBI, Oct 14 (Reuters) - Ethiopia said on Tues...Reuters
3 hours ago
PRECIOUS-Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters
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 at 12:20 p.m. ETSilver hits record high of $53.60/ozBy Sherin Elizabeth Varghese and Pablo Sinha Oct 14 (Reuters) - Gold notched a fresh record high above th...Reuters
3 hours ago
Industrial machinery manufacturer ETC reports 20.5% rise in Q2 sales
OverviewETC fiscal Q2 net sales rise 20.5%, driven by ATS and Sterilizer SystemsNet income for fiscal Q2 falls due to higher non-cash tax expenseOperating income for fiscal Q2 increases 26% despite lower gross profit marginOutlookCompany did not provide specific guidance for future quarters or full ...Reuters
3 hours ago
China's rare earth curbs to have significant impact on Europe's auto industry, lobby group says
MILAN, Oct 14 (Reuters) - Expected new Chinese curbs on rare earth metal exports could have a significant impact on the European auto industry, the head of Italian auto part maker lobby ANFIA said on Tuesday, as reserves of those materials are low.ANFIA Chairman Roberto Vavassori told an automotive ...Reuters
3 hours ago
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
4 hours 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
4 hours 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
4 hours ago
