News
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Taiwan and India were top destinations for Russian naphtha in August, LSEG data shows
MOSCOW, Oct 9 (Reuters) - Taiwan and India were the main destinations for Russian seaborne naphtha exports in August, as cheaper barrels attracted buyers, data from market sources and LSEG showed. Since the European Union's full embargo on Russian oil products went into effect in February 2023, ...Reuters
Thu, Oct 9
US market not worth the risk, says one of India's biggest solar companies
By Sethuraman N R and Yagnoseni Das Oct 9 (Reuters) - Saatvik Green Energy SAAT.NS, one of India's biggest solar module makers by capacity, said on Thursday it is shunning the once-promising U.S. export market as it is no longer "worth the risk" due to the thorny tariff issue.The Unit...Reuters
Thu, Oct 9
China's Golden Week holiday spending dips in latest red flag for economy
Average spending per trip falls to 911.04 yuanThat compares to 916.1 yuan in 2024Stock market rally fails to provide a boost, analysts sayBy Sophie Yu and Brenda Goh BEIJING/SHANGHAI, Oct 9 (Reuters) - Chinese holidaymakers' average spending dipped to a three-year low over this year's eig...Reuters
Thu, Oct 9
Uniqlo owner predicts 5th year of record profit on aggressive global push
Operating profit jumps 13% in 12 months through AugustNorth America revenue soars 24.5%, profit up 35.1%Sales and profits in Greater China declineBy Rocky Swift TOKYO, Oct 9 (Reuters) - The Japanese owner of global clothing brand Uniqlo on Thursday reported a record high profit for the year e...Reuters
Thu, Oct 9
PepsiCo edges past quarterly sales estimates
Oct 9 (Reuters) - PepsiCo PEP.O beat Wall Street expectations for third-quarter revenue on Thursday, buoyed by resilient demand for its energy drinks, healthier sodas and salty snacks in the United States.PepsiCo is facing activist pressure from Elliott Management, with the investor calling out the ...Reuters
Thu, Oct 9
South Africa draws global interest for $500 million funding initiative
By Colleen Goko JOHANNESBURG, Oct 9 (Reuters) - South Africa's National Treasury has attracted over 100 global proposals for its $500 million foreign currency financing initiative as it seeks to diversify its funding sources.The initiative, announced in July, aims to explore innovative financ...Reuters
Thu, Oct 9
Greek EU-harmonised inflation eases to 1.8% y/y in September
Oct 9 (Reuters) - Greece's annual EU-harmonised inflation slowed to 1.8% in September from 3.1% in August, data showed on Thursday.Month-on-month consumer inflation rose 0.5%The cost of food and non-alcoholic beverages rose 1.4% year-on-year in September, with prices of clothing and footwear up ...Reuters
Thu, Oct 9
ECB Minutes expected to reinforce the 'Good Place' policy stance – BBH
The ECB’s September meeting account is due today, likely reaffirming policymakers’ view that monetary settings remain “in a good place” after holding rates steady at 2.00%. With inflation seen stabilizing near target and risks now balanced, markets price only limited chances of another cut.
Fxstreet
Thu, Oct 9
Taiwan Sept exports misses forecasts, AI demand remains strong
Exports to US +51.6% y/y (prior month +65.2%)Exports to China +12.8% y/y (prior month +15.9%)October exports seen up 28%-33% y/yUncertainty of policy changes, geopolitical risks need monitoring, ministry saysTAIPEI, Oct 9 (Reuters) - Taiwan's exports in September grew less than expected, with th...Reuters
Thu, Oct 9
US container imports drop in September as Trump tariffs disrupt global trade
September's US container cargo imports dropped 8.4% yr/yrChina September shipments drop nearly 23% amid US tariff threatContract shipping rates fall 3% in the 12 months to September, first year-on-year decline since July 2024By Lisa Baertlein LOS ANGELES, Oct 9 (Reuters) - U.S. imports of con...Reuters
Thu, Oct 9
