Reuters Business
8:02 AM (46 minutes ago)
Reuters Business
CME says aluminium futures average daily volumes have surged in Q3
Futures exchange operator CME Group Inc on Friday said average daily volumes in aluminium futures have surged 359% in the third quarter to date from the first quarter, hitting a single-day record of 6,709 contracts on Sept. 14.
Stellantis and Renault halt Spanish assembly lines as chip shortage persists
Carmakers Stellantis and Renault will partly halt their Spanish plants in the coming days and weeks as the lack of microchips persists, two union representatives told Reuters on Friday.
OPEC+ leaders like $100 oil, won't necessarily defend it
Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as a fair price that the global economy can absorb, sources familiar with government thinking in the two countries told Reuters.
Lower oil prices defy robust forecasts for global demand
Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one.
UK grid reforms critical to hitting offshore wind targets
Transmission operators need faster works approvals and offshore wind developers need guidance on connections to build an offshore grid that meets UK renewable energy goals.
Cathay Pacific Airways raises passenger capacity forecast
Hong Kong's Cathay Pacific Airways expects to reach a third of pre-pandemic passenger capacity by the end of the year, increasing a previous estimate of one quarter, after crew quarantine rules were lifted, it said on Friday.
Biden administration targets crypto enforcement, digital asset rules
U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Friday, citing their potential for misuse and harm even as it noted their growing role in global finance.
FedEx plummets as forecast withdrawal fans slowdown fears
Shares of FedEx slumped in premarket trading on Friday as the global delivery heavyweight's forecast withdrawal sounded alarm about softening consumer demand and hammered equities in the sector worldwide.
Global equity funds see fourth weekly outflow on rate hike expectations
Global equity funds continued to record outflows in the seven days to Sept. 14 as a higher than expected reading on U.S. inflation raised bets that the Federal Reserve would remain aggressive in raising interest rates for longer.
KLM disappointed with new passenger curbs at Schiphol airport
Airline company KLM, which is part of Air France-KLM , criticised as 'disappointing' on Friday a decision by Amsterdam's Schiphol airport to place further curbs on the number of departing passengers.
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