Oil prices head for weekly loss
LONDON (Reuters): Oil prices were stable on Friday but remained on course for a weekly loss of about 7-8% after news of potential increases to OPEC+ supply. Brent crude futures were up 21 cents, or 0.33%, at $64.32 a barrel by 1220 GMT. U.S. West Texas Intermediate crude was up...
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Italy trims 2025, 2026 GDP growth estimates
MILAN, Italy, Oct 3 (AFP):The Italian government said Thursday it was trimming its growth estimates for this year and the next, but said its deficit-to-GDP ratio was currently at the EU-mandated threshold of three percent.For this year, gross domestic product (GDP) will rise by 0.5 percent and by 0.7 percent...
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Gold set for seventh weekly rise on US rate-cut hopes, government shutdown
Gold edged higher on Friday and was set for a seventh straight weekly gain, buoyed by expectations of further U.S. interest rate cuts this year and worries over the impact of a U.S. government shutdown, reports Reuters.Spot gold was up 0.1% at $3,859.09 per ounce, as of 0623 GMT, after...
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Cyberattack hits major Japanese beverage producer, affecting its operations
TOKYO, Oct 3 (AP): A major Japanese beverage producer says it has been hit by a cyberattack that left its operations disrupted for the fifth day on Friday, and Japanese media are reporting that stocks of the company's popular beer and other beverages are running low in some stores.Asahi Group...
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US farmers hit by trade war to get 'substantial' aid: Treasury chief
WASHINGTON, Oct 3 (AFP): US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts.Worries have been growing for weeks of a major hit to farmers, a key...
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