Trafigura pays $76 million to ship crude from US Gulf to China
Trading firm Trafigura chartered the supertanker Alexandros to carry crude from the US Gulf Coast to China for $76 million, roughly ten times the pre-war rate, CNBC reported Wednesday.
Beijing, Tokyo, Delhi, and Southeast Asia.
Trading firm Trafigura chartered the supertanker Alexandros to carry crude from the US Gulf Coast to China for $76 million, roughly ten times the pre-war rate, CNBC reported Wednesday.
The Treasury Department fined Amidi, LLC, the parent of Plug and Play Tech Center, $200,000 on Wednesday for failing to report a Chinese fund's investment in an AI and robotics startup, the first civil penalty under the outbound investment security program.
The 22-year-old EU-sanctioned product tanker Dakar, with no ice-class strengthening, is sailing the Northern Sea Route carrying gasoline-blending components taken from another tanker off South Korea, gCaptain reported Wednesday.
Seoul's presidential office on Wednesday dismissed a Ukrainian report that Russia imported petroleum products from South Korean ports, calling the accusation inappropriate and saying it is checking for export control issues.
The Reserve Bank of India confirmed on Wednesday that Paytm Payments Bank has been excluded from the Second Schedule to the RBI Act, 1934, removing its scheduled-bank status under a July 31 notification gazetted September 7.
About 9 million barrels of Iranian crude moved through ship-to-ship transfers off Malaysia in September, leaving roughly 10 million barrels in floating storage, the last major buffer outside a US blockade that has stopped new loadings since mid-July.
Gold slipped 1.1 percent to $4,140.60 as the Aden airport attack lifted crude, Qatar moved empty LNG ships into the Gulf, and Bloomberg reported rival gold-hub pitches from Hong Kong and Singapore.
Kosovo's parliament elected economist Justina Shiroka Pula as president with 81 votes in the early hours of October 7, beating a constitutional deadline that would have forced another snap election.
Surge Battery's $9.81 billion lithium PFS, EQ Resources' record A$158.8 million quarterly revenue, Nuvau's cheaper Matagami restart, and new energy deals for remote mines.
The Reserve Bank of India's MPC voted unanimously to raise the repo rate 25bp to 5.50 percent on Wednesday, its first hike since February 2023, and shifted the policy stance to calibrated tightening, while the rupee fell 22 paise to 96.57, near a record low.
Japan's Finance Minister Satsuki Katayama signed a memorandum of cooperation on Oct 5 establishing an annual Japan-Australia Finance Ministers' Dialogue on economic security and supply chains.
Tencent agreed to a five-year lease worth about $7 billion for access to roughly 100,000 advanced AI chips in Oracle data centers across Southeast Asia, first reported by the Financial Times on October 1.
Japan's Finance Ministry set the coupon on new 10-year JGBs at 3.1 percent, the highest since August 1996, in an auction Tuesday that drew a 3.76x bid-to-cover, the strongest demand since May.
Venture Global is in talks to sell US liquefied natural gas to additional Chinese buyers, Bloomberg reported October 6, extending a thaw that began with the China Gas deal signed last month.
The Strait of Hormuz tanker campaign produced its first casualty event Monday, with a dozen seafarers injured in a projectile strike on the Panama-flagged tanker On Peace, as UKMTO detailed five incidents and the IRGC ordered another vessel to turn back.
TeraWulf's Kentucky campus heads to 1 gigawatt in 2029, Uber spends $2.3 billion on catering, Anthropic gives startups a free year of Claude, and a busy day in security.
Amazon Web Services is planning a 36-building data-center campus in Indiana County, Pennsylvania, according to Data Center Dynamics.
ByteDance now accounts for roughly one-fifth of China's data-center capacity, Datacenter Dynamics reported Tuesday, concentrating the country's AI-infrastructure demand in a single tenant.
The Wikimedia Foundation disclosed Monday that unauthorized OpenAI agents operated across its platforms without bot approval, generating millions of requests and possibly contributing to a partial Wikidata Query Service outage in May.
Governments, courts and companies are weighing restrictions on camera-equipped smart glasses amid privacy fears, Reuters reported Tuesday, from a planned Norwegian temporary ban in public places to court bans in England, Wales and New York.
DeepSeek is set to raise more than $12 billion at a roughly $74 billion valuation, Reuters reported Tuesday, while AI chip startup Etched is fielding funding offers at $40 billion to $50 billion valuations, sources told TechCrunch.
OpenAI and Anthropic told an Australian parliamentary inquiry on Tuesday they would support laws requiring them to report data breaches carried out by their AI agents, after OpenAI took three months to disclose a breach of a health website and three other government sites.
Netlist said Tuesday that Micron will pay $600 million, $30 million per quarter under a five-year license, to settle a patent dispute over memory chips, following a $445 million infringement verdict against Micron in 2024.
AMD CEO Lisa Su said in Taipei on Tuesday that the company plans to substantially increase chip supply in 2027 to meet booming AI demand and expects very high demand for the next several years; AMD shares rose 3.8 percent to a record $656.00.
India's 1-month overnight indexed swap rate reached 5.55 percent Tuesday, 30bp above the 5.25 percent repo rate, with markets assigning 25 to 33 percent odds to a 50bp Reserve Bank of India hike on Wednesday.
Intercontinental Exchange began trading gold futures in London this week, adding silver, platinum and palladium contracts linked to the city's daily benchmark auctions and cleared through its European clearinghouse.
Greenland's government approved the mining and closure plans for Critical Metals' Tanbreez heavy rare earths project, valid through 2050.
Deutsche Bank's Daniel Ghali says peak silver scarcity is over and a surplus could emerge in 2027, even as he projects spot averaging $70 an ounce by the second quarter of 2027.
The Bank of Japan may signal at its October meeting that underlying inflation has roughly hit its 2 percent target, Reuters reported Tuesday, citing three people familiar with the bank's thinking.
Chief Justice of India Surya Kant said on Monday that the Supreme Court has not approved any modified version of Form 6 used in voter-roll revisions, undercutting the Election Commission's claim.
Economists at SBI, Bank of America, Yes Bank and IndusInd Bank now agree the Reserve Bank of India's MPC will raise the repo rate 25 basis points to 5.50 percent on Wednesday, ending a rate-hiking pause that began in February 2023.
Titan Australia Mining's binding A$1.15-a-share cash offer for Global Lithium , a 73 percent premium valuing the company at about A$333 million, remains on track toward a December shareholder vote.
Taiwan's representative to the US, Alexander Yui, said he is confident President Trump will approve a stalled US$14 billion arms package, most of it air defences, as Taipei waits on a decision.
March raw sugar settled at 20.78 cents a pound on Monday, up 0.85 cents or 4.3 percent, after touching 20.81 cents intraday, a fresh 52-week high that extended Friday's 17-month-high close at 19.93 cents.
China's one-year suspension of its expanded rare earth export controls lapses on November 10, with licensing requirements on five more elements and extraterritorial provisions set to snap back if Beijing does not extend the pause.
Mineral Resources agreed to sell a minority interest in a new joint venture housing its lithium stakes to South Korea's POSCO for a substantial cash sum, with proceeds earmarked for debt reduction.
Elon Musk confirmed on X that he has held early talks with TSMC about a collaboration in which TSMC would build and operate a chip facility serving Tesla, SpaceX and xAI exclusively.
Lynas Rare Earths agreed October 1 to acquire Meteoric Resources in an all-share scheme valued at about A$968 million, securing Brazil's Caldeira ionic-clay deposit and its 41,000 tonnes of heavy rare earth oxides.
HKMA chief Eddie Yue unveiled a four-pillar plan to accelerate Hong Kong's bond-market development, including exploring a 7-day offshore renminbi liquidity tendering.
Foxconn reported third-quarter revenue of T$3.03 trillion ($95.4 billion), up 47 percent year over year and well above the LSEG SmartEstimate of T$2.83 trillion, on strong AI server demand.
A cargo of 30,000 tonnes of Belarusian potash loaded in Russia on September 15 is due in New Orleans on October 14, the first such shipment to the US since sanctions were imposed in 2021.
The European Investment Bank and BNP Paribas signed an agreement to mobilise €700 million in guarantees for European electricity grid manufacturers, aiming to unlock up to €2.8 billion of real-economy investment.
Brent crude climbed from $72 to a peak of $109 a barrel in the third quarter while US refinery margins ran far above year-ago levels, the EIA said Monday.
China opened an anti-dumping investigation into EU p-nitrotoluene on October 3, five days before trade commissioner Sefcovic arrives in Beijing for talks covering the €360 billion trade deficit and rare earth export controls.
Anthropic's IPO prospectus reveals Broadcom has agreed to lend the AI lab up to $42 billion to finance infrastructure spending, with the debt convertible into Anthropic shares, while Anthropic is set to become Broadcom's largest chip-design customer next year.
The rupee has slipped past 96 per dollar and INR MIFOR overnight spiked 118bp week-on-week as the Fed's hike narrows the rate gap.
Oracle will take 10-20% of the Point Beach Nuclear Plant's output (125-250 MW) for its $15 billion Lighthouse AI campus in Wisconsin, absorbing about $300 million in rising energy costs to shield ratepayers.
Brookfield announced the final close of Oaktree's Asset-Backed Finance Fund I with $2 billion of commitments across the fund and related vehicles, hitting its fundraising target.
Infrastructure investors at SuperReturn Asia said they would rather lend against AI data-center power than own the equity, with Gulf states pitching cheap energy access to attract the build-out.
Modi's India is taking on Trump more openly, from terrorism rhetoric to tariff posture, after months of wait-and-watch.
Base metals extended their correction into Friday, with copper slipping on the LME and aluminum at a two-month low, as high real yields and weak China demand signals weighed on industrial bets.
Chinese refiners suspended October fuel exports after Beijing withheld export quotas before the Golden Week holiday, pushing Asian diesel refining margins to about $75 a barrel, a one-week high.
The 10-year Treasury touched its highest since 2002 mid-week before a +29K jobs print triggered a Friday flight to safety.
One of the world's largest digital-infrastructure platforms now sits inside a sovereign-anchored Japanese holding.
GFEX lithium carbonate closed September down 22%, an inventory and positioning washout, not a demand collapse.
Project Star, Project Power, and Project North put Korean state-directed capital into Texas gas, US nuclear, and Alaska LNG inside a $350B trade-deal pledge.
Jakarta passed its most ambitious budget since 2012 alongside a Q4 stimulus; Bangkok's Constitutional Court dismissed the challenge to February's election.
The engine maker is buying its own supply constraint, Consolidated Precision Products at roughly 26 times forward earnings.
Macron hunts a third prime minister this year while Merz posts the lowest approval ever recorded for a German chancellor.
The BoJ hiked to 1.25% just three months after the last move, its fastest cadence of the cycle, with some members wanting to go faster.
The RBA's fourth 2026 hike explicitly cited Middle East energy prices; India's central bank decides October 7 with 60% of economists expecting a hike.
Constellation's 20-year Amazon PPA underwrites $3B-plus of investment and 190 MW of new capacity at Calvert Cliffs.