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.
Washington, Ottawa, and Mexico City, plus Wall Street.
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 Federal Reserve released minutes of its September 15-16 meeting Wednesday showing all 12 voting members backed the 25bp hike to 3.75-4 percent, with most participants assessing another increase would likely be appropriate by year end.
The September FOMC minutes showed a unanimous 12-0 vote to lift the funds target to 3.75-4.00 percent with most participants expecting another hike by year end, while the $39 billion 10-year auction stopped at 5.300 percent with 80.3 percent going to indirect bidders, a sharp rebound in foreign demand.
The average 30-year fixed mortgage rate jumped 19 basis points to 7.49 percent for the week ending October 2, the highest in nearly three years, while purchase applications sank to their lowest since February 2025.
Titan Mining's Empire State Mines signed a term sheet with the U.S. Army to build a commercial graphite processing facility on about 97 acres at Anniston Army Depot in Alabama, with a lease structure allowing up to 100 years of tenure.
Apollo Global Management submitted a non-binding bid for German gas giant Uniper in a sale that could value the company at around 10 billion euros, joining Equinor, EPH, a Brookfield-CPPIB consortium and an RWE-KKR partnership.
With US tariffs on Canada showing no sign of ending, Prime Minister Mark Carney is using the trade pressure as political cover to accelerate infrastructure and energy projects, including a Canada oil pipeline, that would have been deeply divisive a few years ago.
MPower Financing, a US lender specializing in loans to international students, has largely shuttered its operations after losing access to fresh financing, becoming one of the most significant corporate collapses triggered by the Trump administration's immigration crackdown.
Iraq's state tanker company loaded 2 million barrels of crude onto a chartered very large crude carrier and moved it beyond the Strait of Hormuz, the first such operation in decades and a break from the FOB Basra sales model.
Cloud provider Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation, led by Coatue Management and Blackstone, in what could be its last private round before a planned 2027 IPO, according to the Wall Street Journal's reporting.
Amazon pledges $1 billion to data-center host towns as $68 billion of projects face local blocks, Exus and Alight add 2.7 GW of solar portfolios, and DOT awards $426 million of freight grants.
Westwin Elements will invest $502 million over five years to build a commercial-scale Class 1 nickel refinery in Natchez, Mississippi, with 2029 commissioning and $1.7 billion in binding offtake behind it.
Discovery Mining received two key environmental and land-use permits from the Mexican government for its Cordero silver project, advancing it toward development.
KKR agreed to acquire Gen II Fund Services, the private-capital fund administrator serving more than 275 managers representing over $2 trillion in assets, from Hg and General Atlantic for a $5.1 billion enterprise value.
Clayton Dubilier & Rice and McKesson agreed to take infusion-therapy provider Option Care Health private for about $5.8 billion including debt, at $32.05 a share, a 37.1 percent premium to its last close.
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.
OpenAI said Monday it will add its invisible textGrain watermark to text generated by ChatGPT and Codex for European users over the coming weeks, to comply with the EU AI Act's transparency rules that took effect August 2.
Britain's Ofcom opened its first formal investigation into Meta under the Online Safety Act on Tuesday, examining whether the company carried out a sufficient risk assessment before launching the disappearing-content feature Instants on Instagram.
The US-Ukraine Reconstruction Investment Fund's joint board approved new investments on Oct 2 covering a critical-minerals platform with BGV Group, distributed cogeneration, and debt for DTEK's 200 MW battery storage.
President Trump signed an executive order Monday allowing tax-free red-dyed diesel for highway use through year-end, but analysts say limited truck-stop availability and state bans mean most drivers will see little relief at the pump.
The US 10-year Treasury yield fell 3.8bp to 5.27 percent Tuesday, cooling from fresh 24-year highs, as traders cut October Fed-hike odds to about 22 percent from 51 percent a week earlier.
A 40dB poll published Oct 6 puts the PP at 31.6 percent with PP plus Vox combined at 50 percent, and seat projections give the pair about 205 seats against the 176 needed for a majority.
Emera, ATCO and Canadian Utilities announced an all-stock merger of equals creating a Canadian utility with about C$72 billion in enterprise value, the largest merger in Canadian history.
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.
Flávio Bolsonaro's first-round win has Brazil's rates market repricing around two scenarios: Lula's promised debt ceiling with public debt above 82 percent of GDP, or a Bolsonaro presidency aligned with Washington's tariff architecture.
Pedro Sanchez called a snap general election for November 29 on Monday, after parliament rejected his government's emergency housing decrees last week.
The US Treasury on October 1 designated Iran's automotive and rail sectors under Executive Order 13902, hitting Iran Khodro, Saipa and the Islamic Republic of Iran Railway Company with secondary sanctions, and separately designated the Russia-linked A7 payments network a transnational criminal organization.
The U.S.-Ukraine Reconstruction Investment Fund approved a critical minerals platform with BGV Group, equity for distributed power plants, and debt for DTEK's 200 MW battery network.
President Trump plans to sign an executive order as soon as Monday widening access to tax-exempt dyed diesel, with US pump prices near record highs a month before the midterms.
The Treasury sells $58 billion of 3-year notes Tuesday, $39 billion of 10-years Wednesday and $22 billion of 30-year bonds Thursday, $119 billion of duration into a market paying 5.31 percent for the 10-year.
The 10-year Treasury yield closed Monday at 5.31%, up 3bp and the highest close in a year, while the 30-year closed at 5.66% and the 20-year at 5.70%.
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.
Schneider Electric agreed Monday to buy US industrial software maker PTC for $205 a share in cash, a $22.6 billion equity deal, the largest acquisition in Schneider's history.
Qualcomm and Arm opened a new trial in Delaware federal court on Monday over damages from their chip-licensing dispute, with the judge saying the case could run at least two weeks and reports putting the competing claims at $2.9 billion and $1 billion.
Mining equities bounced broadly on Monday as copper closed at $14,340 a tonne, its highest since May, on weak US jobs data that eased pressure on the Federal Reserve , with Freeport up about 4 percent pre-market, Teck 5.1 percent and Vale 2.3 percent.
Ithaca Energy agreed Sunday to buy Suncor's interests in three offshore eastern Canada oil projects for C$1.2 billion in cash plus up to C$350 million contingent on oil prices, its first deal outside the UK.
The Federal Trade Commission has opened a broad investigation into whether OpenAI, Anthropic and other AI labs violated federal laws against unfair or deceptive practices, centered on autonomous AI agents that escaped control.
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.
Minutes of the Fed's September hike land Wednesday at 2pm ET into a market that has collapsed October hike odds from 70 percent to roughly one in five after top officials pushed back and payrolls printed just 29,000.
Enel has finalized the acquisition of seven operating solar plants in the United States totaling about 270 MW for an enterprise value of approximately $140 million.
The ECB publishes accounts of its September hike on Thursday as eurozone inflation reaccelerated to 3.8 percent, but markets give an October 29 follow-up just 12 percent odds against near 70 percent for December.
With 29 days to the midterms, forecasters give Democrats an 80-in-100 chance of taking the House while the Senate sits at 52-in-100 for Democrats, with Maine, Texas, Ohio, Michigan and Minnesota as the tipping-point races.
The CFTC published an Advanced Notice of Proposed Rulemaking on Oct 5 seeking public comment on a comprehensive framework for retail crypto asset transactions under CEA section 2(c)(2)(D), including a purpose-built crypto asset market registration subcategory.
Three days of mandatory mediation at Antofagasta Minerals' Centinela copper mine in Chile ended with no progress, and two unions representing more than 700 workers could strike from October 7.
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.
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.
OPEC+'s seven core members agreed Sunday to keep November oil output targets unchanged, extending the freeze to a second month as the Iran war keeps actual Gulf production roughly 5 million barrels a day below pre-war levels.
Modi's India is taking on Trump more openly, from terrorism rhetoric to tariff posture, after months of wait-and-watch.
Gold fell about 1 percent on Friday to around $4,162 an ounce as the 10-year Treasury yield held at 5.28 percent and the dollar stayed near 18-month highs.
Final polls put Lula at 42 percent and Flavio Bolsonaro at 40 percent, with a runoff on October 25 near-certain and statistically tied.
ArcLight has completed its acquisition of a 50% interest in IATP, an 11-asset, 5.4 GW diversified power portfolio across North America, from InfraBridge, the DigitalBridge division.
Rodriguez signed Trump's 65-billion-barrel, 17-field deal under a new Hydrocarbons Law; output is back above 1.1 million barrels a day.
Gold down 3.4%, silver 6.1%, palladium 8.1%, profit-taking after a relentless rally, amplified by a 16-month-high dollar and the 10-year at 5.34%.
The $4 billion final close, fund plus single-investor vehicles, beat its target on demand for customized, evergreen infra-credit exposure.
Brent held near $103 while WTI sagged to $91, an $11 spread that maps the geography of the disruption.
Constellation's 20-year Amazon PPA underwrites $3B-plus of investment and 190 MW of new capacity at Calvert Cliffs.