Kilambi News
Wednesday, October 7, 2026

North America

Washington, Ottawa, and Mexico City, plus Wall Street.

Wednesday, October 7, 2026

Commodities · North America, Asia-Pacific · Updated 3:47 PM

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.

Politics · North America, Asia-Pacific · Updated 3:46 PM

Treasury issues first penalty under outbound investment security program

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.

Rates · North America · Updated 3:45 PM

Fed minutes show unanimous September hike and a lean toward another by year end

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.

Rates · North America · Updated 2:53 PM

FOMC minutes back another 2026 hike; 10-year auction draws heavy foreign bid

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.

Rates · Middle East, North America · Updated 2:50 PM

US mortgage rates climb to 7.49 percent, a three-year high

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.

Mining · North America · Updated 2:50 PM

Titan Mining signs Army term sheet for graphite plant in Alabama

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.

Infrastructure · Europe, North America · Updated 2:50 PM

Apollo joins bidding race for Uniper at about $11.6 billion

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.

Politics · North America · Updated 12:49 PM

Trump tariffs give Carney cover to fast-track building push

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.

Rates · North America · Updated 12:49 PM

Student lender Mpower collapses after immigration crackdown

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.

Commodities · Middle East, North America

Iraq ships 2 million barrels past Hormuz, first time in decades

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.

Technology · Europe, North America

Lambda seeks up to $4 billion in final pre-IPO round

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.

Tuesday, October 6, 2026

Infrastructure · North America

Infra deals also notable on October 6

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.

Mining · North America

Westwin commits $502 million to US nickel refinery

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.

Mining · Latin America, North America

Discovery silver clears Mexico hurdle with key permits

Discovery Mining received two key environmental and land-use permits from the Mexican government for its Cordero silver project, advancing it toward development.

Infrastructure · Europe, North America

KKR to buy fund administrator Gen II for $5.1 billion

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.

Infrastructure · North America

CD&R and McKesson take Option Care Health private for $5.8 billion

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.

Commodities · Asia-Pacific, North America

Venture Global in talks to sell US LNG to more Chinese buyers

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.

Technology · Europe, North America

OpenAI to watermark ChatGPT and Codex text in Europe

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.

Technology · Europe, North America

Ofcom opens first Online Safety Act investigation into Meta

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.

Politics · Europe, North America

US-Ukraine fund approves second round for minerals and energy

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.

Commodities · North America · Updated Oct 7

Trump signs order opening red-dyed diesel to highway use

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.

Rates · Europe, North America

Treasury yields retreat as October Fed hike bets collapse

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.

Politics · Europe, North America

New polls show Spain's right bloc nearing absolute majority

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.

Infrastructure · North America

Emera and Canadian Utilities agree record C$72 billion merger

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.

Monday, October 5, 2026

Rates · Asia-Pacific, North America · Updated 8:17 PM

RBI set to hike for first time since 2023

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.

Rates · Latin America, North America · Updated 8:17 PM

Brazil first round reprices Selic expectations

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.

Politics · Europe, North America · Updated 8:01 PM

Sanchez calls snap Spanish election for November 29 after housing defeat

Pedro Sanchez called a snap general election for November 29 on Monday, after parliament rejected his government's emergency housing decrees last week.

Politics · Middle East, North America

US sanctions Iran's auto and rail sectors

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.

Mining · Europe, North America

U.S.-Ukraine fund approves first critical minerals investments and grid projects

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.

Commodities · North America

Trump set to expand tax-exempt diesel access as prices bite

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.

Rates · North America

Treasury tests appetite with $119bn of coupons

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.

Rates · North America

Treasury 10-year closes at 5.31 percent, highest in a 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%.

Politics · Asia-Pacific, North America

Taiwan's envoy presses Washington on stalled $14 billion arms package

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.

Infrastructure · Europe, North America · Updated Oct 6

Schneider Electric buys PTC for $22.6 billion

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.

Technology · North America

Qualcomm and Arm open retrial over chip license damages

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 · Europe, North America

Miner equities bounce with copper and lithium

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.

Infrastructure · Europe, North America

Ithaca buys Suncor's East Canada offshore stakes

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.

Technology · North America

FTC opens broad probe of AI labs over consumer harms

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.

Mining · Asia-Pacific, North America

First Belarusian potash shipment in four years heads for New Orleans

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.

Rates · North America

Fed minutes meet a repriced market

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.

Infrastructure · North America

Enel closes $140 million purchase of 270 MW US solar portfolio

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.

Rates · Europe, North America

ECB accounts land as inflation hits 3.8

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.

Politics · Middle East, North America

Democrats hold House edge as Senate stays on knife's edge

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.

Commodities · North America

CFTC opens rulemaking on retail crypto asset transactions

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.

Mining · Latin America, North America

Centinela workers edge toward first-ever Antofagasta strike

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.

Technology · Asia-Pacific, North America

Broadcom to lend Anthropic up to $42 billion

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.

Sunday, October 4, 2026

Infrastructure · Asia-Pacific, North America

Oracle subscribes to Point Beach nuclear output for AI campus

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.

Politics · Middle East, North America

OPEC+ holds November quotas steady for a second straight month

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.

Politics · Asia-Pacific, North America

India openly confronts Trump over tariffs

Modi's India is taking on Trump more openly, from terrorism rhetoric to tariff posture, after months of wait-and-watch.

Commodities · Middle East, North America

Gold slips as Treasury yields hold above 5 percent

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.

Politics · Latin America, North America

Brazil votes today in first round of tight presidential race

Final polls put Lula at 42 percent and Flavio Bolsonaro at 40 percent, with a runoff on October 25 near-certain and statistically tied.

Infrastructure · North America

ArcLight completes 50% stake in 5.4 GW power portfolio

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.

Saturday, October 3, 2026

Politics · North America

Venezuela reopens as a Western oil play under unelected rule

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.

Commodities · North America

Precious metals correct as the dollar and real yields bite

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%.

Infrastructure · Europe, North America

EIG closes $4B as infrastructure credit goes institutional

The $4 billion final close, fund plus single-investor vehicles, beat its target on demand for customized, evergreen infra-credit exposure.

Commodities · Middle East, North America

Brent-WTI spread blows out to $11 on Atlantic tightness

Brent held near $103 while WTI sagged to $91, an $11 spread that maps the geography of the disruption.

Infrastructure · Asia-Pacific, North America

Amazon's balance sheet becomes the credit behind new nuclear

Constellation's 20-year Amazon PPA underwrites $3B-plus of investment and 190 MW of new capacity at Calvert Cliffs.