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The Media Line: From Street Food to World Heritage
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Monday, October 13
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SRN News
OPEC holds oil demand outlook, points to smaller 2026 supply deficit
By Alex Lawler LONDON (Reuters) -OPEC made no changes on Monday to its relatively high global oil demand growth forecasts for this year and next, and implied the oil market will see a much smaller supply deficit in 2026 as the wider OPEC+ group pushes ...
Monday, October 13
by
SRN News
Copper’s rally needs China impetus to reach record
By Tom Daly LONDON (Reuters) -Copper prices touched $11,000 per metric ton on October 9, a milestone seen on only two other trading days in the history of the London Metal Exchange – and one that has analysts questioning whether the metal can ...
Monday, October 13
by
SRN News
Wall Street futures climb after Trump tones down tough talk on trade
(Reuters) -U.S. stock index futures rose on Monday following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over renewed U.S.-China trade tensions. Trump on Friday said he would impose an additional 100% tariff on China’s U.S.-bound exports, ...
Monday, October 13
by
SRN News
Airlines face $11 billion supply chain hit in 2025, IATA says
By Tim Hepher and Joanna Plucinska PARIS/LONDON (Reuters) -Global airlines face more than $11 billion in extra costs from supply chain disruption this year, a leading industry group said on Monday, in a report likely to rekindle debate over competition in the $250-billion aerospace industry. The ...
Monday, October 13
by
SRN News
Tesla’s Shanghai gigafactory begins production ramp-up in Q4
BEIJING (Reuters) -Tesla’s Shanghai gigafactory, its largest manufacturing hub globally, has begun production ramp-up in the fourth quarter, Tesla vice president Tao Lin said in a Weibo post on Monday. The U.S. automaker’s China-made electric vehicle sales rose 2.8% in September from a year earlier, ...
Monday, October 13
by
SRN News
StubHub gains ground after analysts endorsements ease post-IPO jitters
(Reuters) -StubHub Holdings’ shares rose nearly 5% in premarket trading on Monday, as Wall Street analysts backed the ticketing platform’s potential for long-term growth despite the stock’s rocky debut last month. Brokerages began coverage on StubHub on an upbeat note after the end of the ...
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Monday, October 13
by
SRN News
BofA lifts 2026 gold forecast to $5,000/oz, sees silver at $65
(Reuters) -Bank of America on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5,000 an ounce, with an average of $4,400, and for silver to $65 an ounce, averaging $56.25. The bank sees a risk for a near-term ...
Monday, October 13
by
SRN News
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shakeups and a sluggish start to 2025 drove them to seek new opportunities, according to three sources familiar with ...
Monday, October 13
by
SRN News
Morning Bid: Markets claw back amid looping narratives
By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The stories driving markets appear to be moving in loops faster than investors can make significant adjustments, with Friday’s dramatic China trade threats seemingly reversed by Sunday and the ...
Monday, October 13
by
SRN News
Factbox-BofA hikes gold price forecast to $5,000/oz for 2026
(Reuters) -Bank of America Global Research on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5,000 an ounce, with an average of around $4,400. Gold surged above $4,000 an ounce for the first time ever on October 8. ...
Monday, October 13
by
SRN News
China shows no sign of backing down while issuing call for US to withdraw tariff threat
BANGKOK (AP) — China did not back down Monday in a back-and-forth with the U.S. over trade, calling for U.S. President Donald Trump to withdraw his latest threat of a 100% tariff and other export control measures announced over the weekend. In the latest escalation ...
Monday, October 13
by
SRN News
Madagascar president to make a speech after soldiers turned against the government in apparent coup
ANTANANARIVO, Madagascar (AP) — Madagascar President Andry Rajoelina was due to make a speech on national television on Monday after an elite military unit turned against the government in an apparent coup in the Indian Ocean nation and called for Rajoelina to step down. Rajoelina’s ...
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