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Dollar pauses for breath after US data, eyes on French and British economies

FOREX-Dollar pauses for breath after US data, eyes on French and British economies Updates at 1200 GMT By Kevin Buckland and Alun John TOKYO/LONDON, Oct 11 (Reuters) - The dollar paused near a two-month high against a basket of peers on Friday, as traders digested the latest inflation and jobs data, while a rise in British economic growth could not l ift the pound from one-month lows.
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Russia raises wheat export duty by 41% as exporters are called for official meeting

UPDATE 1-Russia raises wheat export duty by 41% as exporters are called for official meeting Adds quote in paragraph 5, background MOSCOW, Oct 11 (Reuters) - Russia announced an increase in its wheat export duty by 41% on Friday as the agriculture ministry called the country's top exporters for a closed door meeting on this year's exports. The duty will rise to 1,872 roubles per ton from 1,328.3 roubles previously, the agriculture ministry said.

Barclays cuts PT on SolarEdge Technologies

BUZZ-Barclays cuts PT on SolarEdge Technologies ** Shares of solar inverter maker SolarEdge Technologies SEDG.O down ~1% at $18.10 premarket ** Barclays lowers price target on SEDG to $17 from $26 ** New price target represents a 6.5% downside to the stock's last close ** Brokerage says that it is focused on co's near-term cash generation potential

Affirm gains as Wells Fargo upgrades to 'overweight'

BUZZ-Affirm gains as Wells Fargo upgrades to 'overweight' ** Affirm's AFRM.O shares up 3% premarket to $43.24 after Wells Fargo upgrades buy now, pay later (BNPL) firm to 'overweight" from 'equal weight' ** Brokerage hikes PT by $12 to $52, implying ~24% upside to stock's last close ** AFRM "has clearly demonstrated its right to win" incremental e-commerce checkout market share, Wells Fargo analyst Andrew Bauch writes in note to clients ** Bauch says co's "credit sophistication" rivals any consu
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Noco-Noco falls after reverse stock split approval

BUZZ-Noco-Noco falls after reverse stock split approval ** Noco - Noco NCNC.O shares fall 22% to ~$0.91 in premarket trading ** Singapore - based clean tech co's shareholders approves a 1-for-50 reverse stock split of outstanding ordinary shares ** Co expects reverse split to be effective Oct. 17 ** After reverse split, co's outstanding ordinary sh

Dollar pauses for breath after US data, eyes on French and British economies

FOREX-Dollar pauses for breath after US data, eyes on French and British economies Updates at 1200 GMT By Kevin Buckland and Alun John TOKYO/LONDON, Oct 11 (Reuters) - The dollar paused near a two-month high against a basket of peers on Friday, as traders digested the latest inflation and jobs data, while a rise in British economic growth could not l ift the pound from one-month lows.
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JPMorgan gains after raising annual interest income forecast

BUZZ-JPMorgan gains after raising annual interest income forecast ** Shares of JPMorgan Chase JPM.N , the largest U.S. lender by assets, rise 1.3% to $215.65 premarket ** JPM forecasts annual net interest income (NII) — the difference between what it earns on loans and pays on deposits — of $92.5 bln, higher than its prior expectations of $91 b
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Stellantis CEO says EU carbon rules are pushing industry costs up by 40%

Stellantis CEO says EU carbon rules are pushing industry costs up by 40% ROME, Oct 11 (Reuters) - Stellantis STLAM.MI Chief Executive Carlos Tavares said on Friday the current European Union carbon emission regulation is imposing 40% higher costs on the car-making industry at a time when customers are reluctant to buy expensive electric vehicles. Tavares, who was speaking before an Italian parliamentary committee in Rome, however, said Stellantis was not asking for any changes in regulation, inc

Direct lenders’ golden moment is over

RPT-BREAKINGVIEWS-Direct lenders’ golden moment is over The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford and Neil Unmack NEW YORK, Oct 10 (Reuters Breakingviews) - The downside of having a “golden moment” is that things can only get worse. That’s what direct lenders, or the core of the private-credit world that focuses on buyout debt, are finding little more than a year after Blackstone BX.N President Jon Gray pronounced a heyday f
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Hurricane Milton blows utilities into eye of storm

RPT-BREAKINGVIEWS-Hurricane Milton blows utilities into eye of storm The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Oct 10 (Reuters Breakingviews) - Strong, countervailing winds are making conditions tempestuous for U.S. power providers. No company embodies the dueling opportunities and risks more than NextEra Energy NEE.N , the $170 billion utility based in Florida, where a second ferocious storm just struck two weeks after the las
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Sustainable Switch-Global energy CO2 emissions may peak this year

Sustainable Switch-Global energy CO2 emissions may peak this year By Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello! This week closes with a reminder of the focus of this newsletter – whether we’re actually heading towards a sustainable switch. Turns out that we are, but a little too slowly for comfort as various industry bodies warn of the severe need to speed up the journey towards using renewable energy.
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BlackRock rises after Q3 AUM hits record high

BUZZ-BlackRock rises after Q3 AUM hits record high ** Shares of BlackRock BLK.N , the world's largest asset manager, rise 2.03% to $975 premarket ** BLK's assets under management hit a record high of $11.48 trillion in Q3, vs $9.10 trillion a year earlier and $10.65 trillion in Q2 ** Q3 net income at $1.63 bln, or $10.90 per share, compared with $1

Swedish EV firm Polestar falls after reporting decline in Q3 deliveries

BUZZ-Swedish EV firm Polestar falls after reporting decline in Q3 deliveries ** Shares of Swedish EV firm Polestar PSNY.O fall 3% at $1.43 in premarket trading ** PSNY, which is majority-owned by China's Geely, handed over 11,900 vehicles in Q3 compared with 13,900 vehicles a year ago ** Co said it expects to achieve a positive gross profit margin in Q4 ** Also, expects full-year revenue to be similar to last year owing to import duties and the current market conditions ** PSNY will provide a bu

Mobileye down; Mizuho downgrades to 'neutral' on slowing auto sales

BUZZ-Mobileye down; Mizuho downgrades to 'neutral' on slowing auto sales ** Shares of Self-driving tech firm Mobileye Global MBLY.O fall 2.3% to $12.01 premarket ** Mizuho downgrades MBLY to "neutral" from "outperform" and cuts PT to $13 from $30, citing challenges for co with weaker EyeQ and SuperVision expectations ** EV and autos sales are slowing in MBLY's key U.S.
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Nuclear disarmament group hopes Nobel Prize will combat apathy

REFILE-Nuclear disarmament group hopes Nobel Prize will combat apathy Corrects misspelling of 'nuclear' in headline GENEVA, Oct 11 (Reuters) - A coalition campaigning against nuclear weapons said on Friday that it hoped the award of the Nobel Peace Prize to the Japanese organisation Nihon Hidankyo would counter apathy surrounding the growing risk of their use.

Canada - Oct 11

PRESS DIGEST-Canada - Oct 11 Oct 11 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL Toronto-Dominion Bank TD.TO has pleaded guilty to conspiracy to commit money laundering after a decade of shuffling funds for criminal organizations and ignoring warnings from employees.
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Italian banking data to show further easing of lending rates, official says

RPT-Italian banking data to show further easing of lending rates, official says Repeats with new story number and no change to text MILAN, Oct 11 (Reuters) - Data on bank lending rates to be released on Saturday will show further progress on the easing of monetary conditions which has been ongoing for a while, a senior official at Italian banking association ABI said.
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Ukraine 2024/25 grain exports to fall to 40 mln T due to smaller crop, official says

UPDATE 1-Ukraine 2024/25 grain exports to fall to 40 mln T due to smaller crop, official says Abnormal heatwaves cut Ukraine grain crop Grain exports seen falling due to smaller harvest War risks may affect Ukrainian exports Adds analyst comment paragraphs 10-11 By Pavel Polityuk KYIV, Oct 11 (Reuters) - Ukraine's 2024/25 grain exports are likely to decrease to around 40 million metric tons from almost 51 million tons in 2023/24 due to a smaller harvest, the first deputy agriculture minister Tar

listed aluminum cos gain on rising aluminum prices

BUZZ-US-listed aluminum cos gain on rising aluminum prices ** U.S.-listed aluminum stocks jump as prices of alumina, main ingredient in making aluminum, hit record high on the Shanghai Futures Exchange ** Alcoa Corp AA.N up 2.9% at $40.37 and Century Aluminum gains 2.1% to $16.82 premarket ** Emirates Global Aluminum said bauxite exports from its subsidiary Guinea Alumina Corporation are suspended by customs; Guinea is the world's No.2 bauxite producer, after Australia ** Bauxite is refined into
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Fastenal marginally beats quarterly profit estimates on demand for safety products

Fastenal marginally beats quarterly profit estimates on demand for safety products Oct 11 (Reuters) - Industrial supplies maker Fastenal FAST.O on Friday posted a third-quarter profit that marginally surpassed analysts' estimates, benefiting from a sustained demand for its safety products. Shares of the company rose about 4.5% in premarket trading.
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Fertiglobe boosts Abu Dhabi, Dubai extends gain

MIDEAST STOCKS-Fertiglobe boosts Abu Dhabi, Dubai extends gain By Mohd Edrees Oct 11 (Reuters) - Stock exchanges in United Arab Emirates closed higher on Friday, with Abu Dhabi boosted by a surge in Adnoc and OCI- owned fertilizer firm Fertiglobe FERTIGLB.AD , Dubai extends gains. Abu Dhabi's benchmark index .FTFADGI rose 0.1%, bolstered by a 10.1% surge in Fertiglobe, while Abu Dhabi's richest listed firm International Holding Company IHC.AD gained 0.5%.



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