SINGAPORE, October 15, 2025 — The global oil shipping network is facing renewed turbulence after U.S. sanctions on a key Chinese crude oil terminal prompted trading companies to divert at least five tankers to alternative ports, threatening congestion at major Chinese energy hubs, according to market sources and vessel tracking data. The sanctions, announced by…

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PARIS, October 15, 2025 — French energy giant TotalEnergies SE (TTEF.PA) announced on Wednesday that it expects improved third-quarter financial results, driven by higher oil and gas production and stronger refining margins, even as lower oil prices and reduced liquefied natural gas (LNG) output weighed on performance. In its third-quarter trading update, the company said…

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MOSCOW, October 15, 2025 — The Organization of the Petroleum Exporting Countries (OPEC) has reiterated its call for stronger global investment in oil and gas, warning that underinvestment could threaten future energy stability and affordability. Speaking at the Russian Energy Week conference in Moscow, OPEC Secretary General Haitham Al Ghais emphasized that fossil fuels will…

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MOSCOW, October 15, 2025 — Hungary sharply criticized the European Union’s energy policy on Wednesday, defending its continued reliance on Russian oil and gas during the Russian Energy Week forum in Moscow. Foreign Minister Peter Szijjarto warned that Hungary’s economy would face severe consequences if it were forced to cut off Russian energy imports, reaffirming…

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BEIJING, October 15, 2025 — China has lodged a formal complaint with the World Trade Organization (WTO) against India, alleging that New Delhi’s subsidies for electric vehicles (EVs) and batteries unfairly favour domestic manufacturers and harm Chinese industry interests. In a statement issued on Wednesday, China’s Ministry of Commerce said the subsidy schemes distort competition…

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Markets Regain Footing as Investors Eye More Fed Easing LONDON/SINGAPORE, October 15, 2025 — Global stock markets rebounded on Wednesday after U.S. Federal Reserve Chair Jerome Powell struck a dovish tone, reigniting expectations of further interest rate cuts before the end of the year. The renewed optimism, coupled with upbeat U.S. bank earnings and a…

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Indian Equities Edge Higher Amid Global Market Optimism MUMBAI, October 15, 2025 — Indian stock markets opened higher on Wednesday, tracking gains across Asian peers as growing optimism over an imminent U.S. Federal Reserve rate cut lifted investor sentiment. At 9:52 a.m. IST, the Nifty 50 (.NSEI) advanced 0.28% to 25,216.2, while the BSE Sensex…

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LVMH Sparks Rally Across European Luxury Sector LONDON, October 15, 2025 — European equities advanced on Wednesday, buoyed by a surge in luxury sector stocks after LVMH (LVMH.PA) posted stronger-than-expected third-quarter results. The upbeat report from the world’s largest luxury goods group helped restore investor confidence amid global economic uncertainty and ongoing trade tensions. Shares…

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Aurubis Stock Declines After Salzgitter Issues €500 Million Exchangeable Bonds FRANKFURT, October 15, 2025 — Shares of German copper producer Aurubis AG (NAFG.DE) dropped sharply on Wednesday after major shareholder Salzgitter AG (SZGG.DE) announced a €500 million bond offering exchangeable for 7.6% of Aurubis stock. The move triggered a 6.7% decline in Aurubis shares, which…

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LVMH Reports First Sales Growth of 2025 as China Market Rebounds Paris, October 15, 2025 — Global luxury leader LVMH Moët Hennessy Louis Vuitton (LVMH) reported a 1% year-on-year sales increase in the third quarter, buoyed by improving demand in mainland China. The results mark the group’s first quarterly growth of the year, signaling early…

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