U.S. battery startup EnerVenue has begun mass production at its new facility in Changzhou, China, after abandoning a planned $264 million factory in Kentucky, citing the depth of China's manufacturing supply chain and engineering talent.
Negotiations for separate free trade agreements with the Philippines and the ASEAN bloc are more than 90% complete, Canada's trade minister said, with Ottawa targeting a November conclusion. The deals are part of Canada's strategy to diversify trade, with a focus on energy and technology sectors.
Ukrainian President Volodymyr Zelenskiy is scheduled to meet with U.S. President Donald Trump at the United Nations to propose a halt to attacks on energy infrastructure, a move driven by fears of winter strikes and U.S. concerns over high gas prices.
An escalating energy and power crisis in Bangladesh is forcing widespread production stoppages and order cancellations in its vital garment sector, though firms with independent power generation are proving more resilient.
Crude oil prices declined as signs of recovering Saudi Arabian oil exports and hopes for de-escalation in the Middle East eased immediate supply concerns for investors.
Gold retreated on Monday as the U.S. dollar gained strength and traders priced in a higher probability of another Federal Reserve interest rate hike this year, increasing the opportunity cost of holding the non-yielding metal.
Goldman Sachs is maintaining its long-term bullish outlook on gold, forecasting a price of $5,400 per ounce by late 2027, arguing that strong central bank buying will outweigh near-term headwinds from Federal Reserve rate increases.
European natural gas futures fell on easing Mideast supply fears, while a new ECB study warns that wholesale price shocks now translate to consumer inflation much more quickly, complicating monetary policy.
US Soybean futures are approaching a crucial technical support level at $1,299, with indicators pointing to increasing bearish momentum. A decisive break below this level could trigger a significant increase in volatility and a sharper price decline.
