Oil edges higher as traders eye possible US-Iran talks at UN General Assembly
Crude prices steadied on Tuesday, with Brent up 0.22% and WTI nearly flat, as investors watched for signs of US-Iran diplomacy in New York.
Economy
Wang Yi Tells Germany China and EU Should Avoid Trade Wars
China's Wang Yi told Germany's foreign minister that Beijing and Europe should resolve trade concerns through dialogue rather than conflict.
Seoul's Yongsan Park at Centre of Housing Showdown Between President and Mayor
A dispute over Seoul's largest planned park pits Mayor Oh Se-hoon against President Lee Jae Myung, whose housing policies face record-low approval amid 86 weeks of rising apartment prices.
South Korea to Brief Lawmakers on $350 Billion US Investment Package
South Korea's government will brief lawmakers on a $350 billion US investment package, with terms for $200 billion in strategic projects still unresolved.
Two GOP Senate Candidates Break With Trump, Urge Swift End to Iran War
Republican Senate candidates Ashley Hinson and Mike Rogers urged a swift end to the Iran war and relief at the pump, distancing themselves from Trump.
RBA Economist Signals Possible Rate Hike as Inflation Stays High
Reserve Bank of Australia Assistant Governor Sarah Hunter says rates may need to rise again to curb inflation, with markets pricing a 95% chance of a hike next week.
Canada tables draft bill to fast-track project approvals and rework strike powers
Canada has unveiled draft legislation to speed up approvals for major projects and make it harder for the labour minister to end strikes.
US Energy Department Picks 21 Geothermal Projects for $99 Million
The US Department of Energy has selected 21 projects for up to $99 million to advance geothermal energy, including five enhanced geothermal systems tests and 16 exploration drilling efforts.
Libya's NOC Warns of Force Majeure as Armed Group Shuts Sharara Pipeline
Libya's National Oil Corporation says an armed group shut a valve on the Sharara pipeline, cutting output by about 200,000 bpd and threatening force majeure.
Texas Halts Data Center Permits Pending Grid Audit
Texas Governor Greg Abbott has suspended all state-issued permits for data centers until an ERCOT grid audit and related water-use information are obtained.
Maharashtra Set to Declare 100% Drought by Month-End, Says Minister
Maharashtra will declare a 100% drought by end-September, Cooperation Minister Babasaheb Patil said, citing severe crop losses and a prolonged dry spell.
Canada Open to LNG Partnership With France, Says Foreign Minister Anand
Canadian Foreign Minister Anita Anand says an LNG partnership with France is conceivable, citing Canada's new Pacific coast export capacity and global demand for energy deals.
Newsom Signs Seven Bills to Rein In California's Data Center Boom
California Governor Gavin Newsom signed seven bills regulating data centers, requiring disclosures on power, water and land use while shielding ratepayers from grid upgrade costs.
Armed Group Shuts Sharara Pipeline Valve, Slashing Libya Oil Output
Libya's NOC says an armed group closed valve 7 on the Sharara crude pipeline to Zawiya port, sharply cutting output at the major oilfield.
Moldova Seeks Emergency Powers Over Energy and Water as Dniester Levels Drop
Moldova's government will ask parliament to declare an energy and water emergency after the Security Council warned of dangerously low Dniester River levels.
Brazil Holds Back Reciprocity Law Against US Tariffs as Talks Continue, Lula Says
Brazil will not invoke its reciprocity law against US tariffs while trade negotiations are ongoing, President Lula da Silva has said.
Carbon Forestry Boom Reshapes New Zealand Farm Country
New Zealand's emissions trading scheme has turned forestry into a lucrative land use, displacing livestock farms and hollowing out rural towns.
IDB Study: AI Could Lift LatAm-Caribbean GDP 5.1%, but Wages Risk Falling
IDB research due in November projects AI could enlarge Latin America and Caribbean economies by 5.1% after a decade, but warns wages could fall sharply without worker mobility.
Business group sues Treasury over withheld $300 million in community lender grants
A business advocacy group has sued the U.S. Treasury for failing to distribute nearly $300 million in CDFI grants before they expire on September 30.
Nestle Russia Vows to Keep Operating After Kremlin Asset Transfer
Nestle's Russian subsidiary says it will continue operations and meet all obligations after the Kremlin placed its assets under temporary control.