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S.Korea Sept exports log slowest growth in almost two years

By Cynthia Kim SEOUL, Oct 1 (Reuters) - South Korea's exports grew at the slowest pace in nearly two years in September as softening global demand piles pressure on the trade-dependent economy. Overseas shipment grew 2.8% in September, missing the 2.9% tipped in a Reuters poll of analysts and the slowest expansion since October 2020. Asia's fourth-largest economy has seen export growth decline to the single digits since June as slowdowns in the United States, Europe and China put the brakes on d

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EU leaders to discuss next steps on energy, Ukraine

BRUSSELS, Oct 2 (Reuters) - EU country leaders will discuss how to step up support for Ukraine and their joint next steps to tame soaring energy prices when they meet on Friday. In a meeting invitation letter to EU leaders published on Sunday, European Council President Charles Michel called for a firm EU response to recent developments, including Russia declaring the annexation of four regions of Ukraine on Friday.

White House's Sullivan meets Ukraine's Yermak in Istanbul, pledges U.S. support

WASHINGTON, Oct 2 (Reuters) - U.S. national security adviser Jake Sullivan met with Andriy Yermak, the head of Ukraine's presidential office, in Istanbul on Sunday and pledged Washington's steadfast support for Ukraine's sovereignty and territorial integrity, the White House said. The two discussed the situation at Ukraine's Zaporizhzhya Nuclear Power Plant and Ukraine's continued work with the United Nations to export food to the world," Adrienne Watson, spokesperson for the White House's Natio

Italy's Eni says it will not receive Russian gas requested for Monday

MILAN, Oct 2 (Reuters) - Italy's Eni ENI.MI said on Sunday that it would not receive any of the gas it had requested from Russian supplier Gazprom GAZP.MM for Monday. In a note published on a platform of Italian energy exchange operator GME, Eni said that the situation was expected to remain the same until Oct. 4, adding it would give further updates.
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Italy's Eni says it will not receive Russian gas requested for Monday

MILAN, Oct 2 (Reuters) - Italy's Eni ENI.MI said on Sunday that it would not receive any of the gas it had requested from Russian supplier Gazprom GAZP.MM for Monday, and that the situation was expected to remain the same until Oct. 4. The company added that it would give further updates. Reporting by Federico Maccioni, editing by Alexander Smith
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Indonesia soccer stampede kills 125 after police use tear gas in stadium

* More than 320 injured during crowd stampede * Indonesia football association suspends league to investigate * Police say they fired tear gas to control crowd By Stanley Widianto, Stefanno Sulaiman and Yuddy Cahya Budiman MALANG, Indonesia, Oct 2 (Reuters) - A stampede at a soccer stadium in Indonesia has killed 125 people and injured more than 320 after police police used tear gas to quell a pitch invasion, authorities said on Sunday, in one of the world's worst stadium disasters.

Italy to get through winter with current gas levels -energy minister

MILAN, Oct 2 (Reuters) - Italy will be able to get through the winter with existing gas storage and flow levels unless there are "catastrophic events", the country's energy minister said on Sunday. "We have gas storage filled at more than 90% (of capacity)," Roberto Cingolani told state-owned television channel Rai Tre, adding that gas was still flowing into Italy, which could also rely on a savings plan ahead of the winter.
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Egypt's net foreign assets resume decline in August

CAIRO, Oct 2 (Reuters) - Egypt's net foreign assets (NFAs) fell by 18.06 billion Egyptian pounds ($925 million) in August, resuming a near year-long decline that had paused the month before, central bank data showed. The central bank has been relying on NFAs, which represent banking system assets owed by non-residents minus liabilities, to help support the currency.

Florida, Carolinas face daunting recovery after Hurricane Ian

(Updates with seven additional deaths being reported in Lee County) By Brad Brooks MIAMI, Oct 2 (Reuters) - The remnants of Hurricane Ian drifted through Virginia early on Sunday, while storm-ravaged residents in Florida and the Carolinas faced a disaster recovery expected to cost tens of billions of dollars. The storm's death toll was expected to rise as floodwaters receded and search teams pushed farther into areas initially cut off from the outside world, where hundreds of people have been re

Tensions mount as Brazilians vote in polarized presidential election

By Lisandra Paraguassu, Rodrigo Viga Gaier and Gram Slattery BRASILIA, Oct 2 (Reuters) - Brazilians voted on Sunday in the first round of their country's most polarized election in decades, with leftist Luiz Inacio Lula da Silva favored to beat right-wing incumbent Jair Bolsonaro. There were reports of long, snaking lines across Brazil as many turned out to vote in a tense election, punctuated by episodes of violence and fears over a sharp uptick in gun ownership under Bolsonaro.

Wall St Week Ahead-Investors expect no peace in U.S. stocks until bond gyrations subside

By David Randall NEW YORK, Sept 30 (Reuters) - Investors believe the feedback loop between U.S. stocks and bonds will likely be a key factor in determining whether the gyrations that have rocked markets this year continue into the last months of 2022. With the third quarter over, both assets have seen painful sell-offs - the S&P 500 .SPX is down nearly 25% year-to-date and the ICE BofA Treasury Index has fallen by around 13%.
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Russian Deputy PM says restoration of Nord Stream possible - TASS

MOSCOW, Oct 2 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Sunday that it was technically possible to restore the ruptured offshore infrastructure of the Nord Stream gas pipelines, TASS news agency reported. A total of four leaks were discovered last week on the Nord Stream 1 and 2 pipelines in the Baltic Sea near Denmark and Sweden, with a significant fall in gas pressure leading to the detection of the ruptures.
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Gas outflow from last Nord Stream leaks has ended, Denmark cites company as saying

COPENHAGEN, Oct 2 (Reuters) - Denmark's Energy Agency said on Sunday it had been informed by Nord Stream AG that stable pressure had been achieved in the damaged Nord Stream 1 pipeline and that this indicates the outflow of natural gas from the last leaks had now halted. A total of four leaks were discovered on the Nord Stream 1 and 2 pipelines in the Baltic Sea near Denmark and Sweden last week.

Russian Deputy PM says it's possible to restore Nord Stream pipelines - TASS

MOSCOW, Oct 2 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Sunday that it was technically possible to restore ruptured offshore infrastructure of Nord Streams pipelines, TASS news agency reported. "There have never been such incidents. Of course, there are technical possibilities to restore the infrastructure, it takes time and appropriate funds.
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UK PM Truss says cabinet was not informed of plans to scrap top rate of tax

BIRMINGHAM, England Oct 2 (Reuters) - British Prime Minister Liz Truss said on Sunday her cabinet of top ministers was not informed in advance that the government planned to abolish the top rate of tax, adding it was a decision taken by finance minister Kwasi Kwarteng. The government sparked turmoil in financial markets last month after Kwarteng delivered a plan to cut taxes, mainly benefitting the wealthiest, without detailing the impact on the public finances or how ministers would reform the

OPEC+ to consider oil cut of over than 1 mln bpd - sources

* Cuts could include Saudi voluntary reduction * Largest cut since pandemic reduction * Oil fell due to rising Fed rates, weak economy By Maha El Dahan and Olesya Astakhova DUBAI, Oct 2 (Reuters) - OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness.

Israel upbeat on draft Lebanese demarcation deal, sees gas profit-sharing

* U.S. envoy submits new proposal for maritime border * Enemy countries eye exploration in disputed field By Dan Williams JERUSALEM, Oct 2 (Reuters) - Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas prospect. Hoping to defuse one source of conflict between the hostile countries and prod them toward accommodation, U.S.

OPEC+ to consider oil output cut of over 1 mln bpd - sources

DUBAI Oct 2 (Reuters) - OPEC+ will consider an oil output cut of over a million barrels per day (bpd) when it meets on Oct 5., OPEC sources told Reuters on Sunday. The figure is slightly above the estimate for a cut given last week which ranged between 500,000 bpd to 1 million bpd. Reporting by Maha El Dahan and Olesya Astakhova Editing by Gareth J

UK PM Truss says cabinet was not informed of plans to scrap top rate of tax

LONDON, Oct 2 (Reuters) - British Prime Minister Liz Truss said on Sunday her cabinet of top ministers was not informed in advance that the government planned to abolish the top rate of tax, adding it was a decision taken by finance minister Kwasi Kwarteng. "No, we didn't, this was a decision that the chancellor made," Truss told the BBC when asked whether all of her cabinet were told of the planned scrapping.

UK's Truss tries to reassure on economic plan

* PM defends economic plan, saying it is right * Also tries to reassure party, public * Says Kwarteng made decision on high tax rate By Elizabeth Piper and Andrew MacAskill BIRMINGHAM, England, Oct 2 (Reuters) - British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to "lay the ground" for an economic plan that saw the pound fall to record lows and government borrowing costs soar.

Lapid says draft Lebanese maritime border deal guards Israel's interests

JERUSALEM, Oct 2 (Reuters) - Israeli Prime Minister Yair Lapid gave a preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon, telling his cabinet the proposal would fully safeguard Israel's security and commercial interests. Lapid also voiced openness to Lebanon producing natural gas in a disputed Mediterrean field if Israel got royalties from it.



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