News
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RPT-BREAKINGVIEWS-Luckin Coffee deal adds extra shot to comeback
By Katrina HamlinHONG KONG, March 12 (Reuters Breakingviews) - Luckin Coffee LKNCY.PK has a shot at redemption. Four years after Centurium Capital took control of the scandal-hit and bankrupt java chain, the buyout firm is in advanced talks to buy upscale peer Blue Bottle Coffee for less than $400 m...Reuters
Thu, Mar 12
RWE in $20 billion US expansion push, shares near 16-year high
To spend 17 billion euros in United States2025 core profit beats pollExpects US capacity to grow to 22 gigawattsShares near 16-year highBy Christoph Steitz and Tom Käckenhoff ESSEN, Germany, March 12 (Reuters) - RWE RWEG.DE will expand more aggressively in the United States, a market where data c...Reuters
Thu, Mar 12
Zefyros tanker hit by unknown projectile at Iraqi anchorage - ship manager
LONDON, March 12 (Reuters) - The Zefyros tanker was hit by an unknown projectile during a ship-to-ship transfer with oil tanker Safesea Vishnu at Iraq's Umm Qasar anchorage, the vessel's Greece based manager Benetech Shipping SA said on Thursday. The incident took place at 2341 local time on...Reuters
Thu, Mar 12
PRECIOUS-Gold treads water as margin calls, strong dollar offset safety demand
Oil prices jump over 6%Two oil tankers in Iraqi waters set ablaze in latest attacksDollar near highest since 2026 start,10-yr yields at 5-week highBy Ishaan Arora March 12 (Reuters) - Gold prices were little changed on Thursday, as margin calls on sliding equities, a stronger dollar and dampened ...Reuters
Thu, Mar 12
US cannot escort ships through Strait of Hormuz now, maybe by month's end, US energy chief says
WASHINGTON, March 12 (Reuters) - U.S. Energy Secretary Chris Wright told CNBC on Thursday that the Navy cannot escort ships through the Strait of Hormuz now but it was "quite likely" that could happen by the end of the month.Reuters
Thu, Mar 12
Pakistan's PIA raises fuel surcharge as Gulf crisis drives up costs
KARACHI, March 12 (Reuters) - Fuel costs of Pakistan International Airlines have risen 34% due to the crisis in the Gulf region and the carrier is increasing the fuel surcharge on both domestic and international routes, a spokesman said on Thursday. Pakistan International Airlines will raise the fue...Reuters
Thu, Mar 12
Brent: Range trade after sharp oil spike – Societe Generale
Societe Generale analysts describe Brent as having broken out of a large base and accelerated towards $120 before a steep pullback. The contract is holding above $81, with an upside gap near $93.80 and the $120 pivot high seen as a key hurdle.Fxstreet
Thu, Mar 12
South Korea to cap fuel price starting Friday to ease consumer burden
SEOUL, March 12 (Reuters) - South Korea said on Thursday that it will cap domestic fuel prices starting on Friday to combat a spike in energy costs stemming from the conflict in the Middle East. The move comes as South Korea is scrambling to cushion the impact of the Middle East energy crisis on As...Reuters
Thu, Mar 12
World faces largest-ever oil supply disruption on Middle East war, IEA says
Global supply to drop by 8 million bpd in March due to Strait of Hormuz blockadeMiddle East Gulf countries cut oil production by 10 million bpdIEA says recovery of production could take weeks or monthsIEA head says oil reserve release had 'strong impact' on marketsBy Alex Lawler LONDON, M...Reuters
Thu, Mar 12
Aluminium: Middle East risks keep market tight – ING
ING strategists Warren Patterson and Ewa Manthey report LME Aluminium trading near four-year highs as Middle East conflict-driven supply risks support prices. Rising cancelled warrants and accelerating stock withdrawals point to growing physical tightness, particularly at Port Klang.Fxstreet
Thu, Mar 12
Prices jump in Turkmenistan as war dries up imports from neighbouring Iran
By Marat GurtASHGABAT, March 12 (Reuters) - Retailers and consumers in the Turkmen capital, Ashgabat, say prices for key goods imported from nearby Iran have jumped sharply, as normally lively cross-border trade is disrupted by Israeli and U.S. strikes on Turkmenistan's southern neighbour.Iran i...Reuters
Thu, Mar 12
NORDIC POWER-Forward prices rise on tight water reserves, higher European gas rates
March 12 (Reuters) - Nordic forward power prices rose on Thursday, driven by lower water reserves in the hydropower-dependent region, while strong European gas prices also provided support. Nordic front-quarter baseload power contract ENOFBLQc1 rose 3.5 euros, or 6.8%, to 54.7 euros per megawatt hou...Reuters
Thu, Mar 12
India's non-Hormuz crude sourcing has increased to 70% of imports, oil minister says
NEW DELHI, March 12 (Reuters) - India's sourcing of non-Hormuz crude has increased to 70% of its total imports and the country's current crude supply position is secure, Oil Minister Hardeep Singh Puri told parliament on Thursday. India's petrol and diesel availability is also fully secu...Reuters
Thu, Mar 12
RPT-ROI-Is Europe's gas demand recovery derailed or just dented by Iran crisis?: Maguire
By Gavin Maguire LITTLETON, Colorado, March 12 (Reuters) - Most of Europe's largest natural gas consumers cranked gas-fired power production to multi-year highs in early 2026, raising hopes among liquefied natural gas (LNG) exporters that the region was regaining its taste for the fuel.Howeve...Reuters
Thu, Mar 12
RPT-ROI-Iran oil shock prompts ECB hawks to seek 2021/22 rematch: Mike Dolan
By Mike Dolan LONDON, March 12 (Reuters) - European Central Bank hawks are itching to rewrite the record. This month's energy price shock may not match the fallout from Russia's invasion of Ukraine, but officials are clearly wary of repeating the slow post-pandemic policy tightening that ...Reuters
Thu, Mar 12
US must stick to EU-US 2025 trade deal, says Germany on US trade probe
March 12 (Reuters) - Germany has taken note of the U.S.'s unfair-trade probe, the economy ministry said on Thursday, adding it was crucial that any new tariffs would not breach an agreement between the EU and the U.S. struck in summer 2025.The ministry said in a statement it expected the U.S. wo...Reuters
Thu, Mar 12
Bangladesh secures spot LNG cargoes as costs soar, seeks Indian oil
Bangladesh scrambling for fuel amid the Middle East crisisIndia says it has received Bangladesh’s request for suppliesDhaka turns to costly spot LNG purchases amid supply disruptions DHAKA, March 12 (Reuters) - Bangladesh has bought three liquefied natural gas (LNG) cargoes on the spot market at ...Reuters
Thu, Mar 12
Poland says foiled cyberattack on nuclear centre may have come from Iran
WARSAW, March 12 (Reuters) - Poland has foiled a cyberattack on its nuclear research centre and is examining signs that Iran may be behind it, the government said on Thursday, cautioning the indicators might be a deliberate misdirection to hide the attackers’ true location.Poland says it has been th...Reuters
Thu, Mar 12
