News
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Vistra reports quarterly profit as AI boom fuels power demand
Feb 27 (Reuters) - Power producer Vistra Corp VST.N reported fourth-quarter profit on Thursday, reversing a year-ago loss, as strong electricity demand from AI-server infrastructure boosted its shares by 7.3% to $159 in premarket trading.Utilities have witnessed a huge surge in the demand for power ...Reuters
Thu, Feb 27
US natgas prices ease on mild weather ahead of storage report
Mild weather allows frozen wells to return to serviceUS gas output near record high in FebruaryUS LNG export feedgas on track for record high in FebruaryBy Scott DiSavinoFeb 27 (Reuters) - U.S. natural gas futures eased about 1% on Thursday on near record output, mild weather and forecast for less h...Reuters
Thu, Feb 27
EU steel industry needs more protection, says French industry minister
Adds context in second paragraph, joint statement in last two paragraphsPARIS, Feb 27 (Reuters) - Europe's ailing steel sector needs to be better protected from cheap imports as current measures are insufficient, French industry minister Marc Ferracci said on Thursday.European steel producers ar...Reuters
Thu, Feb 27
RPT-COLUMN-Asia's falling crude oil imports challenge 2025 demand forecasts: Russell
Repeats column published earlier. The opinions expressed here are those of the author, a columnist for Reuters.By Clyde RussellLAUNCESTON, Australia, Feb 27 (Reuters) - Asia's crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the...Reuters
Thu, Feb 27
Iberdrola plays down tariffs impact as slows US renewables projects
Iberdrola will focus its US investments on power gridsPower grids can provide steady source of revenueLocal supply chains protect it from any tariff impactIberdrola raises its 2025 guidanceRecasts with US investments and tariffs impact, rewrites throughoutBy Pietro Lombardi MADRID, Feb 27 (Reuter...Reuters
Thu, Feb 27
Utility Evergy misses fourth-quarter profit estimates on higher costs
Feb 27 (Reuters) - Evergy Inc EVRG.O missed fourth-quarter profit estimates on Thursday, as the power company was hurt by higher operating and interest expenses.Higher-for-longer interest rates push up borrowing costs for utility companies such as Evergy, which typically need more capital for expens...Reuters
Thu, Feb 27
Hormel Foods misses quarterly profit estimates on higher input costs
Feb 27 (Reuters) - Skippy peanut butter maker Hormel Foods HRL.N on Thursday missed first-quarter profit estimates, hurt by higher input costs and the persistent effects of a supply issue at its Planters brand's distribution facility from last year. Hormel Foods, which sells snacking and pack...Reuters
Thu, Feb 27
Russia's Portovaya and Kryogaz-Vysotsk halt LNG exports as sanctions kick in, data shows
MOSCOW, Feb 27 (Reuters) - Small-scale Russian producers of liquefied natural gas (LNG) located on the shores of the Baltic Sea, Portovaya LNG and Kryogaz-Vysotsk, have suspended LNG supplies, LSEG ship-tracking data showed on Thursday, as U.S. sanctions have kicked in.Reuters
Thu, Feb 27
PRECIOUS-Gold falls more than 1% as dollar firms ahead of inflation data
Spot gold hit its lowest level since Feb. 17Trump sows confusion on tariffs for Canada and MexicoReuters poll forecasts PCE monthly index of 0.3% for JanuaryUpdates with EMEA mid-session tradingBy Anjana Anil and Sarah Qureshi Feb 27 (Reuters) - Gold prices fell over 1% to their lowest level in m...Reuters
Thu, Feb 27
BUZZ-COMMENT-Options stand to gain from eventual EUR/USD break-out
Feb 27 (Reuters) - EUR/USD is lacking a catalyst to break the 1.0400-1.0500 range which has contained it since a recovery from 2-year lows at 1.0125 on February 3. FX Options will benefit from increased FX volatility in either direction and may be the tool of choice to benefit from an eventual break...Reuters
Thu, Feb 27
ASIA COFFEE-Domestic prices edge lower in Vietnam, discounts narrow in Indonesia
By Phuong Nguyen and Mas Alina ArifinHANOI, Feb 27 (Reuters) - Prices in Vietnam edged slightly lower this week on global cues and dull trading activities, while discounts in Indonesia narrowed, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region,...Reuters
Thu, Feb 27
Standard Chartered lays out detailed net zero transition plan
Feb 27 (Reuters) - Standard Chartered STAN.L on Thursday disclosed a detailed plan outlining its integration of climate considerations into its business operations, aiming for net zero targets across its financing activities by 2050 and its operations by 2025.The plan comes a few days after the bank...Reuters
Thu, Feb 27
RPT-COLUMN-Analysts gunning for big US corn acreage could be let down, for now: Braun
The opinions expressed here are those of the author, a market analyst for Reuters.By Karen Braun NAPERVILLE, Illinois, Feb 26 (Reuters) - U.S. farmers will undoubtedly plant more corn this year than last, but how much more?Industry analysts are not exactly in consensus. In fact, uncertainty is at...Reuters
Thu, Feb 27
GRAINS-Wheat extends fall, corn steady before U.S. planting data
Updates at 1032GMT, changes dateline PARIS/CANBERRA, Feb 27 (Reuters) - Chicago wheat fell again on Thursday to hit a two-week low, while corn edged up as traders adjusted positions before U.S. planting forecasts while awaiting more indications on U.S. tariff policy.Soybean futures ticked up.The ...Reuters
Thu, Feb 27
French industry minister reaffirms that Europe needs firm response to Trump's latest tariffs
PARIS, Feb 27 (Reuters) - Europe needs to respond firmly but proportionately to U.S. President Donald Trump's latest tariffs threats, French industry Minister Marc Ferracci said on Thursday, adding that these threats were "worrying but not surprising". Ferracci was speaking at a news con...Reuters
Thu, Feb 27
Europe's steel industry needs greater protection, says French industry minister
PARIS, Feb 27 (Reuters) - Europe's ailing steel sector needs to be protected and safeguard measures on steel imports must be strengthened, French industry minister Marc Ferracci said on Thursday."The European industry and the steel sector need protection, which in the short term means beefin...Reuters
Thu, Feb 27
Poland's Orlen quarterly core operating profit jumps nearly 74%
Adds CEO quote, details on Venture Global LNG, arbitration case and background from paragraph 6 to 13 GDANSK, Feb 27 (Reuters) - Polish energy group Orlen PKN.WA reported on Thursday a 73.8% surge in fourth-quarter core operating profit, slightly beating analysts' estimates driven by strong p...Reuters
Thu, Feb 27
