News
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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
Gold falls on Trump creating more confusion about tariffs
Gold’s price (XAU/USD) faces strong selling pressure and extends this week’s correction to hit a ten-day low near $2,880 at the time of writing on Thursday. The leg lower comes after United States (US) President Donald Trump cast doubts and confusion
Fxstreet
Thu, Feb 27
BRIEF-Iberdrola Executive Chairman: We Expect Virtually No Impact From New Tariffs In US
Feb 27 (Reuters) - Iberdrola SA IBE.MC:IBERDROLA EXECUTIVE CHAIRMAN: WE EXPECT VIRTUALLY NO IMPACT FROM NEW TARIFFS IN USIBERDROLA CFO: WE EXPECT TO DEVELOP RENEWABLES PIPELINE IN US IN MUCH LONGER TIME THAN PREVIOUSLY EXPECTEDIBERDROLA CFO: HOPE TO COMPLETE TWO OR THREE ASSET ROTATION INITIATIVE IN...Reuters
Thu, Feb 27
Impala could close Canadian palladium mine early after price rout
Implats' half-year profit down 43%Scraps dividend as sector battles falling incomeSA platinum miners have restructured operations to stay afloatAdds detail from paragraph 6 Feb 27 (Reuters) - Impala Platinum (Implats) IMPJ.J could wind down its palladium mine in Canada earlier than planned if...Reuters
Thu, Feb 27
EUROPE GAS-Prices rebound on technical buying, strong demand
LONDON, Feb 27 (Reuters) - Dutch and British wholesale gas prices rebounded on Thursday amid technical buying and as strong demand supported the market.The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was up 2.00 euros at 43.40 euros per megawatt hour (MWh), or $13.33 /mmBtu...Reuters
Thu, Feb 27
China says Tasman Sea navy firing drills 'in line' with international law
Cchina's defence ministry says drills 'no problem'Stealth destroyer China's most advanced surface shipDeployment closely scrutinised as China tests capabilitiesAdds quote from spokesman, details; paragraphs 3-5,7,8,12By Laurie Chen BEIJING, Feb 27 (Reuters) - Recent unprecedented ...Reuters
Thu, Feb 27
Wind turbine maker Nordex upbeat on long-term US prospects
Recasts and writes through with CEO quotes and contextBy Marleen Kaesebier and Bernadette Hogg Feb 27 (Reuters) - German wind turbine maker Nordex NDXG.DE expects continued growth in its U.S. market despite changes to the renewables landscape in the short term, its CEO said after better than expe...Reuters
Thu, Feb 27
US gives Serbian oil company last-minute sanctions reprieve, says President Vucic
Adds quotes, context and background from paragraph 3 onwards BELGRADE, Feb 27 - The United States has suspended sanctions for 30 days on Serbian oil company NIS, which is majority-owned by Russian companies and runs the country's only oil refinery, President Aleksandar Vucic said on Thursday,...Reuters
Thu, Feb 27
WTI holds gains above $68.50 as Trump decides to revoke Chevron’s Venezuela license
West Texas Intermediate (WTI) Oil price maintains its position above the two-month low of $68.29, recorded on February 26, currently hovering around $68.70 per barrel during European trading hours on Thursday.
Fxstreet
Thu, Feb 27
China urges US to halt tariff probe into copper imports
BEIJING, Feb 27 (Reuters) - China urged the United States on Thursday to halt an investigation into potential new tariffs on copper imports to rebuild U.S. production of the critical metal, vowing to retaliate if Chinese entities got caught up in the levies.Reuters
Thu, Feb 27
WRAPUP 4-China says Taiwan drills 'routine', as Taipei details surge in military activity
Updates graphicTaiwan reports seven Chinese warships in 'shooting' zoneNo live firing detected, Taiwan officials say China says drills are 'routine', Taiwan hyping up issueTrump declines comment on allowing China to take Taiwan by forceChina's annual parliament meet set for next ...Reuters
Thu, Feb 27
Singapore fuel oil stockpiles drop to 3-month low
SINGAPORE, Feb 27 (Reuters) - Singapore onshore fuel oil stockpiles fell for a second week to around a three-month low, data showed on Thursday.Residue inventories STKRS-SIN were at 17.547 million barrels in the week to February 26, down 7.2% from the previous week, Enterprise Singapore data showed....Reuters
Thu, Feb 27
ANALYSIS-Trump's steel tariffs imperil China's steel transshipment trade
China's steel exports under heightened pressure Trump tariffs threaten transshipment estimated at $7 blnNew U.S. tariffs bring wave of global steel trade barriersPressure on exporters could ramp up competition in other marketsBy Amy Lv, Phuong Nguyen and Lewis Jackson BEIJING, Feb 27 (Reuters...Reuters
Thu, Feb 27
India assessing Trump threat for tariffs on steel, aluminium, official says
NEW DELHI, Feb 27 (Reuters) - India is studying U.S. President Donald Trump's threat to impose tariffs on the country's steel and aluminium imports, mines secretary Kantha Rao said on Thursday."We definitely have a cost advantage in production of steel and aluminium. We are studying... w...Reuters
Thu, Feb 27
