News
Important Only
EU countries give final approval to weaken company sustainability laws
Rules will now only apply to larger companies Deadline to comply delayed by two years to mid-2029EU drops requirement for climate change transition plansBy Kate Abnett BRUSSELS, Feb 24 (Reuters) - EU countries on Tuesday gave their final approval to scale back rules that require companies to addr...Reuters
Tue, Feb 24
US airlines cancel over 2,000 flights as storm disruption continues
Feb 24 (Reuters) - U.S. airlines canceled over 2,000 flights on Tuesday, far fewer than a day earlier, as a powerful winter storm that disrupted airports across the Northeast was expected to ease by evening, with strong winds expected to continue into the early hours.Over 2,000 flights canceled, 600...Reuters
Tue, Feb 24
FACTBOX-More than 380,000 customers without power as winter storm hits US Northeast
Feb 24 (Reuters) - A winter storm across parts of the U.S. Northeast has left more than 380,000 homes and businesses without power, as officials across the region warned of heavy snow, strong winds and dangerous travel conditions.The hardest-hit utilities included Eversource Energy ES.N in Massachus...Reuters
Tue, Feb 24
Amer Sports Q4 revenue beats estimates on technical apparel unit growth
OverviewSports and outdoor brand's Q4 revenue grew 28%, beating analyst expectationsOperating margin declined due to increased SG&A investments in Salomon SoftgoodsCompany announced Carrie Ask as new Wilson CEO, effective March 1OutlookAmer Sports expects full-year 2026 revenue growth of 16-...Reuters
Tue, Feb 24
RPT-ROI-US and China hold the keys to containing a Mideast oil shock: Bousso
By Ron Bousso LONDON, Feb 24 (Reuters) - A serious military confrontation between the U.S. and Iran could trigger a major disruption in Middle East oil supplies. The vast oil reserves the U.S. and China hold could prove critical in containing it.For now, uncertainty dominates in this protracted s...Reuters
Tue, Feb 24
RPT-ROI-Next Fed move a hike? Bostic's parting shot raises alarm: Mike Dolan
By Mike Dolan LONDON, Feb 24 (Reuters) - Amid the consternation about the U.S. Supreme Court's quashing of President Donald Trump's emergency tariffs, markets may have missed a surprising take on Federal Reserve policy - that it's not inconceivable the next interest rate shift could b...Reuters
Tue, Feb 24
EXCLUSIVE-Glencore to buy almost $115 million of cobalt from industry veteran Weisfisch, sources say
Material expected to be shipped to the U.S., sources sayTrump administration actively seeking to secure critical mineralsCobalt vital for defense and military equipmentBy Pratima Desai LONDON, Feb 24 (Reuters) - Glencore has agreed to buy nearly 2,000 metric tons of cobalt worth almost $115 milli...Reuters
Tue, Feb 24
Nigeria to start exporting new crude grade in March, further boosting output
Cawthorne crude similar to Bonny Light, valued for gasoline and diesel yieldsCawthorne export via vessel with 2.2 million barrel capacity, boosting productionNigeria's crude and condensate supply could rise to 1.7 million bpd, Kpler saysBy Seher Dareen and Isaac AnyaoguLONDON, Feb 24 - Nigeria&#...Reuters
Tue, Feb 24
PRECIOUS-Gold falls over 1% as dollar strengthens, investors book profits
Gold rose to more than 3-week high earlier in the sessionThe U.S. dollar rises over 0.1% Trump warns countries against backing away from trade dealsIran and U.S. to hold new round of talks on ThursdayBy Noel John Feb 24 (Reuters) - Gold prices fell more than 1% on Tuesday, easing from a three-wee...Reuters
Tue, Feb 24
Oil majors running Kazakh Kashagan field file arbitration over $4.6 billion fine
Latest in growing web of disputes in Kazakhstan's energy industryKazakh gov't issued fine for 2022 sulphur incidentShareholders include Shell, Total, Eni, Exxon, CNPC LONDON, Feb 24 (Reuters) - Shell SHEL.L, TotalEnergies TTEF.PA, Eni ENI.MI, Exxon XOM.N and other shareholders in Kazakhst...Reuters
Tue, Feb 24
UK's Centrica signs natural gas supply deal with Canada's Whitecap Resources
Feb 24 (Reuters) - Centrica CNA.L said on Tuesday it has signed a 10-year natural gas supply agreement with Canada's Whitecap Resources WCP.TO, as the British Gas-owner seeks to manage market-price exposure across its liquefied natural gas portfolio.Under the agreement beginning in April 2028, W...Reuters
Tue, Feb 24
German union calls nationwide local transport strike for Feb 27, 28
BERLIN, Feb 24 (Reuters) - Germany's Verdi public sector union has called on local transport workers across the country to stage a strike on February 27 and 28 to raise pressure in negotiations on wages and working conditions, it said on Tuesday.Talks on a collective wage agreement affect about ...Reuters
Tue, Feb 24
Middle East oil exports push tanker costs to 6-year-high amid threat of US-Iran war
February Mideast crude exports exceed 19 mln bpd, highest since April 2020 - Kpler dataDaily VLCC freight jumps to highest since April 2020 - LSEG dataSinokor snaps up VLCCs, becomes world's top operator - Signal GroupBy Jonathan Saul and Florence Tan LONDON/SINGAPORE, Feb 24 (Reuters) - The ...Reuters
Tue, Feb 24
Inpex to solicit bids for construction of Indonesia's Abadi LNG project in mid-2026
JAKARTA, Feb 24 (Reuters) - Japanese oil and gas explorer Inpex 1605.T said it aims to start the tender process for engineering for its Abadi gas project in Indonesia in the middle of this year, as Jakarta pledged to remove bureaucratic snags to help expedite the $21 billion development. The Abadi l...Reuters
Tue, Feb 24
EXCLUSIVE-Kuwait's KPC draws BlackRock, Brookfield, EIG to possible $7 billion pipeline deal, sources say
KPC seeks $7 billion by leasing oil pipelines, sourcesBlackRock, Brookfield, others show interest in KPC deal, sourcesKPC transaction could launch end of February, sourcesBy Hadeel Al Sayegh Feb 24 (Reuters) - National oil company Kuwait Petroleum Corporation (KPC) has held early stage talks with...Reuters
Tue, Feb 24
UBS Sees Gold Reaching $6,200/Oz In Coming Months
Feb 24 (Reuters) - UBS:SAYS IT SEES GOLD REACHING $6,200/OZ IN COMING MONTHS AS KEY DRIVERS UNDERPINNING ITS STRONG RALLY OVER THE PAST YEAR REMAIN IN PLACESAYS TRADE UNCERTAINTY RESURFACED AFTER U.S. PRESIDENT DONALD TRUMP ANNOUNCED A 15% GLOBAL LEVY, WHILE THE U.S. MILITARY HAS AMASSED FORCES IN T...Reuters
Tue, Feb 24
PRECIOUS-Gold falls over 1% as dollar strengthens, investors book profits
Gold rose to more than 3-week high earlier in the sessionThe U.S. dollar rises over 0.2% Trump warns countries against backing away from trade dealsIran and U.S. to hold new round of talks on ThursdayBy Noel John Feb 24 (Reuters) - Gold prices fell more than 1% on Tuesday, easing from a three-wee...Reuters
Tue, Feb 24
