News
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Gencor Q4 revenue falls 10% yr/yr, net income rises helped by income tax benefit
OverviewGencor Q4 revenue falls 10% yr/yr to $18.8 mlnCompany reports operating due to lower margins and higher SG&A expensesNet income rises to $1.9 mln in Q4, aided by income tax benefitOutlookCompany did not provide specific future guidanceResult DriversLOWER MARGINS - Reduced manufacturing o...Reuters
Tue, Dec 9
Gold steady above $4,200 amid Fed rate cut anticipation
Gold (XAU/USD) holds its footing on Tuesday, extending the sideways pattern that has dominated trade for a little over a week as investors stay on the sidelines ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday.
Fxstreet
Tue, Dec 9
Auto parts retailer AutoZone slightly misses Q1 sales estimates
OverviewAutoZone Q1 net sales up 8.2% yr/yr but slightly missed analyst expectationsAdjusted EPS for Q1 missed consensus, reflecting increased operating expensesCompany repurchased 108,000 shares for $431.1 mln under share buyback programOutlookCompany plans to open more stores throughout the fiscal...Reuters
Tue, Dec 9
PRECIOUS-Gold rises as markets brace for Fed guidance on easing path
Markets price in 89.4% chance of Dec rate cutFOMC policy meeting on December 9-10By Arunima Kumar and Pablo Sinha Dec 9 (Reuters) - Gold rose on Tuesday as investors positioned for an expected December Federal Reserve rate cut and looked for signs of whether policymakers will outline a slowe...Reuters
Tue, Dec 9
Exxon forecasts higher earnings growth through 2030
Dec 9 (Reuters) - Top U.S. oil producer Exxon Mobil XOM.N on Tuesday raised its earnings growth outlook to $25 billion and cash flow growth to $35 billion from 2024 to 2030.The company said it expects upstream production to reach 5.5 million barrels of oil equivalent per day (MMboepd) by 2030, compa...Reuters
Tue, Dec 9
EXCLUSIVE-Chilean regulator, workers flagged risk at Teck's Quebrada Blanca dam
Copper mine is key to Teck merger with Anglo AmericanChilean regulator raised concern over structural issuesTeck says there was never any risk to safetyBy Daina Beth Solomon SANTIAGO, Dec 9 (Reuters) - Chilean authorities in August raised concerns over a large crack and leaks at Teck's flagsh...Reuters
Tue, Dec 9
RPT-ROI-Texas makes clean power breakthrough as solar output overtakes coal: Maguire
By Gavin MaguireLITTLETON, Colorado, Dec 9 (Reuters) - For the first time, Texas' main power system looks set to generate more power from solar farms than coal plants during a calendar year in 2025, marking a key new energy transition milestone for the largest power network in the U.S. The Elect...Reuters
Tue, Dec 9
NEWSMAKER-Canada's newest oil tycoon shakes up sector with bold expansion plan
Strathcona plans to increase production to 300,000 bpd by 2035Company is one of North America's fastest-growing oil producersWaterous known for outspoken styleBy Amanda Stephenson CALGARY, Dec 9 (Reuters) - Canadian banker-turned-oil-tycoon Adam Waterous, an industry outsider who lives in a R...Reuters
Tue, Dec 9
Airlines warn green fuel goals at risk as supply falls short
SAF production not meeting expected volumes, says IATA's Willie WalshSAF currently 0.3% of global jet fuel usage, projected 0.7% by 2025Airlines blame producers for high SAF prices, insufficient productionBy Joanna Plucinska and Olivia Le Poidevin GENEVA, Dec 9 (Reuters) - The global airline ...Reuters
Tue, Dec 9
Thyssenkrupp CEO: we always have plan B for steel should talks with Jindal falter
ESSEN, Germany, Dec 9 (Reuters) - Thyssenkrupp TKAG.DE has a backup plan for its steel division if talks to sell it to India's Jindal Steel International should collapse, CEO Miguel Lopez told journalists on Tuesday at the group's annual press conference."We always have a plan B up our s...Reuters
Tue, Dec 9
Iraq discusses oil investment with Chevron, Lukoil assets in West Qurna-2 field
Dec 9 (Reuters) - Iraqi Prime Minister Mohammed Shia al-Sudani discussed potential investments in the Nasiriyah oilfield with U.S. major Chevron CVX.N on Tuesday, as well as possible cooperation at Russia's Lukoil-operated West Qurna-2 field, the company's largest foreign asset.Chevron and E...Reuters
Tue, Dec 9
Greek farmers continue nationwide blockades to protest delayed funding
Farmers face $698.6 million shortfall due to corruption scandalGovernment open to discussions, promises more aid this monthProtests disrupt transport, airports and border crossingsBy Angeliki Koutantou and Renee Maltezou ATHENS, Dec 9 (Reuters) - Greek farmers continued their nationwide blockades...Reuters
Tue, Dec 9
US container imports drop 7.8% in November amid China demand slump, Descartes Systems says
By Lisa BaertleinLOS ANGELES, Dec 9 (Reuters) - U.S. container imports fell 7.8% in November from the year earlier, due to soft demand for goods from China and one less day in the Thanksgiving holiday month, supply chain technology provider Descartes Systems Group DSG.TO said on Tuesday.Seaports han...Reuters
Tue, Dec 9
PRECIOUS-Gold rises as markets brace for Fed guidance on easing path
Analysts expect 'hawkish' US interest rate cutFOMC policy meeting on December 9-10By Arunima Kumar and Pablo Sinha Dec 9 (Reuters) - Gold rose on Tuesday as investors positioned for the widely expected December Federal Reserve rate cut, even as attention shifted to whether policymake...Reuters
Tue, Dec 9
Airlines warn green fuel goals at risk as supply falls short
SAF production not meeting expected volumes, says IATA's Willie WalshSAF currently 0.3% of global jet fuel usage, projected 0.7% by 2025Airlines blame producers for high SAF prices, insufficient productionBy Joanna Plucinska and Olivia Le Poidevin GENEVA, Dec 9 (Reuters) - The global airline ...Reuters
Tue, Dec 9
TABLE-North Sea gas maintenance schedule: Adds Taqa outage
Dec 9 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Tue, Dec 9
