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NVR's Q4 revenue, profit fall on higher lot costs and pricing pressure
OverviewHomebuilder's Q4 revenue decreased 5% yr/yr, with net income down 20%Average sales price of new orders in Q4 2025 decreased by 3%Mortgage banking income for Q4 rose 24% due to increased secondary marketing gainsResult DriversHIGHER LOT COSTS - Gross profit margin decreased due to higher ...Reuters
Wed, Jan 28
GE Vernova Sees 2026 Wind Revenue Improving In Second Half Of The Year - Conf Call
Jan 28 (Reuters) - GE Vernova Inc GEV.N:GE VERNOVA SAYS IT BOOKED AN INCREMENTAL ACCRUAL IN Q4 FOR COSTS ASSOCIATED WITH THE DELAY ON THE VINEYARD WIND PROJECT: CONF CALLGE VERNOVA SAYS OVER $2 BILLION OF ELECTRIFICATION ORDERS WERE SIGNED DIRECTLY FOR DATA CENTERS IN 2025: CONF CALLGE VERNOVA EXPEC...Reuters
Wed, Jan 28
KGHM Identifies Indicators For Asset Impairment, To Conduct Tests
Jan 28 (Reuters) - KGHM Polska Miedz SA KGH.WA:IDENTIFIES INDICATORS FOR IMPAIRMENT OF FIXED ASSETS OF CENTROZŁOM WROCŁAW AND UZDROWISKA KŁODZKIE AS OF DEC 31, 2025POTENTIAL IMPAIRMENT FOR PMT LINIE KOLEJOWEPREVIOUSLY RECOGNIZED IMPAIRMENT LOSS FOR SHARES IN FUTURE 1 AND SIERRA GORDA JOINT VENTURE M...Reuters
Wed, Jan 28
Kazakhstan says Tengiz could reach full oil production within a week
Kazakhstan lost 900,000 tonnes of output due to Tengiz outageSources sceptical about the expected pace of Tengiz recoveryThree transformers burned down out of 30, minister says CPC damage lost Kazakhstan 3.8 million tonnes of export CPC and Tengiz problems mean country to be within OPEC+ targetsBy T...Reuters
Wed, Jan 28
EU's Ribera warns of increasing dependence on US LNG
MADRID, Jan 28 (Reuters) - The European Union's competition chief warned on Wednesday that the region was becoming increasingly dependent on liquefied natural gas (LNG) imports from the United States and should look at how it can best harness local resources."We are significantly increasing ...Reuters
Wed, Jan 28
Nigeria lowers entry barriers to attract investors for latest oil round
Sign-on fee slashed to $3-$7 million, officials sayWas $10 million in 2024Nigeria offering 50 oil and gas blocks at 2025 auction Oversight by NEITI watchdog ensures transparency in bid rounds, NUPRC saysBy Isaac Anyaogu LAGOS, Jan 28 (Reuters) - Nigeria is lowering entry costs to its latest oil l...Reuters
Wed, Jan 28
Starbucks beats first-quarter global comparable sales estimate
Jan 28 (Reuters) - Starbucks SBUX.O reported a bigger-than-expected rise in first-quarter comparable sales on Wednesday, as demand rebounded in the U.S. after nearly two years in early signs of success of CEO Brian Niccol's turnaround efforts.The company reported a 4% rise in quarterly global co...Reuters
Wed, Jan 28
Gold Price Forecast: XAU/USD eases below $5,300 with the bullish trend intact
Gold (XAU/USD) is trading higher for the eighth consecutive day on Wednesday. The precious metal, however, has pulled back from all-time highs at $5,311 in the European session, returning to the mid-$5,200s as investors take positions ahead of the US Federal Reserve’s monetary policy decision.Fxstreet
Wed, Jan 28
PRECIOUS-Gold climbs to record high above $5,300 as dollar slips
Gold sets record high at $5,311.31 an ounceDollar at four-year lows Federal Reserve policy meeting concludes later in the dayBy Pablo Sinha Jan 28 (Reuters) - Gold prices rose above $5,300 per ounce for the first time on Wednesday as weakening confidence in the U.S. dollar and concerns around th...Reuters
Wed, Jan 28
Winter storm to cause billions of dollars in insured losses, UBS estimates
Jan 28 (Reuters) - A major winter storm that hit the United States in recent days is expected to cause billions of dollars in insured losses, analysts at brokerage UBS said in a note.The heavy storm has left much of the central and eastern U.S. gripped by snow, ice, and below-freezing temperatures. ...Reuters
Wed, Jan 28
RWE CEO sees energy sector entering new era as geopolitics shift
BERLIN, Jan 28 (Reuters) - RWE RWEG.DE, Germany's biggest power producer, expects governments to prioritise long-term resilience and security in energy supply, its CEO said on Wednesday, as a direct consequence of geopolitical tensions."We are certainly entering a new era in energy supply,&#...Reuters
Wed, Jan 28
Tengizchevroil says Tengiz output restart still in early stages, Ifax reports
ALMATY, Jan 28 (Reuters) - Kazakhstan's Tengizchevroil consortium said on Wednesday that oil production resumption at the Tengiz oilfield is at an early stage, and that further production growth depends on a number of conditions, Russia's Interfax news agency reported.Reuters
Wed, Jan 28
PRECIOUS-Gold climbs to record high above $5,300 as dollar slips
Gold sets record high at $5,311.31 an ounceDollar at four-year lows Federal Reserve policy meeting concludes later in the dayBy Pablo Sinha Jan 28 (Reuters) - Gold prices rose above $5,300 per ounce for the first time on Wednesday as weakening confidence in the U.S. dollar and concerns around th...Reuters
Wed, Jan 28
Russia hunts for new naphtha markets as key buyers pull back
Sanction risk leaves cargoes stranded or re-exportedWeak demand seen widening discounts on Russian barrels Premiums on non-sanctioned barrels seen rising By Mohi Narayan and Natalia Chumakova NEW DELHI/MOSCOW, Jan 28 (Reuters) - Russia's naphtha exports to Asia are set to fall in January, wit...Reuters
Wed, Jan 28
GE Vernova raises annual revenue forecast
Jan 28 (Reuters) - Power equipment maker GE Vernova GEV.N raised its annual revenue forecast on Wednesday, as booming electricity demand from data centers drove strong order growth across its power and electrification units.GE Vernova expects revenue of $44 billion to $45 billion in 2026, compared w...Reuters
Wed, Jan 28
Spanish renewables company Ignis eyes IPO, Expansion reports
MADRID, Jan 28 (Reuters) - Spanish renewable energy company Ignis has hired Citigroup C.N to prepare a potential initial public offering, newspaper Expansion reported on Wednesday, citing unidentified market sources. The process remains at an early stage, and several options are under review, includ...Reuters
Wed, Jan 28
