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Smithfield Foods tops quarterly estimates, flags Middle East-related cost pressures
March 24 (Reuters) - Smithfield Foods SFD.O on Tuesday beat analysts' estimates for the fourth-quarter results, driven by strong demand, and said it expects the Middle East conflict to raise its fuel, corn and packaging costs. Shares of the U.S. pork processor jumped 5% in morning trading after ...Reuters
19 hours ago
CERAWEEK-Venezuela needs to "rewire" fiscal system to attract investment, ConocoPhillips CEO says
By Sheila Dang HOUSTON, March 24 (Reuters) - Venezuela needs to "completely rewire" its fiscal system to attract new investment, ConocoPhillips COP.N CEO Ryan Lance said on Tuesday at the CERAWeek conference in Houston, underscoring the challenges facing the country's oil industry in ...Reuters
19 hours ago
Molten Salt Solutions Signs Strategic Agreements To Supply Enriched Lithium For Fusion Energy
March 24 (Reuters) - MOLTEN SALT SOLUTIONS :MOLTEN SALT SOLUTIONS SIGNS STRATEGIC AGREEMENTS TO SUPPLY ENRICHED LITHIUM FOR FUSION ENERGYMOLTEN SALT :INITIAL QUANTITIES COULD BEGIN WITH KILOGRAM-SCALE MATERIALS FOR TESTING AS EARLY AS 2027, WITH POTENTIAL EXPANSION TO SEVERAL 100 TONMOLTEN SALT SOLU...Reuters
19 hours ago
US music publishers suing Anthropic make their case against AI 'fair use'
By Blake Brittain March 24 (Reuters) - Music publishers Universal Music Group UMG.AS, Concord and ABKCO have asked a judge in California to rule that U.S. copyright law does not insulate artificial intelligence startup Anthropic from liability for copying their song lyrics to train its AI-powered...Reuters
19 hours ago
France supports farmers as fuel and fertiliser prices surge
PARIS, March 24 (Reuters) - France announced emergency measures on Tuesday to help farmers struggling with soaring fuel and fertiliser costs resulting from the war in Iran, but farmers said these steps were insufficient, with many farms at risk. Higher prices for diesel, gas and fertilisers are thre...Reuters
19 hours ago
CERAWEEK-Energy shortages in Europe could hit by next month, warns Shell CEO
Energy shortages in Europe could hit next month, warns Shell CEOMiddle East conflict affecting global energy suppliesShell exploring gas and oil opportunities in VenezuelaBy Stephanie Kelly and Marianna Parraga HOUSTON, March 24 (Reuters) - Energy shortages could hit Europe by next month, Shell S...Reuters
19 hours ago
CERAWEEK-Kazakhstan crude output restored after CPC disruption, energy minister says
By Georgina McCartneyHOUSTON, March 24 (Reuters) - Kazakhstan's crude production has been restored following loading disruption at the CPC pipeline in December and January, Energy Minister Yerlan Akkenzhenov said on Tuesday at the CERAWeek energy conference in Houston.The country is "very de...Reuters
19 hours ago
CERAWEEK-Venezuela needs to "rewire" fiscal system to attract investment, ConocoPhillips CEO says
By Sheila DangHOUSTON, March 24 (Reuters) - Venezuela needs to "completely rewire" its fiscal system to attract new investment, ConocoPhillips CEO Ryan Lance said on Tuesday at the CERAWeek conference in Houston, underscoring the challenges facing the country's oil industry in the wake o...Reuters
20 hours ago
CERAWEEK-US will roll out pilot surveys to track energy use by data centers
By Laila Kearney NEW YORK, March 24 (Reuters) - The U.S. Department of Energy's information arm will launch a series of pilot surveys on Wednesday aimed at gauging the energy use of the country's data centers, the administrator of the agency told Reuters.Silicon Valley is pouring hundreds...Reuters
20 hours ago
Microsoft president says building data centres requires trust of US communities
By Laila KearneyHOUSTON, March 24 (Reuters) - Gaining the approval of local communities has become paramount to building data centers in the U.S., Microsoft President Brad Smith said on Tuesday, as towns across the country increasingly protest the developments.The rapid proliferation of Big Tech dat...Reuters
20 hours ago
PRECIOUS-Gold holds steady as investors focus on Middle East developments
Pakistan offers to host peace talks to end war on IranSpot gold down 21% from record peak hit in January Silver edges 1.1% higher By Ashitha Shivaprasad March 24 (Reuters) - Gold held steady on Tuesday after touching a four-month low in the previous session, as markets assessed developments i...Reuters
20 hours ago
Mike Lynch's estate refused permission to appeal in UK HP-Autonomy case
HP says ruling awards it $1.24 bln in damages, interestLynch's estate refused permission, but can still appealTycoon died in yacht sinking, shortly after 2024 acquittalBy Sam Tobin LONDON, March 24 (Reuters) - The estate of late British tech tycoon Mike Lynch was on Tuesday refused permission...Reuters
20 hours ago
SOFTS-Raw sugar hits five-month high while coffee also gains
LONDON, March 24 (Reuters) - Raw sugar futures on ICE rose to a five-month high on Tuesday, boosted by gains in energy markets, while coffee and cocoa prices also gained. SUGAR Raw sugar SBc1 was up 1.5% at 15.75 cents per lb by 1507 GMT after setting a five-month high of 15.81 cents....Reuters
20 hours ago
Microsoft president says winning trust of US communities is paramount to building data centers
NEW YORK, March 24 (Reuters) - Gaining the approval of local communities has become paramount to building data centers in the U.S., Microsoft President Brad Smith said on Tuesday, as towns across the country increasingly protest the developments."You have to win over the local community and main...Reuters
20 hours ago
Traders bet $500 million on oil price just before Trump's post on delay to Iran attack
Traders bet heavily on crude 15 minutes before Trump announced delay to attackOil prices plunged 15% after Trump's post on Iran talksTrading volumes have doubled amid Middle East conflict, reaching record highsBy Amanda Cooper LONDON, March 24 (Reuters) - Traders bet half a billion dollars on...Reuters
20 hours ago
CERAWEEK-Kazakhstan crude production restored following CPC loading disruption earlier this year, Energy Minister says
HOUSTON, March 24 (Reuters) - Kazakhstan's crude production has been restored following the loading disruption at CPC in December and January, Energy Minister Yerlan Akkenzhenov said on Tuesday at the CERAWeek energy conference in Houston.The country is "very dependent on the CPC pipeline an...Reuters
20 hours ago
KGHM Signs Memorandum With Morocco's ONHYM And Managem Group For Cooperation In Raw Materials Sector
March 24 (Reuters) - KGHM Polska Miedz SA KGH.WA:SIGNS MEMORANDUM WITH MOROCCO'S ONHYM AND MANAGEM GROUP FOR COOPERATION IN RAW MATERIALS SECTORMEMORANDUM FOCUSES ON ANALYSING POTENTIAL INVESTMENTSSource: https://tinyurl.com/48czeuesReuters
20 hours ago
CERAWEEK-Energy security key to national security, Shell CEO says
HOUSTON, March 24 (Reuters) - Energy security is key to securing national security, Shell CEO Wael Sawan said on Tuesday, warning that the supply disruptions from the U.S.-Israel war with Iran that have hit Asia could creep into Europe by next month."We are trying to work with governments to jus...Reuters
21 hours ago
Modi, Trump discuss importance of keeping Strait of Hormuz open
March 24 (Reuters) - Indian Prime Minister Narendra Modi and U.S. President Donald Trump spoke by phone on Tuesday and discussed the situation in the Middle East, including the importance of keeping the Strait of Hormuz open, U.S. envoy to India Sergio Gor and Modi said in separate posts on X.This w...Reuters
21 hours ago
CERAWEEK-Energy scarcities could occur if Iran conflict continues, Germany's economy minister says
HOUSTON, March 24 (Reuters) - Energy shortages could occur in late April or May if the U.S.-Israel war with Iran does not end, Germany's Federal Minister for Economic and Energy Affairs Katherina Reiche said on Tuesday at the CERAWeek conference in Houston. She added that phasing out nuclear ene...Reuters
21 hours ago
