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Entergy hikes spending plan as data center demand grows
By Pranav MathurFeb 12 (Reuters) - U.S. electric utility Entergy ETR.N on Thursday raised its long-term capital expenditure plan by $2 billion, as power producers rush to meet growing demand from AI-driven data centers. Shares of the company were up 1.7% in afternoon trading.U.S. utilities have bee...Reuters
15 minutes ago
Cargill to close Wisconsin beef plant, cut 221 jobs
By Karl Plume CHICAGO, Feb 12 (Reuters) - U.S. agribusiness Cargill will permanently close its beef processing facility in Milwaukee, Wisconsin, and eliminate 221 jobs, according to a filing with the state, the latest U.S. beef plant to be shuttered amid rising costs for meatpackers.The Cargill M...Reuters
15 minutes ago
ARKO Petroleum valued at $808 million after shares fall in Nasdaq debut
By Pragyan Kalita and Pritam BiswasFeb 12 (Reuters) - ARKO Petroleum APC.O shares fell 1.4% in their New York debut on Thursday, giving the fuel distributor a valuation of $807.63 million, as investors remain wary of volatility in the market affecting fresh stocks. Shares of the company opened at $...Reuters
18 minutes ago
GRAINS-Soybeans extend gains on China demand optimism; wheat climbs 2%
Soybeans climb on signs of thawing U.S. relations with ChinaSoy export hopes offset rising estimates of South American cropsWheat climbs 2% on bargain-buying, short coveringBy Julie Ingwersen CHICAGO, Feb 12 (Reuters) - Chicago soybean futures climbed to a two-month high on Thursday on hopes that...Reuters
26 minutes ago
Burger King-parent beats sales estimates on international demand, value push
By Sanskriti Shekhar Feb 12 (Reuters) - Restaurant Brands QSR.TO, QSR.N reported fourth-quarter sales above estimates on the back of strong performance at Burger King International, but high costs and muted spending in the U.S. took shares down nearly 6% on Thursday. Fast-food chains are offerin...Reuters
33 minutes ago
Crude Oil sheds further weight, WTI sinks below $63 on US-Iran headlines
West Texas Intermediate (WTI) US Crude Oil took a fresh leg down on Thursday, bullied into the low end by a combination of the potential for a sharp pullback from US-Iran tensions, and growing scepticism about the potential for a sweeping 'demand wave' from China that energy conglomerates have been
Fxstreet
36 minutes ago
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, Feb 12 (Reuters) - Northwest European gasoline refinery profit margins fell by 62 cents on Thursday to about $8.63 a barrel despite a drop in regional inventories.About 6,000 metric tons of E5 gasoline barges traded in the Argus window on Thursday as Exxon Mobil and BP sold to TotalEnergies....Reuters
50 minutes ago
Romania's Nuclearelectrica greenlights SMR nuclear power plant
BUCHAREST, Feb 12 (Reuters) - Romanian state-owned nuclear power producer Nuclearelectrica ROSNN.BX said on Thursday it has made a final decision to invest in a small modular reactor plant, which could become Europe's first project using the technology.The project, in the central Romanian town o...Reuters
55 minutes ago
Trump touts good relations with Venezuela, says oil magnate Sargeant does not represent US
WASHINGTON, Feb 12 (Reuters) - U.S. President Donald Trump said on Thursday that billionaire energy entrepreneur and Republican donor Harry Sargeant III has no authority to act on behalf of the U.S., adding that relations between the U.S. and Venezuela had been "extraordinary.""He has no...Reuters
57 minutes ago
Lundin Gold to invest $100 million in 2026 Ecuador exploration
By Alexandra ValenciaLOS ENCUENTROS, ECUADOR, Feb 12 (Reuters) - Canadian miner Lundin Gold LUG.TO is investing $100 million this year in an exploration campaign to extend the life of its Fruta del Norte mine in Ecuador as the price of gold remains high.The investment aims to bolster exploration eff...Reuters
an hour ago
Saudi Arabia's Aramco Signs MoU With Microsoft To Help Advance Industrial AI
Feb 12 (Reuters) - Saudi Arabian Oil Co 2222.SE:SAUDI ARABIA'S ARAMCO SIGNS MOU WITH MICROSOFT TO HELP ADVANCE INDUSTRIAL AI AND DIGITAL TALENT TRANSFORMATION -STATEMENTSource text: [ID:]Saudi Aramco statementReuters
an hour ago
Ghana's gold output hits record 6 million ounces in 2025, industry group says
Ghana's gold output driven by artisanal mining and reformsProposed royalty changes could impact 2026 gold productionHigher royalties may threaten mining jobs and project viabilityBy Maxwell Akalaare Adombila CAPE TOWN, Feb 12 (Reuters) - Ghana produced a record 6 million ounces of gold in 202...Reuters
an hour ago
Brazil to decide by mid-year whether to complete Angra 3 nuclear project
By Marcela Ayres and Bernardo Caram BRASILIA, Feb 12 (Reuters) - Brazil's government expects to decide by mid-year whether to resume construction of the long-delayed Angra 3 nuclear power plant or abandon it more than 40 years after work began, the country's Management Minister Esther Dwe...Reuters
an hour ago
Argentina Senate passes Milei labor reform, advancing pro‑market overhaul
Milei claims reform will boost investment and job creationPeronist senators argue reform threatens worker protectionsProtests erupt outside Congress during Senate debate BUENOS AIRES, Feb 12 (Reuters) - Argentina's Senate approved President Javier Milei's flagship labor reform bill early ...Reuters
an hour ago
US refiner PBF Energy posts unexpected profit as margins improve
By Katha Kalia and Nicole Jao NEW YORK, Feb 12 (Reuters) - Refiner PBF Energy PBF.N reported a surprise profit on Thursday as lower crude oil prices lifted refining margins.PBF earned 49 cents per share on an adjusted basis in the fourth quarter, compared with analysts' estimates of a loss o...Reuters
2 hours ago
US Cash Grains-Corn, soy bids mixed in quiet trade
CHICAGO, Feb 12 (Reuters) - Basis bids for corn and soybeans were mixed in the U.S. Midwest on Thursday in quiet trade. The soybean basis ticked lower at an Ohio elevator and higher at an Illinois river terminal.The corn basis was lower at a river terminal and higher at two ethanol plants.Chicago so...Reuters
2 hours ago
Oil prices tumble more than $1 as IEA cuts demand forecast
Trump says talks with Tehran will continueLarge build in US crude stocks caps price gains IEA lowers global oil demand forecast for 2026By Erwin Seba HOUSTON, Feb 12 (Reuters) - Oil prices tumbled by more than $1 a barrel on Thursday as investors gave more weight to the International Energy Agenc...Reuters
2 hours ago
EXCLUSIVE-CME to list Taiwan, Hong Kong warehouses in Asia aluminium push, sources say
Warehousing firms Steinweg, Pacorini apply to list in TaiwanHenry Bath, GKE seek approval for aluminium sheds in Hong KongCME aluminium trade volumes, inventories dwarfed by LME'sBy Tom Daly and Pratima Desai LONDON, Feb 12 (Reuters) - CME Group is set to approve Taiwan and Hong Kong as wareh...Reuters
2 hours ago
Chevron's El Segundo refinery to restart fire-damaged unit in early March, IIR Energy says
NEW YORK, Feb 12 (Reuters) - Chevron's CVX.N 285,000-barrel-per-day El Segundo refinery aims to restart its fire-damaged unit by early March, sooner than previously expected, IIR Energy said on Thursday.A large fire erupted in a Isomax unit, which converts mid-distillate fuel oil into jet fuel, ...Reuters
2 hours ago
