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Mercer International Q4 revenue falls
OverviewGlobal forest products firm's Q4 revenue fell 8% yr/yrNet loss for Q4 was $308.7 mln, impacted by $238.7 mln non-cash impairmentsCompany's cash flow from operations increased by $76 mln from prior quarterOutlookMercer expects pulp prices to modestly increase in Q1 2026 due to stable ...Reuters
31 minutes ago
CBOT soybeans set two-month high on hopes for China export business
CHICAGO, Feb 12 (Reuters) - Chicago Board of Trade soybean futures set a two-month high on Thursday on hopes that a potential thaw in U.S. trade relations with top global soy buyer China could spur fresh purchases of the oilseed, analysts said.CBOT March soybeans SH26 settled up 13-1/4 cents, or 1.2...Reuters
44 minutes ago
Venezuela's PDVSA offers expanded oil areas to joint venture partners, sources say
By Marianna Parraga and Sheila DangHOUSTON/CARACAS, Feb 12 (Reuters) - Venezuela's state-run oil company PDVSA is in talks with many of its joint-venture partners to offer them expansions to the oilfields their projects have assigned, three sources with knowledge of the matter said, a move that ...Reuters
2 hours ago
Mexican ships carrying humanitarian aid enter Havana Harbor
Mexico sends aid amid US pressure on Cuba oil supplyCuba faces strict rationing due to US fuel supply threatsMexican President Sheinbaum pledges more aid shipments to CubaBy Dave Sherwood HAVANA, Feb 12 (Reuters) - Two Mexican-flagged ships loaded with humanitarian aid entered Havana Harbor early...Reuters
2 hours ago
Oil prices fall on supply forecast, easing risk
Trump says talks with Tehran will continueLarge build in US crude stocks caps price gains IEA lowers global oil demand forecast for 2026Market anticipating Venezuelan crude to add to supplyBy Erwin Seba HOUSTON, Feb 12 (Reuters) - Oil prices dropped on Thursday due to falling demand, retreating f...Reuters
2 hours ago
Trump revokes basis of US climate regulation, ends vehicle emission standards
Trump repeals finding that greenhouse gas emissions endanger human healthEnds federal greenhouse gas emission standards for vehiclesIt is most weeping climate change policy rollback by the administration to dateBy Valerie Volcovici and David Shepardson WASHINGTON, Feb 12 (Reuters) - The administr...Reuters
2 hours ago
US natgas futures rise 2% on near-record LNG export flows, big storage withdrawal
EIA reports larger-than-usual gas storage withdrawalWaha Hub prices remain negative due to pipeline constraintsLSEG forecasts lower gas demand amid milder weatherBy Scott DiSavinoNEW YORK, Feb 12 (Reuters) - U.S. natural gas futures climbed 2% on Thursday on near-record flows to liquefied natural ga...Reuters
2 hours ago
Governor Hochul Announces PSC Proceeding On Her Plan To Ensure Data Centers Pay Their Fair Share For Energy Grid Upgrades
Feb 12 (Reuters) - NEW YORK GOVERNOR KATHY HOCHUL:ANNOUNCES THAT THE NEW YORK STATE PUBLIC SERVICE COMMISSION (PSC) INSTITUTED A PROCEEDING TO ADVANCE THE ENERGIZE NY DEVELOPMENT INITIATIVE SHE UNVEILED LAST MONTHSAYS THE PROCEEDING WILL REVIEW INTERCONNECTION PROCESSES, COST-ALLOCATION MECHANISMS A...Reuters
3 hours ago
Gold plunges despite falling US yields and solid US jobs data
Gold price declines close to 2.7% on Thursday amid the lack of a clear catalyst, as US jobs data during the last couple of days was solid, despite of the number of Americans filing for unemployment benefits rose more than expected.
Fxstreet
3 hours ago
Governor Hochul Announces PSC Proceeding On Her Plan To Ensure Data Centers Pay Their Fair Share For Energy Grid Upgrades
Feb 12 (Reuters) - NEW YORK GOVERNOR KATHY HOCHUL:ANNOUNCES THAT THE NEW YORK STATE PUBLIC SERVICE COMMISSION (PSC) INSTITUTED A PROCEEDING TO ADVANCE THE ENERGIZE NY DEVELOPMENT INITIATIVE SHE UNVEILED LAST SAYS THE PROCEEDING WILL REVIEW INTERCONNECTION PROCESSES, COST-ALLOCATION MECHANISMS AND TA...Reuters
3 hours ago
EU leaders vow to accelerate single market, in struggle to compete with US and China
EU growth has lagged major economic rivalsSlow decisions frustrating EU leaders tooLeaders to agree timetable in March, commit to taking decisions fastJune deadline for savings union, or go forward in smaller groupsBy Julia Payne, Philip Blenkinsop and Ingrid Melander ALDEN BIESEN, Belgium, Feb 1...Reuters
3 hours ago
US Plains HRW Wheat-Basis bids flat to lower as futures jump nearly 3%
CHICAGO, Feb 12 (Reuters) - Basis bids for hard red winter wheat were flat to lower in the U.S. Plains on Thursday as a futures price rally sparked some light farmer sales.Growers have sold most of their old-crop wheat already so sales were minimal. A nearly 3% jump in futures prices on the Chicago ...Reuters
3 hours ago
NY State Public Service Commission Approves NYSERDA Offshore Wind Implementation Plan
Feb 12 (Reuters) - NEW YORK STATE PUBLIC SERVICE COMMISSION:SAYS THE NEW YORK STATE PUBLIC SERVICE COMMISSION (COMMISSION) TODAY APPROVED THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY'S (NYSERDA) OFFSHORE WIND (OSW) IMPLEMENTATION PLAN PROPOSALTHE COMMISSION ACTED TO ENSURE THE OR...Reuters
3 hours ago
PRECIOUS-Gold cascades down as strong US jobs data and stop-selling weigh
US job growth increases in JanuaryTrump, Netanyahu not yet at "definitive" Iran agreementInflation data due on FridayBy Anjana Anil and Anushree Mukherjee Feb 12 (Reuters) - Gold prices fell to a near one-week low on Thursday as strong U.S. labour data dampened hopes of near-term Federal ...Reuters
3 hours ago
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
4 hours 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
4 hours 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
4 hours 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
4 hours 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
4 hours 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
4 hours ago
