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Rosatom says it has released Siemens from obligation to build Paks II nuclear plant
MOSCOW, Feb 17 (Reuters) - Russian state nuclear corporation Rosatom said on Tuesday that it had released Siemens Energy ENR1n.DE from its obligations under a contract to help build the Paks II nuclear power plant in Hungary.Rosatom said it is already considering options to replace Siemens equipment...Reuters
28 minutes ago
PRECIOUS-Gold slips to one-week low as safe-haven demand cools, dollar strengthens
U.S.-Iran hold nuclear talks on TuesdayU.S. dollar rises ahead of FOMC minutes due on WednesdayDecember PCE data due on FridayBy Pablo Sinha Feb 17 (Reuters) - Gold fell to a more than one-week low on Tuesday as a stronger dollar pressured prices, while investors awaited clarity on U.S.-Iran tal...Reuters
32 minutes ago
EU says no short-term oil supply risk in Hungary, Slovakia
BRUSSELS, Feb 17 (Reuters) - The European Commission sees no short-term risk to security of oil supplies in Hungary or Slovakia following the disruption of Russian oil flows via Ukraine, because the two EU countries have ample emergency stocks, a Commission spokesperson said on Tuesday. "There a...Reuters
56 minutes ago
Brent crude steadies as investors await outcome of diplomatic talks
Brent crude futures up 11 cents at $68.76 a barrel Investors gauge risk of supply disruption following Iranian drills near Strait of HormuzMany markets closed due to Lunar New Year holiday By Robert Harvey LONDON, Feb 17 (Reuters) - Brent oil prices were largely stable on Tuesday, as investors br...Reuters
56 minutes ago
CNH Industrial flags weak 2026 profit on sluggish farm machinery demand
Feb 17 (Reuters) - Global manufacturer of farm and construction equipment CNH Industrial CNH.N on Tuesday forecast full-year profit below Wall Street estimates, as low crop prices, high input costs and shifting trade policies weigh on demand for agricultural machinery. Shares of the company wer...Reuters
59 minutes ago
Gold slips as holiday-thinned trade weighs; Fed outlook and geopolitics limit downside
Gold (XAU/USD) trades on the back foot on Tuesday as holiday-thinned volumes weigh on sentiment. At the time of writing, XAU/USD is trading at $4,935 after briefly dipping to a nearly two-week low at $4,859, down 1.10% on the day.Fxstreet
an hour ago
Silver Price Forecast: XAG/USD tumbles to near $74 as dovish Fed bets remain confined
Silver price (XAG/USD) is down almost 3% near $74.00 during the European trading session on Tuesday. The white metal is under pressure ahead of the opening of the United States (US) markets after an extended weekend.
Fxstreet
2 hours ago
Canada's Trilogy Metals posts bigger 2025 loss on US govt investment accounting
OverviewCanadian miner's fiscal 2025 net loss widens, mostly due to accounting for the U.S. government's investmentCompany received $17.8 mln strategic investment from U.S. government for critical mineralsTrilogy accounted for the U.S. government's support as a derivative financial instr...Reuters
2 hours ago
Oil production at giant Tengiz field in Kazakhstan is gradually rising after outage, Interfax reports
MOSCOW, Feb 17 (Reuters) - Oil production at the giant Chevron-led CVX.N Tengiz field in Kazakhstan is gradually increasing after a suspension in January, Russian news agency Interfax reported on Tuesday, citing the Tengizchevroil consortium that operates it.Tengiz, which accounts for around 40% of ...Reuters
2 hours ago
Canada pitches CANDU nuclear technology for Poland's second plant
WARSAW, Feb 17 (Reuters) - Canada believes its CANDU reactor technology is the best option for Poland's second nuclear plant, Energy Minister Tim Hodgson said Tuesday during a visit to Warsaw, as the country works to reduce its reliance on coal.Poland has chosen U.S.-based Westinghouse Electric ...Reuters
2 hours ago
Iran to close parts of Hormuz Strait for few hours during military drill, Fars news agency says
DUBAI, Feb 17 (Reuters) - Parts of the Strait of Hormuz will close for a few hours on Tuesday due to 'security precautions' for shipping safety, semi-official Fars news agency reported, as the Revolutionary Guards conduct military drills in the waterway.The strait is the world's most vit...Reuters
2 hours ago
Oil production at giant Tengiz field in Kazakhstan is gradually rising after suspension, Ifax reports
MOSCOW, Feb 17 (Reuters) - Oil production at the giant Chevron-led CVX.N Tengiz field in Kazakhstan is gradually increasing after a suspension in January, Russian news agency Interfax reported on Tuesday, citing Tengizchevroil (TCO).Reuters
2 hours ago
Builders FirstSource Q4 sales miss due to commodity deflation
OverviewBuilding materials supplier's Q4 net sales fell 12.1%, missing analyst expectationsAdjusted EPS for Q4 missed analyst expectationsCompany attributes sales decline to below-normal starts environment and commodity deflationOutlookCompany projects 2026 net sales between $14.8 bln and $15.8 ...Reuters
2 hours ago
RPT-ROI-'Global euro' may have to come with some FX lift: Mike Dolan
By Mike Dolan LONDON, Feb 17 (Reuters) - As American and European policymakers know well, global currency dominance and exchange rate movement are different things. But there's a decent argument that Europe's push to widen euro usage necessarily involves some revaluation of the single cur...Reuters
2 hours ago
Slovakia's Slovnaft has asked for release of state reserves amid Druzhba halt
Feb 17 (Reuters) - Slovakia's Slovnaft refinery, owned by Hungary's MOL MOLB.BU, has asked for the release of part of state oil reserves to secure supplies to the Slovak market amid a halt in supplies through the Druzhba pipeline, the state reserves administration (SHRSR) said in a statement...Reuters
3 hours ago
UPDATE-Portland General expands into Washington in $1.9 bln deal backed by Manulife
Feb 17 (Reuters) - Portland General Electric POR.N said on Tuesday it has partnered with Manulife Investment Management to acquire select Washington state generation and electric utility operations from PacifiCorp for $1.9 billion, expanding beyond its Oregon home market.With electricity demand surg...Reuters
3 hours ago
