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Hungary, Slovakia ask EU to enforce rule letting them buy Russian oil by sea
BUDAPEST, Feb 18 (Reuters) - Hungary and Slovakia turned to the European Commission to ask to enforce a rule that allows them to buy Russian oil via maritime route if pipeline deliveries are not possible, Hungarian Foreign Minister Peter Szijjarto said in a statement on Wednesday.The Druzhba oil pip...Reuters
12 minutes ago
WTI Oil ticks up to the $62.50 as doubts about a US-Iran deal arise
Crude Oil prices are trimming some of Tuesday’s losses on Wednesday, reaching session highs near $62.50 per barrel, after bouncing from two-week lows at $61,76. Investors are starting to reassess the chances of a US-Iran deal after the second round of conversations ended without any tangible advance
Fxstreet
15 minutes ago
Slovak government will release 250,000 tonnes of oil from reserves, media report
Feb 18 (Reuters) - The Slovak government has declared an oil emergency situation after an interruption of supplies through the Druzhba pipeline and will release 250,000 tonnes of oil from reserves for the Slovnaft refinery, Slovak media reported on Wednesday.Reuters
18 minutes ago
Climate challenge: a decade after the Paris Agreement
By Canan Sevgili Feb 16 (Reuters) - Ten years after the Paris Agreement took effect, newly released climate datasets show the world warming at an accelerating pace, with 2025 ranking among the three hottest years ever recorded, and ocean heat and sea levels crossing new thresholds.U.S. President ...Reuters
21 minutes ago
Oil edges higher as traders weigh progress in US-Iran talks
Iran and US reach understanding on main 'guiding principles' in nuclear talksEurasia Group sees 65% chance of US strikes on Iran by AprilIran and Russia to conduct navy drill on Thursday, Fars news reportsBy Stephanie Kelly LONDON, Feb 18 (Reuters) - Oil prices edged higher on Wednesday a...Reuters
34 minutes ago
Glencore reports earnings dip, returns $2 billion to shareholders
Reports 6% drop in adjusted EBITDA to $13.51 billionFinalises land access deal in DRC to extend mine lifeSays will be involved in US stockpiling programmeBy Clara Denina and Pratima Desai LONDON, Feb 18 (Reuters) - Glencore GLEN.L, fresh from a failed takeover approach from bigger rival Rio Tinto...Reuters
38 minutes ago
India eases curbs on Chinese equipment imports for power, coal as projects delayed, sources say
India grants some exemptions for Chinese power, coal equipment Restrictions since 2020 caused shortages, slowing key projectsFormal order expected soon, sources sayBy Nikunj Ohri and Sarita Chaganti Singh NEW DELHI, Feb 18 (Reuters) - India has begun easing its restrictions on buying Chinese equi...Reuters
40 minutes ago
PRECIOUS-Gold rises as investors await US Fed minutes
Gold rebounds from one-week lowJanuary FOMC minutes due at 1900 GMTDecember PCE data due on Friday By Pablo Sinha Feb 18 (Reuters) - Gold prices rose more than 1% from a one-week low the previous session as investors awaited the minutes of January's U.S. Federal Reserve meeting due later on ...Reuters
53 minutes ago
Panasonic, Murata, Mizuho, Goldman Sachs To Join SoftBank-Led Consortium For U.S. Gas Power Project, Nikkei Says
Feb 18 (Reuters) - Sumitomo Electric Industries Ltd 5802.T:PANASONIC, MURATA, MIZUHO, GOLDMAN SACHS TO JOIN SOFTBANK-LED CONSORTIUM FOR U.S. GAS POWER PROJECT, NIKKEI SAYSSource text: https://www.nikkei.com/article/DGXZQOUC183G50Y6A210C2000000/Reuters
an hour ago
ROI-Bonds swept up in leap of faith on AI productivity: Mike Dolan
By Mike Dolan LONDON, Feb 18 (Reuters) - Treasuries now appear to be riding the artificial intelligence frenzy, as speculation about the speed and scale of AI development spreads across companies and sectors — beating a drum for interest rate cuts if an outsize labor‑productivity boom follows.Tha...Reuters
an hour ago
Epstein tried to build web of powerful ties across Middle East, documents show
Files show Epstein sought powerful network of ties across Middle East Saudi Aramco’s potential IPO among issues touched on in filesDP World CEO resigns after being named in Epstein filesBy Jana Choukeir, Andrew Mills and Maha El Dahan DUBAI, Feb 18 (Reuters) - The departure of the chief executive...Reuters
2 hours ago
Nine skiers missing, six rescued after California avalanche
Six skiers rescued, two hospitalized after avalanche in Sierra NevadaThere had been a high avalanche warning earlier Incident could rank as one of deadliest US avalanches on recordBy Steve GormanLOS ANGELES, Feb 17 (Reuters) - Nine skiers were missing after an avalanche in California's Sierra Ne...Reuters
2 hours ago
Edison targets core earnings of up to 1.9 billion euros in 2030
By Francesca LandiniMILAN, Feb 18 (Reuters) - Edison EDNn.MI aims to lift its core earnings to 1.7 billion to 1.9 billion euros by 2030 as it rolls out renewables and develops green gases, the utility said on Wednesday.In 2025 the Italian unit of French nuclear operator EDF reported earnings before ...Reuters
2 hours ago
Alcoa to pay $39 million after illegally clearing Australian native forest
By Christine ChenSYDNEY, Feb 18 (Reuters) - U.S. aluminium company Alcoa AA.N will pay A$55 million ($38.9 million) to remediate native forest it illegally cleared in Western Australia in order to mine bauxite, Australia's environment ministry said on Wednesday.The payment relates to nearly 2,10...Reuters
3 hours ago
PRECIOUS-Gold rises from one-week low ahead of Fed minutes release
Gold fell 2.3% on Tuesday; silver declined more than 5%US-Iran reach understanding on "guiding principles"January FOMC minutes due at 1900 GMTBy Pablo Sinha Feb 18 (Reuters) - Gold prices rose in low market liquidity on Wednesday, rebounding from a one-week low hit in the previous sessio...Reuters
3 hours ago
Japan's JERA President: We Have Multiple Capital Boost Scenarios Including IPO And Capital Increases By Existing Shareholders
Feb 18 (Reuters) - Tokyo Electric Power Company Holdings Inc 9501.T:JAPAN'S JERA PRESIDENT: AMID HEIGHTENED ECONOMIC SECURITY RISKS, SECURING LNG FROM QATAR IS OF IMMENSE IMPORTANCEJERA PRESIDENT: QATAR'S LNG OFFERS LESS FLEXIBILITY THAN OTHER PROJECTS, BUT EXCELS IN EMERGENCY FLEXIBILITY AN...Reuters
3 hours ago
RPT-Glencore posts lower earnings and returns $2 billion to shareholders
LONDON, Feb 18 (Reuters) - Glencore GLEN.L, fresh from a failed takeover approach from bigger rival Rio Tinto RIO.L, reported slightly lower earnings on Wednesday, and said it would return $2 billion to shareholders.Talks to forge a $240 billion global mining giant were called off in February over d...Reuters
3 hours ago
PRESS DIGEST -Wall Street Journal - February 18
Feb 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. steelmaker Steel Dynamics STLD.O and Australian conglomerate SGH SGH.AX submitted a sweetened offer for BlueScope Steel BSL.AX that val...Reuters
3 hours ago
