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Gold Price Repeatedly Fails to Break $5,200, Fed Officials Issue Hawkish Remarks
TradingKey - During the February 27 Asia trading session, gold prices attempted to break through 5,200 again, pulling back after a brief breakout. Signs of profit-taking by bulls are significant, with short-term speculative capital showing an increased inclination to exit as fundamental support weakens.
TradingKey
9 minutes ago
Oil sales under US-Venezuela deal expected to reach $2 billion by end of February, US says
By Sheila Dang CORPUS CHRISTI, Texas, Feb 26 (Reuters) - Sales under a flagship oil supply agreement between Venezuela and the U.S. are expected to reach $2 billion by the end of this month, U.S. Secretary of Energy Chris Wright told reporters in Texas on Thursday.The U.S. took control of Venezue...Reuters
8 minutes ago
Cuba slams US for 'impunity' on speedboat attack suspects
Heavy security around civilian hospital near site of attackCuban president vows to defend island against any aggressionCuba says US has shown willingness to cooperate on the matterBy Mario Fuentes and Daniel TrottaSANTA CLARA, Cuba, Feb 26 (Reuters) - Cuba criticized the U.S. government for allowing...Reuters
44 minutes ago
Venture Global signs 20-year LNG supply deal with Korea's Hanwha Aerospace
Feb 26 (Reuters) - U.S.-based LNG company Venture Global VG.N said on Thursday it had signed a 20-year sales and purchase agreement with Korea's Hanwha Aerospace 012450KS for 1.5 million metric tons per annum (mtpa) of liquefied natural gas starting in 2030.The agreement brings Venture Global...Reuters
45 minutes ago
Officials search Panama offices tied to ports dispute, local media say
PANAMA CITY, Feb 26 (Reuters) - Panamanian officials have searched the offices tied to the the Panama Ports Company, the local unit of Hong Kong conglomerate CK Hutchison, local media reported on Thursday. CK Hutchison and Panamanian authorities did not immediately respond to a request for comment.L...Reuters
an hour ago
CIF/FOB Gulf Grain-Soybean, corn basis bids dip on sluggish weekly export sales data
CHICAGO, Feb 26 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals turned lower on Thursday, amid disappointingly low weekly export sales data and as barge freight rates remained elevated, traders said.CIF Gulf soybean barges loaded in February were bid at 108...Reuters
an hour ago
Gold rises to near $5,200 amid US tariff uncertainty, US PPI data in focus
Gold (XAU/USD) attracts some buyers to around $5,195 during the early Asian session on Friday. The precious metal edges higher as US tariff uncertainty spurs safe-haven demand. Traders await the release of the US January Producer Price Index (PPI) reports later on Friday for fresh impetus.Fxstreet
an hour ago
Vale proposes 500 mln real capital increase through fiscal reserve capitalization
Feb 26 (Reuters) - Vale SA VALE3.SA:PROPOSES TO SHAREHOLDERS A 500 MILLION REAL CAPITAL INCREASE THROUGH CAPITALIZATION OF FISCAL RESERVE - FILINGPROPOSES TO SHAREHOLDERS MERGING WITH SUBSIDIARIES BAOVALE AND CDAReuters
an hour ago
Hydnum Steel Secures 500 MW of Electrical Power
Feb 26 (Reuters) - HYDNUM STEEL SECURES 500 MW OF ELECTRICAL POWER, A KEY STEP FORWARD IN THE CONSTRUCTION OF ITS CLEAN STEEL PLANT IN SPAINHYDNUM STEEL: CONSTRUCTION WILL BEGIN IN 2026, WITH AN INVESTMENT OF MORE THAN EUR 1.5 BILLIONHYDNUM STEEL: MORE THAN 400 DIRECT JOBS ARE EXPECTED TO BE GENERAT...Reuters
2 hours ago
LIVESTOCK-CME cattle futures retreat on poor packer margins, technical and fund selling
By Karl PlumeCHICAGO, Feb 26 (Reuters) - Chicago Mercantile Exchange cattle futures tumbled on Thursday in a technical- and fund-selling retreat as deeply negative beef packer margins stoked concerns about a slowdown in demand for cattle, analysts said.A looming strike at a large cattle slaughter an...Reuters
2 hours ago
MP Materials swings to Q4 profit on US government price support
Feb 26 (Reuters) - Rare earths company MP Materials MP.N swung to a fourth-quarter profit, it said Thursday, exceeding analysts' expectations, driven by its price support agreement with the U.S. government and sale of magnetic material. Rare earths are a group of 17 metals used to make magnet...Reuters
2 hours ago
US takes step to solidify rules on nuclear fusion energy
Fusion backers hope to generate power in 2030sTechnology would produce nuclear power without long-lived radioactive wasteUS regulator publishes draft rule on fusion energyBy Timothy Gardner WASHINGTON, Feb 26 (Reuters) - Fusion energy, an emerging technology that backers hope will one day generat...Reuters
2 hours ago
Brazil gets approval to export ground beef to Mexico, soybeans to the Philippines
SAO PAULO, Feb 26 (Reuters) - Brazil's Agriculture Ministry said on Thursday that the government has concluded sanitary talks allowing the South American nation to export ground beef to Mexico, and soybeans to the Philippines, according to a statement.Reuters
2 hours ago
Coterra misses quarterly profit estimates, flags winter storm hit to Q1 output
Feb 26 (Reuters) - Coterra Energy CTRA.N on Thursday missed Wall Street expectations for fourth-quarter profit on weaker crude prices, and warned of a hit to its first-quarter output due to the winter storm in the U.S.Global crude prices have come under pressure amid rising concerns about oversupply...Reuters
3 hours ago
Cheniere Corpus Christi, Texas LNG terminal gets boosted export approval from US
By Sheila Dang CORPUS CHRISTI, Texas, Feb 26 (Reuters) - The U.S. Department of Energy said on Thursday it has approved a 12% increase in exports from Cheniere's LNG.N Corpus Christi, Texas liquefied natural gas terminal.The approval allows additional exports of up to 0.47 billion cubic feet ...Reuters
3 hours ago
FIGS Q4 revenue up 33%, beats expectations
OverviewHealthcare apparel brand's Q4 2025 revenue grew 33%, beating analyst expectationsAdjusted EBITDA for Q4 2025 beat analyst expectationsRevenue growth driven by increased orders and higher average order valueOutlookFIGS expects FY 2026 net revenues growth of 10% to 12%Company anticipates F...Reuters
3 hours ago
Raizen creditors balk at splitting Brazil sugar-ethanol giant, sources say
By Luciana Magalhaes, Oliver Griffin, Rodrigo Viga Gaier and Lisandra ParaguassuSAO PAULO, Feb 26 (Reuters) - A proposal to break up Brazilian sugar and ethanol producer Raizen RAIZ4.SA faces stiff resistance from creditors in discussions over how to revive and recapitalize the struggling firm, peo...Reuters
3 hours ago
Trump administration cannot force states to supply food stamp data, US judge rules
By Nate Raymond Feb 26 (Reuters) - A federal judge on Thursday blocked President Donald Trump's administration from cutting off funding for 22 Democratic-led states to administer food stamp benefits unless they turned over data on millions of people who received the aid.U.S. District Judge Ma...Reuters
3 hours ago
Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019
By Nicole Jao, Arathy Somasekhar and Georgina McCartney NEW YORK, Feb 26 (Reuters) - Saudi Aramco's U.S. trading division bought a cargo of Venezuelan Boscan crude for March delivery, its first purchase of the heavy crude suited for asphalt making, sources familiar with the deal said on Thurs...Reuters
4 hours ago
