News
Important Only
US crude stockpiles fall as refining picks up, fuel inventories build, EIA says
Adds details from report, analyst commentary, milestones; updates pricesBy Liz Hampton and Georgina McCartneyDENVER, Feb 26 (Reuters) - U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds, the Ener...Reuters
Wed, Feb 26
US crude stocks fall, gasoline and distillate inventories rise, EIA says
DENVER, Feb 26 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 2.3 million barrels to 430.2 million barrels in the week ended February 21, the EIA said, compared with ...Reuters
Wed, Feb 26
Republican congressional leaders to meet Trump officials at White House, source says
WASHINGTON, Feb 26 (Reuters) - U.S. Senate Majority Leader John Thune and House Speaker Mike Johnson planned to meet at the White House on Wednesday with Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett, a source familiar with the matter told Reuters.The Republic...Reuters
Wed, Feb 26
US new home sales fall sharply in January
WASHINGTON, Feb 26 (Reuters) - Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers, the latest indication that housing market activity softened early in the first quarter.New home sales plunged 10.5% to a seasonally ...Reuters
Wed, Feb 26
Trump's $5 million 'gold card' visa unlikely to attract wealthy investors, advisers say
By Scott Murdoch, Youn Ah Moon and Sinead Cruise SYDNEY/SEOUL/LONDON, Feb 26 (Reuters) - U.S. President Donald Trump's $5 million so-called 'gold card' visa program is unlikely to trigger a major inflow of wealthy global investors seeking U.S citizenship because of concerns over highe...Reuters
Wed, Feb 26
Trump ends US initiative to boost electricity access in Africa, Bloomberg News reports
Widens media identifier; Adds details from report and background throughout Feb 26 (Reuters) - An initiative by the United States to increase electricity supply in Africa has been dismantled by U.S. President Donald Trump's administration after more than a decade of work, Bloomberg News repor...Reuters
Wed, Feb 26
Taiwan slightly cuts 2025 GDP growth outlook amid Trump tariffs concern
Revises down 2025 GDP outlook to 3.14% Says Taiwan could start feeling impact of Trump tariffs from Q3, Q4Says parliament-imposed budget cuts also undermine GDP outlookAdds official comments in paragraph six, and other details on growth and inflation, paragraphs 11, 12By Faith Hung and Jeanny KaoTAI...Reuters
Wed, Feb 26
Trump ends US initiative to boost electricity access in Africa, Bloomberg News reports
Feb 26 (Reuters) - A initiative by the United States to increase electricity supply in Africa has been dismantled by U.S. President Trump's administration after more than a decade of work, Bloomberg News reported on Wednesday, citing people familiar with the matter.Almost all of Power Africa’s p...Reuters
Wed, Feb 26
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
10,000 civil service jobs to be cut before 2027, public sector pay freezeGovernment aims for 7% expenditure cut by 2027-28GDP forecast to grow 2-3 percent this yearGeopolitics to "bring challenges" to HK economyAdds analyst quote, GDP figures, market reactionBy Jessie Pang and Clare Jim H...Reuters
Wed, Feb 26
An Inverted Yield Curve Returns: Can’t Trump Boost the US Economy?
Unlike the scenario of a soft landing seen last year, the recent spate of weak economic data has led Wall Street to begin discussing a potential economic recession and the Federal Reserve's possible recessionary rate cuts.TradingKey
Wed, Feb 26
German consumer sentiment unexpectedly worsens in March, GfK finds
BERLIN, Feb 26 (Reuters) - German consumer sentiment is set to darken heading into March, bucking expectations for a slight improvement, as households keep a wary eye on the economic and political situation in Europe's biggest economy, a survey indicated on Wednesday.Reuters
Wed, Feb 26
Poland - Factors to Watch Feb 26
WARSAW, Feb 26 - The following are significant news stories, press reports and events on Wednesday. ALL TIMES GMT (Poland: GMT + 1 hour):STRONG ZLOTYThe trend of the strengthening of the Polish currency raises questions about the resilience of export-oriented companies. On the other hand, for the ce...Reuters
Wed, Feb 26
