News
Important Only
Commodities
Sibanye pulls out of US lithium project after price slump
Adds Ioneer reaction, details in paragraphs 6-9 Feb 26 (Reuters) - Sibanye Stillwater SSWJ.J said on Wednesday it will not go ahead with plans to invest in the Rhyolite Ridge lithium project in the U.S. state of Nevada, after the price of the rare metal plunged. Johannesburg-based Sibanye said a...Reuters
Wed, Feb 26
Economic Indicator
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
Stocks
Is the "Tesla Killer" Lucid Rising? Expected to Double Production in 2025 and Unexpected CEO Change
Amid fluctuations in Tesla's (TSLA.US) sales, stock price, and reputation, Lucid (LCID.US), a fierce rival, is gradually recovering from its losses in vehicle manufacturing. The company optimistically expects to double its production of pure electric vehicles in 2025.TradingKey
Wed, Feb 26
Economic Indicator
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
Commodities
Inpex CEO says buyers' interest for Indonesia's Abadi LNG exceeds planned output
Interest for Abadi LNG comes from Indonesia, China, Taiwan among othersConfident to operate Abadi despite Shell's exitBoosts 3-year growth investment to 1.8 trln yen from 1.2 trln yenBy Yuka Obayashi and Kentaro Okasaka TOKYO, Feb 26 (Reuters) - Inpex Corp 1605.T, Japan's biggest oil and ...Reuters
Wed, Feb 26
Commodities
Caspian pipeline says maintenance will take two months after drone attack
MOSCOW, Feb 26 (Reuters) - Caspian Pipeline Consortium said on Wednesday that maintenance work at the pipeline, which ships oil from Kazakhstan via a Russian Black Sea's terminal, will take around two months to complete after a pumping station was damaged by a drone attack last week.Reuters
Wed, Feb 26
Cryptocurrencies
Ethereum Tests “Make Or Break” Level, But Altseason Hopes Stay Alive – Details
Ethereum (ETH) has dropped nearly 10% in the past 24 hours, falling from $2,721 on February 24 to $2,313 earlier today. According to crypto analysts, $2,300 is the next critical support level – if ETH fails to hold this level, it could face further losses. Ethereum Crashes Amid Crypto Market S...Bitcoinist
Wed, Feb 26
Stocks
Waterdrop Inc. to Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 12, 2025
BEIJING, Feb. 26, 2025 /PRNewswire/ -- Waterdrop Inc. (NYSE: WDH) ("Waterdrop" or the "Company"), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it will report its unaudited financial resul...PR Newswire
Wed, Feb 26
Cryptocurrencies
XRP Faces Challenges Under $2.20, While Mutuum Finance (MUTM) Emerges as a Leading Investment Choice in February
Mutuum Finance (MUTM) is rapidly emerging as a high-flying decentralized finance (DeFi) project, and its popularity is drawing venture capital attention from investors seeking massive returns. At a presale price of $0.015, the project has already raised a whopping $1.445 million, and early investors will be able to enjoy the low cost before it is […]Cryptopolitan
Wed, Feb 26
Other
Ukraine bonds stage cautious rally on draft US critical minerals deal
LONDON, Feb 26 (Reuters) - Ukraine's international bonds enjoyed cautious gains on Wednesday after Kyiv agreed on the terms of a draft critical minerals deal with Washington seen as central to its push to win support from President Donald Trump's administration. The dollar-denominated bonds ...Reuters
Wed, Feb 26
Other
German regulator assessing UniCredit bid for 29.99% stake in Commerzbank
Updates headline, paragraph 1 with regulator spokesperson and stake BERLIN, Feb 26 (Reuters) - Italian lender UniCredit CRDI.MI has reported its planned acquisition of a 29.99% minority stake in Germany's Commerzbank CBKG.DE to the German Cartel Office for assessment, a spokesperson for t...Reuters
Wed, Feb 26
Technical Analysis
EUR/USD: Upward momentum has slowed somewhat – UOB Group
Chance for Euro (EUR) to rise above 1.0530 vs US Dollar (USD); it is unclear whether it can maintain a foothold above this level. In the longer run, c, but only a breach of 1.0425 would indicate that EUR is not ready to rise above 1.0530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Feb 26
Stocks
Diversified Healthcare Trust reports results for the quarter ended December 31 - Earnings Summary
Diversified Healthcare Trust DHC.OQ reported a quarterly adjusted loss of 36 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -43 cents. The lone analyst forecast for the quarter was for a loss of 29 cents per share. Reven...Reuters
Wed, Feb 26
Commodities
Scor covers Terra-Gen solar and battery storage facility
By Rebecca DelaneyFeb 25 - (The Insurer) - Scor has continued to grow its renewable energy portfolio, disclosing on Tuesday that it is the insurer of Terra-Gen's Edwards Sanborn solar and battery storage project in Kern County, California.Construction of the solar facility began in 2020. Spannin...Reuters
Wed, Feb 26
Other
Geely's Swedish brand to launch hybrid SUV with longest electric range in Europe
Feb 26 (Reuters) - Geely-owned Lynk & Co will launch a plug-in hybrid SUV in June with the longest electric range in Europe, the Swedish premium car brand said on Wednesday, adding to growing competition in the continent's hybrid and electric car market.Reuters
Wed, Feb 26
Other
Euro zone bond yields edge up from week-lows
Feb 26 (Reuters) - Euro zone government bond yields edged up on Wednesday from their lowest level in over a week, as traders continued to weigh the prospect of increased European defence spending, while digesting a rebound in U.S. Treasury yields.Reuters
Wed, Feb 26
Forex
Pound Sterling weakens against US Dollar as Trump’s tax agenda advances
The Pound Sterling (GBP) declines to near 1.2640 against the US Dollar (USD) in European trading hours on Wednesday. The GBP/USD pair faces selling pressure as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, has shown a strong recovery move...
Fxstreet
Wed, Feb 26
Technical Analysis
EUR: What to make of the Ukraine mineral agreement? – ING
European currencies remain reasonably supported and are taking the Ukraine mineral agreement as a positive and very possibly some kind of move towards a US security guarantee, ING's FX analyst Chris Turner notes.Fxstreet
Wed, Feb 26
Stocks
Fidelis Insurance Holdings Ltd reports results for the quarter ended December 31 - Earnings Summary
Fidelis Insurance Holdings Ltd FIHL.N reported a quarterly adjusted loss of $1.05 per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.15. The mean expectation of ten analysts for the quarter was for a loss of 22 cents per share. ...Reuters
Wed, Feb 26
