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Exclusive: US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say
Reuters· 2026-02-18 16:50
book "Oro Rojo" about Venezuela's troubled state-run company PDVSA and Mom to three boys.## Read Nextago [Energycategory][Oil gains 3% as Russia-Ukraine talks abruptly end, Iran-US tensions support]ago [Energycategory][Exclusive: Libya brings in Western traders in blow to Russian fuel flows]ago [Sustainabilitycategory][Global Energy Alliance seeking to raise $100 million by 2028 to digitise India's electric grids, CEO says]ago [Energycategory][Santos to cut 10% of jobs, review portfolio; shares slip on prof ...
Euronext quarterly revenue rises about 10%, matches forecasts
Reuters· 2026-02-18 16:46
Euronext quarterly revenue rises about 10%, matches forecasts | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The reflection of a digital board at the Euronext stock exchange in the La Defense business district in Paris, France, March 10, 2025. REUTERS/Benoit Tessier [Purchase Licensing Rights, opens new tab]- Companies- Summary- CEO reiterates call for pan-European market consolidation- EBITDA rises 8.9% to 275 million euros, matc ...
UK's RELX plans pay boost for CEO Engstrom, Sky News reports
Reuters· 2026-02-18 16:30
UK's RELX plans pay boost for CEO Engstrom, Sky News reports | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[AstraZeneca PLC]Follow[Relx PLC]Follow[Rolls-Royce Holdings PLC]FollowShow more companiesFeb 18 (Reuters) - British information group RELX [(REL.L), opens new tab] is preparing to grant its top boss, Erik Engstrom, a substantial pay rise, bringing it closer to its FTSE-100 peers like AstraZeneca [(AZN.L), opens n ...
Microsoft to keep buying enough renewable energy to match all its electricity needs
Reuters· 2026-02-18 16:03
Core Insights - Microsoft has committed to purchasing enough renewable energy to match all its electricity needs, achieving this goal for the first time last year by contracting 40 gigawatts of new renewable energy supply [1][1][1] - The company aims to maintain this 100% renewable energy target during its expansion of AI-driven data centers, with plans to invest $50 billion by 2030 to support AI initiatives in the Global South [1][1][1] Renewable Energy Commitment - Microsoft has successfully contracted 40 gigawatts of renewable energy, with 19 gigawatts already supplied to the power grid [1][1] - The renewable energy contracts span 26 countries, and the remaining supply is expected to be delivered over the next five years [1][1] - The company’s cloud operations chief emphasized the importance of maintaining a 100% renewable energy target as the company grows [1][1] AI Expansion and Investment - Microsoft plans to invest $50 billion by 2030 to expand AI capabilities, particularly in countries across the Global South, primarily funding cloud and AI data centers [1][1] - The recent lifting of a moratorium on data center grid connections in Ireland is expected to help Microsoft meet significant demand for data centers in the region [1][1] - The company anticipates moving forward with previously stalled data center proposals outside Dublin, contingent on new regulatory policies [1][1]
Glencore sold more oil, earned less from energy sales for a third straight year
Reuters· 2026-02-18 15:54
Glencore sold more oil, earned less from energy sales for a third straight year | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo[1/2]The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. RE ...
J&J to invest $1 billion in new Pennsylvania plant amid US manufacturing push
Reuters· 2026-02-18 15:17
J&J to invest $1 billion in new Pennsylvania plant amid US manufacturing push | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 A Johnson & Johnson banner is displayed on the front of the New York Stock Exchange (NYSE) in New York City, in New York City, U.S., December 5, 2023. REUTERS/Brendan McDermid[1/2]A Johnson & Johnson banner is displayed on the front of the New York Stock Exchange (NYSE) in New York City, in New Y ...
Nestle, Danone face scrutiny over baby formula recalls
Reuters· 2026-02-18 14:49
Nestle, Danone face scrutiny over baby formula recalls | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A view of the logo during the Annual General Meeting of Nestle in Ecublens near Lausanne, Switzerland, April 18, 2024. REUTERS/Denis Balibouse/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- France has launched investigations into handling of recalls- Investors, analysts expecting clarity on the financia ...
Rio Tinto takes majority control of Canada's Nemaska Lithium
Reuters· 2026-02-18 14:34
Rio Tinto takes majority control of Canada's Nemaska Lithium | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Rio Tinto logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies[Nemaska Lithium Inc]Follow[Rio Tinto PLC]Follow[Rio Tinto Ltd]FollowFeb 18 (Reuters) - Rio Tinto [(RIO.L), opens new tab], [(RIO.AX), opens new tab] said on Wednesd ...
Daily disposable contact lenses set to power market rebound in 2026
Reuters· 2026-02-18 14:14
Contact lens makers are poised for steadier growth in 2026 after a slight slowdown in the previous year, banking on rising demand for premium daily disposables and increased vision correction needs globally. ...
Starboard presses Riot Platforms to speed up AI data center push
Reuters· 2026-02-18 14:02
Core Viewpoint - Activist investor Starboard Value is urging Riot Platforms to accelerate its AI data center initiatives, highlighting the company's potential to benefit from the increasing demand for artificial intelligence infrastructure [1]. Group 1: Company Positioning - Riot Platforms is positioned to leverage its substantial power capacity for AI computing as the profitability of bitcoin mining remains unstable [1]. - Starboard Value owns approximately 12.7 million shares of Riot and emphasizes that Riot's Texas sites, Corsicana and Rockdale, can provide about 1.7 gigawatts of power suitable for AI data center operations [1]. Group 2: Market Dynamics - The letter from Starboard indicates a trend among cryptocurrency miners to pivot towards AI and high-performance computing (HPC) as a response to the volatile nature of bitcoin mining profits [1]. - Starboard notes that AI and HPC companies are increasingly looking to cryptocurrency miners for immediate power capacity for their data centers [1]. Group 3: Strategic Recommendations - Starboard advises Riot to focus on securing high-quality, investment-grade tenants, such as hyperscalers, rather than merely pursuing the highest lease rates [1]. - The recent agreement between Riot and Advanced Micro Devices is viewed as a positive development, although it is characterized as a minor proof-of-concept deal [1].