The Trump administration is ruling out deploying the Treasury Department to trade oil futures for now, according to a person familiar with the matter, as government officials look tame energy prices that have climbed amid the Iran war. Administration officials have discussed getting the Treasury Department involved in selling and buying energy futures but believe the agency’s ability to meaningful...
The Trump administration is ruling out deploying the Treasury Department to trade oil futures for now, according to a person familiar with the matter, as government officials look tame energy prices that have climbed amid the Iran war. Administration officials have discussed getting the Treasury Department involved in selling and buying energy futures but believe the agency’s ability to meaningfully affect the market is limited, said the person, who requested anonymity to discuss private conversations. Daily activity in the oil futures market has ballooned amid the conflict, diluting the potential impact of any one participant, the person said. The administration is also hesitant to tap the Strategic Petroleum Reserve right away because it was heavily utilized under former President Joe Biden , leaving it now only about 60% full, the person said. Damage caused by frequent withdrawals and the need for deferred maintenance pose additional complications. However, if the administration opts to eventually pull that lever, even releasing a modest amount can send a big signal to calm markets. The drawbacks of some of the options discussed underscore the difficulty the White House will likely face as it seeks to find ways to provide relief for global energy prices that have spiked in recent days. Surging oil costs pose both a geopolitical risk for the White House as well as a domestic political problem as Trump seeks to convince voters that his administration is lowering the cost of living ahead of the November midterm elections. Oil is on course for its biggest weekly surge since 2022 as Brent has rallied 17%. However, prices retreated slightly on Friday after Trump signaled “imminent action” to reduce pressure on prices and Treasury issued a temporary waiver to allow Indian refiners to purchase Russian oil until early April. Read more: US Grants Temporary Waiver for India to Import Russian Oil Earlier in the week, Trump announced plans to provide insurance guarantees and ...
Top producers of manganese ore in South Africa, the world’s biggest producer of the steelmaking ingredient, intend to bid for a new export terminal at the southeastern port of Ngqura. The Manganese Producers’ Consortium — which comprises companies including South32 Ltd. -controlled Hotazel Manganese Mines — plans to bid for the request for quotation to design, build, and operate the terminal in th...
Top producers of manganese ore in South Africa, the world’s biggest producer of the steelmaking ingredient, intend to bid for a new export terminal at the southeastern port of Ngqura. The Manganese Producers’ Consortium — which comprises companies including South32 Ltd. -controlled Hotazel Manganese Mines — plans to bid for the request for quotation to design, build, and operate the terminal in the second quarter, according to African Rainbow Minerals Ltd. , which owns 50% of Assmang, another key miner of the ore that’s part of the MPC. The group will bid for the facility with state-owned ports and rail operator Transnet SOC Ltd. as a joint-venture partner, African Rainbow said in a statement Friday. South Africa has about three-quarters of the world’s identified manganese-ore reserves, most of it concentrated in the Kalahari Basin of the Northern Cape province — the largest known land-based deposit globally. More than 85% is exported as raw ore or partially processed concentrate. The nation commands more than 36% of the global seaborne manganese trade, straining local rail and port export capacity. Transnet is trying to turn around its logistics operations after years of graft and mismanagement hollowed the business out. Due to environmental concerns, the company has committed to decommissioning its manganese bulk terminal at the Port of Port Elizabeth — which handles 5.5 million tons annually — by relocating exports to a facility at neighboring Ngqura, with the new hub capable of handling 16 million tons annually. Transnet is also working with the private sector to upgrade capacity in the rail corridor connecting the Northern Cape to Ngqura, preventing mismatches in capacity development, it said in its most recent annual report. African Rainbow said the partnership with the MPC is yielding results, with wagon payload capacity to the port of Saldanha in the Western Cape province increasing to 67 tons from 63 tons over the past 12 months, resulting in an additional ...
Hunting PLC press release ( HNTIF ): FY Non-GAAP EPS of $0.34. Revenue of $1.02B (-2.9% Y/Y) misses by $70M . Non-oil and gas revenue up 10%, to $82.9m. Sales order book $358.0m comprising $120.7m of subsea and $98.6m of non-oil and gas opportunities. Free cash flow of $96.6m – representing an EBITDA conversion of 71%. Cash and bank / (borrowings) $62.9m, after c.$145m of net outflows related to a...
Hunting PLC press release ( HNTIF ): FY Non-GAAP EPS of $0.34. Revenue of $1.02B (-2.9% Y/Y) misses by $70M . Non-oil and gas revenue up 10%, to $82.9m. Sales order book $358.0m comprising $120.7m of subsea and $98.6m of non-oil and gas opportunities. Free cash flow of $96.6m – representing an EBITDA conversion of 71%. Cash and bank / (borrowings) $62.9m, after c.$145m of net outflows related to acquisitions, share buybacks, treasury share purchases, and dividends. 2026 EBITDA guidance of $145-$155m retained, with EBITDA to Free Cash Flow conversion targeted at 50% or greater. More on Hunting PLC Hunting PLC (HNTIY) Shareholder/Analyst Call - Slideshow Hunting PLC (HNTIY) Shareholder/Analyst Call Transcript Seeking Alpha’s Quant Rating on Hunting PLC Historical earnings data for Hunting PLC Dividend scorecard for Hunting PLC
(RTTNews) - German flag carrier Deutsche Lufthansa AG (DLAKF, DLAKY) reported Friday lower profit in fiscal 2025, even as revenues increased from last year with higher traffic, capacity and load factor. Looking ahead for fiscal 2026, the company projects the course of business to be positive. Lufthansa expects a significant year-on-year improvement in adjusted EBIT. The company anticipates a clear...
(RTTNews) - German flag carrier Deutsche Lufthansa AG (DLAKF, DLAKY) reported Friday lower profit in fiscal 2025, even as revenues increased from last year with higher traffic, capacity and load factor. Looking ahead for fiscal 2026, the company projects the course of business to be positive. Lufthansa expects a significant year-on-year improvement in adjusted EBIT. The company anticipates a clear increase in revenue for the Lufthansa Group, driven by further capacity expansion at the Passenger Airlines, progress with the turnaround program at Lufthansa Airlines, and expected development in the Logistics and MRO business segments. In fiscal 2025, the company's net profit for the year was 1.34 million euros, down 3 percent from 1.38 billion euros last year. Earnings per share were 1.12 euros, compared to 1.15 euros a year ago. Lufthansa's adjusted EBIT increased 19 percent year-over-year to 1.96 billion euros, with an adjusted EBIT margin of 4.9 percent, up 0.5 percentage points from last year. Adjusted EBITDA rose 9 percent to 4.33 billion euros, with an adjusted EBITDA margin of 10.9 percent, a growth of 0.3 percentage points. Total revenue for the fiscal year 2025 grew 5 percent to 39.60 billion euros from last year's 37.58 billion euros. Traffic revenue was 32.33 billion euros, a 3 percent increase from last year. The company carried 135.04 million passengers in the year, an increase of 3 percent from last year. Available seat-kilometres and revenue seat-kilometres millions increased 4 percent each, and passenger load factor improved 0.1 percentage point to 83.2 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
"I realise how lucky I am to still be able to enjoy being with my family, watching the boys doing things, to be able to work and provide care for my patients, to still play football, and to do all the things I enjoy," he said.
"I realise how lucky I am to still be able to enjoy being with my family, watching the boys doing things, to be able to work and provide care for my patients, to still play football, and to do all the things I enjoy," he said.
Malaysia’s Second Finance Minister Amir Hamzah Azizan says his country is within the safe zone of its economic forecasts. He also discusses the outlook for the currency, which has come under pressure due to the war in Iran. He speaks exclusively with Bloomberg's Haslinda Amin. (Source: Bloomberg)
Malaysia’s Second Finance Minister Amir Hamzah Azizan says his country is within the safe zone of its economic forecasts. He also discusses the outlook for the currency, which has come under pressure due to the war in Iran. He speaks exclusively with Bloomberg's Haslinda Amin. (Source: Bloomberg)
Winter Paralympics 6.30pm, Channel 4 The high drama of snowy sports isn’t over just yet! It’s now the turn of the Winter Paralympics, with its opening ceremony at the Arena di Verona. Look out for GB curler Jo Butterfield, who is hoping to be the first British athlete to win at the summer and winter games. This year, hosts Ade Adepitan, Billy Monger and Ed Jackson are joined by GB’s most decorated...
Winter Paralympics 6.30pm, Channel 4 The high drama of snowy sports isn’t over just yet! It’s now the turn of the Winter Paralympics, with its opening ceremony at the Arena di Verona. Look out for GB curler Jo Butterfield, who is hoping to be the first British athlete to win at the summer and winter games. This year, hosts Ade Adepitan, Billy Monger and Ed Jackson are joined by GB’s most decorated Paralympian, Sarah Storey, and multi-gold medallist swimming champion Alice Tai. Hollie Richardson 500 Words With The One Show 7pm, BBC One It is perhaps an awkward time for visitors at Windsor Castle but Queen Camilla has invited Alex Jones and Roman Kemp to host the final of the children’s writing competition. Paddington will be there, obviously, and Big Zuu and Jodie Whittaker will help with revealing the winners. HR Gardeners’ World 8pm, BBC Two The year is young and spring is about to burst forth. This final compilation will put you in the mood as Monty Don revisits stories from the past year. In Yorkshire, the team explore the beautiful garden of a retired GP. And in Stroud, there’s a tranquil space inspired by a gardener’s Tibetan heritage. Phil Harrison Hippo Watch With Steve Backshall 8pm, Channel 5 In the concluding part of this short but wide-ranging series, the naturalist is in St Lucia, South Africa, where hippos wander the streets at night. Watching from a distance with night-vision cameras is dramatic – and preferable to being up close when they shake dung off their backsides. Hannah J Davies Big Cats 24/7 9pm, BBC Two View image in fullscreen ‘Teeming with life’ … Xudum pride of lions in the Okavango delta, Botswana, in Big Cats 24/7. Photograph: BBC Studios/Gordon Buchanan The Okavango delta in Botswana is teeming with life, particularly when the annual flood rolls in, and a roaming group of male lions seem keen to muscle in on the territory. Gordon Buchanan and the rest of the crew keep close tabs on these so-called rogue boys as they sniff out the local ...
Key Points It's true that XRP's price has fallen a lot recently. But its tokenized asset footprint is growing very quickly. Its chain is also seeing a big uptick in asset transfer activity. 10 stocks we like better than XRP › Given that XRP (CRYPTO: XRP) is down by 35% in the last 90 days alone, it's completely understandable that investors might be thinking about whether it's time to head for the...
Key Points It's true that XRP's price has fallen a lot recently. But its tokenized asset footprint is growing very quickly. Its chain is also seeing a big uptick in asset transfer activity. 10 stocks we like better than XRP › Given that XRP (CRYPTO: XRP) is down by 35% in the last 90 days alone, it's completely understandable that investors might be thinking about whether it's time to head for the door. But, if you're seriously weighing whether to sell your XRP, there are two numbers in particular that deserve a lot more of your attention than the day-to-day price. So before deciding to sell the coin for good, at least take a look at both, because they might change your mind. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » No. 1: Total tokenized value In crypto, asset tokenization is the process of generating and recording a digital representation of a traditional asset (like a stock or bond) on a programmable crypto token hosted on a blockchain. The point of asset tokenization is that it can reduce some of the transaction settlement and recordkeeping friction for the asset holder, assuming that the surrounding legal and operational pieces line up. And, as the XRP Ledger (XRPL) is angling to build out the features that will make it a great place to manage tokenized assets, the sum of their value on its chain today is a very important figure to know. As of Feb. 26, 2026, the value of tokenized assets held on the XRP Ledger just for recordkeeping purposes was nearly $1.5 billion, up by about 4.4% from 30 days prior. Even more importantly, there were $461 million in tradeable tokenized assets held on the ledger for the purpose of distribution rather than just recordkeeping, up by a stunning 45% in the same period. In other words, this is real progress which shows that XRP is going to be an important ...