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Embraer jetmaking CEO eyes higher output after order spree
Embraer, the Brazilian planemaker, aims to return annual deliveries to prepandemic levels (around?100 units) within the next two-years and then continue to grow following a recent "boom" in orders for its regional aircraft. Embraer's plan for the next 24 month calls for an increase in deliveries and production of up to 30% compared to last year when it delivered just 77 commercial jets - barely meeting its forecast of between 77 and 85 units. Arjan Meijer CEO of Embraer Commercial Aviation said that the first goal is to return to 100 deliveries. However, with the current demand and sales results, we'll probably need to go above this. Embraer, despite losing to Airbus in a highly charged political contest in Poland, quadrupled its sales of the E2 series, and outsold A220 by three to one, with 131 net order, including purchases from All Nippon Airways, LATAM, and LATAM. Meijer noted that despite geopolitical uncertainties, airlines are catching up on fleet replacements left aside due to the COVID-19 epidemic. "Am I worried about certain global developments?" "Yes, for sure. We keep an eye on the situation but we do not see a decline in demand," he said during a phone interview ahead of the Airline Economics Conference in Dublin this week. TREADING SLOWLY ON NEW PLANE DEVELOPMENT Meijer stated that the supply chain had improved, but it needed to return stability by 2026. The disruption has affected a number of components, including engines and aerostructures. He said that Pratt & Whitney, a U.S. engine manufacturer, had largely overcome the shortages and maintenance bottlenecks. This contrasts with a worsening conflict between Airbus and Pratt & Whitney about shortages of Geared Turbofan Engines that are also used to power part of the A320neo Family. Meijer stated that the E2 variant was less susceptible to durability issues because it is smaller, lighter and entered service much later. This avoided earlier "teething" problems. He said that the number of planes being grounded due to maintenance delays had fallen to a single digit from a high of between 25 and forty. He added that he expects this to be zero by the year's end. Meijer refused to comment on reports in the media that Embraer was set to announce an historic?agreement for planes to be assembled in India. Sources with knowledge told New Delhi last week that Gautam's Adani Aerospace planned to announce an alliance with the Brazilian planemaker. As Brazilian President Luiz Inacio Lula da Silva prepares to visit India in a month, the move is being made. Meijer said that Embraer is not in a hurry to start development of the successor to its jet family and will instead focus on technology. He said, "We're looking at all options." "A new platform (for a manufacturer) is a big decision, and we will have to tread carefully and slowly." (Reporting and editing by Jamie Freed; Tim Hepher)
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French and Benelux stocks - Factors to watch Jan 26
Here are some company news and stories that could impact the markets in France and Benelux or specific stocks. AIRBUS Airbus is close to announcing a deal with AirAsia to sell a total of?100 A220?jets, marking AirAsia's first entry into regional narrowbody aircraft. AIRBUS Airbus's head has warned that it must be prepared to adapt to new geopolitical threats after suffering "significant" financial and logistical damage due to U.S. protectionism and U.S. China trade tensions in the past year. AIR FRANCE KLM Airline KLM (the Dutch arm of Air France KLM) said on Saturday that it will not fly over large areas of the Middle East 'until further notice' due to a 'rise in tensions. BUREAU VERITAS Bureau Veritas has announced that it has acquired SPIN360, an Italian consultancy firm active in sustainability solutions. DANONE Danone announced that it would recall "limited" batches of infant formula in certain markets after a contamination scare led to new guidance from local authorities. Some LVMH shareholders want to know how Bernard Arnault will hand over the leadership of 'the luxury giant he has led for almost 40 year. They say that lack of transparency poses a serious risk to the group. Pan-European market data: European Equities ?speed guide................... FTSE Eurotop 300 index.............................. DJ STOXX index...................................... Top ?10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurotop 300 sectors..................... Top 25 European pct gainers....................... Top ?25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt items......... CAC-40................. Paris items............ World Indices..................................... survey of world bourse outlook......... European Asset Allocation........................ News at a glance: Top News............. Equities.............. Main oil report........... Main currency report..... (Gdansk Newsroom)
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As sanctions hinder trade, Russia's fuel exports to Asia will slow down in the early 2026.
According to industry and shipping sources, Russian fuel oil exports into Asia have slowed down in the first half of 2026 due to increased scrutiny due to tighter Western sanctions. Meanwhile, Ukrainian drone attacks against Russian refining plants reduced output. After the capture of Nicolas Maduro by the United States, the slowdown of Russian exports and the decline in Venezuelan shipments into China could lead to a tightening of Asia's fuel oil supply, which is used for refinery feedstocks and bunker fuels. This would support the price. Kpler ship tracking data showed that Russian fuel oil exports have reached 1.2 million tons (about 246,000 bbls/day) in January, and they are expected to continue to decline for a third consecutive month. The drop is due to some cargoes being diverted into storage facilities prior to re-exporting. In January 2025, 2.5 million tons were exported. Since October, the output of?Russian refinery products has decreased as a result of several refineries being closed for repairs after Ukrainian drone attacks. The winter storms in December and early January also affected?cargo loads. LONGER ROUTES SANCTIONS Emril Jamil is a senior analyst with LSEG. He said: "Buyers don't want to take risks because of the sanctions and penalties." Fuel oil traders said that it is now more difficult to move cargoes out of the sanctioned refining plants due to multiple layers, including ship-to-ship transfer. Market sources reported that some cargoes were being held in Egypt at the Port Said anchorage awaiting buyers. Sources declined to name them as they were not authorized to speak with media. Trade estimates show that about 360,000 tons of cargo loaded in November and December is shipped to Asia by longer routes around Africa. Around 300,000 of these tons have no final destination. KARIMUN RESUMES RUSSIAN FUEL OPOL IMPORTS According to Kpler and other market sources, Indonesia's Karimun oil terminal resumed imports of Russian fuel in December and early January after a nearly six-month hiatus. The terminal received more than 300,000. Oil Terminal Karimun operator did not respond immediately to a comment request. In recent years, the terminal has become a major transshipment hub for Russian oil products. Market sources say that Asia is likely to remain the top destination of?Russian fuel this year, unless Western sanctions lift. The sources say that Southeast Asia, China and the Middle East are the main outlets, with some cargoes continuing to flow into the Middle East. Kpler data shows that fuel oil exports to Singapore from Russia totaled 491,000 tonnes so far in January, a decrease from December. Other cargoes continue to arrive in China ports, including in Shandong where independent refineries are importing fuel oil as a substitute feedstock for crude oil.
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When the US freezes the global LNG market gets a cold. Bousso
A fear of disruptions in production has led to a dramatic rise in the price of natural gas. This spike in prices has been felt on overseas markets and highlights the globalization of U.S. dominated liquefied gas trade. U.S. Natural Gas Futures are up almost 70% in the last week, to $5.35 for a million British Thermal Units (mmBtu). This is their highest price since December 2022. According to LSEG, the cold snap is expected to boost domestic gas demand to 156 billion cubic feet per day this week. This compares to a 'five-year average January' of 137 bcfd. Drillers in areas such as the Permian basin in Texas and New Mexico are forced to reduce output because of "freeze-offs," which occur when liquids and water in the gas stream freeze. As temperatures continue to drop, the trend is likely to intensify. LSEG data show that the average gas production in the U.S. is already down to 108.4 bcfd, from a record 109.7 bcfd during December. This was partly due to cold weather. A tighter U.S. gas supply could lead to a reduction in LNG exports as liquefaction facilities receive less feedgas. In recent years, severe cold has curtailed gas and oil production. According to U.S. Energy Information Administration statistics, a 10-day cold period in January 2024 caused a 3% decrease in the average monthly dry gas production. Winter Storm Uri, which hit in February of 2021, caused a drop in output by over 20% compared to pre-storm levels. According to?Kpler, LNG feedgas dropped by up to 75% during this storm. This led to a drop of 30% in February LNG exports. During the past Arctic storms, production generally recovered within a few months. Since Uri, however, the U.S. liquefaction capability has almost doubled, making it the top LNG exporter in the world. A disruption today would create a larger shortfall. The global knock-on effect is now a reality. Cold weather in the U.S. has led to higher gas prices for Asia and Europe. Europe is heavily dependent on U.S. Gas after Russia slashed its pipeline flow following its invasion of Ukraine 2022. The U.S. Since 2023, the United States has dominated the LNG industry and is the first country in the world to export more than 100 million metric tonnes per year by 2025. Kpler, a data analytics company, estimates that two-thirds were delivered to Europe. The benchmark European TTF gas price rose over 6% to nearly 40 euros per megawatt-hour, or $13.75 for each mmBtu. This is the highest level since June 2025. Prices have risen 38% this month due to a rapid depletion in regional gas reserves, which is currently at 48% capacity. This is far below the 58% level last year. The International Energy Agency announced on Friday that Europe will import a record amount LNG this year. Most of it is expected to be imported from the U.S. The surge in new LNG supply is expected to maintain prices at a relatively low level for the next few years. According to the IEA, between 2025 and 2030 the new LNG?export capability is expected to increase by about 50% or 300 billion cubic metres (bcm), per year, globally. This growth will be driven primarily by the U.S. INTERCONNECTED MALL The increasingly interconnected LNG markets mean that when sudden changes in demand or supply occur in major producing regions, due to outages, extreme weather or other factors, the global impact is more significant than it was in the past. Climate change will likely make extreme weather events more common. Mashal Jaffery is a partner with Baringa, a gas and LNG commercial consultancy. He said that the global gas market had become more interconnected. Markets such as TTF and (U.S. Henry Hub) are structurally more volatile, and exposed to geopolitical and supply-demand dynamics that originate outside of their region. The global gas market, of course, has adapted. The global gas market has adapted. This allows the market to respond quickly to spikes in demand and smooth out volatility. The gas market, which was once dominated by regional players, is now beginning to resemble the modern, liquid oil markets. You like this column? Check out Open Interest, your new essential source for global financial commentary. Follow ROI on LinkedIn and X. Listen to the Morning Bid podcast daily on Apple, Spotify or the app. Subscribe to the Morning Bid podcast and hear journalists discussing the latest news in finance and markets seven days a weeks.
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Ryanair increases fare forecast on the back of strong bookings in early 2026
Ryanair upgraded its forecast on average fare growth for its financial period, which ends March 31. It also said that the full-year profit after tax was likely to be about one-third more than last year. Irish Airlines, Europe's biggest airline by passenger numbers, forecasted that average fares would be 1 or 2 percentage point higher than the 7% annual increase it predicted in November, as fares for the first three-month period of 2026 are "trending ahead of the prior year." The airline stated that "while Q4 does not benefit from Easter, the fares are on the rise and will likely exceed the +7% growth originally guided by 1% to 2%." The airline has "cautiously guided" its pre-exceptional profit after tax in a range between 2.13 billion to 2.23 billion euros ($2.53 to $2.65 billion) compared to last year's 1.61 billion euro. Ryanair is facing a "special charge" related to a fine of 256 million euros imposed by the Italian Competition Authority in December. However, it believes that it will be reversed on appeal.
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MTT Shipping and Logistics receives regulatory approval for Malaysian IPO
MTT Shipping and Logistics Bhd announced on 'Monday that it received approval from the Securities Commission Malaysia to proceed with its proposed listing on Bursa Malaysia main board. The Malaysian maritime logistic group that provides container liners, vessel chartering and container storage services said their initial public offering would consist of 633.5 new shares. Existing shares will not be sold, so all proceeds 'would go to the company. The statement did not disclose any financial or timing details. MTT Shipping plans to use proceeds from the IPO 'to fund growth including the acquisition and development of integrated freight systems, especially?to support cargo flow between West and East Malaysia. The company stated that CIMB Investment Bank, along with?CLSA is the principal adviser, joint global coordinator, and joint bookrunner. Affin Hwang Investment Bank, on the other hand, is also a co-bookrunner.
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Private jet carrying eight crashes at Maine Airport
The Federal Aviation Administration reported that a private jet with eight passengers on board crashed as it took off from the 'Bangor International Airport in Maine, Sunday evening. A government official?briefed about the incident said that there was an important?fire following the crash. An official from the government said that the?plane arrived in Maine after a flight to Texas. The FAA reported that the twin-engine turbojet Bombardier Challenger 600 crashed as it took off at the Bangor Airport around 7:45 pm (0045 GMT on Monday). The FAA announced that it would investigate the crash with the National Transportation Safety Board. Reporting by Disha Mishra, David Shepardson, Steve Gorman, and Suzanne McGee, in Providence, Rhode Island. Editing and production by Christian Schmollinger and Sergio Non.
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Delta reduces its schedule due to winter weather
Delta Air Lines said that it is operating a reduced flight schedule due to the winter weather which continues to affect many U.S. areas. It will also be closely monitoring the conditions in Atlanta and its hub at Atlanta. Delta said that the current schedule of flights is being operated 'as planned' due to proactive adjustments in the schedule. Winter Storm As ice, snow and strong winds sweep across major hubs and airports in the South and East of the U.S., airlines are cancelling flights, warning of delays and issuing 'travel waivers'. Delta on Saturday Winter storm Fern has caused additional flight cancellations at Atlanta, along the U.S. East coast and in its hubs of Boston?and New York. The National Weather Service has warned that the combination of freezing rain, snow and sleet could cause a mixture of 'travel hazards, power outages, and tree damage?across Southeast.
Brazil soy sales are lagging due to high freight costs, traders warn
Analysts said that the sale of Brazil's soy crop was lagging, due to high freight costs, an increased local currency, and the extra caution taken by trading companies to complete purchases.
According to the consultancy Safras & Mercado, Brazil's soybean crop for 2024/25 has already sold 39.4% more than total production expected. This is higher than the 31,9% recorded in the same time period of 2024. It is still below the average for five years of 43.2%.
Guilherme Palahares, Santander Research's head of food and beverage research, said that "Freight was the biggest factor in limiting business." To reduce risk, traders only buy freight services if the soy that they are purchasing has a client who is committed.
Brazil heavily relies upon trucks to transport grains to ports.
Diesel prices are rising and farmers in the area will need to transport a record crop of soy north of 170 millions tons.
The excessive rains in Mato Grosso have also caused problems, as they have hampered harvesting. Truckers are faced with muddy roads and shipping in unusually large volumes when heavy showers occur.
According to Mato Grosso's farmer-backed group IMEA, road freight from Mato Grosso's Sorriso port to the riverport of Miritituba has risen by around 40% since January began, reaching 270 reais (46.64 dollars)/ton.
The strengthening of the Brazilian currency to 5,8 reais to the dollar has hampered farmers' interest in selling their soy.
Santander's analyst stated that Brazilian farmers still expect better prices because of possible problems with Argentinean soy harvest affected by drought.
He said that by April they would be more likely sell, as the input bills will be due.
According to data from Esalq/USP, Cepea's data, premiums for soybean shipments at the Port of Paranagua in March remained negative.
The high freight rates put a lot pressure on the premium, said Francisco Queiroz. He is a soybean analyst with the Itau BBA agro-consulting firm.
(source: Reuters)