Latest News
-
China purchases more Canadian canola following Mark Carney's visit
Two trade sources reported that Chinese?importers? secured up to ten Canadian canola shipments?following Prime Minister Mark Carney?s visit to Beijing this month. This eased supply and could displace Australian exports. Two traders who have direct knowledge of the transactions said that canola from Canada is expected to ship between February and April. Each cargo weighs around 65,000 tons. The traders requested anonymity because they weren't authorised to speak publicly about the matter. China and Canada struck a first trade agreement during Carney's trip to Beijing. The deal would reduce tariffs on Chinese vehicles in exchange for lower levies placed on Canadian canola. Canola or Rapeseed is crushed into cooking oil and other products. The leftover protein-rich meal is used to feed livestock. CHINA'S CANOLA CRUSHERING INDUSTRY COMMENCED TO STOP China imposed preliminary Anti-dumping Duties on Canadian?canola last August. The Chinese government then resumed its purchases of Australian canola, which were stopped after it implemented biosecurity 'curbs' that would have halted trade in 2020. COFCO, the state-owned company, bought 500,000 tons (or a little more) of 'Australian canola over the past few months. This raised hopes among Australian farmers for further purchases. Two?Australian cargoes have arrived in China but have not yet been processed. This has brought China's canola crushing industry to a standstill for the first time in many years. Unknown to his employer, a trader from an international agricultural firm said that it was not clear what happened to the Australian canola. Reporting by Naveen Thkral and Ella Cao, Editing by Jacqueline Wong, Barbara Lewis
-
Adani and Embraer sign agreement to manufacture aircraft in India
The companies announced on Tuesday that they would partner to create a regional aircraft manufacturing venture in India. This partnership will mark Adani's first foray into commercial aviation. Adani, a company that runs airports, has a growing aerospace and defence business and can also produce parts, will be able to help India increase its aircraft manufacturing share, moving from assembly to component and part production. The companies did not reveal financial details in a joint press release, but said they had signed a Memorandum of Understanding to explore collaborations on aircraft manufacturing, supply chains, aftermarket service and pilot training. In a statement, Arjan Meijer said that India is "a pivotal market" for Embraer. This 'partnership' combines Embraer's aerospace expertise with Adani’s strong industrial capabilities. Embraer is the world's third largest planemaker, after Airbus and Boeing. It specializes in regional jets that can carry 70 to 140 passengers. The E2 family is a competitor to Airbus's A220 but it sits below 150-plus seat market that is dominated by the two industry giants. Embraer has sought to expand its presence on Indian soil, after partnering with Mahindra for the C-390 military aircraft. Luiz Inacio Lula da Silva, Brazil's president, said that the Brazilian planemaker was looking to increase its presence in India by forming such partnerships. (Reporting and writing by Aditya kalra, Abhijith ganapavaram, and Surbhi misra; editing by Jacqueline Wong & Clarence Fernandez).
-
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or individual stocks. Airbus Helicopters: Airbus Helicopters announced 536 net orders for 2025. This is a?upwards trend from 450 orders in 2024. The increase was driven by increased defence?spending?in Europe. Deliveries also increased by 8.5%, to 392 units. EU/INDIA - India and the European Union signed a landmark deal on Tuesday that will affect a quarter the world's GDP. FRANCE/SOCIAL MEDIA - The French National Assembly voted on Monday to ban children younger than 15 from using social media, in response to growing concerns over online bullying and mental illness risks. Gimv has announced that it will cease new investments in the life sciences sector to focus more on strategic goals. It will continue managing its existing portfolio of 11 life sciences companies which represents around 5% of the total value of their portfolio. ID Logistics: Contract Logistics provider ID Logistics announced fourth-quarter revenues for 2025 of 1.04 billion euro, an increase of 12.2%. Full-year revenues reached 3.74 billion euro, a 16.0% rise. LVMH: While investors hope that LVMH’s annual results will reveal a?further sign of recovery after a long slowdown, they also expect more action from CEO Bernard Arnault in order to?win shoppers back who have been alienated by hefty prices hikes. RENAULT/STELLANTIS : In December, fully electric car sales in Europe overtook petrol for the first-time, according to data released on Tuesday. 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............ London report ........... Xetra DAX............. Frankfurt items......... CAC-40................. Paris items............ World Indices..................................... Survey of global bourse outlook ......... European Asset Allocation........................ News in a glance Top News ............. Equities.............. Main Oil Report ........... Main currency report..... (Gdansk Newsroom)
-
German Railway CEO targets 500 million euros annual savings through top management changes
She told journalists Monday night that the head of Germany's struggling German state railway, Deutsche?Bahn, aims to cut up to 500 million euros ($593 millions) annually?through changes?to top management. Evelyn Palla, CEO of Deutsche Bahn, did not specify when this target would be reached at a press conference in 'Berlin. The restructuring plan, which is slated to begin this summer, will see a'second wave' of changes that include a significant reorganization and a greater level of responsibility for operational?units. Palla, who assumed office in October, already reduced the size the management boards of Deutsche?Bahn Holding Company and its subsidiaries. Palla said in December that she would cut 'at least 30%' of the 3,500 jobs currently at the holding company. The 'CEO' wants to improve punctuality which is damaging to the company image. She also wants to improve the operational result.
-
Bousso: The offshore wind pact between Europe and the US is a hedge to US gas dependence.
The European Union has agreed to develop a massive offshore wind network. This is a major step forward in the region's efforts to reduce its dependency on U.S. gas imports while also tackling rising costs for renewable energy. On Monday, at the North Sea Summit, ministers from Britain and other countries signed an agreement for the development of 100 gigawatts (GW), or offshore wind power, in shared economic waters. This is enough energy to power more than 50,000,000 households. The agreement builds on the 2023 pledge of building 300 GW offshore wind by 2050. It was conceived after the energy price shock caused by Russia's invasion of Ukraine in 2022 and the disruption of gas supplies to Europe. This announcement, which has been in the works for years, comes at a sensitive time for Europe and the U.S. given the recent transatlantic spat about Greenland. U.S. President Donald Trump’s transactional diplomacy, and his pursuit to "energy dominate" has heightened European concerns over their heavy dependence on U.S. LNG. LNG replaced the majority of volumes previously supplied by Russia. In 2025, U.S. Gas accounted for around 25% of the total gas imported into the EU/Britain and a fifth of the LNG imports. Wind power is the cornerstone for Northern Europe to reduce its dependence on fossil fuels. According to WindEurope, by 2025, both onshore and offshore wind will generate 19% of EU's electricity. The region has only 37 GW of off-shore wind in 13 countries. This means that the planned 100 GW expansion will fundamentally change Europe's energy market. In recent years, investor enthusiasm for clean energy has declined due to rising costs and supply-chain restrictions. There is also concern about China's dominance in renewables manufacturing. Trump's hostility towards green energy, especially wind power, further weakened sentiments as the U.S. Government scrapped many projects in this past year. The cost of living crisis in Europe, exacerbated by high energy costs, has made climate policies political flashpoints and fueled resistance to net zero plans. ECONOMIES AT SCALE The European Offshore Wind Pact was driven by concerns about cost as well as concerns over an over-reliance on the U.S. The new plan contains several elements which?could lower development costs and, ultimately, consumer electricity prices. This can reduce costs, as it gives the offshore wind supply chains more certainty about demand. This should, in turn, encourage investment in domestic manufacturing. WindEurope claims that industry players have pledged to reduce costs by 30% from 2025-2040. The plan is expected to create 91,000 new jobs and generate a total of 1 trillion euros (1.19 trillion dollars) in economic activity. The agreement's blueprint is a key element. It outlines a system of interconnectors and bidirectional cables to connect wind farms with multiple countries. The agreement should enable power to be delivered where it is most needed, improving efficiency and allowing operators to adapt to changes in supply and demand patterns across multiple markets. This cross-border "arbitrage", should also reduce "negative pricing", i.e., periods where excess wind energy forces operators to curtail their output and compensates them. "When there is a lot of wind in Germany, you may not have wind in the UK. So, if Germany cannot use the entire amount of power, then the UK could take some of it instead of wasting the energy," said Jordan May. The'multi-nation plan' will also cover different time zones. This means that countries will have their peaks at different times. It should be easier to match the supply and demand. This could reduce the need for gas powered power. Finaly, Europe could benefit from Trump's dislike of wind. Under this administration, the U.S. wind industry has seen a dramatic decline. Last year, the International Energy Agency cut its forecast for offshore wind in the U.S. by more than half. The reduced demand from the United States for components, vessels and engineering services may ultimately result in lower prices for European operators. To unlock these gains in efficiency, European governments will need to create complex new regulations that align the different national subsidy regimes with power market rules. This process could take many years, and there may be political opposition in some countries. Unpredictable Costs In Europe, the cost of switching from fossil fuels to renewable energy has been a source of controversy. These costs are uncertain because forecasting is not a science in this field, regardless of whether you're looking at green energy or fossil fuels. Offshore wind requires a large upfront investment, but has lower operating costs in the long run. Gas-fired power plants are less expensive to build, but are subject to fluctuating global gas prices. The cost of not doing anything is often overlooked in discussions about renewable energy. This cost can be enormous. Europe's electricity demand will double by the mid-century mark, which means that it is necessary to upgrade its old transmission and distribution grids. The longer European leaders delay, the higher costs will be. The joint offshore wind plan of Europe offers a way to build more domestic power and industrial capability while reducing dependence on foreign fossil fuels. It's not just about that. The ultimate success of the plan will be determined by whether or not it reduces electricity prices for European consumers. These are the opinions of the columnist, an author for. You like this column? Open Interest (ROI) is your new essential source of 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.
-
Maguire: Six high-flying stocks in energy that will attract investor interest by early 2026
The soaring natural gas prices in Europe and the U.S. have dominated the energy market's attention this year. However, several sector stocks have reached multi-year highs that likely reflect the broader themes driving investment in energy in 2026. Investors are already putting their money into the power and energy landscapes of North America. Here is a list of?of?the?standout stocks which have already surpassed price milestones in 2026. They are likely to continue being popular investment vehicles in the North American energy sector in 2026. The gills of the grid The AI and datacenter boom is expected to continue into 2026, and will benefit companies that manufacture parts, components, and software to connect and power electric grids, and facilities. Fluor Corporation and MYR Group are among the North American companies that specialize in developing grid-specific materials and services. Their share prices are expected to rise between 12% and 15% by 2026. Wesco International is the best performer year-to date, with a gain of over 17%. It has segments that cover communications, power distribution and generation, electrical and lighting services, and security. Jefferies equity analyst said that "we believe core themes such as data center, electric, and grid investment will drive healthy growth" for Wesco. Power Grabs The firms that are exposed to the rush for more energy generation and distribution across the country also benefit. Baker Hughes is a stand-out firm in this category. It manufactures and services gas extraction equipment, as well as high efficiency gas turbines that are highly sought after by utilities and data centers. Baker Hughes shares have risen over 20% in the past year, reaching their highest level since 2008. Baker Hughes' thesis is based on core technologies in industrial and energy. This is an advantage that investors may not realize. Morningstar analysts pointed out this month that the oilfield services business is a high-growth, high-return industry. Bloom Energy?manufactures high-demand products among utilities and recently signed a record deal with utility American Electric Power to purchase fuel cells made by Bloom that convert natural gas into electric power. Bloom's share price has soared 60% in the past year as it attracts data centers who want to generate their power rather than depend on local grids. Clean Street analysts stated this month that "Behind the meter power solutions (Bloom Energy), are well-positioned to capture a high market share, if they can increase their production capacity rapidly enough this year." Fluence Energy has also benefited from the surge in power demand, as its shares have increased by over 35% since last year. Jefferies analysts noted this week that the energy storage giant is one of the few companies able to provide compliant solutions on a large scale. REACTOR BATTERY AND FUEL ANODES Uranium Energy has also been a high flyer this year. It is expected to grow by over 55% in 2026, as U.S. authorities and power companies look to revitalize the nuclear power industry at home. As the only vertically-integrated ?nuclear fuel supplier in the U.S., UEC is almost unique in the U.S. nuclear power supply chain. H.C. Wainwright published this week that UEC could capitalize on a need for an 'internal uranium marketplace amid the greatest supply shock since decades by owning production capacity, processing capability and, eventually, conversion. Northern Graphite is a Canadian company which mines and refines the graphite used in fuel cells, battery anodes and other applications. Its?shares have gained over 50% in value this year. The penny stock, which is highly volatile, ranged between 8 Canadian cents and 22 cents by 2025. However, it has now risen above the 30 cents mark in Saudi Arabia for the first since 2023. This was due to news that a joint-venture with an investment firm to build and run a battery anode manufacturing facility in Saudi Arabia had been announced. Saudi Vision 2030 is the plan of Saudi Arabia to electrify 30% of its fleet of vehicles by 2030. It also aims to create new industries and jobs in the Kingdom. Northern Graphite, as the sole graphite producer of North America will also likely benefit from the near-shoring efforts to ensure that supplies of essential materials are not controlled entirely by China. These are the opinions of the columnist, an author for. You like this article? Check it out Open Interest The new global financial commentary source (ROI) is your go-to for all the latest news and analysis. ROI provides data-driven, thought-provoking analysis on everything from soybeans to swap rates. The markets are changing faster than ever. ROI can help you keep up. Follow ROI on You can find us on LinkedIn.
-
Researchers say Indonesia's captive energy plants are a threat to the transition from fossil fuels to renewables.
Researchers said that efforts to decarbonise Indonesia’s power sector are at risk due to a faster-than-expected increase in the number?of off-grid coal plants?and a lack transparency when it comes to reducing their emissions. Indonesia's captive power plants are built by industries for their own use. They have grown rapidly in recent years due to the growth of the nickel industry in the country. According to a report from the Global Energy Monitor and the Centre for Research on Energy and Clean Air, it is difficult to monitor and implement plans to reduce emissions. Lucy Hummer, a GEM researcher, said that it is "impossible to plan the replacement of coal plants with renewable alternatives" without first understanding what coal capacity is currently planned and existing. The report said Indonesia underestimated the number captive coal plants in the pipeline. Its total capacity, including those currently under construction and at the planning stages, is now more than 31 gigawatts. This figure is higher than a 2024 Estimate the cost Secretariat of Just Energy Transition Partnership, a 2022 accord signed by Indonesia with a number developed countries in order to?help it finance its move away from fossil fuels. Indonesia, the largest emitter of greenhouse gases in the world and top thermal coal exporter, has committed to achieving net-zero emission by 2060. It also pledged not to commission any new coal-fired plants. The captive power sector is exempt from the pledge as long as they commit to reducing emissions by 35% within 10 years. CREA and GEM stated that there are currently "no public evidence" or monitoring frameworks available to verify the plants' emission reductions. They said that this could signal a "wavering commitment and a diminished will." Captive power plants had been excluded from Indonesia's JETP program. A non-binding report published in November estimated that Indonesia would require $31 billion to start their transition to renewables by 2030. (Reporting and editing by David Stanway; Fransiska Nanangoy)
-
Divers will be deployed to search for the missing after the sinking of a Philippine ferry
The Philippine Coast Guard is deploying divers to search on Tuesday for the remaining missing passengers. A vessel carrying more than 300 people capsized while en route to Sulu province in the south, leaving 18 dead. The Department of Transportation also suspended Aleson Shipping's entire passenger fleet, the operator of the sunken ship, noting that the company had been "involved" in 32 maritime accidents. PCG reported that 316 people were rescued and 10 are still missing after the MV Trisha Kerstin 3, which sank on Monday shortly after midnight while en route from Zamboanga to Jolo in Sulu Province, sank. Investigations are still ongoing to determine the cause of this sinking. Aleson Shipping has a network that covers Mindanao, the Sulu Archipelago and other islands. Captain Noemie Cayabyab is a PCG spokesperson. He said that the number of people aboard the vessel had been reduced from 359 to 344 after verifying 15 people who were listed in the manifest did not board. PCG stated that the vessel's authorised passenger capacity is 352. The PCG stated that it is not yet ready to draw any conclusions as to why the ferry sank. The Philippines is a country of over 7,000 islands, with a patchy record in maritime safety. (Reporting and editing by Matthew Lewis in Manila, Karen Lema)
Saudi Aramco taps the global bond markets with a $4 billion bond issue
Saudi Aramco is the world's biggest oil company. It has issued a bond worth $4 billion in four tranches, attracting a lot of interest from investors. This was its first venture into global debt markets.
IFR, the fixed-income news service, reported on Monday that the state-owned oil giant issued $500,000,000, $1.5 Billion, $1.25 Billion, and $750 MILLION in?bonds, with maturities of 3, 5, 10, and 30 years, respectively.
IFR reported that the order books for the offering were over $21 billion. This showed strong investor interest, which allowed Aramco, from its initial guidance of $100 bps, to reduce the spread between the three-year bonds and U.S. Treasuries to 60 basis points.
The spread on the five-year tranche has been reduced from 115 basis points to 80 basis points.
IFR said that the 10-year and 30-year bond prices were finally set at?95bps and 130bps respectively. This compares to an initial price of?125bps and 165bps versus U.S. Treasury bonds.
Aramco's last debt market activity was in September when it raised $3 billion through the sale of sukuk or Islamic bonds. This followed a $5 billion bond sale in May.
The company had been away from the bond markets for three years before returning to raise $6 billion by July 2024.
Aramco, long a cash cow of the Saudi government said in August that it would cut costs across the company and divest assets when crude prices dropped and its debt increased.
Aramco is expected to pay out $85.4 billion in dividends by 2025, down roughly 30% compared to 2024 as the payouts tied?to cash flow decreased.
The sovereign wealth fund PIF owns another 16% of Aramco.
Reports had been made on the 'Aramco's' cost-cutting, divestment and other measures before its chief financial officer confirmed it on an earnings call. This included a 'planned sale' of gas plants.
Aramco also raised money through other means.
It signed an agreement for a lease-and-leaseback of $11 billion last year with a consortium headed by Global Infrastructure Partners (GIP), a part of BlackRock. The Saudi government will raise $12.35 billion in 2024 by selling 0.64% of Aramco.
Citi, Goldman Sachs, HSBC JPMorgan, Morgan Stanley and were active bookrunners. Abu Dhabi Commercial Bank (ADCB), Bank of China, BofA Securities BSF Capital Emirates NBD Capital First Abu Dhabi Bank Mizuho MUFG Natixis Riyad Capital SMBC Standard Chartered, Standard Chartered, Standard Chartered, SMBC were passive bookrunners. Amna Mariyam, Yousef Sabah and Clarence Fernandez contributed to the reporting.
(source: Reuters)