Updated

Oil settles down 1%, then drops more on hint of big U.S. crude build

By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% lower on Tuesday as traders worried about mounting supplies, and prices extended losses in post-settlement trading after sources said data from the American Petroleum Institute showed a large build in U.S. crude oil and distillate inventories. Sources said the industry group reported a crude oil build …

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Dutch F-35s intercept three Russian military aircraft near Poland – Netherlands’ defence ministry

(This Feb. 13 story has been corrected to specify that NATO’s reporting name for the aircraft designated by Flanker is Su-27, not Su-28, in paragraph 5) (Reuters) – Two Dutch F-35 fighters intercepted a formation of three Russian military aircraft near Poland and escorted them out, the Netherlands’ defence ministry said in a statement late …

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Pence to fight subpoena in probe of Trump’s 2020 election denial -source

By Sarah N. Lynch and Susan Heavey (Reuters) -Republican former U.S. Vice President Mike Pence is preparing to resist a grand jury subpoena for testimony about efforts to overturn then-President Donald Trump’s 2020 reelection loss, a source familiar with his plans said on Tuesday. Pence will argue that his role as president of the Senate …

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Dollar hits six-week high vs yen; rises from two-week low after U.S. inflation data

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar hit a six-week high against the yen and recovered from a roughly two-week low against a basket of major currencies on Tuesday as data for January showing the smallest annual increase in U.S. consumer prices since October 2021 did not alter market expectations that interest rates …

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Adani says no refinancing, liquidity issues in bid to calm jittery investors

By Sudipto Ganguly and Chris Thomas MUMBAI (Reuters) -India’s Adani group said on Tuesday that its companies face no material refinancing risk, or near-term liquidity issues, in its latest attempt to calm investors spooked by a U.S. short-seller’s critical report on its business practices. Led by billionaire Gautam Adani, the group’s seven listed companies bearing …

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London’s FTSE 100 pares gains as U.S. CPI fans rate hike fears

By Shashwat Chauhan (Reuters) -Britain’s FTSE 100 closed marginally higher on Tuesday, paring early gains as mixed U.S inflation data did little to soothe concerns about further Fed tightening, while strong gains by Vodafone drove other telecom stocks higher too. The blue-chip FTSE 100 closed up 0.08% after hitting a record high during the session, …

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