2025-07-31 11:20

July 31 (Reuters) - Canadian pipeline operator TC Energy (TRP.TO) , opens new tab raised its full-year adjusted core earnings forecast on Thursday, driven by increased natural gas and power demand and strength in its North America operations. In May, TC Energy said it is forecasting an uptick in capital project announcements later this year and into the next, as coal-to-gas conversions and data center growth drive natural gas demand in North America. Sign up here. "We expect to place approximately C$8.5 billion of capital projects into service this year, on time and are tracking approximately 15 per cent below budget," said CEO François Poirier. The company's total quarterly revenue rose 12% to C$3.74 billion ($2.70 billion), supported by higher adjusted core earnings from Mexican, Canadian and U.S. natural gas pipelines. Its power and energy solutions business reported an adjusted core profit of C$301 million in the second quarter, up 32.6% from a year ago. TC Energy operates a 58,100 mile-long network of pipelines, supplying more than 30% of the clean-burning natural gas consumed daily across North America. In the previous quarter, the company had said it sees its greatest opportunity in the U.S., where it has a significant presence in jurisdictions like the U.S. Midwest and Virginia, where there are large clusters of data centers under development. The Calgary, Alberta-based company raised its 2025 adjusted core profit forecast to a range of C$10.8 to C$11.0 billion compared to its previous outlook of C$10.7 to C$10.9 billion. On an adjusted basis, the company earned 82 Canadian cents per share for the three months ended June 30, beating analysts' average expectation of 78 Canadian cents, according to data compiled by LSEG. ($1 = 1.3849 Canadian dollars) https://www.reuters.com/business/energy/tc-energy-raises-full-year-core-profit-forecast-natural-gas-power-demand-2025-07-31/

2025-07-31 11:18

MUMBAI, July 31 (Reuters) - India is likely to get average monsoon rainfall, critical to the economy, in August after receiving 5% above-normal rains in July, a senior weather department official said on Thursday. The country is likely to receive above-average rainfall equating to more than 106% of the 50-year average in September, Mrutyunjay Mohapatra, director-general of the India Meteorological Department (IMD), told a virtual news conference. Sign up here. https://www.reuters.com/business/environment/india-receive-average-monsoon-rainfall-august-says-weather-bureau-2025-07-31/

2025-07-31 11:16

LONDRA, 31 luglio (Reuters) - ** Il dollaro si avvia a realizzare il primo guadagno su base mensile di quest'anno, grazie alla fiducia degli investitori nella tenuta dell'economia a stelle e strisce e ai segnali di attenuazione delle tensioni commerciali, mentre l'andamento dello yen è incerto dopo i segnali giunti dalla Banca del Giappone. ** Al termine della due giorni di politica monetaria, la BoJ ha mantenuto i tassi di interesse a breve termine fermi allo 0,5% con un voto unanime, ma ha aggiornato le previsioni di inflazione per il triennio al 2027 e ha affermato che i rischi per le prospettive dei prezzi sono " grosso modo bilanciati". Sign up here. ** Lo yen è stato inizialmente protagonista di un rally, con i trader che prezzavano una maggiore possibilità di un rialzo dei tassi quest'anno, ma poi ha invertito la tendenza: intorno alle 12,00 il dollaro sale dello 0,29% nel cross con la divisa giapponese a 149,94 . ** L'indice del dollaro , che misura l'andamento del biglietto verde rispetto a un paniere di sei valute, è a 99,84, in rialzo dello 0,03%. ** L'euro è una delle principali vittime dell'ascesa del dollaro questo mese. Al momento scambia a 1,1435 in calo dello 0,25% circa . https://www.reuters.com/world/africa/dollaro-verso-primo-rialzo-mensile-del-2025-yen-incerto-dopo-boj-2025-07-31/

2025-07-31 11:15

July 31 (Reuters) - Futures tied to Canada's main stock index edged higher on Thursday, helped by upbeat earnings from tech giants Meta and Microsoft, while investors were cautious about a potential trade deal ahead of President Donald Trump's August 1 tariff deadline. Futures on the S&P/TSX index were up 0.07% at 1,628.80 points by 06:38 a.m. ET (1038 GMT). The benchmark index posted its biggest decline in ten weeks on Wednesday. Sign up here. Shares of AI heavyweights Meta Platforms (META.O) , opens new tab and Microsoft (MSFT.O) , opens new tab surged in U.S. premarket hours after the companies reported blowout quarterly results on Wednesday, boosting investor confidence in tech and AI investments. Meanwhile, Trump intensified his trade war with Canada a day ahead of his tariff deadline, saying it would be "very hard" to make a deal with Canada after it gave its support to Palestinian statehood. If no agreement is reached by the deadline, Trump is set to impose a 35% tariff on all Canadian goods not covered by the U.S.-Mexico-Canada trade agreement. In commodities, oil prices edged lower and U.S. copper prices plunged to their biggest one-day decline on record on Thursday, while gold prices rose more than 1%. In corporate news, Canadian oil and gas producer Cenovus Energy (CVE.TO) , opens new tab posted a fall in second-quarter profit. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report CA/ Reuters global stocks poll for Canada , Canadian markets directory https://www.reuters.com/markets/europe/tsx-futures-rise-meta-microsoft-results-lift-sentiment-trade-deadline-looms-2025-07-31/

2025-07-31 11:09

July 31 (Reuters) - U.S. utility Xcel Energy (XEL.O) , opens new tab on Thursday reported a 47% rise in second-quarter profit, helped by higher revenue through rate hikes, even as rising interest, depreciation and operations costs partially offset the gains. Xcel was able to bring in more revenue through regulator-approved rate hikes in the quarter, helping it cover the costs of upgrading the grid, building new power sources and funding other major projects. Sign up here. Utilities have been adding billions of dollars to their capital expenditure budgets as they field massive requests for new power capacity from new data centers needed for artificial intelligence technologies. CEO Bob Frenzel said Xcel made "considerable progress" during the quarter on investments to strengthen system reliability and serve "unprecedented growth in electric demand." "In Texas and New Mexico, we filed our recommended portfolio for nearly 5,200 MW of new generation, of which 4,500 MW will be company owned," Frenzel said. For the reported quarter, Xcel's total operating expenses rose around 5% from a year ago to $2.71 billion, while total interest charges and financing costs jumped 6.3% from a year ago to $322 million. Xcel reported a quarterly profit of $444 million, or 75 cents per share, for the three months ending June 30, higher than $302 million, or 54 cents per share, it reported last year. https://www.reuters.com/business/energy/xcel-energys-quarterly-profit-boosted-by-rate-hikes-rising-power-demand-2025-07-31/

2025-07-31 11:04

July 31 (Reuters) - Refiner HF Sinclair (DINO.N) , opens new tab beat Wall Street estimates for second-quarter profit on Thursday as higher refining margins helped offset lower throughput volumes, sending its shares about 1% higher to $43.80 in premarket trading. Top U.S. refiners were expected to post higher second-quarter profits, rebounding from first-quarter losses as stronger-than-expected diesel margins lifted earnings. The improved margins helped peers such as Valero Energy (VLO.N) , opens new tab and Phillips 66 (PSX.N) , opens new tab surpass Wall Street estimates. Sign up here. Fuel makers have seen an unexpected boost in profits from key products in recent months, offering relief after earnings retreated from 2022 highs driven by a post-pandemic demand rebound and supply disruptions following Russia's invasion of Ukraine. The company's adjusted refinery gross margin per barrel was $16.50 in the quarter, up about 46% from a year earlier. Its adjusted margin in the mid-continent region jumped about 85%, to $15.52 per barrel. The higher quarterly margins helped offset throughput volumes, which were down 2.4% at 660,640 barrels per day from a year earlier, while refinery utilization was down at 90.8% from 93.6% in the same period. The lower volumes were due to turnaround activities at its Tulsa and Parco refineries in the reported quarter, the company said in a statement. HF Sinclair reported adjusted profit of $1.70 per share for the three months ended June 30, compared with analysts' average estimate of $1.02 per share, according to data compiled by LSEG. https://www.reuters.com/sustainability/sustainable-finance-reporting/hf-sinclair-beats-second-quarter-profit-estimates-higher-refining-margins-2025-07-31/