By Marianna Parraga
Feb 9 (Reuters) - Venezuela's state oil company PDVSA has reversed most of the output cuts it had ordered at its own oilfields and joint ventures in the country's main crude region, the Orinoco Belt, boosting the nation's total production close to 1 million barrels per day (bpd), sources close to operations said.
The OPEC country had to cut back crude output, its main source of revenue, following an oil blockade in... (continue reading...)
By Will Dunham
WASHINGTON, Feb 9 (Reuters) - A fresh examination of radar data for Venus obtained by NASA's Magellan spacecraft in the 1990s indicates the presence of a large underground cavity created by a lava flow, the first subsurface feature ever detected on Earth's planetary neighbor.
Researchers said the radar data was consistent with a geological feature called a lava tube that is found in certain volcanic locations on Earth. Lava... (continue reading...)
FRANKFURT, Feb 9 (Reuters) - The European Central Bank's policy rate is at the right level as inflation is likely to settle at its 2% goal after a short-lived dip, ECB policymaker Joachim Nagel said on Monday.
The ECB unanimously kept its main interest rate unchanged at 2% last week, but some policymakers remain concerned that price growth, which eased to 1.7% last month, might weaken too much, forcing the euro zone's central bank to react.
... (continue reading...)LONDON, Feb 9 (Reuters) - Prime Minister Keir Starmer is facing calls to step down with his team in crisis over the appointment of Peter Mandelson as ambassador to the U.S. - a decision that has backfired following revelations about the depth of Mandelson's relationship with U.S. sex offender Jeffrey Epstein.
Here's what happens if Starmer resigns or faces a leadership challenge:
WHAT IF STARMER RESIGNS?
The party would... (continue reading...)
Feb 9 (Reuters) - Pent-up demand for new listings and a strong pipeline of high-profile private companies such as Elon Musk's SpaceX is setting the stage for what could be a breakout year for the U.S. initial public offering market.
Goldman Sachs predicted last week that proceeds from U.S. IPOs could vault to a record $160 billion in 2026, should the marquee names go public this year.
Market participants are also optimistic on a bigger... (continue reading...)
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