Irish Factory Output Slumped in June as Exports to U.S. Fell
The country's Central Statistics Office on Friday said manufacturing output was 12.0% lower than in May, having risen sharply in that earlier month. Over the three months through June, output was 2.1% lower than in the first quarter.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Devon Energy Just Landed a European Jackpot -- Thanks to Centrica's Gas Grab
Centrica has just signed a 10-year deal with Devon Energy (NYSE:DVN) to lock in 50,000 MMBtu/day of U.S. natural gas starting in 2028enough for roughly five LNG cargoes a year. The volumes will be indexed to TTF, Europe's gas benchmark, not the lower-priced Henry Hub. That's a key detail. With European and Asian gas prices currently trading at about 4x U.S. rates, the spread creates strong incentive for U.S. producers to go global. This deal does exactly that for Devon. Warning! GuruFocus has detected 5 Warning Sign with DVN. For Centrica, it's part of a broader strategy that's rapidly gaining pace. After opening a New York office and inking recent long-term agreements with Petrobras and Coterra, the company is clearly positioning itself for deeper global gas integration. CEO Chris O'Shea called gas an essential transition fuel and noted that partnerships like this help Centrica secure competitively-priced supply while hedging its European LNG exposure. Devon, meanwhile, benefits from access to international markets without having to build its own export terminal or shipping fleet. This type of exposurevia long-term offtake partnersis becoming increasingly valuable as U.S. producers look to monetize the global arbitrage. And with demand staying strong across Europe, Devon's TTF-linked pricing could offer a meaningful uplift versus domestic benchmarks. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
30 minutes ago
- Bloomberg
Chips Act Fund Considered for Intel Stake
Open Interest The administration is willing to move quickly in order to bring more semiconductor manufacturing to the US as part of their AI strategy, reports Bloomberg's Ed Ludlow on 'Bloomberg Open Interest.' (Source: Bloomberg)
Forbes
30 minutes ago
- Forbes
This CEO Is Proposing A New Copyright Framework For The AI Era
| Aug 15, 2025, 10:35AM EDT During the 2025 Annual Meeting of the World Economic Forum in Davos, Switzerland, GoDigital Media Group Chairman and CEO Jason Peterson discusses with Forbes the music industry's past learnings in terms of licensing and monetizing digital content--and his blueprint for creative content to evolve alongside artificial intelligence technologies.
