
Egypt Plans More LNG Deals, Driving Global Competition for Fuel
The nation is planning to buy LNG beyond the sizable volumes it's already agreed to until 2028, as it looks to meet surging demand and fill a gap left by declining local output, according to people familiar with the situation. It has signed 10-year deals for import infrastructure and is in talks with Qatar over long-term gas supply contracts.

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Yahoo
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CF Industries misses quarterly profit estimates on higher costs; shares fall
(Reuters) -CF Industries missed estimates for second-quarter profit on Wednesday, as higher costs weighed on the fertilizer firm, sending its shares down 4.3% in extended trading. The company's quarterly cost of sales was up about 27% at $1.14 billion from a year earlier on higher natural gas costs, which were up 77% at $3.36 per million British thermal units. U.S. natural gas prices, a key feedstock for nitrogen fertilizers, rose in the second quarter as power demand spiked on the back of energy-hungry data centers, escalating production costs for fertilizer producers. The Northbrook, Illinois-based company reported an adjusted profit of $2.35 per share for the three months ended June 30, compared with the analysts' average estimate of $2.54, according to data compiled by LSEG. Crop prices — including those of soybean, wheat and corn — have been falling in recent quarters due to oversupply and weakening demand, forcing farmers to cut back spending on fertilizers, affecting companies such as CF Industries. Peer Mosaic also missed second-quarter profit estimates on Tuesday, as higher costs weighed against gains from stronger potash prices and robust sales in Brazil. CF Industries' quarterly net earnings attributable to common stockholders fell about 8% to $386 million from a year earlier. The results come at a time when the agrichemical industry is bracing itself for a potential fallout from U.S. President Donald Trump's sweeping tariffs on most imports, which are expected to lower demand and curb farmers' spending. Sign in to access your portfolio
Yahoo
42 minutes ago
- Yahoo
Darwin Nunez will receive staggering salary hike upon Liverpool exit
Uruguayan forward Darwin Nunez is officially an Al-Hillal forward after Liverpool agreed to sell the mercurial 26-year-old to the Saudi Arabian side for €53 million ($61.8 million) plus add-ons. Nunez entered the season on the same contract and wage structure as when he signed with Liverpool for an initial fee of £64.1 million ($85.5 million) from Benfica in 2022. With Al-Hillal, the 26-year-old is set to see his new contract nearly triple from around a reported £140,000-a-week ($147,000) with the Reds to £400,000-a-week ($534,000) with his new side, according to TalkSport. Per Spotrac, Nunez ranked 10th amongst the top Liverpool earners last season, behind the likes of the since-departed Trent Alexander-Arnold. READ MORE: Darwin Nunez fee agreed as Liverpool set to take hit on transfer exit READ MORE: Liverpool transfer news LIVE: Isak misses training, Barcola move 'considered', Nunez exit looms Al-Hillal reportedly bid a higher quantity for Nunez in the January transfer window, but Reds boss Arne Slot was not keen to use a key attacking option with his side still in a title race at that point. He was linked to Napoli, the reigning Serie A champion, earlier in the 2025 summer window. Antonio Conte's spendthrift side ultimately decided to stay within the country for a forward, plucking Lorenzo Lucca from Udinese. Nunez will finish his Liverpool career with 40 goals in 143 competitive appearances for the side. Since his 2022 arrival, he's hit the post more times (14) than any other player in the Premier League. The Uruguayan certainly had a penchant for scoring timely winners, highlighted by his stoppage time stunners on the road against Newcastle and Nottingham Forest during the 2023/24 campaign. Nunez will join an Al-Hillal side possessing brand names from across Europea over the last half-decade, including the talented Serbian duo of striker Aleksandar Mitrovic and midfielder Sergej Milinkovic-Savic. The Saudi outfit has already made a big splash in the 2025 summer window, signing French international fullback Theo Hernandez from AC Milan. Liverpool has also replaced Nunez with forward Hugo Ekitike from Eintracht Frankfurt and may put a cherry on top of an expensive window with the further signing of Alexander Isak from Newcastle.


Bloomberg
44 minutes ago
- Bloomberg
Japan's Political Woes Spur Caution Over 30-Year Bond Auction
Japan's mounting political and fiscal uncertainties risk weighing on demand at an auction of 30-year government debt on Thursday as fragile investor sentiment keeps yields elevated. The sale will serve as a test of the market's appetite for long-dated debt following the ruling Liberal Democratic Party's defeat in last month's upper house election. While the previous 30-year offering in July cleared smoothly, traders are bracing for a more cautious outcome this time as speculation swirls over Prime Minister Shigeru Ishiba's potential resignation.