13/08 Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) said on Monday it has acquired a 30 percent stake in Senegal's Rufisque Offshore Profond block, its first project in the West African nation.
09h51 First Direct, Metro Bank and
Nationwide Building Society came top in Britain's first
mandatory sector-wide customer surveys to help people choose the
best bank, with Royal Bank of Scotland at the bottom of the
list.. . .
09h46 Russia's President Vladimir Putin
will hold "a possible energy dialogue" amid other bilateral
issues with his Turkmen counterpart Kurbanguly Berdymukhamedov
later on Wednesday, Kremlin spokesman Dmitry Peskov told a
conference call with reporters.. . .
09h42 European shares edged up on
Wednesday, ignoring heavy losses overnight on emerging markets
as, amidst the gloom, the Turkish currency crisis seemed to ease
at least temporarily with the lira recovering from record lows.. . .
09h35 Shares in wind turbine maker
Vestas jumped 7 percent on Wednesday after the company
said a strong order intake helped it beat second-quarter profit
expectations and it launched a 200 million euro ($226.7 million)
share. . .
08h12 Car dealership firm Lookers
posted on Wednesday a 14 percent decline in first-half
adjusted pre-tax profit to 43.1 million pounds($55 million) as
British new vehicle sales fell compared to a record period last
year.. . .
07h45 The union for Chile's
Escondida, the world's largest copper mine, said on Wednesday it
will avert its planned strike to consult members about a renewed
proposal for a new labor contract from operator BHP
.. . .
07h00 Express Scripts Holding Co built
a multi-billion enterprise pressuring drug companies to lower
their prices for U.S. patients. Now it is quietly building a
side business: getting paid to help drug companies dispense a
new. . .
04h44 Credit Suisse Group AG's
Asia Pacific head of corporate communications, Sheel
Kohli, is leaving the Swiss bank after a 12-year stint, people
familiar with the move told Reuters on Wednesday.. . .
00h11 U.S. oil and gas producer Diamondback
Energy Inc on Tuesday agreed to buy shale rival Energen
Corp in an all-stock deal valued at $9.2 billion, giving
it an expanded footprint in the country's largest. . .
14/08 Kroger Co has partnered with
Alibaba Group Holding Ltd to sell nuts, supplements and
other products in China, venturing outside the United States for
the first time in what is fast becoming a fierce. . .
14/08 Royal Bank of Scotland
will pay $4.9 billion to settle U.S. claims that it
misled investors on residential mortgage-backed securities
between 2005 and 2008, the U.S. Justice Department said on
Tuesday.. . .
14/08 UK shares ended the day down 0.4
percent on Tuesday after a choppy session, weighed down notably
by lower copper prices as fallout from the Turkish lira crisis
that has rattled global markets since. . .
14/08 European shares rose slightly on
Tuesday after two days of heavy selling as investors' anxieties
over contagion from a Turkish currency crisis faded and
reassuring data from Germany helped offset the latest wobbles in
China's. . .
14/08 BT has approached Informa
chief executive Stephen Carter as a possible replacement for
Gavin Patterson and is keen to announce a new CEO by the end of
October, Sky News reported https://news.sky.com/story/bt-group-sounds-out-ex-ofcom-chief-carter-about-ceo-role-11472523.. . .
14/08 The union for Chile's Escondida mine, the
world's largest copper mine, said on Tuesday it was closer to a
contract agreement and would extend talks another day with the
company in hopes of averting. . .
14/08 Scorching weather that
parched farmland across northern Europe has also stressed sugar
beet plants and could push yields in the European Union's
harvest well below last year's bumper levels.. . .
14/08 A planned budget for the
euro zone could be integrated into the broader spending funds of
the European Union, Chancellor Angela Merkel said on Tuesday,
adding she sees no immediate need for a finance. . .
14/08 Workers at three of French oil
company Total's North Sea oil platforms will meet the
company on Thursday for further negotiations over working
conditions and are considering strike action on six different
dates in August,. . .
14/08 The risk of a no-deal Brexit
has been increasing and the European Union commission needs to
change its attitude if a deal is to be reached, British foreign
minister Jeremy Hunt said on Tuesday.. . .
14/08 Clouds are gathering over the
outlook for the oil market, as trade tensions and rising crude
supply threaten to swamp demand growth, but some of the world's
most prominent energy investors are convinced the. . .
14/08 British home improvement retailer
Homebase said on Tuesday it planned to close 42 stores, putting
1,500 jobs at risk, with new owner Hilco Capital seeking to
reduce its cost base in a brutal trading. . .
14/08 Britain's biggest banks are
planning to send personalised spending alerts and in some cases
money management advice to their mobile banking customers as
they strive to shore up brand loyalty in the face of. . .
14/08 Shares in German meal-kit delivery firm
HelloFresh slumped on Monday after it said it no
longer expected to break even in the fourth quarter of this year
as it plans to invest margin profits. . .
14/08 Chilean copper producer
Antofagasta said first-half core earnings fell 16.2
percent from a year earlier, citing weaker ore quality, and said
trade tensions clouded the broader market outlook in the short
term.. . .
14/08 Private equity firm Bain Capital has
agreed to buy esure for 1.21 billion pounds ($1.55
billion), in a deal that gives investors in the British insurer
a 37 percent premium on the share price. . .
14/08 Japanese utilities and global
mining giant Glencore have settled an Australian
thermal coal import contract for April 2018-March 2019 at $110 a
tonne, according to several people with knowledge of the matter.. . .
14/08 Poland's gross domestic product
grew by 5.1 percent year-on-year in the second
quarter, outperforming other post-communist European Union
members thanks to robust private consumption and reviving
investments.. . .
14/08 The growth outlook for the German
economy has become more clouded due to trade-related
uncertainties, the ZEW research institute said on Tuesday after
its survey showed German investor morale improved more than
expected in August.. . .
14/08 Germany's economic upswing is set
to continue due to vibrant domestic demand and higher investment
but the trade dispute with the United States is clouding the
growth outlook, the Economy Ministry said on Tuesday.. . .
14/08 Economic growth in the
Netherlands strengthened to 0.7 percent on a quarterly basis in
the second quarter, helped by stronger exports and a
construction boom, Statistics Netherlands (CBS) said on Tuesday.. . .
14/08 RWE sold the bulk of
its power generated from nuclear and brown coal-fired plants
from 2018 and the following three years at prices well below
current levels, company data showed on Tuesday.. . .
14/08 French EU-harmonised inflation rate in July
reached its highest level since March 2012, coming in at 2.6 percent, according
to final data from the INSEE national statistics office, which confirmed earlier
forecasts.. . .
14/08 Chinese ecommerce firm JD.com
has agreed a deal with Unilever to move products
like Lipton's tea and Lux soap between warehouses across China
as the consumer goods firm looks to expand sales in more. . .
14/08 Chinese state-run oil and
chemicals group Sinochem is in advanced talks to transfer its
33.6 percent stake in a debt-laden refinery to state giant
PetroChina, part of Sinochem's plan to shed non-core
assets ahead of. . .
14/08 France's ILO unemployment rate
decreased slightly to stand at 9.1 percent in the second
quarter, compared to 9.2 percent in the previous quarter, data
from the INSEE national statistics office shows.. . .
14/08 The union at the world's largest
copper mine, BHP's Escondida deposit in Chile,
agreed to extend government-mediated talks with company
management late on Monday, suspending its plans for a potential
strike.. . .
14/08 Japanese government bond prices
dipped on Tuesday as risk aversion in the broader financial
markets triggered by concerns over Turkish lira seems to have
settled for now, reducing investor demand for safe-haven debt.. . .
14/08 Chinese property
developer Greenland Holdings Corp said on Tuesday
that it will purchase a 65 percent stake in government-owned
Tianjin Construction Group for 1.49 billion yuan ($216.17
million) as part of state-owned enterprise reform.. . .
13/08 Banks dragged European shares
down on Monday as the Turkish currency crisis shook investor
confidence in lenders exposed to the country, while
pharmaceuticals group Bayer sank 11 percent after its subsidiary
Monsanto lost a key. . .
13/08 Chile's copper industry on Monday braced
for the announcement of a potential strike at the world's
biggest copper mine, Escondida, as government-led mediation is
expected to close by day's end.. . .
13/08 Croatian food producer and
retailer Agrokor, which is in the process of being
taken over by its creditors, reported a big rise in first-half
core earnings on Monday, as cost cuts helped to offset. . .
13/08 Britain's esure is in advanced
talks over a possible 1.17 billion pound ($1.49 billion) bid
from Bain Capital Private Equity, the insurance company said on
Monday, sending its shares more than 30 percent higher.. . .
13/08 An English appeals court has
allowed a Moldovan businessman to drop a legal case against
Kazakhstan, with both sides claiming tactical victories in a
complicated legal battle that involves over $6 billion in frozen
Kazakh. . .
13/08 Kuwait's Agility has
teamed up with New York-based Centerbridge Partners for its bid
to acquire all or part of stricken Middle East private equity
firm Abraaj, according to a finance source.. . .
13/08 Barclays has begun
shifting direct ownership of its French, German and Spanish
branches from a British-based entity to its Irish bank,
according to sources with direct knowledge of the plans, ahead
of Britain's exit from. . .
13/08 Shares in German meal-kit delivery firm
HelloFresh slumped on Monday after it said it no
longer expected to break even in the fourth quarter of this year
as it plans to invest margin profits. . .
13/08 China stocks ended lower on
Monday, but managed to recoup most of their earlier losses aided
by gains in shares of tech firms.
** The blue-chip CSI300 index fell 0.4 percent to
3,390.34 points while. . .
13/08 Algeria has been trying to
attract more investment to its vital oil and gas sector. Here
are some of the key developments since Abdelmoumen Ould Kaddour
took over as CEO of state energy firm. . .
13/08 Australian shares dipped on Monday as
banks declined ahead of quarterly performance updates later in
the week, while the escalating trade dispute between the United
States and China curbed commodities prices.. . .
12/08 A group of British lawmakers has
criticised the Financial Conduct Authority (FCA) for not taking
further action against Royal Bank of Scotland Group Plc
after an investigation into the bank's treatment of business
customers.. . .
12/08 The next chief executive of
Air-France-KLM must not be beholden to external
interests, said a senior French pilot on the group's board of
directors, criticising the possible choice of Air Canada's chief
operating officer as. . .
12/08 The pensions of 9,000 employees
of collapsed British department store chain BHS were secured on
Sunday after a specialist insurer announced an insurance buyout
of the firm's 'BHS2' scheme covering 800 million pounds ($1
billion). . .
12/08 China Huarong Asset Management
Co, one of China's four state-owned bad loan managers,
said in a profit warning on Sunday it expected to report "a
prominent decrease" year-on-year in net profit for the first. . .
11/08 France deems unacceptable a
European Commission proposal to exclude French ports from a
re-routing of a strategic trade corridor between Ireland and
mainland Europe after Brexit, the government said.. . .
11/08 Thyssenkrupp needs
a broad overhaul in strategy carried about by a new external
chief executive, as mid-term targets announced this week will
not be enough to put the German group back on track, according
to. . .
10/08 Crude oil prices rose more than
1.0 percent on Friday as U.S. sanctions against Iran looked set
to tighten supply, but futures contracts posted a weekly decline
as investors worried that global trade disputes. . .
10/08 The White
House said on Friday the United States strongly condemned
Russia's use of chemical weapons against a former Russian agent
in Britain, two days after the U.S. State Department announced
sanctions over the move.. . .
10/08 Sports Direct, the
British sportswear retailer controlled by tycoon Mike Ashley,
has snapped up House of Fraser from the department store group's
administrators for 90 million pounds ($115 million).. . .
10/08 Romania's Labour Ministry has
drafted a plan to more than double state pensions over the next
four years for the country's 5.2 million retirees, Minister
Olguta Vasilescu said on Friday, a proposal critics deemed
unrealistic.. . .
10/08 Oil prices have stalled over the
last two months as the prospect of tough sanctions on Iran’s
exports from November is offset by concerns about a slowdown in
global economic growth later in 2018. . .
10/08 Ukrainian farmers have already
harvested 23.98 million tonnes of wheat from 96 percent of the
planted area and the final crop figure is likely to exceed the
previously expected 24 million tonnes, data from. . .
10/08 Drought and a heatwave that
scorched fields in northern Europe may cut the European Union’s
wheat export surplus and the bloc will need to consume more of
its own grains, experts said on Friday.. . .
10/08 Favourable prospects for maize in
southern Europe could help offset damage from drought and
heatwaves further north, but the EU is still expected to import
a record amount to feed livestock following a poor. . .
10/08 The European Central Bank will
restrict Greek banks' access to its cheapest funding operations
from Aug 21, it said on Friday, a move that could increase costs
for lenders but may still help shore. . .
10/08 Ryanair endured
its worst one-day strike on Friday after a walk-out by pilots in
five European countries disrupted the plans of an estimated
55,000 travellers with the budget airline at the height of the
summer. . .
10/08 Russian Finance Minister Anton
Siluanov said on Friday the government would draw up a report
on the revenue of commodities firms after the Kremlin approved
discussion of a proposal to raise additional revenue. . .
10/08 The Russia-led Nord Stream 2
consortium said on Friday it has applied to Denmark for an
alternative gas pipeline route through the Baltic Sea that would
avoid the Nordic state's territorial waters.. . .
10/08 In a suburban Minneapolis laboratory, a
tiny company that has never turned a profit is poised to beat
the world's biggest agriculture firms to market with the next
potential breakthrough in genetic engineering -. . .
10/08 Vladimir Putin has ordered that a
proposal to raise 500 billion roubles ($7.5 billion) a year from
metal and mining firms be looked at, but the Russian president
has not decided whether to approve. . .
10/08 British power generator Drax
is trialing technology to help it capture its carbon
dioxide (CO2) emissions, which could then be used to keep the
fizz in the country's drinks, it said on Friday.. . .
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