Europe Business

Ghana's GDP growth to slow, budget deficit to rise in 2020

17h41 Ghana expects economic growth to slow and the budget deficit to rise next year as oil production drops off sharply, the finance minister said on Wednesday.  Full story

FTSE dips on murky trade view; Tullow tanks on mid-caps

19h01 London's main bourse retreated on Wednesday as traders grew weary of mixed trade signals from U.S. President Donald Trump, while mid-caps slid on the back of weak economic data and a plunge in Tullow. . .  Full story

Gold rises as trade deal doubts pressure equities

18h42 Gold gained on Wednesday as U.S. President Donald Trump's speech on the trade ties with China diminished optimism for a deal and dented risk appetite.. . .  Full story

Spain's prosecutor asks court to put former BBVA chairman "FG" under investigation

18h41 Spain's anti-corruption public prosecutor asked the High Court on Wednesday to put the former chairman of BBVA, Francisco Gonzalez, under investigation as part of a probe into an alleged spying case, two judicial sources said.. . .  Full story

Royal Mail wins bid to block potential strikes, union says

18h04 The Communication Workers Union said on Wednesday that British postal company Royal Mail had won a high court injunction to block potential strikes by the union.. . .  Full story

SoftBank's Z Holdings and Line eyeing merger - sources

17h58 SoftBank's Z Holdings Corp is in talks to merge with messaging app operator Line Corp, two sources said on Wednesday, the investment company's latest bet on a struggling tech firm.. . .  Full story

Urbanisation and rising energy consumption: Kemp

17h49 China's urbanisation over the last four decades has been described as the largest human migration in history, with several hundred million people relocating from rural villages to towns, cities and supercities.. . .  Full story

Brexit drove Tesla to pick Berlin over Britain for new factory - report

17h46 Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla because of Brexit, Chief Executive Elon Musk said in remarks reported on Wednesday.. . .  Full story

Copper slips after disappointment over Trump speech

17h29 The price of copper and other base metals slipped on Wednesday after U.S. President Donald Trump threatened more tariffs on China, disappointing investors keen for a trade deal.. . .  Full story

Woodford analysis suggests investors may lose a third of their money

17h21 Investors in British money manager Neil Woodford's flagship fund could lose more than 1 billion pounds, four times more than had it reopened in December, according to estimates made by his firm before the shock. . .  Full story

Oil recoups losses as OPEC, U.S. Fed see robust economy

17h07 Oil prices reversed early losses on Wednesday after OPEC said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020.. . .  Full story

Norway's DNB to investigate allegedly improper Icelandic payments to Namibia

16h44 Norwegian bank DNB is investigating media allegations that an Icelandic company transferred money via the bank to bribe Namibian officials, DNB said on Wednesday.. . .  Full story

Ukrainian lawmakers vote to lift ban on sale of farmland by 2020

16h42 Ukrainian lawmakers voted on Wednesday to remove a ban on the sale of farmland for the first time in nearly two decades, a move supported by the country's foreign backers that risks a political. . .  Full story

Biotech-for-hire PeptiDream charts new path and becomes short target

15h58 The promise of PeptiDream Inc's drug-discovery technology and its lucrative research-for-hire contracts have made it a darling of the Tokyo stock market. Now, those gains have made it a target for short-seller Muddy Waters.. . .  Full story

UBS boss Ermotti fears Europe's banks 'too small to survive'

15h49 UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive.. . .  Full story

Winning beats Fortescue to Guinea iron ore deposit with $14 bln deal

15h38 A consortium of Guinea's Societe Miniere de Boke (SMB) and Singapore's Winning said on Wednesday it won a tender to develop blocks 1 and 2 of Guinea's giant Simandou iron ore. . .  Full story

Serbia's economy grows 4.7% in Q3 - PM Brnabic

15h15 The Serbian economy grew 4.7% in the third quarter of 2019, Prime Minister Ana Brnabic said on Wednesday, mainly on the back of investment inflows and falling unemployment, despite a slowdown in European Union. . .  Full story

EXCLUSIVE-Comstock in talks to buy Chesapeake's Haynesville assets - sources

14h51 Dallas Cowboys owner Jerry Jones' Comstock Resources is in talks to buy Chesapeake Energy Corp's Haynesville shale assets in Louisiana, according to two people familiar with the matter.. . .  Full story

UK's SSE warns on Labour's energy nationalisation policy

14h45 British utility SSE on Wednesday warned of challenges for energy firms due to the election next month and opposition Labour Party plans to nationalise some energy infrastructure, as it reported a higher first-half adjusted pretax. . .  Full story

Portugal to raise minimum wage to 635 euros, still lowest in western Europe

14h43 Portugal's minority Socialist government presented on Wednesday a proposal to raise the monthly minimum wage by nearly 6% to 635 euros ($700) next year, remaining the lowest in western Europe.. . .  Full story

European steel leaders seek scrutiny of Chinese British Steel bid

14h32 European steel lobby Eurofer plans to raise concerns over Chinese group Jingye's proposed purchase of British Steel with the European Commission, saying the deal may flout rules on fair competition.. . .  Full story

Takeaway CEO has no plans to raise $5.5 bln Just Eat bid

14h17 Chief Executive Jitse Groen said on Wednesday he did not intend to increase a 4.3 billion pound ($5.5 billion) offer for Britain's Just Eat, despite a higher unsolicited bid from larger rival Prosus.. . .  Full story

Unilever appoints Nils Andersen as chairman, replacing Dekkers

14h06 Unilever named Danish businessman Nils Andersen as chairman on Wednesday, hoping his experience of consumer goods and logistics will help the group navigate a slowdown in its biggest markets and re-energise its foods business.. . .  Full story

EDF wants new-model nuclear reactor to be competitive with gas

14h02 French state-owned utility EDF wants an optimised version of its flagship EPR nuclear reactor to be cost-competitive with gas-fired power stations, its CEO said on Wednesday.. . .  Full story

Netherlands cuts speed limit to reduce nitrogen pollution

13h54 The Netherlands will cut its nationwide speed limit to a maximum 100 km per hour (62 mph) as part of a package of emergency measures intended to reduce nitrogen pollution, Prime Minister Mark Rutte. . .  Full story

UK's Centrica wins appeal against Ofgem over energy price cap -Ofgem

13h52 British utility Centrica won an appeal in the High Court on Wednesday against the way in which energy regulator Ofgem calculated a portion of its cap on energy prices, Ofgem said.. . .  Full story

Wizz Air raises profit forecast, capacity outlook as rivals struggle

13h08 Wizz Air lifted the bottom end of its annual profit forecast and further raised its capacity growth outlook, as the budget airline flew more passengers and curbed costs in the first-half, while struggling rivals. . .  Full story

ABN Amro promises not to pass on cost of negative interest on deposits up to 100,000 euros

12h58 ABN Amro on Wednesday became the first of the three big Dutch banks to bow to political pressure and promise not to apply negative interest rates to savings accounts of less than 100,000 euros. . .  Full story

UK inflation dips to 3-year low, adding to BoE rate cut talk

12h27 British inflation fell to its lowest level in nearly three years in October, official data showed on Wednesday, adding to expectations that the Bank of England's next move might be an interest rate cut.. . .  Full story

China's biggest automaker SAIC aims to triple overseas sales by 2025

12h22 China's largest carmaker SAIC Motor wants to triple its overseas auto sales to 1 million units by 2025, a senior company official said on Wednesday, as more Chinese auto manufacturers seek sales growth globally.. . .  Full story

Tullow Oil shares sink with outlook for production, heavy crude in Guyana

12h13 Tullow Oil cut its outlook for production and cash flow because of persistent problems in Ghana, while revealing that the quality of oil recently discovered in Guyana was heavy in nature, sending its shares down. . .  Full story

Frustration, safety fears at finance firms as protests paralyse Hong Kong

12h10 Finance firms in Hong Kong urged staff on Wednesday to seek safety or work from home as anti-government protests paralysed the city's business district for a third day in one of the biggest disruptions. . .  Full story

EDF says restart of Cruas reactors could be delayed further

12h10 French utility EDF said on Wednesday that the restart of three reactors at the Cruas nuclear power plant, scheduled for Nov. 15, could be delayed further.. . .  Full story

European shares fall on Hong Kong unrest, Trump's disappointing trade comments

11h39 European shares retreated from four-year highs on Wednesday, as a highly anticipated speech by U.S. President Donald Trump gave scant clues on the progress of a trade deal with China, and as anti-government protests. . .  Full story

UK inflation dips to near three-year low as utility price cap kicks in

11h30 British inflation fell to its lowest level in nearly three years in October, official data showed, giving households a bit of a spending boost before next month's election.. . .  Full story

Tullow Oil cuts oil output, cash forecast for 2019 as Ghana issues persist

11h17 Africa-focussed Tullow Oil on Wednesday cut its 2019 oil production and free cash flow forecast for the year because of ongoing problems at its Ghana fields, sending its shares 14% lower.. . .  Full story

Real estate firm British Land's profit, asset value drop

10h23 Real estate firm British Land Co on Wednesday reported a fall in profit and the value of its assets in the first half of the year, as a raft of retail store closures continue. . .  Full story

OneSavings, Charter Court grow loan books in first result after merger

10h08 OneSavings Bank Plc and Charter Court Financial on Wednesday said they expect to report bigger loan portfolios for the full year, as both the lenders' loan books swelled in their first set of results. . .  Full story

DBAY Advisors proposes buying majority stake in Eddie Stobart

10h07 DBAY Advisors Limited has proposed to buy a controlling stake in Eddie Stobart Logistics Plc, the logistics firm confirmed on Wednesday.. . .  Full story

Mulberry's losses widen as UK market deteriorates

09h55 British luxury brand Mulberry reported a wider first-half loss due to investment costs and a tough trading environment in its home market, but forecast a better second half.. . .  Full story

UK's Taylor Wimpey sees strong demand for homes despite Brexit gloom

09h48 Britain's third-largest homebuilder Taylor Wimpey Plc said it still sees strong demand for its homes in the second half, even as the market grapples with Brexit worries and rising costs.. . .  Full story

J D Wetherspoon first-quarter sales rise, sees in-line full year performance

09h47 Pub operator J D Wetherspoon Plc posted higher first-quarter total sales on Wednesday, as customers spent more money at its nearly 900 pubs across Britain and Ireland.. . .  Full story

Battle for Mediobanca: Italy's richest man takes on seasoned CEO

09h00 One comes from a wealthy family, attended Milan's best schools and has spent all his career engineering mergers at Mediobanca, Italy's most influential investment bank.. . .  Full story

Protesters block central Hong Kong streets as chaos grips city

08h49 Hong Kong anti-government protesters paralysed parts of the Asian financial hub for a third day, with some transport links, schools and many businesses closing after an escalation of violence.. . .  Full story

Deutsche Wohnen makes voluntary moves on affordable housing

08h32 Deutsche Wohnen, the property company whose shares have been hit by a plan by the Berlin city government to freeze rents in the German capital, said on Wednesday it is taking voluntary steps to. . .  Full story

Lithium producers hit by first big downturn of electric vehicle era

08h00 The burgeoning lithium industry, which produces the powerhouse metal used to make electric vehicle (EV) batteries, has entered its first major downturn, an unwelcome bruising for investors eager to help combat climate change.. . .  Full story

Chances of no-deal Brexit fall as PM Johnson's hopes rise

03h05 The chances of a no-deal Brexit fell in the last month because UK Prime Minister Boris Johnson looks set to win a Dec. 12 election and secure the backing in parliament he needs to. . .  Full story

Australia's Port Hedland iron ore shipments to China slip in October

02h00 Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, slipped 0.7% in October from a month earlier, port data showed on Wednesday.. . .  Full story

-Belgium's Euronav picks Malaysia port as eastern supply base for marine fuels

01h47 Belgian tanker operator Euronav signed a service agreement on Tuesday making Malaysia's Linggi Port its supply base providing low-sulphur marine fuels and other services for ships plying East-of-Suez routes, the port operator said.. . .  Full story

Top Merkel ally slaps down finance minister on banking union

00h06 German Finance Minister Olaf Scholz's proposal last week for a bank deposit protection scheme covering the entire European Union is not the joint position of the government, the leader of Chancellor Angela Merkel's conservatives said. . .  Full story

French nuclear power generation fell 7.6% in Oct. -EDF

12/11 Nuclear electricity generation from French reactors operated by utility EDF fell 7.6% year-on-year in October to 29.2 terawatt hours (TWh) on the back of increased reactor outages, the company said on Tuesday.. . .  Full story

Mediaset could increase stake in ProSieben further -source

12/11 Italy's top commercial broadcaster Mediaset could lift its stake in German peer ProSiebenSat.1, a source with knowledge of the matter said on Tuesday but the group's chief financial officer ruled out a full takeover.. . .  Full story

Gold prices dip on upbeat appetite for riskier assets

12/11 Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed to provide any information on the trade deal with China. . .  Full story

Hong Kong universities become 'battlefields' as citywide violence spreads

12/11 Police in Hong Kong battled pro-democracy protesters at several university campuses in sometimes savage clashes, as parts of the city were paralysed including Hong Kong's Central financial district that was tear-gassed for a second day. . .  Full story

Thyssenkrupp's elevator business gets at least 3 bidders-sources

12/11 Thyssenkrupp has received bids from at least three major bidding groups for a majority stake in Thyssenkrupp's elevator business, four people familiar with the matter said.. . .  Full story

Mediobanca bets on wealth management, seeks M&A deals

12/11 Mediobanca on Tuesday defied calls from its new top shareholder for the bank to return to its investment banking roots by outlining plans to expand its wealth management and consumer credit businesses.. . .  Full story

UAE oil benchmark plan confused by Brent comment U-turn

12/11 A United Arab Emirates plan to launch its own global oil benchmark was thrown into confusion on Tuesday after comments made by its own national oil company.. . .  Full story

No more MDs or VPs: Deutsche Bank's asset management unit to abolish titles

12/11 Deutsche Bank's DWS asset management subsidiary is doing away with most titles as of next year, according to an internal memo on Tuesday.. . .  Full story

FTSE rebounds on new hopes of U.S.-China trade resolution

12/11 Renewed hopes of a U.S.-China trade resolution and a more than 3% rise in shares of telecom giant Vodafone helped London stocks bounce back on Tuesday after falls that tracked a downbeat global mood. . .  Full story

Copper weakens ahead of Trump speech on trade

12/11 Copper fell to a one-week low on Tuesday ahead of a speech by U.S. President Donald Trump in which he is expected to announce a delay in auto tariffs and provide clues about the. . .  Full story

German data, earnings nudge Europe near 4-year highs; Madrid lags

12/11 European shares climbed back to a four-year high on Tuesday as positive German investor sentiment data and a slew of upbeat earnings lifted the mood, but Spanish stocks lagged after socialist and. . .  Full story

France's EDF says no damage found so far at Cruas nuclear plant after earthquake

12/11 Checks carried out by French utility EDF at its Cruas nuclear power plant have revealed no anomalies so far, a company executive said on Tuesday, after it extended outages at three of the facility's reactors. . .  Full story

Spanish bond yields near 4-month highs on coalition concerns

12/11 Spanish government bond yields rose to near four-month highs on Tuesday after the country's Socialist party reached a preliminary coalition deal with the far-left Unidas Podemos following an inconclusive election on Sunday.. . .  Full story

Lufthansa agrees to arbitration with cabin crew, averting strikes

12/11 Lufthansa has agreed with its cabin crew labour union to enter arbitration over a wage dispute, the German airline and the union said on Tuesday, averting further strikes.. . .  Full story

Mediobanca CEO Says Generali is Protected by Italian shareholders

12/11 Mediobanca Chief Executive Alberto Nagel tells a press conference after presentation of new business plan:. . .  Full story

Nigerian 'unicorn' Interswitch sells stake to Visa

12/11 Visa Inc will buy a significant minority stake in Nigerian payments platform Interswitch, creating "an instant acceptance network across Africa" that will help drive expansion, both companies said in a statement. . .  Full story

Revolut plans to raise $500 mln next year to fund global expansion

12/11 British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expands in markets including the United States and. . .  Full story

EU to rule on $1.8 bln Korean shipbuilders deal by Dec. 17

12/11 Hyundai Heavy Industries, the world's biggest shipbuilding group, kicked off a EU regulatory process on Tuesday by seeking European Commission approval for its bid to acquire second-ranked Daewoo in a 2.1 trillion won ($1.8 billion). . .  Full story

Prosecutors seek charges against VW managers over labour bonuses

12/11 German prosecutors on Tuesday sought charges against a current Volkswagen manager as well as a former manager and two former board members, accusing them of awarding works council members inflated salaries.. . .  Full story

Chilean copper mines struggle on despite protest road blocks and shift delays

12/11 Most of Chile's copper miners said they had maintained their operations on Tuesday, albeit with some delays and sporadic unrest, amid calls for a general strike and a fresh day of social protests, unions. . .  Full story

Side effects of ECB policy becoming more tangible - De Guindos

12/11 The side effects of the European Central Bank's monetary policy are becoming more tangible, ECB Vice President Luis de Guindos said in remarks published on Tuesday, promising closer scrutiny of any adverse consequences.. . .  Full story

French Q4 GDP growth will slip to 0.2%, Bank of France estimates

12/11 The French economy should grow 0.2% in the fourth quarter, the Bank of France estimated on Tuesday, which would mark a slowdown from the third quarter as international trade disputes cloud the outlook for. . .  Full story

Pot company Cronos Group misses revenue estimates, hit by over supply

12/11 Cronos Group Inc fell short of quarterly revenue estimates on Tuesday, as the Canadian producer's revenue per gram of cannabis sold fell in a market suffering from surplus supply.. . .  Full story

EU clears Telia's $957 mln Swedish TV deal with Bonnier

12/11 Telia won conditional EU antitrust approval on Tuesday for its $957 million bid for Bonnier Broadcasting, a deal the Swedish telecoms firm hopes will help it better compete with the likes of Netflix and Amazon.. . .  Full story

Bosnia region raises $16.9 mln via 5-year bond at lower yield

12/11 Bosnia's autonomous Bosniak-Croat Federation on Tuesday raised 30 million Bosnian marka ($16.9 million) in an auction of five-year domestic bonds aimed at helping it plug budget gap and finance maturing debt, the Finance Ministry said.. . .  Full story

ArcelorMittal to halt Polish plant on Nov. 23

12/11 ArcelorMittal Poland will temporarily halt its blast furnace and steel plant in Krakow, southern Poland, on Nov. 23, due to a weakening outlook for the market, the company said on Tuesday.. . .  Full story

Kenya's Equity nine-month pretax profit jumps on lending boost

12/11 Kenya's Equity Group reported on Tuesday that its nine-month pretax profit rose to 24.78 billion shillings ($242.11 million) as it overcame the effects of an interest rate cap that slowed economic. . .  Full story

Swiss drugs group Lonza left leaderless by second CEO's sudden exit

12/11 Lonza lost its second chief executive in less than a year on Tuesday, leaving the Swiss contract drug manufacturer looking for a new leader to revamp its stagnating speciality ingredients business and build its biotech. . .  Full story

Premier Foods to launch new mini cakes as Mr Kipling re-boot pays off

12/11 Premier Foods will launch a new range of mince pies, cherry bakewells and fruit pies packaged as Mr Kipling mini cakes ahead of Christmas, after a relaunch of the popular sweet treats brand helped. . .  Full story

Ukraine anti-graft body questions former central bank deputy governor

12/11 Ukraine's anti-corruption body has questioned former central bank First Deputy Governor Oleksandr Pysaruk regarding the insolvency of VAB bank while he worked at the central bank, Pysaruk's new employer said on Tuesday.. . .  Full story

SIA shareholder Poste says listing "most likely scenario"

12/11 A possible bourse listing is the "the most likely scenario" for SIA, according to the head of Poste Italiane, a shareholder in the Italian payments group.. . .  Full story

Nissan cuts profit forecast after 70% quarterly plunge

12/11 Nissan Motor Co reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11-year low, hit by a strong yen and falling sales, and highlighting the turmoil at. . .  Full story

UK jobs fall by most in over four years as election nears

12/11 Britain's employers cut more jobs from July to September than in any quarter for four years, according to official data, which highlighted how the labour market is slowing as an election nears although the. . .  Full story

CEZ trims forecast after Q3 profit misses estimates

12/11 Czech electricity producer CEZ reported a surprisingly sharp drop in third-quarter attributable net profit after paying a refund in a court case, although accounting revisions padded year-to-date earnings and buoyed its full-year outlook.. . .  Full story

German investor sentiment rises on trade developments, ZEW reports

12/11 The mood among German investors improved more than expected in November, a ZEW survey showed on Tuesday, with the research group pointing to a more favourable outlook for Europe's biggest economy after recent developments in. . .  Full story

Britain's B&M puts loss-making German business under review

12/11 B&M European Value Retail wrote down the value of its loss-making German unit Jawoll and put it under review on Tuesday, sending shares in the British discounter sharply lower.. . .  Full story

Iliad founder ready to pour 1.4 bln euros into the telecom firm

12/11 French billionaire Xavier Niel said on Tuesday he was ready to pour 1.4 billion euros into Iliad to show his commitment to the telecoms group he founded and majority owns, despite several tough quarters. . .  Full story

RPT-COLUMN-Coal communities and the demonisation of Thatcher and Obama: Kemp

12/11 Mine closures and employment losses have left deep economic, social and political scars on the main coal-producing regions of the United States and the United Kingdom.. . .  Full story

Ireland's Hibernia REIT sees nerves about UK crashing out of EU easing

12/11 Irish property firm Hibernia REIT, which mainly leases offices in Dublin, reported a 1.4% rise in EPRA net asset value (NAV) - reflecting the value of its buildings - and raised its interim dividend. . .  Full story

"YOU? Really?": Iran's Zarif scorns EU warning over nuclear deal

12/11 Europeans have failed to fulfil their own commitments to Iran's 2015 nuclear deal, Foreign Minister Mohammad Javad Zarif tweeted on Tuesday, in response to a warning by the EU that urged Tehran to stick. . .  Full story

Morrisons lags as big UK supermarkets lose ground to discounters -Kantar

12/11 Britain's big four supermarket groups lost market share to German-owned discounters Aldi and Lidl in the latest 12-week period, with No. 4 player Morrisons the clear laggard, industry data showed on Tuesday.. . .  Full story

Electrocomponents first-half profit hurt by British Steel liquidation

12/11 Electrocomponents said it has booked asset write-downs related to the liquidation of British Steel, forcing a fall in the industrial and electronics products distributor's first-half profit, sending its shares almost 10% lower.. . .  Full story

Uniper, subject to Fortum bid, remains independent for now - CFO

12/11 German energy firm Uniper , whose top shareholder Fortum is working on a plan to get a majority, will continue to drive its strategy as an independent company, its Chief Financial Officer Sascha Bibert told. . .  Full story

FWD in insurance distribution deal with Vietcombank bank, buys venture

12/11 Insurer FWD Group has agreed to acquire a unit of Vietcombank, Vietnam's largest listed lender by market value, and forge an exclusive 15-year bancassurance tie-up with the bank, in a deal which one source said. . .  Full story

Belgium's Euronav picks Malaysia port as eastern supply base for marine fuels

12/11 Belgian tanker operator Euronav signed a service agreement on Tuesday making Malaysia's Linggi Port its supply base providing low-sulphur marine fuels and other services for ships plying East-of-Suez routes, the port operator said.. . .  Full story

Land Securities posts loss as UK store closures bite

12/11 British property developer Land Securities Group reported a pretax loss for the first half, hit by a raft of store closures as retailers face the impact of slack consumer sentiment and the shift to. . .  Full story

Nationalising Italy's Ilva steel plant would cause trouble with EU-Deputy Econ Min

12/11 Nationalising the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a "market solution" if ArcelorMittal pulls out of a contract to take over the site, Italy's. . .  Full story

Data firm Experian firms up annual goals after strong H1

12/11 Information services firm Experian Plc reported higher first-half profit on Tuesday, citing strong business in its main North American market, and said organic revenue growth would reach the upper end of its prior targets for. . .  Full story

India to invite foreign firms to invest in state-owned oil companies

12/11 International energy firms will be invited to participate in India's privatisation of state-owned oil companies, the country's Oil Minister Dharmendra Pradhan said late on Monday.. . .  Full story

Reggeborgh offers $694 mln to take Dutch builder VolkerWessels private

12/11 Dutch investor Reggeborgh on Tuesday said it wanted to buy all shares in building company VolkerWessels it does not already own, in a bid with a total value of 630 million euros ($694.3 million).. . .  Full story

Martin Gilbert joins fintech Revolut as chairman

12/11 British-based digital bank account provider Revolut has appointed former Standard Life Aberdeen co-Chief Executive Martin Gilbert as its chairman, the financial technology company said on Tuesday.. . .  Full story

Oil slips as trade worries offset Cushing drawdown

11/11 Oil prices edged lower on Monday as little progress on U.S.-China trade negotiations kept prices pressured, but bullish inventory data in the United States offered some support.. . .  Full story

Italy’s Mediaset hikes stake in ProSieben in pan-Europe TV drive

11/11 Italy's top commercial broadcaster Mediaset has raised its stake in German rival ProSiebensat.1 to 15.1% as it presses ahead with plans to create a pan-European TV platform to tackle slow growth and stiffer competition.. . .  Full story

EDF halts Cruas nuclear reactors for tests after earthquake

11/11 French utility EDF said on Monday it had temporarily stopped operating reactors 2, 3 and 4 of its Cruas nuclear plant in the Ardeche region, to carry out additional checks after the area was. . .  Full story

Gold slips to over 3-month low as equities rise on 'risk-on' sentiment

11/11 Gold fell on Monday to its lowest in more than three months, dragged below technical support as upbeat risk sentiment kept U.S. stock indexes close to record levels, while investors awaited news on the. . .  Full story

Spain's Socialists again seek to rule without majority as Ciudadanos collapses

11/11 The head of Spain's centre-right Ciudadanos party quit on Monday after heavy election losses, potentially making his party more amenable to backing a government led by the Socialists.. . .  Full story