(Reuters) -Shell CEO said on Friday he would rather buy back more of his company’s own shares than launch a takeover bid for rival oil major BP, the Financial Times reported. “We will always look at these things, but you are also looking to see what is the alternative. Right now, buying back Shell [shares] …
Shell CEO prefers share buybacks over a bid for BP, FT reports Read More »
LONDON (Reuters) – Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the United Nations’ Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged …
World food prices increase in April, UN’s FAO says Read More »
BRUSSELS (Reuters) -Arbitrators asked to settle a dispute between Britain and the European Union over post-Brexit fishing rights have given a mixed ruling, the Permanent Court of Arbitration said on Friday. The case, which would complicate Britain’s planned “reset” of relations with the bloc, concerned whether a British ban on fishing sandeels in its North …
Arbitrators issue mixed ruling in EU-UK fishing rights dispute Read More »
By Lawrence White and Sinead Cruise LONDON (Reuters) -Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international banks to provide the medium term outlook effectively, HSBC Chairman Mark Tucker said on Friday. Speaking at the bank’s annual shareholder meeting in London, a day after it announced …
HSBC says trade turmoil poses serious risks to global growth Read More »
(Reuters) -Volkswagen on Friday said its first-quarter operating profit for the core brand group, which includes its best-selling VW brand, declined by 46.3%, impacted by EU carbon provisions and write-downs on inventory related to U.S. tariffs. The operating profit for the core brand group fell to 1.12 billion euros ($1.27 billion) from 2.08 billion a …
Volkswagen core brand group profit falls on EU carbon provision, US tariffs Read More »
ATHENS (Reuters) -Greece has approved an international tender for hydrocarbon exploration in four blocks in the Mediterranean Sea, following an expression of interest by Chevron and Helleniq Energy, the energy ministry said on Thursday. Greece this week issued a ministerial decision to launch an international tender after it accepted Chevron’s interest for two blocks south …
Greece approves tender for hydrocarbons search in four offshore blocks Read More »
By Selena Li and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Standard Chartered said on Friday uncertainty created by the impact of trade tariffs boosted its clients’ activity in the first quarter but warned that major deals could be put on hold if the trade tensions persisted. The bank’s cautious stance provided more evidence of how the …
StanChart cautious on tariff impact after strong first quarter Read More »
By Lucy Raitano (Reuters) -Sterling edged up against a weaker dollar on Friday, staying near a three-year high scaled earlier in the week as the U.S. currency lost ground over U.S. President Donald Trump’s announced sweeping tariffs. At 1018 GMT, the pound was up 0.1% versus the dollar to 1.3292, though it lost a little …
Sterling edges up against weaker dollar ahead of key U.S. data Read More »
By Balazs Koranyi FRANKFURT (Reuters) -Euro zone prices rose more than expected last month and underlying price pressures accelerated, an unwelcome trend that is still not expected to prevent another interest rate cut to insulate the economy from the fallout of a global trade war. Inflation in the 20 nations sharing the euro currency held …
Euro zone core inflation jump not seen preventing rate cut Read More »
FRANKFURT (Reuters) -Germany’s Sefe, the former Gazprom division nationalised during Europe’s energy crisis, has repaid 450 million euros ($510 million) in state aid received as part of its 6.3-billion-euro bailout, it said on Friday. The news means that the German government has now recouped nearly a fifth of the close to 20 billion euros it …
Bailed-out German energy firm Sefe repays $510 million in state aid Read More »
