MOSCOW (Reuters) -Russia’s budget deficit is projected to be 1.5% of gross domestic product (GDP) in 2025, three times the government’s target, as the country prepares for a prolonged period of low global oil prices, a Reuters poll of economists showed on Wednesday. Oil and gas revenue is a crucial source of cash for the …
Russia’s 2025 budget deficit seen rising to 1.5% of GDP because of cheaper oil Read More »
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -RWE’s municipal shareholders, the biggest investor bloc in Germany’s top power producer, are opposed to calls for more share buybacks, including from activist investor Elliott, saying they would drain cash needed for renewable investments. The rare comments by the Association of Municipal RWE shareholders (VkA), which together …
Exclusive-RWE’s top shareholder group opposes call for more share buybacks Read More »
By Zaheer Kachwala (Reuters) -Polestar paused its 2025 forecast on Wednesday as it braces for a potential hit from sweeping tariffs that threaten to roil supply chains and push up car prices, sending the U.S-listed shares of the Swedish electric-vehicle maker down 6%. The company reported strong first-quarter sales earlier this month, but CEO Michael …
EV maker Polestar pauses annual forecast amid tariff uncertainty Read More »
MOSCOW (Reuters) – Russian energy giant Gazprom swung to a full-year 2024 net profit of 1.2 trillion roubles ($14.76 billion) from previous year’s loss thanks to an improved gas business and rising interest income from financial investments, the company said on Wednesday. Gazprom posted a net loss of almost $7 billion for 2023, its first …
Russia’s Gazprom returns to annual profit in 2024, earning $14.8 billion Read More »
By Chandini Monnappa (Reuters) -British consumer healthcare group Haleon on Wednesday highlighted an uncertain demand outlook, particularly in the United States, but was confident about meeting its full-year targets due to strong performance in its other markets. Companies around the world are assessing the potential impact of U.S. President Donald Trump’s tariffs, with some executives …
Haleon confident of meeting 2025 targets despite US demand uncertainty Read More »
By Aditya Soni (Reuters) -Super Micro Computer shares tumbled 18% on Wednesday after the server maker slashed its revenue forecast, the latest blow to the former AI darling trying to regain investor confidence following late filings and short-seller attacks. The company blamed the cut on delays in purchases from customers, fanning worries that big technology …
Super Micro slumps on forecast cut, analysts downplay broader AI demand concerns Read More »
By Pritam Biswas (Reuters) -Visa beat Wall Street estimates for quarterly profit on Tuesday, as the world’s largest payment processor benefited from a steady rise in card payment volumes and the company unveiled a $30 billion share repurchase plan. Payments volume — a gauge of overall consumer and business spending on Visa’s network — jumped …
Visa beats profit estimates on strong card spending volumes, plans $30 billion buyback Read More »
By Balazs Koranyi FRANKFURT (Reuters) -The euro zone economy grew faster than expected in the first quarter while inflation declined, indicating that the bloc started the year on an upbeat note before successive blows from the U.S. trade war, a surging euro and deteriorating sentiment. The world’s second-largest economic bloc has barely grown over the …
Euro zone economy expands faster than forecast but faces trade war hit Read More »
PARIS (Reuters) -A final investment decision on TotalEnergies’ new Cyprus gas project could come in 2026, CEO Patrick Pouyanne told analysts on Wednesday, with deliveries expected in 2028 or 2029. The French oil major is developing Block 6 at the Cronos gas field in a 50-50 joint venture with Italy’s Eni, which will operate the …
Final investment on Cyprus gas project could come next year, says TotalEnergies CEO Read More »
By Gianluca Lo Nostro (Reuters) -European satellite company SES is in talks with EU and other governments about complementing services provided by Elon Musk’s Starlink, its CEO told Reuters, as the region looks for home-grown options for its space-based communications. As tensions with the U.S. over Ukraine escalated, the European Union in March contacted the …
Satellite firm SES in talks with EU over long-term option to complement Starlink Read More »
