Reuters UK Business

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Uniper boosted provisions on Thursday to repay state aid received during Europe’s energy crisis in the latest sign that re-privatisation of the German energy firm could begin next year. Bailed out by Berlin in 2022, Uniper said it had raised its provisions to 3.4 billion euros ($3.7 …

Uniper to repay $3.7 billion in state aid as stock market return nears Read More »

(Refiles to add missing word “asset” in paragraph 2) FRANKFURT (Reuters) – Uniper on Thursday said a complaint against a Russian court decision requiring the German utility to pay more than 14 billion euros ($15.3 billion) in a legal dispute with former supplier Gazprom was unsuccessful. Uniper said the awarded title allows Gazprom Export to …

Uniper: appeal against Russian court ruling fails, asset foreclosure possible Read More »

By Max A. Cherney SAN FRANCISCO (Reuters) – For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.  About seven years ago, the company had the chance to buy a stake in OpenAI, then a fledgling non-profit research …

How chip giant Intel spurned OpenAI and fell behind the times Read More »

By Lisa Pauline Mattackal and Ankika Biswas (Reuters) -The Mexican peso jumped against the dollar on Wednesday, a day ahead of key inflation data and a monetary policy decision, with most Latin America assets continuing to recover lost ground after a recent sell-off intensified at the start of the week. Mexico’s currency gained over 1%, …

Mexican peso snaps four-day loses in extended Latam asset recovery Read More »

By Sourasis Bose (Reuters) – Demecan Group, one of Germany’s largest cannabis producers, recently completed its latest round of funding, bringing its valuation close to 100 million euros ($109.24 million), a person familiar with the matter told Reuters on Wednesday. The funding round was led by Florida-based Trog Hawley Capital, marking the first institutional investment …

Cannabis producer Demecan nears 100-million-euro valuation after fresh funding, source says Read More »

(Reuters) – BHP Group, the world’s top miner, is mulling a sale of Brazilian copper and gold assets it took over as part of the buyout of smaller peer Oz Minerals, Bloomberg News reported on Wednesday, according to people familiar with the matter. BHP, which recently abandoned plans to buy out British multinational miner Anglo …

BHP mulling sale of gold, copper mines in Brazil, Bloomberg News reports Read More »

(Reuters) – Germany’s Allianz said on Wednesday that it will buy back additional treasury shares in a volume of up to 500 million euros ($546.25 million). The company has expanded the total volume of the share buybacks in the financial year 2024 to a total of 1.5 billion euros after the 500 million euro increase, it said in a statement. (Reporting …

Germany’s Allianz to buy back up to $546 million in shares Read More »

By Alexander Hübner BERLIN (Reuters) -Siemens’ supervisory board aims to speed up the transition to a technology-focused enterprise by expanding its management board to seven members from five, the company said on Wednesday. Peter Koerte, head of strategy and technology, and Veronika Bienert, head of Siemens Financial Services, will join the management board on Oct. …

Siemens expands management board as focus shifts to AI Read More »