FRANKFURT (Reuters) – There is still room to lower European Central Bank interest rates further, and the 2.5% deposit rate could fall to 2% by the end of the summer, French central bank chief Francois Villeroy de Galhau told a German newspaper. The ECB has cut rates six times since last June but has given …
ECB rates could fall to 2% by end of summer, Villeroy says Read More »
(Reuters) – Shell CEO Wael Sawan said on Tuesday he expects to have updates from the arbitration process with Venture Global in the coming months. Venture Global’s failure to move to commercial operations years after it started selling superchilled gas on the spot market led to contract arbitration cases brought by some of the world’s …
Shell CEO Sawan expects progress in Venture Global arbitration in coming months Read More »
(Reuters) – BASF on Tuesday flagged a non-cash effective disposal loss of around 300 million euro ($324 million) for its first quarter earnings, following the sale of its stake in two wind farm projects in the German North Sea to Sweden’s Vattenfall. The German chemicals group said it agreed to sell back its 49% stake …
BASF flags $324 million Q1 impact from wind project sale Read More »
By Sergio Goncalves and Miguel Pereira SINES, Portugal (Reuters) – Portuguese oil company Galp Energia’s gasoline exports to the United States could be curtailed if U.S. President Donald Trump imposes tariffs on European goods, but the company is confident it can find alternative destinations. Executive Board member Ronald Doesburg, who is in charge of industrial …
Portugal’s Galp confident it will find alternative markets if US tariffs bite Read More »
Lausanne, Switzerland (Reuters) – Bank lenders to commodity trader Trafigura lost no money on the $1.1 billion Mongolia fraud discovered by the company because all losses have been absorbed by its shareholders, Trafigura Chief Executive Richard Holtum told the FT Commodities Summit. (Reporting by Robert Harvey and Dmitry Zhdannikov; Editing by David Goodman)
By Forrest Crellin PARIS (Reuters) – Bernard Fontana, France’s nominee to head state nuclear company EDF, would face a daunting to-do list if he gets the job, with his most pressing task being to conclude months of tense talks with French industry over the price of long-term power supply. A new system for French electricity …
French industry awaits shift in EDF strategy under new CEO Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Apple is set to stave off a possible fine and an EU order over its browser options on iPhones after it made changes to comply with landmark EU rules aimed at reining in Big Tech, people with direct knowledge of the matter said on Tuesday. The European Commission, …
Exclusive-Apple set to stave off EU fine into browser options, sources say Read More »
(Reuters) -UK’s Warehouse REIT said on Tuesday it was evaluating asset manager Blackstone Europe LLP’s further sweetened, final all-cash takeover proposal that values the warehousing specialist at about 489 million pounds ($633.2 million). The 115 pence-per-share proposal is a 4% increase from the previous one made jointly by Blackstone and global investment firm Sixth Street …
UK’s Warehouse REIT evaluates Blackstone’s $633 million takeover proposal Read More »
By Tim Hepher TOULOUSE, France (Reuters) – Airbus on Tuesday gave a glimpse of technologies for its next airplane, a replacement for its best-selling A320neo family due to enter service between 10 and 15 years from now. The question of when to replace the industry’s top-selling model, which competes with Boeing’s 737 MAX in the …
Airbus sets out its stall ahead of new plane development Read More »
COPENHAGEN (Reuters) – Swedish power utility Vattenfall said on Tuesday it has made a final investment decision for two wind farm projects in the German North Sea, Nordlicht 1 and 2, the first of which is expected to become Germany’s biggest offshore wind farm. Vattenfall said in a statement it had agreed to buy back …
Vattenfall to build Germany’s largest offshore wind farm Read More »
