(Reuters) -Frasers plans to make a mandatory offer for Norwegian sporting goods retailer XXL ASA, the British retailer said on Tuesday, just weeks after dropping its bid to buy equity it did not already own in the company. Frasers Group has been allocated 21.6 million A-shares in XXL ASA’s fully underwritten rights issue, and an …
UK’s Frasers returns to make an offer for Norwegian retailer XXL ASA Read More »
By Pavel Polityuk KYIV (Reuters) -Ukraine has bought 100 million cubic metres of U.S. liquefied natural gas in a deal between state firm Naftogaz and Poland’s Orlen, days after Kyiv declared its plan to buy large volumes of U.S. gas this year, Naftogaz said on Tuesday. U.S. President Donald Trump said he would speak to …
Ukraine buys US LNG amid Trump-Putin talks on ending war Read More »
ZURICH (Reuters) – Switzerland’s financial market regulator FINMA has granted a Swiss subsidiary of the Stuttgart Stock Exchange a licence to operate a blockchain-based trading system in the country, the unit, BX Digital, said on Tuesday. The core element of the new BX Digital trading system is direct settlement and transfer of assets via a …
Unit of Stuttgart bourse gets OK for blockchain-based trading system in Switzerland Read More »
MOSCOW (Reuters) – Russia’s sovereign wealth fund is eyeing the development of rare earth deposits in the country and wants to partner with U.S. companies, Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said on Tuesday. Dmitriev, who has also been appointed President Vladimir Putin’s envoy on international economic cooperation, was part of …
Russia’s sovereign wealth fund is eyeing rare earth projects with US companies, CEO says Read More »
By Anastasiia Kozlova (Reuters) – Swiss logistics group Kuehne und Nagel said on Tuesday it would open a new road logistics facility in Texas, close to the Mexican border, to meet growing demand for customs support between the United States and Mexico. Earlier in March, U.S. President Trump imposed 25% tariffs on all imports from …
Freight forwarder Kuehne+Nagel to open new site at Texas-Mexico border Read More »
(This story has been refiled to add a link to earnings in paragraph 5) (Reuters) – Frankfurt airport operator Fraport AG is increasingly relying on airports it manages outside Germany for revenue due to weak passenger numbers at domestic airports, its annual results showed on Tuesday. Rising costs in Germany were making the country’s airports …
Fraport looks to airports outside Germany for passengers as Frankfurt stagnates Read More »
By John Revill ZURICH (Reuters) -The Swiss government trimmed its economic growth forecasts for 2025 and 2026 on Tuesday, citing global trade tensions, although it expects the country to avoid a recession. The Swiss economy will grow by 1.4% in 2025, a slight downgrade from the 1.5% increase forecast in December and below the long-term …
Swiss lower 2025 growth forecast as global trade war looms Read More »
MOSCOW (Reuters) – Russia’s second-largest lender VTB’s deal to acquire the Zvezda shipbuilding yard from oil company Rosneft is now dead because the VTB-owned United Shipbuilding Corporation (USC) cannot finance the acquisition, VTB CEO Andrei Kostin said on Tuesday. VTB is currently running USC, Russia’s largest shipbuilder, which operates about 40 shipyards, design offices and …
VTB, Rosneft deal over Zvezda shipyard is now dead, VTB CEO says Read More »
COPENHAGEN (Reuters) -Nicolai Tangen has been appointed to a second term as CEO of Norway’s vast sovereign wealth fund, Norges Bank Investment Management, the central bank said on Tuesday. Tangen, 58, who became the fund’s CEO in September 2020 for a five-year period, said in November he would seek a new term as chief executive …
Nicolai Tangen secures another term as Norway’s wealth fund CEO Read More »
By Maria Martinez BERLIN (Reuters) – Germany’s lower house of parliament is set to vote on Tuesday on a massive surge in borrowing that could boost Europe’s largest economy and stimulate growth across the region, as it faces trade tensions with top partner the United States. German Chancellor-in-waiting Friedrich Merz reached an agreement with the …
Factbox-What is in the huge German spending plan agreed by parties? Read More »
