OSLO/BUENOS AIRES (Reuters) -Norwegian oil and gas firm Equinor is looking to sell its onshore assets in Argentina’s Vaca Muerta region, the Mas Energia online publication reported, citing unnamed sources. Equinor has hired Bank of America to conduct the sale of its 30% stake in the Bandurria Sur licence and 50% in Bajo del Toro …
Equinor plans sale of onshore assets in Argentina, local news report says Read More »
MILAN (Reuters) -State-backed financial conglomerate Poste Italiane on Friday raised investor payouts in a boost for public coffers, and set better than forecast 2025 profit goals after a solid quarter. Poste said it aims to distribute around 7.5 billion euros ($7.9 billion) to investors from 2024-2027 profit, after increasing its latest dividend payment by more …
Italy’s Poste ups payout goal, aims for higher profit this year Read More »
By Tommy Reggiori Wilkes and Shashwat Awasthi LONDON -Britain’s competition regulator has fined Citi, HSBC, Morgan Stanley and Royal Bank of Canada (RBC) a combined 104.5 million pounds ($132.4 million) for exchanging sensitive information about UK government bonds. The Competition and Markets Authority (CMA) said on Friday that it had reached settlements with the banks over …
Four banks fined $132 million for sharing UK bond market information Read More »
By William Schomberg LONDON (Reuters) – A flurry of often contradictory UK economic data and surveys this week has left the Bank of England none the wiser about whether Britain’s economy is more at risk of a wave of job losses or a new period of persistently high inflation. A closely watched survey of businesses …
Analysis-UK economy readings underscore Bank of England’s dilemma Read More »
LONDON (Reuters) – The UK arm of German discount supermarket Aldi is to give its hourly paid store workers a second pay rise in two months so it can match the increased level offered by rival Lidl GB. The latest increase from Aldi, which employs 45,000 and is Britain’s fourth largest grocer after Tesco, Sainsbury’s …
Aldi UK workers get second pay rise in two months Read More »
By Tom Sims FRANKFURT (Reuters) – German lender Oldenburgische Landesbank (OLB), which for years has flirted with doing an initial public offering, views current market conditions to launch a listing as strong, CEO Stefan Barth said on Friday. Over the years, OLB’s plans for a relatively rare IPO of a bank have been scuppered by …
Germany’s OLB eyes rare bank IPO amid favourable market, CEO says Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s Audi will expand output in North America and Mercedes will boost its U.S. production as Europe’s carmakers try to protect themselves against U.S. President Donald Trump’s tariff threats. Trump has raised tariffs on aluminium and steel and threatened a 25% tariff on imports from Mexico and Canada, as well …
Big German carmakers try to shield themselves against Trump tariffs Read More »
MOSCOW (Reuters) – The Caspian Pipeline Consortium (CPC) said on Friday that oil flows via the Tengiz-Novorossiisk system were bypassing a pumping station damaged by a Ukrainian drone strike and that oil loadings at the sea terminal were continuing as normal. The CPC, which carries virtually all of Kazakhstan’s oil exports, saw reduced flows after …
CPC says oil flows bypassing damaged pumping station Read More »
By Benjamin Mallet and Forrest Crellin PARIS (Reuters) -French power giant EDF doesn’t expect to make a final decision on building six new nuclear reactors in the country until the second half of 2026, CEO Luc Remont said on Friday, after auditors flagged uncertainties over financing and design. French President Emmanuel Macron announced a plan …
By John Revill ZURICH (Reuters) – Swiss construction chemicals maker Sika expects strong growth in the United States, its biggest market, this year as Donald Trump’s policies encourage companies to bring back manufacturing, it said after beating annual profit expectations on Friday. Sika’s shares gained 2.4% after its 2024 results, although the company also forecast …
