By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission said on Friday it would react “firmly and immediately” against tariff increases resulting from U.S. President Donald Trump’s proposed “reciprocal” trade policy, which it labelled unjustified and a step in the wrong direction. Trump has tasked his economics team with devising plans for tariffs on every …
EU calls Trump tariffs unjust, vows swift response Read More »
MOSCOW (Reuters) – Gazprom Neft, the oil arm of Russian energy giant Gazprom, announced on Friday that its net profit for 2024 was 479.5 billion roubles ($5.22 billion), a decrease of 25.2% year-on-year. The company reported that its revenue reached 4.1 trillion roubles, a 16.5% increase compared to 2023. Adjusted EBITDA rose by 5.8% to …
Russia’s Gazprom Neft says 2024 net profit down 25% to $5.2 billion Read More »
By Nerijus Adomaitis OSLO (Reuters) – Norwegian oil exploration and production company Aker BP, built from a series of mergers and acquisitions in the last decade, has opportunities for further consolidation on Norway’s continental shelf, its top shareholder said on Friday. Aker BP produced over 400,000 barrels of oil equivalent per day (boepd) in 2024, …
Aker BP has acquisition opportunities, top shareholder says Read More »
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) – Italy has put on hold plans by private equity fund CVC and French telecoms operator Iliad to buy into Telecom Italia (TIM) and consolidate the country’s telecoms sector, three sources close to the matter told Reuters. State-backed financial conglomerate Poste Italiane is preparing to invest in …
Italy puts on hold CVC, Iliad plans for Telecom Italia, sources say Read More »
MILAN (Reuters) – Insurer Unipol has no plans to own more than 20% of BPER after the proposed merger of the Italian bank with rival Banca Popolare di Sondrio, Unipol Chief Executive Matteo Laterza said. BPER last week launched a 4.3 billion euro ($4.5 billion) all-share takeover bid for smaller peer Popolare di Sondrio offering …
Unipol CEO says no plans to own more than 20% of BPER after bid for Pop Sondrio Read More »
By Pushkala Aripaka and Radhika Anilkumar (Reuters) -Shares in Britain’s John Wood Group plummeted 40% on Friday after the engineering firm forecast negative cash flow for another year, after a series of updates that dashed hopes of a turnaround. The company has had a tumultuous past few years. It faced activist investor pressure to consider …
Wood Group’s shares dive 40% as cash flow woes to persist Read More »
DUESSELDORF, Germany (Reuters) – German trade union Verdi on Friday said it had rejected a wage offer by postal company Deutsche Post, saying it would launch further walkouts to achieve a better deal. Verdi added it would not call for so-called warning strikes until Germany’s national election on February 23 to ensure smooth absentee ballot …
German union rejects wage offer by Deutsche Post Read More »
MOSCOW (Reuters) – Russian Deputy Prime Minister Alexander Novak will preside over a meeting of government officials and oil producers next week to discuss a possible gasoline exports ban for fuel producers from March 1, three industry sources said. Novak’s office declined to comment. One of the sources said the meeting may take place on …
Russian government to discuss gasoline exports ban next week, sources say Read More »
WASHINGTON (Reuters) -The Trump administration is looking beyond tariffs and non-tariff barriers to examine currency manipulation as it studies the issue ahead of an April deadline, U.S. Treasury Secretary Scott Bessent said on Friday. “We’re also looking at currency manipulation,” Bessent said in an interview on Fox Business Network. “The U.S. has a strong dollar …
US looking at currency manipulation in tariff debate, Treasury chief says Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union can negotiate on reciprocal tariffs with the United States but will not give up its right to regulate in areas such as taxation and digital platforms, the chair of the European Parliament’s trade committee said on Friday. U.S. President Donald Trump has tasked his economics team …
EU open to tariff talks, but firm on own laws, says senior legislator Read More »
