By Phoebe Seers LONDON (Reuters) -British savers will have up to 120,000 pounds ($158,000) of their money protected in the event of a bank failure, the Bank of England said on Tuesday after increasing the deposit guarantee limit by 40%. The current Financial Services Compensation Scheme (FSCS) cap of 85,000 pounds was set in 2017. …
Bank of England boosts deposit guarantee for savers to 120,000 pounds Read More »
(Reuters) -Fibre cement maker James Hardie on Tuesday raised its full-year adjusted EBITDA and net sales forecast for its siding and trim segment, citing improving market conditions. The ASX-listed shares of the company rose as much as 8.7% to A$27.630, hitting its highest level since November 5. The upgrade comes amid the integration U.S. building …
Fibre cement maker James Hardie raises annual forecast, shares hit 2-week high Read More »
By Nicole Jao NEW YORK (Reuters) -BP was responding to a release of refined products on the Olympic Pipeline System east of Everett, Washington, and had partially restored part of the system, the company said on Monday. The BP-operated Olympic shut its pipelines in the area after the discharge on Sunday. The system consists of …
BP restores part of Olympic Pipeline after Washington leak Read More »
MILAN (Reuters) -Italy’s competition authority said on Monday it had fined online wine retailer Tannico 150,000 euros ($174,000) for unfair commercial practices. The company was owned by a joint venture between Campari Group and LVMH’s Moet Hennessy until October, when it was sold to Castel-Vins, a unit of French wine company Castel-Freres. The Italian e-commerce …
Italy watchdog fines wine retailer Tannico over misleading prices Read More »
By Shariq Khan, Anna Hirtenstein and Dmitry Zhdannikov NEW YORK/LONDON (Reuters) -U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday. The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. …
Exclusive-Chevron joins race to explore potential purchase of Lukoil assets, sources say Read More »
FRANKFURT (Reuters) -Activist fund Enkraft has urged Germany’s ABO Energy to ensure all shareholders can benefit from a sales process started by the renewable firm, a letter to management showed, concerned smaller investors could lose out in case of a change of control. In late September, ABO Energy said it had mandated private bank Metzler …
Activist fund Enkraft urges ABO Energy to draw up fair M&A process, letter shows Read More »
(Refiles to correct typo in company name in paragraph 3) By America Hernandez and Alban Kacher PARIS (Reuters) -TotalEnergies said on Monday it would more than double its net gas generation capacity by acquiring 50% of Czech energy company EPH’s Western European flexible power generation portfolio in a 5.1 billion euro ($5.9 billion) all-stock deal. …
TotalEnergies targets power trading boost with $6 billion Kretinsky gas plant deal Read More »
(Reuters) -Bitcoin, the world’s largest cryptocurrency by market value, was down by 1.59% at $93,684 at 4:21 p.m. ET (2121 GMT) on Sunday. (Reporting by Angela Christy in Bengaluru; editing by Diane Craft)
By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) -Bitcoin dropped to its lowest level in six months on Friday, as a broad sell-off in risk assets deepened amid fading hopes that the Federal Reserve will cut U.S. interest rates at its upcoming policy meeting. Selling in U.S. equities, however, eased slightly in the …
Bitcoin sinks to six-month low as risk-off sentiment persists Read More »
PARIS (Reuters) -France’s antitrust authority has fined TotalEnergies, Rubis and EG Group a combined 187.5 million euros ($217.3 million) over an anticompetitive deal that raised fuel prices in Corsica, the watchdog said on Monday. The French island, with a population of a little more than 350,000, is heavily reliant on cars for transportation, with all …
TotalEnergies, Corsica partners fined $217 million over fuel deal Read More »
