Reuters UK Business

(Reuters) – Interpublic Group missed estimates for fourth-quarter results on Wednesday, as clients in major markets like the U.S. cut back on ad spending. Companies are tightening their marketing and advertising budgets, resulting in slower project progress and delays in launching new business initiatives. The company saw a more than 3% fall in revenue from …

Interpublic misses estimates for quarterly results on weak ad spending Read More »

PARIS/SHANGHAI (Reuters) – French automaker Renault and its Chinese partner Geely plan to announce a deal later this month on expanding their cooperation to Brazil, three sources said, as they seek new growth markets amid broadening global trade wars. The two firms created a thermal engine joint venture last year and have since also started …

Exclusive-Geely, Renault in talks over sales, manufacturing deals in Brazil, sources say Read More »

By Siyi Liu and Chen Aizhu SINGAPORE (Reuters) – The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs, trade sources and analysts said. Washington has imposed multiple rounds of …

US sanctions strand Iran, Russia oil on tankers, driving up crude costs Read More »

OSLO (Reuters) – Norway’s Ocean Industry Authority said on Wednesday it has given Gassco and Shell consent for the startup of production from the Ormen Lange gas field’s third phase. The goal of the project has been to increase the recovery rate from the Ormen Lange field to 85% of the total resources from 75% …

Shell gets go-ahead for Norway’s Ormen Lange 3 gas field Read More »

THE HAGUE, Netherlands – Dutch Prime Minister Dick Schoof said his government was seeking to boost the country’s technical startups and lure venture capital, after industry research on Wednesday showed the sector was flagging. As a leader in chip equipment and home to the world’s biggest chip equipment maker ASML, the Netherlands’ economy is reliant …

Dutch prime minister promises action to help tech startups thrive Read More »