(Reuters) – The European Union may need as many as 350 extra cargoes of liquefied natural gas (LNG) this year, Helge Haugane, the head of gas and power trading at Norway’s Equinor, told Bloomberg News on Tuesday. In a worst-case scenario, European gas reserves could be only 30% full by the end of the winter, …
(This Feb. 10 story has been refiled to say ‘LOEs (loss of exclusivity),’ not ‘LOEs (levels of evidence),’ in paragraph 13) By Sabrina Valle and Patricia Weiss NEW YORK/FRANKFURT (Reuters) – Merck KGaA, the German healthcare and technology group, said on Monday it is in advanced talks to acquire U.S. cancer and rare diseases drugmaker …
Germany’s Merck in advanced talks to acquire US biotech firm SpringWorks Read More »
MILAN (Reuters) – The German embassy in Italy on Tuesday asked the country’s main banking union Fabi to explain the takeover battles rocking the sector, the union said. During a meeting in Rome requested by the embassy, Fabi chief Lando Maria Sileoni and the embassy’s financial affairs advisor Benedikt Grodau discussed ongoing deals, banking regulation, …
German embassy asks Italy’s banking union about M&A battles Read More »
PARIS (Reuters) – The French economy is set to return to growth in the first quarter as service sector activity rebounds, the central bank said on Tuesday in its monthly outlook. The euro zone’s second-biggest economy is on course to grow 0.1-0.2% in the first quarter from the previous three months, when France saw a …
French central bank sees first quarter return to growth Read More »
By Anna Peverieri (Reuters) – ArcelorMittal is considering a potential shift of some of its European business support activities to India, as the region’s steel sector faces pressure from high costs and rising imports, the world’s second-largest steelmaker said on Tuesday. The company, however, said no steel manufacturing would be moved to India from Europe. …
ArcelorMittal considers shifting European support activities to India Read More »
(Reuters) -Meal delivery company Deliveroo said its chief executive, Will Shu, has no plans to step down from his role, after Sky News on Tuesday reported the possibility. “In response to rumours in the media, the company confirms that there are no plans for Will to step down,” a Deliveroo spokesperson told Reuters in an …
Deliveroo says CEO Will Shu has no plans to step down Read More »
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) – A Treasury-led consortium submitted a new binding bid on Tuesday for Telecom Italia’s (TIM) subsea cable business Sparkle, three sources close to the matter told Reuters. The proposal confirmed a Sparkle valuation of 700 million euros ($724.22 million), in line with an initial offer sent in …
Italy and Asterion submit fully financed bid for Telecom Italia’s Sparkle Read More »
KYIV (Reuters) – Ukraine’s parliament on Tuesday passed a law that allows the state nuclear power operator to buy two Soviet-designed nuclear reactors from Bulgaria for Ukraine’s Khmelnytskyi power plant, lawmakers said. Ukraine had planned last June to sign a deal to buy two nuclear reactor bodies from Bulgaria to compensate for the loss of …
Ukraine backs purchase of Soviet-designed nuclear reactors from Bulgaria Read More »
By Alberto Chiumento and Alessandro Parodi (Reuters) – Italy’s five listed asset managers reported combined net inflows of 3.15 billion euros ($3.25 billion) in January, up from 1.19 billion euros in the same month of 2024. Net inflows into more lucrative managed assets increased to a combined 1.72 billion euros, from an outflow of 215.7 …
Italian asset managers’ net inflows rise to 3.15 billion euros in January Read More »
PARIS (Reuters) – BNP Paribas has appointed Philippe Maillard as group chief operating officer, effective February 11, France’s biggest bank said on Tuesday. He replaces Laurent David, whose departure BNP announced on Monday, saying he was leaving to devote himself to new professional projects. Maillard was until now COO of the lender’s Corporate & Institutional …
BNP Paribas appoints Philippe Maillard operations chief Read More »
