By Nora Buli LONDON (Reuters) – Norway’s Equinor is reducing its ambitions for developing renewable energy capacity by 2030, it said on Wednesday, the latest move by a European energy company to cut green targets as the market for renewables sours. Equinor follows peers BP and Shell, which have trimmed plans to expand in renewable …
Equinor cuts renewable energy target due to industry headwinds Read More »
(Reuters) – Total Specific Solutions (TSS) has signed a deal to buy a further 14.84% stake in Polish software firm Asseco Poland, which would make it its biggest shareholder, the latter said late on Tuesday. TSS, a Netherlands-based software group, bought a 9.99% stake in Asseco from Cyfrowy Polsat at the end of January and …
TSS agrees to buy additional stake in Poland’s Asseco Read More »
STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported a net profit for the fourth quarter that topped market expectations on the back of strong interest and financial income and said its costs rose 5% compared to the preceding quarter. Net profit at the more than 150-year-old bank dipped to 6.85 billion crowns ($624 million) from 7.24 billion …
Swedish Handelsbanken’s Q4 profit drops less than expected Read More »
(Reuters) – Russia’s services sector saw its fastest growth in a year in January, buoyed by a sharp increase in new business, a survey showed on Wednesday. The S&P Global Purchasing Managers’ Index for Russian services rose to 54.6 in January from 51.2 in December, indicating a strong expansion in output. A reading above 50 …
Russian services sector sees fastest growth in a year, PMI shows Read More »
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. First off, nobody knows what to make of President Donald Trump’s sudden suggestion that the United States take over the Gaza strip and turn it into the Riviera of the Middle East – once the Palestinians are resettled elsewhere, …
Morning Bid: Markets confounded by Trump’s Gaza proposal Read More »
By Kenrick Cai, Deborah Mary Sophia (Reuters) -Alphabet said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue target and began showing impatience over profitability. Shares of the Google parent fell 9% in extended trading. Alphabet …
Alphabet plans massive capex hike, reports cloud revenue growth slowed Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday he wants Ukraine to supply the United States with rare earth minerals as a form of payment for financially supporting the country’s war efforts against Russia. Trump, speaking to reporters at the White House, said Ukraine was willing, adding that he wants “equalization” from Ukraine for …
Trump says he wants Ukraine to supply US with rare earths Read More »
(Reuters) -JPMorgan Chase & Co has hired Goldman Sachs executive Jonathan Slaughter to join its business services unit within its investment bank, according to a memo seen by Reuters on Tuesday. Slaughter will be tasked with bolstering the bank’s offerings to business services clients across Europe, the Middle East and Africa, and will be based …
JPMorgan hires rival Goldman executive for its business services unit, memo says Read More »
(Reuters) – U.S. Treasury Secretary Scott Bessent affirmed the importance of the U.S.-EU economic relationship and transatlantic cooperation in an introductory call with European Central Bank President Christine Lagarde, the Treasury Department said on Tuesday. Bessent and Lagarde discussed shared economic priorities and key policy areas of mutual interest, the Treasury Department said in a …
US Treasury Secretary affirms US-EU economic relationship in call with ECB’s Lagarde Read More »
(Reuters) -Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices, sending its shares down nearly 6% after the bell. Prices of cocoa — a key ingredient in chocolate — have increased relentlessly over the past year, forcing companies such as Mondelez …
Mondelez forecasts steep drop in annual profit on soaring cocoa prices Read More »
