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COPENHAGEN (Reuters) -Offshore wind developer Orsted on Monday posted an impairment charge of 12.1 billion Danish crowns ($1.69 billion) in the fourth quarter, citing a delay and higher costs for its Sunrise Wind project, as well as higher U.S. financing costs. The company said it had reassessed the 924-megawatt offshore wind project, situated about 30 …

Orsted flags $1.7 billion impairment on Sunrise Wind delays, increased costs Read More »

MILAN (Reuters) – The board of Italy’s top insurer Generali has approved a memorandum of understanding (MoU) that paves the way for an asset management deal with BPCE’s Natixis Investment Managers to create a European champion, two sources close to the matter said. Generali and BPCE have been discussing a tie-up to create a leading …

Generali board approves MoU in asset management deal with BPCE’s Natixis, sources say Read More »

By Elisa Martinuzzi and Brad Haynes DAVOS, Switzerland (Reuters) – Nu Holdings Ltd, the fintech that created Latin America’s most valuable lender in Nubank, is considering moving its legal domicile to Britain ahead of a global expansion that may include the United States, its founder and CEO David Velez told Reuters. “We are actively thinking …

Nubank CEO considers moving domicile to Britain, expanding in US Read More »

By Darya Korsunskaya and Alexander Marrow (Reuters) -Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry said on Monday, with both spending and revenue rising sharply as Moscow ploughed economic resources into the war in Ukraine. According to the ministry’s preliminary estimate, the …

Russia’s budget deficit widens to $34.4 billion after late spending spree Read More »

By Pranav Kashyap and Nikhil Sharma (Reuters) -European stocks closed flat on Monday, having earlier hit a three-month high on expectation Donald Trump would refrain from increasing tariffs on U.S. trading partners as soon as he is inaugurated as president. The pan-European STOXX 600 closed flat at 523.87 points, after adding more than 2% over …

European shares steady as Trump inauguration centre stage Read More »

(Reuters) -London’s blue-chip FTSE 100 hit a record high on Monday for the second session in a row as investors awaited Donald Trump’s return to the White House for fresh insights on his stance on tariffs and international relations. The FTSE 100 index of top British firms ended up 0.2% at a fresh closing peak, …

FTSE 100 hits another record high, investors eye Trump policies Read More »

By Alexander Marrow and Elena Fabrichnaya LONDON/MOSCOW (Reuters) – Hold or fold? That is the dilemma facing the hundreds of Western companies still operating in Russia as Donald Trump returns to the White House with a promise to end the Ukraine conflict while Moscow’s tougher exit conditions make it costlier to leave. Many companies, including …

Analysis-Trump’s return adds new twist to Western firms’ Russia exit dilemma Read More »