By Terje Solsvik and Nerijus Adomaitis OSLO (Reuters) -Norwegian energy group Equinor warned on Wednesday it faces an impairment charge of about $1.8 billion after lowering resource and output estimates for its Mariner oilfield in the British North Sea. Total recoverable reserves from Mariner, which is operated by Equinor, is now estimated at about 180 …
Equinor warns of $1.8 billion UK oilfield impairment Read More »
By Nora Buli OSLO (Reuters) – Europe’s gas storage levels are still below the five-year average, with prices expected to remain elevated despite the arrival of liquefied natural gas (LNG) cargoes to offset limited Russian pipeline flows. The region’s storage levels have been unusually low since last winter, which has been partly responsible for wholesale …
European gas depletion slows, but not enough to lower prices Read More »
STOCKHOLM (Reuters) – Sweden’s central bank said on Wednesday that it needed to boost its own financial buffer by 15 billion Swedish crowns ($1.67 billion) to strengthen resilience against potential future losses due to its expanded balance sheet. “The Riksbank can manage the increased risks, but to maintain equity capital that is compatible with financial …
Swedish central bank says own risk buffer needs to be bigger Read More »
WASHINGTON (Reuters) – U.S. consumer prices rose solidly in December, with the annual increase in inflation the largest in nearly four decades, which could bolster expectations that the Federal Reserve will start raising interest rates as early as March. The consumer price index increased 0.5% last month after advancing 0.8% in November, the Labor Department …
U.S. consumer prices increase strongly in December Read More »
BRASILIA (Reuters) – Vallourec was fined 288.6 million reais ($51.6 million) for environmental damage by the Brazilian state of Minas Gerais, where heavy rainfall caused a dike owned by the French steel pipe maker to overflow on Saturday. The state government notified the company on Monday, it said in a statement on its official website, …
France’s Vallourec fined $51.6 million after dike overflows in Brazil Read More »
By Huw Jones LONDON (Reuters) – Banks in Britain should be “ambitious” in properly quantifying risks from climate change or face intervention by regulators if they fall short, the Bank of England (BoE) said on Wednesday. Banks should also pay particular attention to how they incorporate climate-related risks into business strategies, decision-making and risk-taking, the …
Bank of England tells banks to quantify climate risks properly Read More »
(Reuters) – Checkout.com said its valuation more than doubled to $40 billion in a year, following a $1 billion investment in the financial technology company that will be used to launch products and further its involvement in the so-called Web3 space. Several new and existing investors including Altimeter, Dragoneer, Franklin Templeton, Singapore’s GIC, the Qatar …
Fintech firm Checkout.com’s valuation touches $40 billion after latest funding Read More »
By Aditi Shah NEW DELHI (Reuters) – Luxury carmaker Mercedes-Benz plans to start assembling the electric version of its flagship S-Class sedan, the EQS, in India, the head of the company’s local unit said, part of a broader strategy to electrify its portfolio in the country. Mercedes will be the first global luxury carmaker to …
Mercedes-Benz to assemble flagship electric sedan in India Read More »
BERLIN (Reuters) – Google has offered to remove Google News Showcase content from general search results in Germany in a bid to end a competition inquiry, the country’s Federal Cartel Office said on Wednesday. Alphabet’s Google launched Google News Showcase in 2020. The platform promotes content from more than 1,000 publishers that have agreed to …
Watchdog says Google offers to exclude Showcase from general searches in Germany Read More »
AMSTERDAM (Reuters) -The owner of WeTransfer, which offers file sharing and collaboration tools said on Wednesday the company will seek an initial public offering of shares and listing on Amsterdam’s Euronext stock exchange. The Amsterdam-based company, soon to be renamed “The Creative Productivity Group NV” said its offer, for which a date has not yet …
WeTransfer owner seeks Amsterdam IPO, plans $182 million share issue Read More »
