By Olesya Astakhova MOSCOW (Reuters) – Russia is unlikely to hit its May target of pre-pandemic oil output levels due to a lack of spare production capacity but could do so later in the year, analysts and company sources said on Tuesday. Deputy Prime Minister Alexander Novak, in charge of Moscow’s ties with the OPEC+ …
Analysis-Russia seen missing its May target for pre-pandemic oil output Read More »
BERLIN (Reuters) – The European Union’s relationship with Switzerland could fall apart if negotiations over Switzerland’s place in the EU internal market fail, European Commission Vice President Maros Sefcovic, told Der Spiegel magazine. Brussels has pushed for years for a treaty to cap an array of bilateral accords and require the Swiss to routinely adopt …
Swiss-EU relationship could fall apart if talks fail, EU’s Sefcovic says Read More »
MADRID (Reuters) -Spain’s Telefonica has reached an agreement with labour unions to cut some 15% of its domestic workforce via voluntary redundancies in a plan estimated to cost it 1.5 billion euros ($1.7 billion) this year, the telecoms group said on Tuesday. The plan to cut around 2,700 jobs in an increasingly competitive market in …
Telefonica reaches agreement to cut about 2,700 jobs in Spain Read More »
CAPE TOWN (Reuters) – A South African high court on Tuesday blocked Shell from conducting seismic testing offshore from South Africa’s pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for oil and gas. On Dec. 3 a different high court order gave Shell the go-ahead …
S.African court halts Shell’s offshore seismic survey Read More »
MILAN (Reuters) – Billionaire Leonardo Del Vecchio said Italian companies often favour dividends to growth, daily Il Corriere della Sera quoted him as saying on Tuesday. “Dividends today are often at the expense of companies dimensional growth,” he said. Del Vecchio, 86, is the founder of eyewear giant Luxiottica, now EssilorLuxiottica, and the top investor …
Billionaire Del Vecchio says Italian companies too focused on dividends – press Read More »
MOSCOW (Reuters) – Russian gas giant Gazprom has not booked gas transit capacity for exports via the Yamal-Europe pipeline for Dec. 28, auction results showed on Tuesday. The pipeline that normally brings Russian gas into western Europe flowed in reverse for a seventh day on Monday, a situation Moscow blames on German speculation, despite surging …
Gazprom books no transit capacity via Yamal-Europe pipeline for Dec. 28 Read More »
MILAN (Reuters) -Italy will use a proposal presented by a consortium that includes Telecom Italia (TIM) as a blueprint in the national cloud tender it plans to launch in the first weeks of 2022, the digital innovation ministry said on Monday. Known as the National Strategic Hub, the infrastructure is part of the government’s strategy …
Italy to use TIM-led project as blueprint in national cloud tender Read More »
By Anisha Sircar (Reuters) -European shares ended higher in thin trading on Monday, led by gains in technology and healthcare stocks, with Roche rising on regulatory approval for COVID-19-related products. The pan-European STOXX 600 rose 0.7% with technology shares and defensive sectors like healthcare and construction <.SXOP> leading gains. The technology sub-index is on-track to …
Tech and healthcare help European shares above one-month highs Read More »
MOSCOW (Reuters) – Russian gas giant Gazprom has not booked gas transit capacity for exports via the Yamal-Europe pipeline for Dec. 28, auction results showed on Monday. The pipeline that normally brings Russian gas into western Europe flowed in reverse for a seventh day on Monday, a situation Moscow blames on German speculation, despite surging …
Gazprom has not booked gas transit capacity via Yamal pipeline for Dec. 28 Read More »
(Reuters) -S&P Global and IHS Markit said on Monday they would sell a couple of businesses to satisfy antitrust requirements attached to the $44 billion merger of the financial information providers. S&P Global will sell securities data solutions provider CUSIP Global Services (CGS) to financial data services firm FactSet for $1.93 billion in cash, while …
S&P, IHS to offload units ahead of merger to meet antitrust conditions Read More »
