By Marta Nogueira RIO DE JANEIRO (Reuters) – Dutch firm SBM Offshore is considering bidding on a tender launched by Brazil’s Petrobras to build up to two oil platforms for the state-run oil firm, SBM’s president in Brazil, Jonas Lobo, told Reuters. The tender, to build up to two Floating Production Storage and Offloading (FPSO) …
SBM may bid in Petrobras tender Sergipe project platforms Read More »
By Gergely Szakacs BUDAPEST (Reuters) -Central European credit ratings, most of which carry a stable or positive outlook, are quite resilient, but the way the new U.S. administration delivers on its pre-electoral promises could pose a challenge, S&P Global said on Thursday. Under some scenarios, higher U.S. trade tariffs on the European Union and higher …
Central Europe ratings could be tested by new US policies, S&P says Read More »
FRANKFURT (Reuters) -German regional utility MVV Energie on Thursday reported a halving of annual profit but proposed a dividend increase of 9% for its 2024 fiscal year ended in September. MVV, based in Mannheim where the city owns a 50.1% stake in the company, said it planned to raise its dividend to 1.25 euros per …
Germany’s MVV halves profit in 2023/24, proposes 9% dividend hike Read More »
MILAN (Reuters) – (This Dec. 11 story has been corrected to show that the core capital threshold rose due to other components, not because of the buffer set by the ECB, in the headline and text, and to include the reference to the Systemic Risk Buffer for Intesa in paragraph 2.) UniCredit, Italy’s second largest …
UniCredit says core capital threshold for 2025 rises to 10.3% from 10% Read More »
MILAN (Reuters) – Italy’s borrowing costs fell, touching their lowest level since July 2022, at a Thursday auction as markets were bracing for a 25 basis points rate cut from the European Central Bank (ECB). The Treasury sold the planned maximum amount of 8.5 billion euros ($8.95 billion) in four bonds. The Rome-based Treasury sold …
Italian borrowing costs hit 29-month low at auction ahead of ECB meeting Read More »
By James Davey LONDON (Reuters) -British electricals retailer Currys added its voice to a chorus of corporate criticism of the new Labour government’s tax rises on Thursday, saying price rises were inevitable, but it kept its forecast for annual profit growth. The group, which sells consumer electricals from computers to washing machines, reported a return …
UK electricals chain Currys warns of price rises ahead but keeps profit outlook Read More »
MILAN (Reuters) – Banco BPM said on Thursday it had secured approval from Italy’s antitrust agency to acquire full control of Italy’s largest independent asset manager Anima Holding. In the latest sign of pressure to consolidate in the saving management industry, Italy’s third-largest bank last month announced an offer of up to 1.6 billion euros …
Banco BPM gets antitrust approval for Anima Holding acquisition Read More »
By Sinead Cruise and Chandini Monnappa LONDON (Reuters) -The London Stock Exchange Group has sold its 4.92% stake in Belgium-based financial services provider Euroclear for 455 million euros ($479 million) as it sharpens its focus on product innovation expected in 2025 by exiting non-core assets. LSEG sold the stake to TCorp, the financial services partner …
LSEG seals Euroclear stake sale for $478 million Read More »
By Maria Martinez BERLIN (Reuters) – Germany will grow by only 0.4% next year if it fails to overcome structural challenges but can achieve 1.1% growth if the right economic policy course is set, the Ifo Institute said on Thursday. Due to major uncertainty, the Ifo Institute is presenting two scenarios for the current economic …
Germany to grow between 0.4% and 1.1% in 2025, Ifo Institute says Read More »
By Gleb Bryanski and Elena Fabrichnaya MOSCOW (Reuters) -Russia has the potential to improve its position in global AI ratings by 2030 despite Western sanctions thanks to talented developers and its own generative AI models, the first deputy CEO of Russia’s largest lender, Sberbank, told Reuters. Some AI developers left Russia in recent years, especially …
Russia will boost AI clout despite West’s sanctions, Sberbank first deputy CEO says Read More »
