VIENNA (Reuters) – Austria’s OMV said on Wednesday it had terminated its long-term gas supply contract with Gazprom after the Russian firm stopped deliveries last month amid a row that has been highly politicized due to the war in Ukraine. The step formally ends the moribund contract since Gazprom halted 50 years of gas flows …
Austria’s OMV terminates Gazprom gas contract after supply row Read More »
NEW YORK (Reuters) – The political situation in France is unstable after the no-confidence vote toppled the government, the CEO of sports retail giant Decathlon Barbara Martin Coppola said on Wednesday at the Reuters Next conference. “Hopefully stability will come back to France,” she said, adding that although the sports sector so far had been …
Decathlon CEO says France is unstable after no-confidence vote Read More »
(Reuters) – The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation under Donald Trump’s presidency and bets on AI-fueled earnings growth in the coming quarters. The tech-heavy index rose 1.6% to an all-time high of 20001.42 points. It has jumped …
Nasdaq hits 20,000 for first time as AI rally rages on Read More »
By Sruthi Shankar and Johann M Cherian (Reuters) – European stocks recouped earlier losses and closed up on Wednesday, as investors added to bets that the Federal Reserve could lower interest rates later in the month after an in-line U.S. inflation report. The pan-European STOXX 600 index had slipped earlier in the day, but settled …
European shares close up after in-line US inflation data; ECB in focus Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Chip design software company Synopsys has offered to sell an Ansys unit on top of one of its own in a bid to win EU approval for its $35 billion acquisition of the chip design software company, three people with direct knowledge of the matter said. The European …
(Reuters) – Britain’s competition regulator said on Wednesday that it has launched an investigation into suspected bid-rigging in relation to a key government fund for improving the condition of school buildings. The Competition and Markets Authority said it has reason to suspect that several companies providing roofing and construction services, including building contractors and technical …
UK’s competition watchdog probes possible bid-rigging related to school improvement fund Read More »
By Marta Maciag (Reuters) -Poland’s biggest fashion retailer LPP on Thursday reported third-quarter profit that missed analysts’ forecasts as rising labour costs in the region hurt margins. Net profit in the third quarter came in at 579 million zlotys ($142.4 million) against analyst forecasts of 632 million zlotys. Selling, general and administrative expenses (SG&A) per …
Polish fashion retailer LPP’s Q3 profit misses forecasts as labour costs rise Read More »
BERLIN (Reuters) – Investigators carried out searches at Adidas’s headquarters for a second consecutive day, the Financial Times reported, the latest stage in a years-long probe of what Handelsblatt newspaper reported was 1.1 billion euros of tax damage. The company declined to confirm that authorities had returned for further searches on Wednesday and repeated its …
Adidas raided for second day running in EU tax investigation, FT reports Read More »
(Reuters) -Britain’s FTSE 100 index nudged higher on Wednesday, led by precious metal miners, after the U.S. inflation print came in line with expectations, boosting the likelihood of a Federal Reserve rate cut next week. The blue-chip FTSE 100 was up 0.3%, while the midcap FTSE 250 was flat. Global shares rose as closely watched …
UK’s FTSE 100 edges higher after US inflation data Read More »
MILAN (Reuters) – Italian luxury group Brunello Cucinelli on Wednesday revised up its expectations for this year’s turnover, which it now sees growing by between 11% and 12%. In October the group confirmed its expectations for a sales increase of around 10% for 2024 and the following years, after revenues rose 9.2% in the third …
