Reuters UK Business

Russia’s oil tsar says Trump’s moves to defend US producers ‘fitting’

7 Dec 2024

DOHA (Reuters) – Igor Sechin, the head of Russia’s largest oil producer Rosneft, on Saturday said he approved of U.S. President-elect Donald Trump’s proposals to defend domestic energy producers. Speaking at a conference in Qatar, he said that Trump’s promises during his election campaign involved “fitting” economic measures, including protecting domestic energy producers and the …

Russia’s oil tsar says Trump’s moves to defend US producers ‘fitting’ Read More »

Germany’s Scholz not ruling out Berlin taking stake in Thyssenkrupp steel

7 Dec 2024

FRANKFURT (Reuters) – German Chancellor Olaf Scholz is not ruling out Berlin potentially taking a stake in the steel business of conglomerate Thyssenkrupp, he told a German newspaper. “I’m not taking any option off the table now,” he told Funke Media Group when asked whether such a move was possible, adding the German government had …

Germany’s Scholz not ruling out Berlin taking stake in Thyssenkrupp steel Read More »

CFM secures regulatory certification for LEAP-1A engine’s durability fixes

7 Dec 2024

By Rajesh Kumar Singh CHICAGO (Reuters) – Jet engine maker CFM International said on Friday aviation regulators in the United States and Europe have certified a “more durable” high-pressure turbine kit for its LEAP-1A engines that power the narrowbody jets of Airbus. LEAP engines have been facing durability issues in regions with hotter and harsh …

CFM secures regulatory certification for LEAP-1A engine’s durability fixes Read More »

Fitch revises Hungary’s outlook to ‘stable’

7 Dec 2024

(Reuters) – Credit ratings agency Fitch on Friday revised its outlook on Hungary to “stable” from “negative,” citing reduction in macroeconomic imbalances driven by improved coherence between fiscal and monetary policies. “The National Bank of Hungary (MNB) has maintained a tight monetary policy stance, while the government has taken steps to reduce the primary deficit …

Fitch revises Hungary’s outlook to ‘stable’ Read More »

Fitch affirms Ukraine’s ‘RD’ rating as war with Russia drags on

7 Dec 2024

(Reuters) – Fitch credit rating agency on Friday affirmed Ukraine’s long-term foreign currency sovereign credit rating at ‘RD’ as its war with Russia drags past the 33-month mark. The agency also affirmed the sovereign’s ‘CCC+’ long-term local currency amidst the ongoing debt restructuring, aimed at easing its wartime financial pressures. President Volodymyr Zelenskiy, in late …

Fitch affirms Ukraine’s ‘RD’ rating as war with Russia drags on Read More »

Wall Street adds to stock, rate cut bets after ‘Thanksgiving buffet’ jobs data

6 Dec 2024

By Lawrence Delevingne and Iain Withers BOSTON/LONDON (Reuters) -Global stocks advanced as investors raised their bets on the prospect of a U.S. interest rate cut this month after payrolls data showed strong job growth in November, while the euro dipped against the dollar as political turmoil gripped France. Futures markets put an 85% chance on …

Wall Street adds to stock, rate cut bets after ‘Thanksgiving buffet’ jobs data Read More »

Novo Holdings’ $16.5 billion Catalent buy wins EU antitrust approval

6 Dec 2024

By Foo Yun Chee BRUSSELS (Reuters) -Novo Holdings on Friday gained unconditional EU antitrust approval for its $16.5 bln acquisition of U.S. contract drug maker Catalent after EU regulators said they did not see any competition issues. Novo Holdings, the controlling shareholder of Danish drugmaker Novo Nordisk, which makes the blockbuster weight-loss drug Wegovy, said …

Novo Holdings’ $16.5 billion Catalent buy wins EU antitrust approval Read More »

US dollar advances, fades earlier sell-off ahead of next week’s inflation

6 Dec 2024

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose on Friday, as earlier selling, amid a jobs report showing higher unemployment and modest job gains overall, lost momentum ahead of an inflation report next week that could either reinforce or cast doubts on interest rate cut expectations later this month. The greenback recovered from …

US dollar advances, fades earlier sell-off ahead of next week’s inflation Read More »

Credit Agricole ups Banco BPM stake in UniCredit duel

6 Dec 2024

By Valentina Za, Andrea Mandala and Sudip Kar-Gupta MILAN/PARIS (Reuters) -Credit Agricole upped the stakes in a banking battle over Italy’s Banco BPM on Friday, by using derivatives to raise its holding in the Milanese lender that has become a takeover target for UniCredit. UniCredit last month claimed a seat at Italy’s banking consolidation table …

Credit Agricole ups Banco BPM stake in UniCredit duel Read More »

Close Bitnami banner
Bitnami