ATHENS (Reuters) -Bulgaria has one month of gasoline supplies left as it braces for the start of U.S. sanctions on Russia’s Lukoil, which owns the country’s largest oil refinery and most storage and pipeline infrastructure, the chairman of the state reserves agency said on Tuesday. The U.S. and Britain last month imposed sanctions on Lukoil …
By Gianluca Lo Nostro (Reuters) -Adyen, the Dutch company known for handling payment processing for eBay and Spotify, set new financial targets on Tuesday, aiming for stronger profitability and steady revenue growth. The company is gaining ground against U.S. rivals despite most European peers struggling, helped by its strategy of expanding in North America and …
Adyen sets new targets, outpacing European rivals Read More »
By Andy Bruce MANCHESTER, England (Reuters) -The Bank of England said on Tuesday that wider benefits from its past government bond purchases mostly offset the large losses accruing on its quantitative easing portfolio, a hot political issue because the government covers them. The BoE updated its standard estimate of the net lifetime loss stemming directly …
Bank of England sees wider QE benefits cushioning big losses Read More »
BERLIN (Reuters) -German chemicals giant BASF said on Tuesday that it was targeting the Frankfurt Stock Exchange as the listing location for its Agriculture Solutions business. BASF, which also presented a new management board for the business led by Livio Tedeschi, said the decisions mark key steps towards its ongoing push for business to be …
BASF targets Frankfurt exchange for agricultural business listing Read More »
BERLIN (Reuters) -Germany plans to allocate nearly 19 billion euros ($22.16 billion) to kit out soldiers with new clothes and personal equipment in the coming years, in addition to 7.5 billion for new wheeled armoured vehicles, said a finance ministry document. The government justifies the troop apparel project known as FASER – with expenditures spread …
Germany to spend €26.5 billion on clothes for soldiers, armoured vehicles Read More »
(Reuters) -British meat and seafood supplier Hilton Food said on Tuesday its profit growth is likely to be challenging in the year ahead and it would not be able to restart its Greek smoked salmon facility this year, knocking its shares 25% lower. Hilton Food said persistent inflation and rising costs of raw materials were …
Hilton Food falls 25% on profit growth warning, Greek salmon stoppage Read More »
MADRID (Reuters) -Openbank, Santander’s digital lender, said on Tuesday it had launched a cryptocurrency trading service in Spain, following rival BBVA. Banks are seeing growing demand from customers for crypto products after bitcoin hit record highs last month, helped by U.S. President Donald Trump’s pro-crypto stance. In June, BBVA advised wealthy clients to invest up …
Santander’s digital lender Openbank launches crypto trading in Spain Read More »
By Ahmed Rasheed BAGHDAD (Reuters) -Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its Burgas refinery, as the Russian company’s international operations buckled under the strain of U.S. sanctions. The force majeure at the West Qurna-2 field in Iraq marks the biggest fallout …
Exclusive-Lukoil declares force majeure in Iraq over US sanctions, sources say Read More »
By Javi West Larrañaga (Reuters) -The outlook for European corporate health has further improved, the latest earnings forecasts showed on Tuesday, as companies continue to show that they have navigated the trade and economic uncertainty of recent months. European firms are expected to report growth of 6.2% in third-quarter earnings, on average, according to LSEG …
European corporate outlook improves as companies defy uncertainty Read More »
By Amir Orusov and Emanuele Berro (Reuters) -Fraport topped market expectations for third-quarter core earnings on Tuesday, sending its shares rising 12%, even as it trimmed the 2025 estimate for passenger numbers at Frankfurt Airport. The airport operator’s positive results follow earnings beats from European peers APD in France and Aena in Spain. Fraport’s quarterly …
Fraport tops Q3 earnings forecast, cuts Frankfurt Airport passenger estimate Read More »
