BRUSSELS (Reuters) – European Union lawmakers on Tuesday approved the bloc’s plan to use frozen Russian central bank assets to loan up to 35 billion euros ($38 billion) to its ally Ukraine. The European Parliament voted by 518 in favour to 56 against, with 61 abstentions, for the planned loan to Kyiv in the last …
EU lawmakers clear up to 35 billion euro loan for Ukraine, using Russian assets Read More »
OSLO (Reuters) -Norway’s Equinor has shut output from its Sleipner B gas platform in the North Sea due to a smoke alert in an electrical facility, but will uphold its supply commitments by pumping more from other fields, it said on Tuesday. “We will continue to meet our supply obligation,” a company spokesperson said. Norway …
Equinor says gas supply to Europe unaffected by Sleipner B outage Read More »
LONDON (Reuters) -The CEO of leading computer chip equipment maker ASML said on Tuesday he expects that 2026 will be a growth year for the company and that the U.S. government will continue to push for further restrictions on its exports to China. Christophe Fouquet’s remarks come a week after ASML shook markets with a …
ASML expects growth in 2026, US-China row to continue, CEO says Read More »
By Giancarlo Navach MILAN (Reuters) – Suitors for a stake in a future venture combining Italian energy firm Sorgenia’s assets with those of solar power firm EF Solare are due to file their binding bids by the end of October, two sources close to the matter said. The buyer would take a 27.6% stake in …
Bids for new Italian energy hub project due by Oct. 31, sources say Read More »
By Harry Robertson LONDON (Reuters) – Goldman Sachs said on Tuesday the euro could fall as much as 10% – implying a drop below $1 from current levels – in a scenario in which Donald Trump imposes widespread tariffs and cuts domestic taxes if he wins the Nov. 5 U.S. presidential election. Republican former President …
Goldman Sachs says euro could drop 10% under Trump tariffs and tax cuts Read More »
By Pietro Lombardi MADRID (Reuters) -Spanish gas grid operator Enagas said on Tuesday its was on track to reduce its net debt to the lowest level since 2008 as it prepares to invest billions of euros in hydrogen projects. The sale earlier this year of its 30.2% stake in U.S. energy infrastructure company Tallgrass Energy …
Spain’s Enagas cuts debt as it prepares for hydrogen investments Read More »
(Reuters) -Holiday Inn owner InterContinental Hotels Group reported a sharp slowdown in room revenue growth in the third quarter as weak demand in China and a subdued U.S. market overshadowed a solid performance in Europe. Revenue per available room (RevPAR)- a key performance measure for the hotel industry – rose by 1.5% in the quarter …
Weak China demand puts brakes on Holiday Inn owner IHG in third quarter Read More »
By Michal Aleksandrowicz (Reuters) -Randstad, the world’s largest employment agency, on Tuesday reported quarterly profit slightly above expectations as trading conditions stabilized despite a challenging macroeconomic environment, sending its shares over 4% higher. Globally, hiring has slowed as workers avoid the risk of switching jobs in an uncertain environment and employers are reluctant to recruit …
Randstad quarterly profit beats market forecasts Read More »
GDANSK (Reuters) – Shares in Traton rose on Tuesday after Volkswagen’s truck unit reported third-quarter results above expectations driven by robust sales in its US brand International and Swedish unit Scania. Traton shares were up 4% by 0728 GMT, to their highest in three months, while peers Daimler Truck and Volvo were also up 1.7% …
Shares in VW’s truck unit Traton jump after Q3 beat Read More »
By Greta Rosen Fondahn (Reuters) -Norway’s largest bank DNB reported a bigger-than-expected rise in its third-quarter earnings on Tuesday boosted by growing lending volumes, sending its shares more than 4% higher in early trading. “There has been a clear shift in customer behaviour through the summer and into the autumn,” CEO Kjerstin Braathen said in …
Norway’s DNB tops Q3 profit forecast as lending volumes grow Read More »
