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MOSCOW (Reuters) – Following are extracts for the speech by Igor Sechin, the head of Russian oil giant Rosneft at St. Petersburg International Economic Forum SPARE OIL PRODUCTION CAPACITY “The creation of reserves as we observe by both Western and Middle Eastern companies may be an expectation of serious market changes. “The presence of such …

Extracts from speech of Rosneft’s CEO Sechin at a Russian forum Read More »

(Reuters) -The European Commission will open a formal in-depth probe soon into Abu Dhabi-based Emirates Telecommunications’ (e&) proposed acquisition of Czech PPF group’s telecoms assets in Bulgaria, Hungary, Serbia and Slovakia, the Financial Times reported on Saturday. While the precise timing remains uncertain, the announcement of the investigation is expected to come as early as …

EU to probe UAE-based e&’s acquisition of Czech PPF Group’s telecoms assets, FT reports Read More »

(Reuters) – French oil and gas major TotalEnergies said on Friday it had signed a deal with U.S. industrial gases company Air Products and Chemicals for delivery of green hydrogen. The companies signed a 15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030, TotalEnergies said in a …

TotalEnergies and Air Products sign deal for green hydrogen delivery Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Europe’s push for industrial champions is expected to continue after European Parliament elections this weekend that will likely see the major political parties lose seats to nationalist and populist parties, analysts said. Polls indicate that pro-European parties on the centre-right and centre-left, liberals and Greens will have a …

Europe’s push for industrial champions seen continuing despite divisive Parliament poll Read More »

FRANKFURT (Reuters) – The European Central Bank is still a long way from defeating inflation and needs to keep putting the brakes on economic growth, European Central Bank President Christine Lagarde said in a newspaper editorial on Friday. The ECB cut interest rates from a record high on Thursday but held back from promising any …

ECB has a long way to go in inflation fight, Lagarde says Read More »

By Kate Abnett and Simon Jessop BRUSSELS/LONDON (Reuters) – Some of the world’s major economies want to finalise a plan ahead of this year’s U.N. climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters. If approved, the draft proposal by the Organisation for …

Exclusive-Major world economies seek to halt new private sector coal financing Read More »

By Mimosa Spencer PARIS (Reuters) -LVMH has hired Cecile Cabanis as its deputy finance director, part of the world’s largest luxury group’s year-and-a-half long succession plan for CFO Jean-Jacques Guiony. Cabanis, 52, once Danone CFO, joins LVMH from Tikehau Capital, where she has been deputy CEO for three years. “Succession planning for key positions is …

LVMH lines up Cecile Cabanis to succeed CFO in next 18 months Read More »

(Reuters) – Walgreens Boots Alliance has shelved plans for a potential initial public offering of its UK-based Boots drugstore chain as sale talks continue, Bloomberg News reported on Friday citing people with knowledge of the matter. The pharmacy chain is now exploring other options for Boots and has continued informal talks with potential buyers, including …

Walgreens shelves plans for Boots IPO, Bloomberg News reports Read More »