ROME (Reuters) -The Italian manufacturing sector contracted only marginally in October and at a slower pace than the month before, a survey showed on Monday, offering a glimmer of hope for the country’s sluggish economy. The HCOB Italian Manufacturing Purchasing Managers’ Index (PMI) stood at 49.9 last month versus 49.0 in September, almost returning to …
Italian manufacturing stagnates in October, PMI shows Read More »
FRANKFURT (Reuters) -Euro zone inflation risks are balanced and the European Central Bank should not try to fine-tune its policy because adjusting for minor deviations could itself cause market volatility, ECB policymaker Peter Kazimir said on Monday. The ECB left rates unchanged for the third meeting in a row on Thursday and repeated its mantra …
Attempts to fine-tune ECB policy could create undue volatility, Kazimir says Read More »
LONDON (Reuters) -British factories had their strongest month in a year in October but the recovery was driven by a one-off bounce from the restart of production at carmaker Jaguar Land Rover after it was hit by a cyberattack, a survey published on Monday showed. The S&P Global Purchasing Managers’ Index for Britain’s manufacturing sector …
UK factories helped by Jaguar Land Rover reopening, PMI shows Read More »
By Yousef Saba and Francesca Landini ABU DHABI/MILAN (Reuters) -Italy’s Eni and Malaysia’s state energy company Petronas said on Monday they had signed a binding agreement to form a jointly owned company combining some of their oil and gas exploration and production assets in Indonesia and Malaysia. The new entity, NewCo, will manage 19 assets, …
Eni, Petronas merge Indonesia, Malaysia assets in joint venture Read More »
LONDON (Reuters) -Euro zone manufacturing activity stagnated in October as new orders flatlined and headcount fell, despite production continuing to edge higher for an eighth consecutive month, a survey showed on Monday. The final HCOB Eurozone Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, registered 50.0 in October, matching a preliminary estimate and up …
Euro zone manufacturing stagnates in October amid weak demand, PMI shows Read More »
OSLO (Reuters) -Norway’s transmission system operator (TSO) Statnett will more than double its investments over the next decade to accommodate growing power consumption and secure the grid against climate and security threats, it said on Monday. Statnett is planning to invest between 150 to 200 billion Norwegian crowns ($15 billion-$20 billion) over the next ten …
Norway’s Statnett to invest up to $20 billion in power grid by 2035 Read More »
(Reuters) -BP has agreed to sell minority stakes in some of its U.S. onshore pipeline assets in the Permian and Eagle Ford basins to investment firm Sixth Street for $1.5 billion, it said on Monday. The sale is part of a $20 billion divestment programme aimed at bringing debt levels down that the group is …
BP to sell stakes in US onshore pipeline assets for $1.5 billion Read More »
BERLIN (Reuters) -German engineering orders plummeted in September, with a double-digit percentage decline driven by a base effect abroad and one-off special effects last year, the VDMA engineering association said Monday. Overall orders dropped by 19% year on year in September, with domestic orders down 5%, while those from abroad fell 24%. Euro zone orders …
BERLIN (Reuters) -German engineering orders plummeted in September, with a double-digit percentage decline driven by a base effect abroad and one-off special effects last year, the VDMA engineering association said Monday. Overall orders dropped by 19% year on year in September, with domestic orders down 5%, while those from abroad fell 24%. Euro zone orders …
PARIS (Reuters) -France’s manufacturing sector contracted less than initially reported in October, a survey showed on Monday, but remained in a state of weakness during the opening month of the fourth quarter as output and new orders saw further marked decreases. The Final HCOB France Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose …
French manufacturing sector remains in contraction in October, PMI shows Read More »
