OSLO (Reuters) – Norway’s Equinor said on Wednesday the adjusted fourth-quarter earnings of its Marketing, Midstream & Processing (MMP) unit was expected to be “around the low end of the guided range” of between $400 million and $800 million. “The fourth quarter refining and liquids margins are reduced from 3Q,” Equinor said. The disclosure was …
Equinor sees MMP profit at low end of range in Q4 Read More »
(Corrects to outlook, not expectations, in headline, paragraph 1 and 4) PARIS (Reuters) – The European Central Bank will cut interest rates this year once it sees evidence the inflation outlook has settled in line with its 2% target, ECB policymaker Francois Villeroy de Galhau said on Tuesday. Investors are betting that the ECB will …
ECB to cut rates once inflation outlook settles at target- Villeroy Read More »
(Reuters) – Novo Nordisk’s CEO said on Tuesday he expects patients will stick with the company’s popular obesity drug Wegovy for far longer than those using older treatments. “We know from all medical interventions, stay time is not like a 100%… but I think we will see a significantly higher stay time than what we …
Novo CEO expects patients to stay on Wegovy longer than older weight loss drugs Read More »
AMSTERDAM (Reuters) – Dutch insurer NN Group on Tuesday said it had reached an agreement with interest groups to settle a years-long fight over investment-linked products for a total consideration of approximately 360 million euros ($393.12 million). In September last year, a court said the company had at various points offered customers insufficient information about …
NN Group reaches 360 million euro settlement on unit-linked products Read More »
BERLIN (Reuters) -A multi-day strike by German train drivers can go ahead as planned this week, a court ruled on Tuesday, dashing a last-ditch attempt by Deutsche Bahn to prevent the walkout that will severely disrupt rail travel across the country. The labour court in the state of Hesse ruled against issuing an injunction, upholding …
By Nell Mackenzie LONDON (Reuters) – Shares in Grifols fell as much as over 40% on Tuesday, wiping $3.83 billion off its market value, after hedge fund Gotham City Research questioned its accounting, prompting the Spanish drugmaker to “categorically” deny any wrongdoing. Below are some of the main points from the report and company comments …
Factbox-What does the Gotham City report say about Grifols? Read More »
LISBON (Reuters) – The European Central Bank (ECB) will cut its key interest rates sooner than it recently thought and should not wait until May to make a decision, as there are no signs of additional pressure on inflation, ECB policymaker Mario Centeno said on Tuesday. Investors are betting the ECB will deliver multiple rate …
ECB’s Centeno sees rate cut coming sooner than recently thought Read More »
ROME (Reuters) -Fintech firm ION Group is on course to secure Italy’s approval for its planned takeover of real estate and credit manager Prelios, sources familiar with the matter told Reuters. The Italian government is leaning towards not using its so-called golden powers, which allow Rome to shield strategic industries, to block or set conditions …
Italian govt won’t stand in way of ION’s takeover of Prelios, sources say Read More »
By Inti Landauro and Joan Faus MADRID/BARCELONA (Reuters) -Shares in Grifols fell by 30% on Tuesday, wiping nearly $3 billion off its market value, after hedge fund Gotham City Research questioned its accounting, prompting the Spanish drugmaker to “categorically” deny any wrongdoing. Gotham questioned Grifols’ reported debt and earnings before interest, taxes, depreciation and amortisation …
Gotham City accounting queries wipe $3 billion off Grifols value Read More »
By Blake Brittain and Nate Raymond BOSTON (Reuters) -Alphabet’s Google went before a federal jury in Boston on Tuesday to argue against a computer scientist’s claims that it should pay his company $1.67 billion for infringing patents that allegedly cover the processors used to power artificial intelligence technology in Google products. A lawyer for Singular …
Google faces $1.67 billion damages demand at AI-related patent trial Read More »
