By Jesús Aguado and Belén Carreño MADRID (Reuters) -The Spanish government will acquire a stake of up to 10% in Telefonica through the state holding company SEPI in a counterbalance to the acquisition of a large stake in the telecoms giant by Saudi Arabia’s STC. “The presence of a key public shareholder will reinforce the …
Spain to buy up to 10% in Telefonica following Saudi entrance Read More »
(Reuters) – Bahrain’s sovereign wealth fund Mumtalakat is talks about a deal with minority investors of luxury automaker McLaren Group that would effectively see the fund becoming McLaren’s sole owner, Sky News reported on Tuesday. The agreement could be announced as soon as this week as part of a deal and would involve about 20% …
Bahrain to take full control of McLaren Group in deal with minority investors -Sky News Read More »
By Sabrina Valle HOUSTON (Reuters) – Shell PLC and Equinor ASA on Tuesday greenlit a 90,000 barrels per day (bdp) oil and gas platform in the U.S. Gulf of Mexico, with first production scheduled to start in 2028. Called Sparta, it is the first Gulf of Mexico project launched under Shell Chief Executive Wael Sawan, …
Shell greenlights 15th US Gulf of Mexico oil platform Read More »
LONDON (Reuters) -Britain’s antitrust regulator, the Competition and Markets Authority (CMA), said on Tuesday it agreed a memorandum of understanding with the Bank of England, to enable them to work together to help the economy, businesses and consumers. The pair said they had established a framework for co-operation and collaboration so they could liaise in …
Bank of England and UK competition regulator agree to work together Read More »
By Jörn Poltz and Ludwig Burger MUNICH (Reuters) – A German court on Tuesday invalidated a patent that was the basis of a patent violation lawsuit brought by CureVac against its domestic rival BioNTech, in a blow to CureVac’s claims for a share in billions of euros in COVID-19 vaccine revenues. “The patent is being …
German court quashes CureVac patent after challenge by BioNTech Read More »
By Tatiana Bautzer NEW YORK (Reuters) – HSBC expanded its Americas equity research team to 24 people this year, adding to its coverage of U.S. stock markets for wealthy clients, the bank said on Tuesday. HSBC hired 12 equity analysts for the region, increasing the equity team to 24 people and the group of researchers …
HSBC adds US stock analysts to serve wealthy clients Read More »
PARIS (Reuters) – Paris and Berlin are close to reaching a “100 percent” agreement on how to reform the European Union’s fiscal rules, Finance Minister Bruno Le Maire said, adding he believed he will be able to strike a deal on the issue with his German counterpart on Tuesday evening. “I am certain that we …
France to reach agreement with Germany on EU fiscal rules on Tuesday, says Le Maire Read More »
ZAGREB (Reuters) – Shareholders of food company Fortenova on Tuesday approved the company´s sale by its Dutch parent company Fortenova Group TopCo B.V. to Dutch company Iter BidCo BV for 660 million euros ($724.42 million), Fortenova Group said in a statement. The company, Croatia’s largest retailer and employer, said it struck the deal to assure …
Shareholders approve ownership changes at European food company Fortenova Read More »
By Tim Hepher PARIS (Reuters) – Airbus is on course to break aerospace order records in 2023 after a buying spree from European airlines and a brisk month so far in deliveries, industry sources said on Tuesday. Orders for a total of almost 200 jets from easyJet and Lufthansa on Tuesday looked set to push …
Airbus on course for record jetliner orders in 2023, sources say Read More »
By Shashwat Chauhan and Shubham Batra (Reuters) -London stocks rose on Tuesday, boosted by gains in precious and industrial metal miners that tracked higher commodity prices, and persisting hopes of interest rate cuts from the U.S. Federal Reserve. The blue-chip FTSE 100 gained 0.3%, while the FTSE 250 midcap index added 0.5%. Precious metal miners …
Metal miners lift UK stocks amid lingering Fed rate cut hopes Read More »
