By Elizabeth Howcroft LONDON (Reuters) -Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected to be completed in the fourth quarter of 2023, Aviva …
Aviva to sell Singlife joint venture stake for $1 billion Read More »
(Reuters) -U.S.-based commodities trader Cargill on Wednesday denied it had sold its stake in a Russian grain terminal to Russia’s Delo Group. Russian media reported that Delo, a transport and logistics group, was buying out Cargill’s stake of 25% plus one share in the KSK grain terminal in the Black Sea port of Novorossiysk. “I …
Cargill denies sale of stake in Russian grain terminal Read More »
By Ank Kuipers and Marianna Parraga PARAMARIBO (Reuters) -TotalEnergies will begin studies for developing a $9 billion oil and gas project at Suriname’s most promising offshore area, the French energy firm said on Wednesday during a visit by its CEO to the South American country. Suriname’s oil potential is closely watched as some of its …
TotalEnergies to evaluate $9 billion energy investment in Suriname Read More »
By Tommy Wilkes and Ross Kerber LONDON/BOSTON (Reuters) -The group that has become the go-to judge of corporate climate targets globally is separating itself into two and overhauling its governance in a bid to address conflict of interest concerns and speed up the time it takes to assess company plans. Businesses, often under pressure from …
Group judging corporate climate claims overhauls itself after criticism Read More »
(Reuters) – Google parent Alphabet is laying off employees from its global recruiting team as the tech giant continues to slow hiring, it said on Wednesday. The company’s decision to let go of a few hundred employees is not part of a wide-scale layoff and will retain a significant majority of the team for hiring …
Alphabet lays off hundreds from global recruitment team Read More »
By Siddarth S and Shreyashi Sanyal (Reuters) -London’s FTSE 100 was flat on Wednesday after data showed July economic output contracted at the fastest pace this year, sparking recessionary concerns, while a boost from Aviva offset some declines from earlier in the session. The exporter-heavy FTSE 100 index ended a choppy session unchanged at 7,525.99 …
FTSE 100 ends flat as weak GDP data keeps recession fears alive Read More »
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in the oil major’s top job for failing to fully disclose details of past personal relationships with colleagues, the company said. Chief Financial Officer Murray Auchincloss will act as CEO on an …
BP CEO Looney resigns over personal relationships with colleagues Read More »
By Samuel Indyk LONDON (Reuters) -The pound weakened against the dollar and the euro on Wednesday as investors assessed an unexpectedly poor reading that signalled British economic output had contracted more than expected in July. Sterling was down 0.4% against the dollar at $1.2449, on track for its biggest daily drop in a week, if …
Sterling weakens as UK economy shrinks more than expected Read More »
By Andy Bruce and David Milliken LONDON (Reuters) – Britain’s economy contracted in July at an unexpectedly sharp rate after strikes in hospitals and schools as well as unusually rainy weather weighed on output, according to official figures on Wednesday that will add to worries about the outlook. The Office for National Statistics said gross …
UK economy stumbles in July as strikes and rain weigh Read More »
COPENHAGEN (Reuters) -Denmark’s Orsted has made its first investment in a British solar power project, the energy developer said on Wednesday. The One Earth Solar Farm is a 740 megawatt (MW) project slated to have battery storage in the East Midlands region of England and which is being co-developed with Britain’s PS Renewables. Once operational, …
Orsted invests in its first British solar energy project Read More »
