BRUSSELS (Reuters) – Euro zone industrial production rebounded more than expected in April after a slump in March, as a surge in the output of capital goods such as buildings and equipment offset reduced production of consumer goods, data showed on Wednesday. Industrial production in the 20 countries sharing the euro rose 1.0% month-on-month in …
Euro zone industrial production up more than expected in April Read More »
By America Hernandez PARIS (Reuters) -TotalEnergies will buy a 17.5% stake in U.S. liquefied natural gas developer NextDecade for $219 million, the French group said on Wednesday, part of a broader deal to enable the Texas company’s Rio Grande LNG export project to proceed. NextDecade said it had entered into framework agreements with Global Infrastructure …
TotalEnergies buys $219 million stake in LNG developer NextDecade Read More »
PARIS (Reuters) – French business leaders Xavier Niel, Matthieu Pigasse and Moez-Alexandre Zouari have expressed an interest in bidding up to 1.1 billion euros ($1.2 billion) for Casino, potentially offering an alternative lifeline for the indebted French supermarket group. The trio had signalled last week they were readying an offer for Casino after tie-up talks …
Trio of French business leaders weighs $1.2 billion bid for Casino Read More »
By Andy Bruce LONDON (Reuters) – Retailers and the film industry helped Britain’s economy inch higher in April, despite contractions in manufacturing and construction, according to data on Wednesday that pointed to slow growth rather than recession. Britain’s economy grew by 0.2% month-on-month in April, the Office for National Statistics said, matching the consensus in …
Retail and films drive modest growth in UK economy Read More »
By Shreyashi Sanyal (Reuters) -European shares rose on Wednesday, ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve, while Entain shares fell sharply after announcing a deal. The pan-European STOXX 600 index rose 0.3%, with the travel & leisure index falling 0.8%. Ladbrokes-owner Entain plunged 10.1%, falling to the …
European shares rise on hopes of Fed pause; Entain plunges Read More »
AMSTERDAM (Reuters) – Electric grid operator TenneT Holding said on Wednesday it has signed an 8 billion euro ($8.63 billion) credit facility to support its spending plans as it awaits a deal to sell its German operations to the German state. TenneT, owned by the Dutch state, expects to invest more than 100 billion euros …
TenneT lines up 8 billion-euro credit ahead of German operations sale Read More »
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. In a new financial framework announced ahead of an investor …
Shell boosts dividend, steadies oil output in new CEO plan Read More »
(Reuters) – Hasso Plattner, co-founder of German software firm SAP, concluded an agreement with a bank, which was not named, to dispose of nearly 1.46 million shares of the company, a disclosure release said on Wednesday. Plattner, who according to Refinitiv data personally owns a 3.16% stake and a 3.44% stake via his foundation, intends …
SAP co-founder Plattner intends to sell nearly 1.46 million shares Read More »
BERLIN (Reuters) – The German Economy Ministry said on Wednesday it expects a moderate economic recovery over the further course of year, citing easing price pressures in the global energy market and an expected rebound in the global economy, among other factors. An “economic” recession in the sense of a more sustained downturn is not …
German econ ministry sees moderate economic recovery in 2023 Read More »
BRUSSELS (Reuters) – EU antitrust chief Margrethe Vestager will hold a news conference on an antitrust case at 1045 GMT, the European Commission said on Wednesday without providing details. Vestager is expected to focus on alleged anti-competitive practices by Alphabet’s Google in its digital advertising business, a person familiar with the matter has previously told …
EU’s Vestager to hold news conference, focus expected on Alphabet’s Google Read More »
