(Reuters) -The European Union is considering a voluntary 15% cut in natural gas use by its member states beginning next month on concerns that Russia may halt supplies of the fuel, Bloomberg reported on Tuesday, citing EU diplomats. Brussels is expected to publish plans on Wednesday for how the 27 European Union member countries can …
EU to propose 15% cut in natural gas use – Bloomberg news Read More »
LONDON (Reuters) -The National Iranian Oil Company (NIOC) and Russian gas producer Gazprom signed on Tuesday a memorandum of understanding worth around $40 billion, Iran’s oil ministry’s news agency SHANA said. The deal was signed during an online ceremony by the CEOs of both companies on the day Russian President Vladimir Putin arrives in Tehran …
Iran and Russia’s Gazprom sign primary deal for energy cooperation Read More »
BUDAPEST (Reuters) – Hungary’s parliament approved the 2023 budget bill on Tuesday, which sets out to reduce the budget deficit next year to 3.5% of economic output from a targeted 4.9% deficit this year. (Reporting by Krisztina Than and Anita Komuves)
HELSINKI (Reuters) – Negotiations over how to rescue ailing German gas importer Uniper are still in a delicate phase after nearly two weeks of daily talks, Finnish state ownership steering minister Tytti Tuppurainen told reporters on Tuesday. Helsinki is negotiating with Berlin about a rescue plan for struggling German utility Uniper, hit by curtailed Russian …
Negotiations over Uniper rescue remain delicate – Finnish minister Read More »
SOFIA (Reuters) – Bulgaria posted a current account deficit of 526 million euros ($538.73 million), equal to 0.7% of economic output in the first five months, compared to a surplus of 0.01% in the same period a year ago as imports increase, the central bank said on Tuesday. In May alone, the current account posted …
Bulgaria’s current account posts 0.7%/GDP deficit through May Read More »
MADRID (Reuters) – Shares of Spanish biopharma company Oryzon Genomics soared on Tuesday after the U.S. National Cancer Institute agreed to test a new anti-tumor drug, the company said in a statement. The collaboration will assess the safety and efficacy of iadademstat, the name of Oryzon’s drug, in cancer patients with different hematological and solid …
Spain’s Oryzon shares soar after US Cancer Institute agrees to test new drug Read More »
(Reuters) – Russian diamond miner Alrosa intends to make a coupon payment on two $500-million Eurobonds in roubles, after the sanctioned company was unable to make payment in U.S. dollars, the company said on Tuesday in a statement. Alrosa said it had “proven technically impossible” to service the debt “as a result of the sanctions …
Russia’s Alrosa to make Eurobond payment in roubles Read More »
MILAN (Reuters) – Investment platform Trade Republic said on Tuesday it had registered with Italy’s crypto industry regulator as a cryptocurrency operator. The admission to Organismo degli Agenti e dei Mediatori (OAM) has entered into effect on July 15, said Trade Republic, which started operating in the country in December. The Italian legal entity of …
Trade Republic registers in Italy as cryptocurrency operator Read More »
PARIS (Reuters) – French company TotalEnergies announced on Tuesday an expansion of its strategic alliance with the Abu Dhabi National Oil Company (ADNOC), which would examine new areas including the supply of diesel from the United Arab Emirates to France. The deal coincided with the visit to Paris of UAE President Sheikh Mohammed bin Zayed …
TotalEnergies and ADNOC to explore UAE diesel supplies to France Read More »
By Michael Shields ZURICH (Reuters) -Activist fund manager Bluebell Capital Partners is seeking changes to the board at Richemont, Richemont said https://www.richemont.com/en/home/media/press-releases-and-news/request-for-agenda-items on Tuesday, Bluebell’s first salvo against the Swiss luxury group that makes Cartier jewellery and IWC watches. London-based Bluebell, with around 250 million euros ($255.98 million) in assets, grabbed the spotlight last year …
Activist fund Bluebell targets board changes at Richemont Read More »
