By Pavel Polityuk and Susanna Twidale KYIV/LONDON (Reuters) -Ukraine said on Tuesday it would suspend the flow of gas through a transit point which it said delivers almost a third of the fuel piped from Russia to Europe through Ukraine, blaming Moscow for the move and saying it would move the flows elsewhere. Ukraine has …
Ukraine to halt key Russian gas transit to Europe, blames Moscow Read More »
By Anna Ringstrom and Marie Mannes STOCKHOLM (Reuters) -Swedish Match shares leapt to a record high on Tuesday after Marlboro-maker Philip Morris International Inc said it was in talks to buy the Stockholm-based company in a bet on the fast-growing market for cigarette alternatives. A deal could be announced imminently valuing Swedish Match at close …
Swedish Match strikes record high on Philip Morris $16 billion takeover move Read More »
(Reuters) – Europe’s biggest private equity firm CVC Capital Partners has pushed back its stock market listing plans, the Financial Times reported on Tuesday. The buyout group has told analysts it expects its initial public offering to take place this autumn or early in 2023, the report said, citing two people with knowledge of the …
PE firm CVC Capital pushes back stock market debut plans -FT Read More »
By Manas Mishra and Michael Erman (Reuters) – Pfizer Inc said on Tuesday it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co, making a big bet on its ability to boost sales of the top-selling pill in a new class of migraine drugs. The boards of both companies have approved the deal, they …
Pfizer to pay $11.6 billion for Biohaven to tap migraine market Read More »
(Reuters) -Electronic Arts said on Tuesday it was ending a nearly three-decade partnership with world soccer governing body FIFA, pulling the plug on one of the world’s most successful video-game franchises that has raked in billions of dollars in sales. Months of tense negotiations between EA and FIFA ended without an agreement to extend a …
Game over: EA ends decades-long partnership with FIFA Read More »
BERLIN (Reuters) – German investor sentiment rose slightly in May on expectations that a deterioration in Europe’s largest economy will be less intense than previously expected. The ZEW economic research institute said its economic sentiment index rose to -34.3 points from -41.0 in April. A Reuters poll had pointed to a May reading of -42.0. …
German investor morale rises in May as expectations moderate Read More »
(Corrcts to show nominations for Slovakia were down (not up), paragraph 4) LONDON (Reuters) -Eastbound gas flows via the Yamal-Europe pipeline from Germany to Poland jumped on Tuesday, data from the Gascade pipeline operator showed. Exit flows at the Mallnow metering point on the German border rose to 11,297,464 kilowatt hours per hour (kWh/h), from …
Eastward flows via Yamal-Europe gas pipeline jump -operator data Read More »
PRAGUE (Reuters) – Czech energy firms are in talks with the government on creating a loan scheme which would help cover their liquidity needs in case of extreme electricity price spikes, CEZ Chief Financial Officer Martin Novak said on Tuesday. Power producers have faced needs to immediately supply cash to power exchanges to cover their …
CEZ CFO: firms and state in talks on liquidity back-up scheme Read More »
(Reuters) -European stocks rose from two-month lows on Tuesday, as bargain hunters returned to buy beaten-down shares following a bruising selloff on worries about a sharp slowdown in the global economic growth. The pan-European STOXX 600 index rose 1.2%, with most sectors barring defensive healthcare stocks gaining. Global stocks have been hammered in May, with …
European stocks make tentative gains amid global growth worries Read More »
BERLIN (Reuters) – Germany is moving away from its plan to establish a strategic national coal reserve, sources from the government and industry told Reuters on Tuesday. The plan is no longer a priority for the Economy Ministry following a meeting to sound out utilities on the matter, they said. The original proposal was to …
Exclusive: Setting up national coal reserve no longer priority for Germany – sources Read More »
