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LOVIISA, Finland (Reuters) – Finnish utility Fortum said on Monday it has successfully started using nuclear fuel from U.S.-based Westinghouse Electric as it seeks to replace Russian nuclear fuel at its Loviisa power plant in Finland. “The loading of the new fuel is a significant milestone that guarantees a reliable Western alternative for fuel,” Fortum …

Finland’s Fortum starts using U.S. nuclear fuel in bid to reduce Russian dependence Read More »

By Nell Mackenzie LONDON (Reuters) – Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported job cuts and reduced dealmaking. Financial stocks ended the week as the most net sold sector at Goldman Sachs’ prime …

Hedge funds bet against banks, insurance and property, says Goldman Sachs Read More »

LONDON (Reuters) – British factories had their strongest month in more than two years in August as demand at home offset a fall in exports, according to a survey published on Monday that added to signs of momentum in the economy. The S&P Global UK Manufacturing Purchasing Managers’ Index rose to 52.5 from 52.1 in …

UK factories report strongest month since 2022, PMI shows Read More »

LONDON (Reuters) – Euro zone manufacturing activity remained mired in contraction in August, a survey showed on Monday, with the data suggesting a recovery could be some way off as demand fell at its sharpest pace this year. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, stood at 45.8 in …

Euro zone August factory activity stuck in a rut, PMI shows Read More »

By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in August, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing fell to 42.4 in August from 43.2 in July, above a preliminary …

Downturn in German manufacturing accelerates, PMI shows Read More »

ROME (Reuters) – Italian manufacturing activity contracted for a fifth month running in August but at a slower pace than the month before, a survey showed on Monday, suggesting the worst of a long-running factory slump may be over. The HCOB Global Purchasing Managers’ Index (PMI) for manufacturing in the euro zone’s third-largest economy rose …

Italian manufacturing downturn eases in August, survey shows Read More »

PARIS (Reuters) – France’s manufacturing activity contracted at its fastest pace since January in August, as output and new orders fell sharply, a survey showed on Monday. The HCOB France Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped slightly to 43.9 in August from 44.0 in July. Any reading below 50 indicates a …

French factory activity contracts in Aug at fastest pace since Jan, PMI shows Read More »

(Reuters) – French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million. “Closing of the sale completes the execution of the company’s 2 billion euro ($2.2 billion) deleveraging plan,” Alstom said. It had announced the sale in April as part of …

Alstom closes sale of N.American signalling business to Knorr-Bremse Read More »