By Alex Lawler and Ahmad Ghaddar LONDON (Reuters) -OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC supply also rises while fuel demand growth slows. On Sunday, the group earmarked an extra 137,000 barrels per day for …
As oil glut fears mount, OPEC+ restrains output rises for now Read More »
(Reuters) -The British pound dipped against the dollar on Tuesday but gained slightly against the euro and yen, which remained under pressure due to political uncertainty and fiscal concerns in France and Japan. Sterling was down 0.3% against the dollar at $1.3441, but remains within its recent range. “It’s quiet for sterling at the moment,” …
Sterling slips against dollar, gains on both euro and yen Read More »
By Helen Reid and Greta Rosen Fondahn LONDON/STOCKHOLM (Reuters) -IKEA has acquired U.S. logistics technology firm Locus, the two companies said on Tuesday, a deal the Swedish furniture retailer said would make its deliveries to shoppers smoother and faster as it invests to expand online sales. The takeover is in addition to a $2.2 billion …
IKEA buys US logistics tech firm Locus in online growth push Read More »
FRANKFURT (Reuters) -Euro zone households increased their savings further in the second quarter, confounding expectations that historically high rates would reverse and unleash private consumption to support growth when exports struggle, data from Eurostat showed. The household savings rate rose to 15.4% in the second quarter from 15.2% three months earlier, Eurostat said on Tuesday, …
Euro zone households increase savings further, putting brakes on growth Read More »
By Maggie Fick, Raechel Thankam Job and Pushkala Aripaka (Reuters) -AstraZeneca’s experimental drug baxdrostat significantly lowered blood pressure over a 24-hour period in a late-stage trial of patients with treatment-resistant hypertension, the company said on Tuesday. The results mark a key step for the Anglo-Swedish drugmaker as it looks to expand in cardiovascular disease and …
AstraZeneca drug baxdrostat cuts blood pressure in key late-stage trial Read More »
By Daria Sito-Sucic SARAJEVO (Reuters) -Croatian pipeline operator JANAF and Hungarian oil group MOL will meet on Wednesday to discuss extending their cooperation beyond the expiry of their current oil transport agreement on December 31, JANAF said on Tuesday. Under the existing deal, JANAF transports 2.1 million metric tons of crude oil annually to MOL’s …
Croatia’s JANAF and MOL to negotiate oil transport deal Read More »
LONDON, October 7 -Hedge fund EDL Capital, which trades assets such as currencies and bonds based on global macro economic outlooks, has returned 29.86% so far this year, a source familiar with the situation told Reuters late on Monday. The fund, run by star trader Edouard de Langlade, a former member of Moore Capital, finished …
Hedge fund EDL Capital up almost 30% for year to end-September, says source Read More »
PARIS (Reuters) -France’s farm ministry lowered its projection for this year’s wine output on Tuesday to 36 million hectolitres, down from the 37.4 million forecast last month and 1% below last year’s harvest, citing a heatwave in August. The revised forecast, based on the latest harvest results, was 16% below the five-year average. “The grape …
France trims wine output estimate after summer heatwave Read More »
By Kate Abnett and Simon Jessop BRUSSELS (Reuters) -The European Union will double down on its support for reforming global development banks to do more to fight climate change, a draft EU document showed, a stance that puts Brussels at odds with the U.S. ahead of World Bank and IMF meetings this month. The International …
EU to push development banks’ climate focus despite US opposition, draft shows Read More »
By Emma Rumney -Younger Europeans are drinking less alcohol because of the way it tastes and concern over their health, a market research firm said on Tuesday, suggesting slow sales are a result of changing preferences rather than just a financial squeeze. Alcohol sales have been falling in developed countries in recent years, prompting debate …
Europeans ditching alcohol for taste and health reasons, research firm says Read More »
