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Savannah Resources raises lithium reserve estimate at Portugal mine project by 40%

By Sergio Goncalves LISBON (Reuters) -London-listed Savannah Resources said on Monday it has increased its estimate for the reserves of its lithium mine project in northern Portugal by 40% after completing additional prospecting work. The estimated reserves of the Barroso deposit of spodumene — a lithium-bearing mineral — now stand at more than 39 million …

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Factbox-US and Europe do billions in trade with Russia despite sanctions

(Reuters) -U.S. President Donald Trump said on Saturday that the United States was prepared to impose fresh energy sanctions on Russia, but only if all NATO nations ceased purchasing Russian oil and implemented similar measures. More than three years after Russia launched its full-scale invasion of Ukraine, the U.S. and European Union still import billions of …

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UK’s AO World boosts profit outlook and unveils share buyback, shares soar

(Reuters) – British electronics retailer AO World laid out plans for its first-ever share buyback and raised the lower end of its annual adjusted pre-tax profit forecast on Monday, with the announcement sending its shares as much as 15.6% higher. Amid sticky inflation, AO World’s discounted pricing via its membership program has helped retain customers …

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ECB should not alter policy on small deviations from inflation target, Kazimir says

FRANKFURT (Reuters) -The European Central Bank should not adjust policy in the case of small deviations from its inflation target and should instead focus on the big picture, ECB policymaker Peter Kazimir said on Monday. The ECB left interest rates unchanged on Thursday and maintained an upbeat view on the economy, indicating that it was …

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Exclusive-Wheat for Chinese cars? Russia turns to barter to skirt sanctions

MOSCOW (Reuters) – Old-fashioned barter is on the rise in Russia’s foreign trade for the first time since the 1990s, as companies seeking to outfox Western sanctions swap wheat for Chinese cars and flax seeds for building materials. Even as Russia builds warm ties with China and India, the return of barter shows just how …

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Italy trade surplus widens y/y in July

September 15 (Reuters) -Italy posted a trade surplus with the rest of the world of 7.908 billion euros ($9.28 billion) in July, compared with a surplus of 6.817 billion euros in the same month of 2024, data showed on Monday. Exports rose 7.3% year-on-year, while imports increased 6.1%, national statistics office ISTAT reported. With European …

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Prosthetics maker Ottobock prepares Frankfurt IPO in test of market strength

BERLIN (Reuters) – German prosthetics maker Ottobock said on Monday that it is preparing for an initial public offering on the Frankfurt stock exchange, in an important test of market strength for equity listing projects in the region. “The IPO is expected to consist of shares from the holdings of the existing shareholder as well …

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LSEG rolls outs blockchain-based platform for private funds

(Reuters) -The London Stock Exchange Group said on Monday that it has made its first transaction on a blockchain-based infrastructure platform it has launched for private funds as the data and analytics group expands its offerings. The Digital Markets Infrastructure platform, developed in partnership with Microsoft , will help with end-to-end transactions – from issuance …

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