Reuters UK Business

Germany’s Rheinmetall to produce shells at new plant in Ukraine, Kyiv says

11 Sep 2025

KYIV (Reuters) -German arms giant Rheinmetall plans to manufacture artillery shells for Ukrainian forces at a future production plant in Ukraine, Kyiv’s defence minister said on Thursday. “On September 9, land was allocated in a safe region of Ukraine, where a new plant will be built to manufacture Rheinmetall shells for the needs of the …

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Petrobras taps France’s Vallourec for $1 billion offshore pipe order

11 Sep 2025

(Reuters) -Brazilian state-run oil company Petrobras has commissioned steel tubes maker Vallourec for the supply of its offshore operations through 2029, the steel tubes maker announced on Thursday. The order, which includes the supply of carbon and stainless steel pipes and associated services, could generate revenues of up to $1 billion, the group said. It …

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Energean secures $4 billion in new Israeli gas offtake, conflicts hurt output

11 Sep 2025

By Shadia Nasralla (Reuters) – Eastern Mediterranean focused gas producer Energean secured $4 billion worth of new Israeli gas offtake contracts in the first half of the year, the group said on Thursday, bringing its contract pipeline to $20 billion over the next two decades. However, the London-listed group cut its annual production forecast for …

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Exclusive-France’s Artemis won’t exit Puma stake at current value, source says

11 Sep 2025

By Tassilo Hummel PARIS (Reuters) – Artemis, the Pinault family’s holding that controls Gucci-owner Kering, will not sell its 29% stake in sports brand Puma at the current market value and is not engaged in talks over a deal, a source close to the firm told Reuters on Thursday. The comments, the first from a …

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ECB governors eye December as next chance for any cut, sources

11 Sep 2025

FRANKFURT (Reuters) -European Central Bank policymakers see their December meeting as the most realistic time frame to debate whether an another interest rate cut is needed to buffer the euro zone economy from the impact of U.S. tariffs, three sources told Reuters. The ECB left rates unchanged on Thursday and maintained an upbeat view on …

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Oracle takes a breather after AI-powered record run toward $1 trillion club

11 Sep 2025

By Joel Jose and Akash Sriram (Reuters) – Oracle shares retreated on Thursday after a record AI-driven surge in the previous session that put the company closer to the trillion-dollar mark and co-founder Larry Ellison within striking distance of the world’s richest person title. The enterprise software maker’s remarkable rise, fueled by a wave of …

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