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BERLIN (Reuters) -Workers at Thyssenkrupp Steel Europe (tkSE) voted to approve a sweeping restructuring plan, setting the stage for the revival of Germany’s largest steelmaker, contingent on Thyssenkrupp AG’s commitment to finance the initiative. The IG Metall union said on Friday that 77% of participating members supported the plan, with 62% turnout in the vote …

Thyssenkrupp Steel workers approve restructuring plan, await financing Read More »

By Stine Jacobsen and Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump’s opposition to the renewable energy source. The stakes are high for the Danish state-controlled firm, which was once celebrated …

Orsted wins approval for emergency rights issue as Trump threatens US projects Read More »

VIENNA (Reuters) -Austrian oil, gas and chemicals group OMV plans to cut 2,000 of its 23,000 worldwide staff, the Kurier newspaper reported. The company said in a statement to Reuters on Friday that it might need adjustments to ensure the “competitiveness of the group” and it did not rule out what it called personnel measures. …

Austrian oil company OMV plans to cut a evening twelfth of staff worldwide, Kurier reports Read More »

By Jesús Aguado and Emma Pinedo MADRID (Reuters) -Spain’s BBVA said on Friday that its 14.9 billion euro ($17.44 billion) mostly share-based hostile bid for Sabadell is scheduled to begin on Monday, while the target bank’s chairman said the offer was worse than its earlier one. BBVA said it now expects the merger to generate …

BBVA set to launch 14.9 billion euro hostile bid for Sabadell on Monday Read More »

By Mathieu Rosemain PARIS (Reuters) -Credit Agricole SA’s investment banking arm is close to settling a criminal probe into dividend-arbitrage trades allegedly used to avoid withholding taxes, a source close to the matter said, confirming an earlier report by France Info. France’s financial prosecutor (PNF) will present a proposed fine to a Paris judge on …

Credit Agricole close to settling French dividend tax case with fine, source says Read More »

(Reuters) -Russia published a list of locally developed social media, ride-hailing and other apps that it said would keep working during its mobile internet shutdowns – blackouts that have often been ordered to disrupt Ukrainian drone attacks. The list issued on Friday included online government services, marketplaces, the Mir electronic payment system and state-backed messenger …

Russia lists local apps that will survive its internet blackouts Read More »

(Reuters) -Britain’s FTSE 100 closed lower on Friday, dragged down by energy and bank stocks, while investors assessed domestic and U.S. economic data. The blue-chip FTSE 100 was 0.1% lower on the day but ended the week marginally higher. The domestically focused FTSE 250 closed 0.5% higher but logged its second straight weekly decline. In …

FTSE 100 closes lower, dragged down by energy, banks; investors assess data Read More »

By John Revill and Oliver Hirt ZURICH (Reuters) -Swiss food giant Nestle, roiled by the sudden ouster of its CEO, faces a stern challenge with investors and analysts urging it to slim down in a tough consumer market as rivals cut costs and even break up to improve their performance. The world’s largest consumer goods …

Analysis-Nestle CEO shake-up overshadows broader malaise Read More »