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MOSCOW (Reuters) -Foreign oil tankers are being temporarily barred from loading at Russia’s main Black Sea ports following new regulations, two industry sources said on Wednesday, effectively blocking exports from Kazakhstan handled largely by a consortium partly owned by U.S. energy majors. The lack of port access to foreign ships, which also affected Russian oil …

Kazakh Black Sea oil exports halted by new Russian regulations, sources say Read More »

(Corrects paragraph 4 to show Saipem won contracts for 5.085 billion euros, not 4 billion euros, in second quarter last year) MILAN (Reuters) -Italian energy contractor Saipem reported a 39% annual rise in its second-quarter core earnings and confirmed its guidance for this year on Wednesday. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) …

Energy contractor Saipem posts 39% rise in second-quarter core profit Read More »

By Mireia Merino (Reuters) -Spanish defence and technology firm Indra said on Wednesday its net profit soared 88% in the first six months of the year, thanks to operational improvements and the one-off impact of the increase in the valuation of its stake in TESS. European defence stocks have been gaining ground recently amid heightened …

Indra’s profit nearly doubles on operations boost, higher TESS stake valuation Read More »

BERLIN (Reuters) -German Chancellor Friedrich Merz will host French President Emmanuel Macron for talks over dinner in Berlin on Wednesday, with Europe’s battle to soften incoming U.S. tariffs and support for Ukraine expected to top a packed agenda. The meeting, taking place at Villa Borsig in the German capital’s leafy outskirts, brings together the leaders …

Tariffs and conflicts loom large over Merz and Macron’s working dinner Read More »

By Philip Blenkinsop BRUSSELS (Reuters) -The European Union is heading towards a trade deal with Washington that would result in a broad 15% tariff on EU goods imported into the U.S., avoiding a harsher 30% levy slated to be implemented from August 1, two EU diplomats said on Wednesday. The rate, which could also extend …

EU heading towards 15% tariff deal with US, EU diplomats say Read More »

By Pietro Lombardi MADRID (Reuters) -Europe’s largest utility Iberdrola raised 5 billion euros ($5.87 billion) through a capital increase on Wednesday to help pay for a big rise in investments in power grids in Britain and the United States. The move represents the biggest accelerated bookbuild in Spain since banking group Santander raised 7.5 billion …

Iberdrola raises $5.9 billion to fund growth in US and Britain Read More »

By Sanchayaita Roy, Twesha Dikshit and Ragini Mathur (Reuters) -European shares closed near two-week highs on Wednesday, led by automakers, as investors anticipated a possible agreement between the United States and European Union to soften the blow of growth-denting tariffs. Futures tracking the pan-European STOXX 600 index got a further boost and were last up …

Automakers propel European shares to two-week highs on US-EU trade deal optimism Read More »

MILAN (Reuters) -Italian luxury outerwear group Moncler reported on Wednesday a 1% decline at constant exchange rates in second quarter revenues, with its key eponymous brand affected by a decline in tourist spending in Europe and Japan. For the Moncler brand, sales in Asia slowed compared with the first quarter and were flat, mostly due …

Moncler’s revenues slipped in second quarter, hit by lower tourist spending Read More »

BRUSSELS (Reuters) -The European Union and the United States are heading towards a trade deal that would result in a broad tariff of 15% applying to EU goods imported into the United States, two diplomats said on Wednesday. The rate, which could also extend to cars, would mirror the framework agreement the United States has …

EU, U.S. heading towards 15% tariff deal, EU diplomats say Read More »

(Reuters) -Britain’s FTSE 100 rose on Wednesday to a record close for a third straight session, helped by positive corporate updates, while a U.S.-Japan trade deal also boosted global sentiment. The benchmark FTSE 100 closed up 0.4% at 9,061.49 points. The domestically oriented midcap FTSE 250 also gained 0.4%. U.S. President Donald Trump struck a …

FTSE 100 closes at record high as investors assess earnings and US-Japan trade deal Read More »