BOGOTA (Reuters) -Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million. The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group’s self-consumption energy portfolio, the company said in a …
Colombia’s Ecopetrol buys wind power project from Enel for $50 million Read More »
By John Revill, Oliver Hirt and Richa Naidu ZURICH/LONDON (Reuters) -Nestle’s recent announcement that Chairman Paul Bulcke will step down followed rising investor unease over the food group’s share price, the tenure of previous CEO Mark Schneider and concerns its corporate governance model was out of date, investors told Reuters. Support for Bulcke, 70, was …
Exclusive-Nestle chair’s exit followed rising unease over direction, investors say Read More »
BUCHAREST (Reuters) – The median forecast of a Reuters poll of analysts puts Romanian inflation at 5.6% year-on-year at the end of June, up from May’s 5.45%. Analysts expect inflation at 6.2% by the end of 2025, above the central bank’s 4.6% forecast, driven by higher value added tax and other levies which will be …
Romanian macroeconomic indicators and interest rate forecasts Read More »
BRUSSELS (Reuters) -Irish Finance Minister Paschal Donohoe is set to serve a third term as president of the Eurogroup of euro zone finance and economy ministers, after his two rivals for the post withdrew their candidacies on Monday. Donohoe, who has already served two terms of 2-1/2 years, has said that the euro area needed …
Ireland’s Donohoe set for third term as Eurogroup head Read More »
(Reuters) -British luxury carmaker Jaguar Land Rover reported a 10.7% drop in first-quarter sales, its Indian parent Tata Motors said on Monday, hit by a temporary pause in shipments to the U.S and a wind-down of the Jaguar brand’s legacy models. JLR, known for its Range Rover sport utility vehicles, sold 87,286 units to dealers …
Carmaker JLR’s quarterly sales drop 11% after US exports halt, Jaguar wind-down Read More »
ROME (Reuters) -Italian authorities on Monday appointed a special commissioner to help Danish drugmaker Novo Nordisk speedily deliver its promised 2 billion-euro ($2.34 billion) investment in a factory south of Rome. As part of Novo Holdings’ takeover of pharmaceutical company Catalent last year, Novo Nordisk acquired a site in Italy along with two others, one …
Italy set to speed through $2.3 billion Novo Nordisk investment Read More »
By Shadia Nasralla LONDON (Reuters) -Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31. The energy group’s chemicals business suffered unplanned maintenance at its Monaca polymer plant in the …
Shell flags profit hit from weakness in gas trading and chemicals business Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European Commission in a decision in April said the iPhone …
Apple takes fight against $587 million EU antitrust fine to court Read More »
By Anastasia Lyrchikova and Alexander Marrow MOSCOW (Reuters) -Russian prosecutors are seeking to seize billionaire Konstantin Strukov’s majority stake in major gold producer Uzhuralzoloto (UGC) for the state. A hearing at the Sovetsky District Court in the Urals city of Chelyabinsk is scheduled for July 8 in a case that marks the latest in a …
Explainer-Konstantin Strukov, the Russian gold billionaire facing Russian asset seizure Read More »
MILAN (Reuters) -Stellantis vehicle output at its Italian plants declined 27% in the first half compared with a year-ago period, pointing to a further production decline this year after a steep drop in 2024, the FIM Cisl union said on Monday. Fiat-owner Stellantis, which since last month has been led by new CEO Antonio Filosa, …
Stellantis Italian output down 27% in first half, union says Read More »
