CAIRO (Reuters) -British maritime security firm Ambrey said on Tuesday a Panama-flagged and UAE-linked products tanker was reportedly interdicted approximately 51 nautical miles northwest of the Iranian port of Bandar-e jesk. It said an urgency broadcast transmitted that the vessel has been “hijacked.” Ambrey said it assessed the vessel was aligned with the Iranian “shadow …
MOSCOW (Reuters) -Russia’s largest oil producer Rosneft has acquired Tomtor, the country’s largest rare earth metal deposit, a companies registry showed on Wednesday, after President Vladimir Putin’s call last year for development of the field to be accelerated. Tomtor, located in the north of the Siberian region of Yakutia, is a key project in Russia’s …
Rosneft takes control of Russia’s largest rare earth deposit, registry shows Read More »
By Stefano Bernabei and Gavin Jones ROME (Reuters) -A previously unused English word crept into the Italian language during the euro zone debt crisis of 2011 as the country’s borrowing costs soared to unsustainable levels. Ever since then “lo spread”, or the gap between the yield on Italian benchmark bonds and their German equivalents, has …
Analysis-Italians and ‘lo spread’, an obsession whose time has passed Read More »
By Yamini Kalia (Reuters) -British utility SSE on Wednesday cut its five-year investment plans by 15%, or 3 billion pounds ($4.04 billion), reflecting project delays, supply chain disruptions and also changes in the economic outlook. SSE, which has been pushing ahead towards green energy goals, reduced its investment to around 17.5 billion pounds, with its …
Utility SSE cuts investment plans by $4 billion due to project delays Read More »
LONDON (Reuters) -The chief executive of Marks & Spencer said on Wednesday he could not comment on whether the retailer had paid a ransom in a cyber attack which has cost it about 300 million pounds ($402.39 million) and which he said was the result of “human error”. ($1 = 0.7455 pounds) (Reporting by James …
M&S says cyber attack was result of human error, declines to comment on ransom Read More »
GDANSK (Reuters) -Enea has signed a 9.13 billion zloty ($2.44 billion) loan agreement with state-owned Bank Gospodarstwa Krajowego (BGK) under the EU’s Recovery and Resilience Facility, the Polish power utility said on Wednesday. The funds will be used to upgrade Enea’s power distribution infrastructure in northwestern Poland, aiming to improve the quality and security of …
Polish power company Enea signs $2.4 billion loan deal for grid upgrades Read More »
FRANKFURT (Reuters) -European Central Bank supervisors are analysing the dollar exposure of euro zone banks but there is no doubt the U.S. Federal Reserve will continue to supply liquidity at times of stress, ECB vice president Luis de Guindos said on Wednesday. U.S. President Donald Trump’s recent attacks on the Fed have raised question about …
ECB has no doubt Fed will continue to supply dollars abroad Read More »
By Olesya Astakhova, Dmitry Zhdannikov and Alex Lawler MOSCOW/LONDON (Reuters) – Behind OPEC+’s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing a second objective: taking on U.S. shale production to win back market share from the United States. OPEC’s last price war on U.S. producers …
Analysis-With output hikes, OPEC+ again targets US shale oil Read More »
LONDON (Reuters) -British house prices rose at their fastest pace since the end of 2022 in the 12 months to March, according to official data published on Wednesday. Average house prices rose by an annual 6.4%, the fastest increase since December 2022 and up from a 5.5% increase in February, the Office for National Statistics …
UK house prices rose by most since 2022 in March, official data shows Read More »
ZURICH (Reuters) -Julius Baer’s announcement of a 130 million Swiss franc ($156.36 million) writedown sent the Swiss bank’s shares tumbling more than 5% on Wednesday, putting it on the back foot as its new management seeks to turn the page on past setbacks. Julius Baer revealed the net charge late on Tuesday after a review …
Julius Baer $156 million writedown sends shares down more than 5% Read More »
