Category: Uncategorized
Russian oil producers send CPC Blend to UAE, open new export route
Reuters Reuters exclusively reported that Russian oil producers supplied their first cargoes of CPC Blend crude to the United Arab Emirates (UAE) in August and September, traders told Reuters, opening up a new export route as Moscow looks to find new customers and skirt Western sanctions. The post Russian oil producers send CPC Blend to…
Read MoreHitachi offers to sell assets to win EU okay for Thales rail deal
Reuters Reuters exclusively reported that Hitachi (6501.T) has offered to sell assets in France and Germany as well as its core train control technology to gain EU antitrust approval for its 1.7 billion euro ($1.8 billion) buy of Thales’ (TCFP.PA). GTS railway signalling business. The Japanese conglomerate put in its offer to the European Commission…
Read MoreBayer’s new CEO plans to cut management jobs in prelude to overhaul
Reuters Reuters exclusively reported that Bayer’s (BAYGn.DE) new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up. The post Bayer’s new CEO plans to cut management jobs in prelude to overhaul appeared first on Reuters…
Read MoreECB’s crucial 2024 projection to put inflation above 3%
Reuters Reuters scored two major victories in its reporting this week of the European Central Bank’s cliff-hanger interest rate meeting. First, on the eve of the meeting, it exclusively reported that the ECB would revise upwards its inflation forecasts, acknowledging that inflation would remain above 3% next year – well above target. That was seized…
Read MoreEni, Repsol to upgrade oil-for-debt deal with Venezuela
Reuters Reuters exclusively reported that European oil majors Eni (ENI.MI) and Repsol (REP.MC) plan to expand an oil-for-debt deal with Venezuela under U.S. approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries to Europe. The post Eni, Repsol to upgrade oil-for-debt deal with Venezuela appeared first on Reuters News Agency.…
Read MoreUkraine winter wheat sowing seen unchanged despite export crisis
Reuters Reuters exclusively reported that Ukrainian farmers are not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the wartime export crisis. Ukraine is a major wheat producer and the demise of the Black Sea corridor used to safely export grain during the war…
Read MoreGerman 2024 fiscal cushion jumps to 67 billion euros on green transition
Reuters Reuters exclusively reported that Germany’s fiscal support is expected to rise to a total of 67.1 billion euros ($72.36 billion) in 2024 to drive the transition towards a greener economy, up from 37.9 billion euros in 2021. The post German 2024 fiscal cushion jumps to 67 billion euros on green transition appeared first on…
Read MoreDanaher in the lead to acquire biomedical equipment vendor Abcam
Reuters Reuters exclusively reported that Danaher Corp (DHR.N) is in the lead to acquire Abcam Plc, a provider of supplies to life science researchers with a market value of $5.4 billion, as it expands its biomedical offerings. The post Danaher in the lead to acquire biomedical equipment vendor Abcam appeared first on Reuters News Agency.…
Read MoreBayer investor Artisan calls for breakup of company
Reuters Reuters exclusively reported that Artisan Partners is requesting the “de-merging” two of Bayer’s three business arms, adding to a chorus of demand for change from other investors. The post Bayer investor Artisan calls for breakup of company appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/bayer-investor-artisan-calls-for-breakup-of-company/
Read MoreTurkey shocks with big rate hike to 25%, boosting lira
Reuters Reuters was first to report when Turkey’s central bank shocked markets by hiking its interest rate by 750 basis points to 25%, three times the size of the expected tightening. The lira currency immediately rallied more than 7%, bank stocks jumped 8% and dollar bonds gained more than 2 cents. The move was Turkey’s…
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