Europe Business

Societe Generale's Ivory Coast unit 2018 net profit up 6 pct

12h51 The Ivorian arm of French bank Societe Generale made a net profit of 42 billion CFA francs ($72 million) in 2018, up 6 percent from 39.62 billion CFA francs in 2017, a company statement in newspaper Fraternite Matin showed on Thursday.  Full story

Airline SAS braces for pilot strike as midnight deadline nears

16h59 Seventy thousand travellers with SAS will see their flights cancelled on Friday unless negotiators agree a last-minute deal to stop nearly all of its around 1,500 pilots going on strike after midnight, the carrier said. . .  Full story

Commerzbank investor pins hopes on new deal as Deutsche Bank talks collapse

16h59 The collapse of merger talks between Commerzbank and Deutsche Bank is good news, a top Commerzbank shareholder said on Thursday, betting that the bank will seek an alternative deal with another European rival.. . .  Full story

Goldman Sachs, Bank of England and Treasury targeted by climate activists in London

16h39 More than 300 environmental activists sowed chaos through London's financial district on Thursday, gluing themselves to the stock exchange and blocking roads outside the Bank of England and major banks such as Goldman Sachs.. . .  Full story

Russia's Novatek to sell 20 pct in Arctic LNG 2 to China

16h17 Two Chinese companies signed agreements with Russia's Novatek on Thursday to buy a combined 20 percent stake in its new liquefied natural gas project, Arctic LNG 2.. . .  Full story

Drugmakers Astellas, Amgen to pay $125 mln in U.S. charity kickback probe

16h09 Two drugmakers will pay nearly $125 million to settle claims they used charities that help cover Medicare patients' out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging the use of their. . .  Full story

Robusta coffee slips to 3-year low, raw sugar also weakens

16h05 Robusta coffee fell to its lowest level in more than three years on Thursday, weakened by producer and speculative selling as the market struggled to absorb surplus supplies.. . .  Full story

Brent oil hits $75 for first time in 2019 as Russian exports cut

16h02 Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to. . .  Full story

UK regulator blocks Sainsbury's $9.4 bln takeover of Walmart's ASDA

15h47 Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.. . .  Full story

Irish pharma group Uniphar eyes 2019 stock market listing - source

15h40 Irish pharmaceuticals group Uniphar has hired stockbroker Davy and RBC Capital Markets to sound out investors for a possible initial public offering (IPO) in 2019, a source familiar with the matter said on Thursday.. . .  Full story

Chinese demand helps elevator maker Kone to aim higher

15h32 Finnish elevator maker Kone on Thursday nudged up its forecasts for 2019 sales and profits, citing strong first quarter orders in China as a driver of the company's growth.. . .  Full story

CRH sees interest in potential sale of European distribution arm

15h18 Irish building materials group CRH has had a lot of interest in its European distribution arm ahead of a decision in the next two to three months on whether to trigger a sale, Chief. . .  Full story

German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

15h17 German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring. . .  Full story

Gold firms as weak data puts focus back on growth risks

15h09 Gold inched higher on Thursday as weak economic data rekindled fears over global growth, while bullion's recovery from four-month lows and an improved technical picture prompted some investors to cover their short positions.. . .  Full story

RBS considering internal and external candidates for CEO role -chairman

15h05 Royal Bank of Scotland will consider both internal and external candidates to replace outgoing Chief Executive Ross McEwan and has appointed headhunter firm Spencer Stewart to lead the search, the bank's Chairman Howard Davies said. . .  Full story

EDF Energy extends outage at UK nuclear reactor where cracks were found

14h59 EDF Energy, owned by French power company, has extended an outage at its Hunterston B8 nuclear reactor in Scotland by two weeks while the nuclear regulator assesses whether it is safe for it to. . .  Full story

Russia's Gazprom discusses gas deliveries to China with CNPC

14h59 Russian gas producer Gazprom has discussed gas deliveries to China with China National Petroleum Corporation (CNPC), Gazprom said in a statement on Thursday.. . .  Full story

With merger blocked, what happens to Sainsbury's and Asda?

14h49 Britain's competition regulator on Thursday blocked Sainsbury's 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda, saying it would have resulted in higher prices for shoppers.. . .  Full story

Less to lose: Germany's poorer East embraces tech revolution

14h33 From the 12th floor of Jenoptik's headquarters, chief executive Stefan Traeger points to his laser factory and the university that provides it with talent. Welcome to "Optics Valley" - a role model for. . .  Full story

ExxonMobil increases its exploration acreage offshore Namibia

14h32 ExxonMobil Corp said on Thursday it plans to increase its exploration acreage offshore Namibia this year, including acquisition of seismic data and analysis.. . .  Full story

Strong dollar, growth fears push industrial metals lower

14h25 Prices of copper and most other industrial metals fell on Thursday as worries over the global economic outlook increased and the U.S. dollar hit its strongest in almost two years, making metals more expensive. . .  Full story

Poland's PKN says supply secure as Russian oil suspended

14h10 Poland's biggest oil refiner PKN Orlen has no plans at the moment to tap strategic state oil reserves after supplies from Russia stopped overnight, as it has enough crude from other sources, a board. . .  Full story

Germany has enough supply to cope with Russian oil pipeline halt

14h06 German refineries have adequate oil stocks to deal with a halt to import flows on the Russian Druzhba pipeline, a spokesman for industry group MWV said on Thursday.. . .  Full story

Shell, unions to meet on Thursday to discuss Pernis wage dispute - union

13h47 Dutch trade unions will meet with Royal Dutch Shell on Thursday afternoon to discuss the wage dispute which has hit production at Shell's Pernis oil refinery and Moerdijk chemical plants in recent weeks.. . .  Full story

Maruti Suzuki India to phase out diesel cars, sees weak year ahead

13h45 Maruti Suzuki India Ltd said on Thursday it would stop making all diesel cars beginning April next year and forecast a weak rate of growth for the current fiscal year, blaming uncertain fuel prices and. . .  Full story

Germany, Poland halt oil imports via Russian pipeline over quality concerns

13h37 Poland and Germany have suspended imports of Russian oil via a major pipeline, citing poor quality and triggering a rare crisis over supply from the world's second-largest crude exporter.. . .  Full story

UK minister: Huawei leaks "unacceptable", criminal investigation possible

13h03 British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the "unacceptable" disclosure of confidential discussions on the role of China's Huawei Technologies in 5G network supply chains.. . .  Full story

Acacia Mining core profit slumps as Tanzania woes continue

13h02 Acacia Mining Plc reported a slump in underlying core earnings as it struggled with production issues at its North Mara gold mine in Tanzania.. . .  Full story

Malawian telecoms company TNM's 2018 profit up 27 percent

12h46 Telkom Networks Malawi's (TNM) net profit rose 27 percent last year, helped by improved revenue streams and cost management, it said on Thursday.. . .  Full story

Volkswagen plans electric vehicle plant with JAC in China -local govt

12h45 German automaker Volkswagen AG's joint venture with China's Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.. . .  Full story

Belgian bank Degroof Petercam's audit under scrutiny by ECB, source says

12h40 Belgian bank Degroof Petercam has been audited by the Belgian central bank over how it guards against money laundering, and a source at the European Central Bank said the ECB's Supervisory Board would take. . .  Full story

Nokia plunges to surprise quarterly loss, shares hit six-month low

12h36 Finland's Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their. . .  Full story

Energy firm Iberdrola casts eye over Britain's ENW after strong Q1

12h34 Leading wind energy producer Iberdrola raised its 2019 guidance for net profit and dividend growth on Thursday, and said it might bid for UK distribution network operator Electricity North West (ENW).. . .  Full story

Wirecard seeks to refocus on growth after audit approval

12h29 German payments company Wirecard sought on Thursday to refocus on growth after securing audit approval of annual results which had been delayed by allegations of fraud and false accounting at its Singapore office.. . .  Full story

UK PM May clear protecting national security information is of highest importance -spokesman

12h26 British Prime Minister Theresa May is clear the protection of information on national security matters is of the highest importance, her spokesman said on Thursday.. . .  Full story

Growth worries keep German Bund yield below zero percent

12h23 Germany's 10-year government bond yield fell to a two-week low below zero percent on Thursday, a day after a disappointing German Ifo sentiment survey that exacerbated concerns about the euro zone's economic outlook.. . .  Full story

China expresses regret S.China Sea issue has harmed UK ties

12h20 Chinese Vice Premier Hu Chunhua expressed regret on Thursday to visiting British finance minister Philip Hammond that the South China Sea issue had harmed ties, after a British warship sailed close to islands claimed by. . .  Full story

Fashion retailer Laura Ashley hits life-low after another results warning

12h17 Fashion retailer Laura Ashley Holdings Plc warned its annual results would be significantly below market view after a challenging third quarter, sending its stock price to an all-time low on Thursday.. . .  Full story

Taylor Wimpey warns on margins, British homebuilders slump

12h08 Britain's third-largest homebuilder Taylor Wimpey warned on Thursday the rising cost of building materials would weigh on profit margins this year, hitting shares across the sector.. . .  Full story

Poland's PKN sees Russian crude quality improving within days

12h05 Poland's biggest refiner PKN Orlen expects the quality of Russian oil in the Druzba pipeline supplying Poland to improve within days, a board member said on Thursday.. . .  Full story

Nomura suffers 1st annual loss in a decade, scraps directors' bonuses

12h04 Japan's Nomura Holdings Inc reported an annual loss for the first time in a decade and said it would not pay directors' bonuses, amid rising pressure to right its wholesale business and drastically pare back. . .  Full story

Vattenfall Q1 profit grows as higher power prices offset output drop

12h03 Swedish utility Vattenfall reported increased operating and post-tax profit for the first quarter of 2019 on Thursday, as higher power prices than the same period last year offset a reduction in electricity generation.. . .  Full story

UK 5G supply chain review will report when ministers have made decisions -minister

12h03 The British government's review of the 5G supply chain will report its conclusions once ministers have made a decision but National Security Council conversations should be confidential, culture minister Jeremy Wright said on Thursday.. . .  Full story

European shares dip as mixed earnings trickle in, growth worries linger

11h58 Nokia stood out for the wrong reasons on Thursday as European shares edged lower following a mixed bag of earnings from the region and concerns for the euro zone economy resurfaced after a weak. . .  Full story

China fast-tracks railway, highway projects to spur growth

11h56 China has approved or revived railway and highway projects since the second half of 2018, as Beijing accelerated infrastructure spending to spur growth in the world's second-biggest economy. The. . .  Full story

Vodafone and Orange expand network-sharing deal in Spain

11h53 Mobile operators Vodafone and Orange <ORAN .PA> will expend their network sharing agreement in Spain in cover small cities and enable the faster deployment of 5G technology, Vodafone said in a statement on Thursday.. . .  Full story

Switzerland's UBS counts on market recovery to meet 2019 targets

11h44 Switzerland's biggest bank UBS is counting on a pick-up in market conditions to meet its 2019 targets, after investment bank earnings plunged 64 percent in the first quarter.. . .  Full story

Swedbank admits money laundering flaws, cooperating with U.S. authorities

11h41 Swedbank admitted to failings in combating money laundering and said on Thursday it was facing investigations in the United States, adding to pressure over its Baltic business.. . .  Full story

Anglo American Q1 output falls; copper, Minas-Rio iron ore rise

11h39 Anglo American said on Thursday technical problems dragged first-quarter production down 6 percent, but copper output rose, as did that of iron ore from its Minas-Rio mine in Brazil, which ramped up operations after. . .  Full story

Swiss medtech sector tells members to brace for EU turbulence

11h39 Switzerland's medical technology lobby advised members on Thursday to brace for trouble should the government reject a stalled bilateral treaty with the European Union, potentially hurting access to the crucial EU market.. . .  Full story

Britain will not use high-risk vendors in critical parts of 5G networks - minister

11h34 Britain will not consider high risk equipment vendors in security critical parts of its next-generation 5G networks, Cabinet Office minister David Lidington said on Thursday.. . .  Full story

Spanish unemployment rises after election debate clash over jobs

11h29 Spain's unemployment rate edged closer to 15 percent in the first quarter as its services sector shrank, highlighting a persistent weak link in the economy days before a hotly contested national election.. . .  Full story

German oil industry says currently no trouble with Russian oil quality

11h25 Germany's oil industry for the time being sees no problems with the quality of Russian crude oil and the products derived from it, industry association Mineraloelwirtschaftsverband (MWV) said on Thursday.. . .  Full story

Gucci owner Kering close to settling Italian tax case for 1.3-1.4 bln euros - sources

11h23 French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three. . .  Full story

British engineer Senior warns of hit from 737 MAX cuts

11h23 British engineer Senior Plc on Thursday warned that margins in its largest aerospace division will be hurt by Boeing Co's production cuts following the global grounding of 737 MAX planes.. . .  Full story

Carpetright sees sales improvement despite British retail gloom

11h11 Shares in UK flooring retailer Carpetright surged on Thursday after it said UK sales had improved in the fourth quarter, a year after its creditors and investors backed a rescue plan which saw it. . .  Full story

Belarus offers Russia to reverse oil flows to get rid of contaminated oil

11h11 Belarus has made an offer to Russia to reverse oil flows on the Druzhba pipeline to get rid of contaminated oil and start pumping oil via an alternative route, Belarusian state oil concern Belneftekhim. . .  Full story

Merger call-off by Deutsche, Commerzbank "private sector decision" - minister

11h04 Germany's Labour Minister Hubertus Heil acknowledged the announcement of the country's two biggest banks, Deutsche Bank and Commerzbank to discontinue end talks to merge as a "private sector decision of two companies", he said on. . .  Full story

Deutsche Bank says to post first-quarter profit above expectations

10h54 Deutsche Bank expects to post a first-quarter net profit of about 200 million euros ($223 million), beating analysts' expectations of 29 million.. . .  Full story

Tracking Africa’s smuggled gold

10h51 It took Reuters journalists a few days of research to work out that the numbers coming out of Africa’s vast gold trade did not add up.. . .  Full story

Czech pipeline operator says Russian oil transport running as normal

10h37 Czech pipeline operator Mero said on Thursday transport of Russian oil was proceeding according to plan and shipments with lower quality had not yet reached the country, a spokeswoman said.. . .  Full story

Sainsbury's leads FTSE 100 lower, Taylor Wimpey warning knocks housebuilders

10h32 British shares were in the red on Thursday as investors soured on Sainsbury's after the company scrapped its proposed takeover of Walmart's Asda, while Taylor Wimpey's warning on margins triggered a sell-off among housebuilders.. . .  Full story

Royal Bank of Scotland CEO McEwan to step down after more than five years

10h23 Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signalling a fresh start as it heads for full private ownership after a state bailout.. . .  Full story

Iberdrola will keep control of Brazil's Neoenergia after planned IPO

10h20 Iberdrola chairman and CEO Ignacio Sanchez Galan, said:. . .  Full story

China issues extra crude oil import quota for private refiners - sources

10h20 China has issued additional crude oil import quotas of 4.31 million tonnes to seven independent refiners to be used for 2019, two sources with knowledge of the matter said on Thursday.. . .  Full story

Devro says trading good despite African swine fever, trade wars

10h05 Sausage-skin maker Devro said trading in North America, South East Asia and China was favourable so far in 2019 even as it faces a possible hit to Chinese pork output from African swine fever. . .  Full story

Britain's Barclays hit by struggling investment bank, flags cost cuts

09h49 Profit at Barclays fell 10 percent in the first quarter as its under-pressure investment bank struggled with tough markets, prompting it to signal further cost cuts if these conditions persist.. . .  Full story

Russian government to hold meeting on oil quality as problems worsen - sources

09h42 Russian government officials will hold a meeting on Thursday to discuss oil quality issues after Poland and Germany halted imports of Russian crude via a major pipeline, two industry sources said.. . .  Full story

Why Spain's election is so open, and how it may pan out

09h30 Spain is readying for one of its most tightly contested national elections in decades, with the result too close to call and at least five parties from across the political spectrum with a chance. . .  Full story

Contaminated Russian oil to reach Slovakia, Hungary in 4-5 days - Belarus

09h29 Contaminated oil from a major Russian pipeline would reach Slovakia and Hungary in 4-5 days, Belarussian company Gomeltransneft Druzhba said in a statement.. . .  Full story

Saudi Telecom hires banks for debut dollar sukuk

09h10 State-run Saudi Telecom has hired six banks to arrange its first issue of U.S. dollar-denominated sukuk, or Islamic bonds, the company said on Thursday.. . .  Full story

Retailer Carrefour's shares rise after Q1 sales growth accelerates

09h06 Carrefour's shares rose on Thursday after the French supermarket retailer reported late Wednesday that sales growth had accelerated in the first quarter of this year.. . .  Full story

Bayer gets Monsanto profit boost but legal burden mounts

08h56 German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the legal burden it took on with the deal mounted.. . .  Full story

Engineer Meggitt signals softer 2019 after strong first quarter

08h49 British engineering company Meggitt Plc reported organic revenue growth of 9 percent in the first quarter, but warned it would face tougher comparisons for the rest of 2019 and the potential for air traffic. . .  Full story

Pulp helps paper maker Stora Enso Q1 profits

08h46 Finnish paper firm Stora Enso reported higher-than-expected first quarter profit on Thursday helped by its pulp division.. . .  Full story

Finland's Wartsila Q1 orders miss estimates amid sluggish market recovery

08h34 Wartsila said on Thursday its quarterly order intake lagged estimates, as the Finnish engineering group struggled with a slow of recovery in the marine industry and subdued activity in the energy market.. . .  Full story

Tullow Oil cuts output guidance, Kenya timeline 'ambitious'

08h32 Tullow Oil downgraded its 2019 output guidance to 90,000-98,000 barrels of oil per day (bpd) due to problems at its Ghana fields and sees final go-aheads for its Uganda in the second half. . .  Full story

Philippines says won't bar Chinese proposals for shipyard takeover

08h26 All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said on Thursday, ruling out barring Chinese firms over national security fears.. . .  Full story

China strength boosts Birkin maker Hermes' sales in Q1

08h05 Hermes, the French leather goods manufacturer behind the $10,000 plus Birkin and Kelly handbags, said on Thursday that strong demand in mainland China helped its sales grow at a faster pace in the first quarter.. . .  Full story

Exxon, Chevron first-quarter earnings expected to dip from last year

07h00 Exxon Mobil and Chevron are expected to report lower quarterly earnings per share when compared with last year's first quarter, though their stocks have outperformed smaller companies with both in the midst of aggressive expansion. . .  Full story

Korea National Oil Corp hires Scotia to sell stake in UK explorer -sources

04h49 State-run Korea National Oil Corp (KNOC) has hired Canada's Scotia Bank to help find a financial partner for a 30 percent stake in its British subsidiary Dana Petroleum, two banking sources said.. . .  Full story

COLUMN-Global aluminium output flatlines as outages offset ramp-ups: Andy Home

03h00 Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute (IAI).. . .  Full story

Asterion frontrunner for Telefonica's data centre deal -source

24/04 Investment fund Asterion is ahead of its competitors to buy the data centre business of Spanish telecoms operator Telefonica, a source with knowledge of the deal told Reuters on Wednesday.. . .  Full story

British pension fund USSL to buy telecom co KCOM for 504 mln pounds

24/04 British pension fund Universities Superannuation Scheme Ltd (USSL) said its Humber Bidco unit would buy telecommunication company KCOM for 504 million pounds ($651.42 million), sending KCOM shares soaring more than 30 percent.. . .  Full story

Anadarko confirms Occidental's $57 billion bid

24/04 Oil and gas producer Anadarko Petroleum Corp on Wednesday confirmed Occidental Petroleum Corp 's $57 billion offer for the company that topped Chevron Corp's $50 billion bid and said it would carefully review the offer.. . .  Full story

Boeing axes 210 orders after India's Jet stops flying

24/04 Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India's Jet Airways.. . .  Full story

Who will succeed Carney to run Britain's central bank?

24/04 Britain is searching for a new governor of the Bank of England to succeed Mark Carney in early 2020.. . .  Full story

U.S. issues new Hezbollah-related sanctions

24/04 The United States on Wednesday imposed sanctions on several individuals and entities under a program targeting the Iran-backed armed Shi'ite group Hezbollah.. . .  Full story

German shares hit 6-1/2 mth high as SAP surges, broader Europe ticks lower

24/04 German shares hit their highest in 6-1/2 months on Wednesday, outperforming their European peers as a surge in software firm SAP helped technology post their best days since August 2015, while the broader market. . .  Full story

FTSE 100 slumps as oil price boost fades; KCOM jumps on buyout bid

24/04 Britain's main equities index dropped on Wednesday as oil majors weakened amid signs that global markets remain adequately supplied, while telecom group KCOM sky-rocketed after agreeing to a takeover deal.. . .  Full story

More than 40 million people work in artisanal mining- report

24/04 More than 40 million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and. . .  Full story

Copper rebounds on hopes for trade deal and Chinese growth

24/04 Copper and other base metals recovered on Wednesday from the previous day's losses, buoyed by hopes for a U.S.-China trade deal and stronger economic growth in top metals consumer China.. . .  Full story

Michelin confirms its 2019 guidance as Q1 sales rise

24/04 Michelin reported higher first quarter sales, helped by its recent acquisitions of the Camso and Fenner businesses, and the French tyre maker stuck to its 2019 financial guidance for a rise in annual, underlying profits.. . .  Full story

Algeria won't extend crude-for-products deal with Vitol beyond April - sources

24/04 Algerian state energy company Sonatrach has decided not to extend its crude-for-oil products deal with trading house Vitol that ends this month, two sources with direct knowledge of the matter said.. . .  Full story

Britain to allow Huawei restricted access to 5G network

24/04 Britain will allow Huawei Technologies a restricted role in building parts of its 5G network, seeking a middle way in a bitter dispute between the United States and China over the next generation of communications. . .  Full story

Britain starts search for "highest calibre" Bank of England governor

24/04 Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England to help steer the world's fifth-biggest economy, and its global financial centre, through the upheaval of Brexit.. . .  Full story

Axa provided insurance cover for Notre-Dame artworks for a few million euros

24/04 French insurer AXA said on Wednesday that it had provided insurance coverage for a few artworks from Notre-Dame Cathedral for a maximum amount of a few million euros.. . .  Full story

Oil firm Equinor agrees climate change targets with investors

24/04 Norwegian oil and gas company Equinor will revise its climate targets next year and assess its investments against U.N.-backed goals following talks with major investors.. . .  Full story

Cyprus 30-year bond rush shows euro debt horizon lengthening

24/04 Cyprus's first 30-year bond sale was overloaded with orders on Wednesday, with high demand for such long maturities showing just how much Europe's bond market is adjusting to expectations of persistently low interest rates and. . .  Full story

Italy eyes real estate for cash as privatisations become a mirage

24/04 Italy will fall far short in this year's privatisation programme to rein in public debt, coalition officials said, with the government now aiming to raise a third of the originally planned amount by selling. . .  Full story

Azeri SOCAR's refinery to process 6.1 mln T of oil in 2019

24/04 The only oil refinery in Azerbaijan, owned by state energy company SOCAR, plans to keep volumes of processed oil at around 6.1 million tonnes in 2019, the same as last year, SOCAR's vice president. . .  Full story

Shell strikes big oil in Blacktip well of Gulf Of Mexico

24/04 Royal Dutch Shell's U.S. unit said on Wednesday that it had made one of its biggest oil discoveries in the Blacktip deepwater well in the U.S. Gulf of Mexico.. . .  Full story

Allianz, Amundi considering tie-ups with Deutsche Bank's DWS -sources

24/04 Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank's DWS, sources close to the matter said on Wednesday.. . .  Full story

Global aluminium output flatlines as outages offset ramp-ups: Andy Home

24/04 Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute (IAI).. . .  Full story