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