By Ron Bousso and Arunima Kumar LONDON (Reuters) – Japan Petroleum Exploration (Japex) is seeking buyers for its stake in an oilfield in the British North Sea, the latest in a string of exits from the ageing basin as companies face growing uncertainty over government tax plans. Japex is calling for bids for its 15% …
Japan’s Japex seeks UK North Sea exit with oilfield stake sale Read More »
(Reuters) – The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S. Treasury Secretary Janet Yellen plans to warn in a speech, according to a report in the New York Times on Thursday. Yellen’s critique is set to be delivered in remarks to the Council on Foreign …
Yellen to warn sweeping tariffs would ignite inflation, NYT reports Read More »
BENGALURU (Reuters) -Nestle India reported a nearly 9% decline in quarterly profit on Thursday, hurt by higher ingredient prices and weaker demand for its packaged food. The Indian arm of Swiss food major Nestle reported profit before exceptional items and tax of 10.21 billion rupees ($121.51 million) for the second quarter ended Sept. 30. Consumer …
Nestle India’s Q2 profit slides on weak demand, higher costs Read More »
HANOI (Reuters) – A court in Vietnam on Thursday handed a life sentence to real estate tycoon Truong My Lan on financial fraud charges, after she was sentenced to death in April in a separate trial. Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of obtaining property by …
Vietnam tycoon Lan gets life sentence; already has death sentence from separate trial Read More »
(Reuters) – India’s Jindal Stainless reported a drop in second-quarter profit on Thursday, as falling steel prices offset a drop in input costs. The company’s consolidated profit after tax fell 20% to 6.09 billion rupees ($72.4 million) for the three months ended Sept. 30. The stainless steel maker’s net revenue came in at 97.77 billion …
India’s Jindal Stainless posts Q2 profit decline on lower steel prices Read More »
(Corrects reference in 2nd paragraph to company valuation (not the value of offering), changes the figures to 23 billion zlotys from 21.5 billion zlotys) GDANSK (Reuters) – Shares in Polish convenience store group Zabka rose 7% on their stock market debut in Warsaw on Thursday. The company priced its initial public offering (IPO) at 21.50 …
MADRID (Reuters) -Spanish steel maker Sidenor sent a letter stating it was considering a tender offer for part or all of the shares of train manufacturer Talgo, the latter said late on Wednesday in a filing to the stock market regulator. Talgo did not say whether Sidenor disclosed the stake it intends to buy or …
Spanish steel maker Sidenor announces possible tender offer for Talgo Read More »
By Anton Bridge TOKYO (Reuters) – British fintech firm Wise has won approval for direct access to Japan’s bank payment clearing network, becoming the first foreign financial company to do so, it said on Thursday. The move could put pressure on banks including megabanks such as Mitsubishi UFJ and smaller players such as SBI Shinsei …
By John Irish BRUSSELS (Reuters) – The EU’s foreign policy chief on Thursday appeared to criticise the United States giving Israel one month to improve the humanitarian situation in Gaza, saying that during that time, too many people would die. “The U.S. has been saying to Israel that they have to improve humanitarian support to …
EU’s Borrell questions US giving Israel one month to improve Gaza situation Read More »
By Alasdair Pal and Jill Gralow SYDNEY (Reuters) -Beaches in Sydney including the iconic Bondi were closed to bathers on Thursday after hundreds of black balls suspected to be toxic washed up on the city’s shores. Waverley Council said it had closed Bondi, Bronte and Tamarama beaches as a precaution, while neighbouring Randwick Council has …
