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Ukraine aims for $15-20 billion IMF loan by year-end -central bank governor
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Italy’s Eni to receive lower gas volumes from Gazprom on Wednesday
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Atos shares jump after it secures financing for turnaround plan
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Reckitt ups sales forecast on price hikes and baby formula
Steel pipemaker Vallourec expects full-year core profit jump
Date: July 27, 2022
By Elena Vardon (Reuters) – Vallourec expects a big jump in 2022 core profit to between 650 million and 750 million euros ($659-$760 million), the French steel pipemaker said on Wednesday, even though its iron ore mine in Brazil is not operating at full capacity. Its previous guidance was for a result “significantly above” 2021...
BASF readies more ammonia production cuts in gas supply crunch
Date: July 27, 2022
By Ludwig Burger FRANKFURT (Reuters) -Germany’s BASF, the world’s largest chemical company, is cutting ammonia production further due to soaring natural gas prices, it said on Wednesday, with potential ramifications from farming to fizzy drinks. Germany’s biggest ammonia maker SKW Piesteritz and number four Ineos also said they could not rule out production cuts as...
Deutsche Bank extends profit streak in Q2 but warns on economy
Date: July 27, 2022
By Tom Sims and Marta Orosz FRANKFURT (Reuters) -Deutsche Bank posted a better-than-expected 51% rise in second-quarter profit on Wednesday as investment banking revenues rose, though the lender was less optimistic about the division’s prospects for the full year and warned about the economic outlook. Germany’s largest lender also dropped its cost target for the...
Dutch telecom KPN ups 2022 targets saying it can limit inflation hit
Date: July 27, 2022
(Reuters) – Dutch telecom company KPN NV on Wednesday raised full-year core profit and cash flow outlooks, saying it was confident in its measures to limit the impact of soaring inflation after a solid half-year performance. The group now targets adjusted earnings before interest, taxes, depreciation and amortisation and after leases (EBITDAAL) of more than...
Holcim hikes sales outlook on strong construction industry demand
Date: July 27, 2022
By John Revill ZURICH (Reuters) – Holcim brushed off higher energy prices and rising interest rates to hike its full-year sales guidance on Wednesday after the world’s largest cement maker beat second-quarter forecasts. The Swiss company raised its full-year sales forecast to 10% from 8% on a like-for-like basis, which excludes the impact of currencies...
At least 15 killed as anti-U.N. protests flare in east Congo
Date: July 27, 2022
By Djaffar Sabiti and Fiston Mahamba GOMA, Democratic Republic of Congo (Reuters) -Three United Nations peacekeepers and at least 12 civilians were killed during a second day of anti-U.N. protests in eastern Democratic Republic of Congo on Tuesday, authorities said. The protests were spurred by complaints that the U.N. mission, known as MONUSCO, has failed...