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Top StoriesShell, Chevron and Petrobras Weigh Guyana Oil Auction Bids -Sources
Top StoriesNetflix Cuts Prices in Some Countries to Boost Subscriptions, Shares Drop
Top StoriesAsia Shares Creep Higher, Wary on Fed and BOJ Outlooks
Top StoriesDelivery Hero Ramps up Interest Payments to Raise 1 Billion Euro Convertible Bond
Italy’s Mps Sees ‘safe Habour’ Ahead After Strong Quarter
Date: February 8, 2023
By Valentina Za MILAN (Reuters) -Italian state-owned bank Monte dei Paschi di Siena (MPS) on Wednesday joined peers in solidly beating profit forecasts, thanks to a boost from higher interest rates. MPS also began to reap the benefits of cost cuts in the fourth quarter ending Dec. 31, after using part of the proceeds from...
European Shares Hit Nine-Month High on Upbeat Cues From Fed’s Powell
Date: February 8, 2023
By Ankika Biswas (Reuters) -European shares hit an over nine-month high on Wednesday, lifted by positive cues from U.S. Federal Reserve Chair Jerome Powell’s overnight remarks, while Finnish refiner Neste and Norway’s Equinor steered energy stocks higher on upbeat earnings. The pan-European STOXX 600 was up 0.8%, after hitting its highest level since April 2022...
EU Considers Ban on ‘forever Chemicals’, Urges Search for Alternatives
Date: February 7, 2023
(Reuters) – The European Union on Tuesday started to consider a proposal to ban widely used substances known as PFAS or “forever chemicals” in what could become the bloc’s most extensive piece of regulation of the chemical industry. The substances have been used in tens of thousands of products, including aircraft, cars, textiles, medical gear...
Drug Companies Face Covid Cliff in 2023 as Sales Set to Plummet
Date: February 6, 2023
By Michael Erman and Patrick Wingrove NEW YORK (Reuters) – Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up against a steep COVID cliff and investor pressure to spend their windfalls wisely. Western drugmakers including Pfizer Inc, BioNTech SE, Moderna Inc, Gilead Sciences Inc,...
UK New Car Sales Rise in January, Full-Year Sales to Top Last Year – Smmt
Date: February 6, 2023
(Reuters) – New car registrations in the United Kingdom rose for the sixth straight month, recording a 14.7% annual rise in January due to robust sales of electric vehicles and large fleets, and full-year sales are expected to top last year’s, an industry body said on Monday. The Society of Motor Manufacturers and Traders (SMMT)...
Lockmaker Assa Abloy Boosts Dividend, but Wary on Outlook
Date: February 3, 2023
STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, raised its dividend more than expected as it met quarterly profit forecasts on Friday, signalling its confidence even as it braces for an uncertain economic outlook. The Swedish group reported a 28% increase in fourth-quarter operating profit to 5.15 billion Swedish crowns ($49.62 billion) from 4.01 billion...