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Strong Results Lift Europe’s Stoxx 600 to Near Seven-Week Highs
Date: July 27, 2022
By Susan Mathew, Devik Jain (Reuters) -European shares scaled near seven-week highs on Wednesday as a string of strong results from companies including Russia-exposed lender UniCredit and Britain’s Smurfit Kappa provided some comfort in an otherwise gloomy environment. The STOXX 600 index closed 0.5% higher, with shares of French IT consulting firm Atos surging 16.2%...
Lloyds, Reckitt Drive Gains in Britain’s FTSE 100
Date: July 27, 2022
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – Britain’s blue-chip index rose on Wednesday, as a jump in oil stocks and strong forecasts from heavyweights Reckitt Benckiser and Lloyds Banking Group overshadowed concerns over a slowing economy and soaring inflation. The FTSE 100 index gained 0.6% and the domestically focussed midcap 250 edged 0.4%...
Beneath a Portrait of Putin, Some Ukrainians Embrace Russian Passports
Date: July 27, 2022
KHERSON, Ukraine (Reuters) – As the Soviet-era melody of the Russian national anthem filled the room, a small group of Ukrainians in this city seized by Russian troops nearly five months ago swore allegiance to Moscow before being handed freshly minted Russian passports. “I love Russia. Glory to Russia!” said Igor Chaika, 58, one of...
Fate of Ukraine’s Second Biggest Power Plant in Balance After Russian Advance
Date: July 27, 2022
By Natalia Zinets KYIV (Reuters) – The fate of Ukraine’s second biggest power plant hung in the balance after Russian-backed forces claimed to have captured it intact, but Kyiv did not confirm its seizure, saying only that fighting was underway nearby. If confirmed, the seizure of the Soviet-era coal-fired Vuhlehirsk power plant in eastern Ukraine...
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...
Russia’s Rosneft Starts Construction of Huge Arctic Oil Terminal
Date: July 26, 2022
MOSCOW (Reuters) – Russian energy giant Rosneft said on Tuesday it has started construction of an Arctic oil terminal at the Bukhta Sever port, part of its huge Vostok Oil project, aimed at facilitating development of the Northern Sea Route. The port will become Russia’s largest oil terminal with 102 reservoirs to be built by...