market-conditions
FinanceFearing Price Moves, Italy to Act Quickly to Build Gas Stockpiles
FinanceMore U.S. Lng Exports to Europe Will Help Market, Uniper CEO Says
FinanceFrance Fines 12 Household Appliance Firms $635 Million for Price Fixing
TradingLuxury and Energy Sectors Weaken European Shares; French Stocks Fall 0.7%
China’s Cnooc Sells US Assets to Britain’s Ineos
Date: December 16, 2024
The Chinese oil and gas major said CNOOC Energy Holdings U.S.A. entered into a sales agreement with a subsidiary of INEOS relating to CNOOC’s upstream oil and gas assets in the U.S. part of the Gulf of Mexico. The deal primarily includes non-operator interests in oil and gas projects such as the Appomattox and Stampede...
Why Are Coffee Prices Trading Near Half-Century Highs?
Date: December 4, 2024
By Maytaal Angel LONDON (Reuters) – Global coffee prices have soared to their highest in nearly 50 years due to poor weather in Brazil and Vietnam, forcing roasters such as Nestle to raise prices and consumers to hunt for cheaper brews amid the cost of living crisis. Spiking prices will benefit farmers with the crop...
Ubisoft Pulls the Plug on XDefiant, to Close San Francisco and Osaka Studios
Date: December 4, 2024
(Reuters) – France’s largest video game maker Ubisoft has decided to discontinue development on XDefiant, its free-to-play first-person shooter title, it said on Wednesday. As a result, Ubisoft will close its San Francisco and Osaka production studios and ramp down production in Sydney, leading to a loss of 143 jobs in San Francisco and a...
Topps Tiles Says Board Supports Strategy After Top Investor’s Criticism
Date: December 2, 2024
By Aby Jose Koilparambil (Reuters) -Britain’s Topps Tiles said on Monday its strategy, primarily focused on expanding the retailer’s online businesses, had the “full support of the board”, responding to a letter expressing discontent from its top investor. In the letter dated Nov. 28 – reported by The Times on Sunday and seen by Reuters...
Halozyme Withdraws $2.1 Billion Buyout Offer for German Drug Developer Evotec
Date: November 22, 2024
By Sriparna Roy (Reuters) -Halozyme Therapeutics has pulled its proposal to buy Evotec SE for 2 billion euros ($2.09 billion) as the German drug developer was unwilling to engage in discussions, the U.S. firm said on Friday. Shares of Halozyme rose 4.70% to $47.80, while the U.S.-listed stock of Evotec tumbled 19.63% to $4.30. “To...
Russia’s Sovcomflot Blames Earnings Drop on Western Sanctions
Date: November 16, 2024
(Reuters) – Russia’s leading tanker group Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core earnings. The United States imposed sanctions on Sovcomflot in February, part of Washington’s efforts to reduce Russia’s revenues from oil sales that it can use to...