Article content BERLIN — Porsche’s potential stock market listing is central to funding Volkswagen’s electrification plans, the carmaker’s chief financial officer said on Monday ahead of a board meeting to discuss whether the listing will go ahead. Volkswagen’s management and supervisory boards will meet later on Monday to discuss whether the long-anticipated listing of Porsche […]
Article content CERNOBBIO — A buyout of Italian infrastructure group Atlantia by the Benetton family and U.S. fund Blackstone Inc could be completed by the end of the year, Atlantia’s chairman said on Sunday. The bidders proposed a 58 billion euro ($57.7 billion) offer in April to take the airport and motorway operator private but […]
Article content Russia’s Gazprom said on Saturday that Siemens Energy is ready to help repair broken equipment for the Nord Stream 1 gas pipeline, but there was nowhere available for them to carry out the work. In a statement, Gazprom said Siemens Energy was taking part in repair work in accordance with an existing contract […]
Article content Australia’s Ramsay Health Care Ltd said on Thursday it received an alternate proposal from a group led by KKR & Co, which includes an option for Ramsay shareholders to retain a majority stake in 52%-owned Ramsay Generale De Sante. The offer is an alternate option to the near $15 billion unsolicited takeover offer […]
Article content MOSCOW — The Russian rouble pulled back from last week’s near four-week high against the dollar on Monday but held near its strongest levels this month, with a tax payment period that usually sees exporters convert forex revenues into roubles looming. At 0735 GMT, the rouble was 1.4% weaker against the dollar at […]
Article content European shares fell on Friday and were set for a weekly loss, on fears that a tighter monetary policy, inflationary pressures, and an energy crisis could push the global economy into a recession. The pan-European STOXX 600 slid 0.3% as of 0721 GMT, with travel stocks leading the declines. Among the biggest drags […]
Article content MOSCOW — The rouble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertilizer producer Phosagro surged after strong results. At 0704 GMT, the rouble was 0.5% stronger against the dollar at 59.20 […]
Article content MOSCOW — Russia’s pipeline monopoly Transneft said on Friday that payment for oil transit to the Czech Republic has reached the bank and that confirmation from Ukraine is expected, Russian state-owned news agency RIA reported. Ukraine on Aug. 4 suspended transit shipments to Europe after Western sanctions on Russia prevented it from receiving […]
Article content SINGAPORE — Oil prices drifted lower on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand. Brent crude futures dipped 7 cents, or 0.1%, to $97.33 a barrel by 0642 GMT, while U.S. West Texas Intermediate crude […]
Article content MUMBAI — Indian Oil Corp plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday. The state-run oil marketing company will offer a yield of 5.78% on these notes, and it has received commitments worth around 5 billion rupees ($62.92 million)so far, the bankers said. The […]