Belgium

Brazil's Petrobras will include a minimum of one partner in its quote for a. 40% stake in Galp Energia's Mopane oil prospect in. Namibia, 2 sources with knowledge of the matter told Reuters. Recently, Petrobras' director of exploration and. production, Sylvia dos Anjos, informed Reuters that the state-run. company had actually made a non-binding offer for a stake that would make it. operator of the Mopane block off Namibia's coast. She did not. detail just how much of the 40% Petrobras was looking for. The firm will not seek the complete 40% stake alone, the sources. said on condition of...

A Belgian strategy to grant state aid to an unit of French energy business Engie to help it extend the life of 2 atomic power plants triggered an EU competition investigation on Monday over issues it could breach the bloc's rules. Belgium and Engie clinched a handle December in 2015 for the life time extension of the nuclear reactors Doel 4 and Tihange 3 to preserve the security of electricity supply in Belgium and neighbouring countries. While the Belgian step appears justified, at this phase, the Commission has doubts regarding its compatibility with EU State aid rules, the European Commission,...

Numerous business hesitate to buy vital minerals and energy shift projects due to uncertainty about customer need for EVs and federal government commitment to zerocarbon objectives, industry players said. The long-term photo is undamaged of a world needing large quantities of materials such as lithium, cobalt and copper to enable the world to quit utilizing nonrenewable fuel sources. The timing of the next numerous years, however, is in concern, they stated at the World Materials Forum in Paris last week. Both the European Union and 12 U.S. states intend to prohibit new gas cars and truck sales by 2035, however...

An objective by Youri Tielemans after 73 seconds and a late one for Kevin De Bruyne gave Belgium a 20 win over Romania in an incredible, actionpacked game on Saturday that set up a last round face-off with all four groups in Group E on three points. It was a Euro 2024 Saturday night special played in an impressive atmosphere in Cologne, with the only secret being how there were only two objectives. It suggested that, for the very first time in European Champion history, all four teams in a group are on equal points after two rounds, following Ukraine's...

Europe has actually clocked a. record number of hours of negative power rates this year due to. a mismatch between need and supply as solar energy generation. soars, potentially helping to move investment to much needed. storage options. Wholesale power markets in most of Europe's key economies. turned out no or negative prices for a record variety of hours. in the first 5 months of this year at times of low demand. That means producers more frequently need to pay to unload. power, or stop their plants. One could definitely state that, at this moment, success is. consuming its own...

Below are companyrelated news and stories from France and Benelux which might have an influence on the region's markets or specific stocks. ADP: French airport operator stated on Tuesday that Augustin de Romanet de Beaune had actually been designated interim Chairman and CEO of Aéroports de Paris, citing a decision of the French Prime Minister Gabriel Attal. ATOS: Czech billionaire Daniel Kretinsky is taking a look at options to try to encourage financial institutions to side with him in the battle for Atos, a source near the matter stated, as the distressed IT company seeks a debt restructuring strategy by...

Below are companyrelated news and stories from France and Benelux which could have an impact on the area's markets or individual stocks. Euronext: Euronext reported a Q1 changed EBITDA of 251.3 million euros, beating consensus that had anticipated 234.9 million. Eutelsat: Eutelsat verified its full-year 2023-24 monetary objectives. Wendel: Wendel said it finished its 51% stake acquisition in IK Partners. Trigano Trigano posted a half-year present operating earnings of 243.2 million euros Eiffage: Eiffage published first-quarter revenues of 5.2 billion euros. and confirmed its 2024 outlook. CGG SA: CGG repeated its 2024 monetary goals, and published a. first-quarter net loss...

Below are companyrelated news and stories from France and Benelux which could have an influence on the area's markets or individual stocks. FRANCE-CHINA: President Xi Jinping admired China's ties with France as an international model on Sunday as he arrivedin Paris for an unusual check out against a background of installing trade disputes with the EU. China's President is due to meet French President Emmanuel Macron Macron and European Commission chief Ursula von der Leyen on Monday. AUTOMOBILES France's Bruno Le Maire and other federal government ministers satisfy with executives from the country's top carmakers to seal a new sector...

Below are companyrelated news and stories from France and Benelux which could have an effect on the area's markets or individual stocks. ARGAN Published Q1 rental income up 6% YoY at 48.1 million euros ATOS Said it apppointed Alain Crozier as brand-new independent director to board ECONOCOM Said it had finalised the sale of Les Abeilles to Boluda group EUROFINS SCIENTIFIC Said it had closed the acquisition of Ascend Medical GTT Gotten two AIPs for freight transfer operations in between VLECs KERING Appointed Armelle Poulou as Chief Financial Officer RENAULT Said that shipping group CMA CGM officially joined Flexis, its...

Belgian seller Colruyt said on Tuesday it would offer about 30% of its stake in energy business Virya Energy to its majority investor Korys, and the whole of Dreambaby to Supra Bazar. The Virya offer is based on an equity value of about 600 million euros ($ 650.64 million), Colruyt said in a statement, adding it would schedule a cash inflow of about 180 million in its 2023/24 financial year. The deal would also result in a one-off impact on its net outcome, the business added. Virya - established by Colruyt and Korys in 2019 - is active in developing,...

Tanker company Euronav will exit Belgium's bluechip Bel20 index after simply two days of trading, as it no longer meets the subscription conditions after its takeover by Compagnie Maritime Belge (CMB), bourse operator Euronext said on Tuesday. CMB, owned by the Saverys household, and affiliates together hold 88.61% of the exceptional shares in Euronav, which surpasses the optimum enabled the index. The Bel 20 rulebook prescribes that need to the obtaining party own more than 85% of the shares, the company being acquired will leave the index, Euronext said. Belgium's Euronav revealed in October that its 2 major investors, CMB...

The following are the top stories on the business pages of British newspapers. has not validated these stories and does not vouch for their accuracy. The Times - Britain's John Lewis Collaboration has actually designated previous Tesco executive Jason Tarry as its next chairman following Sharon White's decision to step down from the seller. - The Australian financial group Macquarie is among the consortium of lending institutions to Thames Water's parent company Kemble Water Finance. The Guardian - CVS Group, one of Britain's most significant veterinary chains, said on Monday it recently recognized and intercepted unauthorised external access to a...

The following are the top stories in the Financial Times. Reuters has not validated these stories and does not guarantee their accuracy. Headlines - Starmer cautioned he can not sidestep Brussels in bid to reset UK-EU relations - Shell to cut 20% of employees in oil and gas expedition units - Elon Musk's X braced for ban in Brazil amid fight with judge - Thyssenkrupp Steel executives quit in the middle of tension over Kretinsky approach Summary - Keir Starmer can not avoid Brussels as he seeks to improve the UK's post-Brexit ties with the European Union, officials in the...

Belgian chemicals group Solvay goals to provide Europe with rare earth metals for long-term magnets utilized in EVs and wind turbines from its refurbished plant in France, to help the continent decrease reliance on China, the company said. The group validated routine production at the plant in La . Rochelle ought to start in early 2025 and stated it aimed to satisfy. 30% of Europe's requirements for long-term magnets by 2030. It is the only facility in Europe able to process light and. heavy unusual earth materials at an industrial level. Solvay supports a tactical shift for Europe to start....

The United States is reviewing the strictest components of a ban on Russian diamonds from the Group of 7 significant democracies, after opposition from African countries, Indian gem polishers and New York jewellers, seven sources stated. The sanctions package, concurred in December and consisting of a. restriction across the European Union, represents one of the industry's. biggest shakeups in decades. 2 of the sources familiar with the negotiations said the. Americans had actually disconnected from G7 working groups on the. stringent controls, with one explaining them as there but not. engaging. The U.S. State Department declined to comment. A senior...

South Africa's federal government is scrutinising BHP Group's proposed offer to purchase Anglo American, a spokesperson said, with the offer likely to issue authorities the coming weeks before a general election where the governing celebration's bulk is at danger. The deal worth about $39 billion would involve Anglo leaving its platinum and iron ore assets in South Africa. It might set off big capital outflows and more damage the nation's track record as a location for mining financial investment. Anglo's potential exit would mark the end of a period for a. company established in Johannesburg over a century earlier. South...

Global steel need is expected to increase by 1.7% to 1.793 billion metric lots in 2024 and to increase further in 2025, the World Steel Association said on Tuesday. The association expects India to be the main driver of need development as Chinese need continues to decline. After two years of decline and serious post-pandemic market volatility, there are indications of international steel demand settling in a growth trajectory in 2024 and 2025, the industry group's. declaration stated. Global need in 2025 is expected to rise by 1.2% to 1.815. billion tons, it said. Evident steel use in China, the...

Antwerp cops carried out 6 raids on Wednesday and made four arrests as part of an examination into some diamond imports presumed of being Russianorigin, Antwerp's public prosecutor office said in a. statement on Friday. The investigation is the first related to the EU and Group. of Seven (G7) import restriction on diamonds from Russia that started on. Jan. 1 to punish Moscow for its intrusion of Ukraine. A wider ban. on Russian-origin stones imported via 3rd nations started on. March 1. Russia's state-owned company Alrosa is one of the. world's largest diamond miners. The investigation was introduced after custom-mades...

BHP Group is weighing its next move after its initial $39 billion proposition to purchase Anglo American was declined. The world's No. 1 miner might table a formal deal on or before May 22 or look for an extension. It may likewise firmly insist that Anglo un-bundles the South African platinum and iron ore units that BHP does not want in a merged company. Anglo is a family name in Africa's most industrialised economy with its links to South African mining sustaining for more than a century. Here is how South Africa's regulatory procedures will operate if BHP goes on...

Below are companyrelated news and stories from France and Benelux which might have an impact on the area's markets or individual stocks. AXA French insurance provider on Friday revealed execution of a share redeemed arrangement in relation to AXA's share buy-back program of approximately eur 1.6 billion. CMA CGM The unlisted French shipping firm on Friday said its core revenues dived 82.5% in the 4th quarter from a year earlier, topping a disappointing year that saw disturbances to sell the Red Sea and weak customer demand. SAINT GOBAIN The business said it signed a contract to get all impressive shares...