Benelux

Below are companyrelated news and stories from France and Benelux which could have an influence on the region's markets or private stocks. AIRPLANE: Airbus reported Q3 net income at EUR 983 million, and stated it would propose a third therm for CEO Guillaume Faury. AXA: Axa reported 9-month revenues up 7% at EUR 84.0 billion, in line with expectations. BNP PARIBAS France's most significant bank increased trading activity at its investment banking department helped it fulfill profit projections in the third quarter, after its customer finance and car-leasing organizations disappointed. ELIS: Elis revealed an earnings for Q3 at EUR 1.18...

Stellantis Chief Executive Carlos Tavares said on Friday existing European Union carbon emission rules enforce 40% higher costs on the carmaking market at a time when customers are reluctant to purchase pricey electrical vehicles. Further pressure, especially in the electrical car (EV). market, is also originating from Chinese competitors, which Tavares. stated gained from a further 30% benefit on expenses, This is producing excruciating tension on the industry, he. stated, speaking before an Italian parliamentary committee in. Rome. The executive said that energy expenses in Italy were too expensive,. double that of Spain, another European nation where Stellantis. has making...

Below are companyrelated news and stories from France and Benelux which could have an effect on the region's markets or individual stocks. LVMH: French luxury group LVMH revealed it will become a Global Partner of Solution 1 from 2025 in a brand-new 10-year arrangement. As part of the deal, several of the group's brands will be included in the collaboration, consisting of Louis Vuitton, Moët Hennessy and TAG Heuer. TOTALENERGIES: France-based oil and gas company Totalenergies held its capital markets day on Wednesday, with CEO Patrick Pouyanné saying he would meet Mozambique president to talk about the group's upcoming task...

Equatorial Guinea asked judges at the International Court of Justice (ICJ) on Monday to decline Gabon's claim to several islands in possibly oilrich waters in the Gulf of Guinea. The African neighbours, both substantial oil manufacturers, have asked the United Nations' leading court to settle a disagreement centring on the small island of Mbanié, less than a kilometre (about 1,000 lawns) long, off the coast of Gabon. Gabon's position is factually and lawfully untenable, stated Equatorial Guinea's representative at the court, Domingo Mba Esono. The dispute has actually been going on because 1972, when Gabon's army drove Equatorial Guinea soldiers...

Equatorial Guinea asked judges at the International Court of Justice (ICJ) on Monday to reject Gabon's claim to several islands in possibly oilrich waters in the Gulf of Guinea. The African neighbours, both substantial oil manufacturers, have asked the United Nations' top court to settle a dispute centring on the small island of Mbanié, less than a kilometre (about 1,000 yards) long, off the coast of Gabon. Gabon's position is factually and lawfully untenable, said Equatorial Guinea's agent at the court, Domingo Mba Esono. The dispute has been going on because 1972, when Gabon's army drove Equatorial Guinea soldiers from...

France's new Prime Minister Michel Barnier is thinking about a momentary boost in business tax on the nation's most significant business along with a tax on share buybacks as part of efforts to plug an open hole in public financial resources, Le Monde paper reported on Sunday. WHY IT is necessary Barnier, who took workplace earlier this month, already finds himself facing a growing budget crisis as tax income is weaker than expected and spending greater than planned. France's credibility with financial markets, where its obtaining costs have actually surged, and its European Union partners is on the line. BY...

Below are companyrelated news and stories from France and Benelux which might have an impact on the area's markets or individual stocks. TRADE French President Emmanuel Macron on Thursday stated he was persuaded that the CETA free-trade arrangement in between the European Union and Canada would become officially validated by all members. French senators earlier this year hit the brakes on ratifying the deal in reaction to substantial farmer protests. JET Deliveries are closing September at a slower pace than a. year back, raising increased concerns over the European. planemaker's capability to hit a revised yearly target, analysts. and market...

Below are companyrelated news and stories from France and Benelux which could have an impact on the region's markets or private stocks. EXOR: The Dutch investment holding company published results for the first half of the year with a net possession value of 38.34 billion euros. FRANCE/IRAN: French President Emmanuel Macron informed his Iranian counterpart that an enhancement in bilateral relations might just happen if there was an instant release of 3 French nationals kept in Iran. GAZTRANSPORT ET TECHNIGAZ: The French engineering company got an order from HD Hyundai Samho Co. for tank style of four brand-new LNG carriers....

Germany's federal network agency is looking into whether practices and treatments in the balancing market for wholesale electrical power could provide themselves to insider trading. A spokesperson for the authority, called Bundesnetzagentur ( BnetzA), stated activation signals utilized to indicate that balancing power was required from companies signed up with BnetzA, could be utilized to affect intraday power trading. The representative was reacting to an enquiry after expert publisher Montel, citing market sources, stated the stabilizing market used participants info privileges that could be utilized lucratively in intraday power trading. We have intensified examinations in recent months and have actually...

Dutch and British wholesale gas costs rose on Friday early morning, supported by projections of cooler weather condition while market gamers weigh strong storage inventories versus supply dangers. The benchmark front-month contract at the Dutch TTF hub was up by 1.25 euros at 37.35 euros per megawatt hour (MWh), or $12.17/ mmBtu, by 0850 GMT, LSEG information showed. In the British market the day-ahead contract acquired 3.05 cent to 88.95 cent per therm. Europe continues to deal with dangers to its supply of liquid natural gas. Regardless of full stocks, international gas markets might still tighten in coming months, ANZ...

Oil trader Vitol is under examination in the Netherlands, the general public district attorney's workplace stated on Friday, validating a report by Dutch investigative news website Follow The Money (FTM). FTM on Thursday reported that the prosecutors' workplace was examining supposed bribery in Kazakhstan. Neither the district attorneys' office nor the business would verify the focus of the probe. A representative for the prosecutor's office said an examination had actually been launched but might not expose its nature. or scope. Vitol likewise verified it had been contacted by a Dutch. authority regarding specific historical activities in Kazakhstan. and stated it...

Italy's industry minister said on Thursday he anticipated within hours a firm commitment by Stellantis over its plan to construct a batterymaking plant in the country, otherwise the federal government would move public funds for the task somewhere else. ACC, a battery joint endeavor in which Stellantis is the biggest financier, has plans for 3 gigafactories in Europe. However earlier this year it said it was putting on hold works on 2 of them, in Italy and Germany, as the company switches to lower expense batteries amid slowing demand for electric automobiles. Stellantis need to offer us a reply, and...

India's steel ministry favours a temporary tax to curb rising steel imports, a senior official with direct understanding of the matter stated, as it seeks to safeguard steelmakers reeling from a rise in more affordable Chinese imports. A temporary protect task would assist suppress Chinese imports, and a procedure to enforce the responsibility would start quickly, stated the official, who asked for privacy as the considerations are not public. India, the world's second-biggest crude steel manufacturer, ended up being a net importer of the alloy in the fiscal year to March 31, 2024, and the pattern has actually continued since...

Tanzania's primary opposition celebration has called for telecoms firm Tigo to react to a previous staff member's accusation that the company helped the government track the place of a challenger who was later on targeted in a. stopped working assassination effort. A former employee at Tigo's moms and dad company, Millicom,. told a British court this month that Tigo had shared mobile. phone information with the federal government revealing the area of. opposition lawmaker Tundu Lissu in the weeks before the attack. Lissu's vehicle was sprayed with bullets in September 2017 by. unidentified opponents, according to court filings seen ....

Tanzania's primary opposition party has actually required telecoms firm Tigo to react to a previous worker's allegation that the business helped the government track the area of an opponent who was later on targeted in a. failed assassination attempt. A previous worker at Tigo's moms and dad company, Millicom,. informed a British court this month that Tigo had actually shared mobile. phone information with the government revealing the location of. opposition lawmaker Tundu Lissu in the weeks before the attack. Lissu's car was sprayed with bullets in September 2017 by. unidentified foes, according to court filings seen . Tigo needs...

MercedesBenz and U.S. battery start-up Factorial are working on a solidstate battery that needs to considerably increase electrical automobile variety and be all set for production by the end of the decade, the companies said on Tuesday. The brand-new battery, called Solstice, ought to extend EV range about 80% above today's average, with an energy density of 450 Watt-hours per kilogram, the companies said in a declaration. Solid-state batteries have actually been billed as a game-changing technology for EVs, as they must minimize fire threat and allow for lighter, lower-cost cars and trucks than can take a trip further on...

In May, Volkswagen financing chief Arno Antlitz alerted that Europe's top carmaker had about two or 3 years to prepare for cutthroat competitors from abroad, generally China. Last week, he cut that already-tight schedule by a year, sending out shockwaves through the international auto sector by threatening to shut plants in the business's home market for the first time. While a lot of Volkswagen's challenges - from a weakening Chinese market to a slower than anticipated switch to electrical cars, have actually pestered it for a while, 2 recent developments have made things even worse for the German group, according...

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...

India's Hindalco on Tuesday reported firstquarter revenue below price quotes, hurt by a dive in costs connected to interruptions at its Novelis unit's. Switzerland plant. Consolidated net earnings for the Aditya Birla Group-owned. company surged 25% to 30.74 billion rupees (about $366 million). Experts, on average, anticipated a revenue of 36.71 billion rupees,. according to LSEG data. Novelis, which accounts for more than 60% of the. company's total income, sustained a net cash effect of $80. million from the shutdown of its Switzerland-based plant, it. stated in a statement. Hindalco's total expenses grew over 4% to. 522.61 billion rupees. However,...

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 following are the top stories on the business pages of British newspapers. has not confirmed these stories and does not guarantee their accuracy. The Times - Anglo American took a $1.6 billion writedown at its Woodsmith mine fertiliser project in Britain. - Britain's accounting guard dog, the Financial Reporting Council, provided financial sanctions totalling 48.2 million pounds ($ 61.98 million) in the year to the end of March, going beyond the previous record of 46.5 million pounds ($ 59.79. million) embeded in the 2021-22 fiscal year. The Guardian - Financial innovation company Revolut has actually secured a UK banking....

CHALLIS NATIONAL FOREST, Idaho, July 22 (). T he only U.S. cobalt mine sits fallow in the northern Idaho. woods, a mothballed hunk of steel and dirt that is too costly. for its owner to operate since Chinese rivals have flooded. international markets with inexpensive supplies of the bluish metal used in. electric vehicle batteries and electronic devices. Jervois Global, which dug the mine into the side of a. almost 8,000 foot (2,400 meter) mountain, saw helplessly. last year as cobalt costs plunged after China's CMOC. Group opened the Kisanfu mine in the Democratic. Republic of Congo, pressing international production...

A steel plant in the southern Italian city of Taranto must be closed down if it positions substantial dangers to the environment and human health, the European Court of Justice said on Tuesday. The plant, which when had the biggest output in Europe, remains a major employer in a financially depressed part of southern Italy. It is greatly indebted and has faced legal difficulties over its ecological and health effects for many years. Now known as Acciaierie d'Italia (ADI), however typically referred to by its old name Ilva, the website was placed under government administration in February, ending the involvement...

France captain Kylian Mbappe took part in a practice match on Saturday in his very first competitive action considering that breaking his nose, scoring twice against the under21 side of German club Paderborn, where the French are based for the European Champion. Mbappe was called on the bench but did not play in Friday's 0-0 draw with the Netherlands in France's second Group D game after fracturing his nose in the 1-0 win over Austria in their first video game last Monday. He was hurt in a collision with Austria's Kevin Danso. Mbappe used a mask versus Padereborn's academy players,...