France

As early quarter results show businesses adapting to President Donald Trump's new tariffs, the outlook for European corporate health is slightly better, according to the latest earnings estimates released on Tuesday. According to data from LSEG, European companies will report an average growth of 0.4% for their third quarter earnings. This is higher than the 0.2% analysts expected just a week earlier. This would still be the lowest quarterly performance since the beginning of 2024. Early Results Beat Analyst Expectations So far, 96 companies in the index have reported their earnings. Of these, 56.3% exceeded analyst expectations. Volvo Cars is...

Albemarle announced on Monday that it would sell a 51 percent stake in its Ketjen refining catalyst solution business to KPS Capital Partners and its 50 percent interest in Eurecat to France's Axens SA in deals valued at approximately $660 million. Albemarle said that proceeds from the sale of lithium would be used to reduce debt and for general corporate purposes. This is part of Albemarle's efforts to increase financial flexibility and focus on its lithium and bromine core units. Albemarle has been attempting to reduce its portfolio in response to the recent drop in lithium prices, which has impacted...

Rhino Resources, a South African oil and gas firm, plans to drill a well for appraisal on a Namibian prospect in 2019 and conduct a flow-test on another to beat TotalEnergies as the first oil producer in this southern African nation. The appraisal well is scheduled for Capricornus, where a flow rate up to 11,000 barrels per day was tested. Meanwhile, the drill stem is scheduled for Volans, which is its latest find of high-yield liquid gas condensate. The new data can help the company to accelerate its discoveries off Namibia where TotalEnergies is expected to make a final investment...

The oil prices rose more than 5% Thursday, after Washington announced sanctions against major Russian companies for the Ukraine War. Major stock indexes also rose as gains by U.S. energy stocks and European energy shares offset some disappointing earnings reports. The sanctions were announced on Wednesday night and targeted major Russian suppliers Rosneft, Lukoil. The European Union approved the 19th set of sanctions against Moscow, which included a ban on Russian gas imports. Britain imposed sanctions on Rosneft & Lukoil last week. Wall Street stocks rose with indexes picking up momentum following the White House You can also check out...

In an email, IIR, a industry monitor in Nigeria, said that the Dangote oil refining company restarted its 204,000 barrels per day gasoline production on October 19, as planned. The run rate was 60%. IIR said that the unit will be expected to maintain this rate until a planned shutdown in December 2025 or January 2026 has been completed. A spokesperson from Dangote didn't immediately respond to a comment request. The unit's outage, which began late in August, improved export economics to West Africa, covering the shortfall. This helped boost European gasoline refinery margins. According to calculations, the news of...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The President of Mozambique, Daniel Chapo, said that TOTALENERGIES Mozambique has met the conditions to lift the force majeure for its $20 billion LNG project in Southern Africa. DEME GROUP The Belgian engineering company said that it had secured a contract to transport and install inter-array cable at the Nordseecluster A offshore wind farm located in Germany. CARMILA The French shopping centre operator launched a tender on four existing bonds worth 300 million euros. Pan-European market data: European Equities speed...

Stellantis revealed a prototype electric vehicle on Friday, featuring a lighter, faster charging and more affordable battery. This eliminates the requirement for an inverter or charger. IBIS, the Intelligent Battery Integrated System (Intelligent Battery Integrated System), was developed by TotalEnergies subsidiary Saft in partnership. Stellantis stated that it is the first system of its kind, and offers weight and space saving and is easier for service. The new system has a 10% higher efficiency than an electric vehicle with the same size battery, and it reduces charging times by one hour. The public has been unable to accept EVs because...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. EURONEXT Euronext, the pan-European stock exchange operator, announced on Thursday that it would be added to France's CAC 40 blue-chip index. Euronext announced that Teleperformance, a French call centre and office services company, will be excluded from the CAC 40 index. The SBF 120 index, which measures the most traded stocks, will now include Abivax and Exail Technologies, instead of Esso and OVH. The changes will take effect on September 22. ROBERTET The French fragrance group announced half-year revenue of...

The Finance Ministry said that Uganda's economy will grow at an average of 8% per year over the next five-year period, mainly due to investments in the petroleum sector and other sectors, such as transportation. The Ministry of Finance, citing Finance minister Matia Kasaija, said that the start-up of crude oil production is expected around mid-2026. This will push the growth to double digits for the fiscal year 2026/27. Last year, the International Monetary Fund predicted that Uganda's economic growth would reach double digits due to oil production. It is the first forecast of this kind by the government. Kasaija...

By America Hernandez PARIS, September 9 - TotalEnergies' CEO Patrick Pouyanne told CNBC that U.S. developer NextDecade in which Total has a stake will announce its final investment decision for an additional liquefaction plant at the Rio Grande LNG Project later Tuesday. These comments were made at the GasTech Conference in Milan, Italy on Tuesday. Pouyanne stated that the U.S. had plenty of energy for a company such as TotalEnergies. We invest in the Gulf of Mexico, continue to explore LNG and gas, and announce a new train at Rio Grande LNG. The FID is expected today. Pouyanne said that...

Shell, Equinor, and TotalEnergies announced on Monday that the first volumes of CO2 have been injected into and stored in Norway's Northern Lights Carbon Capture and Storage (CCS) Project, marking the beginning of operations. Companies said that the CO2 was being stored in a 2,600 meter reservoir (8,530 feet) below seabed. This marks a significant milestone for CCS. In a press release, Anders Opedal said that the industry of carbon capture transport and storage is scalable. The facility is a part of the heavily-subventioned Longship carbon storage and capture project in Norway, which aims to commercialise CCS to reduce CO2...

TotalEnergies has begun a 60-day planned overhaul of the small crude distillation units (CDUs), as well as a reformer, and hydrotreaters, at its Port Arthur, Texas refinery that produces 238,000 barrels per day, according to people familiar with plant operation. Sources said that the 35,000 bpd continuous catalyst reformer (CCR), along with three diesel hydrotreaters, with a combined output of 84,000 bpd and a naphtha hydrotreater with a throughput 42,000 bpd and a sulfur unit were closed along with the ACU-2 CDU with its 51,000 bpd vacuum distillation unit-1 (VDU-1), they added. A TotalEnergies representative did not respond to a...

According to its chief executive, the world's largest climate multilateral fund made its biggest financial commitment yet to build a $6 Billion water desalination plant in Jordan. The Green Climate Fund was backed ahead of COP30 in Brazil, in November. It also comes a decade after Paris Agreement which cited the fund as a major way to finance efforts against global warming. Mafalda duarte said that it would transform the country. She added that this was the "highest investment" the fund had made in a single project. In South Korea, a grant and loan of $295 million were approved by...

European wheat futures rose in line with Chicago on Friday as traders looked forward to U.S. - Chinese trade talks and assessed reports that Chinese buyers are inquiring about imported wheat. The Paris-based Euronext wheat market closed 0.3% higher at 190.25 Euros ($221.87) per metric ton. It has remained within its small trading range this month. Chicago wheat was also slightly higher, moving away from the five-year low it reached last week. Euronext volumes were low as attention was focused on Donald Trump's upcoming trip to Asia, where he will hold a highly-anticipated meeting with China's Xi Jinping amid their...

A decade after Volkswagen's Dieselgate scandal, lawyers for 1.6 million claimants are bringing a trial against some of the biggest automakers in the world. They accuse them of cheating on diesel emissions tests. Owners of diesel cars made by Mercedes-Benz, Ford, Nissan and Renault, as well as the Stellantis owned brands Peugeot and Citroen, allege that the companies used illegal 'defeat device'. The claimants' attorneys say that these devices monitored emissions when cars were being tested, and made sure they stayed within legal limits. However, when the vehicles were on the roads, they did not. However, the manufacturers say that...

The gradual warming of temperatures has encouraged locals in Yoichi, a small Japanese town, to experiment with the delicate grape varieties over the last two decades. Yoichi is well-known as the birthplace of Nikka Whisky. It was thrust into the limelight of viticulture five years ago when the 2017 Nana Tsu Mori Pinot Noir, produced by the local Domaine Takahiko Winery, appeared on the Noma wine list in Copenhagen. Resellers in Japan are now selling a bottle of this prized wine for $560. It was once priced at $30. The town of Hokkaido, located in Japan's northernmost isle, has also...

Euronext wheat traded again in a tight range on Wednesday. A falling euro was not enough to support the futures, and they remained near their contract lows. The most active position in December milling grain on Paris' Euronext was down 0.1% to 187.50 euro ($218.12) per metric ton at 1435 GMT. This is close to the contract low from last Wednesday of 185.00 euro. The euro has fallen for the third consecutive day due to political uncertainty in France after the fall of its last government. Euronext also received some help from a stabilization in Chicago wheat prices after they...

The Food and Agriculture Organization of the United Nations reported on Friday that global food commodity prices fell in September, as decreases in dairy and sugar offset a new high for meat prices. The FAO Food Price Index (which tracks a basket international traded food commodities) averaged 128,8 points in September. This is down from an August revised to 129,7. The index rose 3.4% over the same period last year. However, it is down nearly 20% from its record high in March 2022 after Russia invaded Ukraine. Lowest Sugar Prices Since March 2021 Last month, the indicator fell by 4.1%,...

Portugal's Energy Minister said that France, Portugal, and Spain would hold discussions in the next few weeks about how to accelerate power interconnector project. The country is pushing to improve its electricity links after a massive blackout in April. The unprecedented power outage that occurred in Spain and Portugal in April highlighted the poor connections between the two countries to the rest Europe. Experts said the power outage could have been avoided if there were more interconnectors for exchanging power with other countries. Maria da Graca Carvalho stated in an interview that "after the blackout we have put additional pressure...

Jessica Roswall, the Environment Commissioner, announced on Tuesday that the European Union would delay its anti-deforestation legislation for a second year. This will also postpone a ban on palm oil imports, which are linked to deforestation. After complaints from Brazil, Indonesia, and the administration of then-U.S. president Joe Biden and other industries and trading partners in Europe and North America, Brussels delayed the law for an additional year. Roswall told reporters that postponing the implementation of the law was necessary to address concerns about the large volumes of information needed to enter into the information-technology system to enforce the law...

The 80th session of the United Nations General Assembly begins on Tuesday. Who speaks when? The United Nations, which was founded in 1945 with 51 members, now has 193 members. The leaders of the Holy See, State of Palestine, and two non-member observers states, known as the United Nations' State of Palestine and the Holy See, may also speak. Brazil is the first to speak in every meeting. U.N. officials say that Brazil was the first to speak in the early days of the world organization, when other countries were reluctant. The United States, which hosts the U.N. Headquarters in...

The 80th session of the United Nations General Assembly begins on Tuesday. Who speaks when? The United Nations, which was founded in 1945, has grown from 51 members to 193 today. The leaders of the Holy See, State of Palestine, and two non-member observers states, known as the United Nations' State of Palestine and the Holy See, may also speak. Brazil is the first to speak in every meeting. U.N. officials say that Brazil was the first to speak in the early days of the world organization, when other countries resisted. The United States, which hosts the U.N. HQ in...

Rome's mayor announced on Thursday that he hopes to open up the River Tiber for public swimming in five years. This initiative was also taken by Paris. After a thorough cleaning, the French authorities allowed swimming in the Seine for the first since 1923. This was prompted by the use of the venue for the Paris Olympics 2024. Rome's mayor Roberto Gualtieri announced that he has set up a Tiber working group and will open it up to all national and regional authorities. Gualtieri, during a trip to Japan's Osaka Expo fair, said: "We are happy to have established that...

The Spanish Prime Minister Pedro Sanchez announced on Monday that his government will coordinate a number of climate-change measures with neighboring countries as a response to recent weather disasters such as the massive wildfires in August. The Civil Protection Authorities declared the end of one of the worst wildfire waves recorded in the nation on Sunday. More than 300,000 acres (740,000 hectares) of land had been burned in less than a week. Nearly 36,000 people were evacuated. Sanchez called for a "state-pact" to combat climate change in response to recent fires. This would involve all major political forces, including political...