Luxembourg

Mukesh Ambani’s Reliance Jio has signed a deal to bring Starlink satellite Internet services to India. This is a surprising move by the billionaires who had been at odds with each other for months about how India should allocate spectrum to them. This deal comes on the heels of a similar announcement made by Starlink with India's No. 2 telecom player Bharti Airtel a day before. Starlink will be available in the retail stores of Indian telecom operators, giving Starlink direct access to thousands of outlets in India. The two deals are contingent upon Starlink receiving government approval for operations...

European shares dipped on Wednesday, as bond yields surged after financiers priced in less interest rate cuts in Europe and the U.S. this year, while concerns about brand-new tariffs under Donald Trump's presidency likewise weighed on belief. The pan-European STOXX 600 closed down 0.2%, with most regional bourses also in the red. Yields across European government bonds shot up, with the those on the German standard 10-year notes striking their highest level in more than five months, mirroring a rise in U.S. Treasury yields. British federal government bonds took a larger pounding, sending the 30-year yields to a brand-new 26-year...

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...

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...

ArcelorMittal, the world's No. 2 steelmaker, reported secondquarter core earnings toppled 38% on low steel prices however the result was somewhat better than expected as shipments got from the previous quarter. Steel rates in Europe and the U.S. are below the minimal expense of production and excess output from China has resulted in extremely low domestic steel spreads and aggressive exports, Arcelor stated in a statement. It delivered some 13.9 million tonnes of steel in the quarter, down 2% from the exact same duration a year earlier however up 3.2% from the first quarter. Incomes before interest, taxes, depreciation and...

DEPA Commercial, Greece's. biggest gas provider, has actually protected a loan of 390 million euros. ($ 423.19 million) from the European Investment Bank (EIB) to. build solar parks across the country. The loan will assist state-controlled DEPA financing more than. two-thirds of scheduled investment worth about 500 million euros. in new solar plants in the next four years, DEPA stated in a. statement late on Tuesday. The plants will be integrated in Macedonia, Thessaly and other. parts of Greece's mainland and will produce about 800 megawatts. of power, equivalent to the annual electricity taken in by about. 278,000 families, DEPA...

A joint endeavor in between Reliance Industries' Jio Platforms and Luxembourgbased SES to offer gigabit fibre internet has actually won approval from the Indian area regulator to run satellites there, a federal government executive said. The 3 approvals released to Orbit Connect India - which aims to supply satellite-based high-speed internet gain access to - come as companies from Amazon.com to Elon Musk's. Starlink have been vying for the consent to release satellite. interaction services on the planet's most populous country. The authorisations have not been formerly reported. They. were granted in April and June from the Indian National Area....

A joint endeavor between Dependence Industries' Jio Platforms and Luxembourgbased SES to offer gigabit fibre internet has won approval from the Indian space regulator to run satellites there, a federal government executive stated. The three approvals released to Orbit Link India - which goals to provide satellite-based high-speed web access - come as companies from Amazon.com to Elon Musk's. Starlink have actually been vying for the consent to launch satellite. communication services in the world's most populous nation. The authorisations have actually not been previously reported. They. were granted in April and June from the Indian National Area. Promo and...

Italian steel pipeline maker Tenaris anticipates a drop in core profit margins to 20% 25% in the second half of the year, its president Paolo Rocca told analysts on Friday, sending its shares toppling more than 6%. The Luxembourg-based group had actually forecast on Thursday that its sales and margins would reduce in the second quarter due to slow drilling in The United States and Canada and in the third quarter due to blockages at much of its mills. The margin on core revenues (EBITDA) for the complete year would be a little greater than 25%, Rocca said. Tenaris reported...

The following quotes, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday: ** Canada's Competition Bureau said it had recognized major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra. ** Sweden's Sandvik stated it has actually consented to purchase a bulk stake in China-based Suzhou Ahno Accuracy Cutting Tool Technology. ** Super RTL, a kids's television network belonging to Bertelsmann's RTL Group, has struck a. offer to acquire Nickelodeon series in Germany, the group said in. a declaration. ** JD Sports Fashion has actually proposed to purchase American. athletic fashion seller Hibbett...

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...

The Trump administration has delayed the implementation of new tariffs against Mexico and Canada for a month. The reprieve will end on Tuesday. The U.S. Commerce secretary Howard Lutnick confirmed that the tariffs against Canada and Mexico will take effect on February 2. Donald Trump, however, will decide if the proposed tariff rate of 25% is maintained. Canada exports mainly crude oil, other energy products and cars and car components as part of North American auto manufacturing chains. Mexico exports a variety of goods from the auto and industrial sectors. What top brokerages say about the impact of tariffs on...

ArcelorMittal South Africa announced on Friday that it will stop producing long steel by April of this year, after talks with the government did not succeed in preventing the closure. The closure of the long-sealed operations is expected to affect 3,500 direct and indirectly employed workers. This will be due to the lack of domestic demand, competition from scrap metal recycling mini-mills in the area and imports from China. ArcelorMittal South Africa’s long steel production operations produce rails, rods, and bars that are used in construction, mining, and manufacturing. ArcelorMittal SA, the world's second largest steelmaker, has announced that it...

Donald Trump's advisers on trade were finalising plans for the reciprocal duties that the U.S. President has promised to impose against every country which charges duties on U.S. imported goods, raising fears of an expanding global trade war. Separately the trade ministers from the 27 countries of the European Union are due to meet by video conference to decide their response to the European Commission President Ursula von der Leyen's statement that tariffs against the EU "will not be ignored". Trump shocked the markets on Monday with his decision to impose tariffs starting March 12 on all imports of steel...

Donald Trump's advisers on trade were finalizing plans for the reciprocal duties that the U.S. President has promised to impose against every country that imposes duties on U.S. imported goods, raising fears of an expanding global trade war. Trump shocked the markets on Monday with his decision to impose tariffs starting March 12 on all imports of steel and aluminum. Mexico, Canada, and the European Union condemned the plans, while Japan, Australia, and other countries said they wanted exemptions. Industries that depend on imports of steel and aluminum scrambled to reduce the expected cost increase. Last week, Trump imposed an...

ArcelorMittal, the second largest steelmaker in the world, said that it is looking at a possible shift of some European business support to India as the steel sector of the region faces increasing pressure due to high costs and increased imports. However, the company said that no steel production would be transferred from Europe to India. The steel industry in Europe has struggled against the oversupply of steel from China. Now, like all other exporters, they face 25% tariffs on imports of steel and aluminum that President Donald Trump announced on Monday "without any exceptions or exclusions". Officials from the...

Aperam, a French steelmaker, called on Brussels on Tuesday to intervene and curb imports in the event that new 25% tariffs for all steel and aluminum imports to the United States cause companies to ship more goods to the European Union. The comments of the company highlight the concerns among European steelmakers over a possible new flood of cheap steel to the EU, as it happened in 2018, under the first Trump Presidency. ArcelorMittal - the second largest steelmaker in the world, from which Aperam was spun off in 2011 - called last week on the European Union (EU) to...

After U.S. president Donald Trump's decision imposing tariffs on steel and aluminum imports, fears of a possible trade war grew. Trump signed proclamations on Monday evening, increasing the U.S. Tariff rate on Aluminium to 25%. He also eliminated country exceptions, quota agreements and hundreds of thousands product-specific exclusions from tariffs. A White House official confirmed that the measures would go into effect on March 4. Tariffs will be applied to millions of tonnes of steel and aluminum imports from Canada and Brazil. They also apply to South Korea, Mexico and other countries. Trump told reporters that the move would simplify...

The dollar was stable and Hong Kong stocks advanced to a 4-month high on Tuesday, as investors navigated changes in U.S. Trade Policy and waited for Federal Reserve Chair Jerome Powell to speak on tariffs and inflation. Oil prices held on to an overnight surge. Hong Kong's Hang Seng index has risen more than 12% over the past month, as Donald Trump's government threatened and then suspended blanket tariffs against Canada and Mexico. This seems to confirm investor assumptions that all is negotiable. Trump raised tariffs on imports of steel and aluminum to 25% on Monday, which pushed up the...

Dollar rose for the third consecutive session on Monday, after U.S. president Donald Trump warned about more tariffs including steel and aluminium. A gauge of global stock prices advanced, shrugging aside concerns over another round of duties. Trump is expected on Monday or Tuesday to announce 25% tariffs on U.S. imports of steel and aluminum, and will reveal other reciprocal duties shortly after. China's retaliatory duties on certain U.S. imports will take effect Monday. There is no sign that Beijing and Washington are making progress towards a new trading arrangement. The dollar index (which measures the greenback in relation to...

ArcelorMittal announced on Thursday it will build a new advanced steel manufacturing facility at Calvert, Alabama to increase production to meet the demand of the U.S. automobile sector. The second-largest steelmaker in the world said that the plant will be able deliver up to 150 kilograms of premium non grain-oriented electrical steel annually. This steel is used to manufacture larger vehicles such as full-size trucks and SUVs. The company stated that the demand for advanced NOES was increasing in the U.S., while domestic supplies are limited. This should support an outlook of premium pricing for NOES produced by the new...

ArcelorMittal South Africa announced on Thursday that it would delay the closing of its long steel plant operations by one month. The steelmaker is in discussions with the government about salvaging the business. The company had planned to start winding down the loss-making long-steel business by the end of last month, but has delayed it due "continuing discussions with the South African government" as well as higher-than-anticipated orders. The steelmaker announced in a press release that the outcome of the negotiations will be revealed before the end this month. The company said that a loan of 380 million rands ($20.44m)...

Steel producer ArcelorMittal South Africa's shares fell more than 15%. on Monday after the business stated it would continue with the. closure of its lossmaking long steel business. The closure of the operations has actually been on the cards given that. November 2023 in the middle of extended weak financial conditions, logistics. and energy obstacles and competitors from low-priced imports. The company said shutting the plant, which produces fencing. product, rail, rods and bars utilized in the construction, mining. and manufacturing sectors, could impact about 3,500 direct and. indirect tasks. The business is at a point where any further hold-up...