Netherlands

The French antitrust authority fined TotalEnergies and Rubis a total of 187 million euro ($217.3) for an anticompetitive agreement that increased fuel prices in Corsica. The island's population is just over 350,000 and it relies heavily on automobiles for transport. All fuels are imported through DPLC depots, which are jointly owned by Rubis TotalEnergies, EG Retail, and TotalEnergies. The watchdog stated that between 2016 and 2023, no other company is allowed to use these depots. The watchdog stated that the agreement reserving the use of Corsican depots for DPLC shareholders only is anticompetitive, and will likely shut out competitors at...

The Stellantis-backed ACC Joint Venture is "definitely" giving up plans for a megafactory in eastern Italy. This was reported by the newspaper MF on Friday. MF said that a decision on the Termoli plant, which ACC had designated as one of three European hubs for electric vehicle batteries, should be made by the end of this year or early in 2026. Italian newspaper cites sources to report that the project "is not sustainable due to technical, strategic, and financial difficulties". ACC continues to assess its investment plans in Italy, as well as in Germany. The goal is to make a...

Wall Street's major indexes hit new record highs Monday, as the excitement surrounding a possible U.S. China trade deal set a tone for a busy week of high-profile earnings from technology companies and a widely anticipated interest rate reduction. On Thursday, Donald Trump and Xi Jinping (the Chinese counterpart) will meet to discuss the future of the U.S.-China relationship. A framework This could stop the tougher U.S. Tariffs and China's export restrictions on rare earths. It would also ease market anxiety about a possible trade war, and send Wall Street's VIX "fear gauge", to a month-low. During his weekend TV...

Five sources said that an affiliate of Elliott Investment Management wanted to cut costs in Citgo Petroleum, a Venezuelan-owned refiner, while a unit from Gold Reserve was mainly focused on maintaining the statusquo. This is as the long auction which will determine the refiners' future approaches its end. The details of the competing visions of Citgo were revealed ahead of an auction to select the winner of PDV Holding, Citgo's parent. The Delaware court ordered the auction of shares to be held to pay for Venezuelan debt defaults, expropriations and other damages. The judge will decide next week who wins...

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...

ExxonMobil has halted 100 million euros (118.4 millions) in investment in European Plastic Recycling due to draft EU rules that define the recycled content of a final product. Two projects are being developed by the U.S. energy company to recycle chemicals at its existing plants in Rotterdam, and Antwerp. The project will process 80,000 tons of plastic waste annually. In an interview, Jack Williams, Senior Vice-President of ExxonMobil, said that the two projects were now halted due to the EU draft rules which he claimed discriminated against existing petrochemicals facilities versus standalone installations. "Everything is going according to plan." He...

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...

According to a report by the Italian-American automaker and the government, Chrysler's parent Stellantis was fined $190.6 Million for failing to meet U.S. fuel efficiency requirements. In an annual report, the National Highway Traffic Safety Administration stated that Stellantis had paid $112.3 in June and $78,3 in March as payments for shortfalls in 2019 and 2020 models. Stellantis paid a total of $773.5 Million since 2018. NHTSA informed automakers last month that they would not be fined for failing to meet fuel-efficiency rules going back to 2022, as per a law signed into law by President Donald Trump. Stellantis confirmed...

Startups around the world are racing to create new battery technologies that use materials such as sodium and sulfur, or other innovative chemistries. They aim to reduce costs and reduce dependence on certain minerals for electric vehicles (EVs). China controls 90% of raw material processing for two of the most popular lithium-ion variants in today's electric vehicle market. The battery technology is constantly evolving, but its basic principles remain unchanged. It has three components: a cathode anode, and an electrolyte. Here are some of the battery types that are currently being used or developed by car manufacturers as they weigh...

Startups around the world are racing to create new battery technologies that use materials such as sodium and sulfur, or other innovative chemistries. They aim to reduce costs and reduce dependence on certain minerals for electric vehicles (EVs). China controls 90% of raw material processing for two of the most popular lithium-ion EV variants. The battery technology is constantly evolving, but its basic principles remain unchanged. It has three components: a cathode anode, and an electrolyte. Here are some of the battery types that are currently being used or developed by carmakers as they consider long-term solutions. Use in batteries...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. DRONEVOLT: Drone Volt, a drone-maker, entered into a strategic partnership that will see the two parties deploy drone inspections on several sites both in France and abroad. EVS: Belgian broadcast equipment manufacturer EVS has announced the acquisition of Telemetrics, a U.S. based company. The move is part of an effort to increase its global reach. The Belgian company also maintained its guidance for annual revenue and EBIT after delivering revenues of almost 92 million euro ($107.25 millions) in the first...

It said that the French government would continue to oppose any plans to nationalise French steelmaker ArcelorMittal's sites, as its workers are at risk of losing their jobs due to the tough market conditions. After the French lower chamber of parliament approved a motion to nationalize the sites, Finance Minister Roland Lescure issued a statement reiterating the government's goal to avoid any form of nationalisation. La France Insoumise, a far-left party, has put forward the motion that the French Senate will consider. The government has consistently opposed the motion. The bill was passed late Thursday night by 127 votes to...

Here are some company news and stories that could impact the markets in France and Benelux or specific stocks. ABIONYX SA: The biotech company Abionyx Pharma has announced a global strategic partnership exclusively with Sebia. This partnership will transform sepsis diagnostics and validate new test for early sepsis detection. Financial terms and milestones remain confidential. Boiron SA, a homeopathic drug manufacturer, announced that Thierry Boiron will step down from his position as Deputy CEO on December 31, 2025. EIFFAGE SA. French construction company Eiffage has won a second contract for the construction of infrastructure at the Madrid street circuit, Spain....

Bosch said that thousands of employees are facing production interruptions due to a global shortage of chips caused by a dispute with the manufacturer Nexperia. China and the Netherlands are locked in a fight for control of Nexperia. However, there is hope that the standoff will ease with the Dutch government sending an official delegation to Beijing to try to reach a compromise. Bosch reported that it was experiencing disruptions at three of its sites: Ansbach, Salzgitter and Braga (both in Germany) and Braga (Portugal). It said: "We continue to do everything possible to serve our clients and to avoid...

ArcelorMittal can capture a part of the market void caused by lower imports, once the EU steel quotas are implemented. This was the Chief Financial Officer GenuinoChristino's statement on Thursday. Christino told analysts that he did not see any problem in capturing that portion of the market. In October, the European Commission proposed a reduction of almost half in tariff-free import quotas for steel and a 50% tax on excess shipments. This was done to maintain viable steelmaking within the European Union. However, it is not yet clear when these new measures will be implemented. Christino stated that the current...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. WORLDLINE: Worldline said it plans to raise 500 millions euros ($583million) as part a capital infusion, which will be used to help the French payments company recover from years' worth of setbacks, and restore investor trust. ELIS SA: A global leader in circular services in action Elis acquired 100% ownership of Lavanderia Hospitalar Acqua Flash Ltda (Acquaflash) in Brazil. The company is based in Brasilia and generated revenues of approximately 6 million euro in 2024. Integration into the Group's accounts...

Mark Carney, the Prime Minister of Canada, said that Canada is ready to resume talks with the United States after President Donald Trump suspended them over an anti-tariff ad issued by Ontario’s provincial government. Trump ended the talks Thursday after the video was released in which Ronald Reagan, a Republican icon and former president, said that tariffs lead to trade wars, economic disaster, and Republican icons. In a social media post made late at night, Trump branded the ad as fraudulent. Carney, since becoming Prime Minister, has made two trips to the White House to try to reach a deal...

Volkswagen's German plants will continue to operate normally in the next week, as it seeks to protect its supply chain against a dispute involving Dutch chipmaker Nexperia. However, the automaker warned that short-term impacts were possible. Sources told Reuters on Thursday that Volkswagen's main Wolfsburg plant production would continue as planned next week but there were uncertainties beyond that. The Chinese ban on Nexperia chips in automotive and other industries has caused supply chains to be shaken. Companies are now looking for alternatives, as they wonder how long their stockpiles will last. UNCERTAINTY RESURRES EVEN NEXT WOEEK. Volkswagen said that...

Ford Motors cut its profit forecast on Thursday. The company cited the fallout of a fire that occurred at an aluminum supplier, which will affect production of some its most profitable vehicles until the end of the calendar year. Ford Motor said that a fire in September at Novelis's Oswego factory, which supplies materials for F-150 trucks, will cost it between $1.5 and $2 billion, before taxes and interests. It expects to offset around $1 billion next year. Ford CEO Jim Farley stated in a press release that he was on site with Novelis, working to source aluminum for parts...

VSMPO - AVISMA, the largest titanium producer in the world, announced on Monday it would switch some employees who are not directly involved with production to a 4-day work week. The company stated in a press release that it planned to move some employees, who were not directly involved in production processes but were administrative staff, onto a four-day work week. The company said that the decision was made to "maintain operational stability and preserve the highly-qualified staff of the business." The company has not stated how long these measures will be in effect. This is not an easy choice,...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ArcelorMittal : The steel producer ArcelorMittal has announced that it will issue 650 million euros of notes with a 3.250% interest rate due on September 30, 2030. Proceeds from the sale of these notes will be used to refinance existing debt and for corporate purposes. Former French Finance Minister Bruno Le Maire says that ASML, a Dutch chip-equipment manufacturer, has invested 1.3 billion euros ($1.5 billion) in French startup Mistral AI. This could signal the beginning of more consolidation within...

The Argentine government has approved McEwen Copper’s $2.7 billion Los Azules Copper Project in the country under a tax incentive program called the Large Investment Incentive Regime. McEwen Copper, a subsidiary company of McEwen Mining, is a McEwen Copper subsidiary. Economy Minister Luis Caputo stated in a blog post on X that the project will contribute to $1.1 billion worth of exports each year. Argentina hasn't produced copper since the Alumbrera Mine closed in 2018. But developers and analysts are hopeful that projects like Los Azules will make Argentina a major supplier to the world. Caputo stated that the approval...

Embraer's CEO said that the Brazilian planemaker expects to achieve 100 commercial aircraft deliveries annually in 2028. He added that supply chain problems will likely prevent Embraer from reaching that milestone sooner. As part of its recovery after the industry crisis caused by the pandemic, the world's third largest planemaker increased annual deliveries. It expects between 77-85 commercial jet deliveries in 2019, up from 73 last year. Embraer's CEO Francisco Gomes Neto warned that supply-chain snags could limit Embraer's production plans. The company last delivered 100 commercial jets annually in 2017. In an interview with a newspaper on Wednesday, he...