Spain

Portugal's largest energy EDP published on Thursday a strongerthanexpected 14% increase in ninemonth net combined revenue, benefiting from strong rains in Iberia and additional earnings from its Brazilian unit after a complete takeover. EDP????? stole a net 1.08 billion euros ($ 1.17 billion),. beating the typical experts' forecast of 993 million euros in. an LSEG poll, despite smaller sized capital gains. Earnings reported on Wednesday by its subsidiary EDP. Renovaveis, the world's fourth-largest wind energy. manufacturer, fell 53% to 210 million euros. EDP ???? said it scheduled 179 million euros in consolidated. capital gains from the sale of stakes in...

The U.S. federal government sided with Argentina in urging a federal judge not to force the cashstrapped nation to quit its 51% stake in oil and gas business YPF to partially satisfy a $16.1 billion court judgment. In a Wednesday night letter, called a declaration of interest, to U.S. District Judge Loretta Preska in Manhattan, the Department of Justice said it has actually long argued that U.S. courts can not order the seizure of foreign sovereign home situated outside the United States. It also stated it would break sovereign immunity to need Argentina to turn over the shares to 2...

The U.S. government sided with Argentina in prompting a federal judge not to require the cashstrapped country to quit its 51% stake in oil and gas company YPF to partially please a $16.1 billion court judgment. In a Wednesday night letter to U.S. District Judge Loretta Preska in Manhattan, the Department of Justice stated it has long argued that U.S. courts can not order the seizure of foreign sovereign property located outside the United States. It likewise stated it would break sovereign immunity to need Argentina to turn over the shares to two financiers represented by litigation funder Burford Capital,...

EDP Renovaveis, the world's No. 4 wind energy manufacturer, booked a 53% slide in ninemonth profit on Wednesday due to fewer capital gains, though the outcome can be found in ahead of expectations. Net revenue tumbled to 210 million euros ($ 225 million),. above the LSEG agreement quote of 197 million euros. That. consisted of a charge of 65 million euros on jobs in Colombia. EDPR, which is majority owned by Portugal's largest energy. EDP, logged 179 million euros in capital gains from the. sale of stakes in 2 wind tasks and a solar farm - part of. its technique...

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...

North Sea focused NEO Energy stated on Tuesday its ceo Paul Harris will step down from his role after less than 2 years in the position. A market veteran, Harris joined NEO in December 2019 as chief running officer and was selected CEO in January 2023. Company expert Andy McIntosh has actually been designated as the brand-new CEO, NEO stated in a declaration. Furthermore, chief technical officer Martin Rowe will likewise be leaving the organisation, with Craig McKenzie actioning in to take his place. NEO's chairman Martin Bachmann and non-executive directors David Gair and Fiona Hill have actually also stepped...

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...

Spanish lobby group Foro Nuclear has filed a legal challenge with the country's top court against a 30% boost of the hazardous waste levy, while the primary operators of the plants are transferring to join the battle. The lobby group, whose members consist of the energy companies operating Spain's reactors and firms active in the industry, filed the legal action to the Supreme Court in late September, it told Reuters on Friday, decreasing to further remark. Energy giants Iberdrola and Endesa, the primary operators of the country's nuclear fleet, are moving to submit their own appeals, people familiar with the...

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...

The U.S. government is studying. really carefully the possibility of imposing additional sanctions. on individuals in Venezuela along with prospective withdrawing. licenses for oil companies working in the South American. nation, in response to what it calls a deceptive election, a. senior authorities stated on Friday. Brian Nichols, U.S. assistant secretary of state for Western. Hemisphere affairs, made the remarks during a webcast instruction. with press reporters. Using either specific sanctions or the. cancellation of licenses related to sectoral sanctions are. something that we're studying extremely carefully, said Nichols, after. being asked about the possibility of imposing new visa. constraints...

The U.S. federal government said on Monday it might get associated with a disagreement over whether Argentina should quit its 51% stake in oil and gas business YPF to assist satisfy a $16.1 billion court judgment. In a letter filed with the U.S. District Court in Manhattan, the U.S. Department of Justice said it is actively thinking about whether to submit a so-called declaration of interest, which it can file when a case touches on its sovereign interests. Argentina is appealing U.S. District Judge Loretta Preska's. decision last September to award 2 financiers, represented by. litigation funder Burford Capital, the...

The U.S. federal government said on Monday it may get associated with a dispute over whether Argentina must quit its 51% stake in oil and gas company YPF to assist satisfy a $16.1 billion court judgment. In a filing with the U.S. District Court in Manhattan, the U.S. Department of Justice stated it is actively thinking about whether to file a so-called statement of interest in the case. Such statements can be submitted when a dispute discuss the U.S. government's sovereign interests. Monday's filing did not say why the U.S. government thinks it might have an interest in the YPF...

Chinese carmaker Chery will postpone the start of car production in Spain to the fourth quarter of 2025, an executive at its Spanish partner Ebro said on Thursday, about a year behind a previous schedule. In September, Ebro already said Chery would delay production at its Barcelona plant, its very first in Europe, till near year from late this year without giving a more exact time. The project has not been cancelled. There has actually simply been a. readjustment, Ebro's chief executive, Pedro Calef, said in an. interview at the plant. We have reasons to think we will have a...

India's imports of steel over the period from April to September were led by shipments from China, according to provisional government information evaluated by Reuters on Friday, and the South Asian country stayed an internet importer of the alloy. The world's second-biggest manufacturer of unrefined steel imported 4.7 million metric lots of the ended up metal from April to September, up 42.2% from a year ago, the information revealed. China exported 1.4 million metric lots of steel to India throughout the duration, up 36.7% from a year back. Hot-rolled coil was India's most significant import, comprising 44% of general completed...

Spanish steelmaker Acerinox posted a sharp drop in thirdquarter net revenue on Tuesday as a. outcome of a weak stainless steel market in Europe and North. America that it said will likely continue through the fourth. quarter. Its shares fell 4.1% by 0844 GMT, making them amongst the. greatest losers in Spain's blue-chip IBEX 35 index. Net profit dropped 32% to 48 million euros ($ 52 million). on profits down 16% to 1.31 billion euros. Earnings fell regardless of a. 21% increase in output as operations resumed at its steel mill in. Cadiz in southern Spain after a five-month strike....

A leading figure from the junior partner in Spain's minority federal government is under examination following accusations of sexual assault, officials said on Friday, a day after he all of a sudden resigned in a blow to the delicate coalition. In a letter posted on X on Thursday, Inigo Errejon, the primary spokesperson of leftist platform Sumar, said he was leaving politics. He did not immediately respond to a request for talk about the claims. On Tuesday, a confidential account on social media had implicated a well-known Madrid-based politician of psychological abuse, gaslighting and humiliating sex practices. After Errejon announced...

Spanish steel maker Sidenor sent out a letter stating it was considering a tender offer for part or all the shares of train maker Talgo, the latter said late on Wednesday in a filing to the stock exchange regulator. Talgo did not say whether Sidenor divulged the stake it intends to buy or at what rate. Independently owned Sidenor is headquartered in the Basque Nation and runs numerous steel mills in northern Spain. Sidenor's move comes two months after Hungarian consortium Ganz-Mavag last month withdrew a previous tender offer for the Spanish train maker following the Spanish government's veto on...

The European Union need to look for a compromise and negotiated outcome with China, Spain stated on Thursday, on the eve of a vital EU vote on electric vehicle ( EV) tariffs. Rather of imposing tariffs, the EU should keep negotiations open ... beyond the binding vote to strike an offer on prices as well as the relocation of battery production to the bloc, Economy Minister Carlos Cuerpo said in a letter to the European Commission Vice President Valdis Dombrovskis seen . There is a lot at stake for our domestic industry, Cuerpo wrote, noting that Spain is the EU's...

An electric vehicle made in China and created in Spain by Volkswagen's CUPRA brand name would be wiped out if the European Commission followed through with planned import tariffs of 21.3% on the automobile, the brand's CEO informed Reuters. Raising the price of the Tavascan, an all-electric SUV selling for around 52,000 euros ($ 57,500), to cover the expenses was not an alternative in the existing European financial environment, said Wayne Griffiths, who heads up the SEAT and CUPRA brand names under Volkswagen's SEAT S.A. subsidiary. Nor was moving production to another place after the company had currently purchased developing...

An electrical automobile made in China by Volkswagen's CUPRA brand would be cleaned. out if the European Commission followed through with prepared. import tariffs of 21.3% on the car, the brand name's CEO told. Reuters. Raising the price of the Tavascan, an all-electric SUV. selling for around 52,000 euros ($ 57,500), to cover the expenses. was not an option in the existing European financial environment,. stated Wayne Griffiths, who directs the SEAT and CUPRA brands. under Volkswagen's SEAT S.A. subsidiary. Nor was moving production to another location after the. company had actually currently invested in building up capability at. Volkswagen's...

Emphasizes of the 6th day at the U.S. Open at Flushing Meadows on Saturday (times GMT): 1941 SINNER BEATS O'CONNELL World primary Jannik Sinner continued his mission for a second Grand Slam title with a 6-1 6-4 6-2 victory over Australian Christopher O'Connell in front of a jam-packed Arthur Ashe Stadium, where 23-times Grand Slam champ Serena Williams was amongst the cheering crowd. 1902 DRAPER INTO FOURTH ROUND Britain's Jack Draper dispatched unseeded Botic van de Zandschulp, who knocked out Carlos Alcaraz in the 2nd round, 6-3 6-4 6-2 to reach the last 16. Draper will next deal with Czech...

Emirates Global Aluminium ( EGA) on Thursday reported an increase in adjusted core profit for the first half of the year, mentioning continual worldwide demand for premium aluminium. EGA, one of the world's biggest aluminium manufacturers, published adjusted EBITDA of 4.20 billion dirhams ($ 1.14 billion) for the 6 months to June, up from 4.15 billion a year previously. In basic, the (worldwide) outlook for the demand of aluminium is extremely strong, CEO Abdulnasser Bin Kalban informed Reuters in an interview. We anticipate the (global) aluminium demand to grow from 97 million lots in 2022 to around 143 million heaps...

Spanish steelmaker Acerinox stated on Wednesday that exposure would remain bad across the European steel markets in the third quarter, as economic uncertainty equates into slower than anticipated demand recovery. European steelmakers are struggling to recover after a. severe reduction of their stocks, as they need to take on. swings in rates of basic materials and cooling global demand,. combined with cheaper Asian steel imports. With stocks at such low levels, there is little. confidence in the economy. This is more pronounced in Europe. than in the U.S., CEO Bernardo Velazquez informed in an. interview. Lots of investments are waiting...

Chery Car, China's largest car manufacturer by export volume, expects its planned production in Europe to assist offset the effect of European Union tariffs on imports of Chinamade electrical automobiles, a senior executive said on Thursday. Having regional production must help us reduce some of the effect of responsibilities, Charlie Zhang, vice president of Chery Auto and president of its European service, told media a day after the EU said it would impose additional tariffs of up to 38.1%. tariffs on Chinese EV imports. Under the EU's proposal, Chery's imports will incur tariffs. of 21%. In the briefing, Zhang said...