Benelux

The following quotes, mergers, acquisitions and disposals were reported by 19:45 GMT on Tuesday: ** Shares of Paramount Global fell more than 7%. after CNBC reported, mentioning sources, that Sony Pictures. is reconsidering its bid for the U.S. media business. ** Activist financier Jana Partners developed a brand-new stake in. U.S. diagnostics business QuidelOrtho during the first. quarter, sources acquainted with the hedge fund's position informed. . ** Anglo American laid out strategies to refocus on. energy shift metal copper while spinning out or offering its. less profitable coal, nickel, diamond and platinum businesses,. as it transfers to fend off...

Zinc production at Nyrstar's Budel smelting operations in the Netherlands will resume during the week of May 13, partly because of higher prices for the metal used to galvanise steel, the company owned by product trader Trafigura said on Tuesday. The Budel smelter, with capability to produce 315,000 metric lots each year, was suspended in the 2nd half of January and will restart at reduced capacity. This decision (to reboot) follows a comprehensive and comprehensive evaluation and reflects current enhancements in market conditions and the short-term reinstatement of indirect cost compensation in the Netherlands that will help reduce Nyrstar Budel's...

Norway's $1.6 trillion sovereign wealth fund, one of the world's biggest investors, said on Saturday it would vote in favour of the reappointment of BP's present chair to the company's board of directors. Ahead of its annual meeting on April 25, BP has proposed the reappointment of Chair Helge Lund to the board, which in 2015 dismissed previous CEO Bernard Looney. The fund said it would also vote in favour of BP's executive remuneration plan. Two major shareholder advisory firms have expressed support for the BP board's handling of previous CEO Bernard Looney's. dismissal last year, ahead of the British...

The Dutch Senate on Tuesday authorized a law to permanently close the Groningen gas field, following the federal government's guarantee that production will never ever be resumed to limit seismic risks in the area. Normal gas production at Groningen in the north of the Netherlands ended last October after years of output cuts to limit seismic activity linked to years of extraction, that has damaged countless structures. The gas field, as soon as among Europe's primary suppliers, was offered for limited production during a cold wave in current months, however the government has proposed a law that would close the...

Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, remains in exclusive settlements with Exxon Mobil's ESSO SAF to acquire the FossurMer refinery in southern France and the Toulouse and Villette de Vienne terminals. Trafigura stated in a declaration on Thursday it would go into into a minimum 10-year unique petroleum supply and item offtake arrangement, consisting of ownership of petroleum and item stocks in tank. Fos-sur-Mer refinery has a crude oil processing capacity of 140,000 barrels each day. Trafigura added that Rhone Energies would continue to supply ESSO SAF in the area. The offer's conclusion is subject...

Energy storage group VTTI will get a 70% stake in Italy's biggest liquefied gas ( LNG) terminal, with grid operator Snam owning the rest, the Milanlisted group stated on Wednesday, announcing a. deal to be finalised by yearend. Snam, which is controlled by the Italian government, stated in. a declaration it had actually exercised its pre-emption right to increase. its stake in the facilities dubbed Adriatic LNG to 30% from. 7.3%. The move comes after ExxonMobil and QatarEnergy last. week consented to sell their stakes in the terminal to a consortium. led by Dutch group VTTI. It verifies what 2...

The Dutch Senate has postponed a vote on a law to close permanently the Groningen gas field, angering the government that has actually said production would never ever resume because of the threat of earthquakes. Normal gas production at Groningen in the north of the Netherlands ended last October after years of output cuts to limit seismic activity, linked to decades of extraction, that has actually harmed countless structures. The gas field, once one of Europe's primary providers, was available for restricted production during a cold snap in recent months, but the federal government has actually proposed a law that...

The Dutch federal government on Thursday said it had actually received numerous quotes in a tender to build an overseas wind farm in the Dutch part of the North Sea with a. overall capability of 4 gigawatts (GW). The government stated it expected to announce the winning bid. in June, while the wind farms were anticipated to be operational by. early 2030. The farms will be developed at 2 areas, with a capability of. 2 GW each, around 60 kilometres (37 miles) off the Dutch coast. Previously on Thursday, Dutch energy firm Eneco stated it had. reversed its decision to...

A Dutch court on Tuesday rejected an appeal by Russia against a $50 billion arbitration award it was ordered to pay to the former shareholders of nowdefunct oil producer Yukos in 2014. The judgment followed years of legal wrangling in Dutch courts following the initial arbitration tribunal judgment, that found Moscow had actually violated its global commitments by taking actions developed to bankrupt Yukos, formerly Russia's. largest oil business. A lower Dutch court dismissed the charge in 2016, only to. see it reimposed on appeal. Russia then took the case to the Dutch Supreme Court, which. in 2021 referred it...

Port authorities in Rotterdam, Europe's largest sea port, on Tuesday said industrial companies might take their investments in other places if the Dutch federal government failed to support them through the energy transition. We are extremely anxious about the degrading financial investment environment and the competitive edge of industry in the Netherlands, port CEO Boudewijn Siemons stated. The port of Rotterdam can play an important part in reaching nationwide and European environment goals. Companies need to understand where they stand, he added. Siemons stated large investments were needed in the electricity grid, to permit a huge increase of wind and...

The Dutch Supreme Court denied on Friday an appeal from Russia against the seizure by former shareholders of the now-defunct oil company Yukos of the rights to Stolichnaya ad Moskovskaya brand names of vodka for the Benelux Market. Former shareholders have said that they will now sell the Benelux right to 18 different vodka brands to receive a minimum of $50 billion in arbitration awards Russia has been ordered to pay to them in 2014. The ruling on brand names comes after a lower court denied an appeal last month by Russia against the arbitral award that Russia has so...

Companies are responding to disturbances to shipping on the shortest path between Europe and Asia. Attacks in the Red Sea region by Houthi militants in Yemen have actually triggered a number of shipping business to reroute vessels. Below are details on how business in different sectors are reacting: VEHICLES ** GEELY: China's second-largest car manufacturer by sales, stated on Dec. 22 its electric automobile (EV) sales would likely be impacted by a hold-up in shipments. ** MICHELIN: the French tire maker said on Feb. 12 logistics problems connected to the Red Sea crisis weighed on its completed product flows, generally...

Chinese electric carmaker NIO strategies to continue its European growth in spite of unpredictability over whether the European Union will impose tariffs on Chinese EVs, the business's creator William Li said on Thursday. Electric cars are really crucial for favorable development of the environment, they should never ever be used as a. political target, Li informed reporters as NIO opened its first. showroom in Amsterdam. He said that if the EU does impose considerable tariffs We. will take the most reasonable service choice. That could. include postponing or cancelling the intro in Europe of the. luxury carmaker's new mid-range and...

Europe's automobile giants won't. have much time to reorganize their operations and product lines. to compete with ascendant Chinese car manufacturers, and stiffer. tariffs will do little to safeguard the status quo, market. executives stated throughout a occasion. European trade regulators in Brussels have stated they could. impose brand-new tariffs on Chinese electrical automobiles based on the. results of an investigation into Chinese federal government aids. European Commission President Ursula von der Leyen on. Tuesday stated that Europe would take a customized technique to its. investigation and any possible responsibilities imposed will be. reporter to the level of damage. It...

Europe's car giants will not. have much time to reorganize their operations and line of product. to take on ascendant Chinese automakers, and stiffer. tariffs will do little to safeguard the status quo, industry. executives stated throughout a occasion. European trade regulators in Brussels have actually stated they could. levy new tariffs on Chinese electrical automobiles based upon the. results of an examination into Chinese government subsidies. European Commission President Ursula von der Leyen on. Tuesday said that Europe would take a tailored technique to its. examination and any prospective duties enforced will be. reporter to the level of damage....

New car sales in the European Union rose 13.7% in April on the year for their greatest dive considering that last October, Europe's car industry body stated on Wednesday, after registrations fell in March. The European Vehicle Manufacturers Association (ACEA). said an uptick in major markets Spain, Germany, France and Italy. drove the increase, while an early Easter included two additional sales. days to the month. WHY IT is essential Top European carmakers are banking on automobile sales to choose. up for many years, regardless of alerting that the marketplace will be difficult. because of slowing sales growth of electric...

The United States is reviewing the strictest components of a ban on Russian diamonds from the Group of 7 significant democracies, after opposition from African countries, Indian gem polishers and New York jewellers, seven sources stated. The sanctions package, concurred in December and consisting of a. restriction across the European Union, represents one of the industry's. biggest shakeups in decades. 2 of the sources familiar with the negotiations said the. Americans had actually disconnected from G7 working groups on the. stringent controls, with one explaining them as there but not. engaging. The U.S. State Department declined to comment. A senior...

The United States is reevaluating the strictest aspects of a ban on Russian diamonds from the Group of Seven major democracies, after opposition from African countries, Indian gem polishers and New York jewellers, 7 sources stated. The sanctions plan, concurred in December and consisting of a. ban across the European Union, represents among the industry's. biggest shakeups in years. 2 of the sources acquainted with the negotiations said the. Americans had actually detached from G7 working groups on the. stringent controls, with one describing them as there but not. engaging. The U.S. State Department decreased to comment. A senior Biden...

Companies in the United States and Canada have started 2024 with countless task cuts throughout sectors, indicating that the spate of layoffs seen in 2023 might continue as they scramble to check costs. While hopes of a soft landing have grown in recent months, companies continue to be cautious as the outlook on rate cuts by the Federal Reserve remains uncertain. Here is a photo of task cuts announced up until now in 2024: INNOVATION * Amazon's job cuts consist of less than 5% of employees at Buy with Prime unit, 5% at audiobook and podcast division Audible, a number...

Republican presidential prospect Donald Trump stated on Tuesday the Biden administration's new tariffs on Chinese electrical vehicles, semiconductors and medical products must be used to other kinds of cars and products. They've also got to do it on other cars and they have to do it on a lot of other products, he informed press reporters as he gotten in court for his hush money trial in New york city. Since. China's eating our lunch today. ... They have to do it on. a lot more than electrical vehicles. The former U.S. president slammed President Joe Biden for. not doing...

The European Union cleared U.S. Steel's $14.9 billion buyout by Japan's Nippon Steel on Monday, easing competitors issues from an offer that has actually drawn political opposition in the United States. The approval by the European Commission was anticipated to be a. formality however in the U.S., the offer is dealing with resistance from. a number of legislators stressed over national security and U.S. Steel's union, which is concerned about job losses. While U.S. President Joe Biden has stated Pennsylvania-based. U.S. Steel need to remain locally owned, Republican front. runner for the presidential race, Donald Trump said he would. block...

The following are the top stories on the business pages of British papers. has not confirmed these stories and does not attest their accuracy. The Times Retail financiers could get a benefit share in NatWest Plc if they hold on to the stock for a minimum of a year. Heineken is investing 39 million pounds ($ 48.92. million) to resume 62 long-closed clubs and upgrade more than 600. of the maker's existing locations in the UK. The Guardian The UK and Scottish governments have been asked to set up. immediate talks over the future of Petroineos, a joint endeavor. formed...

The following are the top stories in the Financial Times. has actually not validated these stories and does not vouch for their accuracy. Headlines - Heineken to reopen closed UK pubs as cost of living pressures ease - ArcelorMittal alerts that one of its main departments could quit UK - EU lobbies China to keep agriculture out of trade disagreements - Michael Platt's BlueCrest prepares to broaden trading teams Summary - Heineken is reopening 62 British bars it had closed in recent years and will put about 40 million pounds every year into refurbishing its estate, in the current indication...

Belgium's Nyrstar is reactivating the Budel zinc smelter in the Netherlands after a. fourmonth period of care and maintenance. The company, managed by worldwide trade home Trafigura,. stated enhanced market conditions and the reinstatement of a Dutch. energy cost support scheme will allow the plant to reboot. later on this month, albeit not at complete annual capability of 315,000. metric loads. It is the 2nd European smelter to come out of care and. upkeep this year after Glencore re-fired its. 165,000-ton-per year Nordenham smelter in Germany in February. The zinc market seems to have taken the news in its stride....