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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...

Nigeria's huge Dangote oil refinery might bring to an end a decadeslong gas trade from Europe to Africa worth $17 billion a year, heaping pressure on European refineries currently at danger of closure from increased competitors, experts and traders said. The refinery began production in January and cost $20. billion to build. It can improve up to 650,000 barrels per day. ( bpd) and will be the largest in Africa and Europe when it. reaches full capacity this or next year. It has long been touted as the turning point for Nigeria's. mission for energy independence. Nigeria is Africa's most...

European governments due to relocate to support their solar power makers today will be too late to stop solar panel maker Meyer Hamburger leaving a German factory to send out production to the United States. The plant in Freiberg in eastern Germany closed in mid-March with the loss of 500 jobs, as the Swiss-listed company joined a. growing list of European renewable resource production. factories closing down or moving. In the previous year, at least 10. have stated they remain in financial problems. On a recent check out to the site, giant white robotic arms hung. dormant over empty wooden...

Behind the doors of a. little, nondescript workplace in the heart of New Delhi lies the. head office of an electoral trust run by simply two guys that is. the largestknown donor to India's judgment Bharatiya Janata Celebration. ( BJP), according to a review of public records. The Prudent Electoral Trust has raised $272 million because its. development in 2013, funnelling roughly 75% of that to Prime. Minister Narendra Modi's party. The trust's contributions to the BJP. overall 10 times as much as the $20.6 million it issued to the. opposition Congress party, the records reveal. The previous Congress-led federal...

Brand-new financiers are likely to emerge to help revive Italy's steel industry after the federal government took charge of ArcelorMittal's plants in the nation today, Prime Minister Giorgia Meloni said on Thursday. The government is searching for brand-new industrial partners for Acciaierie d'Italia (ADI)-- the Italian steel service. ADI was previously referred to as Ilva, whose main plant in the southern city of Taranto is among the biggest in Europe and is a significant employer in Italy's under-developed south. I don't want to nationalise Ilva, Meloni informed an interview with RAI TELEVISION. I think that there are margins to discover...

An unusually warm winter in Canada this year has postponed the opening of a 400kilometer ( 250mile) ice road that is rebuilt every year as the primary avenue for Rio Tinto, Burgundy Mines, and De Beers to access their diamond mines in the remote Arctic area. The Winter Road, which serves the region available just by air for 10 months of the year, opened with a two-week delay in the middle of February, interrupting movement of items along the ice road developed over 64 frozen lakes. Earlier today, the Tlicho federal government in Northwest Territories (NWT) restricted motion of commercial...

Aluminum products maker Novelis, owned by Indian corporation Aditya Birla Group's Hindalco Industries, revealed its filing for an initial public offering in the United States on Monday. When, the company is moving ahead with a listing at a time the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a soft landing for the economy, where inflation falls without an economic downturn or huge task losses. Novelis is seeking to finish the planned IPO as soon as early June, Bloomberg News reported, pointing out individuals acquainted with the matter. The business could start...

Hindalco Industries , owned by Indian billionare Kumar Mangalam Birla, is considering seeking about $1.2 billion in the preliminary public offering of its U.S.based system Novelis, Bloomberg News reported on Wednesday. Hindalco, among India's largest aluminium and copper manufacturers, might target an evaluation of about $18 billion for Novelis, which the Birla group will look for to note on the New York Stock Market by September, the report added, pointing out people acquainted with the matter. Hindalco declined to discuss the report, while Novelis did not immediately respond to ' ask for comment. Novelis, the world's leading manufacturer of flat-rolled...

It takes just four cars and trucks from the scrapyard or the steel from about 50 washing makers to make the 2,000 torches needed for the Paris 2024 Olympic and Paralympic Games, however the process needs a specific savoir faire. 6 tons of steel were melted by producing corporation ArcelorMittal, a Paris 2024 official partner, before being formed into 0.7-millimetre plates that were shipped to the Normandy factory of French silverware and cutlery company Guy Degrenne. There, it is laser-cut, welded and assembled by a couple of lots workers who delivered the torches at the end of January, marking the...

The London Metal Exchange ( LME) does not plan to release a separate green nickel contract However stated its partner was because the market is not large enough establishing an index price that will show need for low carbon nickel. Calls for a nickel rate that reflects strong ecological and governance requirements have actually grown from high-cost producers such as Australia, where low rates have forced miners to shutter operations due to a flood of Indonesian supply, most of which is produced using coal. Market participants have actually revealed concern that there stays substantial market dispute regarding how to define...

Below are companyrelated news and stories from France and Benelux which might have an impact on the area's markets or individual stocks. AXA French insurance provider on Friday revealed execution of a share redeemed arrangement in relation to AXA's share buy-back program of approximately eur 1.6 billion. CMA CGM The unlisted French shipping firm on Friday said its core revenues dived 82.5% in the 4th quarter from a year earlier, topping a disappointing year that saw disturbances to sell the Red Sea and weak customer demand. SAINT GOBAIN The business said it signed a contract to get all impressive shares...

Significant Czech steel maker LIBERTY Ostrava is making a takeover offer for TAMEH Czech, an insolvent energy manufacturer to whom it owes millions of dollars, to deal with a crisis that has actually hobbled both companies, a supervisor at the steel maker stated. LIBERTY momentarily shut down its only operating blast heater in October amidst weak need. It sent out most of its 6,000 workers home and entered a three-month debt moratorium in December pending restructuring efforts. TAMEH, which declares over 2 billion crowns ($ 85.55 million). in past-due financial obligations from LIBERTY, shut down materials and declared. insolvency. Resolution...

Steelmaker Ternium reported fourthquarter earnings of $414 million, a. more than significantly leap compared with the exact same period in 2022, as. volumes leapt thanks to the addition of shipments from. Brazil's Usiminas, the business stated on Tuesday. Steel deliveries grew 34% year-over-year to 4.04 million. metric heaps, Ternium said, backed by the debt consolidation of. Brazilian steelmaker Usiminas, which included an. additional 1.0 million lots to the overall. Ternium and a subsidiary of affiliate Tenaris. enhanced their stake in Usiminas to 51.5% in 2015. Deliveries in Mexico likewise remained strong in a seasonally. weaker period, Ternium stated, backed by...