AMSTERDAM, Feb 23 (Reuters) – Core profits at the Port of Rotterdam rose 6.1% last year despite a slight decline in cargo turnover, it said on Thursday as Russian coal, LNG and oil were replaced by other energy sources. Europe’s largest port said throughput fell 0.3% to 467.4 million tons, but earnings before interest, taxes, … Read more
HANOI, Feb 23 (Reuters) – European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines, people familiar with the situation said as the country prepares to capitalize on its huge untapped offshore wind power potential. The Southeast Asian country is seen as a potential major player in the sector … Read more
BERLIN, Feb 22 (Reuters) – Germany is unlikely to face gas shortages this winter and should stop converting floating liquefied natural gas (LNG) terminals to fixed terminals, according to a study by the economics institute DIW published by Reuters. Wednesday. In the most likely scenario, Germany will have sufficient stocks of around 87 billion cubic … Read more
Italian Finance Ministry is looking for ways to stimulate the Milan stock exchange Last year, 15 firms left Euronext Milan, as well as six newcomers. League insists key shareholders have tight control over companies ROME, Feb 22 (Reuters) – Italy’s League of the Right has submitted a bill to parliament that would increase the ability … Read more
NEW DELHI, 22 Feb. (Reuters) – Pernod Ricard (PERP.PA) India’s chief executive, imprisoned since November in connection with an investigation into alleged violations of the liquor policy, asked for bail at a New Delhi City High Court hearing on Wednesday. Benoy Babu, head of international brands at Pernod India, was arrested on November 11 as … Read more
ZURICH, 22 Feb. (Reuters) – EFG International (EFGN.S) Net income fell 1.7% to 202.4 million Swiss francs ($218.50 million) last year, a Swiss private bank said on Wednesday as it settled litigation related to a client’s relationship with a Taiwanese insurance company. EFG said it had paid 40.6 million francs in legal costs and increased … Read more
FRANKFURT, Feb 21 (Reuters) – Germany has identified three key measures, including financial support to develop energy transition technologies while boosting clean energy production and transmission, Economics Minister Robert Habeck said on Tuesday. “We have to strengthen the renewable energy production capacity in Germany and Europe,” he said at a press conference. Habek said the … Read more
LONDON, Feb 21 (Reuters) – Switzerland shipped a whopping 58.3 tons of gold worth CHF 3.3 billion ($3.6 billion) to Turkey in January, the most in any month since 2012, data show Swiss Customs on Tuesday. . Gold has traditionally been seen as a safe store of wealth, and demand for the metal has skyrocketed … Read more
MILAN, 21 Feb. (Reuters) – Italian spirits group Campari (CPRI.MI) reported fourth-quarter same-store sales growth of 9.6% on Tuesday despite supply constraints. Bitters maker Aperol and Campari said its three-month adjusted operating income increased 7.6% on a like-for-like basis, with production cost inflation almost entirely offset by positive pricing initiatives. “Looking into 2023… we will … Read more
LONDON, Feb 20 (Reuters) – Britons are facing a shortage of tomatoes due to supplies to supermarkets, including market leader Tesco. (TSCO.L) and No. 2 Sainsbury’s (SBR.L)suffered from disrupted crops in southern Europe and North Africa. Warmer weather in these regions, which affected yields, was followed by recent cooler weather, resulting in longer growing times. … Read more