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India's use of crude tankers to export diesel slows in May

India's use of crude tankers to export diesel slows in May By Trixie Yap SINGAPORE, May 23 (Reuters) - Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade sources and analysts said. That is because rising inventories in the Antwerp-Rotterdam-Amsterdam region and shaky east-west diesel price spreads undermine the case for sellers to ship large volumes of the industr

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From tax to homes, UK's Conservatives and Labour make economy a battleground for election

RPT-FACTBOX-From tax to homes, UK's Conservatives and Labour make economy a battleground for election Repeats story first published on 22 May LONDON, May 22 (Reuters) - British Prime Minister Rishi Sunak's Conservatives and the opposition Labour Party will focus on the economy as they ramp up their campaigning for a July 4 national election. Sunak said on Wednesday that "brighter days" lay ahead after data showed Britain's inflation rate had fallen to close to 2%.

India's Page Industries falls on Q4 earnings miss

BUZZ-India's Page Industries falls on Q4 earnings miss ** Shares of Jockey International licencee Page Industries PAGE.NS down 2.2% to 35,520.4 rupees ** The apparel co's March-qtr profit, revenue miss estimates - LSEG data ** Stock down 1.6% before results ** Analysts' avg rating on stock is "hold", median PT is 39,400.5 rupees ** Including sessio

Ackermans & Van Haaren shares slip, analysts point to 'irregularities' at Medikabazaar

BUZZ-Ackermans & Van Haaren shares slip, analysts point to 'irregularities' at Medikabazaar ** Shares in Ackermans & Van Haaren ACKB.BR fall 4.4 % after the Belgium-listed holding flags "financial irregularities" at medical equipment business Medikabazaar, where the group holds a 8.9% stake ** The board of Medikabazaar has recently been made aware
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Mamoura Receives Over $3 Bln In Orders For Its 10-Year Formosa Bonds - IFR

BRIEF-Mamoura Receives Over $3 Bln In Orders For Its 10-Year Formosa Bonds - IFR May 23 (Reuters) - IFR : MAMOURA RECEIVES OVER $3 BILLION IN ORDERS FOR ITS 10-YEAR FORMOSA BONDS - IFR

India's Adani Enterprises up on report of possible addition to BSE index

BUZZ-India's Adani Enterprises up on report of possible addition to BSE index ** Shares of Adani Enterprises ADEL.NS up 6.2% to 3,335.9 rupees, highest price since Jan. 27, 2023 ** ADEL stock 3.1% down from close on Jan. 24, 2023, before Hindenburg report ** Co could be added to S&P BSE Sensex index .BSESN in the semi-annual rejig of BSE indexes on

Polish retail sales grow less than expected in April

CEE ECONOMY-Polish retail sales grow less than expected in April WARSAW, May 23 (Reuters) - Polish retail sales PLRSCO=ECI grew less than expected in April, statistics office data showed on Thursday, as consumers in the country bordering Ukraine remained cautious and reined in spending after Easter. Retail sales, at constant prices, grew by 4.1% year-on-year in April.

Key euro zone wage indicator picks up, bolstering case for ECB caution

Key euro zone wage indicator picks up, bolstering case for ECB caution FRANKFURT, May 23 (Reuters) - Negotiated pay growth in the euro zone picked up slightly in the first quarter of 2024, European Central Bank figures showed on Thursday, bolstering the case for caution in cutting interest rates from record highs. Negotiated wages in the 20 nation currency bloc rose by 4.69% in the first quarter after 4.45 % in the previous three months, as unions continued to demand compensation for real income

Britain's water regulator considers pre-election protocol for 2024 price review

Britain's water regulator considers pre-election protocol for 2024 price review May 23 (Reuters) - Britain's water regulator Ofwat is considering pre-election protocols and guidance for its price review 2024 schedule, a spokesperson said on Thursday. The regulator is expected to delay decisions on business plans submitted by companies , including struggling water utility Thames Water, past the June 12 deadline, a Sky News reporter posted on social media platform X.
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Mondelez fined $365.7 mln euros by EU for cross-border trade curbs

Mondelez fined $365.7 mln euros by EU for cross-border trade curbs BRUSSELS, May 23 (Reuters) - Oreo maker Mondelez International MDLZ.O was fined 337.5 million euros ($365.72 million) by EU antitrust regulators on Thursday for impeding cross-border trade of chocolate, biscuits and coffee products between EU countries. The European Commission said Mondelez had abused its dominant position in breach of EU antitrust laws.
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Volkswagen CFO: in concrete discussions over car partnerships in India

Volkswagen CFO: in concrete discussions over car partnerships in India MUNICH, May 23 (Reuters) - Volkswagen VOWG_p.DE is in concrete talks about partnering up on passenger car production in India, the group's finance chief said on Thursday, adding it was tough to earn money in the market that still presents a "clear" opportunity. "We are in very good discussions," Arno Antlitz told the Reuters Events Automotive Europe conference in Munich, "it's very, very concrete," he added.
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India's use of crude tankers to export diesel slows in May

India's use of crude tankers to export diesel slows in May By Trixie Yap SINGAPORE, May 23 (Reuters) - Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade sources and analysts said. That is because rising inventories in the Antwerp-Rotterdam-Amsterdam region and shaky east-west diesel price spreads undermine the case for sellers to ship large volumes of the industr

US plans $75 million grant to Absolics for advanced chip packaging

US plans $75 million grant to Absolics for advanced chip packaging By David Shepardson WASHINGTON, May 23 (Reuters) - The US Commerce Department said on Thursday it plans to grant $75 million to Absolics for constructing a 120,000-square-foot facility in Georgia that will supply advanced materials to the country's semiconductor industry. The planned award to the semiconductor packaging provider, an affliate of SKC Co, which in turn is part of South Korea's second-largest conglomerate SK Group 03
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EU watchdog sets out blueprint for first real-time bond tape

EU watchdog sets out blueprint for first real-time bond tape LONDON, May 23 (Reuters) - Securities trading inside banks will have to meet new clock synchronisation requirements under rules proposed on Thursday for Europe's first real-time record of bond prices, the European Union's markets watchdog said. The EU has approved a law requiring trading platforms to hand over prices data for bonds and stocks , for a fee, to an operator of a "consolidated tape", long a feature of Wall Street to make ma

Mandela's vision of Black unity fades as South Africa closes door to migrants

SPECIAL REPORT-Mandela's vision of Black unity fades as South Africa closes door to migrants For more Reuters Special Reports, click on Reuters investigates By Tim Cocks JOHANNESBURG, May 23 (Reuters) - Munera Mokgoko was just three when apartheid fell. She can barely remember, much less fathom, the swell of hope that accompanied Black liberation three decades ago, shaped by Nelson Mandela's vision of social equality and pan-African solidarity.

Britain's FTSE 100 dips as general election call, soft economic data weighs

UPDATE 1-Britain's FTSE 100 dips as general election call, soft economic data weighs For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.3%, FTSE 250 flat Hargreaves Lansdown surges after rejecting $5.94 billion takeover deal National Grid to raise $8.9 billion via rights issue, shares slump Updated at 0820 GMT By Pranav Kashyap May 23 (Reuters) - London's FTSE 100 continued its slide for a third day on Thursday, as Britain b
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Kenyan climber dies on Everest, Sherpa missing

Kenyan climber dies on Everest, Sherpa missing By Gopal Sharma KATHMANDU, May 23 (Reuters) - A Kenyan climber has died on Mount Everest, officials said on Thursday, taking the season’s confirmed death toll on the world’s tallest mountain to three. Joshua Cheruiyot Kirui, 40, and his 44-year-old Sherpa guide, Nawang, had been missing above the Hillary Step since Wednesday morning.

Alibaba considering raising about $5 bln via convertible bonds, says Bloomberg News

UPDATE 1-Alibaba considering raising about $5 bln via convertible bonds, says Bloomberg News Adds share reaction in paragraph 2, request for comment in paragraph 3 May 23 (Reuters) - Alibaba Group Holding Ltd 9988.HK will possibly sell convertible bonds to raise about $5 billion as early as this week, Bloomberg reporte d on Thursday, citing sources familiar with the matter.
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Canal+ Group Appoints Amandine Ferré As Chief Financial Officer

BRIEF-Canal+ Group Appoints Amandine Ferré As Chief Financial Officer May 23 (Reuters) - Canal+ Group / Vivendi SE VIV.PA : AMANDINE FERRÉ APPOINTED CHIEF FINANCIAL OFFICER OF CANAL+ GROUP WILL TAKE UP HER NEW POST ON 16 SEPTEMBER 2024 AMANDINE FERRÉ JOINS THE CANAL+ GROUP EXECUTIVE COMMITTEE AS OF TODAY Source text: https://tinyurl.com/27ffbrft
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Israeli bank Mizrahi-Tefahot doubles dividend as first quarter profit dips

UPDATE 1-Israeli bank Mizrahi-Tefahot doubles dividend as first quarter profit dips Adds details, comments, share reaction By Steven Scheer JERUSALEM, May 23 (Reuters) - Mizrahi-Tefahot's MZTF.TA first-quarter profit fell 7%, the Israeli bank said on Thursday, but it doubled its dividend payout after cutting it at the outset of Israel's war with Palestinian Hamas militants in October.

German economy expected to stagnate this year, DIHK says

UPDATE 1-German economy expected to stagnate this year, DIHK says Adds details and comments from press conference 7,8, 11-15 BERLIN, May 23 (Reuters) - Germany's long-awaited economic recovery is not materialising and the euro zone's largest economy will only stagnate this year, the German chambers of commerce and industry (DIHK) said on Thursday.



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