Indices

Qatar cuts Sainsbury's stake to end near two-decade reign as top shareholder

Qatar's sovereign wealth fund plans to reduce its stake in Britain's second-largest supermarket group Sainsbury's by nearly 4%, a term sheet showed on Tuesday, ending its near-two-decade reign as top...

Qatar's wealth fund to cut down stake in British supermarket chain Sainsbury's

Qatar's sovereign wealth fund plans to cut down its stake in Britain's second-largest supermarket group Sainsbury's by offering about 83.6 million shares to the market, a term sheet showed on...

Swiss may need to get used to U.S. tariffs, official says

Switzerland may need to get used to U.S. tariffs, a top Swiss trade negotiator was quoted as saying on Tuesday after the country reached a tariff deal to get parity with the European Union. ...

Russian pipeline gas exports to Europe stable in November, data shows

Russian energy giant Gazprom's average daily natural gas supplies to Europe via the TurkStream undersea pipeline were in line with the previous month in November, at 54.3 million cubic metres per day,...

China's slow-motion stock rally starts to win investor trust 

Fund managers are picking Chinese industrial stocks and holding volatile tech shares, betting a two-year-old equities rally can withstand an economic rough patch, as valuations and steady returns lure...

EU members seek safeguards in US tariff deal to protect industry

BRUSSELS -European Union governments want to put in place safeguards and a review clause in the tariff deal the bloc struck with the United States, to counter concerns that a possible surge of U.S....

German Doner Kebab set to enter India next year, eyes $1.3 billion in global sales

UK-based fast-food chain German Doner Kebab plans to open its first restaurant in India early next year, as it targets 1 billion pounds in global sales within five years, CEO Simon Wallis said. ...

EU should reject automakers' biofuel plea, says campaign group

BRUSSELS -The European Commission should resist automakers' calls to allow cars to run on biofuels beyond 2035 because they are in short supply and not truly carbon-neutral, campaign group T&E said...

Trafigura says Gupta pilfered funds from metals fraud for his distressed firms

LONDON -Commodity trader Trafigura's lawyers accused Indian businessman Prateek Gupta on Thursday of siphoning off funds from an alleged $600 million metals fraud to prop up his struggling business...

UK midcaps climb, FTSE 100 flat a day after budget

The UK's midcap index climbed on Thursday, hitting its highest in two weeks, a day after Finance Minister Rachel Reeves announced a big tax-raising budget. The blue-chip FTSE 100 ended...

Stocks buoyed by rate cut expectations, sterling choppy on UK budget surprise

NEW YORK -Global stocks rallied for a fourth straight day on Wednesday as expectations for a U.S. Federal Reserve rate cut remained elevated, while sterling was whipsawed by Britain's fiscal watchdog...

Heightened Fed cut expectations lift stocks, sterling choppy on UK budget surprise

NEW YORK -Global stocks advanced for a fourth straight day on Wednesday as expectations for a U.S. Federal Reserve rate cut remained intact, while sterling was whipsawed by Britain's fiscal watchdog...

What challenges lie ahead for UK's plan to expand Heathrow Airport?

LONDON -Britain selected Heathrow Airport's plan to build a new runway on Tuesday, as the government pushes ahead with the country's most controversial infrastructure project as part of its drive for...

UK to stockpile critical minerals, fast-track lithium plants

LONDON -Britain will include stockpiling of critical minerals in its defence procurement plan and expects lithium processing projects in northern England to break ground within the next few years as...

UK to impose anti-dumping duties on Chinese biodiesel imports

LONDON -Britain will apply anti-dumping duties on biodiesel imports from China after finding they were sold at unfairly low prices, the government said on Tuesday. Britain's body that...

France to help wine industry with $150 million in aid for vines uprooting

PARIS -The French Agriculture Ministry said on Monday it would give the wine industry additional support of 130 million euros for the further uprooting of vines, to guard against excessive output,...

Trafigura's former top nickel trader denies he colluded on $600 million fraud

LONDON -Trafigura's former head nickel trader denied allegations by Indian businessman Prateek Gupta on Monday in a London trial that he helped devise a $600 million fraud to swap expensive metals...

Belgian government reaches budget deal after months of talks

The Belgian government on Monday reached an agreement on its budget for next year after months of tense negotiations, Prime Minister Bart De Wever said. De Wever earlier this month set...

US demands 'balanced' EU digital rules before it cuts steel tariffs

BRUSSELS -The United States on Monday demanded that the European Union make its regulation of the tech sector more balanced in exchange for a reduction of U.S. tariffs on steel and aluminium imports...