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Swedish airline SAS secures EU approval for $915 million recapitalisation

UPDATE 1-Swedish airline SAS secures EU approval for $915 million recapitalisation Adds SAS comment, analyst comments, paragraphs 7-10 BRUSSELS, Nov 29 (Reuters) - Swedish airline SAS SAS.ST on Wednesday won approval from EU competition authorities for its 833 million euro ($915 million) recapitalisation by Denmark and Sweden. The European Commission reviewed the case again after Europe's second top court in May scrapped its decision to clear the state aid due to a lack of a so-called step-up me
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German authorities arrest teenagers suspected of planning attack

UPDATE 1-German authorities arrest teenagers suspected of planning attack Recasts with second arrest in Brandenburg, adds details, changes dateline from BERLIN DUESSELDORF/MUNICH, Nov 29 (Reuters) - German authorities said on Wednesday they have arrested two teenagers, one in North Rhine-Westphalia and one in Brandenburg, on suspicion of planning and preparing an attack on a Christmas market.

US Cash Grains-Corn basis steady-firmer, soy basis mixed

US Cash Grains-Corn basis steady-firmer, soy basis mixed CHICAGO, Nov 29 (Reuters) - Spot basis bids for corn were steady to firmer in the U.S. Midwest on Wednesday, supported by grain demand from river elevator operators and processors at a time when low Chicago Board of Trade corn futures prices have curbed farmer sales, dealers said. * On the CBOT, March corn futures CH24 were modestly higher at mid-session, up 3 cents at $4.76-1/2 a bushel, but the contract hit a life-of-contract low in earl

Colombia must prioritize developing own gas reserves -industry leader

Colombia must prioritize developing own gas reserves -industry leader By Luis Jaime Acosta BOGOTA, Nov 29 (Reuters) - Colombia must prioritize investing in developing its own gas resources and open paths to import the fuel without depending on foreign sources, the head of the Colombian Natural Gas Association (Naturgas) said on Wednesday. The government of leftist President Gustavo Petro this month said it was analyzing importing gas from Venezuela, while majority state-owned energy company Ecop

Bilibili falls after mobile gaming firm sees FY23 revenue at lower end of forecast

BUZZ-Bilibili falls after mobile gaming firm sees FY23 revenue at lower end of forecast ** U.S.-listed shares of Bilibili BILI.O fall 9.4% to $12.09 - hitting their lowest in over a year after the Chinese mobile gaming company sees FY23 revenue at the lower end of its forecast ** Co forecasts FY23 revenue at the lower end of the 22.5 bln yuan ($3.16 bln) to 23.5 bln yuan ($3.30 bln) range, due to weak mobile game revenues ** Revenues from mobile games declined 33% YoY to 991.8 mln yuan on lower-

Swedish airline SAS secures EU approval for $915 million recapitalisation

UPDATE 1-Swedish airline SAS secures EU approval for $915 million recapitalisation Adds SAS comment, analyst comments, paragraphs 7-10 BRUSSELS, Nov 29 (Reuters) - Swedish airline SAS SAS.ST on Wednesday won approval from EU competition authorities for its 833 million euro ($915 million) recapitalisation by Denmark and Sweden. The European Commission reviewed the case again after Europe's second top court in May scrapped its decision to clear the state aid due to a lack of a so-called step-up me
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India's Byju's expects to pay nominal fines, if any, over foreign exchange violations

UPDATE 1-India's Byju's expects to pay nominal fines, if any, over foreign exchange violations Adds details in paragraph 1,3 and 4, and background in paragraph 2, 5 and 6 Nov 29 (Reuters) - Education tech company Byju's said on Wednesday it had received a notice from India's federal financial crime-fighting agency and expected to pay a nominal fine o ver alleged violations of India's foreign exchange laws.

Russia's Putin to meet Rosneft CEO on Friday

Russia's Putin to meet Rosneft CEO on Friday MOSCOW, Nov 29 (Reuters) - Russian President Vladimir Putin said on Wednesday he would meet the head of Russia's largest oil producer Rosneft ROSN.MM , Igor Sechin, on Friday. Putin made the comments while meeting young Russian scientists. Ahead of the meeting with Sechin, the OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, is due to meet online on Thursday to decide oil o

Sailing-Heavyweight boxer Wilder part of group that buys US SailGP team

UPDATE 1-Sailing-Heavyweight boxer Wilder part of group that buys US SailGP team Adds details By Alexander Smith LONDON, Nov 29 (Reuters) - A group of investors including actress Issa Rae and heavyweight boxer Deontay Wilder has bought SailGP's U.S. team, in a move the team's new chief executive Mike Buckley said on Wednesday would encourage diversity on and off the water.

Czech steel maker Liberty wins creditor protection, prepares restructuring

Czech steel maker Liberty wins creditor protection, prepares restructuring Adds details and company comment throughout PRAGUE, Nov 29 (Reuters) - The largest Czech steel maker Liberty Ostrava has won a court order protecting it from its energy supplier and is preparing a restructuring plan, it said on Wednesday. The company, whose parent Liberty Steel is owned by commodities tycoon Sanjeev Gupta, is based in the eastern city of Ostrava and has annual capacity of 3.6 million metric tons, although

X Corp sues Adeia to block US patent infringement claims

UPDATE 1-X Corp sues Adeia to block US patent infringement claims Adds response from Adeia in paragraph 4, updates headline By Blake Brittain Nov 29 (Reuters) - Elon Musk's X Corp has sued TiVo technology owner Adeia Inc ADEA.O in California federal court, seeking a declaration that the social-media company does not infringe Adeia's digital-media patents.

Techs suggest regional bank index up trend may resume

BUZZ-Techs suggest regional bank index up trend may resume ** KBW Regional Banking index .KRX rallied to 7-session high of 95.13 ** The 61.8% Fibonacci retracement of 103.80-79.75 drop was pierced ** Rally stopped just short of Nov. 17 daily high at 95.27 ** Gains aided by US yield US2YT=RR drop and the latest US Q3 GDP report ** Recent price action has technicals suggesting rally off Oct low will resume ** Weekly, daily relative strength indexes (RSI) imply upward momentum in place ** KRX also

Fitch Says North American Steel Ratings Supported By Improved Operational Profiles

BRIEF-Fitch Says North American Steel Ratings Supported By Improved Operational Profiles Nov 29 (Reuters) - Fitch: FITCH: NORTH AMERICAN STEEL RATINGS SUPPORTED BY IMPROVED OPERATIONAL PROFILES FITCH: EXPECTS NORTH AMERICAN STEEL DEMAND TO GROW MODESTLY IN 2024 FITCH ON NORTH AMERICAN STEEL COMPANIES SAYS EXPECTS CONTINUED RECOVERY IN U.S. VEHICLE

Canada Govt Will Provide C$400 Million In Support For Dow Project In Alberta - Finance Minister

BRIEF-Canada Govt Will Provide C$400 Million In Support For Dow Project In Alberta - Finance Minister Nov 29 (Reuters) - CANADA GOVERNMENT WILL PROVIDE C$400 MILLION IN SUPPORT FOR DOW PROJECT IN ALBERTA - FINANCE MINISTER Source text : https://www.canada.ca/en/department-finance/news/2023/11/canada-announces-first-major-investment-tax-credit-proje
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Fitch upgrades Canada's banking sector outlook to 'neutral'

BUZZ-Fitch upgrades Canada's banking sector outlook to 'neutral' ** Fitch upgrades outlook on Canadian banking sector to "neutral" from "deteriorating" , citing resilience in profitability amid slower normalization of credit quality ** Expects the higher interest rate environment to "linger for longer" and believe the banks have " acclimated" to th

W. Africa Crude-Market weak, even though offer levels are steady - trader

W. Africa Crude-Market weak, even though offer levels are steady - trader LONDON, Nov 29 (Reuters) - The market for West African crude, mainly from Nigeria, remains weak, even though sellers are attempting to keep premiums steady, a trader said on Wednesday. * Offer levels are starting higher or are similar to last month, the trader said, but sales are only transpiring at lower levels, the trader said.
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North Sea Crude-Sverdrup rises, WTI steady

North Sea Crude-Sverdrup rises, WTI steady LONDON, Nov 29 (Reuters) - North Sea Johan Sverdrup crude differentials rose further on Wednesday after a cargo traded in the window, while U.S. WTI Midland was steady. JANUARY PROGRAMMES * Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 610,000 barrels per day (bpd) in January, down from 745,000 bpd in December, loading programmes showed.
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Pope's health is stable, has no fever but lung inflammation persists -Vatican

Pope's health is stable, has no fever but lung inflammation persists -Vatican VATICAN CITY, Nov 29 (Reuters) - The Pope's health is stable and he has no fever but a lung inflammation associated with breathing difficulties persists, a Vatican statement said on Wednesday, adding Francis was continuing an antibiotic therapy. The 86-year-old Francis sounded wheezy and limited speaking at his weekly audience held earlier in the day, after he cancelled a trip to the COP28 climate summit in Dubai becau

Exxon CEO Darren Woods likely to attend COP28 – sources

UPDATE 1-Exxon CEO Darren Woods likely to attend COP28 – sources Adds details, methane pledges from second paragraph By Sabrina Valle and Sarah McFarlane HOUSTON, Nov 29 (Reuters) - Exxon Mobil Corp XOM.N Chief Executive Darren Woods is making plans to attend the COP28 climate summit in Dubai next week, two people close to the information said, in what would mark a first for an Exxon CEO, if confirmed.
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Med crude-Urals differentials stable, Black Sea loadings remain shut

Med crude-Urals differentials stable, Black Sea loadings remain shut MOSCOW, Nov 29 (Reuters) - Urals crude differentials to dated Brent remained unchanged, while exports from Black Sea ports were still shut amid a storm on Wednesday. Oil loadings from the Black Sea port of Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal have not resumed due to an ongoing storm forcing exporters to look for alternative routes.

UBS upgrades Brazil's Braskem to 'neutral'; shares rise

BUZZ-UBS upgrades Brazil's Braskem to 'neutral'; shares rise ** Shares in Brazilian petrochemical company Braskem BRKM5.SA rise as analysts at UBS BB upgrade their recommendation on the firm to 'Neutral' from 'Sell' ** The analysts say they foresee limited downside following Braskem's recent performance, with shares in the firm down some 11% year-t



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