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☆ Siemens Healthineers reviews options for diagnostics unit -source
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

A staffer works on a magnetic resonance imaging machine at a production line of Siemens Healthineers in Shenzhen, China May 25, 2018. REUTERS/Bobby Yip/File Photo Acquire Licensing RightsMUNICH/FRANKFURT, Nov 3 (Reuters) - German medical equipment maker Siemens Healthineers (SHLG.DE) is in the early stages of weighing options for its diagnostics business, which has little overlap with other units, a person familiar with the situation told Reuters. The review could lead to a sale of the unit but all options remain open, the source said. The diagnostics business is also in the middle of restructuring. The listed Siemens subsidiary ranks number two worldwide behind Swiss Roche (ROG.S) in the business of laboratory lines for blood tests.

Persons: Bobby Yip, Alexander Huebner, Victoria Farr, Utkarsh, Bill Berkrot, Jason Neely Organizations: Siemens, REUTERS, Reuters, Bloomberg, Swiss Roche, Thomson Locations: Shenzhen, China, FRANKFURT, Swiss, Munich, Emma, Frankfurt, Bengaluru

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsCompanies Shell PLC FollowLONDON, Nov 2 (Reuters) - Shell (SHEL.L) on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks of $3.5 billion over the next three months, up from $2.7 billion in the previous three months. Shell reported adjusted earnings of $6.22 billion, broadly in line with a company-provided analysts' forecast of $6.25 billion. "Shell delivered another quarter of strong operational and financial performance, capturing opportunities in volatile commodity markets. Production in the Upstream division was up 3% from the previous quarter to 1.75 million barrels of oil equivalent per day (boed).

Persons: Chris Helgren, Shell, Wael Sawan, Ron Bousso, Jason Neely Organizations: Shell, REUTERS, Companies Shell, Integrated Gas, Thomson Locations: Vancouver , British Columbia, Canada, Australia, Trinidad and Tobago, Qatar

☆ Limited Gaza evacuations via Rafah to be allowed after Qatar brokers deal - source
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

[1/6] Egyptian ambulances convoy which will carry critically injured people waits to go through the Rafah crossing from the Egyptian side, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Rafah, Egypt November 1, 2023. REUTERS/Stringer Acquire Licensing RightsDOHA/DUBAI, Nov 1 (Reuters) - Qatar has mediated an agreement between Egypt, Israel and Hamas, in coordination with the U.S., which will allow limited evacuations from besieged Gaza, a source briefed on deal told Reuters on Wednesday. Israel sent its forces into Gaza following weeks of air bombardments in retaliation for a major attack by Iran-backed Hamas on Oct 7. Ten ambulances were sent to Rafah on Tuesday in anticipation. Israel has vowed to annihilate Hamas after several inconclusive wars dating back to the militant group's 2007 takeover of Gaza.

Persons: Stringer, Israel, Abu Ubaida, Sheikh Zuwayed, Benjamin Netanyahu, Andrew Mills, Nadine Awadalla, Christian Schmollinger, Jason Neely Organizations: Hamas, REUTERS, Rights DOHA, U.S, Reuters, Paltel, Thomson Locations: Israel, Palestinian, Rafah, Egypt, DUBAI, Qatar, Gaza, Iran, Sheikh, Sinai, Doha

☆ UK house prices show surprise rise in October - Nationwide
▼ + stars: | 2023-11-01 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

Prices increased by 0.9% from September when they had risen by a marginal 0.1%, Nationwide said. It was the biggest monthly increase since August 2022. Economists polled by Reuters had expected prices to fall by a monthly 0.4% and by 4.8% year on year. "The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained," Nationwide Chief Economist Robert Gardner said. "While some buyers are able to accept higher mortgage payments, helping to prop up house prices, their number is dwindling as shown by the drop in mortgage approvals in September," Pattison said.

Persons: Robert Gardner, BoE, Gardner, Imogen Pattison, Pattison, William Schomberg, Jason Neely Organizations: Nationwide, Reuters, Royal Institution, Chartered Surveyors, Bank of England's, Capital Economics, Thomson

☆ Kazakhstan welcomes France's Macron under Moscow's disapproving gaze
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Kazakh President Kassym-Jomart Tokayev shakes hands with French President Emmanuel Macron during a meeting in Astana, Kazakhstan November 1, 2023. Press service of the President of Kazakhstan/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. At a meeting with Kazakh President Kassym-Jomart Tokayev, Macron complimented Astana for refusing to side with Moscow on Ukraine and said the two countries planned to sign significant business deals. In addition to oil, Kazakhstan is a major exporter of uranium, and France's Orano already operates a joint venture with its state nuclear firm Kazatomprom. "We can call your visit historic, very important," Tokayev told Macron.

Persons: Kassym, Emmanuel Macron, Macron, Sergei Lavrov, France's, Tokayev, Tamara Vaal, Olzhas, Jason Neely Organizations: Press, Rights ASTANA, Kazakh, Astana, United Nations, Soviet Central, Foreign, Moscow, Thomson Locations: Astana, Kazakhstan, Handout, Central Asia, Ukraine, China, Europe, Russia, Moscow, Uzbekistan, Western, France

☆ Stellantis says it least affected by N.America strikes among Detroit Three
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

[1/4] A Stellantis employee works on the e-GMP electric engine assembly line at the carmaker Stellantis engines factory in Tremery near Metz, France, June 29, 2022. And I think you will continue to hear more about that mitigation as we go forward," she said in a media briefing. Presenting its third-quarter sales results, Stellantis on Tuesday confirmed its forecast for a double-digit margin on adjusted operating profit and positive industrial free cash flow this year. "We believe we continue to be in a very strong position globally and in the U.S.," Knight said. Consolidated shipments rose 11% in the quarter to 1.427 million vehicles, Stellantis said.

Persons: Gilles Guillaume Acquire, Natalie Knight, Stellantis, Knight, Giulio Piovaccari, Gilles Guillaume, Federico Maccioni, Jason Neely Organizations: REUTERS, Detroit Three, Detroit, Thomson Locations: Tremery, Metz, France, North America, United States, Canada, U.S

☆ TSB leads UK banks in reimbursing customers conned by fraudsters
▼ + stars: | 2023-10-31 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, Oct 31 (Reuters) - TSB came top among Britain's main banks in reimbursing customers conned by fraudsters, the Payment Systems Regulator (PSR) said on Tuesday in its first public survey of how individual lenders handle fraud. "This provides better information for customers on how firms handle APP fraud and encourages these firms to take more action to tackle it." UK Finance, a banking industry body, said the financial services sector invests more in countering fraud than anyone else, and is the only sector that reimburses victims. "What today’s data from the PSR does not show is where fraud starts," UK Finance said in a statement. Over 90% of authorised fraud begins online, over the phone, through social media or fake messages, but tech and telecom companies bear no responsibility for reimbursing victims, UK Finance said.

Persons: fraudsters, Chris Hemsley, Hemsley, Huw Jones, Jason Neely Organizations: TSB, Payment Systems, PSR, Sabadell, Nationwide, HSBC, Finance, Thomson

"BP reported weak numbers this morning...However, notably, BP has reported exceptional gas trading results on several occasions in the last couple of years, including last quarter," said RBC analyst Biraj Borkhataria. In the downstream, customers & products reported $2.1 bln vs consensus $2.4 bln, despite being supported by very strong oil trading results, suggesting weaker refining margin capture in the third quarter." That was up from the $2.6 billion profit the company reported in the prior three months due to higher oil and gas production, strong refining margins, lower refinery maintenance and "a very strong oil trading result", but natural gas marketing and trading were weak. BP expects capital expenditure of $16 billion this year, the lower end of its indicated range of $16-$18 billion. Rivals Chevron (CVX.N) and Exxon Mobil (XOM.N) last week posted sharp year-on-year drops in third quarter profit as energy prices cooled.

Persons: Norway's, Biraj Borkhataria, Murray Auchincloss, Bernard Looney, Ron Bousso, Louise Heavens, Jason Neely Organizations: windfarm, BP, Reuters Graphics Reuters, Rivals Chevron, Exxon Mobil, Thomson, & $ Locations: U.S, British, New York

☆ BBVA's Q3 net profit rises 13% boosted by Spain and Mexico
▼ + stars: | 2023-10-31 | by ( Jesús Aguado | ) www.reuters.com time to read: +2 min

REUTERS/Jon Nazca/File Photo Acquire Licensing RightsSummaryCompanies Q3 net profit up 13% to 2.1 bln euros, slightly above forecastsQ3 NII up 22.5% to 6.4 bln euros, beating forecastsEnds quarter with capital ratio of 12.73%MADRID, Oct 31 (Reuters) - Spain's BBVA (BBVA.MC) on Tuesday posted a 13% rise in third-quarter net profit rose 13% buoyed by higher lending income in its main markets, Spain and Mexico. The third-biggest euro zone lender by market value booked a net profit of 2.08 billion euros ($2.20 billion) for the July to September period. The bottom line was slightly better than the 2 billion euros forecast by analysts polled by Reuters despite a 29% increase in loan loss provisions, which came in a bit above expectations. In Mexico, the bank's net profit rose 21% while NII climbed 30% supported by higher lending activity despite higher funding costs. In Spain, net profit rose 75%, while NII was up 62%.

Persons: Jon Nazca, NII, Jesús, Inti Landauro, Jason Neely Organizations: BBVA, REUTERS, Spain's BBVA, Reuters, Thomson Locations: Malaga, Spain, MADRID, Mexico, Europe

☆ Yemen's Houthis say they launched missiles, drones at Israel
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

DUBAI, Oct 31 (Reuters) - Yemen's Iran-backed Houthi group said it launched a "large number" of drones and ballistic missiles towards Israel on Tuesday, after Israel's military said it downed an approaching "aerial target" off the Red Sea city of Eilat. The operation was the third targeting Israel and there would be more, Houthi military spokesperson Yahya Saree said in a televised statement. There were no reports of any missiles or drones hitting Israeli territory from the Red Sea on Tuesday. Last week, Israel accused the Houthi movement of sending drones that caused explosions in two Egyptian towns on the Red Sea, saying they were intended to strike Israel. The Pentagon said a U.S. Navy warship on Oct. 19 intercepted three cruise missiles and several drones launched by the Houthi movement from Yemen potentially toward Israel.

Persons: Yahya Saree, Saree, Yemen's, Abdel, Malek, Israel, Ari Rabinovitch, Maha El, Jason Neely, Ed Osmond, Tomasz Janowski, Andrew Heavens Organizations: Israel, Hamas, Hezbollah, Reuters, Pentagon, U.S . Navy, Thomson Locations: DUBAI, Iran, Israel, Sea, Eilat, Gaza, U.S, Iraq, Saudi, Saudi Arabia, Yemen

☆ Japan's Advantest lowers profit outlook as smartphone softness lingers
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Oct 31 (Reuters) - Japanese chip testing equipment company Advantest Corp (6857.T) on Tuesday downgraded its full-year operating profit forecast by 24% compared to July as recovery in the smartphone market takes longer than expected. Advantest sees operating profit of 80 billion yen ($532 million) in the year ending in March, down 52%, pointing to softer demand for leading-edge test systems and higher costs. The company said it expects investment in generative artificial intelligence to boost tester demand over the medium term. "We will sustain our investment to address future technologies," CEO Yoshiaki Yoshida told an earnings briefing. Industry bright spots include demand for high bandwidth memory (HBM) chips which has boosted South Korea's SK Hynix (000660.KS) with rivals circling.

Persons: Advantest, Yoshiaki Yoshida, Douglas Lefever, Sam Nussey, Jason Neely Organizations: Advantest Corp, South Korea's SK Hynix, Thomson Locations: TOKYO, HBM

☆ UK's Ascential to sell digital commerce, product design units in $1.70 bln deal
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

Oct 30 (Reuters) - Information and analytics firm Ascential (ASCL.L) said on Monday it would sell its digital commerce and consumer research units for a combined enterprise value of 1.4 billion pounds ($1.70 billion) as the UK-based company focuses on its events business. London-listed Ascential said it intended to distribute about 850 million pounds to shareholders following the completion of the transactions. The digital commerce business would be sold to U.S.-listed Omnicom Group (OMC.N) for a total enterprise value of $900 million, it said. Ascential said its CEO Duncan Painter would join Omnicom to take on a new role as chief of Flywheel Digital, a newly formed part of the U.S.-based company which will operate the digital commerce business. The WGSN divestment is part of a break-up plan announced in January which originally included separation and a U.S. listing of its digital commerce assets.

Persons: Ascential, Duncan Painter, Philip Thomas, Aby Jose Koilparambil, Rashmi Aich, Jason Neely Organizations: Apax Partners, Thomson Locations: London, U.S, Bengaluru

☆ EU regulators set new Feb 14 deadline on Amazon/iRobot deal
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsPARIS, Oct 30 (Reuters) - European Union (EU) antitrust regulators will decide by February 14 next year on whether to clear Amazon's (AMZN.O) $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O), according to a regulatory filing. In August, the EU's competition enforcer temporarily halted its investigation into the deal while it awaited more information. Its previous deadline for its decision on the deal was December 13. The EU's competition watchdog has previously warned Amazon that the deal may reduce competition in robot vacuum cleaners and also reinforce the U.S. company's dominant position as an online marketplace provider. In July, Amazon cut the price it would pay for iRobot by about 15% to around $1.42 billion after iRobot, which makes Roomba vacuum cleaners, incurred more debt.

Persons: Pascal, Sudip Kar, Jason Neely Organizations: REUTERS, Rights, Union, Amazon, Thomson

☆ ECB keeping up pressure on banks to loosen ties with Russia -Enria
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Oct 30 (Reuters) - The European Central Bank has kept up pressure on banks to loosen ties with Russia but it knows that it is not easy to secure approval from local authorities, ECB supervisor Andrea Enria said in an interview published on Monday. "We continue putting pressure on banks to downsize and potentially exit," Enria told the Financial Times. "We acknowledge that there are legal constraints and that, in order to exit the business, you need to find suitable buyers and you need to get an approval from the local authorities in Russia, which is not always easy." Reporting by Francesco Canepa; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrea Enria, Enria, Francesco Canepa, Jason Neely Organizations: European Central Bank, Financial Times, Thomson Locations: FRANKFURT, Russia

☆ Israeli Military Says Entered North Gaza Overnight, Still 'In the Field'
▼ + stars: | 2023-10-28 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

(Reuters) - The Israeli military said on Saturday it had entered northern Gaza overnight and expanded military operations in the besieged Palestinian enclave as it steps up its assault on the Hamas militant group. A military spokesperson said Israeli forces were still "in the field", without elaborating. The spokesperson added that Israel would allow trucks carrying food, water and medicine to enter Gaza on Saturday. (Reporting by Ari Rabinovitch, writing by John Davison; editing by Jason Neely)

Persons: Ari Rabinovitch, John Davison, Jason Neely Organizations: Reuters Locations: Gaza, Israel

☆ Iranian teenager Armita Geravand dies after alleged confrontation -IRNA
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +1 min

Oct 28 (Reuters) - Armita Geravand, a 16-year-old Iranian girl, has died following an alleged encounter with officers over violating the country's hijab law, the official IRNA news agency reported on Saturday. She died a few minutes ago," IRNA reported. Geravand had been pronounced brain dead last week after she fell into a coma on Oct 1. Iran has denied that Geravand was hurt after a confrontation on Oct. 1 with officers enforcing the mandatory Islamic dress code in the Tehran metro. Violators face public rebuke, fines or arrest yet defying the strict Islamic dress code, more women have been appearing unveiled in public places such as restaurants and shops since Amini's death.

Persons: IRNA, Geravand, Shah, Jason Neely Organizations: Thomson Locations: Iran, Tehran

☆ Israeli military says entered north Gaza overnight, still 'in the field'
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: 1 min

Oct 28 (Reuters) - The Israeli military said on Saturday it had entered northern Gaza overnight and expanded military operations with infantry and armoured corps in the besieged Palestinian enclave as it steps up its assault on the Hamas militant group. Military spokesperson Daniel Hagari said Israeli forces were still "in the field", without elaborating. Hagari also said they were "broadening the humanitarian effort" on Saturday and would allow trucks carrying food, water and medicine to enter southern Gaza. Israel's military targeted Hamas commanders overnight, including leaders of the group's naval and aerial forces, which Hagari said would allow "forces on the ground to fight against a weaker enemy". Reporting by Ari Rabinovitch, writing by John Davison; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Hagari, Hagari, Ari Rabinovitch, John Davison, Jason Neely Organizations: Military, Thomson Locations: Gaza

☆ At least 21 dead, more missing after ArcelorMittal mine fire in Kazakhstan
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +1 min

ALMATY, Oct 28 (Reuters) - At least 21 people have died in a mine fire in Kazakhstan, ArcelorMittal Temirtau (MT.LU), the local unit of the Luxembourg-based steelmaker which operates the mine, said on Saturday. Of the 252 people at the Kostenko mine, 208 had been evacuated, with 18 seeking medical help, the company said in a statement. Kazakh President Kassym-Jomart Tokayev, who expressed condolences to victims' families, ordered his cabinet to stop investment cooperation with ArcelorMittal Temirtau. The government said in a statement that it was finalising a deal to nationalise the company, which operates the country's biggest steel mill. Last month First Deputy Prime Minister Roman Sklyar told reporters that Kazakhstan was in talks with potential investors who could take over the mill.

Persons: ArcelorMittal, Kassym, Tokayev, ArcelorMittal Temirtau, Roman Sklyar, Olzhas, William Mallard, Jason Neely Organizations: Thomson Locations: ALMATY, Kazakhstan, Luxembourg

☆ Iranian Teenager Armita Geravand Dies After Alleged Confrontation -IRNA
▼ + stars: | 2023-10-28 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) -Armita Geravand, a 16-year-old Iranian girl, has died following an alleged encounter with officers over violating the country's hijab law, the official IRNA news agency reported on Saturday. She died a few minutes ago," IRNA reported. Geravand had been pronounced brain dead last week after she fell into a coma on Oct 1. Iran has denied that Geravand was hurt after a confrontation on Oct. 1 with officers enforcing the mandatory Islamic dress code in the Tehran metro. Violators face public rebuke, fines or arrest yet defying the strict Islamic dress code, more women have been appearing unveiled in public places such as restaurants and shops since Amini's death.

Persons: IRNA, Geravand, Shah, Jason Neely Organizations: Reuters Locations: Iran, Tehran

☆ At least 28 dead, 18 missing after ArcelorMittal mine fire in Kazakhstan
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +2 min

[1/4] An ambulance drives out of the Kostenko coal mine operated by ArcelorMittal Temirtau as rescue operation continues following a mine fire, in Karaganda, Kazakhstan October 28, 2023. REUTERS/Stringer Acquire Licensing RightsSummaryCompanies Suspected methane blast, company saysSome 206 of 252 people evacuatedPresident declares Oct 29 national day of mourningGovernment, company say working to nationalise the firmALMATY, Oct 28 (Reuters) - At least 28 people have died and 18 remain missing after a mine fire in Kazakhstan, the Ministry for Emergency Situations said on Saturday. Operator ArcelorMittal Temirtau (MT.LU), the local unit of the Luxembourg-based steelmaker, said 206 of 252 people at the Kostenko mine had been evacuated after what appeared to be a methane blast. Kazakh President Kassym-Jomart Tokayev, who expressed condolences to the victims' families and declared a national day of mourning on Oct. 29, ordered his cabinet to stop investment cooperation with ArcelorMittal Temirtau. "ArcelorMittal is committed to completing this transaction as soon as possible in order to minimise disruption to the greatest extent possible."

Persons: ArcelorMittal Temirtau, Stringer, ArcelorMittal, Kassym, Tokayev, Roman Sklyar, Olzhas, William Mallard, Jason Neely Organizations: REUTERS, Ministry, Emergency, Kazakh, Thomson Locations: Karaganda, Kazakhstan, ALMATY, Luxembourg, Republic of Kazakhstan

☆ Ukrainian Drone Struck Russian Nuclear Waste Facility, Ministry Says
▼ + stars: | 2023-10-28 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

MOSCOW (Reuters) - A Ukrainian drone crashed into a nuclear waste storage facility at the Kursk nuclear power plant in western Russia on Thursday, damaging its walls, Russia's foreign ministry said on Saturday. The ministry said in a statement that Kyiv must have known that its actions could have caused a full-scale nuclear catastrophe. Moscow said on Friday that it had thwarted the drone attack in the country's south, where two news outlets said an explosion had damaged the facade of a warehouse storing nuclear waste. (Reporting by Reuters; writing by Andrew Osborn; editing by Jason Neely)

Persons: Andrew Osborn, Jason Neely Organizations: Reuters Locations: MOSCOW, Ukrainian, Russia, Moscow

☆ Egypt's Sisi warns region could become 'ticking time bomb'
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +1 min

The Egyptian Presidency/Handout via REUTERS/File... Acquire Licensing Rights Read moreCAIRO, Oct 28 (Reuters) - Egypt's President Abdel Fattah al-Sisi on Saturday warned against any expansion of the conflict in Gaza, saying the region risked becoming a "ticking time bomb". He also said his country's sovereignty should be respected after drones were intercepted after entering Egyptian air space on Friday. Israel on Friday said it was the target of the drones which it blamed on Yemen's Iranian-backed Houthi movement. Egypt's military said the drones, which fell on the Egyptian towns of Taba and Nuweiba near the Israeli border, injuring six, originated in the southern Red Sea. The region will becoming a ticking time bomb that impacts us all," Sisi said, speaking at a conference.

Persons: Abdel Fattah al, Sisi, Nafisa, Jason Neely, Giles Elgood Organizations: REUTERS, Israel, Thomson Locations: Suez, Cairo, Gaza, Egypt, Egyptian, CAIRO, Taba, Nuweiba, Red, Israel

☆ Some 32 killed, 63 injured in Egypt car crash -state media
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: 1 min

CAIRO, Oct 28 (Reuters) - Thirty-two people were killed and 63 injured on Saturday in a multiple-vehicle collision about 132 kilometres (82 miles) north of Egypt's capital Cairo, the health ministry said. The collision took place in the morning and involved a bus and a number of vehicles bound for Cairo on the main desert road in the Beheira governorate. The state-run Al-Ahram newspaper quoted police sources as saying an oil leak from one vehicle caused the collision with some vehicles catching fire. Reporting by Ahmed Elimam and Omar Abdel-Razek; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Ahmed Elimam, Omar Abdel, Jason Neely Organizations: Thomson Locations: CAIRO, Egypt's, Cairo, Beheira governorate

☆ Yandex takes step towards Russian approval for restructuring
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File photo Acquire Licensing RightsMOSCOW, Oct 27 (Reuters) - Nasdaq-listed Russian tech company Yandex (YNDX.O) said on Friday it had obtained one of the approvals needed from the Russian government for its planned restructuring, which it hopes to complete by the end of 2023. Yandex, while reporting a 33% drop in third-quarter adjusted net income, said its board remained committed to completing the restructuring and divesting all Russia-based businesses. It said class A shareholders had now given consent for the merger of certain intermediate Dutch holding companies into Yandex NV. Yandex said it planned to take a restructuring proposal to shareholders for approval by the end of 2023.

Persons: Evgenia, Yandex, Alexander Marrow, Jason Neely, Mark Potter Organizations: REUTERS, Rights, Nasdaq, Yandex, Moscow, Reuters, Yandex NV, Thomson Locations: Moscow, Russia, Ukraine, nationalising, Washington

A man walks past ATM machines at branch of the NatWest bank in Manchester, Britain September 21, 2017. The bank's shares fell as much as 18% in early trading before closing down 12% - their largest daily drop since the Brexit vote in June, 2016. Farage said in a statement on Friday that he viewed the report as a "whitewash" and its findings "laughable". She added that the review showed she did not leak detailed financial information and had been unaware of "deeply unpleasant and unfair" internal staff comments made about Farage. A NatWest document unearthed by Farage in July found that an internal committee had deemed his views did not align with the bank's own.

Persons: Phil Noble, Nigel Farage, Coutts, Farage, Alison Rose, Travers Smith, Howard Davies, Rose, Mr Farage, Davies, Paul Thwaite, Rick Haythornthwaite, Iain Withers, Lawrence White, Samuel Indyk, Jason Neely, Sharon Singleton, Kirsten Donovan Organizations: NatWest, REUTERS, Financial Conduct Authority, Barclays, Rival, Lloyds, Thomson Locations: Manchester, Britain

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