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Irelands PTSB Profits, Guidance Up on NatWest Loan Deal

FY profit up sharply to 267 mln euros on accounting gain CEO says 39;ticked a lot of boxes39; for dividend return Increases income, profit, return on equity targets DUBLIN, March 1 Reuters Ireland39;s permanent tsb PTSB posted a jump in annual profit on Wednesday and said it was moving closer to a return to paying dividends […]
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Norways Equinor nears Deal to Buy Suncors UK Oilfields

LONDON, March 1 Reuters Norway39;s Equinor is close to reaching a deal to buy Suncor Energy39;s British North Sea oil and gas assets for around 1 billion, three sources familiar with the matter told Reuters on Wednesday. The deal includes Suncor39;s 40 stake in the Equinoroperated offshore Rosebank oil and gas project, located some 130 km 80 […]
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HSBC Raises 2 Billion in Additional Tier 1 Bond

March 1 Reuters HSBC Holdings said on Wednesday it raised 2 billion from a convertible security issue, beating its own target on strong demand for the perpetual additional Tier 1 bond. In a filing to the Hong Kong Stock Exchange, HSBC said the perpetual bond39;s coupon had been set at 8. Prospective investors had been told […]
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GM Cutting Hundreds of Jobs to Reduce Costs

Feb 28 Reuters General Motors Co is cutting hundreds of executivelevel and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. The global reductions are in the low hundreds, the person said. GM Chief People Officer Arden Hoffman said in a letter to employees […]
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Oil Slips as Rising Supplies Balance Chinese Demand Hopes

China39;s manufacturing output expands in February Russia39;s oil output back at presanctions level Kommersant OPEC output rises in February as Nigeria rebounds further API said to report U.S. crude inventories rise Coming up EIA supply report, 1530 GMT LONDON, March 1 Reuters Oil slipped on Wednesday, giving up an earlier gain, as signs of ample […]
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Inflation in Key German States Remains High

BERLIN, March 1 Reuters Inflation in five German states was largely unchanged in the high single digits in February, pointing to no letup in stubborn price pressures at the national level. Annual inflation in Saxony, Bavaria and Brandenburg was at the same level as in January, while it rose by 0.2 percentage points in North […]
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South Korea Feb Exports Fall for Fifth Month

SEOUL, March 1 Reuters South Korea39;s exports fell in February for a fifth straight month in annual terms, trade ministry data showed on Wednesday, although at a slower pace than in January due mainly to calendar effects related to national holidays. Outbound shipments from Asia39;s fourthlargest economy fell 7.5 to 50.10 billion in February from […]
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