Will Kennedy News
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Updated 1 hour, 19 minutes ago
Severn Trent Plc, the U.K.’s second- largest publicly traded water company, rejected a takeover approach from Kuwait’s sovereign wealth fund and a Canadian infrastructure investor.
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Updated 1 hour, 32 minutes ago
ThyssenKrupp AG, Germany’s biggest steelmaker, said it can’t rule out the need to raise capital in the next nine months after a 683 million-euro ($880 million) writedown of its Steel Americas unit widened its quarterly loss.
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Updated 1 hour, 41 minutes ago
Three of Europe’s biggest oil explorers are among companies being questioned by European antitrust regulators about potential manipulation of prices in the $3.4 trillion-a-year global crude market.
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RWE AG’s first-quarter profit beat analysts’ consensus estimate for the first time in more than a year, rising as Germany’s second-largest utility cut costs.
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Russia, the world’s biggest energy exporter, will probably reduce duties on most oil shipments abroad by 5 percent on June 1 after Urals crude prices fell.
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Canada is “very close” to an agreement with industry on new rules to lower greenhouse-gas emissions from the oil and natural gas industry, Environment Minister Peter Kent said.
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Kuwait’s sovereign wealth fund and a Canadian infrastructure investor are discussing a bid for Severn Trent Plc, the U.K.’s second-largest publicly traded water company that’s valued at almost 5 billion pounds ($7.6 billion).
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France’s failure to grant oil and gas exploration permits risks driving operators to other countries, a lawyer working for European energy producers said.
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Aurubis AG, the second-biggest refined copper producer, fell the most in almost six weeks in Frankfurt trading after lowering its earnings outlook.
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BG Group Plc, the U.K.’s third- largest natural-gas producer, said earnings growth will outpace production as it expands trading in liquefied natural gas.
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