Petronas payout to Malaysia govt seen higher at 55-59 billion rgt this year

KUALA LUMPUR - Malaysia's state energy firm Petronas is forecast to contribute to government coffers as much as 59 billion ringgit ($13.25 billion) this year, a cabinet minister said in a...

Tobacco group Swedish Match's profit narrowly beats estimates

STOCKHOLM -Swedish Match, which is the target of an agreed $16 billion bid by Philip Morris International Inc (NYSE:PM), on Friday reported second-quarter operating profit just above market...

Portugal's Galp pays 140 million euros to get full ownership of Titan Solar

MADRID - Portugal's Galp Energia has bought the 24.99% it does not already own of Titan Solar, a renewable energy joint venture created with Spanish engineering firm ACS in 2020, the company said...

Swedish utility Vattenfall posts 54% profit rise

STOCKHOLM - Swedish utility Vattenfall reported a 54% rise in second-quarter operating earnings on Friday as higher electricity prices across the Nordic region, Germany and the Netherlands...

Santander says is out of Citigroup's sale of Citibanamex

MADRID - Spain's Santander (BME:SAN) said on Friday it was out of the process to buy Citigroup (NYSE:C)'s Mexican unit. Santander had filed a non-binding offer to buy assets of Citibanamex though...

Juul Ban Will Send Altria’s Strategy, and $13 Billion, Up in Smoke

On Wednesday, The Wall Street Journal reported that the Food and Drug Administration is preparing to remove Juul e-cigarettes from the U.S. market. Banning Juul would put the business in serious...

The maker of Marlboro cigarettes is betting big on nicotine pouches placed under your upper lip

Philip Morris International confirmed Wednesday a $16 billion bid to buy rival Swedish Match. Swedish Match was trading at a 32% premium Wednesday since talks between the two companies were first...

European markets climb as investors look ahead to U.S. inflation data; Stoxx 600 up 1%

European stocks advanced on Tuesday as global markets rebounded from a broad sell-off in recent days. Earnings from a wide range of companies were released before the bell, including Alstom,...

Altria stock dives as a 'Cold War' developing with Philip Morris prompts analyst downgrade

Altria Group Inc. shares took a dive Tuesday, after the cigarettes seller was downgraded at Bernstein. Bernstein cited increasing concerns over competition with its former subsidiary, Philip...

Altria falls with Philip Morris-Swedish Match deal seen as a potential headwind

Bernstein downgrades Altria to Market Perform from Outperform. Philip Morris International (PM -0.8%) making an M&A play of note. PM's potential deal to acquire Swedish Match AB (OTCPK:SWMAF) seen...

European markets climb as global stocks look for rebound; Swedish Match up 24%

The positive trade in Europe comes after regional markets fell to two-month lows on Monday. Earnings in Europe on Tuesday came from Bayer, Munich Re, Pirelli and Salvatore Ferragamo. Swedish Match...

Philip Morris International in talks to acquire European smokeless-tobacco rival Swedish Match

Talks between Philip Morris and Swedish Match could yield a deal as soon as this week, people say. The potential terms and contours of any deal couldn't be learned. A deal would be substantial, as...

Philip Morris International in Talks to Buy European Smokeless-Tobacco Rival

Tie-up would help accelerate PMI’s effort to generate more than 50% of revenue from smoke-free products. The talks between U.S.-based Philip Morris and Stockholm-based Swedish Match could yield a...

Philip Morris International in Talks to Buy European Smokeless-Tobacco Rival

Tie-up would help accelerate PMI’s effort to generate more than 50% of revenue from smoke-free products. The talks between U.S.-based Philip Morris and Stockholm-based Swedish Match could yield a...

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