Dow Jones slips despite intraday rebound, weighed down by inflation concerns and rate cut uncertainty NEW YORK: U.S. stocks clawed back from early losses on Thursday, with investors once again buying the dip despite a hotter-than-expected wholesale inflation report that clouded hopes for a near-term Federal Reserve rate cut. The S&P 500 eked out a…
LONDON: Agricultural and food processing company MHP SE reported stable operational and financial performance in the first quarter of 2025, driven by steady export and domestic sales, strong poultry demand, and favorable pricing. However, the company warned that ongoing war-related disruptions could impact future results. Operational Performance MHP’s poultry production in Ukraine remained stable year-over-year…
Yandex NV, the Dutch parent of Russia’s leading tech company, has agreed to sell its core business in Russia to its local managers, oil giant Lukoil and other investors for $5 billion, half of its market value before the war. The deal is one of the largest exits of Western companies from Russia since President…
PARIS, FRANCE: Eutelsat Communications has been selected by Zeonbud to assure the distribution of its high-quality broadcast content in Ukraine. Zeonbud Limited is the nation-wide licensed Digital Terrestrial Television operator transmitting Ukraine’s 33 major channels covering a wide range of quality broadcast content. Launched in 2010, it reaches approximately 40% of the population and covers…
LONDON: Cadogan Petroleum plc, an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, has reached an agreement with Ukrinvest Group for the sale of Gazvydobuvannya LLC for a total consideration of $2.8 million. Gazvydobuvannya LLC is one of two wholly owned subsidiaries, based in the East of…