Core Insights - The costs of Aker BP's major oil and gas development projects, Yggdrasil and Valhall-Fenris, have increased significantly, with Yggdrasil rising by 32% and Valhall-Fenris by 25% compared to nominal estimates from a year ago [1] Cost Increases - Yggdrasil project costs have risen by 32% from previous estimates [1] - Valhall-Fenris project costs have increased by 25% from nominal estimates a year ago [1]

Core Viewpoint - ASML's anticipated decline in sales in China is not attributed to prior stockpiling by its Chinese customers, as stated by the finance chief Roger Dassen [1] Group 1 - The finance chief emphasized that the expected decrease in sales is not linked to inventory accumulation by customers in China [1]

Core Viewpoint - Altice France has rejected a bid from three French rivals to acquire the telecom operator SFR, as communicated by CEO Arthur Dreyfuss in a memo to staff [1] Group 1 - The rejection of the bid signifies a setback for the potential deal involving SFR [1]

Group 1 - Stellantis is recalling 298,439 Dodge Dart vehicles in the U.S. due to a shifter cable defect [1] - The defect could disable the park function, allowing the vehicle to roll away [1] - The recall was announced by the U.S. National Highway Traffic Safety Administration [1]

Group 1 - Nissan is recalling 173,301 vehicles in the United States due to a potential issue with blown fuel pump fuses [1] - The blown fuses can cause engine stalling, posing a safety risk to drivers [1] - The recall highlights ongoing concerns regarding vehicle safety and reliability in the automotive industry [1]

OPEC Secretary General Haitham Al Ghais reiterated on Wednesday that more investment is needed in oil and gas. ...

Core Insights - Santander is integrating its digital lender Openbank with Santander Consumer Finance (SCF) into a single entity to streamline operations in European consumer finance [1] Group 1 - The integration aims to enhance efficiency and improve customer experience across the European market [1] - This move reflects Santander's strategy to consolidate its digital and consumer finance operations [1] - The new entity will gradually operate under a unified brand, focusing on digital solutions for consumers [1]

French oil major TotalEnergies expects to report a decline in third-quarter results, it said on Wednesday, as asset sales and improving margins for refining crude failed to offset lower oil prices and... ...

Core Viewpoint - Rakuten, a major player in the Japanese e-commerce and finance sectors, is considering an initial public offering (IPO) for its credit card business in the United States, as reported by sources familiar with the situation [1] Company Summary - Rakuten is exploring the possibility of launching an IPO for its credit card division, indicating a strategic move to expand its financial services footprint in the U.S. market [1]

Group 1 - Novo Nordisk is experiencing layoffs in Denmark as part of its strategy to cut costs and improve its position in the competitive global obesity drug market [1] - The affected employees refer to themselves as the "Club 5,000" [1]