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Novo Nordisk nominates Jan van de Winkel and Ramona Sequeira to board
Reuters· 2026-02-20 12:14
Group 1 - Novo Nordisk has nominated Jan van de Winkel and Ramona Sequeira to its board of directors, marking the first additions since a significant management shake-up in 2025 [1] - The company replaced its CEO and overhauled the board, appointing Lars Rebien Sorensen as board chairman, who also chairs the Novo Nordisk Foundation, consolidating power in a dual role [1] - Jan van de Winkel is the co-founder and CEO of Genmab, while Ramona Sequeira previously served as President of the Global Portfolio Division at Takeda Pharmaceutical Company Limited from 2022 to 2025 [1]
Airbus capable of developing a fighter alone, CEO says amid FCAS row
Reuters· 2026-02-20 12:12
Airbus capable of developing a fighter alone, CEO says amid FCAS row | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 Guillaume Faury, CEO of Airbus, poses during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025. REUTERS/Abdul Saboor/File Photo[1/2]Guillaume Faury, CEO of Airbus, poses during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025 ...
Morning Bid: Oil engulfed
Reuters· 2026-02-20 11:39
It's been a slightly strange holiday-shortened week for markets - with U.S. and Canadian exchanges shut for President's Day on Monday, and China and South Korea markets closed for most of the week as Lunar New Year festivities got underway. And yet the newsflow didn't let up much. Probably the biggest macro move this week was the surge in crude oil prices. Oil had calmed as U.S.-Iran talks and parallel negotiations on the Ukraine war got underway in Geneva on Tuesday. But with no concrete outcome from eithe ...
Co-founder of ASOS, Quentin Griffiths, dies in Thailand after balcony fall
Reuters· 2026-02-20 09:54
Core Viewpoint - Quentin Griffiths, co-founder of ASOS, has died after a fall from a balcony in Thailand, with initial investigations suggesting suicide and no signs of foul play [1][1][1] Company Summary - Griffiths co-founded ASOS in 2000 and remained a significant shareholder after leaving the company [1][1][1] - His death has raised concerns regarding potential legal issues, as documents related to lawsuits from his former wife were found in his apartment [1][1][1]
US negotiating with India on Venezuelan oil sale, US envoy says
Reuters· 2026-02-20 08:55
US negotiating with India on Venezuelan oil sale, US envoy says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Interim trade deal effective April, India trade minister says- US made oil supply diversification central to India trade talk ...
Tullow Oil strikes multiple deals in sweeping capital overhaul
Reuters· 2026-02-20 08:04
Group 1 - Tullow Oil has entered refinancing deals with Glencore and holders of approximately two-thirds of its $1.3 billion senior secured notes, extending debt maturities to November 2028 [1] - The company has reached an agreement with the Ghana government to extend its West Cape Three Points and Deep Water Tano Petroleum agreements [1] - These refinancing efforts aim to stabilize Tullow's capital structure and align it with anticipated operational catalysts and potential reserve additions by 2026 [1] Group 2 - Tullow Oil has agreed to purchase the Floating Production, Storage, and Offloading vessel for Ghana's TEN oilfields for $205 million, which is expected to reduce fixed costs and enhance long-term cash flow [1] - The deals are part of Tullow's strategy to streamline operations across its West African portfolio amid increasing debt and delayed payments from the Ghana government [1]
Hungary's government to release 250,000 tons of crude oil from strategic reserves
Reuters· 2026-02-20 06:53
Group 1 - Hungary's government plans to release 250,000 tons of crude oil from its strategic reserves due to halted oil flows on the Druzhba pipeline [1] - MOL Group, Hungary's oil company, will have priority access to the released crude oil reserves as per the government's decree [1]
Air Liquide narrowly beats recurring operating income forecast in 2025
Reuters· 2026-02-20 06:22
Core Viewpoint - Air Liquide reported a recurring operating income of 5.58 billion euros for 2025, slightly exceeding analyst expectations of 5.56 billion euros, driven by efficiencies, pricing management, and dynamic asset portfolio management [1][1][1] Financial Performance - The recurring operating profit increased from 5.39 billion euros in 2024 to 5.58 billion euros in 2025, reflecting a positive growth trend [1][1][1] - Analysts from Vara Research had anticipated a sales figure of 5.56 billion euros on average, indicating that Air Liquide's performance was above market expectations [1][1][1] Business Operations - The company specializes in supplying industrial gases such as oxygen, nitrogen, and hydrogen to various sectors, including factories and hospitals, highlighting its critical role in industrial operations [1][1][1] - The growth in operating income is attributed to effective pricing strategies particularly in the Industrial Merchant unit, showcasing the company's ability to manage costs and optimize revenue streams [1][1][1]
Unipol's annual profit jumps 37%, proposes higher dividend
Reuters· 2026-02-20 06:09
Italian insurer Unipol reported a 36.8% rise in its full-year profit on Friday, driven by a strong performance in its core insurance business and contributions from soon-to-be-merged BPER and Banca Po... ...
Amazon's cloud unit hit by at least two outages involving AI tools, FT says
Reuters· 2026-02-20 05:10
Core Insights - Amazon's cloud unit, Amazon Web Services (AWS), has experienced at least two outages due to errors related to its own AI tools, as reported by the Financial Times [1] Company Impact - The outages could potentially affect AWS's reputation and reliability in the cloud services market, which is critical for maintaining customer trust and competitive advantage [1] Industry Context - The incidents highlight the challenges and risks associated with integrating AI tools into cloud services, emphasizing the need for robust testing and quality assurance processes in the rapidly evolving tech landscape [1]