Belgium’s top index breaks 18-year-old record, capping slow recovery from 2008 crisis

By Jakob Van Calster (Reuters) -Belgium’s blue-chip index, BEL 20, hit a record high of 4,785.27 points on Thursday, surpassing the previous peak set in May 2007, supported by a strong rally in European stocks this year and solid performances from financial institutions like lender KBC and insurer Ageas. The milestone marks a long-awaited recovery …

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Hit by Trump tariffs, Thyssenkrupp cuts sales and investment forecasts

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUSSELDORF (Reuters) -German conglomerate Thyssenkrupp cut its full-year sales and investment forecasts on Thursday, blaming weak demand for its products as U.S. President Donald Trump’s import tariffs disrupt global trade in autos, machines and building materials. Weakness among automotive clients, who account for around a third of Thyssenkrupp’s customer …

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VinFast founder to inject another $1.5 billion in exchange for R&D assets

(Reuters) -VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of 2026. The deal will involve Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out …

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Indian state refiners eye Russian oil as discounts widen, sources say

By Nidhi Verma NEW DELHI (Reuters) -Indian state refiners have started making enquiries with trading firms about purchases of Russia’s Urals crude oil as discounts widen, three people with knowledge of the matter said on Thursday, ahead of a high-profile meeting of U.S. and Russian leaders on Friday. Indian state refiners – Indian Oil Corp, …

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Japan’s Minebea Mitsumi raises tender offer price for Shibaura

(Corrects Minebea Mitsumi’s tender offer period date in paragraph 6) TOKYO (Reuters) -Japanese components maker Minebea Mitsumi has decided to raise its tender offer price for thermistor maker Shibaura Electronics to 6,200 yen ($42.31) from 5,500 yen ($37.53), the companies said on Thursday. The new price matches the tender offer price presented by Taiwanese components …

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South African court rescinds TotalEnergies oil exploration permit

CAPE TOWN (Reuters) -A South African court has rescinded an environmental authorisation granted to TotalEnergies and its joint venture partner Shell to explore for oil in a block off the Cape coast, a court judgment seen by Reuters showed. However, the court said TotalEnergies should be given a chance to rectify deficiencies identified, including a …

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China urges Thailand, Cambodia reconciliation in three-way talks

By Liz Lee and Shi Bu BEIJING (Reuters) -China expressed support for Thailand and Cambodia in resolving their border dispute on Thursday and offered to provide assistance based on the wishes of both nations, Chinese Foreign Minister Wang Yi said. Wang said China supports the Southeast Asian countries in strengthening dialogue and eliminating misunderstandings, adding …

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US-Zölle bringen Birkenstock nicht aus dem Tritt – Aktie vorbörslich im Plus

München (Reuters) – Der Sandalenhersteller Birkenstock sieht sich unbeeinträchtigt von den Importzöllen des wichtigen US-Markts. Nach kräftigen Umsatz- und Gewinnzuwächsen im zurückliegenden Quartal bekräftigte der deutsche Konzern am Donnerstag die Erwartung, im laufenden Geschäftsjahr den Umsatz währungsbereinigt um bis zu 17 Prozent zu steigern und eine Umsatzrendite (bereinigte Ebitda-Marge) von 31,3 bis 31,8 Prozent zu …

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