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Swedish real estate company Fastighets Balder falls to Q2 loss

Swedish real estate company Fastighets Balder on Tuesday fell to a second-quarter net loss citing a drop in property values.

Sweden , Copenhagen , Køavn- , Denmark , Swedish , Jason-neely , Louise-breusch-rasmussen , Thomson-reuters-trust-principles , Reuters , Fastighets-balder , Thomson-reuters-trust , Fastighets-baldner

EU court sends Hutchison challenge of EU veto on 02 deal to lower tribunal

Europe's top court on Thursday referred Hutchison's challenge against an EU veto of its 13-billion-pound bid to acquire O2 UK from Spain's Telefonica seven years ago back to a lower tribunal.

United-kingdom , Brussels , Bruxelles-capitale , Belgium , Bart-meijer , Telefonica-europe , Foo-yun-chee , P-commission , European-commission , Reuters , European-union , Thomson-reuters-trust-principles

Kuwait 2023-24 draft budget sees $22.2 bln deficit - report

Kuwait's draft budget for 2023-2024 estimates a deficit of 6.8 billion dinars ($22.2 billion) on the back of lower oil prices and volumes, a local paper reported citing a member of parliament.

Dubai , Dubayy , United-arab-emirates , Cairo , Al-qahirah , Egypt , Kuwait , Kuwaiti , Al-dustor , Yousef-saba , Hugh-lawson , Osama-al-zaid

UPDATE 1-Kuwait draft budget estimates $22.2 bln deficit, Al Dustor reports

Kuwait's draft budget for 2023-2024 estimates a deficit of 6.8 billion dinars ($22.2 billion), hit by lower oil prices and volumes, a local paper reported, citing a member of parliament.

Dubai , Dubayy , United-arab-emirates , Cairo , Al-qahirah , Egypt , Russia , Kuwait , Kuwaiti , Osama-al-zaid , Yousef-saba , Saad-al-barrak

UPDATE 1-US drillers add oil and gas rigs for first time in 10 weeks -Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for the first time in 10 weeks, due to the biggest weekly increase in gas rigs since October 2016, energy services firm Baker Hughes Co said in its closely followed report on Friday.

Louisiana , United-states , Arkansas , Haynesville , New-mexico , Texas , Baker-hughes , Baker-hughes-co , Thomson-reuters-trust-principles , Reuters , Adds-permian

South Korea vows to support credit cooperative hit by withdrawals

South Korean authorities pledged on Thursday to ensure liquidity at a local credit cooperative that has seen one of its branches hit by customer withdrawals after media reports about a rise in non-performing loans related to real estate projects.

Seoul , Soult-ukpyolsi , South-korea , Namyangju , Kyonggi-do , South-korean , Jihoon-lee , Kwon-dae-young , Edwina-gibbs , Han-chang-seob , Ed-davies , Reuters

Russia's Sberbank CEO says rouble not at optimal level, needs to strengthen

German Gref, CEO of Russia's dominant lender Sberbank, on Thursday said the rouble was not at an optimal level and needed to strengthen, the RIA news agency cited him as saying.

Moscow , Moskva , Russia , German-gref , Toby-chopra , Sberbank , Thomson-reuters-trust-principles , Reuters , Alexander-marrow , Thomson-reuters-trust , Markets-sberbank-urgent- , Asia-pacific

VW ready to deal with China metal curbs; chipmakers play down fallout

Volkswagen is monitoring metals markets after China imposed export restrictions on two minor metals used in semiconductors and electric vehicles, it said on Thursday, while some chipmakers played down fears of shortages.

Beijing , China , Taipei , T-ai-pei , Taiwan , Germany , Japan , Chinese , German , Liao-chien-yu , Alastair-neill , Jan-schwartz