MOSCOW, Jan 24 (Reuters) - Kazakhstan's biggest oil producer Chevron ( CVX )-led Tengizchevroil (TCO) said on Friday it had initiated oil production at its new third-generation plant (3GP) at the Tengiz oilfield. This milestone marks the beginning of a gradual ramp-up of 3GP production over the coming months, which is expected to expand Tengiz's crude oil output by an...

SEOUL (Reuters) - South Korean battery firm LG Energy Solution (LGES) said it expected electric vehicle demand growth to slow in the near-term, as it posted on Friday a quarterly loss for the first time in three years.  LG Energy Solution said it plans to cut capital expenditure by up to 30% this year, also warning of slowing growth because...

SEOUL (Reuters) - South Korean automaker Kia Corp on Friday posted an operating profit of 12.67 trillion won ($8.85 billion) for 2024, with its fourth quarter performance up 10.2% from the previous year. Its revenue target for 2025 was 112.5 trillion won, while its operating profit target was 12.4 trillion won, the company said in a filing. ($1 = 1,431.2900...

Jan 24 (Reuters) - Italian lender Monte dei Paschi (MPS) on Friday launched a bid to acquire all the shares of investment bank Mediobanca for 15.92 euros ($16.64) per share. ($1 = 0.9569 euros) (Reporting by Gursimran Kaur in Bengaluru) ...