(Reuters) - Shares in BASF fell 3% in early Frankfurt trading after the chemical company late on Friday reported write-downs and a drop in annual earnings below estimates. According to preliminary figures, 2024 earnings before interest and taxes fell to 2 billion euros ($2.09 billion), missing Vara's analyst consensus of 3.2 billion euros, also falling below the 2023 figure. Full-year...

Jan 27 (Reuters) - U.S.-based Diversified Energy ( DEC ) said on Monday it will buy private equity-owned Maverick Natural Resources for $1.28 billion, including debt, to expand into the oil and gas-rich Permian Basin. Diversified Energy ( DEC ), which focuses on producing natural gas and liquids, said it would take on about $700 million of Maverick Natural Resources'...

MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy's Treasury picked him out to revive the fortunes of the world's oldest bank, five years after bailing it out. Back in October 2022 he worked through the night to pull off a share sale, as MPS's seventh cash...

(Reuters) - U.S. authorities must simplify the process to obtain bank charters, a group of lawyers wrote in a letter to the incoming leadership of banking agencies, emphasizing the industry's need to adapt in an era dominated by fintech companies. Current bureaucratic inefficiencies had led to a nearly impenetrable barrier to entry and regulators need to encourage the formation of...