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LONDON, July 10 (Reuters) - Portfolio investors tip-toed back into crude oil as Saudi Arabia extended its unilateral production cut for at least another month, dissipating some of the extreme pessimism gripping the market at the end of June.Hedge funds and other money managers purchased the equivalent of 47 million barrels in the six major petroleum futures and options contracts over the week ending on July 3-4.Buying was concentrated in crude (+52 million barrels) with purchases of Brent (+25 million) and NYMEX and ICE WTI (+27 million), according to exchange...

Siemens Energy weighs on German stocksGSK jumps on settling first Zantac cancer U.S. lawsuitEuro zone business growth stalls in June - flash PMISTOXX 600 off 0.3%, Germany's DAX down 1.0%June 23 (Reuters) - European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for longer, while shares of Siemens Energy plunged as it withdrew its annual profit outlook.The STOXX 600 (.STOXX) index closed 0.3% lower after data showed euro zone business growth stalled this month as the...

BUCHAREST, June 22 (Reuters) - Renewable energy and transport infrastructure led a surge of projects vying for European Union recovery funds in Romania, where the government's capacity to tap funding has increased, a European Investment Bank (EIB) vice president said on Thursday.Romania stands to get up to 30 billion euros ($32.87 billion) worth of grants and loans until 2026 out of the EU's 724 billion euros Recovery and Resilience Facility (RRF), designed to help economies' post-pandemic rebound.Within central Europe, where Poland and Hungary are still struggling to unlock the funds,...

Vendors prepare products at a store painted with Venezuelan and U.S. flags in Maracaibo September 12, 2008. REUTERS/Isaac Urrutia/File PhotoCARACAS/MADRID/NEW YORK, June 15 (Reuters) - Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds, on the expectation of debt renegotiations or of legal action tied to a looming expiry of repayment rights, investors and four financial sector sources said.Many of the bonds are trading at pennies on the dollar after a default in 2017, compounded by 2018 sanctions from Washington that barred...

CHICAGO, June 13 (Reuters) - U.S. grains merchant Bunge (BG.N) and Glencore-backed (GLEN.L) Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny.The deal brings the combined company closer in global scale to leading rivals Archer-Daniels-Midland (ADM.N) and Cargill (CARG.UL), valuing Bunge and Viterra at about $17 billion each. Bunge shareholders, however, will own about 70% of the company, because Bunge will pay for a significant chunk of the deal...

White House rebuts reports of Iran oil dealFed expected to keep interest rates on hold in JuneU.S. crude stocks fall, gasoline inventories riseJune 8 (Reuters) - Oil prices settled lower on Thursday but rebounded from earlier losses after the U.S. and Iran both denied a report that they were close to a nuclear deal.Oil fell by more than $3 on the report that the U.S. would give Iran sanctions relief to export oil in return for Tehran reducing uranium enrichment.A spokesperson for the White House National Security Council called the...