Germany’s economy performed better than expected in the fourth quarter and “more or less” stagnated, according to the Bundesbank, confirming an earlier estimate that fed optimism over the euro zone dodging a winter recession.
Turmoil at trophy properties in London and Frankfurt offer a glimpse of the damage awaiting European real estate investors as they face the sharpest reversal on record.
The Bank of England warned that life insurers are taking an “optimistic” view of how easily they could ditch sub-investment-grade assets in tough times.
Amazon.com Inc. is beginning air freight services in India, expanding in Asia even as slowing online sales growth prompts cost cuts elsewhere.
Axis Bank Ltd.’s quarterly profit jumped 62% and topped estimates amid robust growth in lending and improved margins.
Germany is still years from substituting Russian pipeline gas imports with liquefied natural gas capacities, according to estimates by the country’s Economy Ministry.
Sequoia Capital’s regional arm in South and Southeast Asia is weighing special audits of several investments in the region following allegations of financial irregularities at firms such as Zilingo Pte and GoMechanic.
A cold snap across Northwest Europe is expected to persist over the coming five days, before temperatures rebound to above seasonal norms next week.
European natural gas fell as an icy blast was forecast to ease next week, while high stockpiles helped the region guard against any supply disruptions.
The UK urged energy suppliers to stop forcing financially vulnerable consumers to install prepayment meters, saying such meters should be used only as a last resort.
