(Bloomberg) — The European Union’s next contest for a top job risks turning into a showdown between its two key Mediterranean powers staking rival claims to status and influence within the bloc.
Turkey said it is closing in on an agreement with China for construction of a new nuclear power plant, a step that would mark a leap in Turkish efforts to lower oil and gas imports.
Fiscal and monetary policy must be better coordinated in the euro area, with more discipline in government spending needed to avoid fueling inflation, according to Bank of France Governor Francois Villeroy de Galhau.
Iron ore rose for a fifth day as Chinese authorities increased economic support aimed at stimulating the crucial construction and property industries.
Europe could soon be awash with gas as another mild start to winter delays heating demand.
India’s S&P BSE Sensex Index is poised for its longest streak of gains since October 2007, boosted by optimism over corporate earnings and steady net buying from domestic and global funds. The key stock gauge hasn’t seen a single down day in September, eyeing an 11th session of rise Friday despite concerns over stretched valuations.
China’s youth employment advanced last month, the statistics bureau said, while still declining to publish the jobless rate after abruptly halting that data last month.
China’s central bank ramped up efforts to accelerate an economic recovery, releasing more cash into markets as data show fresh encouraging signs for the country’s growth momentum.
TotalEnergies SE is in talks to invest in renewable energy projects developed by Adani Green Energy Ltd., people familiar with the matter said, potentially marking the first public deal between the French oil giant and Gautam Adani since a short-seller leveled fraud allegations against the Indian billionaire’s business empire.
China told some brokerage firms to reduce proprietary trading in the foreign-exchange market, according to people with knowledge of the matter, marking another step by the authorities to defend the beleaguered currency.
