By Yadarisa Shabong (Reuters) – Sterling climbed on Monday ahead of British finance minister Rachel Reeves’ spring budget update later this week and as data earlier in the day showed that business activity in the UK’s huge services sector picked up this month. The British pound rose 0.45% to $1.2973. It also gained against the …
British pound firms ahead of this week’s budget update Read More »
LONDON (Reuters) – Service provider Trading Technologies said market data issues for the London Metal Exchange (LME) reported earlier on Monday appeared to have been resolved, though it was still doing additional checks to ensure stability. Several LME member firms reported prices missing on Monday on LMEtrader, provided directly by Trading Technologies, and Standard TT …
LME market data issues on Monday resolved, says service provider Read More »
WARSAW (Reuters) – Polish utility PGE plans to invest about 18 billion zlotys ($4.7 billion) in battery storage projects, CEO Dariusz Marzec said on Monday. With a growing share of intermittent renewable capacity in the system replacing stable electricity generation from coal, Poland urgently needs to develop battery storage to continue its energy transformation. “The …
Poland’s PGE to invest about $4.7 billion in battery storage projects Read More »
By Pratima Desai LONDON (Reuters) -Elliott Associates is considering further action against the London Metal Exchange (LME) following a fine on the exchange by a watchdog last week for allowing nickel prices to surge out of control three years ago, the U.S.-based hedge fund said on Monday. Elliott lost a lawsuit against the exchange for …
Hedge fund Elliott says it may take further action on LME voided nickel trades Read More »
By Timothy Gardner WASHINGTON (Reuters) – U.S.-German startup Focused Energy, which aims to build power plants fueled by fusion, said on Monday it has signed an agreement with RWE and the German state of Hesse on building a plant at a shuttered nuclear fission site. Focused aims to build a fusion pilot plant at RWE’s …
Fusion energy startup Focused signs agreement with RWE, German state Read More »
HELSINKI (Reuters) -New nuclear power production capacity is not commercially viable to build for now, based on the current Nordic power market outlook of low prices, Finnish utility Fortum said on Monday. The company on Monday concluded a two-year study into the feasibility of new nuclear power but said it would focus on renewable energy …
Finland’s Fortum says building new nuclear power is too expensive, for now Read More »
(Reuters) -Martin Sorrell’s advertising group S4 Capital declared its first ever dividend on Monday, sending its shares up more than 10%, even as it warned that clients would remain cautious in the near term amid increasing macroeconomic uncertainty. Shares in the company, which have lost nearly 18% over the past year, rose as much as …
Ad group S4 Capital hands out first dividend, but warns of cautious clients Read More »
BERLIN (Reuters) – Germany’s issuance plan for the second quarter of 2025 remains unchanged on its December forecast, the Federal Finance Agency said on Monday, ahead of an anticipated sea change in fiscal policy that has created a stir on the global bond market. Germany plans to issue some 380 billion euros in securities this …
Germany’s debt issuance plan unchanged for second quarter, says finance agency Read More »
By Maria Martinez BERLIN (Reuters) – Business activity in Germany’s private sector rose at the quickest rate for ten months in March, amid a first increase in manufacturing production for almost two years, according to a survey published on Monday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, rose to 50.9 …
German growth edges up in March as manufacturing production rises, PMI shows Read More »
By Sudip Kar-Gupta PARIS (Reuters) – France’s private sector activity contracted for a seventh consecutive month in March as business confidence in the euro zone’s second-biggest economy fell to its lowest level since April 2020, according a survey published on Monday. The HCOB flash purchasing managers index (PMI) for France’s services sector, as compiled by …
French private sector output contracted further in March, PMI shows Read More »
