PARIS (Reuters) – France’s central bank reported on Wednesday a fresh loss for 2024, but said the worst was behind it and a return to profit in the coming years was in sight. Many central banks have been posting losses as interest payments on commercial banks’ excess liquidity deposited with them is currently higher than …
French central bank says losses peaked in 2024, should ease here on out Read More »
ZURICH (Reuters) – Siemens is seeing some hesitancy among customers in the United States due to political uncertainties, Chief Financial Officer Ralf Thomas said on Wednesday, although he does not expect the situation to last. “Whenever there is uncertainty on the political side, that translates into a kind of paralysis for decisions makers,” Thomas told …
Siemens CFO says political uncertainties weighing on customers decisions Read More »
By Pushkala Aripaka (Reuters) -Britain’s M&G reported a surprise rise in annual profit on Wednesday helped by cost cuts and growth in its asset management business, sending its shares to a one-year high. Asset managers such as M&G which make active investment decisions have faced tough trading conditions in recent years due to inflationary pressure …
UK’s M&G posts surprise profit rise as turnaround efforts pay off Read More »
BELGRADE (Reuters) – Serbian oil company NIS, majority-owned by Russian Gazprom Neft and Gazprom, has submitted a second request to the U.S. for a waiver of sanctions, the CEO of state gas company Srbijagas said on Wednesday. The sanctions could result in crude supply cuts for NIS, which operates a single oil refinery in Serbia …
Serbia seeks sanctions waiver from US for oil company NIS, again Read More »
By Sarah Marsh and Matthias Williams BERLIN (Reuters) -Germany’s parliament approved plans for a massive spending surge on Tuesday, throwing off decades of fiscal conservatism in hopes of reviving economic growth and scaling up military spending for a new era of European collective defence. The approval in the Bundestag hands conservative leader Friedrich Merz a …
German parliament approves Merz’s spending surge as allies cheer Read More »
By Ashitha Shivaprasad and Anmol Choubey (Reuters) – Bismuth prices in Europe have surged to all-time highs as China’s export controls squeeze supplies of the mineral used in atomic research, cosmetics and pharmaceuticals, according to traders and experts. Prices of bismuth have jumped to $40 a lb on the European spot market, an all-time high, …
European bismuth prices rocket to record highs on China export curbs Read More »
ZURICH (Reuters) – Switzerland’s finance ministry has fined Lara Warner, former compliance chief of collapsed lender Credit Suisse, 100,000 Swiss francs ($114,000), according to a Swiss government order seen by Reuters on Wednesday. The bank executive failed to notify Switzerland’s anti-money laundering authorities of a suspicious 2016 transaction for 7.9 million francs handled by Credit …
Switzerland fines former Credit Suisse executive over Mozambique case Read More »
MADRID (Reuters) – Spanish startup Playtomic, which rents racket sports courts through a mobile phone app, achieved a valuation of 250 million euros ($273 million) in a new funding round, its chief executive Felix Ruiz said on Wednesday. The company raised 55 million euros in fresh equity from several funds, he said in a statement. …
Spanish startup Playtomic valued at $273 million in new funding round Read More »
PRAGUE (Reuters) – Czech National Bank board member Jan Kubicek is “sceptical” about the inclusion of bitcoin among the bank’s hefty reserves, wary of legal uncertainties and concerns around volatility of the digital currency. CNB Governor Ales Michl put bitcoin up for consideration earlier this year, and the bank has begun an analysis looking into …
Czech central banker Kubicek ‘sceptical’ of bitcoin as reserve asset Read More »
(Reuters) – Ukraine’s gross domestic product grew up 0.7% in February year on year, the country’s economy ministry said on Wednesday. First deputy economy minister Oleksiy Sobolev said that the slowdown in economic growth in February was caused by Russian strikes on gas production facilities and temporarily lower exports. (Reporting by Yuliia Dysa; Editing by …
Ukraine’s GDP grew up 0.7% in February y/y, economy ministry says Read More »
