By Anisha Sircar and Shashank Nayar (Reuters) – European shares ended higher on Thursday on hopes fresh curbs and restrictions may not be needed to fight the pandemic going into the new year, but a surge in COVID-19 cases due to the Omicron variant kept a lid on gains. The pan-European STOXX 600 rose 0.3%, …
Stocks firm on Europe’s last full trading day of 2021 Read More »
(Reuters) – Britain’s FTSE 100 fell on Thursday, after hitting 22-month highs in the previous session, as a surge of COVID-19 cases offset optimism over the economic recovery in thin year-end trading. The FTSE 100 ended 0.2 lower, with consumer staple and industrial stocks weighing on the benchmark index, while the domestically focused mid-cap index …
FTSE 100 edges down as COVID fears dull festive cheer Read More »
BUDAPEST (Reuters) – Hungarian real estate holding company BDPST Zrt, owned by Prime Minister Viktor Orban’s son-in-law, is buying a 57% stake in small lender Granit Bank, BDPST said on Thursday. BDPST bought the stake from a Hungarian consulting firm, E.P.M., which is controlled by Granit Bank’s Chair and Chief Executive Officer Eva Hegedus according …
Company of PM Orban’s son-in-law buys 57% stake in Hungary’s Granit Bank Read More »
By Vladimir Soldatkin MOSCOW (Reuters) – Gas traders are relying on stockpiles to supply European buyers and avoid paying near record-high prices, industry sources and market analysts said, explaining the unusual reverse in direction of flows through a major Russian pipeline. The 33 billion cubic metre (bcm) Yamal-Europe Pipeline, which accounts for about one sixth …
Analysis-Hoping for cheaper gas to come, Europe reverses Russian link to tap storage Read More »
MOSCOW (Reuters) – Russia’s Gazprom plans to spend 22.8 billion roubles ($305 million) on financing the Nord Stream 2 gas pipeline in 2022, TASS news agency cited the gas giant as saying on Thursday. Russia has said the Nord Stream 2 undersea pipeline would help to calm a surge in European gas prices and that …
Gazprom plans to spend $305 million on Nord Stream 2 pipeline in 2022 – TASS Read More »
BERLIN (Reuters) – Germany will pull the plug on three of its last six nuclear power stations on Friday, another step towards completing its withdrawal from nuclear power as it turns its focus to renewables. The government decided to speed up its phasing out of nuclear power following Japan’s Fukushima reactor meltdown in 2011 when …
Germany to pull the plug on three of its last six nuclear plants Read More »
By Essi Lehto HELSINKI (Reuters) – More than 50,000 Finnish industrial workers plan to go on strike in January in a wage dispute, potentially shutting down plants in mining, metals and technology, three labour unions said on Thursday. Finnish industrial employers say higher wages threaten competitiveness while unions say the current pay offer will worsen …
More than 50,000 Finnish industrial workers threaten to strike over wage dispute Read More »
By Simon Jessop, John Revill and Oliver Hirt LONDON/ZURICH (Reuters) -Top Credit Suisse investor Harris Associates said on Thursday it is “100% supportive” of Chairman Antonio Horta-Osorio after an internal investigation by the bank found he breached COVID-19 rules a second time. The investigation by Credit Suisse’s legal team found the Portuguese banker attended the …
Top Credit Suisse investor Harris ‘100% supportive’ of chairman Read More »
FRANKFURT (Reuters) – The European Central Bank is close to meeting its 2% medium-term inflation target and can unwind stimulus quicker than now planned if price growth continues to surprise on the upside, Dutch central bank chief Klaas Knot told a German newspaper. The ECB curbed its stimulus earlier this month but extended support measures, …
ECB can accelerate bond taper if inflation stays high: Knot Read More »
BERLIN (Reuters) – European Central Bank will have to focus on gradually phasing out negative interest rates and unconventional monetary policy in 2022, the institution’s policymaker Robert Holzmann said on Thursday. Holzmann, who is also Austria’s central bank chief, said inflation would peak around the turn of next year and then slowly weaken again. The …
ECB’s Holzmann says crucial to phase out negative interest rates in 2022 Read More »
