By Sujata Rao LONDON (Reuters) – Sterling vaulted above $1.34 for the first time in a month on Thursday and also scaled a one-month high against the euro, surfing a general uptick in risk sentiment and a steep rise in Britain’s short-dated government bond yields. UK businesses posted the weakest quarterly growth since the three …
Pound lifted to one-month high by gilt yield rise, Omicron reassurance Read More »
By Olga Yagova and Gleb Gorodyankin MOSCOW (Reuters) – Russia has placed its bets on its biggest oil project since the fall of the Soviet Union to push aside rival Middle Eastern, West African and U.S. grades in core European markets and provide much-needed revenues. The Rosneft-led project Vostok Oil in Russia’s new northern oilfields …
Analysis-Russia’s Rosneft bets on giant Vostok to reshape Europe’s oil market Read More »
By Katya Golubkova, Vladimir Soldatkin and Susanna Twidale MOSCOW/LONDON (Reuters) – President Vladimir Putin said on Thursday that Germany was reselling Russian gas to Poland and Ukraine rather than relieving an overheated market, adding Moscow was not to blame for Europe’s gas price crisis. European spot gas prices hit another all-time high this week after …
Russia’s Putin lays Europe gas price crisis blame on Germany Read More »
LONDON (Reuters) – Hedge fund Third Point’s boss Dan Loeb on Thursday blamed the departure of the chairman of the firm’s London-listed fund on “inexperienced” and “juvenile antics” of activist investors. Third Point Investors Limited (TPIL), a closed-ended fund managed by Third Point, has been under fire from Asset Value Investors (AVI) and three other …
Third Point’s Loeb slams activists after UK fund chairman quits Read More »
BERLIN (Reuters) – Lufthansa plans to cut 33,000 flights from its winter schedule due to the spread of the Omicron coronavirus variant and related travel restrictions, CEO Carsten Spohr told the Frankfurter Allgemeine Sonntagszeitung newspaper. “From mid-January to February, we see a sharp downturn in bookings,” he told the newspaper on Thursday, adding that 33,000 …
Lufthansa to cut 33,000 flights due to Omicron – FAS newspaper Read More »
By Kanishka Singh (Reuters) – The U.S. Justice Department said it resolved probes into Balfour Beatty Communities, one of the U.S. military’s largest private landlords, after it pleaded guilty on Wednesday to one count of major fraud and agreed to pay over $65 million in fines and restitution. Balfour Beatty was being investigated for defrauding …
U.S. military landlord pleads guilty to fraud, resolving probe – Justice Dept Read More »
PARIS (Reuters) -France and Italy called on Thursday for the European Union’s fiscal rules to allow more leeway for investments that would help the 27-nation bloc become greener and more self-sufficient in a post-pandemic world. EU budget rules safeguard the value of the euro by setting limits on government deficits and debt. Since they were …
France, Italy urge more leeway for investment in EU fiscal reform Read More »
FRANKFURT (Reuters) -Some European banks are holding off on a decision to move forward with a new payments project that is intended be a home-grown rival to Mastercard and Visa, the company overseeing the effort said on Thursday. The delay marks a major snag in the so-called European Payments Initiative (EPI), which aims to become …
By Kate Abnett and Susanna Twidale BRUSSELS (Reuters) – Energy intensive industries have urged the European Union to address soaring energy prices, saying the record costs have hit their competitiveness and could prompt European companies to relocate. Extending months of price rises, European gas hit record levels this week in response to low storage, cooler …
Heavy industry urges EU to tame ‘unbearably high’ energy prices Read More »
By Belén Carreño MADRID (Reuters) -Spain’s economy grew 2.6% in the third quarter, faster than an 2% initial estimate, driven by higher than expected household consumption, the INE statistics institute revealed, although annual growth may still fall short of the government’s target. Summer is the key quarter for the tourism-dependent Spanish economy. Thursday’s new data …
Spain’s GDP upward revision fuels uncertainty on real growth momentum Read More »
