KYIV (Reuters) – Moldova’s parliament approved the budget for 2025 with a deficit of 4.05% of gross domestic product (GDP) on Thursday. Budget revenues were put at 71.6 billion Moldovan lei ($3.9 billion), up by 6.8% compared with 2024, and the expenditures were put at 85.4 billion lei, up by 4.1%. The state debt is …
Moldova’s parliament passes 2025 budget with deficit at 4% of GDP Read More »
MOSCOW (Reuters) – Russia’s state nuclear corporation Rosatom launched a wind turbine blade factory at the location of a plant formerly owned by Denmark’s Vestas, the governor of Russia’s Ulyanovsk region said on his Telegram channel. Danish wind turbine maker Vestas closed its plant that produced blades for wind farms in the city of Ulyanovsk …
Russia’s Rosatom launches wind turbine blade factory replacing Vestas plant Read More »
MOSCOW (Reuters) – Russia’s second-largest lender, VTB, has acquired an agricultural company in southern Russia, which was nationalised after its former owners were accused of corruption and fled Russia, the bank said in a statement on Thursday. The company, now called Agrocomplex Labinski, was nationalised in 2023 after an arrest warrant was issued for its …
(Reuters) – A Russian court case involving a compensation claim against Austria’s Raiffeisen Bank International (RBI) will continue in the second half of January, judicial authorities and the lender said on Wednesday. A hearing was held on Dec. 25 – which is not Christmas Day under the calendar used by the Russian Orthodox Church – …
Raiffeisen Russia court case to continue on Jan. 20 Read More »
By Sachin Ravikumar LONDON (Reuters) – Britain began a consultation on Tuesday to review rules that force automakers to produce more electric vehicles, following industry warnings that the current plan could lead to factory closures and job losses. The consultation will take views from the industry on changing the so-called Zero Emission Vehicle (ZEV) mandate, …
UK seeks industry views on electric vehicle sales targets after backlash Read More »
By Bhanvi Satija (Reuters) – U.S. retail investor fund flows into Novo Nordisk surged 32-fold on Friday, as the Danish drugmaker’s weaker-than-expected obesity drug data offered a rare dip-buying opportunity, according to Vanda Research. Daily net flows climbed to $15.6 million from $0.49 million a day earlier, after eagerly anticipated data showed Novo’s experimental drug, …
Retail investors buy Novo dip after disappointing weight-loss drug data Read More »
By Ankika Biswas (Reuters) -Europe’s main stocks index rose on Tuesday, with mining and energy stocks leading gains amid light trading volumes ahead of the Christmas break. The pan-European STOXX 600 was up 0.2%, with many markets either shut or working reduced hours for Christmas Eve. Most European markets will be closed for the next …
Energy, mining stocks lead gains in Europe’s holiday-thinned trade Read More »
(Reuters) -The UK’s benchmark FTSE 100 rose for a second day on Tuesday in thin trading volumes ahead of the Christmas break, while shares in homebuilder Vistry fell after it issued its third profit warning since October. The blue-chip FTSE 100 was up 0.4%, on course for its biggest one-day percentage gain in over two …
London stocks gain on Christmas Eve, Vistry falls on profit warning Read More »
LONDON (Reuters) – Euronext said on Tuesday it was experiencing an issue in calculating closing prices for cash instruments and would manually update those prices for the assets that had been affected. “Euronext is experiencing an issue with the closing price calculation for instruments undergoing an extended auction after the closing uncrossing phase, triggered by …
Euronext flags glitch in calculating cash instrument closing prices Read More »
By Amanda Cooper LONDON (Reuters) – The British pound strengthened modestly in a holiday-shortened trading session on Tuesday, but could face a more uncertain path next year as global monetary policy diverges, analysts said. Sterling was last up 0.1% at $1.2544, set for a 1.6% loss in December, marking a third successive monthly loss. Against …
