Reuters UK Business

By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -UK markets were spared painful blows from the new Labour government’s first budget on Wednesday, which announced 40 billion pounds of tax hikes to plug shortfalls but soothed jitters about public spending blowouts and debt market disorder. As finance minister Rachel Reeves balanced big debt and investment …

UK Labour budget spares markets from another ‘Liz Truss moment’ Read More »

By David Milliken LONDON (Reuters) -Britain’s government bond market is well placed to absorb the higher debt issuance needed to fund the new Labour government’s budget plans, the head of the country’s debt agency told Reuters on Wednesday. The UK Debt Management Office revised up its gilt issuance plans for this financial year by 19.2 …

New UK debt chief sees ready appetite for more bond issuance Read More »

(Reuters) -The Bank for International Settlements said on Thursday it would quit the cross-border payments platform Project mBridge, raising questions about how the scheme backed by China will evolve at a time of growing geopolitical scrutiny of global transfers. Project mBridge, a collaboration launched in 2021 between the BIS and the central banks of China, …

BIS to leave China-backed central bank digital currency project Read More »

By Pietro Lombardi MADRID (Reuters) -The CEO of Spanish oil company Repsol on Thursday confirmed the group’s outlook for shareholder payouts despite a near halving in third-quarter profit linked to a slump in oil refining margins. Like larger peers including France’s TotalEnergies and BP, Repsol has been hit by a significant decline in refining margins …

Repsol moves to soothe investors after collapsing refining margins hit profit Read More »

ZURICH (Reuters) -Siemens could sell off part of its stakes in Siemens Healthineers, Siemens Energy and Fluence to help fund its $10.6 billion Altair acquisition, Chief Financial Officer Ralf Thomas said on Thursday. Siemens currently holds 75% in medical equipment maker Siemens Healthineers and 17% in Siemens Energy, as well as a 31% stake in …

Siemens could reduce stakes in Healthineers, other companies to fund Altair deal Read More »

By Bartosz Dabrowski (Reuters) -Linde, the world’s largest industrial gases company, said on Thursday it was confident about its clean energy projects after trimming its full-year forecast due to a slowdown in its end markets including mining, metals and healthcare. “I feel pretty confident that the $8-10 billion number for hydrogen investments over the next …

Linde upbeat on clean energy projects as it trims full year outlook Read More »