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FRANKFURT (Reuters) – Germany’s Wintershall Dea on Wednesday said Russian President Vladimir Putin’s decree seizing its Russia assets shows once again that Russia has become unreliable and unpredictable. “The presidential decree is further confirmation: Russia is no longer a reliable economic partner and is unpredictable – in every respect,” said a spokesperson in a written …

Wintershall Dea hits back at asset seizure, says Russia unpredictable Read More »

FRANKFURT (Reuters) – The European Central Bank must keep interest rates at record highs to curb inflation, and traders betting on upcoming cuts in borrowing costs should be careful, ECB policymaker Joachim Nagel said in an interview published on Wednesday. The Bundesbank president was joining a number of his colleagues in taking aim at market …

ECB’s Nagel warns traders against betting on imminent rate cuts Read More »

BRUSSELS (Reuters) – The EU’s General Court on Wednesday annulled the European Commission’s 2020 decision to approve French state aid worth 7 billion euros ($7.67 billion) for Air France meant to soften the economic shock of the coronavirus pandemic. The case is one of many brought by Ryanair, Europe’s biggest budget airline, against the state …

EU Court annuls EU’s 2020 approval for for Air France COVID-19 state aid granted by France Read More »

By Sara Rossi MILAN (Reuters) – The first half of next year will offer favourable conditions for Italian government bonds after a stellar 2023, analysts say, but problems may surface from June onwards connected with politics and future moves by the European Central Bank. The sustainability of Italy’s 2.4 trillion euro ($2.6 trillion) public debt, …

Analysis-Italy’s bonds set for plain sailing until possible summer storms Read More »

By Emma Rumney and Isabel Woodford LONDON/MEXICO CITY (Reuters) -Diageo faces a battle to win back some investors’ trust following last month’s profit warning as the Johnnie Walker whisky and Tanqueray gin maker tries to revive its struggling Latin American division. Diageo warned last month that sales in Latin America and the Caribbean would fall …

Diageo faces fight to regain investor confidence as Mexican sales slow Read More »

LONDON (Reuters) -Sterling fell against the dollar and euro after data showed British inflation fell in November and came in well below expectations, causing markets to bring forward bets on when the Bank of England will start cutting interest rates. The pound was last down 0.56% at $1.2659, having been down around 0.15% immediately before …

Sterling slips after sharp fall in British inflation Read More »

(Reuters) – European shares gained on Wednesday on rising bets of interest rate cuts following softer inflation data from the UK and Germany, while a rise in commodity prices lifted resource stocks. The pan-European STOXX 600 was up 0.3% by 0818 GMT, with energy and telecom sectors leading gains. Data showed German producer prices fell …

European shares rise as UK, German inflation data bolster rate cut bets Read More »

(Corrects date of PCE deflator to Friday instead of Thursday in paragraph 10) A look at the day ahead in European and global markets from Kevin Buckland Dovish policy signals from opposite sides of the globe kept stocks climbing into Asian trading on Wednesday, boding well for the European open. Bets for an early rate …

Dovish policy signals keep stocks climbing Read More »