By Khushi Singh, Ankika Biswas and Sruthi Shankar (Reuters) – European shares climbed on Tuesday as government bond yields eased after comments from European Central Bank officials and data that confirmed cooling inflation in the euro zone. The pan-European STOXX 600 closed up 0.4%, with New York’s S&P 500 also trading near all-time highs as …
European stocks climb on optimism over interest rate cuts Read More »
By Maria Martinez BERLIN (Reuters) – German Chancellor Olaf Scholz’s three-party coalition has announced an agreement on the key points of the draft budget for 2024 following weeks of negotiations after a court ruling last month threw the government’s finances into disarray. However, many questions remain after they announced the budget deal, suggesting that agreements …
Factbox-Germany’s budget deal: the questions that remain Read More »
By Maha El Dahan and Andrew Mills DOHA (Reuters) – QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several “imminent”, its chief executive told Reuters. Qatar is among the world’s top exporters of LNG, competition for which has ramped up since the beginning of the war in …
Exclusive-QatarEnergy CEO says new LNG supply deals ‘imminent’ Read More »
BERLIN (Reuters) – The Volkswagen brand said on Tuesday that it will take over the government’s share of an environmental bonus for electric vehicles after the state’s subsidy programme was ended prematurely following the adoption of a revised 2024 budget. The carmaker said the arrangement is being made as a gesture of goodwill and applies …
Volkswagen brand to take over German govt’s share of EV subsidy Read More »
(Reuters) -UK fashion retailer Superdry warned of a hit to annual profit on Tuesday, as unusually warm weather hurt sales of its autumn/winter collection and consumers curb spending amid a cost-of-living squeeze. Shares in the company, known for its jackets and clothing inspired by American vintage styles and Japanese-inspired graphics, fell as much as 32.5% …
UK’s Superdry warns on profit, sending shares to record low Read More »
FRANKFURT (Reuters) -The European Central Bank said on Tuesday it had raised capital requirements for 20 banks after judging they had not set aside enough cash to cover for loans that had gone unpaid, a key concern for supervisors at a time of high borrowing costs. The move was part of the ECB’s push, set …
ECB raises capital demands for 20 banks over bad loans Read More »
BERLIN (Reuters) – German state rail operator Deutsche Bahn said on Tuesday it had launched a sales process for its logistics arm DB Schenker, which banking sources have said could be worth as much as 20 billion euros ($21.84 billion). “The DB Group has issued an official announcement today laying out an open and non-discriminatory …
Deutsche Bahn launches sales process for logistics arm DB Schenker Read More »
BERN (Reuters) – Credit Suisse came close to imploding months before its eventual rescue, the Swiss financial regulator said on Tuesday in its first detailed account of the crisis, as it argued for stronger powers to oversee lenders in future. The regulator, FINMA, which has come under fire for its supervision of the bank, defended …
Swiss financial watchdog calls for more powers after Credit Suisse crash Read More »
By Olena Harmash and Tom Balmforth KYIV/LONDON (Reuters) – Ukraine’s embattled economy can weather the next few months until foreign aid arrives, but 2024 is certain to be tougher than this year and Kyiv will need to rely more heavily on its own resources. Ukraine hopes to plug next year’s $43 billion budget deficit mostly …
Analysis-Ukraine economy heads for tough 2024 as Western aid concerns grow Read More »
(Reuters) – Music investor Hipgnosis Songs Fund delayed its half-year results on Tuesday, saying the valuation it received from independent valuer was materially higher than what was implied by proposed and recent transactions in the sector. The company, which has rights to catalogues of several artists including Shakira, Neil Young and Red Hot Chili Peppers, …
Music royalty fund Hipgnosis delays HY results on valuation concerns Read More »
