BERLIN (Reuters) – Germany’s economic downturn worsened this month with both manufacturing and services activity contracting, a preliminary survey showed on Friday, pointing to a recession in Europe’s biggest economy at the end of the year. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, fell for the sixth consecutive month, …
German economic activity deteriorates in Dec-PMI Read More »
GDANSK (Reuters) -Shares in Polish homebuilder Murapol rose 13.6% on their stock market debut in Warsaw on Friday, the market’s first initial public offering (IPO) in two years. The company priced its IPO at 33 zlotys per share, giving it a valuation of 1.35 billion zlotys ($344.48 million). Friday’s debut at 37.50 zlotys, boosted that …
Homebuilder Murapol up 13.6% in first Warsaw IPO in two years Read More »
MOSCOW (Reuters) – Russian Railways on Friday said Finland’s state-owned railway company VR had acted unlawfully in seizing four trains co-owned through a joint venture. “The transfer of trains … was not agreed,” Russian Railways said in a statement. VR said on Thursday it had seized the Allegro trains that used to travel between the …
Russian Railways calls Finland’s train seizure unlawful Read More »
FRANKFURT (Reuters) -The German economy is set to shrink slightly this year and barely grow the next as demand from abroad is weak, government subsidies for the green transition are curbed and high interest rates dampen activity, the central bank said on Friday. The Bundesbank’s projections point to Europe’s largest economy continuing to lag behind …
German economy to barely grow next year as Berlin cuts spending – Bundesbank Read More »
PARIS (Reuters) – French business activity declined faster than expected in December, a survey showed on Friday, as demand for goods and services in the euro zone’s second-biggest economy deteriorated further. The HCOB France flash Purchasing Managers Index (PMI) for the country’s dominant services sector, compiled by S&P Global, came in at 44.3 points in …
French business activity contracts more than expected in December -flash PMI Read More »
By Susanna Twidale (Reuters) -Britain’s energy regulator is planning a one-off increase to its price cap on energy bills to reduce the risk of suppliers going bust amid almost 3 billion pounds ($3.8 billion) of customer energy debt, it said on Friday. Soaring wholesale energy costs following Russia’s invasion of Ukraine led to record high …
UK to lift energy bills to help offset suppliers’ bad debts Read More »
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Markets have raced ahead of the U.S., euro zone and UK central banks to price in sizeable and frenetic interest rate cuts next year, fueling a so-called everything rally that could now be vulnerable to a correction. The U.S. Federal Reserve on Wednesday signaled it would cut …
Markets outpace central banks as rate cut bets fuel ‘everything rally’ Read More »
COPENHAGEN/DUBAI (Reuters) -Danish shipping company Maersk on Friday denied a claim by Yemen’s Iran-aligned Houthi movement that the militia made a drone strike on a Maersk vessel sailing towards Israel. The Houthi earlier claimed it carried out a military operation against a Maersk container vessel, directly hitting it with a drone. The Houthi, who made …
Maersk denies Houthi claim container ship hit by Yemeni militia Read More »
BERLIN (Reuters) – Germany’s finance ministry has lifted a freeze on new spending that was imposed more than three weeks ago, according to a letter seen by Reuters on Thursday. The move comes a day after Germany’s government clinched a last-minute deal on its 2024 budget following weeks of tense talks. The letter dated Dec. …
Germany lifts spending freeze after budget deal clinched, document shows Read More »
STOCKHOLM (Reuters) -A group of Nordic institutional investors said in a letter to Tesla on Thursday they were deeply concerned by the conflict between the company and labour unions in Sweden, and asked it to reconsider its approach to collective bargaining. Tesla is facing a backlash from unions and some pension funds in the region …
Nordic investors urge Tesla to back down in Swedish labour dispute Read More »
