(Reuters) – British water company Severn Trent is raising 1 billion pounds ($1.2 billion) in new equity to help finance an investment drive to reduce the release of untreated sewage into rivers and cut leaks from its network of pipes. The performance of Britain’s water companies has become a hot political issue as customers and …
UK’s Severn Trent to raise $1.2 billion to partly fund clean-up of rivers Read More »
By David Milliken LONDON (Reuters) – British lenders approved the fewest new mortgages in six months in August, figures showed on Friday, in a further sign of the slowdown in the property market as mortgage interest rates rise, but borrowing by consumers gathered some steam. Bank of England data showed banks and building societies approved …
UK mortgage approvals touch six-month low but consumers borrow more Read More »
SOCHI, Russia (Reuters) – Russia’s central bank could increase its main interest rate or keep it at the current level of 13.0% during the rest of 2023, governor Elvira Nabiullina said on Friday. “The average rate forecast for this year implies both keeping the rate unchanged and raising it,” she told a banking forum in …
Russia’s cenbank chief: key interest rate could be raised or kept on hold this year Read More »
ZURICH (Reuters) -Credit Suisse has shed nearly 13% of its workforce this year, underlining the turmoil at the bank that was taken over by cross-town rival UBS in a state-engineered rescue earlier this year. The number of Credit Suisse employees fell to 33,968 at the end of June, down from 38,908 at the end of …
Credit Suisse sheds nearly 13% of workforce this year Read More »
BERLIN (Reuters) – German retail sales unexpectedly fell in August, as persistently high inflation took its toll on consumption in the euro zone’s largest economy. German retail sales fell by 1.2% in August compared with the previous month, data showed on Friday. Analysts polled by Reuters had predicted a 0.5% increase. Year-on-year, retail sales fell …
MILAN (Reuters) – Allianz’s Chief Financial Officer Giulio Terzariol is set to leave his post at the German group to take a top job at Italy’s biggest insurer Assicurazioni Generali, two Italian newspapers reported on Friday. Dailies la Repubblica and La Stampa reported Terzariol would become the head of the insurance business of Generali, which …
Allianz CFO headed for Generali to lead insurance business – Italian media Read More »
FRANKFURT (Reuters) – Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank’s steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth. Consumer prices in the 20 countries that share the euro rose by …
Euro zone inflation falls to lowest in 2 years as economy slows Read More »
AMSTERDAM (Reuters) – U.S. carrier JetBlue Airways said on Friday it had filed a complaint against the Netherlands and the European Union to the U.S. Department of Transportation over the Dutch government’s move to curb traffic at Amsterdam’s Schipol Airport. “In so doing, the Dutch government stands in flagrant violation of the U.S.-EU Air Transport …
JetBlue files complaint in US against Schipol flight curbs Read More »
DUESSELDORF (Reuters) – A German court on Thursday suspended a patent trial against BioNTech over the use of mRNA technology in the COVID-19 vaccine developed by the German company together with its U.S. partner Pfizer. The Duesseldorf regional court said it needed further clarification and suspended the case, brought by BioNTech competitor CureVac, pending decisions …
German court suspends mRNA patent trial against BioNTech Read More »
LONDON (Reuters) -A $1 billion metals deal by blank-cheque fund ACG Acquisition Co has been terminated following delays when the different sides, which included a leading global miner and top automakers as anchor investors, tried to revise it, ACG said on Thursday. ACG, a London-listed special purpose acquisition company (SPAC), planned to buy a nickel …
$1 billion metals SPAC deal backed by Glencore, automakers collapses Read More »
