By Ron Bousso LONDON (Reuters) – Private equity fund Carlyle Group has agreed to sell its Gabon-focused oil and gas company Assala Energy to French producer Maurel & Prom for $730 million, the companies said on Tuesday. Carlyle International Energy Partners (CIEP), the fund’s non-U.S. energy arm, first invested in Assala in 2017 when it …
Carlyle sells Gabon oil firm to France’s Maurel & Prom for $730 million Read More »
DUESSELDORF (Reuters) – Germany’s RAG Foundation on Tuesday said it was in advanced talks to form a consortium with Czech billionaire Daniel Kretinsky to bid for German utility Steag, which has put itself up for sale. A spokesperson for RAG, commenting in response to a report by Bloomberg, declined to give further details. Steag has …
RAG Foundation may partner with Kretinsky in Steag bid Read More »
By Shashwat Chauhan and Ankika Biswas (Reuters) -UK and Swedish stocks led declines among European peers on Tuesday after data from both countries triggered worries about high interest rates, while China-exposed shares fell as Beijing’s policy support failed to boost investor sentiment. The pan-European STOXX 600 index closed 0.9% lower, touching an over one-month intraday …
Sweden, UK lead European shares lower on rate-hike fears Read More »
By Siddarth S and Khushi Singh (Reuters) -Britain’s FTSE 100 hit a one-month low on Tuesday, dented by a stronger pound following data that showed basic wages grew at a record pace, spurring concerns about persistent inflationary pressures. The exporter-heavy FTSE 100 index declined 1.6%, with shares of dollar earners such as drugmaker AstraZeneca and …
FTSE 100 hits one-month low as record UK wage growth drives pound higher Read More »
LONDON (Reuters) -Nearly half of people with interest-only mortgages may be too optimistic about their ability to pay the outstanding capital, Britain’s Financial Conduct Authority said on Tuesday. Interest-only mortgages are typically favoured by wealthier customers but sharp increases in Bank of England interest rates mean that borrowers face big hikes in monthly interest payments. …
A million interest only mortgages come under UK watchdog scrutiny Read More »
BERLIN (Reuters) – German investor morale improved unexpectedly in August, the ZEW economic research institute said on Tuesday, reporting a rise in its economic sentiment index to -12.3 points from -14.7 points in July. Analysts polled by Reuters had pointed to an August reading of -14.7. “Financial market experts thus anticipate a slight uptick in …
German investor morale brightens unexpectedly in August – ZEW Read More »
MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency move to try and halt the rouble’s recent slide after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the …
Russian central bank jacks up rates to 12% to support battered rouble Read More »
PRAGUE (Reuters) – Open Society Foundations, the charity founded by billionaire George Soros, plans to withdraw or terminate large parts of its work within the European Union as it shifts focus to other parts of the world, according to an internal email seen by Reuters. The decision means the charitable network will move away from …
Soros foundation to limit EU funding in new strategy – internal email Read More »
COPENHAGEN (Reuters) – Danish jewellery maker Pandora on Tuesday raised its full-year revenue outlook as it reported better-than-expected second-quarter sales helped by an improved performance in the U.S. and China. “Given our solid performance so far, our updated guidance now sees another year of positive organic growth,” CEO Alexander Lacik said in a statement. Pandora …
Jewellery maker Pandora raises guidance after Q2 sales beat Read More »
LONDON (Reuters) – Russia’s central bank jacked up its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble’s recent slide after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 …
Instant view: Russia’s central bank hikes rates to 12% at extraordinary meeting Read More »
