BERLIN (Reuters) – Investor morale in the euro zone sank more than expected in July, hitting a low not seen since Europe’s energy crisis last November, as the currency union remains in recession mode with no indications things will improve, a survey showed on Monday. Sentix’s index for the euro zone tumbled to -22.5 points …
Eurozone investor mood tumbles more than expected in July Read More »
By Sarah Young LONDON (Reuters) -Thames Water said its investors had agreed to inject 750 million pounds ($960 million) into the company, helping to stave off the threat of nationalisation, but Britain’s biggest water utility warned it would need further investment in the years ahead. Weighed down by 14 billion pounds of debt and under …
Thames Water pulled back from the brink after investors pump in $960 million Read More »
PARIS (Reuters) – Czech billionaire Daniel Kretinsky and his partners are prepared to hire former Metro and Lactalis executive Philippe Palazzi as the new boss of French supermarket chain Casino, should their refinancing offer for the debt-laden company succeed, Les Echos reported on Sunday. Kretinsky could not immediately be reached for comment outside working hours. …
VIENNA (Reuters) – Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so by Swiss regulator FINMA, Blick newspaper reported on Sunday. With Switzerland’s second-largest bank on the edge of collapse, UBS agreed to buy Credit Suisse for a knockdown price of three …
Saudi National Bank was denied taking 40% Credit Suisse stake -report Read More »
By Leigh Thomas and Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – An unusually long lag in the time interest rate hikes are taking to feed through to the economy has left corporate leaders guessing whether to prepare for a hard or soft landing. Although central banks in the United States and Europe have raised interest rates …
Business leaders left in limbo by rate hike impact lag Read More »
By Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – French mining group Eramet is in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, Chief Executive Officer Christel Bories said. The race for lithium, a key raw material used to make batteries for electric vehicles, is …
Eramet in talks with European carmakers over Argentina lithium plan – CEO Read More »
PARIS (Reuters) – French Finance Minister Bruno Le Maire on Sunday said he was “very hopeful” Tesla Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe. Musk recently met French government officials, including President Emmanuel Macron, as he explores options for future production sites. …
France upbeat on attracting major Tesla investment – Le Maire Read More »
AIX-EN-PROVENCE, France (Reuters) – France’s central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank’s (ECB) 2% inflation target. Villeroy, who sits on the ECB’s governing council, also said that its interest rate hikes were close to topping out and that …
French central bank head warns against raising ECB inflation target Read More »
LONDON (Reuters) – British finance minister Jeremy Hunt will spell out on Monday long-awaited plans to encourage pension funds and other asset managers to invest in high-growth sectors, the Treasury said on Sunday. In Monday’s speech at the City of London’s Mansion House, Hunt will explain how the reforms could increase returns for pensioners and …
UK’s Hunt to detail plans to steer pensions into growth investment Read More »
By Anirudh Saligrama (Reuters) -Nearly 900 Amazon workers at a warehouse in Britain will stage a strike for three days in the coming week over a pay dispute, labour union GMB said on Saturday. The strike will take place from July 11-13 at Amazon’s warehouse in Coventry, for two hours during the morning and two …
Amazon workers at UK warehouse to strike during Prime Day event Read More »
