PARIS (Reuters) – The U.S. presidential election could trigger a major energy shock if Republicans were to win and decide to halt hydrocarbon exports, Patrick Pouyanné, the chief executive of French oil major TotalEnergies, said on Saturday. “The only thing that could happen, which is a major systemic risk, is that the Republicans decide to …
TotalEnergies boss: 2024 U.S. election could cause energy shock Read More »
ZURICH (Reuters) – The Swiss National Bank remains open to further interest rate hikes despite last month’s dip in inflation, Vice Chairman Martin Schlegel said in an interview published on Saturday. Schlegel repeated the central bank’s mantra that increases from the SNB’s current 1.75% level could not be ruled out when he spoke with Schweiz …
Swiss National Bank’s Schlegel not deterred by recent inflation dip – newspaper Read More »
(Reuters) -Finance Minister Jeremy Hunt in his Mansion House speech on Monday will set out new measures to heighten the appeal of British markets to firms seeking to float in its stock exchanges, UK’s Treasury said in a statement on Friday. Hunt will also seek to roll back a European Union-era securities law, Treasury said. …
By David Carnevali NEW YORK (Reuters) – Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday. Birchenough last served as vice chairman of biopharma investment banking at Wells Fargo. A …
Barclays hires Birchenough as chairman of healthcare investment banking Read More »
(Reuters) – Britain’s Southern Water said on Friday it has suspended dividend at least until 2025 following its credit rating downgrade as water companies in the country struggle to raise fresh funds to tackle mounting debt. Fitch, which had earlier in the day downgraded Southern Water’s senior secured class A rating to ‘BBB’ from ‘BBB+’, …
Britain’s Southern Water suspends dividend amid growing debt pile, rating downgrade Read More »
By Marc Jones LONDON (Reuters) – The central bankers’ central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks on the new wave of digital national currencies under development. Around 130 countries are now exploring central bank digital currencies (CBDC) to keep up with …
Central bankers lay out digital currency cyber threat Read More »
PARIS (Reuters) – Two years after the world’s largest jetliner rolled out of its Toulouse factory for the last time, Airbus is preparing to bring some A380 superjumbos back to their birthplace for wing inspections even as it re-dedicates the plant to smaller jets. A380 production stopped in 2021 and part of the giant Jean-Luc …
Airbus to handle some A380 repairs after wing-spar cracking Read More »
By Nell Mackenzie, Amanda Cooper and Michal Aleksandrowicz LONDON (Reuters) – SES Imagotag’s shares rose by more than 40% on Friday following a new report from critic Gotham City Research that analysts said failed to provide new information on the French smart label maker’s finances. Trading in the stock was halted briefly after shooting up …
SES Imagotag surges 40%, defying new Gotham City report Read More »
MILAN (Reuters) – UniCredit said on Friday it was ending a non-life insurance venture with UnipolSAI as it strengthened its relationship with Germany’s Allianz, a top shareholder and insurance partner. UniCredit said it would buy the 51% stake the Italian insurer owned in their local joint-venture Incontra, and then sell 50% of Incontra to Allianz, …
Allianz replaces UnipolSAI in UniCredit’s insurance venture Incontra Read More »
By Shreyashi Sanyal (Reuters) -European shares eked out gains on Friday as data pointing to slowing U.S. job growth eased concerns about interest rate hikes by the Federal Reserve but did little to change the main STOXX 600 index’s worst weekly showing in almost four months. The STOXX 600 rose 0.1% by 1615 GMT, turning …
European shares end higher after worst week in nearly four months Read More »
