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MOSCOW (Reuters) – Russian pipeline gas exports have declined by 11.4% in the first half of May from April’s average level, Reuters calculations showed on Monday, against a background of low spot prices. Average gas supplies to Europe by Kremlin-controlled energy giant Gazprom decreased so far in May to 67 million cubic metres per day …

Russian gas exports to Europe declines by 11% in May 1-15 – Reuters calculations Read More »

By Sruthi Shankar (Reuters) -European stocks rose on Monday as investors assessed uncertainties around U.S. debt ceiling talks and a runoff election in Turkey, while awaiting data this week for clues on the state of the global economy. The pan-European STOXX 600 index climbed 0.2%, with insurance and mining sectors leading gains. While the region’s …

European stocks rise as investors eye politics, economic data Read More »

By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Siemens Energy, which supplies equipment and services to the power sector, posted forecast-beating second-quarter sales and lifted its revenue outlook, as strong demand pushed the firm’s order book past the 100 billion euro ($110 billion) mark. Sales in the January-March quarter were up 24% at 8 billion …

Record orders, strong sales drive strong Q2 for Siemens Energy Read More »

By Jan Strupczewski BRUSSELS (Reuters) – Euro zone economic growth will be faster than previously expected this year and next thanks to faster expansion in Italy and Spain, but inflation will also remain stubbornly high, the European Commission forecast on Monday. In its regular economic forecast for the 20 countries that share the euro, the …

EU exec sees stronger 2023, 2024 euro zone growth, but higher inflation Read More »

FRANKFURT (Reuters) – Rapid European Central Bank rate hikes lowered inflation modestly last year but the biggest impact is expected only in 2024, the ECB said in an Economic Bulletin article on Monday, reaffirming a long-held view that policy works with big lags. The ECB has raised rates by a combined 375 basis points since …

ECB rate hike impact on inflation small so far, but more coming: ECB Bulletin Read More »

By James Davey LONDON (Reuters) -British electricals retailer Currys raised the profit outlook for its 2022-23 year after better-than-expected trading in its home market in its final two months, sending the group’s shares higher. The stock was up 7% in early trading but remains down 33% over the last year, as consumers grappling with a …

Currys raises profit outlook on improved UK trading Read More »

(Reuters) – Germany has placed an order worth 1.087 billion euros ($1.20 billion) for a further 50 Puma infantry fighting vehicles with Rheinmetall and Krauss-Maffei Wegmann (KMW), the Frankfurt-listed German arms maker said on Monday. Rheinmetall said 574 million euros will go to KMW and 501 million euros to Rheinmetall Landsysteme GmbH, both of which …

Germany places billion-euro order for Pumas – Rheinmetall Read More »

PARIS (Reuters) -Billionaire entrepreneur Elon Musk will meet French President Emmanuel Macron and other political leaders on Monday at a business conference close to Paris, the Elysee Palace said, confirming earlier media reports. Musk, the CEO of Tesla who bought social network Twitter in a $44 billion deal last year, will meet Macron at the …

Elon Musk to meet Macron, other leaders at France conference Read More »

STOCKHOLM (Reuters) – Inflation in Sweden slowed faster than expected in April, data from the statistics office showed on Monday, good news for the central bank that has fretted that price pressure could prove sticky and force it to make monetary policy tighter for longer. Consumer prices in Sweden, measured with a fixed interest rate, …

Swedish inflation dips more than expected in April, easing cbank worries Read More »