SINGAPORE (Reuters) – Global bank stock and bond prices attempted to steady on Tuesday as regulators sought to convince investors that the hit embattled Swiss lender Credit Suisse bond holders are taking is an isolated event. The turmoil in banks follows Credit Suisse’s rushed rescue merger deal on the weekend with UBS, during which Swiss …
Fraught investors keep pressure on global bank bonds Read More »
BERLIN (Reuters) -Carmaker Mercedes-Benz must pay compensation for unauthorized shutoff devices in diesel cars if the buyer has been damaged, the European Court of Justice (ECJ) ruled on Tuesday. The case was brought to a court in Ravensburg, Germany by the purchaser of a used Mercedes whose exhaust gas recirculation system operated within a temperature …
EU court rules Mercedes must pay damages in diesel lawsuit Read More »
BRUSSELS (Reuters) – France’s European affairs minister rejected on Tuesday opposition by Germany to a law that would require new cars sold in the EU from 2035 to have zero CO2 emissions, with the minister saying an earlier agreement should be upheld. After months of negotiations, the European Parliament, the EU Commission and European Union …
France rejects German push to change rules on car emissions Read More »
By Jesús Aguado MADRID (Reuters) – Spanish banks are resilient in the face of market tensions and have “strong capital and liquidity positions”, Bank of Spain Governor Pablo Hernandez de Cos said in an interview released on Tuesday, as officials sought to underpin confidence in the financial sector. “Due to the retail-oriented commercial banking business …
Spanish banks are resilient to market tensions, Bank of Spain Governor says Read More »
(Reuters) -Britain’s largest investment trust, Scottish Mortgage Investment Trust (SMT), named a new chair on Tuesday, seeking to draw a line under a board dispute following an almost halving in its share price last year. SMT, one of asset manager Baillie Gifford’s flagship trusts and an investor in big U.S. tech stocks such as Tesla, …
Scottish Mortgage Investment Trust names new chair in boardroom shake-up Read More »
MILAN (Reuters) – Italy’s state-controlled defence and aerospace group Leonardo said on Tuesday it had won orders for nearly 40 helicopters for a total value of around 470 million euros ($504.45 million), strengthening its position in the global commercial helicopter market. Leonardo sold the aircraft to several operators in the Middle East, Asia, the Americas …
Leonardo sells 40 commercial helicopters for around $504 million Read More »
(Reuters) – British power plant generator Drax said on Tuesday it will pause its planned multi-million pound investment in bioenergy with carbon capture and storage (BECCS) in the UK until it gets more clarity over government support. Whilst Drax welcomed the UK government’s recent budget support for carbon capture and storage (CCS), it said it …
Britain’s Drax pauses biomass carbon capture plans, urges clarity on government support Read More »
By Andy Bruce and Sachin Ravikumar LONDON (Reuters) -Britain recorded the largest budget deficit for any February since at least 1993 when monthly records started, swelled by government spending on energy bill support programmes, official data showed on Tuesday. The Office for National Statistics said public sector net borrowing, excluding state-owned banks, was 16.68 billion …
Energy bill support pushes UK budget deficit to February record Read More »
By Kate Abnett BRUSSELS (Reuters) – France is planning a renewed push for recognition of nuclear-derived fuels in European Union renewable energy targets, setting up a potential clash between countries seeking to approve the goals this month. Negotiators from EU countries and the European Parliament are preparing for March 29 final negotiations to agree more …
France steps up push for nuclear-based fuels in EU renewables law Read More »
MADRID (Reuters) – U.S.-based buyout fund KKR has agreed to sell a 50% stake in Spanish renewable energy company X-elio to Canadian asset manager Brookfield, the two funds said on Tuesday. Brookfield already owns the other half of X-elio. The funds said without disclosing transaction details. KKR first invested in X-elio in 2015 and Brookfield …
KKR sells 50% stake in Spain’s X-elio to partner Brookfield Read More »
