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WARSAW (Reuters) – Conditions will not be right for cutting interest rates in Poland until the end of 2025, central banker Ludwik Kotecki said on Thursday, as market participants speculated on when the cost of credit in emerging Europe’s largest economy could start to fall. According to the National Bank of Poland’s latest forecasts, inflation …

No conditions for Polish rate cuts until end of 2025, says c.banker Kotecki Read More »

By Paul Sandle LONDON (Reuters) – Deliveroo, the British meal delivery company that saw demand boom during the pandemic, said it would make up to 50 million pounds ($60 million) in core earnings this year as it focuses on profitability in a tougher consumer environment. The 10-year old company for the second half of 2022 …

Deliveroo forecasts earnings growth after positive end to 2022 Read More »

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -European Central Bank policymakers are meeting on Thursday amid exceptional turmoil in financial markets that could force it to ditch plans for another hefty interest rate hike as fears of a fresh financial crisis crowd out inflation worries. Having raised interest rates since July at its fastest …

ECB rate hike plans clouded by banking turmoil Read More »

(Reuters) – Convenience store operator Alimentation Couche-Tard is in exclusive talks to buy some of French energy company TotalEnergies retail assets for 3.1 billion euros ($3.29 billion) in cash, the Canadian company said on Thursday. The proposed deal would comprise all of the stores at TotalEnergies’ service stations in Germany and the Netherlands as well …

Canada’s Couche-Tard in talks on $3.3 billion TotalEnergies stores deal Read More »

(Reuters) -Digital payments processor Stripe said on Wednesday it was valued at $50 billion in its latest funding round, much less than the $95 billion valuation in its previous fundraising. Venture capital giants Andreessen Horowitz, Peter Thiel’s Founders Fund, General Catalyst and others backed the round, which raked in $6.5 billion in proceeds for Stripe. …

Fintech Stripe valued at $50 billion in latest funding round Read More »

MOSCOW (Reuters) -The Nasdaq stock exchange has informed Russian Internet giant Yandex and e-commerce firm Ozon that their stocks will be delisted, the companies said on Wednesday, more than a year after trading in their securities was suspended. Nasdaq suspended trading in the securities of a number of companies operating in Russia days after Moscow …

Nasdaq tells Yandex, other Russian firms of plan to delist stocks Read More »

By Noele Illien, John Revill and Tom Sims ZURICH/FRANKFURT (Reuters) -Switzerland’s central bank pledged on Wednesday to fund Credit Suisse with liquidity “if necessary,” a first for a global bank since the financial crisis more than a decade ago. In a joint statement with supervisor FINMA, they announced the radical step, but insisted that Credit …

Swiss central bank pledges to back Credit Suisse Read More »

By Natalie Grover LONDON (Reuters) – Britain’s budget has offered a shot in the arm to research-intensive biotech and life-sciences sector, company executives said on Wednesday, as the government seeks to put the industry in the global vanguard. Finance minister Jeremy Hunt said if 40% or more of expenditure of small and medium-sized enterprises (SMEs) …

New tax credit scheme a lifeline for British biotech, say execs Read More »

LONDON (Reuters) – The European Central Bank is more likely to raise interest rates by a modest 25 basis points when it meets on Thursday rather than by 50 bps or make no rate hike, Barclays said on Wednesday. “At the current juncture, we think that the (ECB) Governing Council is more likely to announce …

Barclays: ECB more likely to hike rates by 25 bps rather than 50 bps or no hike Read More »

By Emma-Victoria Farr and Lucy Raitano FRANKFURT (Reuters) -Siemens Energy announced on Wednesday a capital increase via a private share placement to help refinance its 4 billion euro ($4.2 billion) takeover of wind power subsidiary Siemens Gamesa. The deal aims to raise 1.3 billion euros, according to a message from one of the banks running …

Siemens Energy announces capital increase to help refinance Gamesa deal Read More »