By Shreyashi Sanyal (Reuters) -European shares fell on Tuesday as cautious forecast from HSBC weighed down the benchmark STOXX 600 index, while an upbeat performance in Engie helped assuage some losses after the French energy company posted a higher annual profit. The continent-wide STOXX 600 index dipped 0.2% in the first hour of trading. HSBC …
European shares fall as HSBC weighs but Engie limits losses Read More »
BERLIN (Reuters) – German business activity returned to growth for the first time in eight months in February thanks to easing supply bottlenecks and improved underlying demand, a preliminary survey showed on Tuesday. S&P Global’s flash composite Purchasing Managers’ Index (PMI) rose to 51.1 in February from 49.9 in January, beating analysts’ expectations of a …
German business activity back to growth after eight months -flash PMI Read More »
By Huw Jones LONDON (Reuters) -The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a “very good sense” of the changes would emerge well before December. Changing the rules, known as Solvency II, has become …
Post-Brexit insurance reform clear before December, says BoE’s Woods Read More »
(Reuters) -Ukraine is hoping to clinch a multi-year support programme of at least $15 billion, Prime Minister Denys Shmyhal said on Monday after meeting the head of the International Monetary Fund. IMF Director General Kristalina Georgieva arrived in Kyiv on the same day the city also hosted U.S. President Joe Biden, who offered support to …
Ukraine eyes $15 billion programme after meeting IMF’s Georgieva Read More »
By Sam Tobin LONDON (Reuters) -Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise users’ personal data. However, a London tribunal gave the proposed claimants’ lawyers up to six months to “have another go” …
$3.7 billion UK mass action against Facebook over market dominance rejected – for now Read More »
HAMBURG (Reuters) – A German court on Monday ruled in favour of an environmental NGO’s lawsuit against the federal motor authority for releasing cars with software on exhaust gas recirculation it argues is illegal, in a judgement which could lead to a wave of recalls. The NGO, Deutsche Umwelthilfe, is calling for Volkswagen Golf vehicles …
ZURICH (Reuters) – The Swiss National Bank is “still willing” to be active on the foreign currency markets in pursuing its goal of price stability, Vice Chairman Martin Schlegel said on Monday. “If the Swiss franc depreciates we are ready to sell foreign exchange, if the Swiss franc appreciates strongly we are willing to buy …
Swiss National Bank still willing to be active on forex markets -vice chairman Read More »
MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo has told staff they can sign up to test from March 1 the app for the new digital lender it is setting up with British fintech Thought Machine, an internal document showed. Intesa last year unveiled plans to invest 5 billion euros ($5.3 billion) in technology under …
Intesa staff to test new digital business from March Read More »
MOSCOW (Reuters) – Russian banks’ profits totalled 258 billion roubles ($3.38 billion) in January, 1.5 times higher than in the same month of 2022, Russia’s central bank said on Monday. Alexander Danilov, director of the central bank’s banking regulation and analytics department, said last month Russian banks’ profits could exceed 1 trillion roubles in 2023. …
Russian banks’ profits reached 258 billion roubles in Jan – central bank Read More »
By Susanna Twidale LONDON (Reuters) – The benchmark European carbon contract hit a record high approaching 100 euros a tonne on Monday, with cooler weather forecasts and expectations of lower wind power output driving up demand. The benchmark EU Allowance (EUA) December 2023 contract closed at 98.30 euros a tonne, up 2.1% since Friday’s close …
EU carbon price hits record high nearing 100 euros/tonne Read More »
