Reuters UK Business

By Virginia Furness and Francesco Canepa LONDON (Reuters) -The European Central Bank could radically cut the carbon footprint of its corporate bond portfolio by selling just 50 billion euros ($54.30 billion) of polluting companies’ debt, research shows, but analysts say this would risk big market distortions. The ECB’s green ambitions are in the spotlight after …

ECB can cut carbon footprint by shedding bonds of biggest polluters Read More »

By Scott Murdoch and Jamie Freed SYDNEY (Reuters) -Bain Capital said on Monday it is looking to relist airline Virgin Australia, in a move that would come as the domestic aviation market bounces back strongly from pandemic lows. A listing of Australia’s second-biggest carrier would likely be one of the country’s largest initial public offerings …

Bain Capital explores Virgin Australia IPO as aviation market improves Read More »

(Reuters) – Germany’s attractiveness as an investment location has fallen four places to 18th of 21 in a ranking of industrial economies by economic research institute ZEW, newspaper Augsburger Allgemeine reported on Monday. Rising energy costs and ongoing labour shortages have compounded existing problems of high taxes, complex bureaucracy and slow pace of innovation, the …

Germany falls to bottom rung of investment ranking on energy costs, labour shortage Read More »

By Maha El Dahan DAVOS, Switzerland (Reuters) – Climate activists protested in Davos on Sunday against the role of big oil firms at this week’s World Economic Forum (WEF), saying they were hijacking the climate debate. Major energy firms including BP, Chevron and Saudi Aramco are among the 1,500 business leaders gathering for the annual …

Davos 2023: Climate activists protest over big oil hijacking debate Read More »

(Reuters) – Bitcoin rose 5.58% to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 27.6% from the year’s low of $16,496 on Jan 1. Ether, the coin linked to the ethereum blockchain network, surged 7% to $1,552.6 on Saturday, adding $101.6 to …

Bitcoin rises 5.6% to $21,044 Read More »

(Reuters) – Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers this year, the Financial Times reported on Saturday, citing people with knowledge of the moves. (Reporting by Juby Babu in Bengaluru; Editing by Mark Heinrich)

ZURICH (Reuters) – UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a interview published on Saturday. The former Morgan Stanley president said he was focused on organic growth rather than acquisitions and expanding its business in the United States as he ruled out any move …

UBS has no desire to buy Credit Suisse, chairman tells newspaper Read More »

(Reuters) -Bitcoin rose on Saturday above $20,000 for first time in over two months. Bitcoin, the world’s biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close. The cryptocurrency is up 26.4% from the year’s low of $16,496 on January 1. Ether, the coin linked to …

Bitcoin climbs above $20,000 first time in over two months Read More »