FRANKFURT (Reuters) – Bank lending to euro zone companies slowed in November, easing back from the sector’s biggest borrowing binge in over a decade as rising interest rates and a looming recession appear to be taking a toll, European Central Bank data showed on Thursday. Lending to businesses in the 19-country euro area expanded by …
Euro zone business lending growth slows sharply in November Read More »
(Reuters) – Spanish retail sales fell 0.6% in November from a year earlier on a seasonally and calendar-adjusted basis, after rising 1.0% in October, the National Statistics Institute (INE) said on Thursday. As shoppers grapple with the rising cost of living exacerbated by the war in Ukraine, food sales in Spain recorded an annual decrease …
BERLIN (Reuters) – German exporters have modest hopes for next year, anticipating problems at major customers in China because of climbing COVID infections and rising prices making U.S. buyers cautious, the Federation of German Wholesale and Foreign Trade (BGA) said. The United States and China are Germany’s most important trading partners. “There will be no …
MOSCOW (Reuters) -The Russian rouble slumped to an eight-month low against the dollar on Thursday, struggling under the weight of expectations that sanctions on Russian oil and gas may limit export revenues. By 0717 GMT, the rouble was 0.9% weaker against the dollar at 72.83, its weakest point since April 27. It lost 0.7% to …
Rouble sinks to 8-month low vs dollar as sanctions fears weigh Read More »
MOSCOW (Reuters) – Domestic demand more than made up for falling export sales to drive growth in Russian manufacturing in December, a survey showed on Thursday, leading to the fastest monthly rise in job creation in the sector in over 21 years. The S&P Global Purchasing Managers’ Index (PMI) eased in December to 53.0 from …
Domestic demand drives growth in Russian factory activity in Dec -PMI Read More »
(Reuters) -Twitter Inc suffered a major outage on Wednesday, leaving tens of thousands of users globally unable to access the popular social media platform or use its key features for several hours before services appeared to come back online. The incident is the social media site’s first apparent widespread service disruption since billionaire Elon Musk …
Twitter back online after global outage hits thousands Read More »
By Sinchita Mitra and Anchal Rana (Reuters) -Crypto miner Argo Blockchain said on Wednesday it will sell its mining facility Helios for $65 million and refinance a new asset-backed loan as it seeks to avoid bankruptcy, sending its London-listed shares soaring. Argo, which earlier this month warned that it might have to file for Chapter …
UK’s Argo Blockchain shares soar on deals to avoid bankruptcy Read More »
ROME (Reuters) – The Italian government plans to allow utilities to go ahead with changes to expiring gas and electricity supply contracts which the antitrust authority had suspended, according to a draft decree seen by Reuters. It will however extend by two months to June 30 a suspension to changes made to non-expiring contracts, the …
Italy to scrap suspension of changes to expiring energy contracts -draft decree Read More »
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and double-digit losses in stocks and bonds alike – though many investors are optimistic that 2023 could bring some relief. Below are the events, trends …
What investors watch out for in emerging markets in 2023 Read More »
By Curtis Williams PORT OF SPAIN (Reuters) – Trinidad and Tobago is preparing to reject four offshore exploration bids by BP Plc and Shell Plc, according to people familiar with the matter, because they failed to meet the government’s minimum requirements. The island nation’s government plans to pursue talks with the two oil and gas …
Trinidad prepared to reject BP, Shell offshore exploration bids -sources Read More »
