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BERLIN (Reuters) – Austrian banking regulator FMA said on Thursday it has ordered system-relevant banks in the country to increase their capital buffers by 0.25 percentage points to 0.5 percentage points, in response to uncertainty triggered by the war in Ukraine. The buffers are to be built up gradually by end-2023, FMA said in a …

Austrian regulator orders system-relevant banks to up capital buffers Read More »

FRANKFURT (Reuters) -European Central Bank policymakers Luis de Guindos and Yannis Stournaras on Thursday joined a chorus of euro zone central bankers supporting more euro zone interest rates increases at the pace of last week’s hike to tame inflation. The ECB raised its key interest rates by 50 basis points seven days ago and President …

Two more ECB policymakers back steady diet of rate hikes Read More »

(Reuters) – More than three quarters of British companies have reported that the trade agreement between the European Union and Britain has made it difficult for them to increase sales and grow their business, a British Chambers of Commerce survey showed. The survey of more than 1,168 businesses, which was published on Wednesday, showed significant …

Brexit deal a ‘nightmare’ for small businesses – survey Read More »

COPENHAGEN (Reuters) – The Swedish economy will enter a deeper, more long-lasting recession next year than previously forecast as soaring energy prices drive up inflation, hitting households and businesses, the country’s finance ministry said on Thursday. Sweden’s gross domestic product is now expected to contract by 0.7% in 2023, compared to a November forecast for …

Sweden faces recession lasting into 2024, finance minister says Read More »

BERLIN (Reuters) – Germany has completed the nationalization of embattled utility Uniper and now owns 99% of shares in the company, a statement by the economy and finance ministries said on Thursday. (Writing by Rachel More, editing by Kirsti Knolle)