By Johann M Cherian and Shristi Achar A (Reuters) -UK’s FTSE 100 closed higher on Monday, lifted by energy and miner stocks on steps taken by China to support its economy following a surge in COVID-19 infections in the Asian country. The export-oriented FTSE 100 climbed 0.4%, while the domestically focussed FTSE 250 gained 0.3%. …
BERLIN (Reuters) -German business morale rose more than expected in December as Europe’s largest economy approached the end of the year with an improved outlook despite the energy crisis and high inflation, a survey said on Monday. The Ifo institute said its business climate index rose to 88.6 from a revised reading of 86.4 in …
German business morale rises more than expected in December – Ifo Read More »
HELSINKI (Reuters) -Finland’s Fortum on Monday said it had signed the final terms of an agreement that will allow the company to sell its shares in troubled utility Uniper to the German government. The German government in late September agreed to take over Fortum’s Uniper subsidiary, effectively nationalising the gas importer to try to cover …
Fortum agrees final terms for Uniper sale to Germany Read More »
By Kate Abnett BRUSSELS (Reuters) -European Union nations’ energy ministers meet in Brussels on Monday in an effort to agree a cap on gas prices, an emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. National leaders last week urged their ministers to approve the cap on …
EU makes final push for gas price cap deal this year Read More »
(Reuters) – Gas giant Uniper’s shareholders will on Monday vote on a planned bailout and nationalisation which has so far cost the German government more than 50 billion euros ($53.15 billion). It was hit by long-term Russian partner Gazprom withholding gas exports after Moscow’s invasion of Ukraine. Uniper had to buy gas at higher prices …
Gas giant Uniper’s rapid road to German nationalisation Read More »
HELSINKI (Reuters) – Finland’s Nokian Tyres on Monday said it had found a subcontractor in China to replace some of the lost output from Nokian’s now divested Russian operation. The move is part of Nokian’s strategy to outsource some tire manufacturing to Asia while the company is ramping up its own production in Europe and …
Nokian Tyres replaces some Russian production with China subcontractor Read More »
MADRID (Reuters) – The European Central Bank will hike interest rates further in the euro zone to combat high inflation, ECB’s Vice-President Luis de Guindos said on Monday. “There will be more interest rate hikes, until when, I don’t know. I am absolutely honest, I don’t know,” De Guindos said, adding that the institution was …
ECB will hike rates further, we do not know when will stop, De Guindos says Read More »
(Reuters) – European shares edged higher on Monday, boosted by energy firms, after a bruising selloff last week sparked by growing fears of a recession as major central banks promised more interest rate hikes ahead. The region-wide STOXX 600 index was up 0.5% at 0805 GMT. The index logged its worst week since September on …
European shares edge higher after brutal selloff last week Read More »
By Canan Sevgili, Jason Hovet and Gergely Szakacs GDANSK, Poland/PRAGUE (Reuters) – With rising interest rates and limited supply putting home ownership out of reach for a growing number of people in emerging Europe, global and local real estate investors are placing bets on the region’s nascent private rented sector. From almost nothing five years …
Analysis-Investors eye a new market in Central Europe: homes for rent Read More »
By John O’Donnell BRUSSELS (Reuters) – European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow for war in Ukraine. EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the …
Analysis-EU unity over Russia sanctions falters as Europe’s economy wilts Read More »
