PARIS (Reuters) – Cold weather could lead to power cuts in France on Monday as delays to the restart of nuclear power following repair work leave supply lagging demand, analysts said. Nuclear power supply had been expected to reach around 40 gigawatts (GW) this week, but operator EDF’s delay in restarting reactors meant it rose …
Cold weather could cause French power cuts next week Read More »
BERLIN (Reuters) -Germany and Poland have signed a deal aimed at securing the supply of oil to the Schwedt refinery after ending reliance on Russian oil, Germany’s economy ministry said on Thursday. Berlin aims to eliminate imports of oil from Russia by the end of the year under European Union sanctions and has for months …
Germany, Poland aim to secure oil supply to Schwedt refinery Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) – UK’s FTSE 100 index slipped on Thursday to snap a two-day rally as energy and financial stocks fell and a stronger pound weighed on the back of a weaker dollar after signs the U.S. Federal Reserve will temper its pace of interest rate hikes. The FTSE …
UK’s FTSE 100 snaps two-day rally as energy, financial stocks weigh Read More »
ZURICH (Reuters) – Switzerland has frozen financial assets amounting to 7.5 billion Swiss francs ($7.94 billion) as of Nov. 25 under sanctions against Russians to punish Moscow’s invasion of Ukraine, the State Secretariat for Economic Affairs (SECO) said on Thursday. SECO, the agency overseeing sanctions, added that 15 properties in six cantons are also “blocked”. …
Swiss have frozen $8 billion in financial assets under Russia sanctions Read More »
FRANKFURT (Reuters) – Euro zone banks have not yet fully faced up to the reality of an economic downturn, so finance industry supervisors will need to force them to be more conservative in managing capital, ECB supervisory chief Andrea Enria said on Thursday. The euro zone is almost certain to fall into a recession over …
Euro zone banks not facing up to reality of downturn, ECB says Read More »
LONDON (Reuters) – The downturn in manufacturing activity across the euro zone eased in November, according to a survey which suggests while the bloc’s factories still face a harsh winter it may not be as bad as initially feared. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) rose to 47.1 from October’s 46.4, but was …
Euro zone factory downturn eased in November, inflationary pressures moderated Read More »
By Carolina Mandl NEW YORK (Reuters) -Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ …
Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’ Read More »
ZURICH (Reuters) – Continued client outflows at Credit Suisse could spark speculation of a takeover of the embattled Swiss bank and may lead to the partial sale of its domestic unit, analysts at JPMorgan said on Thursday. Credit Suisse has reported steep outflows as wealthy clients move assets elsewhere, while the bank battles to recover …
Credit Suisse’s fund outflows may spark M&A talk – JPMorgan Read More »
(Reuters) – European shares scaled over three-month highs on Thursday, cheered by U.S. Federal Reserve Chair Jerome Powell signalling smaller interest rate hikes ahead, and China softening its tone on strict COVID-19 rules. The pan-European STOXX 600 index rose 0.9% by 0810 GMT, after rising 6.8% in November, its best month since July. Technology and …
European shares jump on Powell’s speech, China relief Read More »
By Mathis Richtmann BERLIN (Reuters) – For 25 years, Theo Jost served the German Christmas dish of goose in his restaurant near the Black Forest. The birds were fresh, reared by farmers in northern Germany. But this year he took the dish off the menu because rising costs all along the supply chain would have …
Germans spending less as soaring power, food costs gnaw finances Read More »
