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By Krisztina Than and Jan Lopatka BUDAPEST/PRAGUE (Reuters) – Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The extent of the disruption was not immediately clear, and came concurrent with an explosion in a …

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe Read More »

ROME (Reuters) – The Italian government will appoint former Treasury official Antonino Turicchi as chairman of ITA Airways, two sources close to the matter said. Turicchi, who also sat on the board of state-controlled bank Monte dei Paschi di Siena, is currently the CEO of FINTECNA, a financial holding company controlled by state lender Cassa …

Italy to name former Treasury official to head ITA Airways, sources say Read More »

(Reuters) – Shares of Russian blue chips including Gazprom, Rosneft, Sberbank, Polyus and Nornickel were down by down 2-3.8% in late trade in Moscow. Two people were killed in an explosion in Przewodow, a village in eastern Poland near the border with Ukraine, firefighters said on Tuesday. Russian defense ministry said no strikes near Ukrainian-Polish …

Russian blue chips tank after people killed in Poland near Ukraine border Read More »

LONDON (Reuters) – The European Union’s banking, securities and insurance watchdogs launched a joint public consultation on Tuesday to help them better understand ‘greenwashing’ as billions of euros flow into investments that tout their sustainability credentials. Greenwashing refers to companies or products exaggerating their sustainability claims to attract investors and the bloc is already rolling …

EU financial watchdog launch fact-finding dive into ‘greenwashing’ Read More »

BRUSSELS (Reuters) – U.S. chipmaker Broadcom is seeking European Union antitrust approval for its $61 billion bid for cloud computing company VMware, Broadcom said on Tuesday in a statement. “We are confident that this deal does not present any competition issues and look forward to working with the European Commission throughout this process”, the company …

Broadcom seeks EU antitrust approval for $61 billion VMware buy Read More »

By Julia Payne, Pratima Desai and Peter Hobson LONDON (Reuters) – Hedge funds have stepped up financing of trade in commodities such as oil, gas, cocoa and copper as banks hit the limit of what they can risk due to extreme market volatility and higher interest rates making them less competitive. Commodity trade finance covers …

Analysis-Investors expand footprint in commodity trade finance as banks retreat Read More »

(Reuters) – Ukraine is maintaining control over its power grid despite enduring the “most serious” situation in the country’s history with dozens of Russian missile strikes, the head of the national power utility said on Tuesday. “The situation is serious, the most serious in our history, but we are maintaining control of the system,” Volodymyr …

Ukraine maintains control of power grid -utility head Read More »

(Reuters) – The euro regained some lost ground after falling sharply against the U.S. dollar on Tuesday following reports that Russian missiles had hit Poland and killed two people. The euro was last up 0.06% at $1.0331 after falling as much as 0.44%. The euro had earlier risen as much as 1.5% against the greenback …

Euro loses ground after reports Russian missile hit Poland Read More »

By John Revill ZURICH (Reuters) -The Swiss National Bank gave another strong hint on Tuesday that it will raise interest rates again when its chairman Thomas Jordan said that current monetary policy was too loose to tackle inflation in Switzerland. The SNB has hiked rates twice this year, to 0.5%, after holding its policy rate …

Swiss National Bank Chairman hints again at future rate hikes Read More »