FRANKFURT (Reuters) – The European Central Bank has raised the amount of bonds it can lend against cash to 250 billion euros to ease a market squeeze that tends to get worse towards the year of the year, ECB board member Isabel Schnabel said on Thursday. With the ECB sitting on trillions of euros of …
ECB to lend out more of its bonds to ease market squeeze Read More »
By Caroline Pailliez and Yiming Woo PARIS (Reuters) -Commuters and visiting tourists faced serious disruptions on Thursday as metro workers in Paris went on strike, with a third of lines completely closed and most others working only at peak hours. “It’s very complicated, there’s no transport,” said commuter Claude Miamo, a receptionist. She had waited …
Paris commuters face travel chaos Thursday as metro workers strike Read More »
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla Inc shares slid to their lowest level in nearly two years on Wednesday after Chief Executive Elon Musk disclosed he sold another $3.95 billion worth of shares in the electric-vehicle maker. Shares ended down 7.2% at $177.59, the lowest level since Nov. 23, 2020. Musk’s latest share sale …
Tesla stock hits 2-year low after Musk sells $4 billion worth of shares Read More »
By Andrea Shalal WASHINGTON (Reuters) -Ukrainian economy minister Yulia Svyrydenko said Russia’s destruction of civilian infrastructure in recent weeks was expected to result in a 39% contraction of gross domestic product in 2022, down from an earlier forecast of a 35% drop. Svyrydenko, in Washington to meet with senior U.S. officials, told reporters on …
Ukraine minister: GDP contraction of 39% expected in 2022 vs earlier forecast of 35% Read More »
By David Shepardson WASHINGTON (Reuters) – A U.S. judge on Wednesday granted final approval to a class-action settlement worth at least $80 million to resolve claims Volkswagen AG and its Porsche AG unit skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States. The settlement, first reported by Reuters in June, …
Judge approves $80 million Porsche U.S. vehicle settlement Read More »
(Reuters) – The U.S. State Department has approved a potential sale of M142 High Mobility Artillery Rocket System (HIMARS) and related equipment to Lithuania for an estimated $495 million, the Pentagon said on Wednesday. The principal contractor was listed as Lockheed Martin Corp. (Reporting by Costas Pitas; Writing by Dan Whitcomb; Editing by Katharine Jackson)
By James Davey and Sarah Young LONDON (Reuters) -British consumers are trying to navigate the hit to their finances by spreading out the cost of Christmas, buying gifts early so they do not face a squeeze in December, clothing and food retailer Marks & Spencer said on Wednesday. Other retailers, including supermarket group Sainsbury’s and …
Christmas shopping begins early as Britons face cash crunch Read More »
By Sinchita Mitra (Reuters) -PCF Group is pulling out of Britain’s banking market and plans to cancel its share listing on AIM, after it failed to raise capital or secure strategic options to strengthen its consumer and corporate lending business, the lender said. Shares in PCF fell by around 62% to 0.4 pence in early …
Lender PCF to withdraw from UK market after rescue fails Read More »
By Aby Jose Koilparambil (Reuters) -UK housebuilder Taylor Wimpey on Wednesday said it would build fewer homes this year than originally planned, citing a recent drop in its sales rate and a rise in cancellations due to a worsening cost-of-living crisis. The company joined bigger rival Persimmon in flagging increasing stress in the housing market. …
Taylor Wimpey scales back home building plans due to cost-of-living crisis Read More »
MADRID/LONDON (Reuters) – Spain’s Iberdrola plans to invest 47 billion euros ($47 billion) in its electricity networks, renewable energy production and customer businesses in 2023-2025 with profits expected to rise, it said on Wednesday. Iberdrola is pushing to remain one of the global renewable power leaders at a time when utilities are facing a challenging …
Spain’s Iberdrola to invest $47 billion in energy transition in 2023-25 Read More »
