ZURICH (Reuters) – The Swiss National Bank’s (SNB) balance sheet shrank by nearly 8% in September, data showed on Monday, as plunging valuations on its stock and bond investments and the high value of the Swiss franc reduced the value of its foreign investments. The 55.4 billion Swiss franc ($55.4 billion) decline in the value …
Swiss National Bank’s balance sheet shrinks nearly 8% in Sept, data shows Read More »
BERLIN (Reuters) – Far fewer German businesses feel their survival is at risk now than at the height of the COVID-19 pandemic, a survey by economic institute Ifo showed on Monday. The survey of some 7,000 businesses, conducted from Oct. 4 to 24, showed 7.5% felt their economic survival is threatened. “At the height of …
Fewer German companies feel threatened than during pandemic – Ifo Read More »
MILAN (Reuters) – Italian spirits group Campari said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer. “By adding the fast-growing super premium Wilderness Trail brand we further expand and premiumise our bourbon offering, priming it to become Campari Group’s …
Italy’s Campari to buy initial 70% of Wilderness Trail Distillery for $420 million Read More »
(Reuters) – European shares edged lower on Monday, led by declines in energy stocks and miners, while investors awaited key inflation reading in the euro zone which will likely show prices hitting new record highs in October. The STOXX 600 index slipped 0.1% after closing higher on Friday, with the energy index down 1.2% and …
European shares inch down ahead of inflation data Read More »
BERLIN (Reuters) – German trade union IG Metal Kueste said it has called on several thousand workers to strike on Tuesday at 15 sites, including Airbus in Hamburg. The warning strikes are to last up to four hours, the union said on Monday. (Writing by Rachel More; Editing by Paul Carrel)
LONDON (Reuters) – Britain’s energy price cap for consumers and government-funded discounts on bills for businesses will push official measures of inflation lower, the country’s statistics office said on Monday. The Office for National Statistics said the Energy Price Guarantee (EPG) for households, and the Energy Bill Relief Scheme for businesses, would lower the unit …
UK energy price caps will help to reduce inflation, ONS rules Read More »
By Pavel Polityuk and Michelle Nichols KYIV/NEW YORK (Reuters) – U.N. Secretary General Antonio Guterres voiced deep concern on Sunday over Russia’s decision to suspend its participation in a U.N.-brokered deal that had allowed grain shipments from Ukraine, as he delayed a foreign visit to try to revive the agreement that was intended to ease …
U.N. chief delays travel to try to bring Russia back into grain deal Read More »
(Reuters) – The Royal Mail’s largest labour union, the Communications Workers Union (CWU), has withdrawn its planned strike action in Britain in the next two weeks, the company said on Sunday. The company and the union have talks planned through the Advisory, Conciliation and Arbitration Service (Acas) on Monday. The union last month called for …
Royal Mail workers’ union withdraws November strike plan in UK Read More »
BERLIN (Reuters) -Kidney dialysis provider Fresenius Medical Care (FMC) on Sunday revised down its forecast for 2022, expecting net income to decline this year, dragged down by rising labour costs and a slower than expected recovery in North America business. The company now expects net income to decline in the high-teens to mid-20s percentage range …
Fresenius Medical cuts outlook on slower recovery, rising costs Read More »
By Gus Trompiz PARIS (Reuters) – Wheat futures are expected to leap on Monday as Russia’s withdrawal from a Black Sea corridor agreement puts Ukrainian exports at risk, analysts said. Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet …
Grain market braces for price leap as Black Sea corridor halted Read More »
