BRUSSELS (Reuters) – France will join other European countries such as Spain and the Netherlands in pulling out of the Energy Charter Treaty which protected investments in the energy sector, said President Emmanuel Macron on Friday. “We have decided to pull out of the Energy Charter Treaty,” said Macron at the end of a European …
By Huw Jones and Simon Jessop LONDON (Reuters) – Planned new global corporate sustainability disclosures will include the full range of carbon emissions, but with ‘relief provisions’ on measuring greenhouse gas discharges from a company’s suppliers. The International Sustainability Standards Board (ISSB) said it has made “significant progress” in refining its draft standards, that were …
Global climate disclosures to cover full gamut of carbon emissions Read More »
By Huw Jones LONDON (Reuters) – A curb on “dark” or off-exchange trading of shares in the European Union should be completely removed to compete better with Britain, EU documents seen by Reuters showed on Friday. The documents set out the latest compromises among EU states on reforming the bloc’s “MiFID” securities law to catch …
EU proposes matching UK move to boost ‘dark’ share trading, documents show Read More »
By Sruthi Shankar and Johann M Cherian (Reuters) – UK’s main equity indexes ended the week higher on Friday, supported by commodity stocks as hopes of smaller central bank rate hikes out of the world’s largest economy offset woes on domestic political uncertainty. The blue-chip FTSE 100 index rose 0.4%, while the midcap FTSE 250 …
FTSE 100 ends higher on boost from commodity stocks Read More »
MADRID (Reuters) – The underwater gas pipeline between Barcelona and Marseille that was agreed between Spain, France and Portugal on Thursday is an alternative to a link between Spain and Italy that was once considered, Spanish Energy Minister Teresa Ribera said on Friday. The pipeline, dubbed BarMar, will connect the two ports that both have …
Spanish minister says Barcelona-Marseille pipeline is substitute for Italy link Read More »
By Philip Blenkinsop, Marine Strauss and Charlotte Van Campenhout BRUSSELS (Reuters) -European Union leaders will discuss reducing their economic dependency on China, aiding Kyiv and punishing Iran for its involvement in the war that Russia is waging on Ukraine, when they meet for a second day of talks in Brussels on Friday. The previous day, …
EU heads to focus on China, Iran after agreeing to disagree on gas cap Read More »
By Amruta Khandekar (Reuters) -European shares dropped on Friday as concerns grew that major global central banks would retain their aggressive stance on inflation, with investors also fretting about higher borrowing costs potentially squeezing profits of consumer goods makers. A slew of recent inflation reports and data indicating a strong U.S. labour market have dealt …
European shares drop as inflation, slowdown fears grip markets Read More »
ATHENS (Reuters) -Greece’s current account surplus shrank in August compared to the same month last year as imports rose to almost match exports while revenue from tourism surged, the Bank of Greece said on Friday. Central bank data showed the current account surplus fell to 449 million euros ($439.35 million) from 1.402 billion euros in …
Greek August current account surplus shrinks despite jump in tourism revenue Read More »
PRAGUE (Reuters) -Czech politicians should avoid rattling markets the way Britain has recently, as the country discusses plans for a windfall tax, the Prague Stock Exchange’s chief said on Friday, after comments from ruling party members this week whiplashed stocks. The Czech government has been discussing imposing a windfall tax on excessive profits in the …
Prague bourse warns govt about rattling markets the way UK did Read More »
LONDON (Reuters) -Britain’s Financial Conduct Authority (FCA) said it would fine Barclays 50 million pounds ($55 million) for its failure to disclose fees paid to Qatari entities during its financial crisis-era fundraising. The fine dates back to the height of the 2008-9 crisis, when Barclays scrambled to raise funds from overseas investors including Qatar in …
UK watchdog fines Barclays $55 million for fees paid in 2008 fundraising Read More »
