By Jan Strupczewski BRUSSELS (Reuters) – Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil. European Union …
Hungary will not agree to EU gas price cap, will need exemption Read More »
BERLIN (Reuters) – German producer prices rose more than expected in September, maintaining the previous month’s record pace as energy prices soared, according to data released on Thursday. Producer prices of industrial products rose 45.8% on the same month last year, the Federal Statistical Office reported, compared with economists’ expectations for the rate of increase …
German producer prices rise more than expected in September Read More »
FRANKFURT (Reuters) – The euro zone’s current account deficit widened in August as soaring energy costs pushed up the bloc’s import bill, data from the European Central Bank showed on Thursday. The currency bloc of 19 countries, which ran a current account surplus for years before Russia’s war in Ukraine, recorded an adjusted deficit of …
Euro zone’s current account deficit widens on soaring energy bill Read More »
By John Chalmers and Marine Strauss BRUSSELS (Reuters) -Prime ministers of Italy and Belgium were among those to air frustration on Thursday with Germany’s refusal to cap gas prices as the 27 European Union leaders met for a second summit in two weeks to try mitigate the bloc’s acute energy crunch. The EU is grappling …
Energy crunch pits Germany against frustrated EU leaders seeking gas cap Read More »
By Federica Mileo and Diana Mandia (Reuters) -French voucher and benefit cards provider Edenred on Thursday hiked its 2022 core profit target for a second time this year, as companies continue to improve employee benefits in response to rising costs. The stock was up 2.2% at 0900 GMT, among the best performers of France’s SBF …
Voucher group Edenred hikes guidance boosted by inflation, shares rise Read More »
BERLIN (Reuters) – The German gas importer Uniper may need up to 40 billion euros ($39 billion) in additional government support, the Handelsblatt newspaper said on Thursday. Germany nationalised Uniper in September amid an escalating energy crisis after Russia cut gas flows to Europe. Uniper declined to comment on the report. ($1 = 1.0222 euros) …
Germany’s Uniper may need additional 40 billion euros in government aid – Handelsblatt Read More »
By Foo Yun Chee LUXEMBOURG (Reuters) -A ruling by Europe’s second-highest court that annulled an antitrust veto of CK Hutchison Holdings Ltd’s bid for O2 UK should be dismissed and the case should be re-heard again, an adviser to Europe’s top court said. Hutchison, owned by billionaire Li Ka-shing, in 2020 successfully challenged the European …
LONDON (Reuters) -The Bank of England is poised to respond to changes in Britain’s tax and spending policies under Prime Minister Liz Truss but it remains to be seen if interest rates go up as much as investors have been expecting, Deputy Governor Ben Broadbent said. “The MPC is likely to respond relatively promptly to …
Bank of England to respond to new UK fiscal plan – Broadbent Read More »
LONDON (Reuters) – Investors reined in further their bets of a full percentage-point interest rate increase by the Bank of England next month, after a top official said it remained to be seen whether rates rise as sharply as the market has been expecting. Overnight index swaps put a 15% chance on a 100 basis-point …
Investors rein in BoE rate hike bets on Broadbent comments Read More »
By Amruta Khandekar (Reuters) -European shares fell for a second straight session on Thursday, as investors fretted about persistent inflation while downbeat earnings from BE Semiconductor and Nokia added to the economic downturn jitters. Finnish telecom equipment maker Nokia and rival Ericsson reported weaker-than-expected earnings, bruised by ongoing patent battles which pressured margins and offset …
European shares slip on inflation jitters, mixed earnings Read More »
