By Sruthi Shankar (Reuters) -UK’s main stock indexes fell on Tuesday, as global sentiment worsened amid fears of higher interest rates and geopolitical risks, with investors focussing on fresh measures by the Bank of England to limit the rout in government bonds. The central bank, trying to stem a collapse in Britain’s 2.1 trillion pound …
UK stocks extend losses, BoE measures eyed to stem bond rout Read More »
GDANSK (Reuters) – Polish miner KGHM supervisory board dismissed its chief executive, Marcin Chludzinski, and its deputy chief executive for foreign assets, Jerzy Paluchniak, the company said on Tuesday. It did not give reason for the dismissals. (Reporting by Karol Badohal, Editing by Louise Heavens)
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Tuesday the government’s priority was to restart EDF’s nuclear reactors – with more than half of them currently offline – as soon as possible. During a press conference at the headquarters of grid operator RTE, Le Maire also said the goal was still to …
France’s Le Maire : Priority is to restart nuclear reactors a soon as possible Read More »
BEIRUT (Reuters) – Lebanese caretaker energy minister Walid Fayyad said that French gas giant TotalEnergies will begin the process of exploring for gas in Lebanese waters as soon as a maritime border deal with Israel is concluded. Fayyad made the comments after meeting a senior TotalEnergies delegation in Beirut. (Reporting by Timour Azhari; Editing by …
TotalEnergies set to explore in Lebanese waters, says energy minister Read More »
MOSCOW (Reuters) – A spokesperson for Russian energy giant Gazprom said on Monday that a mine destroyer discovered at the Nord Stream 1 offshore gas pipeline in 2015 belonged to NATO. Nord Stream reported on that date in 2015 that a “munitions object” had been cleared by the Swedish armed forces, without giving more detail …
Gazprom: NATO mine destroyer was found at Nord Stream 1 in 2015 Read More »
By Andy Bruce, William Schomberg and David Milliken LONDON (Reuters) – British finance minister Kwasi Kwarteng, who last month sparked a bond market rout with unfunded tax cuts, sought to reassure investors on Monday by bringing forward a budget announcement and naming a Treasury insider to run the department. But a selloff of British government …
Kwarteng tries to calm investors but UK bonds sell off again Read More »
By Elvira Pollina MILAN (Reuters) -Italian state lender CDP and its partners have asked for more time to clinch a deal to buy Telecom Italia’s (TIM) network assets, TIM said on Monday, further delaying a project to create a unified broadband champion. CDP’s multi-billion bid is part of a long-held plan to combine TIM’s fixed …
Italy’s CDP and partners ask TIM for more time for network deal Read More »
By Huw Jones LONDON (Reuters) – The European Union’s securities watchdog has asked Britain about recent extreme moves in UK government bond yields and is monitoring for “spillovers” into the bloc, its chair Verena Ross said on Monday. UK finance minister Kwasi Kwarteng last month triggered a bond market rout with plans for unfunded tax …
EU watchdog trying to understand UK bond market moves Read More »
MILAN (Reuters) -Italy’s telecoms lobby has called on the European Union to consider ways to help the industry cope with rising energy costs as well as to shield their networks from any planned power cuts, a document seen by Reuters showed. The energy crisis comes on top of other business concerns for telecoms operators in …
Italy’s telecoms lobby urges EU to help lower energy bills, avoid power cuts Read More »
By Ludwig Burger FRANKFURT (Reuters) -German utility EnBW said a settlement between its VNG subsidiary and gas supplier Sefe, formerly known as Gazprom Germania, over insufficient gas supplies from Russia meant that the burden on full-year earnings was much less than feared. The negative earnings impact for 2022 will likely be below 1.3 billion euros …
Germany’s EnBW says Sefe settlement cuts negative impact on profit Read More »
