By Alun John LONDON (Reuters) – Sterling slid against the dollar on Monday after the greenback was boosted by strong U.S. labour market data from Friday reinforcing bets the Federal Reserve will keep raising rates aggressively. The Bank of England was also in focus as, at the end of this week, it is due to …
Sterling slides against strong dollar, traders watching Bank of England Read More »
BERLIN (Reuters) – Germany’s expert commission, charged with drawing up plans to ease the impact of high gas prices on consumers, proposed a two-stage model on Monday including a one-off payment in December followed by a brake on gas and heating prices. The brake would reduce the gas price to 12 cents per kilowatt hour …
German gas commission proposes two-stage plan to ease price pain Read More »
SARAJEVO (Reuters) – The government of North Macedonia has agreed a 350 million euro ($339.47 million) package to offset the economic impacts of an energy crisis during the winter by helping companies maintain liquidity and vulnerable groups to keep basic life standards. “We have adopted a new set of measures to deal with the energy …
North Macedonian government agrees $340 million winter support package Read More »
ATHENS (Reuters) – Greek industrial output rose 3.9% in August compared to the same month a year earlier after a downwardly revised 6.5% increase in July, data from statistics service ELSTAT showed on Monday. A breakdown of index components showed manufacturing production rose 4.3% from the same month in 2021. Electricity production increased 5.3% with …
Greek industrial output rises 3.9% y/y in August Read More »
PARIS (Reuters) – The offer made by TotalEnergies to engage in wage talks this month only if the strikes staged by the CGT union at some of its production sites come to an end, is a form of “blackmail”, the union said on Monday. The workers currently on strike must “retain the possibility to continue …
CGT union rejects TotalEnergies’ offer to start wage talks only if strikes end Read More »
BUDAPEST (Reuters) – Hungary posted a 181 billion forint ($411.09 million) budget surplus in September, the Finance Ministry said on Monday, adding that Prime Minister Viktor Orban’s government has lifted the 2022 deficit target to 6.1% of economic output. The September surplus trimmed the shortfall for the first nine months to 2.692 trillion forints, the …
Hungary posts Sept budget surplus, govt raises 2022 deficit goal -ministry Read More »
By Huw Jones, Susanna Twidale and Simon Jessop LONDON (Reuters) – The London Stock Exchange has become the first major bourse to set listing rules for companies that finance carbon reduction projects, as part of efforts to grow the market and make it more transparent, its chief executive told Reuters. Demand for carbon offsets, generated …
London Stock Exchange sets listing rules for carbon cutters Read More »
By Iain Withers, Sinead Cruise and Lawrence White LONDON (Reuters) – While British households head into a winter of soaring energy costs, a tumbling currency and nearly double-digit inflation, the country’s banks are in line for a handsome payday as mortgage prices spike after a decade of stagnation. Banks are finding the home loan market …
Analysis-British banks’ mortgage payday comes with sting in the tail Read More »
PARIS (Reuters) – Clients in France are coming back to EDF and the French state-controlled power group should end the year with a higher share of the market, said EDF’s customer services executive director Marc Benayoun on Monday. Earlier this month, France started the process to fully nationalise debt-laden nuclear power group EDF, seeking to …
Director at French power group EDF: clients are coming back to EDF in France Read More »
AMSTERDAM (Reuters) – Markets seem to be underestimating the risk that inflation will be higher than models currently predict, European Central Bank (ECB) governing council member Klaas Knot said on Monday. Knot said there is a significant chance inflation in 2024 will be higher than the 2.3% the ECB has guided for, but that markets …
Markets underestimate risk that inflation will be higher than models predict -ECB’s Knot Read More »
