LONDON (Reuters) – The number of company insolvencies in England and Wales hit its highest level in the April-June period in nearly 13 years as surging energy prices took their toll on business, data showed on Friday. Insolvencies fell in 2020, when the government rushed to help businesses survive the coronavirus pandemic, but they have …
England and Wales company insolvencies hit highest since 2009 Read More »
FRANKFURT (Reuters) – Surging consumer demand across the euro zone is playing an increasing role in excessive inflation, a European Central Bank study showed on Friday, suggesting that – as some policymakers have feared – price pressures are becoming more entrenched. Inflation, running at a record high of 10%, was initially driven by surging energy …
Euro zone demand surge playing increasing role in excessive inflation: ECB Read More »
By Tim Hepher PARIS (Reuters) – More than 13 years after an Air France jet plunged into the Atlantic, killing all 228 people on board, the French carrier and planemaker Airbus go on trial in a Paris court next week with relatives seeking “light at the end of a long tunnel”. Flight 447 vanished in …
Air France and Airbus on trial 13 years after Atlantic jet disaster Read More »
By John Revill ZURICH (Reuters) – Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled Swiss bank said on Friday, making a show of strength as it seeks to reassure investors after a tumultuous week. The move trims the bank’s debts and is an attempt to bolster …
Credit Suisse pays down debt to calm investor fears Read More »
LONDON (Reuters) – Britain launched its first oil and gas exploration licensing round since 2019 on Friday to try and boost domestic hydrocarbon output as Europe weans itself off Russian fuel. The British North Sea, home to the global Brent benchmark grade, is an aging basin where oil and gas production has fallen from a …
Britain launches oil, gas licensing round to boost domestic supply Read More »
(Reuters) – Sterling was slightly higher on Friday but still within striking distance of this week’s low against the dollar while concerns about the budget plan kept weighing on UK assets. Analysts expect the pound to be rangebound ahead of a crucial jobs report later in the day as investors looked for clues on how …
Sterling close to this week’s low versus dollar ahead of U.S. data Read More »
WARSAW (Reuters) – Europe must take action on energy costs immediately before winter sets in, the Polish prime minister said on Thursday, as he called on European leaders to implement changes to the carbon emissions system and a maximum gas price. “A hard winter is coming for all European countries and for Poles as well, …
Europe must act now to curb energy costs, says Polish PM Read More »
By Pratima Desai and Clara Denina LONDON (Reuters) -The London Metal Exchange (LME) on Thursday launched a discussion paper on the possibility of banning Russian aluminium, nickel and copper from being traded and stored in its system. Western countries have imposed sanctions on Russian banks and wealthy individuals connected to President Vladimir Putin since Russia’s …
LME seeks market opinion on possible Russian metal ban Read More »
BRUSSELS (Reuters) – The European Commission said on Thursday it had opened an in-depth investigation into the proposed acquisition of Polish recycler Alumetal by Norwegian metals maker Norsk Hydro. The Commission said the 1.07 billion zloty ($214.6 million) deal announced in April could reduce competition in the production and supply of aluminium foundry alloys and …
EU opens in-depth study of Norsk Hydro takeover of Polish recycler Alumetal Read More »
By Saeed Azhar NEW YORK (Reuters) – Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below the key 13% level, Moody’s lead analyst on the bank told Reuters. Credit Suisse has reported 1.9 billion francs ($1.92 billion) of losses in the …
Moody’s says Credit Suisse could suffer $3 billion loss in 2022 Read More »
