By Stefano Rebaudo (Reuters) – Euro zone government bond yields edged higher on Monday, with gilts out of the spotlight, as inflation concerns kept providing some upward pressure on forecasts for monetary tightening. Gilt yields fell, with the 2-year yield down 14 basis points (bps) to 4.14% and the 10-year down 8 bps to 8%., …
Euro zone yields rise on inflation angst, gilt pressure fades Read More »
ATHENS (Reuters) – Greek manufacturing activity shrank slightly in September after falls in production and new orders as higher selling prices dampened customer spending and demand, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about 10% of the Greek economy, rose to 49.7 in September from 48.8 …
Greek September factory activity declines, output, new orders fall – PMI Read More »
ATHENS (Reuters) – Greece’s economy is expected to grow by 2.1% in 2023 from 5.3% this year, according to a report by the country’s fiscal council which was published on Monday. The government is expected to submit its 2023 draft budget later in the day. The fiscal council, which assesses the macroeconomic forecasts upon which …
Greek economy to grow by 2.1% in 2023 from 5.3% this year – fiscal council report Read More »
By Hyunjoo Jin and Mrinmay Dey -Tesla Inc on Sunday announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries. The top electric car maker said “it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost,” but some analysts were also concerned about demand …
Tesla’s logistical challenges overshadow record deliveries Read More »
BIRMINGHAM, England (Reuters) – British Prime Minister Liz Truss said on Sunday her cabinet of top ministers was not informed in advance that the government planned to abolish the top rate of tax, adding it was a decision taken by finance minister Kwasi Kwarteng. The government sparked turmoil in financial markets last month after Kwarteng …
UK cabinet was not informed of plans to scrap top rate of tax, Truss says Read More »
(Reuters) – Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday. A spokesman for Credit Suisse declined to comment on the report when contacted by Reuters. Executives made the calls after spreads Credit Suisse credit default swaps (CDS), which offer …
Credit Suisse executives reassure investors after CDS spike, Financial Times reports Read More »
By Elizabeth Piper and Andrew MacAskill BIRMINGHAM, England (Reuters) – British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to “lay the ground” for an economic plan that saw the pound fall to record lows and government borrowing costs soar. On the …
Liz Truss tries to reassure public on economic plan as Conservatives gather Read More »
By Carolyn Cohn, Tommy Wilkes and Carolina Mandl LONDON/NEW YORK (Reuters) – Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated. Wild gyrations in financial markets in response to a government “mini-budget” on Sept. 23 …
Analysis-Under water: how the Bank of England threw markets a lifeline Read More »
By Christoph Steitz and Thomas Escritt FRANKFURT (Reuters) -Germany’s largest power producer RWE has agreed to buy Con Edison’s Clean Energy Businesses for $6.8 billion, nearly doubling RWE’s renewables portfolio in the United States, the world’s second-biggest renewables market. The purchase will be partly funded by RWE issuing a $2.43 billion convertible bond to a …
Germany’s RWE buys Con Edison clean energy in $6.8 billion U.S. shift Read More »
LONDON (Reuters) – British Prime Minister Liz Truss said on Sunday she would allow more firms to define themselves as small businesses so they can avoid reporting requirements and other regulations in the future, part of her measures to spur economic growth. Truss, in power for under a month, has pressed on with her economic …
UK’s Truss changes rules to cut red tape for more small firms Read More »
