MOSCOW (Reuters) – Three offshore lines of the Nord Stream gas pipeline system on the bed of the Baltic Sea sustained “unprecedented” damage in one day, Nord Stream AG, the operator of the network, said on Tuesday. The bulletin was published after Sweden’s Maritime Authority issued a warning about two leaks in the Nord Stream …
Nord Stream operator says three offshore gas pipelines damaged in one day Read More »
MADRID (Reuters) – Shares of beleaguered construction and engineering firm Duro Felguera soared on Tuesday after it said it had found potential industrial partners to inject cash into the company. Without naming the potential partners, Duro Felguera said in a statement that the group’s management foresaw the entry of new shareholders with a capital increase …
Spain’s Duro Felguera’s shares soar as it finds partners to inject cash Read More »
FRANKFURT (Reuters) – Euro zone companies extended their borrowing binge in August, taking on bank loans at the fastest pace since 2008 despite rising interest rates, European Central Bank data showed on Tuesday. Bank lending to companies rose by 8.7% in August from 7.6% in July, while lending to households grew at a steady 4.5%, …
Euro zone companies’ borrowing binge accelerated in Aug – ECB Read More »
PRAGUE (Reuters) – The Czech government approved the 2023 central state budget draft with a deficit of 295 billion crowns ($11.5 billion), above a previously debated target of 270 billion crowns, Finance Minister Zbynek Stanjura said on Monday. The rise includes higher spending on social support in light of Europe’s energy crisis, including caps on …
Czech government slightly raises 2023 deficit target to $11.5 billion Read More »
(Reuters) – Britain’s Arm Ltd said on Monday it has appointed Jason Child as its new chief financial officer (CFO). Child, who stepped down as the CFO of Splunk Inc on the same day, will join the company on Nov. 2 this year, the chip designer said. Child will succeed Inder Singh, who will remain …
By Thomas Escritt and Stine Jacobsen BERLIN/COPENHAGEN (Reuters) -Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea. The German government said it was in contact with …
Gas from Russia’s Nord Stream 2 pipeline leaks into Baltic Sea Read More »
ZURICH (Reuters) -The Swiss National Bank will do “everything” to reduce inflation, governing board member Andrea Maechler said on Monday, saying last week’s rate hike was intended to signal the central bank’s determination to fight price increases in Switzerland. “We have tightened monetary policy and raised interest rates to send a clear signal that we …
Swiss National Bank’s Maechler determined to bring down inflation Read More »
(Reuters) – Siemens Digital Industries Software, a unit of Siemens AG, on Monday said it launched new software called Tessent Multi-die that automates a design process for testing chips made with advanced packaging. While chips have traditionally been packaged with one silicon tile inside, as the industry faces challenges making features on these tiles smaller and …
Siemens automates design process for testing new chips with advanced packaging Read More »
By Tommy Wilkes and Dhara Ranasinghe LONDON (Reuters) – Sterling’s slide to record lows leaves it staring at parity with the dollar. Whether or not it hits the symbolic level, investors say Britain’s new government has dealt such a blow to the UK’s standing with markets that rebuilding confidence could take more than emergency interest …
Analysis-Pummelled pound faces long road back as investor confidence shredded Read More »
By Sabrina Valle HOUSTON (Reuters) -BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as Hurricane Ian bore down on the top U.S. offshore production region. The storm was in the Caribbean and forecast to become a major hurricane within two days. It …
BP, Chevron cut offshore oil production ahead of Hurricane Ian Read More »
