AMSTERDAM (Reuters) -The Dutch government is set to impose a price cap on energy contracts from Jan 1., 2023 to shield consumers from surging prices, Dutch broadcaster NOS reported on Monday. Energy prices would be capped at their level in January 2022 for the average amount of gas and electricity used by households, NOS said, …
Dutch government to impose price cap on energy – NOS Read More »
By Shreyashi Sanyal and Susan Mathew (Reuters) -European shares ditched almost all session losses in a volatile session on Monday, as investors brace for a week that could see a large interest rate hike by the Federal Reserve and a host of other central bank meetings. The pan-European STOXX 600 index, which traded lower for …
European shares flat with all eyes on central bank moves Read More »
SOFIA (Reuters) – Bulgaria posted a current account surplus of 803.7 million euros ($801.6 million), equal to 1.0% of economic output in the first seven months, compared to a surplus of 0.4% in the same period a year ago as income from services and production increase, the central bank said on Monday. In July alone, …
Bulgaria’s current account posts 1.0%/GDP surplus through July Read More »
(Reuters) -German buyers on Monday briefly reserved capacity to receive Russian gas via the Nord Stream 1 pipeline for the first time since the line was shut down three weeks ago, German data showed, but this was later revised and no gas has been flowing. It was not immediately clear why buyers had submitted requests …
European gas buyers show brief interest in shuttered Nord Stream gas Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Companies based in Europe could be forced to prioritise production of key products and stockpile goods under draft EU rules announced on Monday that would give the European Commission emergency powers to tackle supply crises. The proposed Single Market Emergency Instrument comes in response to supply bottlenecks caused …
EU proposes emergency powers to avert supply crisis Read More »
FRANKFURT (Reuters) – The European Central Bank will tilt its purchases of corporate bonds towards companies that emit less carbon, giving each firm a score based on their past performance, future goals and climate disclosures. Hoping to play a part in the fight against climate change, the ECB unveiled a host of measures from bank …
ECB to punish heavier polluters via skewed bond buys Read More »
HELSINKI (Reuters) -Finland’s finance ministry on Monday cut its economic growth forecast for 2023 and said the country was at risk of a recession. The ministry now predicts gross domestic product (GDP) to grow by 1.7% in 2022 and by 0.5% next year when in June it had expected the growth to be 1.4% in …
Finland cuts 2023 GDP growth forecast, eyes recession risk Read More »
By Byron Kaye and Sameer Manekar (Reuters) -Canadian legal software maker Dye & Durham (D&D) cut a fifth from an already-agreed buyout price for Australian rival Link Administration Holdings due to regulatory concerns, putting the long-running deal talks into doubt. A month after the target company’s shareholders backed an already-lowered A$2.47 billion ($1.66 billion) cash …
Canada’s D&D cuts buyout offer for Australia’s Link under regulator probe Read More »
By Jan Schwartz HAMBURG (Reuters) -Volkswagen will price preferred shares in the planned flotation of Porsche AG at 76.50 euros to 82.50 euros ($76.61 to $82.62) per share, the carmaker said on Sunday, for proceeds of 8.7 billion to 9.4 billion euros. The price range, which translates into a valuation of 70-75 billion euros, would …
Volkswagen targets 70-75 billion euro valuation in planned Porsche IPO Read More »
By William James and Stuart McDill LONDON (Reuters) – A line of four blue camping chairs mark the spot Wendy Bingley will spend more than 24 hours chatting to passersby, eating sandwiches and, around midday on Monday, watching Queen Elizabeth’s funeral procession pass by. Bingley, her daughter and 79 year-old mother, will be joined by …
Royal fans camp out to get front row seats for the queen’s funeral Read More »
