By Lawrence White LONDON (Reuters) – Sterling lifted on Tuesday as media reports offered new details on how incoming Prime Minister Liz Truss is planning to tackle Britain’s growing energy crisis. Household bills are due to jump by 80% in October, but a source familiar with the situation has told Reuters that Truss is looking …
Sterling shows signs of life as Truss hints at energy relief Read More »
LONDON (Reuters) – Flows of Russian gas to Europe via Ukraine were stable on Tuesday morning, while the Nord Stream 1 pipeline from Russia to Germany remained shut and eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany continued at low levels. Russian flows of gas via the Nord Stream 1 pipeline, which …
Russian gas flows to EU via Ukraine remain stable, Nord Stream stays shut Read More »
By Vladimir Soldatkin VLADIVOSTOK, Russia (Reuters) -Russia’s biggest natural gas pipeline to Europe will not resume pumping until Siemens Energy repairs faulty equipment, Gazprom’s Deputy Chief Executive Vitaly Markelov told Reuters on Tuesday. Europe is facing its worst gas supply crisis ever, with energy prices soaring and German importers even discussing possible rationing in the …
Exclusive-Gazprom says Nord Stream 1 resumption depends on Siemens Energy Read More »
FRANKFURT (Reuters) – Volkswagen announced its intention to float sportscar maker Porsche on Monday, marking a new phase in a sometimes fraught relationship between the two leading auto brands that goes back decades. 1931 Ferdinand Porsche opens a design office, the first stage of a business that will later become the eponymous sports car maker. …
The long, winding road to Volkswagen’s Porsche IPO Read More »
(Reuters) – Volkswagen AG said on Monday it will pursue an initial public offering of the preferred shares of Porsche AG and will list them in Frankfurt. (Reporting by Shivani Tanna in Bengaluru; Editing by Lisa Shumaker)
NEW YORK (Reuters) – CVS Health Corp on Monday agreed to buy home healthcare services company Signify Health for about $8 billion in cash, a move that will enable one of the largest U.S. healthcare companies to provide further care management to patients in their homes. Healthcare companies like CVS have been expanding beyond managing …
FRANKFURT (Reuters) – Germany’s Siemens Energy will rejoin the nation’s premier DAX stock index, while the meal-kit delivery service HelloFresh will get the boot. The German stock exchange operator Deutsche Boerse, which compiles the index, made the announcement late on Monday. The change takes affect on Sept. 19. Deutsche Boerse periodically reassesses the composition of …
Siemens Energy to rejoin Germany’s blue-chip DAX, HelloFresh to exit Read More »
ZURICH (Reuters) – Credit Suisse will expand in Qatar via a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday. It will create up to 100 jobs there over the next few years across its wealth management, investment banking and asset management divisions and through the launch of …
Credit Suisse expands in Qatar, launches tech hub Read More »
HAMBURG (Reuters) – Volkswagen’s supervisory board is expected to approve a plan to list sportscar maker Porsche in an initial public offering, a person familiar with the matter told Reuters. The board is currently in session and expected to vote in favour of a listing, the person said. Volkswagen declined to comment. (Reporting by Jan …
Volkswagen expected to rubber-stamp Porsche IPO plan – source Read More »
By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) -European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through economies in the region still struggling to recover from the pandemic. European Union governments are pushing through multi-billion euro packages to …
EU races to shield industry as Russia gas stoppage shakes markets Read More »
