JOHANNESBURG (Reuters) – South African mobile operator MTN Group has reduced its debt further through early settlement of $300 million in euro bonds with a 2024 maturity date, it said on Monday, as part of efforts to deleverage non-rand debt faster. “This brings MTN’s dollar-denominated debt down to 35% of total holding company debt on …
MTN cuts debt with early settlement of $300 million in euro bonds Read More »
BERLIN (Reuters) – Investor morale in the euro zone slumped in September to its lowest since May 2020 as the spectre of a rough recession for the 19-country currency bloc seems all but unavoidable, a survey showed Monday. Sentix’s index for the euro zone tumbled to -31.8 points in September from -25.2 in August, below …
Gloominess pervades euro zone investor morale, expectations – Sentix Read More »
(Reuters) – A Russian court on Monday stripped newspaper Novaya Gazeta of its media license, effectively banning the publication from operating inside Russia. In a case filed by Russia’s media watchdog Rozkomnadzor, Novaya Gazeta was accused of not providing documents related to a change of ownership in 2006. (Reporting by Reuters; editing by Guy Faulconbridge)
LONDON (Reuters) – Britain’s economy ended August on a much weaker footing than previously thought as overall business activity contracted for the first time since February 2021 in a clear signal of recession, a survey showed on Monday. Data company S&P Global revised down its composite Purchasing Managers’ Index (PMI), which covers the services and …
UK economy slides into contraction in August, PMI suggests Read More »
By Shreyashi Sanyal (Reuters) -European shares tumbled on Monday after Russia extended a halt on gas flows on a major pipeline to Europe, sparking worries about surging energy prices and winter shortages in the region. The Europe-wide STOXX 600 index fell 1.7% in the first hour of trading, while Germany’s DAX index sank 3.1%, eying …
European shares slide as Nord Stream shutdown extends Read More »
By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) -European gas prices rocketed as much as 30% higher on Monday after Russia said one of its main gas supply pipelines to Europe would stay shut indefinitely, stoking renewed fears about shortages and gas rationing in the European Union this winter. The benchmark gas price surged as …
EU gas price rockets higher after Russia halts Nord Stream flows Read More »
By Kate Abnett BRUSSELS (Reuters) -European Union countries’ energy ministers will discuss options to rein in soaring energy prices including gas price caps and emergency credit lines for energy market participants, a document seen by Reuters showed. EU ministers will meet on Sept. 9 to discuss urgent bloc-wide measures to respond to a surge in …
EU energy ministers to discuss gas price cap, emergency liquidity help – document Read More »
By Supantha Mukherjee and Essi Lehto STOCKHOLM/HELSINKI (Reuters) -Finland and Sweden on Sunday announced plans to offer billions of dollars in liquidity guarantees to power companies in their countries after Russia’s Gazprom shut the Nord Stream 1 gas pipeline, deepening Europe’s energy crisis. Finland is aiming to offer 10 billion euros ($9.95 billion) and Sweden …
Sweden, Finland step in to avert Lehman-like situation for power companies Read More »
By Thomas Escritt BERLIN (Reuters) -Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely. The measures, agreed after 22 hours of talks between the three coalition parties, included …
Scholz promises 65 billion euros to shield Germans through tough winter Read More »
By Vera Eckert and Kate Abnett FRANKFURT/BRUSSELS (Reuters) -The European Union is preparing an emergency plan to separate power prices from the soaring cost of gas – as well as longer-term reforms aimed at ensuring electricity prices reflect cheaper renewable energy. Energy ministers from EU countries will meet on Sept. 9 to discuss how to …
