By Susan Mathew (Reuters) – European shares fell on Monday, gripped by investor concerns over energy supply crunch, while fresh COVID-19 cases in China and the discovery of a new coronavirus variant dented commodity-linked stocks. Nord Stream I, the biggest single pipeline carrying Russian gas to Germany, starts annual maintenance on Monday. Flows are expected …
Energy supply crunch, COVID woes weigh on European stocks Read More »
LONDON (Reuters) – The British pound held near a two-year low on Monday as traders held their breath before a leadership contest kicks off to determine the successor of Boris Johnson as Britain’s next Prime Minister. Johnson’s resignation deepens the uncertainty hanging over Britain’s economy, already under strain from an inflation rate heading for double …
Pound eyes 2-year lows as race for next British Prime Minister heats up Read More »
(Reuters) – A key market gauge of long-term euro zone inflation expectations fell below 2% on Monday as recession fears boosted expectations that inflation might be peaking soon. Concerns about a possible recession coupled with a view among investors that aggressive monetary tightening will help tame inflation in the longer term, have pushed down market …
Key market gauge of long-term euro zone inflation expectations falls below 2% Read More »
(Reuters) – Danske Bank on Sunday reduced its full-year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions. Danske revised net profit to 10 billion to 12 billion Danish crowns ($1.64 billion) from the previous guidance of 13-15 billion crowns. “… we revise our net profit guidance for the year …
Danske cuts profit outlook due to challenging financial market conditions Read More »
PARIS (Reuters) – International investors will announce 6.7 billion euros ($6.82 billion) of investment in France at the fifth edition of President Emmanuel Macron’s Choose France summit to be held in Versailles on Monday, his office said. The 14 investment projects from companies such as FedEx, Akzonobel and Raytheon Technologies, will create 4,000 jobs in …
Global CEOs to announce 6.7 billion euros of investment at Macron’s Versailles summit Read More »
By Steve Scherer and Tom Käckenhoff OTTAWA/FRANKFURT (Reuters) -Canada will return a repaired turbine to Germany that is needed for the Nord Stream 1 gas pipeline and could help to ensure continued flows of energy until Europe can end its dependency on Russian gas, Canada’s minister of natural resources said. Ukraine’s energy and foreign ministries …
Canada to return repaired Nord Stream 1 turbine, expand sanctions on Russia Read More »
By Leigh Thomas and Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – France’s business elite is grappling to live with a new more hostile political order a month after far-right and hard-left parties robbed President Emmanuel Macron’s government of its control of parliament. The country’s corporate leaders, who were gathered for an annual business conference in southern …
“We’re not the devil”: France Inc. grapples with new political order Read More »
By Matthias Inverardi and Markus Wacket BERLIN (Reuters) -A dispute between Germany and Finland over the cost of rescuing gas importer Uniper flared on Saturday as its Finnish main shareholder rejected a call from a senior German minister for further help in bailing out the ailing company. Uniper, Germany’s biggest importer and storer of gas, …
Germany and Finland at odds over Uniper rescue as gas supplies dwindle Read More »
MOSCOW (Reuters) – Russia’s dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion rouble ($16 million) issue with three-month maturity. The Bank of Russia has long voiced scepticism over cryptocurrencies, but is more open to other digital …
Russia’s Sberbank executes first digital asset issue on its platform Read More »
By Sheila Dang and Katie Paul (Reuters) – Twitter Inc employees expressed disbelief and exhaustion on Friday after billionaire entrepreneur Elon Musk said he was terminating a deal to buy the social media company in what could be the start of months of legal wrangling. Musk said Twitter breached multiple provisions of a $44 billion …
Twitter workers brace for more ‘circus’ after Elon Musk torpedoes deal Read More »
