By Angelo Amante and John Irish SCHLOSS ELMAU, Germany (Reuters) – The Group of Seven club of wealthy nations on Monday vowed to stand with Ukraine “for as long as it takes”, promising to tighten the squeeze on Russia’s finances with new sanctions that include a proposal to cap the price of Russian oil. The …
G7 to stand with Ukraine ‘for as long as it takes’ Read More »
By Boleslaw Lasocki (Reuters) -UK’s FTSE 100 ended at a more than one-week high on Monday, as an easing of COVID restrictions in China and the prospect of global infrastructure funding brought relief to commodity prices, lifting shares of major oil and mining companies. The commodity-heavy FTSE 100 rose 0.7% and hit its highest closing …
Commodity stocks drive FTSE 100 to more than one-week high Read More »
MILAN (Reuters) -Leonardo Del Vecchio, the chairman of spectacles maker EssilorLuxottica and one of Italy’s wealthiest business figures, has died aged 87, his company said on Monday. “EssilorLuxottica sadly announces today that its chairman has passed away,” the group said in a statement, adding that the the board would meet to “determine the next steps”. …
EssilorLuxottica Chairman Leonardo Del Vecchio dies at 87 Read More »
LONDON (Reuters) – Britain could implement unilateral changes to the post-Brexit trade rules governing Northern Ireland this year, Prime Minister Boris Johnson said on Monday, before the legislation returns to parliament for its next stage later in the day. Asked if the changes could be implemented this year, Johnson told broadcasters: “Yes, I think we …
Boris Johnson: UK could implement N.Ireland trade changes this year Read More »
PRAGUE (Reuters) – Incoming Czech central bank Governor Ales Michl said on Monday he wants a strong crown currency based on long-term cash flows and investor interest, reiterating his stance days before he is due to take the helm at the bank. Michl takes office in July amid a year-long tightening cycle that has seen …
Next Czech central bank chief wants strong crown based on fundamentals Read More »
By Kate Abnett LUXEMBOURG (Reuters) -European Union ministers began talks on Monday to approve new laws to fight climate change, but diplomatic sources said economic pressures could prompt efforts to water down some of the EU’s most ambitious proposals. EU energy ministers will also discuss options to collectively reduce demand for natural gas as the …
EU ministers seek deals on climate laws as economy woes test green pledges Read More »
By Devik Jain (Reuters) -European shares hit a two-week high on Monday, boosted by miners as an easing of COVID-19 restrictions in China lifted global commodities and assuaged inflation fears, while Prosus shares rallied on the Dutch company’s plans to trim its Tencent stake. The continent-wide STOXX 600 index gained 1.1%, mirroring a sharp rebound …
Prosus, miners lift European shares to two-week high Read More »
By Juliette Portala (Reuters) – Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC Luxembourg showed on Monday. Flows into ESG funds have surged in recent years, driven in part by a …
European fund managers set to go all in on ESG – survey Read More »
By Promit Mukherjee, Toby Sterling and Josh Ye JOHANNESBURG/AMSTERDAM (Reuters) – Dutch technology investor Prosus NV on Monday announced it will gradually sell down its massive stake in Tencent, reversing a pledge to retain the holding for a couple of years and knocking shares in the Chinese tech giant. Prosus will use proceeds to repurchase …
Tencent stock falls as Prosus/Naspers to sell shares to fund buybacks Read More »
By Joice Alves LONDON (Reuters) – Sterling strengthened against the dollar on Monday as global risk sentiment improved, lifting European equities. Risk sensitive sterling has shown a strong correlation with the equity market, which rose on Monday as an easing of COVID-19 restrictions in China boosted commodity prices. [.EU] The pan-European STOXX 600 index was …
Sterling rises against dollar as stock market rallies Read More »
