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MOSCOW (Reuters) – The Russian rouble steadied on Monday near multi-year peaks, supported by capital controls, and may continue firming later this month due to month-end tax payments. At 0758 GMT, the rouble eased 0.2% to 56.52 against the dollar and shed 0.5% to 59.18 against the euro, still hovering near its strongest level in …

Russian rouble near multi-year peaks as tax payments loom Read More »

COPENHAGEN (Reuters) – Jyske Bank has agreed to buy the Danish operations of Sweden’s Handelsbanken for an undisclosed sum, it said on Monday, sending shares in the Danish lender up more than 11%. Handelsbanken, one of Sweden’s oldest banks and a major mortgage lender, said in October last year it would exit Denmark and Finland …

Jyske Bank agrees to buy Handelsbanken’s Danish ops; shares rise Read More »

VIENNA (Reuters) – Austria’s government agreed with utility Verbund on Sunday to convert a reserve, gas-fired power plant so that it can produce electricity with coal should restricted gas supplies from Russia result in an energy emergency. The decision, taken by a “small crisis cabinet” led by Chancellor Karl Nehammer, came after neighbouring Germany announced …

Austria revives coal-fired power option as Russia cuts gas supply Read More »

ROME (Reuters) -Russia’s Gazprom has said it will only partially meet a request by Italy’s Eni for gas supplies on Monday, Italy’s state-owned energy exchange (GME) said, signalling a sixth consecutive daily shortfall. Eni is monitoring the issue and will communicate any available update, GME added. The Italian company said that over the weekend it …

Italy’s Eni faces a sixth daily shortfall of Russian gas supplies Read More »

By Christoph Steitz and Andreas Rinke FRANKFURT (Reuters) – Germany on Sunday announced its latest steps to boost gas storage levels to prepare for the next winter season, when it fears Russia, which has cut deliveries in recent days, could reduce or even completely halt supplies. Following Russia’s invasion of Ukraine, Germany, which relies on …

Germany announces steps to boost gas storage as Russia cuts supply Read More »

By Kanishka Singh WASHINGTON (Reuters) -Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to fall to the central bank’s 2% target, adding that it will be “moving down” gradually from the current level. A surge in inflation, which is at its highest level in 40 years, has made …

Inflation will not fall to 2% target for two years, Fed’s Mester says Read More »

ZURICH (Reuters) – Credit Suisse on Sunday rejected a claim by Russian businessman Vitaly Malkin for 500 million francs ($515.62 million) he linked to a former client adviser at the bank who was convicted of fraud. The SonntagsZeitung reported that Malkin was pursuing the bank for the money following the conviction of Patrice Lescaudron. A …

Credit Suisse rejects $515 million claim linked to fraudulent adviser Read More »