By Jan Strupczewski BRUSSELS (Reuters) – The euro zone’s bailout fund offered on Thursday to use its lending capacity to host a 250 billion euro reserve to provide loans to governments in case of external shocks, as the war in Ukraine creates a new challenge amid already stretched budgets. The proposal by the European Stability …
Euro zone bailout fund offers to host revolving fund to deal with shocks Read More »
MILAN (Reuters) -Italian infrastructure group Atlantia said on Thursday it had finalised the sale of its controlling stake in Italian motorway unit Autostrade per l’Italia in a deal worth 8.2 billion euros ($8.6 billion). The closing marks the definitive exit of the Benetton-led group from the motorway business in Italy almost four years after the …
Atlantia pockets 8.2 billion euros from sale of Italian motorway assets Read More »
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Thursday he would forgo a pay rise for a third year in a row after he urged people in Britain to show wage restraint in the face of fast-rising inflation. Bailey said he had turned down a 1.5% pay rise in an interview with …
By Sruthi Shankar and Shreyashi Sanyal (Reuters) – European stocks fell for the second straight session on Thursday, with most major sectors handing back earlier gains made after less hawkish comments from the Federal Reserve. The pan-European STOXX 600 index closed 0.7% lower, led by the travel and leisure, banking and insurance sectors. Investors were …
European stocks’ relief rally fades, growth concerns rise Read More »
FRANKFURT (Reuters) – The German government on Thursday committed to chartering two floating storage and regasification units (FSRUs) via utility Uniper and two at the North Sea port of Wilhelmshaven, a future handling hub for liquefied natural gas (LNG). The Economy Ministry last weekend said it wants to build four FSRUs to be sourced from …
Uniper, German government ramp up LNG imports at Wilhelmshaven Read More »
BERLIN (Reuters) – ProSiebenSat.1 Chief Executive Rainer Beuajean underscored how important it is for shareholders to cast a vote for the supervisory board amid tension with its top investor, MediaForEurope (MFE), over the board’s composition. Previously known as Mediaset and controlled by the family of former Italian Prime Minister Silvio Berlusconi, commercial broadcaster MFE said …
ProSieben CEO stresses importance of supervisory board vote Read More »
By Jesús Aguado MADRID (Reuters) -Europe’s top court on Thursday said that shareholders of Banco Popular are not entitled to be compensated for losses suffered following the winding down and rescue of the Spanish lender almost five years ago. The ruling comes after a regional court in Spain had sought clarification from the European Court …
EU court says Banco Popular investors not entitled to compensation Read More »
By William Schomberg LONDON (Reuters) – The Bank of England looks poised to raise interest rates on Thursday for the fourth time since December, the fastest increase in borrowing costs in a quarter of a century as it tries to quell the danger from the leap in inflation. But the BoE must tread carefully to …
Bank of England set for 4th straight rate hike to fight inflation Read More »
MADRID (Reuters) – Spain received 4 million tourists in March, more than eight times as many as in the same month last year, after most pandemic-related restrictions were lifted, data from the National Institute of Statistics (INE) showed on Thursday. Foreign tourists spent 5.07 billion euros ($5.37 billion) while on holiday in the country in …
Spain’s tourist arrivals jump 8-fold in March, edge toward pre-COVID levels Read More »
(Reuters) – British new car sales this year will be lower than previously thought as the cost-of-living squeeze in Britain and persisting chip shortages impact the auto market, industry data showed on Thursday. The Society of Motor Manufacturers and Traders (SMMT) said 2022 outlook for new cars registered has been cut to 1.72 million from …
UK auto industry cuts 2022 outlook on supply snags, rising cost of living Read More »
