By Tommy Wilkes and Saikat Chatterjee LONDON (Reuters) – Investors are piling into derivatives linked to a rising euro, according to industry data and trading sources, as they bet the European Central Bank’s hawkish tilt means the end to eight years of negative interest rates. The euro has hit three-month highs near $1.15 since the …
Analysis-Euro back in fashion as traders bet ECB hawks are here to stay Read More »
By Victoria Waldersee BERLIN (Reuters) – Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain headwinds persisting into 2022, it said on Friday. The luxury carmaker predicted an adjusted return on sales of 12.7% in the full year, beating …
Mercedes-Benz beats profit forecast, sees supply chain headwinds in 2022 Read More »
By Huw Jones LONDON (Reuters) -There will be no access to the European Union for Britain’s derivatives clearing houses after June 2025, the bloc’s financial services chief Mairead McGuinness said on Friday. Britain’s departure from the EU has largely severed the country’s financial services ties with the bloc. But clearing in London of euro-denominated derivatives …
No EU access for UK clearing houses after June 2025, McGuinness says Read More »
LONDON (Reuters) – Swedish utility Vattenfall said on Friday that its 1.8 gigawatt (GW) Norfolk Vanguard offshore wind farm in Britain has been granted planning consent by the UK government. The wind farm, off the coast of Norfolk in East Anglia, is expected to come online in the middle of this decade and will provide …
Vattenfall says UK offshore wind farm secures planning consent Read More »
By Muvija M LONDON (Reuters) – London’s Gatwick Airport will reopen its south terminal next month, counting on the easing of coronavirus curbs to boost demand this summer as travellers venture out after the Omicron variant of the virus dampened new year celebrations for most. A number of airlines will return to the south terminal …
Summer’s back: London Gatwick to reopen south terminal in March Read More »
By Benjamin Mallet and Tassilo Hummel PARIS (Reuters) -State-controlled French power company EDF said on Friday it was making another cut in planned nuclear output because maintenance work will take more of its reactors offline. EDF’s shares fell 2.8% in early trading while the French 2023 baseload power price rose 4.4% following the announcement, the …
ROME (Reuters) – Italy’s main telecom unions called on Friday for a general strike against a possible spin off of Telecom Italia’s (TIM) network. The labour groups have raised concerns over a potential break up of the company and a fallout on jobs as the former phone monopoly studies a split of its network assets …
Italy’s main unions call for general strike against Telecom network spin off Read More »
By Huw Jones LONDON (Reuters) – The European Union’s markets watchdog said on Friday it will start working on a legal definition of “greenwashing” to underpin enforcement action as trillions of euros flow into funds that are advertised as climate-friendly. Regulators are playing catch-up with the deluge of money going into investments that tout their …
EU watchdog to define ‘greenwashing’ as sustainable funds rocket Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Google on Friday was targeted in an antitrust complaint by the European Publishers Council over its digital advertising business, potentially strengthening EU antitrust chief Margrethe Vestager’s investigation into the issue. Alphabet Inc’s Google made $147 billion in revenue from online ads in 2020, more than any other company in …
Google’s advertising tech targeted in European publishers’ complaint Read More »
MILAN (Reuters) – Italian cost of funding climbed further, reaching the highest since May 2020 at an auction on Friday, as investors seek clues on how soon the European Central Bank might hike interest rates. Rome sold the top planned amount of 7.75 billion euros ($8.87 billion) over three BTP bonds. The Treasury sold 3 …
Italy’s borrowing costs soar at BTP auction, touch 21-month high Read More »
