By Shreyashi Sanyal and Sruthi Shankar (Reuters) -UK’s blue-chip index touched fresh two-year highs on Wednesday, joining a rally in global stock markets as investors cheered strong earnings while setting aside concerns about rising interest rates. The FTSE 100 index closed up 1% to hit its highest level since January 2020 in a broad-based rally. …
Global rally drives UK’s FTSE 100 to fresh two-year highs Read More »
AS PONTES, Spain (Reuters) – Surging European gas prices and high demand for electricity in the cold winter months have granted a reprieve to a coal plant in northwest Spain, but its workers’ future is unclear. Set to close under Spain’s efforts to cut carbon emissions, the As Pontes plant in Galicia was idled for …
Energy crunch leaves Spanish coal plant workers in limbo Read More »
By Anisha Sircar and Ambar Warrick (Reuters) -European stocks surged on Wednesday to their biggest daily gain in two months, buoyed by a batch of strong fourth-quarter trading updates, while Volkswagen surged on the possible listing of its luxury brand Porsche AG. The pan-European STOXX 600 climbed 1.7% with automakers leading gains with a 4.0% …
European stocks jump; best day in 2 months on strong earnings, automakers Read More »
MILAN (Reuters) – A2A would like to acquire a majority stake in renewable energy firm Alerion Clean Power, but is not interested in a minority holding, the chief executive of Italy’s biggest regional utility said on Wednesday. “We are looking at all the dossiers. We are interested in the opportunities that are out there,” A2A …
Italy’s A2A interested in majority stake in Alerion Clean Power – CEO Read More »
By Richa Naidu and Ross Kerber LONDON/BOSTON (Reuters) – Criticised by a major investor for focusing on sustainability more than financial performance, Unilever CEO Alan Jope will be under pressure at the consumer goods group’s quarterly results on Thursday to show the two can go hand in hand. Unilever says on its website its 400 …
Unilever under pressure to show sustainability focus is good for business Read More »
By Francesco Canepa FRANKFURT (Reuters) – As guardians of stability in prices and financial markets, the last word central bankers want to be associated with is “panic”. Yet that is precisely the term used by two top European Central Bank watchers to describe the message communicated by ECB President Christine Lagarde since she opened the …
Analysis-‘Panic’-stricken ECB struggles to regain control of markets Read More »
PARIS (Reuters) -Carmaker Stellantis said it has reached a deal with a majority of labour union representatives about moving jobs from a gasoline and diesel engine plant in Douvrin, northern France, to a “gigafactory”, producing batteries for the e-mobility era. Union sources earlier told Reuters that the CFTC, Force Ouvrière and CFE-CGC unions – which …
Stellantis reaches deal with unions on moving jobs to new French battery “gigafactory” Read More »
By Huw Jones LONDON (Reuters) – Global banking regulators and central banks said on Wednesday that the final elements of new bank capital rules designed to avoid the taxpayer bailouts seen during the global financial crisis should be implemented as soon as possible. The European Union, a member of the rule-setting Basel committee, has proposed …
Central banks step up pressure to bring in capital rules on time Read More »
By John Revill ZURICH (Reuters) – The Swiss National Bank faces the prospect of a labour union-led raid on the more than 100 billion Swiss francs ($108.35 billion) in profits it has racked up during its long campaign to restrain the safe-haven Swiss franc. The Swiss Trade Union Federation (SGB) is considering launching a referendum …
Exclusive – Swiss central bank faces unions’ demand for cash to bail out pensions Read More »
FRANKFURT (Reuters) – The European Central Bank’s German policymakers openly discussed prospects for an interest rate hike on Wednesday, with new Bundesbank chief Joachim Nagel arguing that a move could come this year, as inflation remains uncomfortably high. The ECB last week walked back on a pledge not to raise rates in 2022 and policymakers …
ECB may need to raise rates in 2022, new Bundesbank chief says Read More »
