(Reuters) -Norwegian Cruise Line Holdings Ltd said on Tuesday it expects to report a net loss until it can resume regular voyages, as the Omicron variant stalls a rebound in a sector ravaged by the pandemic. Cruising demand was slammed by rising COVID-19 cases during the Delta and Omicron waves as operators had to tweak …
Norwegian Cruise expects net loss till regular voyages resume Read More »
FRANKFURT (Reuters) – The president of Germany’s financial watchdog BaFin, Mark Branson, on Tuesday warned about the stability of real-estate markets following a long period of ultra-low interet rates. Cheap borrowing has fuelled assets prices, ranging from stocks to cryptocurrencies, Branson said at an online conference. Real estate markets are “front and center” of BaFin’s …
German watchdog Bafin warns of real estate market stability Read More »
By Huw Jones LONDON (Reuters) -The European Union agreed on Tuesday to prolong until June 30, 2025 permission for Britain’s clearing houses to continue serving customers in the bloc, with officials saying it would be the final extension. Clearing has become a Brexit battle ground between Britain and the EU as the bloc seeks control …
‘End of the road’ for euro clearing in London after June 2025, says EU official Read More »
HELSINKI (Reuters) -Finland’s Nokian Tyres said it expects sales to grow this year but reported a drop in fourth-quarter earnings and warned that higher costs would dent its profitability going forward, sending its shares down more than 6%. “During the second half of 2021, we witnessed a sharp increase in raw material and logistics costs,” …
Nokian Tyres misses estimates in quarter, warns of higher costs Read More »
PARIS (Reuters) – EDF shares fell on Tuesday after the troubled French state-controlled power group made fresh cuts to its nuclear output projections, which drove up prices for European gas, power and carbon. EDF, which announced its revisions on Monday, has faced pressure from government steps to tackle higher energy bills. It has also been …
EDF’s shares fall after French firm cuts nuclear output forecast Read More »
ATHENS (Reuters) – The European Union’s lending arm, the European Investment Bank (EIB), provided a record financing of almost 5 billion euros ($5.70 billion) last year to help Greece shift to clean energy and support its businesses hit by the COVID-19 pandemic, officials said on Tuesday. The amount has doubled compared to 2020 to equal …
ΕΙΒ supports Greece with record 5 billion euro financing in 2021 Read More »
By Huw Jones LONDON (Reuters) – Britain’s finance ministry will push ahead with implementing plans which require regulators to take into account of the financial sector’s global competitiveness when writing rules. A group of campaigners last week warned that the plans could make regulators “cheerleaders” for finance. There is widespread backing in the sector for …
Britain dismisses talk of dumbing down financial rules after Brexit Read More »
LONDON (Reuters) -British households could face a further increase in energy prices when a price cap is updated again in October, especially if there is a Russia-Ukraine conflict, the chief executive of energy regulator Ofgem said on Tuesday. Ofgem said last week the price cap, protecting some 22 million households, would rise by 54% from …
British households may face another energy price hike, regulator says Read More »
AMSTERDAM (Reuters) – ASML, the Dutch semiconductor equipment supplier that is Europe’s largest technology company, said on Tuesday it supports a proposal by the European Commission to help boost the continent’s computer chip manufacturing capacity. In a position paper, ASML said it “strongly supports” the plan aimed at securing extra funding for the chip industry …
ASML says it supports European Chip Act proposal Read More »
By James Davey LONDON (Reuters) – Ocado Group, the British online supermarket and technology firm, warned core earnings in 2022 would undershoot market expectations as it steps up investment in automated warehouses around the world, hammering its shares. The stock was down 9.2% at 1051 GMT on Tuesday, extending losses over the last year to …
Ocado warns on 2022 earnings as investment weighs Read More »
