Reuters UK Business

By Alexandra Schwarz-Goerlich VIENNA (Reuters) -Austria’s Raiffeisen Bank International has yet to find a buyer for its Russian business that would be acceptable to all parties, but is continuing to work through a list of interested candidates, its chief executive said on Wednesday. Raiffeisen’s unit in Russia is the biggest lender in the country not …

Raiffeisen ‘not giving up’ on finding buyer for Russian unit, CEO says Read More »

By Dimitri Rhodes (Reuters) -Shares in European steelmakers rose on Wednesday after the European Commission proposed cutting tariff-free steel import quotas by almost half as part of a plan to preserve viable steelmaking in the European Union. “We interpret the EU’s new safeguarding proposals as positive across the full spectrum of EU Carbon steel producers,” …

European steelmakers’ shares rise on EU plan to cut steel import quotas Read More »

PARIS (Reuters) -No guarantee has been made, following talks with caretaker Prime Minister Sebastien Lecornu, that the suspension to France’s pension reform will go ahead, said Socialist Party leader Olivier Faure on Wednesday. Faure added that the Socialist Party could not back the government’s budget plan as it currently stands. Faure spoke after meeting with …

French Socialist Party: no guarantee pension reform will be suspended Read More »

BRUSSELS (Reuters) -Europe’s plastics industry faces plant closures at an accelerated rate and falling further behind global rivals in recycling without urgent action, sector lobby group Plastics Europe said on Wednesday. The group said the European Union should recognise plastics was a strategically vital industry given its importance to sectors such as defence, car-making and …

EU plastics sector says closures will accelerate without swift action Read More »

LONDON (Reuters) -The adoption of stablecoins could generate an additional $1.4 trillion in demand for U.S. dollars by 2027, if enough overseas investors want to own these digital assets, analysts at JPMorgan said in a note on Tuesday. WHY IT’S IMPORTANT The potential increase in dollar demand underlines the importance of the burgeoning stablecoin market …

Stablecoins may drum up $1.4 trillion of extra dollar demand by 2027, JPM says Read More »

BUCHAREST (Reuters) -Romania’s top court on Wednesday rejected two challenges brought against measures to lower the budget deficit but said it would postpone a decision on two others, prolonging uncertainty over the stability of the broad coalition government. The measures, which the government fast-tracked through parliament, are part of wider efforts aimed at bringing down …

Romania’s top court delays ruling on two fiscal measures Read More »