LONDON (Reuters) -Bank of England Deputy Governor Sarah Breeden said on Tuesday that a recent climb in headline inflation was unlikely to last and there were risks to the economy if interest rates are kept high for too long. Speaking shortly after a colleague on the Monetary Policy Committee, Catherine Mann, warned that inflation might …
Keeping interest rates high for too long is risky, BoE’s Breeden says Read More »
By Amir Orusov and Purvi Agarwal (Reuters) -European shares reversed their earlier declines to close slightly higher on Tuesday, with energy stocks limiting broader gains, while investors weighed the potential impact of a U.S. government shutdown on financial markets. The pan-European STOXX 600 closed 0.5% higher, in its third consecutive session of gains. The index …
Europe’s STOXX 600 records best month since May; looming US shutdown in focus Read More »
By Savyata Mishra and Alexander Marrow (Reuters) -Coty said on Tuesday it had launched a strategic review of its consumer beauty business that could lead to the sale of brands such as CoverGirl and Rimmel, as the cosmetics maker plans to focus on its more profitable fragrances unit. The New York-based company had last month …
Coty explores sale of CoverGirl, Rimmel as it pivots to fragrances Read More »
By America Hernandez (Reuters) -French oil major TotalEnergies on Tuesday said that it is selling a 50% stake in a 270 megawatt portfolio of French wind and solar assets to investment fund manager Eiffel Investment Group. The transaction values the entire portfolio at 265 million euros ($311.22 million), according to the statement, meaning Total will be …
TotalEnergies sells stake in French renewable portfolio for $155 million Read More »
MOSCOW (Reuters) -Russian President Vladimir Putin appointed PSB, a bank which serves the military-industrial complex and is under Western sanctions, as the government’s agent in state property sales, according to a decree published on Tuesday. The decree also introduced an accelerated sale mechanism, requiring a mandatory valuation of an asset within 10 days after a …
Putin entrusts military-linked bank with accelerated state property sales Read More »
WASHINGTON (Reuters) -The U.S. government is heading for a shutdown on Wednesday as congressional Democrats and Republicans hit an impasse over how to continue to fund the federal government. A shutdown could affect financial markets by limiting the operations of financial regulators and delaying the publication of key economic data. How might markets react? Historically, …
Explainer-How a US government shutdown could affect financial markets Read More »
LONDON (Reuters) -Britain’s blue-chip FTSE 100 index hit a fresh record high on Tuesday. The index touched a high of 9,363.57, and closed the day up 0.54% (Reporting by Lucy Raitano)
By Ilona Wissenbach and Joanna Plucinska FRANKFURT (Reuters) -Germany’s Lufthansa could face a strike at its main airline after pilots’ union VC said on Tuesday its members had voted in favour of a walkout in a dispute over pensions. The vote is the union’s final attempt to pressure Lufthansa into agreeing a more generous pension …
Lufthansa faces potential strike after pilots vote for industrial action Read More »
By Shariq Khan NEW YORK (Reuters) -Liquefied natural gas (LNG) will be European oil major Shell’s biggest contribution to the energy industry over the next decade in terms of value and as it seeks to cut emissions from fossil fuel production, CEO Wael Sawan said on Monday. Sawan has increased Shell’s focus on natural gas …
LNG is Shell’s top contribution to energy industry over next decade, CEO says Read More »
By Polina Devitt LONDON (Reuters) -Metals analysts are cutting their estimates of global copper supplies for this year and next after an accident at the giant Grasberg mine dramatically tightened the outlook for the market. Copper prices hit 15-month highs of $10,485 a metric ton last week after Freeport-McMoRan declared force majeure at its Grasberg …
Grasberg mine accident tightens global copper supply estimates Read More »
