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MOSCOW (Reuters) -Russia is seeing shortages of certain fuel grades as Ukrainian drone attacks reduce refinery runs and high borrowing costs mean private filling stations can’t afford to stockpile fuel, according to traders and retailers. Ukraine has stepped up drone attacks on Russian energy infrastructure in recent weeks targeting refineries and export terminals to reduce …

Russian fuel crisis widens after Ukrainian attacks, sources say Read More »

BERLIN (Reuters) -Switzerland’s UBS has agreed to pay almost a billion dollars to resolve a legal case concerning its cross-border business activities in France between 2004 and 2012, the bank said on Tuesday. As part of the resolution, UBS will pay a fine of 730 million euros ($860.45 million) plus 105 million euros in civil …

UBS agrees to almost $1-billion payment to resolve French tax case Read More »

BERLIN (Reuters) -Business activity in Germany, Europe’s largest economy, grew at an accelerated pace in September, hitting its fastest pace in 16 months due mainly to a rebound in the services sector, a survey showed on Tuesday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, rose to 52.4 in September from …

German business activity grows at accelerated clip in September, PMI shows Read More »

ROME (Reuters) -Italy’s government has given a conditional green light to the merger between energy contractor Saipem and its Norwegian rival Subsea7, financial newspaper MF reported on Tuesday. Rome’s approval, given on September 18, is subject to Saipem keeping in Italy all those activities that are considered strategic, giving priority to Italian energy infrastructure and …

Italy gives conditional green light to Saipem’s merger with Norway’s Subsea7, paper says Read More »

(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. A quieter session in Asia with Tokyo on holiday, but South Korea and Taiwan still managed to notch fresh all-time highs amid the love affair with all things AI. The latest tryst being Nvidia’s intent to invest up to $100 …

Morning Bid: New highs in Asia, Powell gets to say his piece Read More »

BERLIN (Reuters) -Germany’s federal and state government tax revenues were up 2% in August from the same month a year ago, the finance ministry said in a report on Tuesday, adding economic momentum was not expected to significantly increase in the short term. Germany, Europe’s largest economy, contracted in 2024 for the second consecutive year. …

German tax revenues up 2% in August, finance ministry says Read More »