MOSCOW, Dec 9 (Reuters) – Russia may increase liquefied petroleum gas supplies to China by 40% to 1.125 million metric tons next year, Petromarket consultancy said, as Moscow pivots to the East. Russia has redirected its oil flows away from Europe to China and India in reaction to Western sanctions over its 2022 invasion of …
Russia could boost LPG exports to China by 40% in 2026, consultancy says Read More »
By Maria Martinez BERLIN, Dec 9 (Reuters) – German exports rose slightly in October, confounding expectations for a decline thanks to European Union trade, while shipments to the United States and China fell sharply. Exports from Europe’s biggest economy rose by 0.1% in October compared with the previous month, data from the Federal Statistics Office …
German exports unexpectedly rise in October due to EU trade Read More »
PARIS, Dec 9 (Reuters) – French fund Eiffel Investment Group has raised 1.2 billion euros ($1.40 billion) for a new energy-focused fund, named Eiffel Energy Transition III, as Europe aims to get more financing for environmentally-friendly energy projects. “Eiffel is a key partner for renewable energy developers,” said Fabrice Dumonteil, Chairman of Eiffel Investment Group. …
Eiffel Investment Group raises 1.2 billion euros for new energy-focused fund Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Markets are getting anxious about the U.S. monetary policy outlook ahead of an expected rate cut from the Federal Reserve this week, with a divided central bank and the prospect of a dovish successor to Fed Chair Jerome Powell keeping investors …
Morning Bid: Markets riddled with anxiety on almost-Fed day Read More »
Dec 9 (Reuters) – The strength of the euro is amplifying the deflationary effect of China’s export machine, which may end up being the catalyst that could jolt the European Central Bank out of its “good place” and into more interest rate cuts. The euro is around $1.166, having hit a four-year high of $1.1918 …
Analysis-Euro’s hidden strength could muddy the ECB’s ‘good place’ Read More »
By Scott Murdoch SYDNEY, Dec 9 (Reuters) – The chief investment officer of Australian pension fund Aware Super says there are flashing “orange” lights in some funding arrangements in the global artificial intelligence industry but earnings growth is backing up the sector’s current valuations. Simon Warner, who became CIO of the A$210 billion ($135.75 billion) …
Aware Super CIO warns of ‘orange’ lights in AI financing as valuations soar Read More »
By Andy Bruce MANCHESTER, England, Dec 9 (Reuters) – British consumers kept a tight rein on their spending in November as they awaited finance minister Rachel Reeves’ budget, while retailers said Black Friday sales disappointed, according to surveys on Tuesday. Barclays said spending on its credit and debit cards fell by 1.1% in annual terms …
UK consumer spending disappointed in November, surveys show Read More »
By Dan Catchpole SEATTLE, Dec 8 (Reuters) – Boeing said on Monday it has closed its $4.7 billion takeover of Spirit AeroSystems, re-acquiring the bulk of the world’s largest independent wing and fuselage maker. The U.S. planemaker’s European rival Airbus also announced Monday it had completed the acquisition of parts of Spirit in its supply …
Boeing closes Spirit AeroSystems purchase in major supply chain realignment Read More »
By Foo Yun Chee and Louise Rasmussen BRUSSELS, Dec 8 (Reuters) – Meta’s proposal to use less personal data for targeted advertising in its pay-or-consent model that will be rolled out next month won the approval of EU antitrust regulators on Monday, signaling the company will not face daily fines after all. The Meta investigation …
Meta pledge to use less personal data for ads gets EU nod, avoids daily fines Read More »
MOSCOW, Dec 8 (Reuters) – Russian President Vladimir Putin issued a decree on Monday clearing potential deals with Rosneft and Shell’s joint-venture stake in the Caspian Pipeline Consortium, which exports oil mainly from Kazakhstan. The decree said it allowed the deals, which may result in changes of ownership, in the CPC by the Rosneft-Shell Caspian …
