BRUSSELS, Dec 8 (Reuters) – Leaders from seven EU member states urged the EU on Monday to move ahead quickly with a proposal to use frozen Russian assets to provide financing to Ukraine. “Supporting Ukraine in their fight for freedom and independence is not only a moral obligation – it is also in our own …
Seven EU leaders urge action on Ukraine reparations loan proposal Read More »
By Marc Jones LONDON, Dec 8 (Reuters) – The combination of gold and share prices soaring in unison is a phenomenon not seen in at least half a century and raises questions of a potential bubble in both, global central bank umbrella body, the Bank for International Settlements, says. While equity markets continue to be …
Central bank body BIS raises concerns of gold and stocks double bubble Read More »
LONDON, Dec 8 (Reuters) – The pound dipped on Monday, although volatility remained contained, as investors prepared for an action-packed week that, among other things, could bring a U.S. rate cut. Sterling climbed to six-week highs last week, helped by relief that finance minister Rachel Reeves’ budget was better received than feared and by expectations …
Sterling ticks lower as traders brace for busy week Read More »
By Maria Martinez BERLIN, Dec 8 (Reuters) – German corporate insolvencies are projected to hit their highest level in more than a decade this year, a new study revealed on Monday, as the nation grapples with a stubborn economic downturn. Approximately 23,900 companies are expected to file for bankruptcy in 2025, an 8.3% increase from …
German corporate bankruptcies to surge to a decade high in 2025 Read More »
By Gianluca Lo Nostro Dec 8 (Reuters) – Cereals and oilseeds producer AgroGeneration said on Monday it will not be able to publish its first-half financial results after Russian attacks partially destroyed accounting documents at one of its Ukrainian storage and administrative sites. AgroGeneration said a drone strike on April 28 partially destroyed the main …
FRANKFURT, Dec 8 (Reuters) – German warship builder TKMS expects to make a decision on whether to buy neighbouring German Naval Yards Kiel (GNYK) in the next few weeks, its CEO Oliver Burkhard said on Monday. Talks with GNYK, which is owned by France-based shipping group CMN Naval, are currently underway, and Burkhard said TKMS …
TKMS CEO expects decision over possible GNYK purchase in next few weeks Read More »
FRANKFURT, Dec 8 (Reuters) – The Sentix index gauging investor morale in the euro zone rose to -6.2 in December from -7.4 in November, beating the -7.0 forecast by analysts polled by Reuters, while the bloc’s biggest economy Germany remains a “stumbling block” for the region. The survey of 1,063 investors from December 4-6 showed …
Euro zone investor morale rises slightly, Germany still a drag on region Read More »
Dec 8 (Reuters) – The Magnum Ice Cream Company shares opened at 12.20 euros on their debut trading day in the Amsterdam Euronext stock exchange. This compares to the 12.80 euro reference price set by Euronext on Friday. (Reporting by Dimitri Rhodes)
ISTANBUL, Dec 8 (Reuters) – Turkey’s Pegasus Airlines said on Monday it had signed a deal to acquire Czech Airlines (CSA) and its subsidiary Smartwings in a transaction worth 154 million euros ($180 million) in total, with the goal of expanding globally. Pegasus, in a statement on the Istanbul stock exchange platform KAP, said it …
Turkey’s Pegasus signs 154 million euro deal to buy Czech Airlines, Smartwings Read More »
Dec 8 (Reuters) – Anglo American said on Monday it had withdrawn a proposal to change executive directors’ bonus awards from a shareholder vote on its merger with Canada’s Teck Resources, after investors raised concerns about the policy. Anglo American said the merger remained conditional only on approval to issue new shares, not on the …
Anglo American withdraws executive pay resolution ahead of Teck merger vote Read More »
