Reuters UK Business

(Reuters) -Major Wall Street brokerages have withdrawn their expectations for a September interest rate cut by the Bank of England, as inflation remains sticky and the labour market resilient. Britain’s annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, data showed on Wednesday. A Reuters …

Wall Street brokerages pull September BoE rate cut calls as inflation proves sticky Read More »

ROME (Reuters) -Italy is concerned about trade tensions triggered by the threat of U.S. tariffs, and about the devaluation of the dollar, its economy minister told his international partners on Friday at a meeting of G7 finance chiefs in Durban, South Africa. “We are concerned about the impact of economic uncertainty and persistent trade tensions …

Italy at G7 warns about risks of trade tensions, dollar weakening Read More »

MADRID (Reuters) -A proposal by Spain’s competition watchdog CNMC to raise the guaranteed return on investments in power grids to 6.46% is not enough to stop Spain losing much-needed capital to other countries, power utilities lobby Aelec warned on Friday. A massive blackout that hit Spain and Portugal on April 28 reignited a debate about …

Spain’s energy lobby calls for higher proposed return on grid investment Read More »

MOSCOW (Reuters) -Russia has built up a certain immunity to Western sanctions and adapted to them, the Kremlin said on Friday, after the European Union agreed an 18th package of sanctions against Moscow, including measures aimed at its oil industry. The package aims to lower the G7’s price cap for buying Russian crude oil to …

Kremlin on new EU sanctions: Russia has built up a certain immunity to such measures Read More »

WARSAW (Reuters) -Polish companies feared business conditions were getting worse in the second quarter, with rising costs of raw materials and supplies seen as the most important barriers to growth, the central bank said. However, the impact of those factors was clearly decreasing, as was the impact of other barriers such as changing regulations, high …

Polish companies worried conditions were worse in Q2, central bank says Read More »