KYIV (Reuters) -Kyiv will allocate 260 million hryvnias ($6.2 million) for a drone interceptor program to defend the capital’s skies from Russian drones, city authorities said on Friday. Russia has stepped up its combined attacks on the Ukrainian capital in recent weeks, launching hundreds of drones and missiles in hours-long night assaults which caused damage …
Kyiv to allocate $6.2 million to drone interceptor program Read More »
MILAN (Reuters) -UniCredit has no plans to heed the advice of the German government to drop its ambitions to take over Commerzbank, the Italian bank’s CEO was quoted as saying on Friday. German Finance Minister Lars Klingbeil on Thursday told press agency DPA that the government expected UniCredit to abandon its takeover plans, reiterating that …
UniCredit CEO says no plans to abandon Commerzbank investment, newspaper reports Read More »
MOSCOW (Reuters) -Russia’s largest liquefied natural gas Novatek said on Friday its second-quarter natural gas output increased by 2.8% year on year to 21.18 billion cubic metres. Crude oil and gas condensate output in the April – June quarter rose by 2.2% from the same period a year ago to 3.44 million metric tons, or …
(Reuters) -Global ratings agency Fitch on Thursday upgraded Bulgaria’s long-term foreign-currency issuer default rating to ‘BBB+’ from ‘BBB’, citing the approval of Bulgaria’s euro adoption scheduled for January 2026. The rating agency said euro zone membership will grant Bulgaria reserve-currency status, strengthen its monetary policy framework, lower transaction costs, remove exchange-rate risks for corporate and …
Fitch upgrades Bulgaria to ‘BBB+’ on euro adoption approval Read More »
(Reuters) -Citigroup on Friday introduced its mid-2026 target for the MSCI All Country World Index (ACWI) Local as they expect global equity markets to be rangebound until year-end, with “meaningful” gains coming in the first half of next year. The Wall Street brokerage set a target of 1,150 for the benchmark global equity index, implying …
Citigroup sets mid-2026 target of 1,150 for MSCI’s global equity index Read More »
(Reuters) -German wholesale prices rose by 0.9% in June compared with the same month last year, according to data released by the federal statistics office on Friday. The office offers more detailed economic data on its website. (Reporting by Isabel Demetz, Editing by Friederike Heine)
NEW YORK/SINGAPORE (Reuters) -Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and crypto-friendly policies from U.S. President Donald Trump’s administration. The world’s largest cryptocurrency rose to a peak of $116,781.10 in the Asian session on Friday, taking its gains for the year so far to more than 24%. It …
Bitcoin jumps to record on institutional investor demand Read More »
By Roshan Thomas and Rajasik Mukherjee (Reuters) -Australian building services provider Johns Lyng Group said on Friday it agreed to be bought by investment firm Pacific Equity Partners (PEP) for an equity value of A$1.1 billion ($725 million), sending its shares to a near five-month peak. The deal comes at a time when the 72-year-old …
Australia’s Johns Lyng agrees to $725 million buyout, shares soar Read More »
A look at the day ahead in European and global markets from Stella Qiu The markets got a jolt on Friday from what looked likely to be a dull summer day, when U.S. President Donald Trump took to the TV to inject fresh drama into his simmering trade wars and disrupted Wall Street’s recent upward …
Morning Bid: New tariff drama jolts complacent markets Read More »
By Andy Bruce MANCHESTER, England (Reuters) -Britain’s regions outside the capital are languishing in “junk bond” territory in terms of their attractiveness for investment, largely because local financial systems have been hollowed out by London’s dominance, according to new research. The paper, published in the Fiscal Studies journal, underlined flaws in Britain’s financial architecture that …
Most of UK stranded in ‘junk bond’ territory as London dominates, research says Read More »
