A look at the day ahead in European and global markets from Tom Westbrook Markets expect the Bank of England to be the only mover at a slew of central bank meetings on Thursday, with a 25-basis-point rate cut to 3.75% almost as predictable as the top order collapse at the Ashes test in Adelaide. …
Morning Bid: BoE to make the cut as others stay the course Read More »
By Yoruk Bahceli and Samuel Indyk LONDON, Dec 18 (Reuters) – For European markets overshadowed by the United States since the summer, investors are hoping a spending bonanza in Germany – the European Union’s biggest economy – moves the dial in 2026. But first, they need to see evidence it will deliver. A Ukraine peace …
Analysis-Return of ‘Make Europe Great Again’ trades hinges on German comeback Read More »
By Timothy Gardner and Mariko Katsumura WASHINGTON, Dec 17 (Reuters) – The U.S. extended on Wednesday a waiver allowing oil sales from Russia’s Sakhalin-2 project through June 18 next year, a move that likely allows production of liquefied natural gas from the project to continue. The general license, issued by the U.S. Treasury Department, is important …
US allows oil sales from Russia’s Sakhalin-2 project through June 18 Read More »
Dec 17 (Reuters) – Oil and gas major BP on Wednesday appointed Meg O’Neill, the head of Australia’s Woodside Energy, as its CEO effective April 1 after an abrupt exit by Murray Auchincloss. Below is a timeline from 1990 of chief executives at BP, who have led the British oil major through periods of expansion, …
Dec 17 (Reuters) – International private equity firm Cinven said on Wednesday co-Managing Partner Supraj Rajagopalan and Chief Financial Officer Alex Leslie, who is also the chief operating officer, will step down from their roles and leave the firm. Mike Colato, former CFO who currently serves as senior adviser, will take over as interim COO …
Cinven announces departure of two senior executives amid UK pricing probe Read More »
By Deena Beasley, Jarrett Renshaw and Michael Erman Dec 17 (Reuters) – AbbVie and several other drugmakers are expected to announce on Friday agreements with the U.S. government to lower certain prescription drug prices and meet other demands made by President Donald Trump, according to sources familiar with the situation. The deals with about five …
AbbVie, several other pharma companies near MFN deal with Trump, sources say Read More »
By Alexander Tanas CHISINAU, Dec 17 (Reuters) – Moldova has a “unique opportunity” for economic growth, but fundamental reforms are needed and the conflict in neighbouring Ukraine creates additional uncertainty, the International Monetary Fund said on Wednesday. Alina Iancu, the IMF’s mission chief for Moldova, said the prospect of the country’s bid to join the …
IMF says Moldova’s economy has unique growth opportunity, but reforms needed Read More »
Dec 17 (Reuters) – UK company Awendio Solaris said on Wednesday that it plans to invest C$1 billion ($725.6 million) to develop a solar cell and module manufacturing facility and global R&D centre in Canada. The move comes amid growing global demand for renewable energy, as countries and companies race to cut carbon emissions and …
UK firm Awendio Solaris plans $725 million solar plant with indigenous groups in Canada Read More »
By Chibuike Oguh and Joice Alves NEW YORK/LONDON, Dec 17 (Reuters) – Sterling weakened on Wednesday after an unexpected drop in UK inflation all but guaranteed that the Bank of England would cut interest rates, while the dollar rose as traders awaited other central bank decisions and weighed commentary from Federal Reserve officials. Sterling was …
Sterling falls as UK inflation data signals BoE rate cut, dollar rises Read More »
PARIS, Dec 17 (Reuters) – LVMH CEO Bernard Arnault said he was hoping he would be able to make another ten years when asked about his succession plans for the world’s biggest luxury group. “Talk to me again in 10 years, I can give you a more precise answer,” Arnault, 76, told broadcaster CNBC in an …
LVMH CEO Arnault: Ask me again in 10 years about succession plans Read More »
