Marketmind: Memo for Britain’s next PM – There’s no stopping bad news
A look at the day ahead in European and global markets from Anshuman Daga Another day, another miserable set of British data. “A..
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Samsung Elec breaks ground on new chip R&D centre, plans $15 billion investment by 2028
SEOUL (Reuters) – Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) c..
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Bavarian Nordic signs up U.S. firm for packaging monkeypox vaccine
(Reuters) – Danish biotech firm Bavarian Nordic said on Thursday it has signed up a U.S.-based manufacturer to package its Jynne..
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Cricket-Fiery Stokes revives England but S Africa build good lead
LONDON (Reuters) – A fiery spell from captain Ben Stokes dragged England back into the match but South Africa remained the happi..
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Next year’s Geneva auto show cancelled -organisers
ZURICH (Reuters) – The Geneva International Motor Show scheduled to take place in February has been cancelled for the fourth yea..
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Record numbers resign in France as bargaining power balance shifts -labour ministry
By Myriam Rivet and Tassilo Hummel PARIS (Reuters) – More French employees than ever quit their jobs at the end of 2021 and star..
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Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports
By Elizabeth Howcroft LONDON (Reuters) -Tether, the world’s largest stablecoin, said on Thursday it had appointed accounting fir..
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German gas import costs surge 153% in first half as imports drop 24%
FRANKFURT (Reuters) – German natural gas import costs rose by 153% in the first six months of 2022 from a year earlier, even tho..
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Explainer-Could Germany keep its nuclear plants running?
FRANKFURT (Reuters) – German utilities have said they may operate the country’s three remaining nuclear reactors beyond th..
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Oil up 3% on U.S. crude stocks data, tight supply outlook
By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 3% on Thursday as robust U.S. fuel consumption data and an expected drop..
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Dollar bounces as Fed seen keeping up aggressive rate hikes
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index hit a three-week high on Thursday as investors reevaluated Wednesda..
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Asset managers on alert after ‘WhatsApp’ crackdown on banks
By Iain Withers and Sinead Cruise LONDON (Reuters) – Asset managers are tightening controls on personal communication tools such..
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Russia’s Ochakovo ups soft drink bottling capacity as Western rivals leave
MOSCOW (Reuters) – Russian drinks producer Ochakovo on Thursday said it had increased the annual bottling capacity of its CoolCo..
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Britain to receive rare LNG cargo from Australia, Oman
By Marwa Rashad LONDON (Reuters) -Britain is set to receive a rare shipment of liquefied natural gas (LNG) sourced from Australia and ..
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Euro zone July inflation confirmed at 8.9% y/y, core measure sharply up
BRUSSELS (Reuters) – Euro zone inflation reached a new record high of 8.9% year-on-year in July, the EU’s statistics offic..
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German heat pump bonanza test industry’s resilience in Russian gas crunch
By Thomas Escritt HOLZMINDEN, Germany (Reuters) – In a way, Stiebel Eltron has never had it so good. The heating manufacturer’..
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Norway and New Zealand deliver latest big rate hikes
LONDON (Reuters) -The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled furt..
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Bank of England sets out plans to sell $23 billion corporate bond stockpile
By David Milliken LONDON (Reuters) – The Bank of England set out plans on Thursday to auction off around 200 million pounds ($24..
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Poland’s PGNiG in talks to get more gas from Norway through new Baltic Pipe
WARSAW/GDANSK (Reuters) -Poland’s PGNiG is in advanced talks to source more gas from Norway through the new Baltic Pipe linking ..
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Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports
By Elizabeth Howcroft LONDON (Reuters) -Tether, the world’s largest stablecoin, said on Thursday it had appointed accounting fir..
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Exclusive-China regulator launches new probe into banks’ property loan exposure – sources
By Engen Tham and Ziyi Tang SHANGHAI/BEIJING (Reuters) -China’s banking regulator is scrutinising property loan portfolios of so..
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Stocks gain, shrugging off latest policymaker inflation concerns
By Tommy Wilkes LONDON (Reuters) -European stocks reversed early losses on Thursday as investors remained bullish even after Federal R..
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Yangtze tributary runs dry as China faces another month of drought
By Thomas Suen and David Stanway CHONGQING/SHANGHAI (Reuters) -Residents living near a tributary of the Yangtze river in the southwest..
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Analysis-U.S. retail traders pile back into options as meme-stock mania flares
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Speculative options trading is on the rise again among individual investors alongside ..
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UK budget think tank warns future PM against big tax cuts
By David Milliken LONDON (Reuters) – Britain’s next prime minister will not have room to make large, permanent tax cuts, t..
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European shares up on energy boost, but inflation caps gains
By Anisha Sircar and Shreyashi Sanyal (Reuters) -European shares rose on Thursday with a boost from oil stocks, but lagged other major..
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India eases Russian oil buying in July, boosts Saudi imports -trade
By Nidhi Verma NEW DELHI (Reuters) – India’s crude oil imports from Russia in July fell for the first time since March alo..
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Russian Urals crude oil prices jump ahead of EU embargo
By Julia Payne LONDON (Reuters) – Russia’s key crude oil grade, Urals, has been trading at levels not seen in Europe since..
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China’s Tencent reports first revenue drop as gaming regulations and COVID-19 bite
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings suffered its first ever quarterly sales fall on Wednesday, hurt by a go..
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Spot prices up on less solar, rising French demand
PARIS (Reuters) – European spot power contracts rose on Wednesday, as solar supply in Germany is expected to fall while demand i..
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Norway’s wealth fund loses record $174 billion in first half of 2022
By Victoria Klesty OSLO (Reuters) -Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillio..
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Analysis-China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters
By Kevin Yao BEIJING (Reuters) – China’s central bank is set to take more easing steps, pressured by a shaky economy that ..
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European bourses steady as focus remains on key economic data
By Anisha Sircar (Reuters) – European shares on Wednesday were little changed amid persisting recession fears, with investors ey..
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FTSE 100 subdued as UK inflation hits double digits
By Sruthi Shankar and Johann M Cherian (Reuters) -UK’s FTSE 100 was muted on Wednesday after data showed inflation hit double di..
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Cineworld plunges as lack of blockbusters adds to debt woes
By Pushkala Aripaka (Reuters) -Cineworld warned on Wednesday a lack of big-budget movies was hitting admissions and would likely persi..
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Exclusive-China’s EVE to supply BMW with large Tesla-like cylindrical batteries in Europe -sources
SHANGHAI (Reuters) -China’s EVE Energy Co Ltd will supply BMW with large cylindrical batteries for its electric cars in Europe, ..
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Norway’s wealth fund loses $174 billion in first half of 2022
By Victoria Klesty OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, made a loss of 1.68 trillio..
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