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Markets edgy as US debt ceiling talks near crunch time
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Oil slips as U.S. debt caution offset supply concerns
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Energy costs for most British households to fall 18% from July -Cornwall Insight
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ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde
Allianz Trade Secures Seventh Consecutive Win as Best Trade Credit Insurance Company Asia Pacific at the 2023 Global Banking & Finance Awards®
Date: May 19, 2023
Allianz Trade cements its leadership in Trade Credit Insurance, clinching top honors at the Global Banking & Finance Awards® 2023 in Asia Pacific, continuing its winning streak. Allianz Trade, the global leader in trade credit insurance, has once again been recognized as the Best Trade Credit Insurance Company Asia Pacific at the 2023 Global Banking...
Oil rebounds on fading risk of U.S. debt default
Date: May 19, 2023
Oil rebounds on fading risk of U.S. debt default By Noah Browning LONDON (Reuters) -Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 69 cents, or 0.9%, to $76.55 a barrel by 0923...
Siemens Energy close to selling stake in Windar Renovables – source
Date: May 19, 2023
Siemens Energy close to selling stake in Windar Renovables – source (Reuters) – Siemens Energy is close to striking a deal to sell Siemens Gamesa’s 32% stake in Windar Renovables, a source close to the matter said on Friday. Siemens Energy and Windar declined to comment on the matter, which was first reported by Spain’s...
Stocks reach one-month high on U.S. debt ceiling hopes
Date: May 19, 2023
Stocks reach one-month high on U.S. debt ceiling hopes By Naomi Rovnick and Ankur Banerjee LONDON, SINGAPORE (Reuters) -Global shares rose to a one-month high and the dollar trounced major currencies on Friday as markets reflected increased hopes for a deal over the U.S. debt ceiling that could avoid a calamitous default. Europe’s STOXX 600...
UK’s Nationwide to pay 340 million pounds to customers after profit leap
Date: May 19, 2023
UK’s Nationwide to pay 340 million pounds to customers after profit leap LONDON (Reuters) -British lender Nationwide will pay its customers 340 million pounds ($429 million) through payments to their current accounts, it said on Friday after reporting a 40% leap in annual profit driven by a long run of Bank of England rate hikes....
Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high
Date: May 19, 2023
Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2% target in April and a key index stripping away the effects of fuel hit a fresh four-decade high, keeping alive expectations of a tweak to...