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Italian bond yields rise as German support for joint EU debt seen as unlikely
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Stellantis aims to boost recycled material content in vehicles
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Factbox-What are index-linked bonds and why is the Bank of England is buying them?
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Rouble hits multi-month low past 64 vs dollar on Ukraine escalation fears
Spanish government to ensure Naturgy’s planned spin-off meets conditions
Date: October 11, 2022
MADRID (Reuters) – The Spanish government will ensure Naturgy’s plans to spin off its power and gas infrastructure meet conditions set by authorities when Australian fund IFM bought a stake in the utility company, Energy Minister Teresa Ribera said on Tuesday. Naturgy wants to split into two separately listed entities, with one focused on infrastructure...
U.S. dollar drifts higher; yen heads toward level that prompted intervention
Date: October 11, 2022
By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar edged higher in choppy trading on Tuesday, adding to recent gains ahead of a key inflation report later this week that is expected to show persistently strong price pressures. Overall, dollar sentiment remained positive as worries about rising interest rates and geopolitical tensions...
Nissan takes $687 million loss as sells Russian business for 1 euro
Date: October 11, 2022
TOKYO (Reuters) -Nissan Motor Co Ltd will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 million in the latest costly exit from the country by a global company. The Japanese automaker transfer its shares in Nissan Manufacturing Russia LLC...
Cryptoverse: Hack jitters push bitcoin investors back to the future
Date: October 11, 2022
By Hannah Lang (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of...
Damien Hirst burns artworks after collectors pick their NFTs instead
Date: October 11, 2022
By Marie-Louise Gumuchian LONDON (Reuters) – Britain’s Damien Hirst started burning hundreds of his artworks on Tuesday after collectors chose to keep their non-fungible tokens (NFTs), blockchain-based assets representing their digital images, instead. Hirst, who found fame amid the 1990s Young British Artist scene, launched his first NFT collection “The Currency” – 10,000 NFTs corresponding...
ECB’s Lane says rate hikes may hit harder than bond unwind
Date: October 11, 2022
FRANKFURT (Reuters) – The European Central Bank may have a bigger impact on markets by raising interest rates than by whittling down its massive pile of bonds, the ECB’s chief economist Philip Lane said on Tuesday, giving his first hint about a nascent policy debate. Fighting record-high inflation, the ECB increased rates at its last...