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Sterling close to this week’s low versus dollar ahead of U.S. data
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Ireland sees ‘flicker of optimism’ in post-Brexit N.Ireland dispute
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World food price index falls for sixth month in Sept -FAO
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Chipmakers weigh on European shares; focus on U.S. jobs data
Exclusive-Indian car makers propose tax cut on imports in trade deal with Britain
Date: October 7, 2022
By Aditi Shah and Aftab Ahmed NEW DELHI (Reuters) – Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain, sources told Reuters, an unprecedented move that could ease access to one of the world’s most protected automobile markets. It is the first...
Luxury yacht owned by sanctioned Russian oligarch docked in Hong Kong
Date: October 7, 2022
By Tyrone Siu HONG KONG (Reuters) – A luxury yacht worth over half a billion U.S. dollars belonging to sanctioned Russian oligarch Alexey Mordashov has docked in Hong Kong waters, according to shipping records, after a week-long voyage from Russia. Mordashov was among a number of Russian oligarchs sanctioned by the European Union and the...
Swiss forex reserves down in September
Date: October 7, 2022
(Reuters) – The Swiss National Bank’s foreign exchange reserves fell in September, data showed on Friday. The SNB held 807.130 billion Swiss francs ($815.04 billion) in foreign currency at the end of September, compared with 859.340 billion francs in August, revised from an originally reported 859.639 billion, preliminary data calculated according to the standards of...
UK pub operator Wetherspoon’s loss narrows despite higher costs
Date: October 7, 2022
(Reuters) -British pub operator J D Wetherspoon’s annual loss narrowed from a year ago, even as the company battled soaring energy and labour costs. Pub groups in Britain, still reeling from the COVID-19 pandemic, are now grappling with rising costs of everything from labour and ingredients to energy, and the threat of lower consumer spending...
Channel Tunnel operator GetLink joins other firms in pledging to save energy
Date: October 7, 2022
PARIS (Reuters) – Getlink, the company which runs the Channel Tunnel, pledged on Friday measures to cut down on its use of energy, becoming the latest blue-chip French company to join in on the French government’s plans to save energy amid rising inflation. Getlink said its plans entailed the reduction of heating instructions in buildings,...
German retail sales dip more than forecast in August
Date: October 7, 2022
BERLIN (Reuters) – German retail sales fell by a slightly more-than-forecast 1.3% in August compared to the previous month, data showed on Friday. Analysts polled by Reuters had forecast a 1.1% dip in price-adjusted terms. (Reporting by Rachel More; Editing by Maria Sheahan)...