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Trading platform CMC sees higher profit on market volatility
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Britons stockpile thermal underwear to fight rising heating bills
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Norway’s oil production seen rising by 15% in 2023
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Weaker refining, gas trading to hit Shell’s Q3 results
Barclays bolsters financial institutions group with new EMEA co-head
Date: October 6, 2022
By Pamela Barbaglia LONDON (Reuters) – Barclays has promoted Luca Maiorana to lead its financial institutions group (FIG) across Europe, the Middle East and Africa as part of its efforts to deepen its ties with key clients who are grappling with the turmoil in financial markets. Maiorana, who heads Barclays’ fintech and asset management franchise,...
Europe’s STOXX 600 rises ahead of key data, ECB minutes
Date: October 6, 2022
By Devik Jain (Reuters) -Europe’s STOXX 600 index on Thursday resumed its march higher after a dip in the previous session, with investors awaiting more economic data and minutes of the European Central Bank’s September meeting for clues on the pace and path of rate hikes. The pan-European stock index was up 0.6% by 0809...
Morgan Stanley sees tighter oil market ahead, ups Q1 forecasts
Date: October 6, 2022
(Reuters) – Morgan Stanley raised its oil price forecast for the first quarter of 2023, and predicted tight supply going forward due to a steep output cut agreed by OPEC+ producers coupled with an EU embargo on Russian production. OPEC+, which groups members of the Organization of Petroleum Exporting Countries and allies including Russia, agreed...
Nobel prize goes to pioneers of Lego-like “click chemistry”
Date: October 6, 2022
By Johan Ahlander, Ludwig Burger and Marie Mannes STOCKHOLM (Reuters) -Scientists Carolyn Bertozzi, Morten Meldal and Barry Sharpless won the 2022 Nobel Prize in Chemistry on Wednesday for discovering reactions that let molecules snap together to create new compounds and that offer insight into cell biology. The field of click chemistry and bioorthogonal chemistry has...
Swiss pursue home-grown energy panacea – reluctantly
Date: October 6, 2022
By Paul Carrel BERN/GRANDE DIXENCE, Switzerland (Reuters) – Having dodged most of the fuel-driven surge in inflation plaguing its neighbours, Switzerland is moving ahead with plans to boost its energy security and lock in tame power prices – but only reluctantly. Switzerland’s focus on hydropower, which Energy Minister Simonetta Sommaruga calls “the backbone” of its...
Sterling falls again as investors await Friday’s U.S. jobs data
Date: October 6, 2022
By Harry Robertson LONDON (Reuters) -Sterling slipped on Thursday after a sharp drop the previous day, as investors waited for Friday’s highly significant U.S. jobs data. The pound was 0.66% lower against the dollar at $1.1244, after dropping 1.4% on Wednesday. The euro was last up 0.38% against sterling at 87.67 pence. Gyrations in the...