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Start-up Etioca eyes Nasdaq listing next year as it unveils electric taxi
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Moody’s flags Oct 21 as crucial date for UK rating
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Luc Remont proposed as new boss of French energy company EDF
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Russian central bank gives legal entities green light to trade foreign shares
UK’s Kwarteng: Mini budget was essential in resetting debate around growth
Date: September 30, 2022
LONDON (Reuters) – The British government’s so-called mini budget was essential in helping reset the debate around growth, finance minister Kwasi Kwarteng said on Thursday, after nearly a week of chaos in financial markets triggered by its huge tax cuts. “The mini budget was absolutely essential in resetting the debate around growth and focusing us...
Factbox-Strikes knock already struggling French refined products sector
Date: September 29, 2022
By Rowena Edwards and Forrest Crellin (Reuters) -More than 60% of France’s refining capacity is off line as strikes over pay and unplanned maintenance pile pressure on the refined products sector. The outages come as Europe looks to ease its dependence on Russian fuel. Here are the oil companies and sites affected by strike action...
UK bond liquidity barely improves after BoE intervention – ING
Date: September 29, 2022
(Reuters) -The spread between bid and ask prices on British bonds, reflecting the ease of trading in such debt, was only slightly tighter on Thursday than at its peak before the Bank of England intervened to calm markets, data from ING Bank citing Tradeweb showed. This suggests conditions in Britain’s government bond market remain tough...
Dollar dishes the pain as selloff rumbles on
Date: September 29, 2022
By Marc Jones LONDON (Reuters) – Investors pedalled into another cycle of selling on Thursday as the dollar tightened its stranglehold on currency markets, recession fears sapped equities and bonds suffered more interest rate pain. Europe’s morning was rough. The STOXX 600 share index was still down 1.3% having opened 2% lower, Wall Street looked...
Germany agrees 200 billion euro package to shield against surging energy prices
Date: September 29, 2022
By Holger Hansen and Kirsti Knolle BERLIN (Reuters) – German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) “defensive shield”, including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices. Europe’s biggest economy is trying to...
Germany’s Leag eyes 1,000 MW solar park in renewables expansion
Date: September 29, 2022
FRANKFURT (Reuters) – German brown coal miner and power generator Leag unveiled plans on Thursday to build a 1,000 megawatt (MW) solar park that could open in early 2026, as it looks to expand in renewable energy. Leag, based in eastern Germany’s Lusatia region, aims to bring 7 gigwatts (GW) of solar and wind output...