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Russia’s Gazprom expects increase in 2022 revenue
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UniCredit gets ECB’s green light for second 1 billion euro share buyback
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Spanish toddler dies after being hit by giant hailstone
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Foreign tourism to Portugal surpasses pre-COVID levels in July
Investors flee UK bonds, pushing gilts to huge monthly loss
Date: August 31, 2022
LONDON (Reuters) -Investors alarmed at Britain’s bleak economic outlook and political uncertainty dumped government bonds on Wednesday, extending a recent selloff and putting some gilt maturities on track for their sharpest monthly loss since records began. Some gilts saw far heavier selling than U.S. or German bonds as a decline in the value of sterling...
Euro slips back below parity, Norwegian krone falls on planned cbank FX purchases
Date: August 31, 2022
By Samuel Indyk LONDON (Reuters) – The euro slipped back below parity against the dollar on Wednesday and was on track for its third consecutive monthly drop as a burgeoning energy crisis adds to recession fears, while the European Central Bank pushes ahead with rate hikes. On Wednesday, Russia halted gas supplies from the Nord...
Britain’s Queen Elizabeth will appoint new prime minister at Balmoral
Date: August 31, 2022
LONDON (Reuters) -Queen Elizabeth will break with tradition to appoint Britain’s new prime minister at her Balmoral Castle residence in Scotland rather than at Buckingham Palace in London, due to the 96-year-old monarch’s mobility issues. A Buckingham Palace spokesperson said on Wednesday that the queen would meet outgoing Prime Minister Boris Johnson as well as...
Iran deal a wild card for oil market strained by supply risks – Reuters poll
Date: August 31, 2022
By Swati Verma (Reuters) – A looming EU embargo on Russian oil is expected to exacerbate supply tightness and keep prices in triple digits this year unless there is a return of Iranian barrels, a Reuters poll showed on Wednesday. A survey of 41 economists and analysts forecast benchmark Brent crude would average $103.93 a...
Austria grants credit line to Vienna utility squeezed by power price surge
Date: August 31, 2022
VIENNA (Reuters) – Austria’s government on Wednesday granted a 2 billion euro ($2 billion) credit line to the City of Vienna for the power firm it owns, Wien Energie, after the company asked for help covering its futures margins because of surging market prices. A leap in prices following Russia’s invasion of Ukraine has increased...
Spain launches free rail travel passes to fight inflation
Date: August 31, 2022
By Marco Trujillo and Christina Thykjaer MADRID (Reuters) – After struggling a bit with the ticket machine at Madrid’s grand 19th century Atocha railway station, 26-year-old Jennifer Bernard Quintana and her sister became the happy owners of free travel passes valid from Thursday. With inflation near record highs of above 10% year-on-year, Spain’s Socialist-led government...