Top Stories
Top Stories
Energy squeeze could see Berlin’s gaslights flicker out
Top Stories
German gas storage levy adds to energy consumers’ woes
Top Stories
German bond yields rise after Schnabel fuels inflation worries
Top Stories
Explainer-Could Germany keep its nuclear plants running?
Dollar bounces as Fed seen keeping up aggressive rate hikes
Date: August 18, 2022
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index hit a three-week high on Thursday as investors reevaluated Wednesday’s minutes from the Federal Reserve’s July meeting as more hawkish than originally interpreted and after data showed solid U.S. economic momentum. The dollar pared gains on Wednesday after the meeting minutes showed that Fed...
Asset managers on alert after ‘WhatsApp’ crackdown on banks
Date: August 18, 2022
By Iain Withers and Sinead Cruise LONDON (Reuters) – Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools...
Russia’s Ochakovo ups soft drink bottling capacity as Western rivals leave
Date: August 18, 2022
MOSCOW (Reuters) – Russian drinks producer Ochakovo on Thursday said it had increased the annual bottling capacity of its CoolCola, Fancy and Street soft drinks by 2.5 times to try and plug the gap in the market left by exiting Western brands. A mass exodus of Western firms due to sanctions and restrictions over Russia’s...
Britain to receive rare LNG cargo from Australia, Oman
Date: August 18, 2022
By Marwa Rashad LONDON (Reuters) -Britain is set to receive a rare shipment of liquefied natural gas (LNG) sourced from Australia and Oman later this month, as countries across Europe strive to secure enough supplies ahead of winter. European nations are seeking to diversify energy supplies following Russia’s invasion of Ukraine and a sharp drop...
German heat pump bonanza test industry’s resilience in Russian gas crunch
Date: August 18, 2022
By Thomas Escritt HOLZMINDEN, Germany (Reuters) – In a way, Stiebel Eltron has never had it so good. The heating manufacturer’s main factory has gone up to working 24 hours a day making the energy-efficient heat pumps that Germany needs to wean itself off Russian gas. But it also has never had it so tough,...
Bank of England sets out plans to sell $23 billion corporate bond stockpile
Date: August 18, 2022
By David Milliken LONDON (Reuters) – The Bank of England set out plans on Thursday to auction off around 200 million pounds ($241 million) of corporate bonds a week from next month, as it moves ahead with its plans to unwind its huge stimulus push of recent years. The BoE bought nearly 20 billion pounds...