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Sterling to regain some lost ground over coming year – Reuters poll
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Kremlin slams Japan’s ‘unfriendly’ stance amid G7 oil price cap talk
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UK markets brace for prolonged political uncertainty
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Sri Lanka president asks Russia’s Putin to help import fuel
Shell to start construction of renewable hydrogen plant in Netherlands
Date: July 6, 2022
(Reuters) – Shell Plc said on Wednesday it would start building a renewable hydrogen plant in the Netherlands, which according to the energy giant will be Europe’s largest once it is operational in 2025. Shell said the 200 megawatt electrolyser, named Holland Hydrogen I, in the port of Rotterdam would produce up to 60,000 kilograms...
Britain’s energy security bill set to become law
Date: July 6, 2022
By Nina Chestney LONDON (Reuters) – The British government said on Wednesday that plans to bolster the country’s energy security, diversify away from fossil fuels and protect consumers from spiralling prices are set to become law. Britain’s energy security bill will be introduced to Parliament on Wednesday and includes 26 measures to reform the energy...
Scalded by Russia, investment funds tread carefully in China
Date: July 6, 2022
By Sujata Rao and Tommy Wilkes LONDON (Reuters) -China, the only big economy promising a growth rebound this year, is again luring foreign investors. Yet the fear that Beijing may someday end up as ostracised from global markets as Russia is keeping a lid on demand. The scale and coordination of Western sanctions on Russia...
Sterling edges back towards more than 2-year lows vs dollar as Boris Johnson clings to power
Date: July 6, 2022
By Lucy Raitano LONDON (Reuters) -A battered British pound edged back towards more than two-year lows against the dollar on Wednesday as British Prime Minister Boris Johnson clung to power after key cabinet members quit unexpectedly. The finance and health secretaries resigned late on Tuesday alongside several others in more junior roles, saying they could...
Euro falls to lowest since 2002 on concerns over energy prices
Date: July 6, 2022
By Stefano Rebaudo (Reuters) -The euro tumbled to a new two-decade low on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc’s economy, while demand for safe-haven assets drove the dollar to fresh 20-year highs. All oil and gas fields that were affected by a strike in...
BoE’s Pill sees no growth for UK economy, warns against big rate hikes
Date: July 6, 2022
By Andy Bruce LONDON (Reuters) -Bank of England chief economist Huw Pill warned on Wednesday that Britain’s economy would slow to a crawl over the next 12 months and repeated his preference for a “steady-handed” approach to raising interest rates. With inflation heading towards double digits and growth in the economy fading fast, Pill said...