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European shares fall as strike in Norway fuels fears of energy crisis
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Sainsbury’s quarterly sales drop as UK consumers squeezed
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Exclusive-Pope hopes China deal on bishops will be renewed soon
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Curve lifted by gas market uncertainty
Sterling jumps vs euro, slips vs dollar in thin July trade
Date: July 5, 2022
By Joice Alves LONDON (Reuters) – Sterling fell on Tuesday against a strengthening U.S. dollar but jumped against the euro in July thinned trade with markets watching for any sign from the Bank of England on its monetary policy path. With some liquidity expected to return to the foreign exchange market later in the day...
EU eyes $47 billion in private capital to fund deep-tech start-ups
Date: July 5, 2022
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission is planning measures to attract 45 billion euros ($47 billion) in private funding for “deep-tech” start-ups, those based on significant scientific or engineering advances, an EU policy document seen by Reuters showed. A new Listings Act planned for later this year will also cut the...
UK firms see small pick-up in June but inflation worries mount – PMI
Date: July 5, 2022
LONDON (Reuters) – Growth among British businesses last month was a touch stronger than originally thought but there were further signs of how surging inflation is dragging on new orders, raising fears of a recession, a survey showed on Tuesday. The composite S&P Global/CIPS Purchasing Managers Index – spanning services and manufacturing firms – edged...
Japan, South Korea buyers not yet asked to pay roubles for Russian LNG imports
Date: July 5, 2022
By Yuka Obayashi and Joyce Lee (Reuters) – Major Asian buyers of Russian liquefied natural gas (LNG) said they had yet to receive requests to pay for supplies in Russian roubles after a senior manager at gas producer Gazprom floated a proposal to expand the payment scheme. The proposal came just days after Russia moved...
London stocks edge higher, Sainsbury’s climbs after results
Date: July 5, 2022
(Reuters) – Britain’s equity indexes rose on Tuesday in line with modest gains in Asian markets on hopes of a rollback of U.S. tariffs on China, while supermarket group Sainsbury’s climbed after reporting quarterly sales that matched market expectations. The blue-chip FTSE 100 rose 0.1% by 0715 GMT and the domestically oriented FTSE 250 index...
UK’s new car sales drop 24% to mark weakest June since 1996
Date: July 5, 2022
(Reuters) -British new car registrations fell 24% last month, marking the weakest June in 26 years, as the sector struggled with persistent supply shortage of components and China’s COVID-19 restrictions, industry data showed on Tuesday. New car registrations in Britain fell to 140,958 units, according to final figures from the Society of Motor Manufacturers and...