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France’s Macron sceptical on Russia Odesa grain deal, sees Romania option
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Glencore forecasts more than $3.2 billion in interim trading division profit
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Market positioning suggests more pain for equities despite rout – BofA
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Bordeaux region bans outdoor events as heat wave hits France
Italy’s Nexi buys Intesa’s Croatian retailer payment business for $189 million
Date: June 17, 2022
MILAN (Reuters) – Italian payments group Nexi agreed with Intesa Sanpaolo to acquire the retailer payment business of the lender’s Croatian arm, confirming what sources had previously told Reuters. In a statement on Friday, Nexi said that it would pay 180 million euros ($189.27 million) to purchase PBZ Card’s merchant acquiring business in the Croatian...
UK shares gain at end of turbulent week but set for weekly fall
Date: June 17, 2022
By Devik Jain (Reuters) – UK stocks rose on Friday, with miner Glencore and media company Future gaining on strong outlook, although worries about sluggish economic growth put the main indexes on course for their third straight week of fall. The FTSE 100 index was up 0.6% by 0818 GMT in choppy trading. Shares of...
Britons increase shopping trips, trade down to navigate inflation – Tesco boss
Date: June 17, 2022
LONDON (Reuters) – Britons are making more shopping trips but buying less and trading down to cheaper products to navigate soaring inflation, the boss of Tesco, Britain’s biggest supermarket group said on Friday. “We are seeing higher frequency shopping trips, so there’s an elevation in the number of shopping trips, we are seeing basket sizes...
Russia cenbank hopes for quick decision on restoring ‘budget rule’
Date: June 17, 2022
(Reuters) – The Russian central bank hopes authorities will make a decision on reintroducing the country’s “budget rule” in the near future, Deputy Governor Alexei Zabotkin said on Friday. The budget, or fiscal, rule, which caps Russia’s budget spending, linking it to its non-oil and gas revenues and channels extra oil and gas revenues into...
European shares steady at the end of brutal week
Date: June 17, 2022
(Reuters) -European stocks edged higher on Friday, but were set for sharp weekly losses as a slew of interest rate hikes from major central banks fuelled worries about a sharp economic slowdown. The pan-European STOXX 600 index rose 0.8% in volatile trade, but was still set for a 4% weekly decline in what could be...
Sterling slips as dollar stands tall
Date: June 17, 2022
By Tom Wilson LONDON (Reuters) – Sterling slipped on Friday against a strengthening U.S. dollar, giving up gains made a day earlier after the Bank of England raised interest rates. The pound fell as much as 0.5% against the dollar to $1.2290, off from a one-week high of $1.2405 touched a day earlier. It was...