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Euro interbank borrowing rates see biggest daily surge in over 10 years
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EU lawmaker panels object to ‘green’ label for gas, nuclear investments
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Euro most resilient to climate change, yuan most exposed – Barclays
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Scotland’s Sturgeon says nearly ready to outline plan for independence vote
EU cartel raids target fashion designers proposing sales periods, discount changes – sources
Date: June 14, 2022
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators, which raided some fashion companies last month, are focusing on a group of designers who two years ago called for changes in sales periods and discounts, people familiar with the matter said. The European Commission, which did not name the companies nor the countries in which...
EU financial services chief calls for compromise on bank capital
Date: June 14, 2022
By Huw Jones LONDON (Reuters) – European Union financial services chief Mairead McGuinness on Tuesday urged the bloc’s lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine. The EU is approving a law to implement capital requirements agreed...
Pope raps Russian ‘cruelty’ in Ukraine, says invasion violates nation’s rights
Date: June 14, 2022
By Philip Pullella ROME (Reuters) -Pope Francis has taken a new series of swipes at Russia for its actions in Ukraine, saying its troops were brutal, cruel and ferocious and that the invasion violated a country’s right to self-determination. In the text of a conversation he had last month with editors of Jesuit media and...
ECB’s Knot: options for September are not limited to 50 basis points
Date: June 14, 2022
PARIS (Reuters) -European Central Bank policymaker Klaas Knot told French newspaper Le Monde in an interview published on Tuesday that the ECB’s options for a September interest rate hike were not limited to 50 basis points. “If conditions stay the same as they are today, we should increase the rate by more than 0.25 percentage...
UK watchdog proposes tougher curbs on bank branch closures
Date: June 14, 2022
By Huw Jones LONDON (Reuters) -Britain’s banks will have to provide more detailed analysis to justify closing a branch, cutting opening hours or converting a free cash machine to pay-to-use, the Financial Conduct Authority proposed on Tuesday. The UK parliament has become worried that vulnerable customers, particularly in rural areas, are finding it difficult to...
Day of reckoning for Atos as split-up plan, CEO exit spook investors
Date: June 14, 2022
By Mathieu Rosemain PARIS (Reuters) – French IT company Atos spooked investors on Tuesday with a plan to split its operations and sell assets as well as the departure of CEO Rodolphe Belmer, sending its shares plunging by more than 25%. The departure of Belmer, who took over in January, follows weeks of reports of...