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Research Reports
Global Insolvency Report: Growing risks and uneven state support
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Allianz Trade Insolvency Report 2022
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China lockdowns, war risk derailing global jobs recovery: ILO
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Factbox-Groups at the heart of Turkey’s objections to NATO expansion
German business morale rises in May on buoyant services sector
Date: May 23, 2022
By Rachel More and Rene Wagner BERLIN (Reuters) -German business morale rose unexpectedly in May thanks to a pick up in the services sector in Europe’s largest economy that helped offset the impact of high inflation, supply chain problems and the war in Ukraine, a survey showed on Monday. The Ifo institute said its business...
ECB likely to get out of negative rates by September, Lagarde says
Date: May 23, 2022
FRANKFURT (Reuters) -The European Central Bank is likely to lift its deposit rate out of negative territory by the end of September and could raise it further if it sees inflation stabilising at 2%, ECB President Christine Lagarde said on Monday. She was accelerating an already sharp policy turnaround, which has seen her go from...
Siemens Gamesa turnaround will take years, main owner says after $4.3 billion bid
Date: May 23, 2022
By Isla Binnie and Christoph Steitz MADRID/FRANKFURT (Reuters) -Siemens Energy warned on Monday that a turnaround at Siemens Gamesa will take several years, adding a 4.05 billion euro ($4.3 billion) bid to buy out minorities of the struggling wind turbine unit was the only way to fix the issues. “It’s nothing which will go fast,”...
European shares rise on upbeat German business morale, M&A cheer
Date: May 23, 2022
By Susan Mathew (Reuters) -European shares rose on Monday as an unexpected rise in German business morale underscored the resilience of the region’s largest economy, while wind turbine maker Siemens Gamesa jumped on a $4.28-billion takeover offer from its biggest investor. After rising as much as 1.3% in early trade, the pan-European STOXX 600 index...
Hungary must work with EU on Russian oil embargo – German economy minister
Date: May 23, 2022
DAVOS (Reuters) -German Economy Minister Robert Habeck has warned Hungary against blocking efforts to impose an European Union-wide embargo on Russian oil imports in response to the war in Ukraine. “There are different solutions for different countries,” Habeck said at the World Economic Forum in Davos on Monday. “I expect everyone, including Hungary to work...
Sterling at 2-week highs vs broadly weaker dollar
Date: May 23, 2022
By Lucy Raitano LONDON (Reuters) – The pound rallied on Monday, persisting at more than two-week highs against a broadly weaker dollar, as traders await key data on the UK’s manufacturing industry this week. By 0836 GMT sterling was up 0.46% against the dollar at $1.25530, its highest level since May 5. The strength of...