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UK spending to help squeezed voters would risk spiralling inflation -minister
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Margin calls hamper European gas price discovery – RWE
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UK’s FTSE 100 falls ahead of Fed decision as miners decline
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Volkswagen sticks to outlook as size offset supply chain woes
Lacklustre earnings, Fed nerves weigh on European shares
Date: May 4, 2022
By Sruthi Shankar (Reuters) -European stocks slipped on Wednesday, dented by disappointing earnings and nerves ahead of a policy decision by the U.S. Federal Reserve, which is expected to hike rates by the most since 2000 to tame inflation. The pan-European STOXX 600 index dropped 0.5% in morning trade, with most regional indexes also trading...
Sterling steady near 21-month low ahead of BoE, Fed
Date: May 4, 2022
LONDON (Reuters) – The British pound was little changed on Wednesday, near its lowest level in 21 months, ahead of central bank meetings at the Federal Reserve and Bank of England (BoE). The BoE policy announcement on Thursday will be the key event for sterling this week, with policymakers expected to raise interest rates for...
N.Korea fires ballistic missile as South prepares for new president
Date: May 4, 2022
By Soo-hyang Choi and Hyonhee Shin SEOUL (Reuters) -North Korea fired a ballistic missile toward the sea off its east coast on Wednesday, South Korea and Japan said, about a week after Pyongyang vowed to develop its nuclear forces “at the fastest possible speed”. The North’s 14th known weapons test this year comes days before...
Aston Martin taps former Ferrari boss Felisa for CEO
Date: May 4, 2022
By Nick Carey and Shanima A (Reuters) – Aston Martin Lagonda on Wednesday named former Ferrari NV boss Amedeo Felisa as its new chief executive officer as the British luxury carmaker works on emulating the Italian carmaker’s success and electrifying its brand. Felisa will take over with immediate effect from Tobias Moers, who joined the...
Euro zone business growth got boost from reopened services in April – PMI
Date: May 4, 2022
LONDON (Reuters) – Business activity in the euro zone accelerated last month as the bloc’s dominant services industry took advantage of a further loosening of COVID-19 restrictions, offsetting a near-stall in manufacturing output growth, a survey showed on Wednesday. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health,...
Factbox-EU proposes toughest sanctions yet against Russia
Date: May 4, 2022
BRUSSELS (Reuters) – The European Commission on Wednesday proposed its sixth and toughest round of sanctions against Russia yet that could be signed off by ambassadors of EU governments later in the week. Below are the main elements of the package: OIL The Commission proposed a complete import ban on all Russian oil, seaborne and...