capital-and-liquidity
Top StoriesRio Tinto Tempers Annual Iron Ore Shipments Outlook as Demand Weakens
Top StoriesCredit Suisse Shares Slip Despite Moves to Soothe Investor Concerns
Top StoriesCredit Suisse Executives Reassure Investors After Cds Spike, Financial Times Reports
Top StoriesKing Charles Arrives at Airbase Near London
Europe Power Firms Need 1.5 Trillion Euros in Margin Calls, Equinor Says
Date: September 7, 2022
By Marwa Rashad LONDON (Reuters) -European energy companies need at least 1.5 trillion euros ($1.5 trillion) to cover the cost of their exposure to soaring gas prices, Norwegian energy group Equinor has estimated, and that does not include firms in Britain. Several European countries are providing billions of euros in support to power suppliers caught...
Austria Grants Credit Line to Vienna Utility Squeezed by Power Price Surge
Date: August 31, 2022
VIENNA (Reuters) – Austria’s government on Wednesday granted a 2 billion euro ($2 billion) credit line to the City of Vienna for the power firm it owns, Wien Energie, after the company asked for help covering its futures margins because of surging market prices. A leap in prices following Russia’s invasion of Ukraine has increased...
Factbox-U.S., European Banks Could Lose Over $5 Billion From Risky Buyout Loans
Date: August 17, 2022
NEW YORK (Reuters) – Major U.S. and European banks are facing tougher times in the riskiest parts of the loan market. The biggest U.S. lenders, including Bank of America and Citigroup, wrote down $1 billion in the second quarter on leveraged and bridge loans as rising interest rates made it tougher for banks to offload...
Steel Pipemaker Vallourec Expects Full-Year Core Profit Jump
Date: July 27, 2022
By Elena Vardon (Reuters) – Vallourec expects a big jump in 2022 core profit to between 650 million and 750 million euros ($659-$760 million), the French steel pipemaker said on Wednesday, even though its iron ore mine in Brazil is not operating at full capacity. Its previous guidance was for a result “significantly above” 2021...
BoE May Force Banks to Use Buffers in a Crisis, Official Says
Date: July 14, 2022
By Huw Jones LONDON (Reuters) – The Bank of England may oblige all banks to tap their capital buffer and stop paying dividends in a crisis to avoid a vacuum in lending to households and businesses, one of its senior officials said on Thursday. Banks were reluctant to use up some of their capital buffers...
Finnish Elevator Maker Kone Cuts 2022 Outlook After Weak China Sales
Date: July 14, 2022
HELSINKI (Reuters) -Elevator maker Kone on Thursday lowered its sales and profit outlook for this year due to lower-than-expected second quarter sales and weakened new equipment market outlook in China. Lockdowns to curb the spread of coronavirus in China, which accounts for 35% of Kone’s sales, had resulted in net sales declining by close to...