News

UK midcaps log worst week since early July on recession angst

UK midcaps log worst week since early July on recession angst

By Sruthi Shankar and Devik Jain (Reuters) – UK midcap stocks logged their worst weekly performance since early July on Friday a..

Cycling-Britain’s Bigham sets men’s Hour record

Cycling-Britain’s Bigham sets men’s Hour record

By Martyn Herman (Reuters) -Britain’s Dan Bigham smashed the Hour record when he completed a distance of 55.548 kilometres aroun..

Dutch govt lifts filling target for Bergermeer gas storage facility to 90%

Dutch govt lifts filling target for Bergermeer gas storage facility to 90%

AMSTERDAM (Reuters) – The Dutch government has increased its filling target for the Bergermeer gas storage facility to 90% by No..

France favours gas terminals over new pipeline to tackle crisis

France favours gas terminals over new pipeline to tackle crisis

By Forrest Crellin and Isla Binnie PARIS (Reuters) – A third gas pipeline between Spain and France would cost at least 3 billion..

Analysis-UK slips towards recession, heaping pressure on next PM to help

Analysis-UK slips towards recession, heaping pressure on next PM to help

By William Schomberg LONDON (Reuters) – Britain’s slide towards a recession has gathered momentum after data this week sho..

Record jump in German producer prices adds to gloomy outlook

Record jump in German producer prices adds to gloomy outlook

By Miranda Murray and Paul Carrel BERLIN (Reuters) -German producer prices jumped at the fastest pace on record in July, underscoring ..

Cost-of-living crisis prompts ‘buy now, pay later’ warning from UK’s FCA

Cost-of-living crisis prompts ‘buy now, pay later’ warning from UK’s FCA

By Huw Jones LONDON (Reuters) -People responsible for misleading ‘buy now, pay later’ adverts could face two years in pris..

Wall Street set for losses as more data highlights global woes

Wall Street set for losses as more data highlights global woes

By Elizabeth Howcroft LONDON (Reuters) – European stocks fell on Friday and German government bond yields hit multi-week highs a..

Factbox-Germany’s efforts to tackle energy crisis

Factbox-Germany’s efforts to tackle energy crisis

FRANKFURT (Reuters) – Germany has decided to replace all Russian energy imports, most notably natural gas, by as soon as mid-202..

Safe-haven flows set U.S. dollar for biggest weekly rise since April 2020

Safe-haven flows set U.S. dollar for biggest weekly rise since April 2020

By Joice Alves LONDON (Reuters) – The U.S. dollar index surged on Friday and was on track for its biggest weekly gain since Apri..

Global equity funds attract inflows for second week in a row

Global equity funds attract inflows for second week in a row

(Reuters) – Global equity funds received inflows for a second straight week in the week to Aug. 17, as investors tempered their ..

European shares trip on recession fears as German producer prices surge

European shares trip on recession fears as German producer prices surge

By Anisha Sircar (Reuters) -European shares tumbled on Friday and tracked a weekly loss as the highest-ever jump in German producer pr..

UK midcaps set for weekly loss as consumer confidence slumps to record low

UK midcaps set for weekly loss as consumer confidence slumps to record low

By Sruthi Shankar and Johann M Cherian (Reuters) -UK midcap stocks were set for their worst weekly performance since early July on Fri..

Soccer – Deep pockets needed to persuade Glazers to sell United

Soccer – Deep pockets needed to persuade Glazers to sell United

By Simon Evans MANCHESTER, England (Reuters) – British billionaire Jim Ratcliffe’s interest in buying Manchester United ha..

Oil headed for weekly loss as recession fears cloud demand outlook

Oil headed for weekly loss as recession fears cloud demand outlook

By Shadia Nasralla LONDON (Reuters) -Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a stron..

Online discounts boost struggling UK retailers in July

Online discounts boost struggling UK retailers in July

By David Milliken LONDON (Reuters) -British shoppers spent more than expected last month after being enticed by online shopping deals,..

Britain’s borrowing rises as PM contenders promise more help

Britain’s borrowing rises as PM contenders promise more help

By William Schomberg LONDON (Reuters) -Britain borrowed more than expected in July, official data showed, underscoring the challenge f..

Marketmind: Memo for Britain’s next PM – There’s no stopping bad news

Marketmind: Memo for Britain’s next PM – There’s no stopping bad news

A look at the day ahead in European and global markets from Anshuman Daga Another day, another miserable set of British data. “A..

Samsung Elec breaks ground on new chip R&D centre, plans $15 billion investment by 2028

Samsung Elec breaks ground on new chip R&D centre, plans $15 billion investment by 2028

SEOUL (Reuters) – Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) c..

Bavarian Nordic signs up U.S. firm for packaging monkeypox vaccine

Bavarian Nordic signs up U.S. firm for packaging monkeypox vaccine

(Reuters) – Danish biotech firm Bavarian Nordic said on Thursday it has signed up a U.S.-based manufacturer to package its Jynne..

Cricket-Fiery Stokes revives England but S Africa build good lead

Cricket-Fiery Stokes revives England but S Africa build good lead

LONDON (Reuters) – A fiery spell from captain Ben Stokes dragged England back into the match but South Africa remained the happi..

Next year’s Geneva auto show cancelled -organisers

Next year’s Geneva auto show cancelled -organisers

ZURICH (Reuters) – The Geneva International Motor Show scheduled to take place in February has been cancelled for the fourth yea..

Record numbers resign in France as bargaining power balance shifts -labour ministry

Record numbers resign in France as bargaining power balance shifts -labour ministry

By Myriam Rivet and Tassilo Hummel PARIS (Reuters) – More French employees than ever quit their jobs at the end of 2021 and star..

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

By Elizabeth Howcroft LONDON (Reuters) -Tether, the world’s largest stablecoin, said on Thursday it had appointed accounting fir..

German gas import costs surge 153% in first half as imports drop 24%

German gas import costs surge 153% in first half as imports drop 24%

FRANKFURT (Reuters) – German natural gas import costs rose by 153% in the first six months of 2022 from a year earlier, even tho..

Explainer-Could Germany keep its nuclear plants running?

Explainer-Could Germany keep its nuclear plants running?

FRANKFURT (Reuters) – German utilities have said they may operate the country’s three remaining nuclear reactors beyond th..

Oil up 3% on U.S. crude stocks data, tight supply outlook

Oil up 3% on U.S. crude stocks data, tight supply outlook

By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 3% on Thursday as robust U.S. fuel consumption data and an expected drop..

Dollar bounces as Fed seen keeping up aggressive rate hikes

Dollar bounces as Fed seen keeping up aggressive rate hikes

By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index hit a three-week high on Thursday as investors reevaluated Wednesda..

Asset managers on alert after ‘WhatsApp’ crackdown on banks

Asset managers on alert after ‘WhatsApp’ crackdown on banks

By Iain Withers and Sinead Cruise LONDON (Reuters) – Asset managers are tightening controls on personal communication tools such..

Russia’s Ochakovo ups soft drink bottling capacity as Western rivals leave

Russia’s Ochakovo ups soft drink bottling capacity as Western rivals leave

MOSCOW (Reuters) – Russian drinks producer Ochakovo on Thursday said it had increased the annual bottling capacity of its CoolCo..

Britain to receive rare LNG cargo from Australia, Oman

Britain to receive rare LNG cargo from Australia, Oman

By Marwa Rashad LONDON (Reuters) -Britain is set to receive a rare shipment of liquefied natural gas (LNG) sourced from Australia and ..

Euro zone July inflation confirmed at 8.9% y/y, core measure sharply up

Euro zone July inflation confirmed at 8.9% y/y, core measure sharply up

BRUSSELS (Reuters) – Euro zone inflation reached a new record high of 8.9% year-on-year in July, the EU’s statistics offic..

German heat pump bonanza test industry’s resilience in Russian gas crunch

German heat pump bonanza test industry’s resilience in Russian gas crunch

By Thomas Escritt HOLZMINDEN, Germany (Reuters) – In a way, Stiebel Eltron has never had it so good. The heating manufacturer’..

Norway and New Zealand deliver latest big rate hikes

Norway and New Zealand deliver latest big rate hikes

LONDON (Reuters) -The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled furt..

Bank of England sets out plans to sell $23 billion corporate bond stockpile

Bank of England sets out plans to sell $23 billion corporate bond stockpile

By David Milliken LONDON (Reuters) – The Bank of England set out plans on Thursday to auction off around 200 million pounds ($24..

Poland’s PGNiG in talks to get more gas from Norway through new Baltic Pipe

Poland’s PGNiG in talks to get more gas from Norway through new Baltic Pipe

WARSAW/GDANSK (Reuters) -Poland’s PGNiG is in advanced talks to source more gas from Norway through the new Baltic Pipe linking ..

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

Stablecoin Tether hires BDO Italia for monthly proof-of-reserve reports

By Elizabeth Howcroft LONDON (Reuters) -Tether, the world’s largest stablecoin, said on Thursday it had appointed accounting fir..