By Sinéad Carew and Marc Jones NEW YORK, LONDON (Reuters) – Stocks reversed course to rally sharply higher after MSCI’s global stock index lurched to a July 2020 low and the dollar gave up strong gains as investors digested a red hot U.S. inflation rea…
Merkel: no regrets on energy policy with Russia
LISBON (Reuters) – Former German chancellor Angela Merkel said on Thursday she had no regrets about the course her government took with its energy policy and Russia during her time in power, which critics say left Europe’s biggest economy too dependent…
Codelco offers 2023 European copper premiums at record high -sources
LONDON (Reuters) -Chile’s Codelco, the world’s biggest copper miner, is offering to sell copper to European buyers at a record high premium around $235 a tonne for 2023, a rise of 85% from 2022, two sources familiar with the matter said. The premiums s…
Oil prices rise on low diesel stocks ahead of winter
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices traded about 2% higher on Thursday, reversing course, as low levels of diesel inventory ahead of winter helped investors shrug off higher-than-expected stocks of crude and gasoline. Brent crude futures…
Five EU countries propose two options to cap gas prices
ATHENS (Reuters) – Greece and four other EU countries on Thursday made a joint request to the European Commission to explore two options to cap soaring gas prices and propose possible solutions in a bid to tame surging energy costs, the Greek energy mi…
Italian state bodies to approve new LNG terminal – commissioner
FLORENCE, Italy (Reuters) – Italian state bodies, including the influential National Health Institute, are expected to give a positive opinion, albeit conditional, on setting up a new terminal for liquefied natural gas (LNG), the special commissioner f…
Germany’s Lindner: Ukraine can rely on G7 finance support in times of war
By Andrea Shalal WASHINGTON (Reuters) -Leaders from the Group of Seven (G7) rich nations have assured Ukrainian officials that they will continue to provide financial support for Ukraine as it battles invading Russian forces, Germany’s finance minister…
Poland repairing oil pipeline, says no indication of sabotage
WARSAW (Reuters) – Repairs to a pipeline carrying Russian oil to Germany have begun and Poland does not think the incident was sabotage, the top Polish energy security official told Reuters on Thursday. The discovery of a leak in the main route carryin…
‘Radicalised teenager’ killed two outside Slovakia gay bar – PM
BRATISLAVA (Reuters) -A “radicalised teenager” shot dead two people outside a gay bar in Slovakia’s capital Bratislava, Prime Minister Eduard Heger said. A gunman killed two people and wounded another near the Teplaren bar in the city centre on Wednesd…
UK’s Kwarteng refuses to rule out tax U-turn as pressure grows on Truss
By William Schomberg and Muvija M LONDON (Reuters) -British finance minister Kwasi Kwarteng refused to say on Thursday if he would stick with his plan not to raise business taxes as media reported Prime Minister Liz Truss was rethinking an economic pro…