By Marek Strzelecki and Robert Muller WARSAW/PRAGUE (Reuters) -Russia’s president said Europe was to blame for its energy crisis with policies that starved the oil and gas industry of investment and said price caps would make it worse, as EU states tri…
Moody’s upgrades Deutsche Bank, latest in string of similar moves
FRANKFURT (Reuters) -Moody’s on Wednesday upgraded Deutsche Bank’s credit rating, a vote of confidence as the German lender concludes a major overhaul. The upgrade to A1 from A2 follows earlier upgrades by Moody’s and other competing ratings agencies a…
BASF to cut costs, jobs in Europe, takes writedown on Nord Stream 1
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – BASF is to reduce annual costs by 500 million euros ($485 million) in Europe up to 2024, including job cuts, as the German chemicals group took a 740 million euro writedown linked to the Nord St…
Crypto.com chooses Paris for European headquarters
(Reuters) – Cryptocurrency platform Crypto.com will set up its European regional headquarters in Paris, the Singapore-based company said on Wednesday. The firm will invest 150 million euros ($145.7 million) in France to support the establishment of its…
Orange says all options on table after report on plans to sell online banking unit
(Reuters) – Orange is considering “all opportunities” for its online banking arm following a report by French paper Les Echos on Wednesday that said France’s biggest telecoms company was planning to sell Orange Bank. “In a very highly competitive envir…
UK watchdog to take action to give private patients access to information
(Reuters) – Britain’s competition regulator said on Wednesday it was set to take enforcement action against healthcare providers over concerns that prospective patients were not being given access to information they need. The Competition and Markets A…
Family’s exit from Ferragamo is “out of the question”, chairman says
MILANO (Reuters) – The Ferragamo family does not plan to exit the eponymous luxury company as it is committed to further developing the brand across the world, Chairman Leonardo Ferragamo told Reuters on Wednesday. “We are working in a very dedicated a…
Euro zone bonds sink as gilt market turmoil rattles global investors
By Amanda Cooper LONDON (Reuters) -Euro zone government bond yields rose on Wednesday, tracking weakness in the UK gilts market after the Bank of England governor gave pension funds and other investors three days to fix their problems before it withdra…
BoE signals to lenders it is prepared to extend bond purchases – FT
(Reuters) -The Bank of England has signalled privately to lenders that it was prepared to extend its emergency bond-buying programme beyond Friday’s deadline if market conditions demanded it, the Financial Times said, citing three sources. Wednesday’s …
US, UK economists back Russian oil price cap in letter to Yellen
By Andrea Shalal WASHINGTON (Reuters) -A price cap on Russian seaborne oil deliveries being developed by the United States and G7 countries could significantly reduce Russia’s revenues while encouraging Moscow to continue to produce oil, 16 economists …