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PIMCO cut big position in Russia CDS by adding bonds in Q2

PIMCO cut big position in Russia CDS by adding bonds in Q2

By Davide Barbuscia NEW YORK (Reuters) -PIMCO’s largest investment fund bought..

Euro zone yields steady as German inflation hits nearly 50-yr high

Euro zone yields steady as German inflation hits nearly 50-yr high

LONDON (Reuters) – Euro zone government bond yields steadied on Tuesday just b..

Oil slides more than $3 on inflation and Iraq exports

Oil slides more than $3 on inflation and Iraq exports

By Rowena Edwards LONDON (Reuters) -Oil prices fell by more than $3 a barrel on Tues..

Analysis-France braces for uncertain winter as nuclear power shortage looms

Analysis-France braces for uncertain winter as nuclear power shortage looms

By Forrest Crellin, Silvia Aloisi and Nina Chestney PARIS (Reuters) – France, ..

Shares and bonds stabilise on pause in bad news

Shares and bonds stabilise on pause in bad news

By Lawrence White LONDON (Reuters) – Shares tiptoed higher and Eurozone bond y..

ECB bets boost euro, dollar slips from 20 year peak

ECB bets boost euro, dollar slips from 20 year peak

By Alun John HONG KONG (Reuters) – The euro climbed past parity against a soft..

Vienna power firm denies speculating in futures as it seeks state loan

Vienna power firm denies speculating in futures as it seeks state loan

VIENNA (Reuters) – Vienna’s main power company, which has asked the fede..

Near 50-year high German inflation strengthens case for larger ECB rate rise

Near 50-year high German inflation strengthens case for larger ECB rate rise

BERLIN (Reuters) -German inflation rose to its highest level in almost 50 years in A..

Explainer-Why Russia drives European and British gas prices

Explainer-Why Russia drives European and British gas prices

By Susanna Twidale LONDON (Reuters) – The Nord Stream 1 pipeline that transpor..

Carrefour CEO says inflation crisis turning consumers into penny-pinchers

Carrefour CEO says inflation crisis turning consumers into penny-pinchers

PARIS (Reuters) – Cost-conscious French consumers are ditching fish, buying ch..

ECB must swiftly normalise rates; neutral may not be enough, Knot says

ECB must swiftly normalise rates; neutral may not be enough, Knot says

(Reuters) -The European Central Bank must swiftly normalise interest rates as inflat..

Exclusive-Iraqi Kurdistan’s oil output could halve without investment – documents

Exclusive-Iraqi Kurdistan’s oil output could halve without investment – documents

By Amina Ismail and Maha El Dahan ERBIL (Reuters) – Oil production in the Iraq..

German EU-harmonised consumer prices up 8.8% y/y in August

German EU-harmonised consumer prices up 8.8% y/y in August

(Reuters) – German consumer prices, harmonised to compare with other European ..

EU sets sights on energy market reform as prices soar

EU sets sights on energy market reform as prices soar

By Kate Abnett BRUSSELS (Reuters) -The European Union is drafting emergency plans to..

Polish cabinet backs 2023 budget with 65 billion zloty deficit, PM says

Polish cabinet backs 2023 budget with 65 billion zloty deficit, PM says

WARSAW (Reuters) -The Polish government has approved a 2023 draft budget that envisa..

Toyota’s July global vehicle output drops again, puts annual target in doubt

Toyota’s July global vehicle output drops again, puts annual target in doubt

(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had ..

UK credit card borrowing rises by most since 2005 – BoE

UK credit card borrowing rises by most since 2005 – BoE

By David Milliken LONDON (Reuters) – British credit card borrowing grew at the..

Russia’s Ozon opens Turkish office to help consumer goods flow to home market

Russia’s Ozon opens Turkish office to help consumer goods flow to home market

MOSCOW (Reuters) – Russian e-commerce firm Ozon said on Tuesday it would open ..

China’s big cities, from Dalian to Shenzhen, ramp up COVID curbs

China’s big cities, from Dalian to Shenzhen, ramp up COVID curbs

BEIJING/SHENZHEN, China (Reuters) -Several of China’s biggest cities imposed t..

Britain’s bleak outlook sets sterling to downward spiral

Britain’s bleak outlook sets sterling to downward spiral

By Joice Alves LONDON (Reuters) – Sterling edged lower on Tuesday against the ..

France’s Iliad’s profits jump as sales grow, adapts to energy costs

France’s Iliad’s profits jump as sales grow, adapts to energy costs

By Valentine Baldassari (Reuters) -French telecoms firm Iliad reported higher half-y..

Baidu revenue contracts but beats estimates on cloud business growth

Baidu revenue contracts but beats estimates on cloud business growth

(Reuters) -China’s search engine giant Baidu Inc beat quarterly revenue estima..

Australia demands Apple, Meta, Microsoft share anti-abuse steps, threatens fines

Australia demands Apple, Meta, Microsoft share anti-abuse steps, threatens fines

By Byron Kaye SYDNEY (Reuters) – An Australian regulator sent legal letters to..

Goldman warns UK inflation could top 20% as recession nears

Goldman warns UK inflation could top 20% as recession nears

LONDON/HONG KONG (Reuters) -Inflation in Britain could exceed 20% early next year if..

Equinor, Wintershall Dea eye pipeline to capture CO2 under North Sea

Equinor, Wintershall Dea eye pipeline to capture CO2 under North Sea

OSLO (Reuters) – Equinor and Wintershall Dea will jointly develop carbon captu..

UK pubs warn of mass closures without state support on energy bills

UK pubs warn of mass closures without state support on energy bills

LONDON (Reuters) – Britain’s pub and brewing industry on Tuesday called ..

Spain August 12-month inflation slows to 10.4% YoY; oil gives a break

Spain August 12-month inflation slows to 10.4% YoY; oil gives a break

(Reuters) – Spanish domestic consumer prices have eased despite remaining high..

Less than 10% of German gas levy to go to firms that don’t need it, says Habeck

Less than 10% of German gas levy to go to firms that don’t need it, says Habeck

BERLIN (Reuters) – Only a small part of a gas levy on German consumers will be..

Rouble firms in early Moscow trade, Russian stocks hit 2-month high

Rouble firms in early Moscow trade, Russian stocks hit 2-month high

(This content was produced in Russia where the law restricts coverage of Russian mil..

Switzerland’s engineering sector urges country to start energy saving now

Switzerland’s engineering sector urges country to start energy saving now

ZURICH (Reuters) – Switzerland’s mechanical and electrical engineering s..

Banks lift European bourses as rate hike, recession fears grow

Banks lift European bourses as rate hike, recession fears grow

By Anisha Sircar (Reuters) -European shares rose on Tuesday following a two-day slum..

O’Grady to return to Bank of Ireland as CEO – Irish Times

O’Grady to return to Bank of Ireland as CEO – Irish Times

DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’..

Parched UAE turns to science to squeeze more rainfall from clouds

Parched UAE turns to science to squeeze more rainfall from clouds

By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off und..

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker So..

PIMCO cut big position in Russia CDS by adding bonds in Q2

PIMCO cut big position in Russia CDS by adding bonds in Q2

By Davide Barbuscia NEW YORK (Reuters) – PIMCO’s largest investment fund..

Toyota’s July global vehicle output drops again, puts annual target in doubt

Toyota’s July global vehicle output drops again, puts annual target in doubt

(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had ..

Rate fever propels dollar, wallops stocks and bonds

Rate fever propels dollar, wallops stocks and bonds

By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks ..