News

September 23, 2021 BERLIN (Reuters) -Deutsche Bank sees the logic that there should be consolidation in the European banking sector and the task in hand is to prepare for that outcome, Chief Financial Officer James von Moltke said on Thursday. Hewing closely to the German bank’s standard line on potential mergers, von Moltke told a […]

September 23, 2021 By Marc Jones LONDON (Reuters) – World markets rallied on Thursday after the U.S. Federal Reserve confirmed plans to start reeling in stimulus, Norway became the first rich economy to raise rates since COVID struck and China Evergrande shares leapt ahead of a crucial debt payment. European stocks were up 1% in […]

September 23, 2021 ROME (Reuters) – Energy transition could cost Italy in excess of 650 billion euros ($760 billion) over the next decade and the government must do more to help businesses bear the cost, the head of the employers’ federation said on Thursday. “The national recovery plan provides only 6% of the investment needed […]

September 23, 2021 LONDON (Reuters) – U.S. equity index futures kicked higher and the U.S. dollar’s losses widened against its rivals after a Bloomberg news report that financial regulators in Beijing told embattled property developer China Evergrande to avoid a near-term default on its dollar bonds. Versus a basket of its rivals, the greenback fell […]

Well that was fast. London grocery delivery upstart, Jiffy — which was only founded in April this year — has nabbed $28 million in Series A funding around half a year after initial £2.6M seed raise. It says it’s now raised a total of $35M. The grocery delivery startup operates a network of its own […]

September 23, 2021 MILAN (Reuters) – U.S investment firm 777 Partners said on Thursday it had acquired full ownership of Italy’s oldest soccer club, Genoa, from businessman Enrico Preziosi. 777 Partners will purchase 99.9% of the club’s capital, inject fresh funds and “will assume certain related liabilities,”, it said in a statement, without giving financial […]

September 23, 2021 By Stephanie Kelly NEW YORK (Reuters) – Tech firm Honeywell International Inc and consulting and engineering company Wood are set to launch a technology solution to help companies reduce carbon intensity when making sustainable aviation fuel, the partners said on Thursday. The solution could benefit producers of sustainable aviation fuel, or SAF, […]

September 23, 2021 (Reuters) – Health insurer Cigna Corp on Thursday named Eric Palmer as president and chief executive officer of Evernorth, its health services unit that mainly houses its pharmacy benefit management business. The health insurer also announced several other leadership changes to help accelerate growth across its business portfolio. (Reporting by Mrinalika Roy […]

September 23, 2021 (Reuters) – Euro zone business activity grew at its weakest pace in five months in September as curbs to limit the Delta variant of coronavirus hit demand and supply-chain constraints pushed input costs to a more than two-decade high, a survey showed on Thursday. Despite daily infection rates slowing significantly over the […]

September 23, 2021 ZURICH (Reuters) – The Swiss National Bank is closely monitoring the situation at China’s Evergrande Group, SNB Chairman Thomas Jordan said on Thursday, amid concerns that its debt problems could pose risks to China’s financial system. “It is wrong to be alarmist, but it is also wrong to dismiss it as a […]

September 23, 2021 MELBOURNE (Reuters) -British Prime Minister Boris Johnson has asked his Australian counterpart Scott Morrison to help ease strict quarantine rules to allow the families of England’s cricketers to tour with the players during the upcoming Ashes series. England players are seeking assurances their family members will be allowed to join them in […]

September 23, 2021 By Djaffar Al Katanty GOMA, Democratic Republic of Congo (Reuters) – When the Nyiragongo volcano erupted in May, Serge Makolo only had time to grab his roller skates and a fistful of medals before the magma swallowed his house on the outskirts of Goma in the eastern Democratic Republic of Congo. Everything […]

September 23, 2021 (Reuters) – UEFA said on Thursday it has doubled its prize fund for the 2022 Women’s European Championship to 16 million euros ($18.75 million) with increased guaranteed payments for the 16 qualified teams. European soccer’s governing body said in a statement it had also approved the introduction of a programme which will […]

September 23, 2021 By Belén Carreño MADRID (Reuters) – Surging natural gas prices across Europe could hinder the economic recovery in Spain, where small businesses crucial to local employment are more exposed than elsewhere on the continent to steep rises in power bills. Energy bills have more than doubled in Spain and other European countries […]

September 23, 2021 By Guy Faulconbridge, James Davey and Kate Holton LONDON (Reuters) – Consumers should not panic buy products as Britain is not heading back into a 1970s-style “winter of discontent” of strikes and power shortages, a junior minister said on Thursday. Soaring wholesale European natural gas prices have sent shockwaves through energy, chemicals […]

September 23, 2021 By Andy Bruce LONDON (Reuters) – Britain’s economy lost more momentum this month as businesses grappled again with rising costs, a survey showed, highlighting the difficult backdrop for Bank of England officials ahead of Thursday’s interest rate decision. The preliminary “flash” IHS Markit/CIPS flash Composite Purchasing Managers’ Index dropped for a fourth […]

September 23, 2021 By Victoria Klesty and Nerijus Adomaitis OSLO (Reuters) -Norway’s central bank raised its benchmark interest rate on Thursday as expected, and said more hikes will follow as it joins a short but growing list of nations moving away from emergency-level borrowing costs. Norges Bank’s monetary policy committee raised the sight deposit rate […]

September 23, 2021 MILAN (Reuters) – U.S. private equity firm Apollo Global Management has signed an agreement to sell all of Italy’s Amissima Vita to Bermuda-based Athora Holding Ltd, the Italian insurance company said on Thursday. The deal is subject to regulatory approval and its closing is expected in the first half of 2022, Amissima […]

September 23, 2021 LONDON (Reuters) – S&P Global said on Thursday it has lifted both its euro area economic growth and inflation forecasts for this year, but expected to inflation to fall back below its 2% target next year. The ratings agency said that Europe’s economic recovery since lockdown restrictions were lifted in March-April had […]

September 23, 2021 By Sonali Paul and Koustav Samanta SINGAPORE (Reuters) -Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after two hurricanes. The market was also supported by a return of appetite for risk […]