Silver Spring Resident Hits $30K Mega Millions Prize, Eyes European Cruise
SILVER SPRING, MD — John Doe of Silver Spring, a dedicated Maryland Lottery player since its inception, recently won a $30,000 Mega Millions prize. The Montgomery County resident plans to spend his…
European borrowers start year with record 170 billion euro debt sale spree
By Yoruk Bahceli (Reuters) – European debt sales have had their fastest start to the year on record as governments and financial institutions take advantage of borrowing costs falling from multi-year highs.…
Credit Suisse set to cut 10% of European investment bankers -FT
(Reuters) – Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers this year, the Financial Times reported on Saturday, citing people with knowledge…
Euro hits 7-month high, European shares briefly drop after U.S. CPI
LONDON (Reuters) – The euro hit a seven-month high, European government bond yields briefly trimmed falls and European shares dipped after data showed an easing in U.S. inflation in December. The U.S.…
Factbox-Activist investor Bluebell’s offensive against European giants heats up
(Reuters) – Activist hedge fund Bluebell Capital Partners shows no sign of halting its run of challenging the policies and executives of some of the world’s biggest companies. The group has taken…
Citigroup cuts U.S. stocks to ‘underweight’, favours European equities in 2023
(Reuters) – Citigroup analysts turned “underweight” on U.S. equities on recession fears but were bullish on European stocks, saying much of the pessimism was already priced-in. The U.S. bank upgraded its view…
There should not be any ‘crash’ in French and European economy – ECB’s Villeroy
PARIS (Reuters) – The French and broader European economy should not suffer any “crash” or “hard landing”, European Central Bank (ECB) member and Bank of France head Francois Villeroy de Galhau told…
Macron wants European response to U.S. IRA to amount to 2% of GDP
PARIS (Reuters) – French President Emmanuel Macron said on Thursday Europe needed an urgent response to the U.S. Inflation Reduction Act to ensure a future for its industry and welcomed the mandate…
Factbox-The European Parliament’s cash-for-influence scandal
BRUSSELS (Reuters) – Belgian authorities have charged four people linked to the European Parliament over allegations World Cup host Qatar lavished them with cash and gifts to influence decision-making. RAIDS AND THE…
European lawmaker Eva Kaili’s stellar rise hit by Qatar probe
By Lefteris Papadimas ATHENS (Reuters) – Eva Kaili’s career charted a meteoric rise from student activism in Greece to the highest echelons of European lawmaking but now faces an equally precipitous fall…
Putin Threatens To Slash Oil Production, Starve European Countries Of Fuel
Putin Threatens To Slash Oil Production, Starve European Countries Of Fuel Jack McEvoy on December 9, 2022 Russian President Vladimir Putin said Friday that his nation may cut crude oil production in…
Hungary’s reforms not enough to unlock EU funds, European Commission says
BRUSSELS (Reuters) – Hungary has not implemented enough reforms to improve anti-corruption safeguards to grant Budapest billions of euros worth of EU funds, the European Commission said on Friday. (Reporting by Charlotte…
European house prices may be on the verge of falling, risk watchdog says
FRANKFURT (Reuters) – European house prices may be on the verge of declining as the economic environment deteriorates and the commercial real estate sector is also at risk, the European Systemic Risk…
European tech industry loses $400 billion market value, report says
By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – The European tech industry saw $400 billion in value wiped out this year and an 18% decline in venture capital funding, according to…
S&P warns of possible trebling of U.S., European default rates
LONDON (Reuters) – Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs…
BlackRock backs banks, cuts European, EM debt as part of ‘new playbook’
By Davide Barbuscia and Marc Jones NEW YORK (Reuters) -Asset manager BlackRock has said 2023 will require a new investment playbook, backing banks and energy sectors to do well, while slapping ‘underweights’…
Rates and recession: European shares face rocky start to 2023: Reuters Poll
By Danilo Masoni MILAN (Reuters) – Tightening financial conditions and the prospect of an economic recession are going to be a toxic brew for European shares going into 2023 with a key…
Stellantis to reorganise European dealer network from July 2023
MILAN (Reuters) – Franco-Italian carmaker Stellantis said on Thursday it would reorganise its European dealers’ network in July next year, starting from Austria, Belgium, Luxembourg and the Netherlands. “The rest of Europe…
Analysis-Investors warm to European corporate bonds after a brutal year
By Harry Robertson LONDON (Reuters) – Investors are moving back into the European corporate bond market after one of the most brutal years in history, lured by juicy yields and hopes that…
European, U.S. demand have become key drivers of metal prices-Trafigura chief
SINGAPORE (Reuters) -Demand from Europe and the United States has become a key driver of global metal prices, along with that from China, as a rise in electrification in those regions boosts…
European companies are tapping bond markets again as investors return
By Chiara Elisei LONDON (Reuters) – European companies are again looking to sell bonds after months of turbulence in world markets as investors warm up to riskier debt, offering the final opportunity…
Macron hosts European CEOs to counter US move temptation
PARIS (Reuters) – French President Emmanuel Macron on Monday will host a dinner with a number of European chief executives to convince them not to move production to the United States, where…
Cellnex says inflation has shut down European phone masts market – FT
MADRID (Reuters) – The European mobile towers market is “pretty much closed” as rising inflation makes it harder for companies to finance new deals and the availability of assets declines, the chief…
European refiners oversupplied as oil shortage fears subside
By Julia Payne and Ahmad Ghaddar LONDON (Reuters) – European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet…
Deutsche Bank CEO warns of ‘danger’ of European reliance on foreign banks
FRANKFURT (Reuters) -Deutsche Bank Chief Executive Christian Sewing on Friday warned of the “danger” of European reliance on foreign banks, equating the threat to the region’s dependence on outsiders for energy that…
Meals company Takeaway, grocery delivery firm Getir in European partnership
AMSTERDAM (Reuters) – Meals delivery company Just Eat Takeaway on Thursday announced a European partnership with online grocer Getir. Under the partnership, Takeaway said, Getir’s groceries will be listed on Takeaway’s platform…
Breaking News
