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 stocks log best session in 6 weeks as cyclicals roar back
By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks locked in gains for a second straight session on Wednesday as strong earnings and a surge in economically sensitive sectors boosted sentiment after…
For some European states, rising debt costs rekindle 2011 crisis memories
By Dhara Ranasinghe LONDON – The rise in European bond yields is alarming some economists, who warn that Italy and Greece in particular do not have much wiggle room before their debt…
European banks weather Ukraine war in Q1 earnings
LONDON – European banks counted the rising cost of war in Ukraine on Thursday as France’s Societe Generale, Credit Agricole and Italy’s UniCredit upped provisions for the conflict without shattering investors’ confidence…
European arm of Russia’s Sberbank to be wound down by year-end
BERLIN – The European arm of Sberbank, Russia’s biggest lender, is to be wound down by the end of the year and creditors will be paid back, Austria’s national bank, the OeNB,…
Upbeat earnings, banks lift European shares
By Sruthi Shankar and Shreyashi Sanyal (Reuters) – European stocks rose on Tuesday after a string of upbeat earnings, while banking shares gained as government bond yields hit fresh highs in anticipation…
European green, social, sustainable bond sales could reach 1.6 trln euros in 2026 – study
By Federica Urso (Reuters) – Sales of Green, Social and Sustainability (GSS) bonds in Europe could total 1.6 trillion euros ($1.68 trillion) by 2026, making up almost half of all new bond…
Citigroup acknowledges trader error in sudden fall of European shares
NEW YORK – Citigroup Inc acknowledged late on Monday that one of its traders made an error in the sudden fall of European shares early in the day. “This morning one of…
Enough nickel, lithium for 14 million EVs in 2023 – European climate group
By Nick Carey (Reuters) – Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more raw materials…
Exclusive-Citi behind trade that caused brief crash in European markets -sources
NEW YORK – The brief crash in Nordic markets on Monday was due to a single sell order placed by Citigroup, according to two sources familiar with the matter. The flash-crash, which…
Several European traders have started to pay for Russian gas in roubles – sources
(Reuters) – Some European traders have started to pay Russia for gas sales in roubles, while large clients have yet to do so, two sources familiar with the matter told Reuters on…
U.S. Attorney Announces Charges Against Two European Citizens For Conspiring With A U.S. Citizen To Assist North Korea In Evading U.S. Sanctions
Damian Williams, the United States Attorney for the Southern District of New York, Matthew G. Olsen, the Assistant Attorney General for National Security, and Michael J. Driscoll, the Assistant Director-in-Charge of the…
European equity funds hit by 10th straight week of outflows -BofA
LONDON – European equity funds suffered a tenth straight week of outflows at $2.9 bln, with financials leading the losses, a BofA report citing EPFR data on Friday showed. According to the…
Inflation outlook may cloud resilient European earnings updates
By Joice Alves and Danilo Masoni LONDON – European companies are forecast to have coped with record inflation in the first quarter, but the big question for investors during the reporting season…
European Commission analysing higher 45% renewable energy target for 2030
By Kate Abnett BRUSSELS -The European Commission is assessing whether the European Union could achieve a higher target of a 45% share of renewable energy by 2030, instead of its proposed 40%,…
European car sales dip for ninth consecutive month in March -ACEA
BERLIN – New car registrations in Europe dropped for the ninth month in a row in March as supply chain problems hampered even further by the war in Ukraine continued to hit…
EV parts maker Schaeffler signs first of a kind European rare earth deal
By Eric Onstad LONDON – German auto parts supplier Schaeffler has signed a raw materials deal to ensure the supply of rare earth magnets from Europe for its burgeoning electric vehicle (EV)…
Mariupol may fall within days, European official says
(Reuters) – The Ukrainian port city of Mariupol could fall to Russian forces within days, a European official said on Tuesday, saying it may suffer more than the town of Bucha, where…
U.S. State Department says defense alliance expansion would promote European stability
WASHINGTON – The United States would not be concerned that an expansion of a defense alliance would do anything other than promote stability in Europe, State Department spokesman Ned Price said on…
Inflation angst sends European stocks lower for third day
(Reuters) – European shares retreated for a third straight session on Wednesday as anxiety about elevated inflation and its potential impact on upcoming earnings season dampened risk appetite. The pan-European STOXX 600…
Russian bank VTB no longer has control of European subsidiary -German regulator
FRANKFURT – Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said on Sunday. The European Union on Friday…
European equity funds notch big inflows in week to April 6
(Reuters) – European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted outflows on…
Analysis-Guns and power: Positioning for new era in European stocks
By Joice Alves and Danilo Masoni LONDON – A month of the war in Ukraine briefly erased a year’s worth of gains for European equities but the continent’s bourses have quickly recovered…
European credit CDS jumps as Fed-speak spooks markets
(Reuters) – The cost of insuring exposure to corporate bonds surged on Wednesday as stock markets tumbled on worries of aggressive U.S. rate hikes hurting growth and further Western sanctions on Russia…
Exclusive – Investors warn European companies over climate accounting
By Simon Jessop LONDON – Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP and Volkswagen, that they could challenge board directors over…
European shares join global rally as Russia-Ukraine peace talks hint at progress
By Susan Mathew and Anisha Sircar (Reuters) -European shares rallied on Tuesday, taking cues from strength in Asian markets and on Wall Street, as peace talks between Russia and Ukraine yielded the…
Breaking News
