Article content Russian oil major Rosneft PJSC said this week’s seizure of its German unit was illegal and that it will consider all measures to protect ownership of the assets. Article content Germany’s government took control of Rosneft’s assets, including three oil refineries, as Berlin moved to take sweeping control of its energy industry to […]
Article content France may impose a two-year halt on power exports to Italy as part of its energy saving plan, according to a document sent by Electricite de France SA to Italian authorities. Article content Italy’s government received a communication of the potential power cut by EDF, said a spokeswoman for the Italian ministry of […]
Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Article content Already enduring the euro zone’s steepest inflation, the Baltic region is now finding it’s the most exposed part of the bloc to rising interest rates. Article content Estonia, Latvia and Lithuania have all seen consumer-price gains surge […]
Breadcrumb Trail Links PMN Business Credit Suisse Group AG is financing a foray into a niche corner of the debt markets used to fund real estate at a time when UK property is feeling the strain from rising interest rates. Author of the article: Bloomberg News Adeola Eribake, Carmen Arroyo and Jack Sidders l3zquwr2}iekkkxm7ev9{b2f_media_dl_1.png Bloomberg […]
Breadcrumb Trail Links PMN Business Investors are fleeing equities en masse amid the specter of a recession, with allocations to stocks at record lows and cash exposure at all-time highs, a Bank of America Corp. survey showed. Author of the article: Bloomberg News Sagarika Jaisinghani h]4nl8lvhc1kwdfxhhrr6hdl_media_dl_1.png via Bank of America Corp. Article content (Bloomberg) — […]
Breadcrumb Trail Links PMN Business The Belgian brewer of Delirium Tremens beer is facing a real risk of halting production for the first time in more than a century as Europe’s energy crisis creates unexpected ripple effects across the region. Author of the article: Bloomberg News Lyubov Pronina and Petra Sorge The SKW Piesteritz fertilizer […]
Article content (Bloomberg) — The European Union is considering capping the power-generation revenues of renewable and nuclear companies at 180 euros to 200 euros per megawatt hour as part of an emergency package, according to people familiar with the talks. Article content The European Commission, which is due to unveil on Wednesday an unprecedented plan […]
Breadcrumb Trail Links PMN Business War, a winter of energy rationing, a coming recession that could outlast any American one. Oh, and a newly hawkish ECB. How Europe will surmount its mountain of troubles is anyone’s guess — and investors aren’t sticking around to find out. Author of the article: Bloomberg News Denitsa Tsekova and […]
Breadcrumb Trail Links PMN Business Prime Minister Liz Truss’s plan to spend billions of pounds capping energy prices may help shield British households this winter, but for investors in UK government bonds there’s only more pain in store. Author of the article: Bloomberg News Libby Cherry and Alice Gledhill 8wigu308k18567whr58cq[[}_media_dl_1.png Bloomberg RSS Article content (Bloomberg) […]
Breadcrumb Trail Links PMN Business The European Central Bank delivered an unprecedented three-quarter-point interest-rate hike this week, and another steep adjustment next month remains a distinct possibility in an escalating assault on rampant inflation. Author of the article: Bloomberg News Vince Golle and Molly Smith b{n(y[voielk5dt6l68w4ffb_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Sign up for the […]