Stocks stage small bounce as investors weigh cenbanks’ next moves
Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of U.S. Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required.
Morning Bid: Not quite “Together”
On top of surging inflation, rising interest rates and growing global recession risks, markets in Europe are waking up on Monday to the prospect of heightened uncertainty in France — the euro area’s second biggest economy.
Analysis: Europe split on how to spare consumers energy price pain
Proposals from southern European countries to intervene in energy markets have highlighted the difficulty facing an EU summit this week as it seeks to respond to record prices driven by Russia’s invasion of Ukraine.
Exclusive: ECB puts Russians in EU, even residents, under scanner
FRANKFURT/MADRID, March 15 (Reuters) – European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that they are not used to circumvent Western sanctions against Moscow, three sources told Reuters. The instructions from European Central Bank (ECB) supervisors mean tens of thousands of Russians […]
EXCLUSIVE U.S. plans to cut ties with targeted Russian banks if Ukraine is invaded – sources
President Joe Biden’s administration has prepared an initial package of sanctions against Russia that includes barring U.S. financial institutions from processing transactions for major Russian banks, three people familiar with the matter said.
Air France-KLM to seek up to 4 bln euros to repay state aid, shares sink
Air France-KLM (AIRF.PA) plans to raise up to 4 billion euros ($4.6 billion) as it seeks to repay state pandemic handouts, the airline said on Thursday, overshadowing robust earnings on a recovery in air travel and sending its shares down more than 4%.
EXCLUSIVE EU, Gates Foundation to support African medicines agency -source
BRUSSELS, Feb 11 (Reuters) – The European Union and the Gates Foundation are set to announce a package of financial support for the nascent efforts to set up an African medicines regulator in a bid to boost the continent’s drugs and vaccine production, a person familiar with the matter told Reuters. The treaty establishing the […]
Explainer: Europe’s banks fear payment system could be casualty of Russia-Ukraine crisis
Amid fears of a Russian invasion of Ukraine, Italy’s UniCredit has backed out of a potential acquisition in Russia and Austria’s Raiffeisen Bank International has set aside risk provisions for possible sanctions on Russia.
Euro zone mulls how to make governments respect EU fiscal rules
Euro zone finance ministers will start a discussion on Monday on how to change the often-broken EU fiscal rules so that governments actually observe them, a euro zone official said.
Credit Agricole offers to buy Italy’s bank Carige -newspaper
France’s Credit Agricole (CAGR.PA) has offered to buy troubled lender Banca Carige (CRGI.MI) for a euro, Italian daily Il Messaggero said on Thursday, sending shares in the Italian lender up more than 3%.
