Russian rouble weakens as market takes stock of rate cut
The Russian rouble weakened in jittery Moscow trade on Monday, adjusting to the central bank’s decision to slash interest rates on Friday, and as a rouble-supportive tax-payment period reaches its peak.
GLOBAL ECONOMY Global slowdown fears darken as cost of living bites
The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday.
Exclusive: Citi, Raiffeisen, other foreign banks seek staff in Russia as they struggle to exit
Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International (RBIV.VI), have started looking for staff this month after Russian authorities moved to block them exiting the country, industry sources and a recruiting company said.
Russia resumes gas flows via Nord Stream, Europe still wary
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had warned that flows could be cut further or stopped.
ECB to join rate hike club with big move under discussion
The European Central Bank will raise interest rates for the first time in 11 years on Thursday with a bigger-than-flagged move seen as increasingly likely as policymakers fear losing control of runaway consumer price growth.
Euro holds near 2-week high, awaits ECB and Nordstream clarity
The euro held near two-week highs versus the dollar on Wednesday on expectations of a bigger ECB interest rate increase this week than earlier anticipated and a Reuters report that a key Russian gas pipeline would reopen on time after maintenance.
Oil prices slip ahead of U.S. inventory data
Oil prices fell more than $1 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation and ahead of expected builds in U.S. crude inventories as fuel demand weakens.
Analysis: Banks’ snubbing of junk-rated loan funds worsens financing logjam
A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the financial market downturn, fund managers and investors said.
Key Trends in Learning and Development in the Energy Sector
Every part of the world’s economy has been affected by climate change; Covid19 and the new ways of working this has produced; the events in the Ukraine and related political sanctions. Yet no industry has been as heavily affected by all these as the energy sector – and it’s using digital learning to move forward.
TomTom sticks with revenue and cashflow guidance, giving shares a boost
Dutch digital mapping group TomTom (TOM2.AS) on Friday confirmed its revenue and cashflow guidance for 2022 and 2023, boosting its shares, after reporting a bigger-than-expected second-quarter loss, citing high inflation and strained supply chains.
