Morning Bid: No Messi magic for markets
Soccer fans enjoyed an extraordinary final of the World Cup on Sunday as high emotion and intense drama gave way to Lionel Messi leading Argentina to victory against France in a penalty shootout.
Germany’s half-a-trillion dollar energy bazooka may not be enough
Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago.
European stocks eye worst day in over a month on looming energy crisis
European shares were on Monday set for their worst day in more than a month as worries about tightening gas supplies from Russia, hawkish signals from the European Central Bank and weak economic outlook weighed on investors’ minds.
Germany’s gas crisis in charts: Pipeline repair, and then what?
The flow of gas from Russia to Germany through the Nord Stream 1 pipeline stopped on Monday as a planned 10-day maintenance period began. The question is: Will flows then resume?
EXCLUSIVE Germany to overhaul laws to allow energy bailouts – sources
Germany’s government will have the power to take stakes in utilities and impose emergency levies on consumers under proposed legal changes now under discussion, three sources told Reuters, as Berlin moves to beef up energy security.
Exclusive: Nord Stream 2 owner considers insolvency after sanctions
The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.
Uniper secures $11 bln of credit to cope with gas volatility
German utility Uniper (UN01.DE) has secured credit facilities worth up to 10 billion euros ($11 billion) from parent Fortum (FORTUM.HE) and state bank KfW (KFW.UL)in a move to cope with unprecedented volatility in energy markets, it said.
