By Shashwat Chauhan and Shristi Achar A (Reuters) -London’s FTSE 100 index was subdued on Friday as gains in financials and consumer staple stocks were offset by losses in oil majors BP and Shell, and stronger-than-expected U.S. jobs data also depressed sentiment after a strong week. The blue-chip index closed flat. It rose 0.9% for …
UK’s FTSE 100 index closes flat, logs third-straight weekly gain Read More »
By Alun John LONDON (Reuters) – European government bond yields rose after Friday data showed U.S. employers hired more workers than expected in November and raised wages, complicating the Federal Reserve’s intention to start slowing the pace of its interest rate hikes this month. Germany’s 10-year bund yield, the benchmark for the euro zone, rose …
By Ron Bousso LONDON (Reuters) – British energy giant BP will move its headquarters in central London to a new location in 2024 after agreeing to lease new grounds not far from Trafalgar Square, the company said on Friday. BP sold its 1 St. James’s Square headquarter in late 2020 for 250 million pounds as …
Oil giant BP finds new home for London headquarters Read More »
PARIS (Reuters) – French grid operator RTE on Friday said it had doubled the capacity of a high-voltage power line between France and Belgium, increasing the countries’ ability to maximise available supplies in the event of shortages this winter. RTE said it had been able to increase the capacity of the interconnector between the Belgian …
Franco-Belgian high-voltage power link reinforced to double capacity Read More »
AMSTERDAM (Reuters) -Unions and BP PLC have reached an agreement on pay for workers BP’ large Rotterdam refinery, which had been largely idled this month amid a dispute over wages, unions and the company said on Friday. A union spokesperson said agreement had been reached on a new three-year package including a 6% wage increase, …
BP Rotterdam Refinery resuming operations, vote on union deal Wednesday Read More »
By Richa Naidu LONDON (Reuters) -The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, according to Reckitt Benckiser, the maker of what is now the biggest brand in the market, Enfamil. Panicked parents had earlier this year emptied the baby …
Reckitt expects U.S. infant formula shortage until spring Read More »
By Olesya Astakhova MOSCOW (Reuters) – Russian oil output could fall by 500,000 to 1 million barrels per day (bpd) early in 2023 after the European Union imposes a ban on seaborne imports from Monday, two sources at major Russian producers said. The estimate is at the lower end of market analysts’ forecasts of the …
Analysis-Russian oil revenues could weather EU ban, G7 price cap Read More »
LONDON (Reuters) – Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result of inflation and shrinking revenues in many core business lines amid volatile markets are making bank bosses nervous about profitability in 2023. The following major …
Factbox-Global banks take axe to jobs as cost pressures mount Read More »
DUBLIN (Reuters) – Ireland took in more corporate tax in November than it used to collect in entire years a decade ago, as a recent boom in receipts from multinationals picked up more pace to push the total tax take 25% higher year-to-date. The treasury took 5 billion euros ($5.24 billion) last month, mostly from …
Irish corporate tax boom breaks more records in November Read More »
PARIS (Reuters) – The Council of Europe Development Bank’s shareholder governments have agreed to increase its capital as it boosts lending to help members cope with the Ukraine crisis, the bank said on Friday. The Paris-based multilateral lender was founded in 1956 to help finance the resettlement of refugees and displaced people after World War …
Council of Europe bank gets capital hike to help with Ukraine crisis Read More »
