Finland’s energy agency says risks of power outages this winter increased

HELSINKI (Reuters) -The risk of short power outages has increased in Finland due to uncertainty in domestic production and foreign imports, the Finnish energy authority said on Thursday. National grid operator Fingrid has also warned of potential power blackouts this winter, due in part to the uncertainty surrounding the start-up date of the new Olkiluoto …

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UniCredit completes second share buyback of 1 billion euros

By Valentina Za MILAN (Reuters) – Italy’s second-biggest bank UniCredit said on Thursday it had repurchased 1 billion euros’ ($1 billion) worth of its own shares, meeting its payout goals for the year. UniCredit gained supervisory approval for the second buyback in September, when the European Central Bank judged its capital buffers sufficiently robust to …

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TP ICAP gets crypto exchange license in the UK

(Reuters) -TP ICAP Group has got a license to register as a cryptoasset exchange provider with UK’s financial regulator through its Fusions Digital Assets marketplace, the world’s largest inter-dealer broker said on Thursday. The company, which offers broking services across commodities, credit, equities, FX asset classes, added the crypto exchange platform, which is for institutional …

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Piper Sandler cuts estimates for Apple’s Dec quarter as China worries mount

(Reuters) – Analysts at Piper Sandler on Thursday cut their revenue and iPhone sales estimates for Apple Inc’s December quarter, as Beijing’s strict lockdowns crimp production at the world’s biggest iPhone factory in Zhengzhou, China. The brokerage now expects $119 billon in revenue for the current quarter from an earlier projection of $127.3 billion, with …

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CME cobalt contract use soars above LME as big players join

By Pratima Desai LONDON (Reuters) – Activity in CME Group’s cobalt futures has this year soared far above London Metal Exchange volumes, with sources citing major firms including top producer Glencore as users covering their exposure to the battery metal. Consumers, producers, commodity traders, brokers and banks are backing the CME’s cash-settled contract as they …

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