WARSAW (Reuters) – There is currently no place for talk of rate cuts, Polish central banker Joanna Tyrowicz said on Friday, labelling questions about when borrowing costs could start to fall “absurd” under the current circumstances. “There is absolutely no place today for talk of cutting interest rates in countries where inflation is as it …
No place for rate-cut talk, says Polish c.banker Tyrowicz Read More »
By Gabriela Baczynska and John Chalmers BRUSSELS (Reuters) – The European Union was haggling with Hungary on Friday over releasing billions of euros in aid in exchange for Budapest revoking its veto on extending a joint loan to Ukraine and acceding to a minimum global tax. The EU’s executive reiterated that recent changes to improve …
EU locked in intensifying tug-of-war with Hungary over money Read More »
MILAN (Reuters) – Italy’s Banco BPM has repaid on Friday around 12.5 billion euro ($13.2 billion) in loans from the European Central Bank (ECB), a source close to the bank said. The early repayment leaves the Italian third-largest banck with around 26.7 billion euros in outstanding Targeted Longer Term Refinancing Operation (TLTRO) III funds, the …
Banco BPM repaid 12.5 billion euros of ECB loans – source Read More »
BERLIN (Reuters) – Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy ministry document seen by Reuters on Friday. The European Union could set up a programme to promote green technology by combining various funding …
German economy ministry calls for joint EU response to U.S. inflation act Read More »
LONDON (Reuters) -The EU Health Commissioner on Friday proposed delaying the deadline for companies to comply with a new law regulating medical devices from 2024 to as late as 2028, a major change she said is needed to prevent shortages of lifesaving equipment. The announcement, which confirmed a Reuters report on Thursday, follows an outcry …
EU proposes delaying medical devices law by four years to prevent shortages Read More »
MOSCOW (Reuters) – Annual inflation in Russia slowed further in November, but consumer prices rose again in month-on-month terms, data showed on Friday, just one week before the central bank meets for the final time this year to decide on interest rates. Inflation has slowed since accelerating sharply after Russia began what it calls a …
Russian consumer inflation slows to 12% as central bank meeting looms Read More »
(Reuters) -Belgian postal operator Bpost said on Friday that a previously announced review had revealed non-compliance with its policies and indications of non-compliance with applicable laws, calling an end to its boss’ mandate. “The review has been extended to the current concession for the distribution of newspapers and periodicals in Belgium, which revealed elements that …
Bpost’s review shows non-compliance with policies, CEO leaves Read More »
BERLIN (Reuters) -Germany expects to reach a decision next week on how the Schwedt refinery will be supplied as a ban on Russian oil takes effect, the Economy Ministry said late on Thursday. Berlin aims to eliminate imports of oil from Russia by the end of the year, applying European Union sanctions, and has for …
Germany expects decision on Schwedt refinery oil supply next week – ministry Read More »
(Reuters) – French oil giant TotalEnergies is not leaving the Yamal LNG project for now, a source familiar with the matter said on Friday, after the company decided to take a $3.7 billion write-off on its stake in Russia’s Novatek. Yamal LNG produces liquefied natural gas in Russia’s Arctic. When asked if the company was …
TotalEnergies stays in Russia’s Yamal LNG – source Read More »
MILAN (Reuters) – Italy’s UniCredit said on Friday it had repaid around 29 billion euros ($30.56 billion) in loans from the European Central Bank (ECB), a bank’s spokesperson said. The early repayment leaves the group with around 78 billion euros in outstanding Targeted Longer Term Refinancing Operation (TLTRO) III funds. The ECB has given banks …
UniCredit says repaid 29 billion euros of ECB loans Read More »
