Europe Gas Prices Resume Slide as Demand Remains Muted
European natural gas prices declined for a third session amid lackluster demand, even as uncertainty remains about the full restart of LNG terminals in France.
European natural gas prices declined for a third session amid lackluster demand, even as uncertainty remains about the full restart of LNG terminals in France.
Turkish President Recep Tayyip Erdogan said the market-friendly former finance minister Mehmet Simsek is leading an overhaul of economic policy, signaling a possible shift after next month’s elections if the ruling party stays in power.
UK Prime Minister Rishi Sunak suspended a Conservative MP after he was caught on video appearing to offer to lobby on gambling issues in exchange for money.
Saudi Arabia and Iran’s top diplomats met in China on Thursday, the first major step in their efforts to end a decades-long regional rivalry that’s fueled proxy wars and unsettled oil markets.
Temenos AG asked for fresh expressions of interest from potential suitors in recent weeks after takeover talks fell apart last year over price, people with knowledge of the matter said.
One of Britain’s biggest mortgage lenders said house prices are stabilizing after a decline last year, indicating buyers have adapted to a surge in interest rates.
The week draws to an end with a sense of calm in the London market ahead of a four-day Easter break. In a sparse morning for corporate updates, THG announced a deal that could boost its Ingenuity platform, a higher-margin unit which helps rival retailers sell online. In Westminster, officials are still dealing with the fallout from a scandal at Britain’s best-known business group.
Spain is providing 2.1 billion euros ($2.3 billion) to help fund South Africa’s energy transition and water needs, even as some of the world’s richest nations struggle to push forward on a ground-breaking climate-finance initiative with the continent’s most-industrialized country.
India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank.
India unexpectedly left its benchmark interest rate unchanged and pledged to hike again if needed, joining other central banks in pausing as global banking woes add uncertainty to the economic outlook.