Europe Gas Resumes Gains on Fears of Wider Middle East Conflict
European natural gas prices resumed gains on mounting fears that the conflict in the Middle East will widen and affect global flows of the vital fuel ahead of winter.
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Deutsche Bank, ING Face New Blow as ECB Mulls Higher Reserves
European lenders including Deutsche Bank AG and ING Groep NV may suffer yet another setback on their arduous path to winning back investors, this time delivered by the European Central Bank.
Stocks Drop as Traders Cut Risk on MidEast Tension: Markets Wrap
Equities fell as investors responded to the threat of a weekend escalation in the Middle East conflict, driving oil and gold higher. Treasuries rose as yields at multi-year highs drew buyers.
L’Oreal Falls as China Sales Hit by Drop in Travel Retail
L’Oreal SA shares fell after the cosmetics maker reported weaker-than-expected sales growth, hurt by a challenging travel retail market in China and Korea.
Worst-Case War Scenario Could Mean $140 Oil, Says Allianz Trade
War in the Middle East could cause the oil price to surge to $140 a barrel and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.
UK Borrowing on Track to Undershoot as Inflation Boosts Tax
An inflation-induced tax boom has left UK government borrowing on track to come in significantly below official forecasts this year, figures Friday show.
France Plans $1.8 Billion Uranium Plant Expansion to Cut Reliance on RussiaÂ
Orano SA will spend €1.7 billion ($1.8 billion) to expand a uranium-enrichment plant in southern France as countries in the West seek to reduce their reliance on Russian nuclear fuel.
RBI Needs to See Sustained Decline in Inflation to 4%, Das Says
India’s central bank needs to see a sustained easing in inflation to the 4% midpoint of its target band, Governor Shaktikanta Das said.
Vivendi Seeks Telecom Italia Shareholder Vote on KKR’s Network Bid
Vivendi SE, the largest investor in Telecom Italia SpA, wants the phone carrier’s shareholders to vote on an offer from KKR & Co. Inc. to buy the company’s landline network.
Kioxia Is Said to Approach JIC to Back Western Digital Merger
Kioxia Holdings Corp. has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital Corp. and strengthen the combined company’s financial base, according to people familiar with the matter.