By Chiara Elisei and Amanda Cooper LONDON (Reuters) – Confidence in European banks deteriorated further on Friday, with the cost of insuring against a debt default rising sharply as the profit outlook for the sector dimmed. Global banking shares and broader markets have been rocked since the sudden collapse this month of two U.S. regional …
Confidence in European banks plunges again as profit outlook dims Read More »
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – The head of Bayer’s pharmaceuticals unit said he hopes a recent European Union decision to postpone rule changes for the pharmaceutical industry means that a cut in intellectual drug property protection will be reconsidered. “I hope that this delay means that there is an opportunity that …
Bayer exec says he hopes EU takes time to improve drug rules reform Read More »
By Samuel Indyk LONDON (Reuters) -The Swiss franc hasn’t lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a boost to the value of the gold in Switzerland’s bullion vaults than to its currency. Money managers ditched the Swiss franc at the fastest rate …
Swiss franc grapples with safe-haven identity crisis after Credit Suisse Read More »
BERLIN (Reuters) – There are still questions to clarify between Germany and the European Commission regarding permitting cars using synthetic fuels beyond the EU combustion engine car phase-out in 2035, Germany’s transport minister said on Friday. “There are still questions to be answered. We’re not fully in agreement yet,” Volker Wissing told a news conference …
No agreement yet between Germany and EU over e-fuels – transport minister Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The European Central Bank reassured European Union leaders on Friday that euro zone banks were safe but called on them to push on with an EU deposit insurance scheme, officials said. On the second day of talks in Brussels, EU leaders discussed economic issues, including changes to the bloc’s …
ECB reassures EU leaders on bank stability, calls for EU deposit insurance Read More »
By Elizabeth Pineau and Ingrid Melander PARIS (Reuters) -President Emmanuel Macron on Friday said he would press ahead with reforms, dodging a union leader’s call to suspend a new pension law amid some of France’s worst street violence in years. There were violent clashes across the country on Thursday evening on the fringes of otherwise …
France’s Macron says will not yield to pension protests Read More »
(Reuters) – Russian forces attacked northern and southern stretches of the front in Ukraine’s eastern Donbas region on Friday, pressing on with their offensive despite assertions from Kyiv that Moscow’s assault was flagging near the city of Bakhmut. WAR ZONE * Some 10,000 Ukrainian civilians, many elderly and with disabilities, are clinging on to existence …
Russia’s war on Ukraine latest: Kyiv prepares to launch counteroffensive Read More »
By Muvija M and Kylie MacLellan LONDON (Reuters) -British Prime Minister Rishi Sunak stressed the importance of upholding democratic values when he received Israeli counterpart Benjamin Netanyahu for talks on Friday, referring to a move to overhaul Israel’s judiciary that has stirred mass protests. Netanyahu has faced weeks of uproar over his religious-nationalist coalition’s pursuit …
UK’s Sunak raises concerns over Israel’s judiciary with Netanyahu Read More »
By Huw Jones LONDON (Reuters) -Rules inherited from the European Union that crack down on abuses in financial markets need updating to ensure regulators can tackle breaches, Britain’s finance ministry and Financial Conduct Authority (FCA) said on Friday. The criminal market-abuse regime, which sets out sanctions for insider dealing and manipulative behaviour in markets, was …
Britain to bolster post-Brexit criminal sanctions to keep markets clean Read More »
By Suban Abdulla and David Milliken LONDON (Reuters) -British businesses reported a second month of growth in March, suggesting the overall economy expanded in early 2023, and they also turned more upbeat about their prospects in the year ahead, an industry survey showed on Friday. The ‘flash’ or preliminary reading of the S&P Global/CIPS UK …
UK business survey points to Q1 growth and growing confidence Read More »
