By Sara Rossi MILAN (Reuters) – Italy faces a round of credit rating agency reviews over the next few weeks with realistic hopes of an upgrade thanks to a rapidly narrowing fiscal deficit, analysts said, although concerns about Rome’s huge debt pile remain. Markets have long seen Italy’s debt, proportionally the second largest in the …
Italy faces credit rating tests with more hope than fear Read More »
MULTAN, Pakistan (Reuters) -Pakistan set England a tricky victory target of 297 and then reduced the touring side to 36 for two on an eventful third day of the second test to stay on course for a series-levelling victory on Thursday. Salman Agha, dropped twice early in his knock, smashed a belligerent 63 as Pakistan …
Cricket–England stutter in victory pursuit, Pakistan in charge Read More »
By Nidal al-Mughrabi CAIRO (Reuters) -At least 28 Palestinians including children were killed on Thursday in an Israeli strike on a shelter in the northern Gaza Strip, a Gaza health ministry official said, while Israel said the attack targeted tens of militants at the site. Dozens were also injured in the strike, said the official, Medhat …
At least 28 dead in Gaza strike, which Israel says targeted gunmen Read More »
LONDON (Reuters) – The European Central Bank cut interest rates for the third time this year on Thursday, pointing out that inflation in the euro zone is now increasingly under control and the economic outlook has worsened. The euro initially rose following the rate decision, but fell back following stronger-than-expected U.S. data. It was last …
By Jonathan Spicer and Ece Toksabay ISTANBUL (Reuters) – Turkey’s central bank held interest rates at 50% on Thursday as expected but warned that a bump in recent inflation data lifted uncertainty, in a hawkish signal that could reinforce views that policy easing won’t begin until next year. “In September, the underlying trend of inflation …
Turkey’s central bank holds rate at 50%, warns on inflation Read More »
By John Revill ZURICH (Reuters) -Swiss engineering group ABB needs to improve its performance, new Chief Executive Morten Wierod said on Thursday, after the company reported mixed third-quarter results. The maker of factory robots and fast electric chargers, whose numbers are watched closely because they give an insight into the health of the broader economy, …
ABB’s new CEO says company has work to do after mixed Q3 numbers Read More »
By Andres Gonzalez LONDON (Reuters) – Spanish power company Acciona Energia is considering a sale of its hydroelectric business, valued at 1 billion euros ($1.1 billion), according to two sources familiar with the matter. The company has said that selling renewable assets is part of its strategy to strengthen its balance sheet. Acciona Energia has …
Acciona Energia considers sale of $1.1 billion hydro portfolio, sources say Read More »
MADRID (Reuters) – The Madrid regional government on Thursday cancelled the traditional annual herding of flocks of sheep through the centre of the Spanish capital scheduled for Sunday as a preventative measure against a new variant of the bluetongue disease. Bluetongue, spread by insects, can be deadly for domestic ruminants such as sheep, cattle and …
Madrid cancels sheep herding spectacle to avoid bluetongue spread Read More »
BRUSSELS/BERLIN (Reuters) – Germany will continue to help Israel defend itself by supplying weapons, Chancellor Olaf Scholz said on Thursday, adding that Israel must abide by international law and that a two-state solution was the ultimate goal. “For me, however, it is clear that supporting Israel also means that we are constantly ensuring Israel’s defence …
Scholz says Germany will supply Israel with weapons to defend itself Read More »
By Stefania Spezzati LONDON (Reuters) -UniCredit is still awaiting a court decision over whether it must immediately reduce its Russia business to comply with a European Central Bank order, months after filing an objection, people familiar with the situation told Reuters. The near four-month wait for a decision increases pressure on the lender to show …
UniCredit in court limbo over ECB’s Russia demands, sources say Read More »
