By Pablo Mayo Cerqueiro LONDON (Reuters) – WE Soda, the world’s largest producer of natural soda ash, is looking to raise at least $800 million for its parent Ciner Group in an initial public offering (IPO), its chief strategy officer told Reuters, in a show of confidence in London’s capital markets. The ultimate size of…
LISBON (Reuters) – Portuguese consumer prices rose 4.0% year-on-year in May in a significant slowdown from a 5.7% increase the previous month, also slipping slightly on a monthly basis, flash data released by the National Statistics Institute (INE) showed on Wednesday. Core inflation, which strips out volatile food and energy prices, clocked 5.5% year-on-year, down…
MOSCOW (Reuters) – Russia supports Kosovo’s Serbian population and believes their legal rights and interests must be protected, Kremlin spokesman Dmitry Peskov said on Wednesday. Peskov also said Moscow was following with concern the unrest in Kosovo, which has increased sharply since ethnic Albanian mayors took office in the country’s northern Serb-majority area after votes…
WARSAW (Reuters) – Poland’s top court postponed on Wednesday a crucial hearing on the constitutionality of reforms designed to unblock European Union funds due to an insufficient number of judges, the latest hurdle for Warsaw to get the cash. Polish President Andrzej Duda in February asked the Constitutional Tribunal to rule on the constitutionality of…
By Maria Martinez BERLIN (Reuters) -German unemployment rose less than expected in May, showing resilience in the labour market despite difficult economic conditions, labour office figures showed on Wednesday. The Federal Labour Office said the number of people out of work increased by 9,000 in seasonally adjusted terms to 2.573 million. Analysts polled by Reuters…
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling saga nearly over, the state of the global economy hoves back into view – with contrasting interest rate pictures that saw the dollar climb across the board. A deepening contraction of Chinese factory activity this month…
By Aditi Shah NEW DELHI (Reuters) – General Electric’s aviation arm, already expecting to benefit from a boom in Indian domestic air travel, sees an even bigger boost from a surge in international travel that will drive demand for larger jets, its country head said. Engines built by GE Aerospace and partner Safran power about…
By Mathieu Rosemain PARIS (Reuters) – Inflation may be past its peak in France, Bank of France Governor Francois Villeroy de Galhau said on Wednesday, after official data showed inflation cooled more than expected in May. Consumer prices dipped 0.1% over one month, giving an annual inflation rate of 6.0% after 6.9% in April, EU-harmonised…
By Nerijus Adomaitis BERGEN, Norway (Reuters) – Inspections of Norway’s offshore gas pipelines after the Nord Stream blasts found nothing suspicious, an executive at energy major Equinor told Reuters, in the first official word on the security sweep. However, risks remain after last year’s still-unexplained explosions at the Nord Stream pipelines built to carry Russian…
By Noele Illien and Stefania Spezzati ZURICH (Reuters) – Hundreds of Credit Suisse’s employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment…
