MADRID (AP) — Surging energy prices and the Russia-Ukraine conflict are making European leaders think hard about energy security — particularly their decades-old reliance on Moscow for natural gas. The crisis shows Europe’s vulnerability after years of limited progress in completing an “energy union” — a 2015 vision to allow affordable gas and electricity to…
LONDON (Reuters) – The boss of HSBC, one of Europe’s largest banks, said on Tuesday he was concerned about the risk of “wider contagion” for global markets from the deepening crisis in Ukraine. Noel Quinn told Reuters in an interview that while the direct exposure for HSBC was limited, he was alert to wider fallout….
By Simon Jessop, Tommy Wilkes and Lawrence White LONDON (Reuters) – HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank’s sustainability chief told Reuters, marking the first time that Britain’s biggest lender has committed to such a target. More than 100 banks have…
BERLIN (Reuters) -Volkswagen AG is in advanced discussions with Porsche Automobil Holding SE about a potential IPO of the luxury carmaker and the two have negotiated a framework agreement as the basis for preparing such a step, Volkswagen said on Tuesday. The conclusion of an agreement must be approved by the management board and supervisory…
MOSCOW (AP) — Russian lawmakers on Tuesday authorized President Vladimir Putin to use military force outside the country — a move that could presage a broader attack on Ukraine after the U.S. said an invasion was already underway there. Several European leaders said Russian troops rolled into rebel-held areas in eastern Ukraine after Putin recognized…
(Reuters) – London Stock Exchange Group agreed to buy cloud-based technology provider TORA for $325 million, the British stock exchange operator said on Tuesday, adding the rapidly growing digital assets class to its trading capabilities. The potential acquisition of TORA, which supports customers trading multiple asset classes including equities, fixed income and digital assets across…
BRUSSELS (Reuters) – EU member states’ ambassadors will meet on Tuesday morning to discuss possible sanctions against Russia in response to its formal recognition of two breakaway regions of Ukraine, with limited sanctions a possible option, an EU official said. An EU diplomat said separately that the meeting would be an “information point” for the…
STOCKHOLM (Reuters) -Airline SAS reported on Tuesday a wider loss for its November through January quarter and said it would launch a new transformation programme across its business and look to raise new capital. The airline, which is part-owned by the governments of Sweden and Denmark, reported a fiscal first-quarter loss before tax of 2.60…
STOCKHOLM (Reuters) – Airline SAS reported on Tuesday a wider loss for its November through January quarter and said it would launch a new transformation programme across its business and look to raise new capital. The airline, which is part-owned by the governments of Sweden and Denmark, reported a fiscal first-quarter loss before tax of…
HONG KONG (AP) — HSBC PLC on Tuesday reported 2021 profit more than tripled to $12.6 billion as the bank sold its retail business in France and expanded wealth management in Asia. Profit rose despite a 2% decline in revenue to $49.6 billion amid the COVID-19 pandemic’s pressure on commercial customers, the bank reported. HSBC…
