By Joseph Nasr and Mark Trevelyan BERLIN/LONDON (Reuters) -Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to “blackmail”. Putin’s move, via a decree signed on Thursday, leaves Europe facing the prospect…
By Tim Hepher BRUSSELS (Reuters) -The boss of Irish budget carrier Ryanair raised the stakes in a feud with Boeing over jet prices by saying he could do without a long-stalled deal to buy the 737 MAX 10 – even as Boeing appeared to woo his arch-rival easyJet. The latest salvo in a dispute between…
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) and state lender CDP are expected to start formal negotiations over a potential merger of TIM’s network assets with those of state backed Open Fiber, two sources familiar with the matter said. The negotiations would come as TIM boss Pietro Labriola presses ahead with a standalone…
By Joseph Nasr and Mark Trevelyan BERLIN/LONDON (Reuters) – Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to “blackmail”. Putin’s move, via a decree signed on Thursday, leaves Europe facing the…
By Lisa Pauline Mattackal (Reuters) – The United States is unlikely to face an economic recession in the next two years despite bond markets flashing warning signs, inflation at its highest in decades and rising geopolitical risks, portfolio managers at PIMCO and Amundi said. A closely monitored part of the U.S. Treasury yield curve briefly…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending barely rose in February as an increase in spending on services was offset by declining purchases of motor vehicles and other goods, while price pressures mounted, with annual inflation surging by the most since the early 1980s. But the report from the Commerce Department on Thursday showed…
(Reuters) – The Dow and S&P 500 opened lower on Thursday as investors focused on the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, with the main indexes set for their worst quarter since the pandemic crash in 2020. The Dow Jones Industrial Average fell 27.29 points, or 0.08%, at the…
LONDON (Reuters) – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine…
By Philip Blenkinsop BRUSSELS (Reuters) – Raising the drawbridge has been a response to war and pestilence throughout human history, and the tumultuous winter of 2022 has similarly led trading nations to turn inward – though talk that the era of globalisation may be winding down seems premature. The damage to international commerce stemming from…
(Reuters) – U.S. stock futures were subdued on Thursday as investors focused on the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, with the main indexes on course for their worst quarterly performance since the pandemic crash in 2020. Much of the optimism seen earlier this week around the peace talks…
