By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – European banks appear better positioned than U.S. peers to weather any stress from commercial property after an interest rate surge, but that does not mean Europe is out of the danger zone. Aggressive rate hikes, still working their way through the system, follows a pandemic that…
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down in Asian hours with stocks drifting while the dollar clings to gains from overnight. The prevailing anxious mood is likely to continue as we head into the crucial next few weeks of central bank meetings. A Reuters…
By Li Gu and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s ambitious plan to get its companies listed in London and Zurich stock markets needs fine-tuning, analysts say, as the sparse liquidity in traded Chinese companies there has created market arbitrage opportunities for investors. The Shanghai-London Stock Connect has seen only five Chinese companies issue Global…
By Farouq Suleiman and Tommy Wilkes LONDON (Reuters) – British businesses are struggling to meet their sustainability goals due to rising energy prices, costs associated with international trade barriers and the impacts of the COVID-19 pandemic, a survey showed on Thursday. Almost three quarters of the more than 500 business leaders questioned said their…
By James Pearson and Raphael Satter BELFAST/WASHINGTON (Reuters) -British officials are sounding the alarm over the widespread abuse of surveillance software and hackers-for-hire, saying that thousands of people were being targeted each year by an industry they described as posing an increasingly unpredictable threat. Britain’s National Cybersecurity Centre (NCSC), part of its GCHQ eavesdropping spy…
By James Pearson BELFAST (Reuters) – China is aiming for “global technological supremacy” in cyberspace and is using its cyber capabilities to conduct intelligence and surveillance campaigns, Britain’s cyber chief said on Wednesday. Lindy Cameron, director of the National Cyber Security Centre (NCSC), part of Britain’s GCHQ eavesdropping spy agency, said Britain had a “legitimate…
By Huw Jones LONDON (Reuters) – The rest of the world should copy European Union rules for cryptoassets to create a robust global approach that protects consumers and financial stability, the EU’s financial services chief said on Wednesday. The European Parliament is due on Thursday to rubber stamp the EU’s markets in cryptoassets regulation (MiCA),…
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates. The dollar index, which tracks the currency against…
LONDON (Reuters) – Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. The Swiss lender is trying to recover client funds that Greensill had lent to Katerra, a SoftBank-backed…
LONDON (Reuters) – Pope Francis has gifted fragments believed to be from the True Cross on which Jesus was crucified to form part of a new processional cross which will be used at the coronation of Britain’s King Charles next month. The new cross, made from recycled silver along with Welsh slate and reclaimed wood,…