ZURICH (Reuters) – Swiss engineering and technology group ABB has been fined 4 million Swiss francs ($4.3 million) by the…
G7 price cap on Russian oil kicks in, Russia will only sell at market price
By Jan Strupczewski BRUSSELS (Reuters) – The Group of Seven price cap on Russian seaborne oil came into force on…
Russian banks snap up $17.7 billion at central bank repo auctions
MOSCOW (Reuters) – Russian banks raised 1.1 trillion roubles ($17.71 billion) at repo auctions held by the central bank on…
Explainer-Why the U.S. Inflation Reduction Act has Europe up in arms
By Leigh Thomas PARIS (Reuters) – Top European Union officials will use a trade meeting with U.S. counterparts on Monday…
ECB’s Makhlouf says he can see scenarios where rates go beyond 3%
DUBLIN (Reuters) – European Central Bank policyamker Gabriel Makhlouf said he could see scenarios where the ECB pushes interest rates…
Marketmind: China reopening as volatility ebbs
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. A punchy U.S. jobs…
ECB’s Makhlouf expects 50 bps rate hike in December
(Corrects first paragraph to say rates ‘may have to move into restrictive territory’, not ‘would have to’) By Padraic Halpin…
ECB’s Makhlouf expects 50 bp rate hike on Dec. 15
DUBLIN (Reuters) – European Central Bank governing council member Gabriel Makhlouf told journalists on Monday that he expects the bank’s…
Putin ally Kudrin accepts tech giant Yandex’s offer of advisory role
By Alexander Marrow MOSCOW (Reuters) -Alexei Kudrin, a longtime ally of Russian President Vladimir Putin, said on Monday he would…
UK economy set to shrink in Q4 after November services weakness – PMI
LONDON (Reuters) – Britain’s services sector shrank slightly for a second month running in November, as cost-of-living pressures for households…