Europe is racing to prepare for this winter’s energy crisis

Spain may close energy-intensive industries at peak times France prepares to send gas to Germany in October Germany will sign LNG contracts in the UAE Berlin is still working on rescuing Uniper BERLIN / PARIS, 19 Sept. (Reuters) – European governments on Monday outlined new measures to address potential energy shortages this winter and competed … Read more

EXCLUSIVE India’s top lender asks exporters to trade with Bangladesh in rupees, taka

New Delhi, Sep 19 (Reuters) – The State Bank of India (SBI.NS), the largest lender, has asked exporters to avoid entering into deals with Bangladesh in dollars and other major currencies as it seeks to curb exposure to foreign reserves. decline in Dhaka, according to an internal document and a source. Bangladesh’s $ 416 billion … Read more

The Italian right-wing bloc ready for electoral victory: five questions for the markets

Register now for FREE unlimited access to Sign in MILAN, 19 Sept. (Reuters) – Italy’s right-wing bloc looks set to win a majority in both houses of parliament in next Sunday’s elections, at a time when soaring energy prices and rising interest rates create challenges increasing for the heavily indebted state. Giorgia Meloni, leader … Read more

Column: G7 could pay more attention to FX: Mike Dolan

G7 trade and economy ministers line up for a family photo in front of Neuhardenberg Castle, Germany, September 15, 2022. REUTERS / Annegret Hilse Register now for FREE unlimited access to Sign in LONDON, 16 Sept. (Reuters) – Japan may seem like a lone voice in the Group of Seven calling for some currency … Read more

Column: Oil prices and financial markets prepare for recession

LONDON, 15 Sept. (Reuters) – US economic data remains solid, but a number of financial indicators point to a sharp slowdown in the coming year that would dampen oil consumption and lead to lower prices. The apparent contradiction between the real economy and financial markets has puzzled some commentators, but it is normal around a … Read more

US equities slide as yields rise, the Fed in the center

Register now for FREE unlimited access to Sign in The Fed looms large markets, the dollar goes up Oil collapses on demand concerns, US rail strike averted Treasury yields rise as oil gold plummets NEW YORK, Sept. 15 (Reuters) – Wall Street indices were firmly in the red after an unstable start to Thursday’s … Read more

The eyes of the EU are forcing fossil fuel companies to help consumers survive the energy crisis

Register now for FREE unlimited access to Sign in BRUSSELS, Sep 12 (Reuters) – Fossil fuel companies may have to share their excess profits to help European households and industries cope with scorching energy bills, a European Union draft plan showed on Monday how the cost of “war.” energy “of the West with Russia … Read more

The collapse of the technical indicators of the US stock market flashes the warning sign

Register now for FREE unlimited access to Sign in NEW YORK, Sept. 9 (Reuters) – Indicators investors use to gauge the health of the US stock market have taken a turn for the worse, fueling fears that the benchmark may revise its mid-June low. The S&P 500 (.SPX) has been down 7% since mid-August … Read more

A year later, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, Sept. 7 (Reuters) – A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was to be built – a circular metropolis fueled by a volcano – it’s still a dense jungle. President Nayib Bukele had promised that “Bitcoin City” would be a tax … Read more

The UK weighs a huge support package as Europe fights the energy crisis

Mecklenburg-West Pomerania State Premier Manuela Schwesig and Bavarian State Premier Markus Soeder visit a Baltic Sea Pipeline Link Pipeline Transfer Station near Lubmin, Germany on August 30, 2022. REUTERS / Lisi Niesner Register now for FREE unlimited access to Sign in The UK will freeze energy bills for this winter and next – BBC … Read more