FRANKFURT (Reuters) -Germany’s gas imports overall are stable, the regulator said on Wednesday, as a 25% drop in flows at Waidhaus on the German border with the Czech Republic was more than compensated by higher volumes from Norway and the Netherlands….
Hungary cenbank raised interest rates by 100 bps in unanimous April vote -minutes
BUDAPEST (Reuters) – Hungarian rate-setters voted unanimously to raise the base rate by 100 basis points to 5.4% on April 26, the minutes of the meeting showed on Wednesday. “The Monetary Council would continue the cycle of interest rate hikes until th…
Gazprom says Ukraine left only one entry point for Russian gas into Europe – RIA
(Reuters) – Russian energy giant Gazprom says that Ukraine has left only one entry point for transiting Russian gas to Europe and that this is undermining the security of gas supplies, RIA news agency reported on Wednesday. Russian gas flows to Europe …
EU proposes tax incentives for equity financing like those for debt
BRUSSELS (Reuters) – The European Commission proposed on Wednesday that companies get tax incentives for raising money through share issues in the same way they do when they borrow, allowing to remove the tax bias favouring corporate debt and make firm…
UK would support whatever Sweden decides on NATO membership – PM Johnson
LONDON (Reuters) – Britain would support whatever Sweden decides around possible future NATO membership, Prime Minister Boris Johnson said on Wednesday. “I’m sure the UK will support whatever of course of action Sweden decides to embark upon and we’ll …
Maire Tecnimont to suspend Russian operations by June as sanctions weigh
(Reuters) – Italy’s Maire Tecnimont said on Wednesday it would gradually suspend all operations in Russia by June if conditions do not improve, after the group found it “increasingly difficult” to carry out projects due to EU sanctions. The order backl…
Philip Morris bets on cigarette alternatives with $16 billion bid for Swedish Match
By Anna Ringstrom STOCKHOLM (Reuters) -Philip Morris International Inc has agreed to buy tobacco and nicotine products maker Swedish Match in a $16 billion deal that aims to cut the U.S. company’s dependence on cigarettes. In a bet on fast-growing mark…
Finance Minister Lindner says Germany seeking way out of ‘crisis mode’
BERLIN (Reuters) – Finance Minister Christian Lindner expressed on Wednesday Germany’s interest in helping Ukraine financially, together with its G7 partners, but stressed that Berlin needed to rein in spending once again by next year. “We must find an…
UK rejects EU proposals to resolve N.Irish trade dispute
By Kate Holton and Elizabeth Piper LONDON (Reuters) -Britain on Wednesday rejected European Union proposals to resolve a standoff over post-Brexit trade rules for Northern Ireland, saying it would not shy away from taking direct action in the latest es…
UK’s FTSE 100 rises on commodity, earnings boost
(Reuters) – UK’s FTSE 100 rose on Wednesday, boosted by a strong earnings update from Compass Group and a jump in commodity stocks ahead of crucial U.S. inflation data that will determine Federal Reserve’s monetary policy. The blue-chip FTSE 100 gained…