Euro zone retail sales fell as expected in August

BRUSSELS, Oct 6 (Reuters) – Euro zone retail sales fell in August, data showed on Thursday, pointing to a weakness in consumer demand and underlining expectations of an approaching recession. The European Union’s statistics office Eurostat said retail sales in the 19 countries sharing the euro fell 0.3% month-on-month for a 2.0% year-on-year drop. Economists … Read more

Countries back rewritten EU plan to raise carbon market cash

BRUSSELS, Oct 4 (Reuters) – European Union countries on Tuesday agreed an alternative to an EU plan to use a carbon market reserve to help finance their exit from Russian gas, after fears the original proposal would undermine the bloc’s main climate change policy. As part of its aim to end Europe’s reliance on Russian … Read more

Buying Uniper was ‘a mistake’, Finnish finance minister says

HELSINKI, Sept 28 (Reuters) – Buying Germany’s top gas importer Uniper (UN01.DE) was “a mistake”, Finland’s finance minister Annika Saarikko told Reuters, after its nationalization left both countries with huge losses. Germany agreed to step in to nationalize Uniper, its largest importer of Russian gas, amid a deepening energy crisis that had brought Uniper to … Read more

Countries try to dodge EU’s carbon market fundraising plan

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 23 (Reuters) – European Union countries are hunting for alternatives to an EU plan to use a carbon market reserve to help finance their exit from Russian gas, as some fear the proposal would undermine the bloc’s main climate change policy. As part of … Read more

ECB must end bond reinvestments once their job is done -Nagel

Joachim Nagel, President of Germany’s federal reserve Bundesbank poses for a picture in front of a wallpaper showing gold bars in a safe during a media tour at the Bundesbank headquarters in Frankfurt September 16, 2022. REUTERS/Heiko Becker Register now for FREE unlimited access to Reuters.com Register LUCERNE, Switzerland, Sept 23 (Reuters) – The European … Read more

Markets body urges caution on shorter settlement in Europe

A trader works at the Frankfurt stock exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Timm Reichert Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 21 (Reuters) – Halving settlement time for stock trades in Europe to one business day would be “challenging” and needs full analysis by regulators before any decision is … Read more

ECB to buy fewer bonds from polluting companies

The south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, Sept 19 (Reuters) – The European Central Bank will tilt its purchases of corporate bonds towards companies that emit less carbon, giving each firm a score … Read more

Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 16 (Reuters) – Amazon (AMZN.O) may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue. In July the US online retailer said it would … Read more

Bankers wary of backlash if Britain ditches bonus cap to cut EU ties

The City of London financial district is seen as a person walks over Millennium Bridge in London, Britain, February 16, 2022. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 15 (Reuters) – Scrapping a cap on banker bonuses would be the strongest signal yet that Britain’s new Prime Minister wants … Read more

EU to set out energy market collateral changes by Sept 22

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 17, 2022. REUTERS/Yves Herman Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 14 (Reuters) – The European Union’s securities watchdog will set out plans by Sept. 22 to help ease a liquidity squeeze faced by energy firms, the bloc’s … Read more