EU

Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.comRegisterDollar index at two-decade highEuro slides back toward two-decade lowsPutin announces partial troop mobilization for UkraineMarkets gauging Fed hawkishness in Powell briefingLONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected aggressive Federal Reserve interest rate hike, …

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Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak timesFrance prepares to send gas to Germany in OctoberGermany to sign LNG contracts in UAEBerlin still working on Uniper bailoutBERLIN/LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures to conserve energy, with …

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European stocks extend losses as slowdown warnings weigh

Register now for FREE unlimited access to Reuters.comRegisterLONDON, Sept 16 (Reuters) – European stocks dipped on Friday and Europe’s benchmark German 10-year bond yield hit its highest since mid-June as investors braced for a U.S. rate hike while warnings from the World Bank and the International Monetary Fund fanned fears of a slowdown.The World Bank’s …

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Google loses challenge against EU antitrust decision, other probes loom

Register now for FREE unlimited access to Reuters.comRegisterLUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court upheld a ruling that it broke competition rules and fined it a record 4.1 billion euros, in a move that may encourage other regulators to ratchet up pressure on …

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Google faces $25.4 billion damages claims in UK, Dutch courts over adtech practices

Register now for FREE unlimited access to Reuters.comRegisterBRUSSELS, Sept 13 (Reuters) – Alphabet unit Google (GOOGL.O) will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on behalf of …

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European shares, euro jump on Ukrainian advances in northeast

Register now for FREE unlimited access to Reuters.comRegisterLONDON, Sept 12 (Reuters) – European shares jumped on Monday after Ukrainian forces made a rapid advance in Kharkiv province in Russia’s worst setback since its Kyiv push was abandoned in March, while the euro extended on last week’s European Central Bank inspired gains.On Saturday, Moscow abandoned its …

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EU to claw back energy firms’ profits rather than cap Russian gas price

Register now for FREE unlimited access to Reuters.comRegisterEU countries ask bloc to propose windfall revenue capMinisters also request EU proposal on gas price capCountries resist EU proposal to cap Russian gas priceBRUSSELS, Sept 9 (Reuters) – EU energy ministers on Friday tasked the European Commission to press ahead with a cap on the revenues of …

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ECB promises more rate hikes after unprecedented increase

Register now for FREE unlimited access to Reuters.comRegisterRaises deposit rate to 0.75% from zeroEuro zone inflation uncomfortably high and risingNew ECB forecasts show higher inflation, lower growthMore rate hikes flaggedDownside growth scenario already materialisingFRANKFURT, Sept 8 (Reuters) – The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday …

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