Analysts lower EU carbon price forecasts on weak industry, power demand
LONDON, Oct 13 (Reuters) - Analysts have lowered price forecasts for EU carbon permits for 2024 and 2025 on expectations...
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Global stocks weighed down by inflation jitters
Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square,...
Dollar gains after US consumer prices rise more than expected
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis...
Morning Bid: A window into the Fed’s thinking
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023....
Blow-out U.S. jobs growth buoys dollar, hits stocks and bonds
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022....
Macquarie weighs sale of stake in UK offshore wind farm Race Bank -sources
LONDON, Oct 6 (Reuters) - Macquarie (MQG.AX) is considering selling its 25% stake in Race Bank, a 573 megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter.The infrastructure group is working with advisors on the sale, which could value the wind farm at up to 3 billion pounds ($3.66 billion), one of the people said. Race Bank started production in 2018 and provides enough power for the equivalent consumption of more than 510,000 homes, according to the website of Orsted (ORSTED.CO),...
‘Europe isn’t profitable’ – Solar industry warns of hurdles to EU’s green tech drive
Solar panels are seen atop a hops plantation in the Bavarian Holledau region in Au, Germany, June 19, 2023. REUTERS/Louisa...
Shortfall in climate change cash grows ahead of COP28
A general view shows the plenary hall during an international replenishment conference for the United Nations Green Climate Fund in Bonn, Germany, October 5, 2023. REUTERS/Wolfgang Rattay Acquire Licensing RightsUN climate fund adds cash but still below targetUN warns of surging need for funds to cope with climate changeJapan adds $1 bln to fund, US money still missingGermany asks China, Gulf states to contributeBERLIN/BRUSSELS, Oct 5 (Reuters) - The United Nations' main fund for helping vulnerable countries cope with climate change said on Thursday it had raised $9.3 billion, falling...
European stocks gain as US yield surge pauses
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 4, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Oct 5 (Reuters) - European stocks opened higher on Thursday, after a plunge in oil prices and softer U.S. labour data late on Wednesday helped bring U.S. Treasury yields back down from 16-year highs.Asian shares rebounded from 11-month lows overnight, following gains on Wall Street. China's mainland markets remain closed for holidays.U.S. yields have been rising in recent weeks as investors reprice the chance of the...
Global bond rout deepens before receding on relief rally
U.S., European, Japanese bond rout deepens10-year Treasury yields hit 16-year high above 4.88%Wall Street mixed, Euro STOXX 600 lowerNEW YORK/LONDON, Oct 4 (Reuters) - A rout in government bond markets deepened on Wednesday with benchmark U.S. yields hitting fresh 16-year highs as investors bet that persistently high interest rates will slow world growth and dampen the appetite for riskier assets.Treasury yields later receded on a cooler-than-expected U.S. private payrolls report that helped stocks on Wall Street rebound from Tuesday's sharp sell-off.Growth concerns weighed on crude oil and gold prices, and...