ECB to raise objections to Italy’s windfall tax on banks – press
The building of the European Central Bank (ECB) is seen amid a fog before the monthly news conference following the...
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Bitcoin drops to new two-month low as world markets sell off
A representation of cryptocurrency Bitcoin is placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Aug 18 (Reuters) - Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world markets.On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed.It then slipped to a two-month low of $26,172 during Asian trading hours on Friday, its lowest since...
Evergrande seeks US court nod for $32 billion debt overhaul as China economic fears mount
Evergrande seeks protection from creditors as part of debt restructuringEvergrande to meet creditors later this month for restructuringFinancial markets hit...
Factbox: European countries differ over windfall taxes on banks
The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo Acquire Licensing RightsAug...
Analysis: A year on, Europe less fearful of U.S. green subsidies push
Inflation Reduction Act raised fears of investment shift to U.S.EU decision to relax state aid rules has helped ease fearsEU working on more legislationCritics say EU legislation favours big states, big companiesBRUSSELS, Aug 17 (Reuters) - When the United States launched its massive green subsidies push a year ago, many in Europe feared it would be a fresh blow to their regional economy grappling with the knock-on effects of war in Ukraine and lingering aftershocks of the COVID-19 pandemic.Yet while critics argue the European Union has yet to offer a...
European shares drop on dour earnings, rate hike concerns
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 16, 2023. REUTERS/Staff/File...
China’s sliding yuan could be next ‘black swan event’ for markets, hedge fund EDL says
Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire...
Bankruptcies in the EU highest since 2015, Eurostat says
European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 5, 2020. REUTERS/Yves Herman/File Photo Acquire Licensing...
Norway central bank raises rate to 4.0%, eyes September hike
People go about their day near Norway's central bank building in Oslo, Norway May 31, 2017. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsARENDAL, Norway, Aug 17 (Reuters) - Norway's central bank raised its benchmark interest rate by 25 basis points to 4.0% on Thursday to try to curb inflation, as widely forecast, and said it would likely hike again in September.Thursday's hike had been expected by all 31 economists polled by Reuters, and a majority of poll participants predicted the rate would hit a peak of 4.25% by the end of...
China’s state banks seen selling dollars for yuan in London and New York hours
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing...
