By David Milliken LONDON (Reuters) – British inflation is on track to peak at a 30-year high of over 7% in April but differences in forecasts for energy prices and wages mean private-sector economists and the Bank of England are split over what happens…
Glencore sells stake in Russia’s Russneft to cap 20-year partnership
By Olga Yagova and Dmitry Zhdannikov MOSCOW/LONDON (Reuters) – Glencore has sold out of Russneft, capping two decades of investments which saw the Swiss commodities firm trading millions of barrels of the Russian group’s oil even as it witnessed some o…
All options open on EDF, including nationalisation, Le Maire says
PARIS (Reuters) -All options are on the table regarding the future of French power utility EDF, finance minister Bruno Le Maire said on Tuesday, including full nationalisation. Asked in an interview with BFM Business radio whether a potential option wa…
UK could stop Russian companies raising money in London – PM Johnson
LONDON (Reuters) – Britain could block Russian companies from raising capital in London and expose property and company ownership in London and elsewhere if Russia invades Ukraine, Prime Minister Boris Johnson said on Tuesday. Britain, the United State…
Banks gave more than $1.5 trln to coal sector in 2019-2021 – NGOs
By David Stanway SHANGHAI (Reuters) -Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, despite many having made net-zero pledges, a report by a group of 28 non…
Oxford scientists to study effects of COVID variants, shots in pregnancy
(Reuters) – Oxford University scientists said on Tuesday they would evaluate the effects of new coronavirus variants on pregnant women and newborns, as well as COVID-19 vaccination effects on complications during pregnancy and after birth. The study co…
Glencore’s traded oil volumes in 2021 fell to lowest since 2015
LONDON (Reuters) – Glencore’s traded oil volumes fell to below 4 million barrels per day in 2021 for the first time since 2015, the company’s results showed on Tuesday. The global trader and miner traded 3.86 million bpd in 2021, down from 4.2 million …
Louis Vuitton set to raise price tags this week as costs climb
By Sophie Yu and Brenda Goh BEIJING (Reuters) -Louis Vuitton, LVMH’s top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company in China…
Vulcan Energy opens higher on first day of dual listing
BERLIN (Reuters) -Vulcan Energy Resources opened at 5.65 euros ($6.40) per share on the Frankfurt Stock Exchange on Tuesday, the first day of the German-Australian company’s dual listing. Australian-listed shares in Vulcan closed 0.79% higher on Tuesda…
Michelin shares slip as spending guidance surprises investors
PARIS (Reuters) – Shares in French tyre maker Michelin slipped by about 2% on Tuesday morning as management increased spending guidance caught investors by surprise and overshadowed better than expected annual results. (Reporting by Piotr Lipinski; Edi…