Banking

“IMF tells Europe to let consumers bear the brunt of higher bills to encourage energy saving”

“The International Monetary Fund warned European governments against intervening in the region’s worsening energy crisis with broad-based financial support, saying instead that consumers should bear the brunt of higher prices to encourage energy saving and aid the wider shift to… Continue Reading…

Banking, Economy

“European Central Bank to create new tool to address fragmentation risk and temper bond rout”

“The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage fears of a fresh debt crisis. The decision comes after the central bank surprised… Continue Reading…

Economy, Energy

“Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports”

“Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports. “It is absolutely clear that a rejection of Russian oil would… Continue Reading…

Energy

“European Gas Prices Jump 20% as Russia Keeps Volumes Capped”

“Natural gas prices in Europe surged on Monday as reduced flows from Russia again caused uncertainties about Europe’s supply security in the winter months… Benchmark European gas for next month jumped as much as 20% to 84.50 euros a megawatt-hour,… Continue Reading…

Economy

“European Gas Hit Record 100 Euros as Energy Crunch Worsens”

“European gas surged to a record 100 euros as China stepped up a global fight for energy supplies, in a move that threatens to derail the economic recovery. Prices later retreated. In volatile trading, benchmark futures gained as much 2.3%… Continue Reading…

Stocks

“Bluebird’s stock falls 21% as it says it will focus on U.S. market for gene therapies, citing ‘European payers'”

“Shares of Bluebird Bio Inc. were down 21.6% in premarket trading on Monday after the company announced several setbacks to its business as part of its second-quarter earnings announcement. Bluebird plans to wind down its gene therapy operations in Europe,… Continue Reading…

Economy, Stocks

“JPMorgan Says Record Highs in European Stocks Can Last and Widen”

” European equities are trading at fresh record highs, and JPMorgan Chase & Co. strategists say the rally can go on and even expand to markets that have been left behind. The Stoxx Europe 600 Index closed at a historical… Continue Reading…

Business, Economy, Investing, Stocks

“Global Markets Drop Over Worries About U.S. and European Economies”

“Global markets largely took a tumble on Monday, with worries about a possible U.S. recession. Japan’s Nikkei 225 index was was down 3%. The Shanghai composite was off almost 2%, as was Hong Kong’s Hang Seng, with the Shenzhen composite… Continue Reading…