Renewable energy companies will tell UK ministers this week that a planned cap on the revenues they generate from sky-high wholesale power prices must not be more punitive than a similar EU policy —...
Credit Suisse Group AG is trying to bring in an outside investor to inject money into a spinoff of its advisory and investment banking businesses, as the firm’s leaders aim to put the finishing...
The UK’s credit outlook was lowered to negative from stable by Fitch Ratings, which cited risk the government’s new growth plan could increase the nation’s fiscal deficit.Source: Bloomberg
When Germany’s government announced a bazooka-sized €200bn energy support package for households and businesses last week — a “double ka-boom”, said chancellor Olaf Scholz — it did not intend to...
Dixit Joshi won’t forget his first day as Credit Suisse Group AG’s chief financial officer in a hurry. And yet the experience won’t have been entirely unfamiliar for the former Deutsche Bank AG high...
Brussels wants to give EU capitals extra time to curb their debts and create space for public investment as part of a major overhaul of the EU’s deficit rules.Source: Financial Times
Europe’s top financial regulators have issued an unprecedented warning about “severe risks to financial stability” after concluding Russia’s invasion of Ukraine could create a toxic combination of an...
The Bank of England took emergency action on Wednesday to avoid a meltdown in the UK pensions sector, unleashing a £65bn bond-buying programme to stem a crisis in government debt markets.Source: ...
The IMF has launched a biting attack on the UK’s plan to implement £45bn of debt-funded tax cuts, urging the government to “re-evaluate” the plan and warning that the “untargeted” package threatens...
Christine Lagarde said the European Central Bank will consider shrinking its balance sheet only once it has completed the “normalization” of interest rates.Source: Bloomberg