Why the euro’s fall below parity versus dollar matters
Europe’s single currency has dropped below parity against the dollar for the first time in almost 20 years, battered by growing recession fears in the euro area. On Wednesday, it…
Europe’s single currency has dropped below parity against the dollar for the first time in almost 20 years, battered by growing recession fears in the euro area. On Wednesday, it…
The European Union’s body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defences so that none remain…
Oil edged up on Wednesday, a day after settling below $100 a barrel for the first time since April, and gains were limited by a US supply report showing rising…
The euro bounced from near-parity versus the dollar on Tuesday and pushed into positive territory in volatile London trading. Against the greenback, the euro rose 0.2 per cent to $1.0057…
The European Union has so far frozen 13.8 billion euros worth of assets held by Russian oligarchs, other individuals and entities sanctioned for Moscow’s war against Ukraine, the bloc’s top…
Moscow’s plan to implement a new law enabling authorities to seize the assets of Western firms leaving the country failed to get through parliament before the summer recess, giving companies…
The global price of oil could surge by 40 per cent to around $140 per barrel if a proposed price cap on Russian oil is not adopted, along with sanction…
Europe’s Airbus (AIR.PA) has revised up its forecast for jet deliveries over the next 20 years as soaring fuel bills prompt airlines to seek new, more fuel-efficient planes. Despite the…
The Nord Stream 1 pipeline that transports gas from Russia to Germany will undergo planned maintenance from Monday, prompting concerns about gas supplies to Europe if the outage is extended.…
GlobalFoundries Inc (GFS.O) and STMicroelectronics will announce on Monday plans to build a semiconductor factory in France for an investment of nearly 4 billion euros, as part of Europe’s efforts…