(Reuters) – Ukraine’s finance ministry on Wednesday said a two-year deal with creditors to freeze payments on $20 billion of overseas debt was a testament to investors’ willingness to support Kyiv. “Thanks to the solidarity with Ukraine shown by the pr…
BoE’s Pill sees no return for QE, at least for some years
LONDON (Reuters) – Bank of England Chief Economist Huw Pill said on Wednesday he could not see a return of quantitative easing for at least a few years. “It’s not to say we won’t at some point in the future be back where we were – needing to ease polic…
Oil rises on renewed gasoline demand, weak dollar
By David Gaffen NEW YORK (Reuters) -Oil prices rose on Wednesday, rebounding from losses early in the session, helped by encouraging figures on U.S. gasoline demand and as lower-than-expected U.S. inflation data drove investors into riskier assets. Bre…
Sweden tops France as Europe’s largest net power exporter
PARIS (Reuters) – Sweden overtook France as Europe’s largest net power exporter in the first half of 2022, as deep-rooted problems reduced French nuclear availability to historic lows, Energy analysts EnAppSys said on Wednesday. France usually exports …
Tennis-U.S. Open to hold humanitarian aid effort for Ukraine
NEW YORK (Reuters) – The U.S. Open will host a tournament-long campaign to raise awareness and humanitarian aid for Ukraine, the United States Tennis Association (USTA) said on Wednesday, with a goal of raising $2 million in relief. The effort will kic…
UK’s Liz Truss: Important to work with energy firms to bring prices down
LONDON (Reuters) – British leadership candidate Liz Truss said on Wednesday she would work with energy companies to bring down prices if she becomes prime minister, as she faces growing pressure to set out more support for households struggling with ri…
Ukraine’s creditors agree 2-year freeze on $20 billion overseas debt
By Jorgelina do Rosario, Rodrigo Campos and Karin Strohecker LONDON/NEW YORK (Reuters) – Ukraine’s overseas creditors have backed its request for a two-year freeze on payments on almost $20 billion in international bonds, a regulatory filing showed on …
Exclusive: Freeport LNG retracts force majeure, widening losses for gas buyers – sources
By Julia Payne and Marwa Rashad LONDON (Reuters) – Top U.S. gas exporter, Freeport LNG, has retracted the force majeure it initially declared after an explosion in June, a development that could cost its buyers billions of dollars in losses, a document…
Trump declines to answer questions in N.Y. attorney general investigation
By Karen Freifeld NEW YORK (Reuters) -Former U.S. President Donald Trump said on Wednesday he refused to answer questions during an appearance before New York state’s attorney general in a civil investigation into his family’s business practices, citin…
Ripple Labs interested in bankrupt crypto lender Celsius’ assets
By Hannah Lang (Reuters) -San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius …