RWE, E.ON reshape German power sector in Innogy asset swap deal
ESSEN/DUESSELDORF (Reuters) – Germany’s top utilities on Sunday announced plans to break up Innogy , whose assets will be divided among parent RWE and rival E.ON in the sector’s biggest overhaul since a landmark move to exit nuclear power.
Cash is far from dead and use is rising: BIS
LONDON (Reuters) – Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate to church on Sundays, hard cash is showing no signs of dying out, central bankers said.
Keep calm and carry on with policy normalization, BIS tells central banks
LONDON (Reuters) – The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said on Sunday.
UK’s Hammond sees light at end of austerity tunnel, but debt must fall
LONDON (Reuters) – British finance minister Philip Hammond said on Sunday he might be able to relax his grip on public spending at the end of this year, but he stuck to his plan to cut the country’s high debt levels.
Tariffs should be part of U.S. trade policy, Trump foe Warren says
WASHINGTON (Reuters) – Democratic U.S. Senator Elizabeth Warren, who has traded barbs with President Donald Trump, said on Sunday she’s “not afraid of tariffs,” but stopped short of endorsing his decision to launch steep tariffs on steel and aluminum.
RWE transforms German energy industry in asset swap with E.ON, Innogy
ESSEN/DUESSELDORF (Reuters) – Germany’s top utilities announced a multi-billion-euro revamp, with RWE agreeing to sell control of Innogy to rival E.ON in return for renewable assets, in the biggest overhaul of the sector since the country moved to e…
Trump’s trade policies jeopardize jobs and prosperity: German minister
BERLIN (Reuters) – U.S. President Donald Trump’s tariffs on steel and aluminum imports will cost jobs and growth, German Economy Minister Brigitte Zypries told Reuters on Sunday, adding that Europe and other free traders should not let themselves be di…
RWE goes green in mega deal to sell Innogy to E.ON
FRANKFURT (Reuters) – Utility RWE said on Sunday it had agreed to sell its 76.8 percent stake in Innogy to rival E.ON , as part of a complex deal that would position RWE as a clean energy champion.
China says trade war with U.S. will only bring disaster to global economy
BEIJING (Reuters) – Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it coul…
UK’s Hammond says might be able to relax budget squeeze in autumn
LONDON (Reuters) – British finance minister Philip Hammond said on Sunday that he might be able to relax his grip on public spending at the end of this year but he stuck to his plan to cut the country’s high public debt levels.
