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Dollar surges to 20-year high as Putin rocks FX markets ahead of Fed

Register now for free, unlimited access to Reuters.com register Dollar index hits 20-year high Euro returns to 20-year low Putin announces partial mobilization to Ukraine Market Gauges Fed’s Hawkishness at Powell Briefing LONDON/NEW YORK (Reuters) – The dollar on Wednesday ahead of another expected aggressive Federal Reserve rate hike as investors fled for safety after … Read more

Europe burns cash to support companies in deepening energy crisis

Register now for free, unlimited access to Reuters.com register Ukraine crisis drives European gas prices soaring Utilities face a liquidity crisis Germany ‘does everything possible’ to help businesses Russian mobilization triggers oil price surge BERLIN/LONDON/HELSINKI (Reuters) – Germany on Wednesday nationalized gas importer Uniper (UN01.DE) and Britain capped wholesale electricity and gas prices for businesses. … Read more

Germany nears nationalization of gas giant Uniper

Register now for free, unlimited access to Reuters.com register Germany puts in another €8 billion Fortum to withdraw as shareholder of Uniper Uniper shares rose 2.4% BERLIN/DUSSELDORF (Reuters) – Germany is close to nationalizing gas importer Unipar (UN01.DE) in the wake of the energy crisis. The crisis leaves the governments of Europe’s top economies with … Read more

Europe races to prepare for this winter’s energy crisis

Spain may shut down energy-intensive industries during peak hours France prepares to send gas to Germany in October Germany to sign LNG deal in UAE Berlin still working on Uniper bailout BERLIN/PARIS (Reuters) – European governments on Wednesday outlined new measures to address potential energy shortages this winter, and to improve energy networks to share … Read more

Competition between Germany and the EU to resolve the energy crisis

Register now for free, unlimited access to Reuters.com register Germany plans to increase lending to energy companies EU securities regulators considering EU-wide measures Committee to announce broader plans on Wednesday BERLIN/FRANKFURT (Reuters) – Germany said on Wednesday it would step up lending to energy companies at risk of bankruptcy due to high gas prices. The … Read more

EU to tax fossil fuel companies to help consumers weather energy crisis

Register now for free, unlimited access to Reuters.com register BRUSSELS (Reuters) – As the price for the West’s “energy wars”, fossil fuel companies may have to share surplus profits to help Europe’s households and industries cope with overheating energy bills. Together with Russia, we have made ever greater sacrifices. Energy prices and inflation soared, Russia … Read more

Explainer: G7 price ceiling for Russian oil begins to take shape

Taken on December 1, 2021, this illustration shows a 3D printed model of an oil barrel in front of a displayed stock chart. REUTERS/Dado Ruvic/Illustration/File Photo Register now for free, unlimited access to Reuters.com register WASHINGTON (Reuters) – The Group of Seven (G7) nations are working to curb Russian oil prices in a bid to … Read more

EU split over capping Russian gas prices amid ‘energy war’

Register now for free, unlimited access to Reuters.com register Countries resist EU proposal to limit Russian gas prices Widespread support for cash aid to energy companies Ministers Discuss Windfall Tax, Reducing Electricity Use BRUSSELS (Reuters) – European Union energy ministers were divided on Thursday over whether to cap Russia’s gas prices. But ministers at the … Read more

Oil rises slightly from 7-month lows as Russia threatens to halt exports

A view showing the crude oil terminal Kozmino on the coast of Nakhodka Bay near the Russian port city of Nakhodka on August 12, 2022. REUTERS/Tatiana Meel Register now for free, unlimited access to Reuters.com register US Crude Stocks Surge Nearly 9 Million Barrels – EIA US considers need for more oil release from strategic … Read more

EU proposes price cap for Russian gas, von der Leyen says

Register now for free, unlimited access to Reuters.com register BRUSSELS (Reuters) – The European Commission will propose a price cap for Russian gas, as well as measures such as mandatory EU cuts in electricity use and caps on revenues for non-gas generators. said the European Commission president on Wednesday. As Russia cuts the amount of … Read more