A cut to Russian gas supplies to Europe due to escalating tensions in Ukraine would threaten the region’s economic recovery and gas-intensive industries including steel and chemicals, according to Fitch Ratings Ltd.
The yield premium investors demand to hold Italian 10-year bonds over their German peers narrowed to the least in three years on bets the European Central Bank will take further action to combat low inflation.
Anheuser-Busch InBev NV’s $5.8 billion purchase of Oriental Brewery Co. has vaulted Deutsche Bank AG to the top of South Korea’s merger league table, putting the firm on course for a record advisory year in the country.
Jasmin Eicher has already axed her sole full-time employee to keep afloat her shop selling cards, candles and paper in a Zurich suburb. If Switzerland approves what would be the world’s highest minimum wage, she says the only option would be to close her door.
European government bonds advanced this week, with Italian and Irish yields falling to the lowest levels on record, as prospects of further European Central Bank stimulus fueled demand for the region’s debt securities.
Uber Technologies Inc. has been banned by a Berlin court from providing taxi services via its smartphone software, in a sign the rebellion by local chauffeurs to the U.S. company’s business model in Europe is growing.