Ifo slashes German growth forecast for 2022 due to Ukraine war
German growth will be weaker than expected this year due to the effects of Russia's invasion of Ukraine which will also push up inflation in Europe's biggest economy, the Ifo institute said on Wednesday.
France’s TotalEnergies to quit Russian oil supply contracts
French oil major TotalEnergies (TTEF.PA)said on Tuesday it would not renew its Russian gasoil and crude oil supply contracts for its German refinery, but would source gasoil from Saudi Arabia and crude via Poland instead.
Putin wants ‘unfriendly’ countries to pay for Russian gas in roubles
Russia will seek payment in roubles for gas sales from "unfriendly" countries, President Vladimir Putin said on Wednesday, sending European gas prices soaring on concerns the move would exacerbate the region's energy crunch.
European stock markets: Banks raise stocks after a lackluster start to the week
European shares rose on Tuesday, boosted by gains in banks on prospect of aggressive interest rate hikes following hawkish comments by U.S. Federal Reserve Chair Jerome Powell.
Rouble steadies near 104 vs dollar, volatile OFZ bonds resume trading
The Russian rouble steadied near 104 to the dollar on Monday and OFZ treasury bonds returned to trading, albeit in a volatile fashion, while investors kept an eye on Russia's ability to service state debt and pay the coupon on its Eurobond.