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European markets close lower as global sentiment falters on recession fears

European markets close lower as global sentiment falters on recession fears

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Slowdown in private equity deals set to continue in 2023, says fund manager The slowdown in private equity transactions is expected to continue in the first quarter of 2023, according to a trust fund manager at Abrn. Alan Gauld, trust fund manager of private equity opportunities at Abrn, discussed the company’s 2023 outlook for private …

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European markets fall slightly as investors gauge China's Covid relaxation and oil moves

European markets fall slightly as investors gauge China’s Covid relaxation and oil moves

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Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …

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European Central Bank Says Bitcoin Is On “Road To Irrelevance”

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

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The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has strongly criticized bitcoins Wednesday, saying the cryptocurrency is on a “path to irrelevance.” In a blog post titled “Bitcoin’s Last Stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff …

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China encourages elderly vaccination; Hong Kong closes 5% higher

European markets close slightly lower as traders monitor China’s Covid policy; HSBC up 5% on RBC deal

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UK gilt market ‘not back to normal’, says BOE governor Britain’s gilt market is “not back to normal” after the Bank of England intervened on Sept. 28, according to Governor Andrew Bailey, who spoke to a committee of lawmakers on Tuesday. The governor said the bank did not want to buy pegged gilts, but “needed …

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Founding factories: Alumni of 344 European and Israeli unicorns have spawned 1,018 startups since 2008

Founding factories: Alumni of 344 European and Israeli unicorns have spawned 1,018 startups since 2008

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A new report has shed light on the impact European and Israeli unicorns have had on the wider tech ecosystem since the global economic crisis 14 years ago. The report, titled “Europe and Israel’s Startup Founder Factories,” was produced by venture capital firm Accel with extensive support from the startup and venture capital data platform …

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European imports of Russian maritime gas hit record high

European imports of Russian maritime gas hit record high

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Europe is importing a record amount of Russian gas transported by sea, showing how the region has not completely shaken off its dependence on the country for crucial fuel, even as flows through pipelines slow down. are practically stopped. Imports of Russian liquefied natural gas, which is usually transported on large tankers, increased by more …

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Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

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Speech by Christine Lagarde, President of the ECB, at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament Brussels, 28 November 2022 Over the past 12 months, the ECB has embarked on a rapid and comprehensive process of monetary policy normalization. First, we ended net asset purchases within months. Then …

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European markets stagnate to end the winning week; Credit Suisse shares at historic low

European markets stagnate to end the winning week; Credit Suisse shares at historic low

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European markets muted but mark sixth week of gains Europe’s Stoxx 600 index closed flat on Friday, capping an upbeat week that saw it break a three-month high and secure a sixth week of gains. Major German and French stock exchanges were flat, with Britain’s FTSE 100 gaining 0.3%. Expectations of a slowdown in Federal …

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Qatar LNG

The European gas market will remain tight until at least 2024 | OilPrice.com

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Large volumes of new LNG supplies are coming to market this decade, but none of the huge export capacities currently under construction will arrive in time to ease Europe’s tight gas market, either in 2023 or 2024. The United States and Qatar, the world’s main LNG exporters, will have plenty of new capacity after 2025, …

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European industry pivots to US as Biden grant sends 'dangerous signal'

European industry pivots to US as Biden grant sends ‘dangerous signal’

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Northvolt, Europe’s great hope in the global battery wars, started life as a continent-centric start-up. From now on, the Swedish group, supported by Volkswagen, BMW and Goldman Sachs, is turning to the United States to develop its production. The reason for the pivot is the Inflation Reduction Act (IRA). Landmark U.S. green technology legislation, signed …

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