Latest News: Europe

European markets close lower as global sentiment falters on recession fears

European markets close lower as global sentiment falters on recession fears

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

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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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

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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UK finance minister announces tax hikes and spending cuts, says country is in recession

UK finance minister announces tax hikes and spending cuts, says country is in recession

Finance Minister Jeremy Hunt, in his much-awaited inaugural autumn statement, unveiled a sweeping £55bn ($66bn) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images LONDON — The British government unveiled a sweeping £55 billion ($66 billion) budget plan on Thursday as it seeks to plug a gaping hole in public finances and restore Britain’s …

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