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German Shares Lead Losses in Europe as Lanxess Plunge

Germany39;s DAX drifts further away from record high Lanxess hits over 3year low after profit warning Chemicals sector leads declines in Europe Sanofi says arbitration court rejects Boehringer39;s Zantac claims June 20 Reuters German stocks led the decline among European peers on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its earnings […]
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Healthcare Stocks Propel UKs FTSE 100 Higher, Miners Lag

AstraZeneca rebounds after Monday39;s fall Miners down as metal prices fall on strong dollar, China worries FTSE 100 up 0.1, FTSE 250 off 0.5 June 20 Reuters UK39;s benchmark FTSE 100 index edged up on Tuesday, reversing early losses, as rising healthcare stocks outweighed declines in miners, with investors keenly awaiting key economic data and […]
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China 2023 Oil Demand Growth Seen Slower on Strong EV Sales

BEIJING, June 20 Reuters China39;s 2023 crude oil demand is expected to grow less than previously expected, as strong demand for electric vehicles weighs on gasoline demand, an expert at China National Petroleum Corporation39;s CNPC research arm said on Tuesday. The state oil company39;s Economic Technology Research Institute ETRI in March forecast oil demand reaching 743 million […]
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Eastern Germanys Brown Coal Belt Tries to Go Green

Battery plant to store energy from planned wind, solar plants Region39;s traditional coalfired plants to be phased out Concerns about jobs, energy, water security Campaign launched to attract young people Berlin pushing for coal phaseout by 2030 versus 2038 plan FORST, Germany, June 19 Reuters Eastern Germany39;s historic mining belt could get a new lease […]
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China Cuts Lending Benchmarks to Revive Slowing Demand

SHANGHAISINGAPORE, June 20 Reuters China cut its key lending benchmarks on Tuesday, the first such reductions in 10 months as authorities seek to shore up a slowing economic recovery, although concerns about the property market meant the easing was not as large as expected. The latest monetary loosening comes as a postpandemic recovery in the […]
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IMF Working on Global Central Bank Digital Currency Platform

RABAT, June 19 Reuters The International Monetary Fund IMF is working on a platform for central bank digital currencies CDBCs to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries we need […]
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Oil Slips as China Benchmark Rate Cuts Smaller than Expected

TOKYOBEIJING, June 20 Reuters Oil prices slipped on Tuesday after China cut benchmark lending rates less than some expected, sowing further concern over the oil demand outlook in the world39;s largest crude importer. Brent crude was down 19 cents at 75.90 a barrel at 0545 GMT. U.S. West Texas Intermediate WTI crude for July was […]
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