Gas starts flowing to Poland through the new Baltic Pipe pipeline

WARSAW, Oct 1 (Reuters) – Gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via Denmark and the Baltic Sea on Saturday morning, Polish gas pipeline operator Gaz-System said. The pipeline is at the center of Poland’s strategy to diversify its gas supplies away from Russia that began years before Moscow’s … Read more

Oil Traders Regain Their Swagger With World Desperate for Fuel

“Energy security is number one, price is number two, sustainability is number three,” said Russell Hardy, chief executive officer at Vitol Group, the world’s top oil trader by volume. “That’s the short-term set of priorities. The long set of priorities haven’t changed, they’re the other way around.”

Intel’s Mobileye files for listing in first sign of thawing tech IPO market

Sept 30 (Reuters) – Intel Corp’s (INTC.O) self-driving unit Mobileye on Friday unveiled its filing for a US initial public offering, testing support for a high profile stock debut even as the market for new issues has virtually collapsed. The tech IPO market globally is in the middle of its worst drought in almost two … Read more

Credit Suisse Rehires Health-Care Investment Banker Nikhil Goel

Goel resigned last year to join Absci Corp. as chief strategy officer after more than five years at Credit Suisse, where he was last a director. His move back to the bank comes amid both an effort by management to replenish senior ranks after a slew of defections and a comprehensive strategic review. Over the … Read more

UK’s Truss: I recognize there has been market disruption

LONDON, Sept 30 (Reuters) – British Prime Minister Liz Truss said on Friday she recognized there had been some financial market disruption following the government’s so-called mini budget and that it was important monetary and fiscal policy are coordinated. Truss has so far argued market turbulence following the announcement of planned tax cuts a week … Read more

Credit Suisse Is at ‘Critical Moment’ as Bank Prepares for Latest Overhaul, CEO Says

While conceding that there is a lot of uncertainty and speculation both within and outside the bank, the CEO said he will be sending a regular update to staff until the results of its strategic review on Oct. 27, according to the memo, seen by Bloomberg and confirmed by a Credit Suisse spokesperson.

Exclusive: JPMorgan to hire about 2,000 engineers even as the economy softens

PLANO, Texas, Sept 30 (Reuters) – JPMorgan Chase & Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global chief information officer, Lori Beer, said on Wednesday. The biggest US lender added a net more than 5,000 software developers and data scientists last year and … Read more

Dutch inflation leaps to 17%, boosted by high energy prices

AMSTERDAM, Sept 30 (Reuters) – Inflation in the Netherlands jumped in September to its highest in decades, driven by skyrocketing energy prices, the statistics agency (CBS) said on Friday. Consumer prices, harmonized to be comparable with inflation data from other European Union countries (HICP), rose to 17.1% this month after August’s jump to 13.7%. Energy … Read more

EU antitrust regulator scraps 6-year probe into Czech Rail

BRUSSELS, Sept 30 (Reuters) – EU antitrust regulators have dropped a six-year old investigation into Czech railway company Ceske drahy (CD) after failing to find evidence of wrongdoing, the European Commission said on Friday. The EU competition enforcer opened an investigation in 2016 and followed it up with charges in 2020, accusing Ceske drahy of … Read more