Prime Minister Pedro Sanchez announced an extra 11 billion euro ($13.4 billion) package on Wednesday to help Spain's small and mid-sized companies and the self-employed cope with the economic crisis wrought by the coronavirus pandemic.
Portugal's largest utility, EDP-Energias de Portugal, posted on Wednesday a 6% rise in its recurring net 2020 profit to 901 million euros ($1.09 billion), despite lower demand for electricity due to the COVID-19 pandemic.
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NEW YORK/LONDON (Reuters) - A jump in benchmark U.S. Treasury yields on Thursday led a gauge of global equity markets to tumble as investors sold the high-flying tech stocks that fueled Wall Street’s rally to record highs and took precautions against the threat of inflation.
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
Fears of rising consumer prices from ongoing central bank stimulus and its impact on global growth helped drive copper prices to their highest in almost a decade as investors scrambled to buy metals to guard against inflation.
The European Central Bank will fight any big increase in real or inflation-adjusted interest rates as it could choke off the bloc's economic recovery, ECB board member Isabel Schnabel told Latvian news agency LETA.
Global equity funds witnessed higher inflows in the week ended Feb. 24, on optimism that global central banks would keep interest rates lower to prop up their economies, undeterred by rising inflation concerns.