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European Union auctions 2.818 mln spot carbon permits at 79.01 eur/t

LONDON, June 29 (Reuters) - The European Union sold 2.818 million spot EU carbon permits on EEX at 79.01 euros per tonne each on Monday, the exchange said.Date Market area Auction type Auction Price Amount auctioned Cover ratio29-Jun-2026 EU EUA…

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Economy
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On Greek island of Santorini, winemakers try to adapt to heat and drought

By Deborah KyvrikosaiosIn a vineyard on the Greek island of Santorini, winemaker Yiannis Boutaris gestures to a dried-up ‘kouloura’ vine trained into the shape of a basket to protect the grapes from the gruelling summer sun. The plant endured for 90 years but was finally killed by heat and drought…

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EconomyFutures
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European gas prices edge higher on Middle East uncertainty

Dutch and British gas prices rose on Monday morning due to uncertainty over shipments through the Strait of Hormuz, even as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East.The benchmark Dutch front-month contract at the TTF hub (TFMBMc1) was up €0.868 at €41…

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Futures

Fortum offers NOK 5.1 billion for Elmera

By Alexander GudbrandsenFinnish energy company Fortum OMXHEX:FORTUM said on Monday it had agreed terms for a recommended, conditional voluntary cash tender offer to buy all shares in Norway's Elmera Group OSL:ELMRA, topping a rival approach disclosed last week.Fortum said the offer valued Elmera at…

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StocksNO
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CVC enters deal to buy Italy's Irca from Advent

Private equity firm CVC EURONEXT:CVC said on Monday it entered into an agreement to acquire Italian dessert ingredients maker Irca from Advent International.The sale could fetch between €2.5 billion and €3 billion ($2.7 billion–$3.2 billion), sources previously told Reuters earlier this month.

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StocksIT
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Some Indian banks poised for interest margin gains as short-term funding costs fall

By Dharamraj DhutiaSome Indian banks could see stronger interest margins in the July-September quarter as the central bank's measures boost rupee liquidity and reduce the cost of borrowing for funds that mature within a year, four bankers said.Certificates of deposit (CDs), which banks use to raise…

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Economy