By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Slow down, you’re moving too fast A relatively quiet day on Monday with some key markets closed saw Asian and European stocks extend their recent rebound but Wall Street stumble after U.S. President …
LONDON (Reuters) -The British government is rethinking last year’s move that took winter fuel payments away from millions of pensioners, the Guardian newspaper reported on Monday, following the loss of a parliamentary seat by Prime Minister Keir Starmer’s Labour Party in the recent by-election. Citing sources from Starmer’s office, the Guardian reported that the government …
UK government rethinking winter fuel payment cut, the Guardian reports Read More »
By Isla Binnie (Reuters) -KKR co-founder George Roberts tried to ease investor anxiety on Monday as uncertainty over U.S. President Donald Trump’s trade policies have caused global stock markets to swoon. “To quote Queen Elizabeth, stay calm and carry on,” the private equity veteran told the Milken Institute Global Conference in Los Angeles, referring to …
KKR co-founder says ‘stay calm and carry on’ in market uncertainty Read More »
(Reuters) -Clorox trimmed its annual sales forecast on Monday, as the bleach maker saw weak consumer demand in the backdrop of economic uncertainty spurred by U.S. President Donald Trump’s tariffs. The company’s exposure to tariffs was limited, with a single-digit percentage of raw materials being sourced from Mexico and Canada, but fears of a recession …
Clorox cuts annual sales forecast as consumer demand weakens amid economic uncertainty Read More »
(Reuters) -Norwegian retailer XXL ASA’s board of directors on Monday recommended its shareholders against accepting a buyout offer from Britain’s Frasers, saying that it did not reflect the company’s long-term earnings potential. In March, Frasers said it planned to make a mandatory offer for the retailer, just weeks after dropping its bid to buy equity …
Norwegian retailer XXL’s board recommends shareholders against Frasers’ offer Read More »
PARIS (Reuters) -Stellantis Chairman John Elkann and Renault CEO Luca de Meo urged the European Union to adopt more favourable rules for small cars, warning that the declining profitability of small cars could force plant closures without changes. In a joint interview in French newspaper Le Figaro, Elkann and de Meo added that France, Italy …
Renault, Stellantis bosses urge more favorable EU rules for small cars Read More »
By Saeed Azhar NEW YORK (Reuters) -Citigroup CEO Jane Fraser said on Monday most of the bank’s business clients could absorb U.S. tariffs of 10% on the nation’s trading partners, but cautioned that companies are waiting on investments and hiring until there is more economic clarity. “If it is 10%, most of the clients we …
Citigroup CEO says most business clients can absorb 10% tariffs Read More »
By Tom Sims FRANKFURT (Reuters) -Commerzbank employee representatives are calling on staff to protest against a possible takeover by the Italian bank UniCredit, signalling that resistance to any deal remains fierce. The event is scheduled two hours before the German lender’s annual general meeting on May 15. “We want to make it clear once again …
Commerzbank staff to protest possible UniCredit takeover at annual meeting Read More »
(Reuters) -Peabody Energy said on Monday if issues involving Anglo American’s Moranbah North mine were not resolved to its satisfaction, it may elect to terminate its pending deal to acquire some of the British mining company’s Australian steelmaking coal assets. Peabody’s shares were up over 4% in early trading. Production at Anglo American’s Moranbah North …
Peabody may exit Anglo American’s assets deal over damaged coal mine Read More »
SANTIAGO (Reuters) -Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday. The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis …
TotalEnergies seeks permit for $16 billion green hydrogen project in Chile Read More »
