By John O’Donnell BRUSSELS (Reuters) -Euroclear plans to seize and redistribute about 3 billion euros ($3.4 billion) of Russia’s funds that are frozen at the Belgian clearing firm after Moscow grabbed investor cash in Russia, according to documents seen by Reuters and people familiar with the matter. The money will be used to compensate Western …
FRANKFURT (Reuters) – The CEO of German postal services group DHL said on Friday that accusations of anti-competitive conduct brought by smaller rival Deutsche Versand Services GmbH were without any merit. DHL CEO Tobias Meyer spoke at its annual shareholder meeting. Deutsche Versand Services has accused DHL of unfairly taking advantage of its dominant position …
DHL CEO says rival’s claim it broke antitrust rules is unfounded Read More »
(Rho Motion corrects data on BYD in paragraph 9 to say it pays a 27% tariff on BEVs in the EU, not 27.5%) By Alessandro Parodi (Reuters) -Chinese carmakers including BYD and Chery are selling more plugin-hybrids in the European Union to avoid import tariffs on Chinese-made electric cars, data released on Friday showed. The …
PARIS (Reuters) – France’s manufacturing sector posted its first rise in output in nearly three years in April, and expectations of greater military spending could help offset the impact of uncertainty over U.S. tariffs, a survey showed on Friday. The HCOB final purchasing managers index (PMI) for France’s manufacturing sector, as compiled by S&P Global, …
French factories post first output rise in nearly three years in April, PMI shows Read More »
ROME (Reuters) -Italy’s jobless rate rose marginally to 6.0% in March from 5.9% in February, national statistics bureau ISTAT reported on Friday, with a loss of 16,000 jobs in the month. The 6.0% jobless rate was in line with the median forecast in a Reuters survey of 7 analysts. The youth unemployment rate, measuring job-seekers …
Italy March jobless rate edges up to 6.0%, in line with forecast Read More »
ATHENS – Greece has signed an outline deal with Dubai’s Emirates that includes a codeshare agreement with Greek air carrier Aegean, the country’s Tourism Ministry said on Friday, as it seeks to attract more tourists all year round. The codeshare agreement will expand travellers’ access to popular destinations, including the islands of Santorini, Mykonos and …
Greece signs outline deal with Emirates airline to boost tourism Read More »
MADRID (Reuters) – Spain’s manufacturing sector took a sharper downturn in April, with new orders falling at the steepest rate since December 2023 and output declining for the first time since last August, a survey showed on Friday. The HCOB Spain Manufacturing PMI, compiled by S&P Global, fell to 48.1 in April from 49.5 in …
Spain’s manufacturing sector downturn deepens in April – PMI Read More »
By Lawrence White and Sinead Cruise LONDON (Reuters) – NatWest reported a forecast-beating 36% rise in first-quarter profit on Friday, thanks to healthier margins on deposits and higher loan balances, enabling the lender to upgrade a key return target despite rising economic uncertainty. While other UK banks nervously await the economic fallout from the highest …
UK’s NatWest shrugs off tariff uncertainty with profit jump Read More »
FRANKFURT (Reuters) -German chemicals giant BASF said on Friday it was facing high levels of uncertainty from U.S. tariffs and other countries’ reactions to them, but reaffirmed its earnings guidance for lack of clearer economic indicators. The threat of trade duties was prompting customers to order more cautiously overall, finance chief Dirk Elvermann said in an analyst …
BASF confirms outlook but warns of high uncertainty from trade duties Read More »
LONDON (Reuters) -Euro zone manufacturing output grew at the fastest pace in just over three years in April despite overall factory activity remaining in contraction territory, with the big three economies showing signs of improvement, a survey showed on Friday. HCOB’s euro zone final headline manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose …
Euro zone manufacturing showed more signs of stabilisation in April – PMI Read More »
