Reuters UK Business

MOSCOW (Reuters) -International trade wars, triggered by the United States’ protectionist policies, pose a key risk to the Russian economy, according to the country’s Economy Ministry, which published its high-risk forecasts for the first time on Wednesday. In this scenario, the price of Brent crude oil is projected to be $58.1 per barrel, dropping further …

Russia sees 2025 economic growth at 1.8% in ‘trade war’ scenario Read More »

By Laura Matthews (Reuters) -The value of derivative-related margin calls at hedge funds and other market participants nearly tripled after the Trump administration announced larger-than-expected U.S. tariffs this month, before declining after a 90-day pause, according to OSTTRA, which provides post-trade services. Data showed the total value of those calls rose by 180% from April …

Tariff-induced volatility caused spike in derivative-related margin calls, data shows Read More »

ROME (Reuters) -STMicroelectronics has rebuffed a fresh Italian government attempt to appoint its candidate to the chipmaker’s supervisory board, two sources familiar with the matter told Reuters on Wednesday. The Italian and French governments indirectly own a combined 27.5% stake in STMicro but Italy is increasingly unhappy with CEO Jean-Marc Chery and wants Paris to …

STMicro rejects call to let shareholders vote on Italian board candidate, sources say Read More »

By Bhanvi Satija and Mariam Sunny (Reuters) -Novartis has agreed to buy Regulus Therapeutics for up to $1.7 billion, giving the Swiss drugmaker access to an experimental drug to treat a life-threatening kidney disease. Under the deal terms, Novartis will pay $7 per share in cash upfront, or about $800 million, and another $7 per …

Novartis to buy kidney disease drug maker Regulus in up to $1.7 billion deal Read More »

PARIS (Reuters) -French shipping giant CMA CGM announced on Wednesday an offer to buy Air Belgium, which would strengthen CMA CGM’s presence in the aviation sector. CMA CGM, which also owns an 8.8% stake in Air France KLM, said it would keep the Air Belgium brand and that its takeover would safeguard 124 jobs at …

French shipping giant CMA CGM offers to buy Air Belgium Read More »