By Lisa Baertlein NEW ORLEANS (Reuters) -Operators of hulking car carriers are seeking relief from the U.S. Trade Representative’s surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or national emergency, three sources told Reuters. USTR announced the …
Vehicle carriers seek relief from broad US port fees Read More »
MADRID (Reuters) -Spanish defence technology company Indra said on Friday it was analysing different opportunities in the defence sector, including Escribano, but no decision had been taken. The company’s statement followed a report in Spanish newspaper Expansion on Thursday which said that Indra was considering taking over Escribano. “Within the framework of its strategic plan, …
Indra considers options in defence sector, including Escribano Read More »
By Maria Martinez WASHINGTON (Reuters) -Germany’s fiscal expansion will boost its economy starting in 2026 after years of weak growth, offsetting the increased drag from U.S. tariffs, Oya Celasun, deputy director of the International Monetary Fund’s European Department, said on Friday. Germany’s parliament approved in March plans for a massive spending surge, throwing off decades …
Germany’s fiscal shift will offset trade drag starting in 2026, IMF official says Read More »
KYIV (Reuters) -Ukraine’s National Bank said on Friday the country needs $2.9 billion for gas imports in 2025 after Russian missile and drone attacks damaged Ukrainian gas production facilities. In late winter and early spring, Russia attacked Ukrainian gas assets in the east of the country several times, causing gas production to drop by at …
Ukraine needs $2.9 billion to buy gas in 2025, National Bank says Read More »
(Reuters) -British currency risk management company Argentex said on Friday it has struck a deal to be taken over by cross-border payments provider IFX Payments as it navigates a liquidity crisis, and that its CEO had left the company. UK-based IFX will pay 2.49 pence per Argentex share to acquire the company, valuing Argentex at …
FX firm Argentex agrees takeover by IFX Payments, CEO steps down Read More »
By David Milliken LONDON (Reuters) -The Bank of England said on Friday it will focus on a scenario involving a market panic about a trade war and sovereign debt risks in this year’s stress test of central counterparties, which form a key part of global financial infrastructure. The stress test covers ICE Clear Europe, LCH …
Bank of England focuses on trade war in 2025 stress test of central counterparties Read More »
By John Revill BERN (Reuters) -Environmentalists protested at the Swiss National Bank’s annual shareholder meeting on Friday, urging the central bank to divest from companies they say contribute to environmental devastation in regions like the Amazon rainforest and Cerrado savanna. The protest in Bern targeted the SNB’s holdings in firms identified in a University College …
Swiss central bank faces environmental protests over investments Read More »
By Akash Sriram and Abhirup Roy (Reuters) -Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company’s brand. The automaker’s shares rose nearly 8% on Wednesday after …
Investors relieved Musk will refocus on Tesla, but worry about brand damage Read More »
BERN (Reuters) -The head of the Swiss National Bank said on Friday that cryptocurrencies failed to meet the institution’s currency reserve standards, rebuffing calls by crypto advocates that it hold bitcoin as a hedge against growing global economic risks. Cryptocurrency campaigners are ramping up pressure on the SNB to buy bitcoin, arguing that the economic …
Swiss National Bank chairman rebuffs bitcoin as reserve asset Read More »
LONDON (Reuters) -Marks & Spencer stopped taking online orders in the UK and Ireland on Friday following a cyber attack which it reported earlier in the week, an announcement which sent its shares down by 5%. The British company, which sells its clothing and homeware ranges through its website and app, said it made the …
Britain’s M&S stops taking online orders after cyber attack Read More »
