(Reuters) -Reuters’ story about wealth management firm Picktan Capital eyeing a London listing is being withdrawn following post-publication review. There will be no substitute. STORY_NUMBER: L4N3R0199 STORY_DATE: 22/04/2025 STORY_TIME: 1443 GMT
WASHINGTON (Reuters) -The recent shifts in asset portfolio allocations away from the dollar may represent a move from overweighting dollar assets to a more natural weighting between dollars and other currencies, including the euro, European Central Bank executive board member Philip Lane said on Wednesday. Lane told a panel discussion at an Institute of International …
Dollar allocations moving from overweight to more natural weighting, ECB’s Lane says Read More »
WASHINGTON (Reuters) -Britain’s government is not in a rush to secure a trade deal with U.S. President Donald Trump’s administration, finance minister Rachel Reeves said on Wednesday, and she ruled out making concessions on food standards in the talks. “We’re not going to rush a deal. We want to get the right deal that’s in …
UK won’t rush to reach trade deal with U.S., finance minister Reeves says Read More »
(Reuters) -The United States could dip into recession on the fallout from a global trade war but everyone will suffer, including the euro zone, even if to a lesser effect, French central bank chief Francois Villeroy de Galhau said on Wednesday. The U.S. has imposed a raft of tariffs on most nations around the world …
U.S. could dip into recession on trade war, French central banker says Read More »
By Mimosa Spencer and Tassilo Hummel PARIS -The crisis at Kering’s flagship Gucci label deepened in the first quarter, the company said on Wednesday as it flagged possible job cuts with no signs of improvement in sight. Kering’s first-quarter sales, marked by a 14% annual decline with a 25% drop at Gucci came in below …
Kering sales drop more than expected in first quarter as Gucci crisis deepens Read More »
WASHINGTON (Reuters) -The Bank of England is taking very seriously the risk to economic growth from the upheaval in global trade, Governor Andrew Bailey said on Wednesday, two weeks before the BoE’s next interest rate decision and its latest economic forecasts. Bailey, speaking on the sidelines of the International Monetary Fund’s spring meetings that have …
BoE must take trade war risk to growth very seriously, Bailey says Read More »
By William Schomberg WASHINGTON (Reuters) – British finance minister Rachel Reeves announced steps on Wednesday to prevent the dumping of goods with unfairly low prices into the country which could surge as a result of U.S. President Donald Trump’s sky-high tariff on imports from China. Reeves, who wants to smooth the way for trade deals …
UK moves to protect businesses against dumped imports Read More »
(Reuters) -German sportswear and apparel maker Adidas on Wednesday reported first-quarter sales and profit above expectations, citing growth across all its markets and channels. First-quarter operating profit jumped 82% to 610 million euros ($692 million), the group said, resulting in a margin of 9.9%. Analysts, in a company-provided consensus, had expected a margin of 8.9% …
Adidas posts forecast-beating quarterly profit on strong sneaker demand Read More »
MILAN (Reuters) -Italian energy contractor Saipem said on Wednesday its first-quarter core earnings jumped 31% year on year driven by the group’s offshore engineering and construction activities. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 351 million euros ($398.00 million), beating an analyst consensus of 339 million euros compiled by LSEG. …
Saipem reports 31% rise in first-quarter core profit, confirms guidance Read More »
By May Angel GENEVA (Reuters) -French group Tereos, one of the world’s largest sugar makers, estimated on Wednesday a 9% decline in Europe’s sugar beet planting acreage next season as slumping prices in the bloc take their toll. Thanks to surging sugar exports from Ukraine, high output and falling consumption, European Union sugar prices dropped …
Tereos sees EU sugar beet area falling by 9% next season Read More »
