By Victoria Waldersee SHANGHAI (Reuters) -German carmaker Mercedes-Benz unveiled on Tuesday a new all-electric luxury limousine van series called “Vision V” with some of the vehicles to be produced in China. The vans will have lounge chairs that can fold down into a bed and huge screens that can turn the interior into a private …
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-Fund manager City Of London Investment Group on Tuesday reported a $170 million outflow from emerging markets in the three months to March 31, citing uncertainty from tariffs imposed by U.S. President Donald Trump. Trump’s tariffs have caused turbulence in global markets, creating volatile trading swings across asset classes, clouding the global economic outlook, and …
City Of London reports $170 million emerging markets outflow amid tariff turmoil Read More »
ATHENS -Greece-based financial technology provider Qualco plans to launch an initial public offering to list its shares on the Athens Stock Exchange, it said on Tuesday. Qualco, which offers software for the credit industry and has operations in more than 30 countries, aims to raise up to 70 million euros from the share offering and use …
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(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. There is an old saying that when the U.S. sneezes, the world catches a cold. But if the malady is a self-inflicted wound, is contagion inevitable? There might be a hint of that in Asian markets today given the …
Morning Bid: Trying to contain US market contagion Read More »
TOKYO (Reuters) -British self-driving technology startup Wayve said on Tuesday it has established a new testing and development centre in Japan, its first expansion into an Asian market. Wayve said the new centre will allow it to speed up the development of AI-powered driving software in collaboration with automakers and support testing and developing of …
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BRUSSELS (Reuters) -The European Union is determined to enforce its full digital rule book no matter who is in charge of companies such as X, Meta, Apple and Tiktok or where they are based, Commission President Ursula von der Leyen told Politico. “That’s why we’ve opened cases against TikTok, X, Apple, Meta just to name …
EU says it will enforce digital rules irrespective of CEO and location Read More »
By Darya Korsunskaya and Lidia Kelly (Reuters) -Russia’s economy ministry has cut its forecast for the average price of Brent crude in 2025 by nearly 17% from what it saw the price would be this year in its September calculations, according to documents obtained by Reuters. The ministry envisages in its baseline scenario of economic …
Russia’s economy ministry cuts 2025 Brent price forecast by nearly 17% Read More »
(Reuters) -European equity funds drew massive inflows in the week ended April 16, while U.S. funds faced hefty outflows, as investors continued to shift capital on concerns over U.S. trade tariffs and mounting worries over the strength of the U.S. economy. According to LSEG Lipper data, investors bought a net $11.13 billion in European equity …
Investors pour into European equity funds, flee U.S. on tariff woes Read More »
By Elena Fabrichnaya MOSCOW (Reuters) – The Russian central bank will keep its benchmark rate on hold at 21% at a board meeting on April 25, all 25 analysts who took part in a Reuters poll predicted on Monday, as global economic turbulence adds to concerns about the state of the Russian economy. The government …
Russian central bank expected to keep key rate on hold at 21%: Reuters poll Read More »
By Dave Graham ZURICH (Reuters) -Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became a symbol of globalisation, has resigned as chair of its trustees. The Geneva-based WEF made the announcement on Monday after revealing earlier this month that the …
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