FRANKFURT (Reuters) – Some European Central Bank policymakers see a high chance of a further interest rate cut in June as a trade war and the associated market turmoil dent the economic outlook, four sources told Reuters. The ECB lowered borrowing costs for the seventh time in a year on Thursday but President Christine Lagarde …
HELSINKI (Reuters) – Denmark’s central bank cut its key interest rate by 25 basis points to 1.85% on Thursday, following the European Central Bank’s decision earlier in the day to cut euro zone rates. “The interest rate reduction is a consequence of the reduction by the European Central Bank of its main monetary policy rate, …
Denmark’s central bank cuts key interest rate by 25 basis points Read More »
By Shadia Nasralla SUNBURY-ON-THAMES, England (Reuters) -BP’s CEO Murray Auchincloss and Chair Helge Lund were re-elected on Thursday, although the sharply reduced level of shareholder support for Lund could mean his previously announced departure happens sooner than expected. BP’s board was up for re-election at its annual general meeting as the group faces activist shareholder …
BP shareholders punish chair Helge Lund with low support Read More »
By Alban Kacher and Anna Peverieri (Reuters) -Belgium’s supreme administrative court on Thursday suspended an order by the country’s SNCB national rail company, the biggest the company has placed, with Spain’s CAF, Belga news agency reported on Thursday. CAF was appointed as the preferred bidder against France’s Alstom and Siemens of Germany at the end …
Belgian court halts SNCB’s 1.7 billion-euro train order, Belga reports Read More »
By Francesca Landini, Valentina Za and Robert Harvey MILAN/LONDON (Reuters) -Global commodity traders including Glencore and Gunvor are looking at the possibility to buy oil refiner Italiana Petroli (IP) API group, two sources said on Thursday, adding that binding bids for the company are due by the end of May. State Oil Company of Azerbaijan …
Commodity traders to submit bids for Italy’s IP by May, sources say Read More »
By John Revill ZURICH (Reuters) – Swiss engineering group ABB is expanding its local production in the United States and other countries to mitigate the impact of tariffs imposed by U.S. President Donald Trump, Chief Executive Morten Wierod said on Thursday. ABB has already pledged this year to spend $120 million to expand production of …
ABB to increase local US production to reduce tariff impact Read More »
By Elena Fabrichnaya, Alexander Marrow and Gleb Stolyarov MOSCOW (Reuters) – Three months after U.S. President Donald Trump returned to the White House promising a swift end to the conflict in Ukraine and sparking an early flurry of excitement that Western companies could come flooding back to Russia, realism has set in. Moscow is putting …
Russian barriers to re-entry stymie prospects of Western companies’ return Read More »
By Emma-Victoria Farr and Christoph Steitz FRANKFURT (Reuters) – TK Elevator’s owners are weighing the United States as a location for a potential initial public offering next year, despite market turmoil triggered by U.S. tariffs slowing the pace of dealmaking, three people with knowledge of the matter told Reuters. Deliberations are at an early stage …
Exclusive-TK Elevator owners weigh US for potential multi-billion euro IPO, sources say Read More »
By Mathieu Rosemain and Charlie Conchie PARIS/LONDON (Reuters) – BNP Paribas embarked on a 5.1 billion euro ($5.8 billion) purchase of an asset management business last year expecting regulators would let it through with minimal impact on the bank’s capital, people familiar with the matter said, a model some peers were keen to replicate. But …
Regulatory snag in BNP’s AXA IM bid may cast doubt on similar deals, sources say Read More »
By Olena Harmash KYIV (Reuters) -Ukraine’s central bank kept its key interest rate unchanged at 15.5% on Thursday and said it expected consumer price inflation to start declining this summer. It warned, however, that global trade disputes as well as wartime challenges would limit Ukraine’s economic recovery this year. In a statement, it downgraded its …
Ukraine’s cenbank holds key rate at 15.5%, sees slower 2025 economic growth Read More »
