(This April 11 story has been refiled to clarify the meeting date in the first section) By Yoruk Bahceli, Stefano Rebaudo and Dhara Ranasinghe LONDON (Reuters) – The European Central Bank meets on Thursday with all focus on what the tariff chaos means for how much further policymakers will need to cut rates. U.S. President …
How to navigate tariff chaos: Five questions for the ECB Read More »
(Reuters) -Emerging markets-focused fund manager Ashmore on Monday reported $3.9 billion in net outflows in the three months ended March 31, as some large institutional clients redeemed their holdings in currencies near the end of the period. The company’s shares slipped 3.1% to 129.6 pence in early trade, hovering near a 16-year low hit last …
Asset manager Ashmore reports $3.9 billion of quarterly outflows Read More »
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole So the “reciprocal” tariffs are off smartphones and some electronics, but maybe only for a while as they could get their own special tariff once the White House has completed a study of the global supply chain. Or something. …
(Reuters) – Ryanair is considering cutting more flights from medium and small Spanish airports next winter and in 2026 if operator Aena does not lower its fees, newspaper El Economista reported on Monday citing the Irish airline’s CEO Eddie Wilson. Regional airports “need low fees to stimulate growth”, Wilson told El Economista in an interview, …
Ryanair may cut more flights from small Spanish airports, El Economista reports Read More »
(Reuters) -UK-based gas producer Energean said on Monday that its Israeli subsidiary has signed a gas sale and purchase contract with Kesem Energy to supply fuel for a new power plant in Israel. Under the agreement, which represents over $2 billion in revenue, Energean Israel will supply Kesem’s new plant with about 12.5 billion cubic …
UK’s Energean inks new gas supply contract in Israel Read More »
By Mathieu Rosemain PARIS -BNP Paribas, France’s biggest bank, has cut its forecast for the return on invested capital on its 5.1 billion euro ($5.8 billion) acquisition of AXA’s asset management arm, it said on Monday. The French lender said it expected more than 14% in the third year, down from a previously projected 18%. …
BNP Paribas cuts forecast for return on $5.8 billion deal for AXA asset manager Read More »
By David Milliken LONDON (Reuters) – Britain’s biggest companies adopted their most defensive stance since early 2020 in the run-up U.S. President Donald Trump’s April 2 tariff announcements and focused on boosting cashflow, cutting costs and reducing borrowing, a survey showed on Monday. Deloitte’s quarterly survey of chief financial officers at major British firms, conducted …
UK companies focused on cashflow and cost-cutting ahead of Trump tariffs, Deloitte says Read More »
By James Davey LONDON (Reuters) – When Sainsbury’s reports annual results on Thursday all eyes will be on whether Britain’s second-largest food retailer follows industry leader Tesco in forecasting lower profits this year to give it the flexibility to cut prices. Last month, privately owned Asda, the number three player, flagged the start of a …
Sainsbury’s to set out stall, with UK grocers on price war alert Read More »
MADRID (Reuters) -Spanish telecom company Telefonica said on Sunday it had agreed to sell its Peruvian unit, which recently filed for bankruptcy protection, to Argentina’s Integra Tec International for about 900,000 euros ($1.02 million). Telefonica del Peru, the local business that was 99.3% owned by the Spanish company, said it ran into trouble following tax …
Telefonica sells troubled Peruvian unit for $1 million Read More »
By David Milliken LONDON (Reuters) – Britain will not relax its food safety standards as part of any deal to secure lower tariffs on its exports to the United States, business minister Jonathan Reynolds said on Sunday. U.S. President Donald Trump has imposed 10% tariffs on most imports of British goods to the United States …
Looser food standards off the menu in any US-UK trade deal, UK says Read More »
