PARIS (Reuters) – France’s plan to lower its budget deficit to 4.6% of economic output in 2026 from 5.4% this year implies finding 40 billion euros ($45.4 billion) of savings, finance minister Eric Lombard said on Sunday. “I am sticking to the target of 4.6% for 2026, which will require an extra and very considerable …
France’s 2026 deficit target implies 40 billion euros of savings, minister says Read More »
(Reuters) -U.S.-based private equity firm KKR is nearing a deal to buy OSTTRA for about $3 billion, Bloomberg News reported on Saturday, citing people familiar with the matter. The deal could be announced as early as next week, the report said. Bloomberg initially reported that private equity firm GTCR was close to acquiring OSTTRA, a …
KKR nears deal to buy OSTTRA for about $3 billion, Bloomberg News reports Read More »
LONDON (Reuters) – British finance minister Rachel Reeves wrote in a column for the Observer due to be published on Sunday that she wants to achieve “an ambitious new relationship” with the European Union while still negotiating a trade deal with the United States. In a separate article from Reeves’ column on Saturday, the Observer …
UK finance minister eyes closer EU ties, warns ‘profound’ impact of tariffs Read More »
By Sam Tabahriti and Alistair Smout LONDON (Reuters) -Britain moved to take control of British Steel and keep its blast furnaces open on Saturday, as a minister told an emergency parliamentary session that a full nationalisation of the UK’s last maker of virgin steel was becoming increasingly likely. The company, owned by China’s Jingye Group, …
UK to take emergency control of British Steel, with nationalisation on the table Read More »
MILAN (Reuters) -Norges Bank Investment Management (NBIM) plans to back the new share issue proposed by Italian bank Monte dei Paschi di Siena to fund its hostile bid for rival Mediobanca, the sovereign wealth fund said. NBIM, which manages assets of $1.7 trillion deriving from Norway’s oil and gas resources, on Saturday disclosed on its …
Norway’s wealth fund backs Monte dei Paschi’s share issue for Mediobanca bid Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – President Donald Trump’s administration wants to strike 90 trade deals in 90 days, but the challenges to quickly resolving the president’s trade war are already apparent. European Union trade chief Maros Sefcovic will on Monday be among the first foreign trade officials to come to Washington …
Trump trade team chases 90 deals in 90 days. Experts say good luck with that Read More »
(Reuters) – Bank of England interest rate-setter Megan Greene said on Saturday it was unclear what U.S. President Donald Trump’s import tariffs would do to UK inflation with the unpredictable behaviour of the dollar adding to the puzzle. Higher barriers to trade were likely to weigh on economic growth in countries in Europe, Greene said …
Bank of England’s Greene says dollar drop adds to tariff inflation puzzle Read More »
ANTEQUERA, Spain (Reuters) – One of Spain’s leading olive oil producers is pondering an expansion into the U.S. in response to the tariff war unleashed by Washington, just as its peers are rushing out exports while the bulk of new tariffs are still on hold. Spain produces about 40% of the world’s olive oil and …
Spanish olive oil makers mull US investment, rush exports to avoid tariffs Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Benchmark 10-year U.S. Treasury yields registered their biggest weekly rise in more than two decades on Friday, while the dollar fell, in a turbulent week marked by the trade war and a loss of appetite for some U.S. assets. Gold prices hit another record high on Friday after Beijing …
US bond yields rise, dollar down as turbulent week comes to an end Read More »
(Reuters) – At least two BP shareholders said on Friday they are planning to vote against the re-election of the oil major’s outgoing chairman, Helge Lund, to the board following the company’s shift away from renewables. BP’s seventh-biggest shareholder, Legal and General, said it was “deeply concerned” by the company’s decision in February to reduce …
Some BP shareholders plan to vote against chair’s re-election Read More »
