By David Milliken LONDON (Reuters) -The Bank of England said on Thursday that it was postponing an auction of 600 million pounds ($774 million) of long-dated government bonds due on April 14 “in light of recent market volatility”. BoE Deputy Governor Sarah Breeden said the move was a precaution and should not be read as …
Bank of England delays long-dated gilt auction due to market turmoil Read More »
PARIS (Reuters) – French automotive suppliers Novares and Valeo are asking customers to cover the full cost of new U.S. duties upfront, company executives said, underlining the hit to global carmakers from President Donald Trump’s tariffs on car imports. The U.S. began collecting tariffs of 25% on foreign auto imports from April 3, which Trump …
Auto suppliers Novares, Valeo demand upfront payment to cover tariff cost Read More »
By Ariane Luthi LUCERNE, Switzerland (Reuters) -UBS Chairman Colm Kelleher on Thursday reiterated the Swiss bank’s intention to repurchase shares to the tune of $3 billion in 2025, despite looming capital rule changes in the country and global economic uncertainty. The bank plans to repurchase $1 billion in shares in the first half of 2025 …
UBS sticks to $3 billion share buyback plan despite capital changes, global uncertainty Read More »
(Reuters) -Tide detergent maker Procter & Gamble has been identified as the subject of an EU antitrust regulators’ investigation initiated last month that had also targeted Coca-Cola bottlers, Bloomberg reported on Thursday citing people familiar with the matter. The European Commission had conducted inspections at the premises of companies active in the non-alcoholic drinks sector …
LONDON (Reuters) – Bank of England Deputy Governor Sarah Breeden said the impact on UK inflation from U.S. President Donald Trump’s trade tariffs – and the implications for interest rates – remained unclear even if Washington’s new policies were likely to lower growth. “Overall, tariffs are likely to lower UK growth,” Breeden told an MNI …
BoE’s Breeden says interest rate implications from US tariffs unclear Read More »
MILAN (Reuters) – Italian wine and spirits trade group Federvini said on Thursday that U.S. President Donald Trump’s decision to pause most tariffs represents “a step in the right direction”, but the remaining 10% duty and uncertainty are a drag on the sector. “A 10% tariff may be manageable in the short term, but it …
Italian wine group welcomes U.S. tariffs pause but wants certainty Read More »
SARAJEVO (Reuters) – The European Bank for Reconstruction and Development on Thursday launched a programme worth 377 million euros ($417 million) to help small and medium-sized enterprises develop new technologies in the Western Balkans. The programme, developed with the support of the European Union, will combine loans, grants and technical assistance for investments in digitalisation, …
EBRD launches $417 million programme to help Western Balkans ‘go digital’ Read More »
MOSCOW (Reuters) – Russia is planning to soften capital controls on new foreign investments, a senior finance ministry official said on Thursday, opening the door for companies – including Western ones – looking to return to the Russian market. Russia banned foreign companies from withdrawing their assets from the country, requiring them to keep assets …
Russia plans to soften capital controls on new investments Read More »
WARSAW (Reuters) -Europe must remove barriers to bank mergers as a fragmented financial landscape with differing national rules and customs leaves the bloc vulnerable to shocks and instability, European Central Bank supervisor Claudia Buch said on Thursday. Europe’s largest banks are far smaller than their U.S. counterparts and the ECB regularly argues for more mergers …
ECB warns that fragmented EU bank scene is vulnerable to shocks Read More »
By Corina Pons MADRID (Reuters) – Deep-pocketed U.S. citizens paid the highest prices for Spanish property of all foreign buyers last year, while making the most purchases in some central and northern regions, data showed on Thursday, exacerbating a housing crisis in the country. Unlike northern Europeans who have long sought refuge from harsher climates …
US buyers pay highest prices to snap up Spanish property Read More »
