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ECB’s Villeroy says Trump policies have eroded confidence in US dollar

PARIS (Reuters) -US President Donald Trump’s policies in recent weeks have eroded confidence in the US dollar, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday. Speaking on France Inter radio, Villeroy – who is also head of the Bank of France – said the protectionism and unpredictability of the Trump administration …

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Corporate credit tremors in aftershock of tariff-led stock rout

By Naomi Rovnick, Harry Robertson and Sinead Cruise LONDON (Reuters) -The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With U.S. Treasuries nursing huge losses on Wednesday …

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Porsche shipped added inventory to US ahead of tariffs, analyst note says

BERLIN (Reuters) – Porsche has shipped added inventory to the United States to get ahead of tariffs and kept prices constant for orders made in March, executives told analysts and investors in a call on Wednesday, according to a note by Bernstein Research. The luxury carmaker expected an operating margin below its annual guidance of …

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Exclusive-Chinese sellers on Amazon to hike prices or exit US as tariffs soar

By David Kirton SHENZHEN, China (Reuters) -Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that market due to President Donald Trump’s unprecedented tariff hikes, sellers and the head of China’s largest e-commerce association said. Trump said on Wednesday he would raise tariffs on Chinese imports to …

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Trump tariffs to have impact on cost of Orsted’s US projects, CEO tells FT

(Reuters) – Denmark’s Orsted would have a “meaningful impact” on the cost of its projects in the U.S. due to President Donald Trump’s tariffs, CEO Rasmus Errboe told the Financial Times in an interview published on Thursday. Errboe told the newspaper that Revolution Wind and Sunrise Wind, Orsted’s two large wind projects in the U.S., …

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Wall Street bosses fear anti-American backlash as Trump’s trade war intensifies

NEW YORK/LONDON (Reuters) – Wall Street bosses are girding for Europe to sideline American investment banks in response to the tariff war unleashed by U.S. President Donald Trump, fearing client boycotts and in a worst-case scenario, even formal restrictions. More than half a dozen senior bankers and advisers told Reuters they are bracing for European …

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Givaudan tops sales estimates as growth holds strong outside of North America

(Reuters) -Swiss fragrance and flavour maker Givaudan on Thursday reported quarterly sales slightly above market forecasts as organic growth held strong outside of North America, and said it was highly likely to exceed its five-year growth target until end-2025. Revenue rose 7.4% on a like-for-like, or organic, basis to 1.98 billion Swiss francs ($2.32 billion) …

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Climate activist shareholder group Follow This pauses big oil campaign

LONDON (Reuters) – Climate activist shareholder group Follow This said on Thursday a lack of investor appetite has forced it to suspend its nearly decade-long campaign seeking stronger commitments from major oil and gas producers to emission cuts. The Dutch group started filing climate resolutions at shareholder meetings in 2016, reaching shareholder support in subsequent …

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End of tax breaks and economic uncertainty weighs on UK housing market, RICS survey shows

LONDON (Reuters) – Britain’s housing market lost steam last month as demand faded from buyers who had been rushing to purchase homes before tax incentives ended, while concerns mounted about the outlook for the UK and global economy, a survey showed. The Royal Institution of Chartered Surveyors’ measure of new buyer enquiries fell to its …

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