By Stefano Rebaudo (Reuters) – The pound hit a one-year low versus the euro and a new 7-month low versus the yen on Wednesday, as a U.S. asset selloff spooked investors, triggering a rush into safe-haven currencies. Stocks, the dollar and U.S. Treasuries took a hit on Wednesday, as U.S. tariffs on world economies kicked …
Sterling hits one-year low versus euro as investors rush into safe havens Read More »
By Gergely Szakacs and Anita Komuves BUDAPEST (Reuters) – Magyar Telekom and rival telecoms company One have abandoned plans to adjust their fees to inflation this year, they said on Wednesday, shortly after Hungary’s banks announced fee reductions amid government pressure to lower costs. Hungary has endured the worst inflationary surge in the 27-state European …
Hungarian companies fall in line as Orban fights to tame inflation Read More »
PARIS (Reuters) – France is freezing 5 billion euros ($5.5 billion) of public spending to keep its deficit reduction plans within reach amid slowing growth and uncertainty due to U.S President Donald Trump’s tariffs, said budget minister Amelie de Montchalin. The French government aims to cut its public sector budget deficit to 5.4% of economic …
France freezes 5 billion euros of public spending Read More »
LONDON, April 9 (Reuters) – Risks of a hit to the global economy and further sharp falls in financial markets have grown due to U.S. President Donald Trump’s import tariffs and the UK is exposed to the fallout, the Bank of England said. “The probability of adverse events, and the potential severity of their impact …
Bank of England warns UK is exposed to risks of global hit from Trump tariffs Read More »
HELSINKI (Reuters) – Downside risks have materialised since March that support the case for cutting interest rates at the European Central Bank’s April meeting, ECB policymaker Olli Rehn said on Wednesday. “Since the March meeting, many of the risks identified at that time have now either materialised or are materialising,” Rehn said in a speech …
ECB’s Rehn sees stronger case for ECB rate cut in April amid trade war Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – Euro zone economic growth could fall much more from the impact of U.S. trade tariffs than initially estimated by the European Central Bank and the turmoil could also drag inflation down in the near term, four sources told Reuters. That might leave the bloc’s economy stagnating …
Exclusive-ECB braces for bigger-than-anticipated growth hit from tariffs – sources Read More »
PARIS (Reuters) – The head of France’s Medef business lobby group warned on Wednesday that U.S. tariffs, that are deepening a global trade war, could hit economic growth and lead to a recession. “Of course I am worried,” Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on Fench businesses “The …
Head of France’s Medef business lobby worried about recession risk from U.S. tariffs Read More »
By Jesús Aguado MADRID (Reuters) – The implementation of U.S. tariffs will hit the Spanish and other euro zone economies though the impact on inflation will be less clear, European Central Bank policy maker and Spain’s central bank governor Jose Luis Escriva said on Wednesday. A rout in global financial markets triggered by the U.S. …
ECB’s Escriva says US tariffs will hit economies, effect on inflation less clear Read More »
PARIS (Reuters) – The leader of the main French business federation, Patrick Martin, said on Wednesday he had got it wrong on U.S. President Donald Trump, saying French firms who applauded pro-business policies in January did not imagine he would go ahead with tariffs. Trump stunned business leaders on both sides of the Atlantic when …
After tariffs, French business lobby says it got it wrong on Trump Read More »
(Reuters) -International Distribution Services on Wednesday said Royal Mail was concerned that regulator Ofcom’s proposed changes to the universal service obligation and new reliability targets could add significant costs. Ofcom, which is the regulatory authority for broadcasting, telecommunications, and postal services, had proposed changes to Royal Mail’s obligations due to declining letter volumes. Royal Mail …
Royal Mail raises concerns over proposed Ofcom changes Read More »
