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ZURICH (Reuters) – A Swiss National Bank paper on Tuesday urged caution in interpreting Switzerland’s foreign trade statistics, as greater global demand for the gold it refines has inflated its trade surplus with key partners like the United States. Swiss officials were stunned last week when U.S. President Donald Trump imposed bigger import tariffs on …

SNB paper urges caution on interpreting Swiss foreign trade data due to gold demand Read More »

COPENHAGEN (Reuters) – Denmark’s Arla Foods plans to merge with smaller German rival DMK Group to form Europe’s biggest dairy cooperative owned by more than 12,000 farmers, the two companies said in a joint statement on Tuesday. The merged entity will carry the Arla name, and Peder Tuborgh, current Arla CEO, will become head of …

Denmark’s Arla plans dairy tie-up with Germany’s DMK Read More »

FRANKFURT (Reuters) – European Central Bank Vice-President Luis de Guindos said on Tuesday he was “relatively optimistic” about Europe’s chances of navigating trade tensions with the United States. “I’m relatively optimistic,” he told an event in Spain. “From Europe’s point of view, this has been a wake-up call. We’ve realised we have to be more …

ECB’s de Guindos ‘relatively optimistic’ in face of trade tensions Read More »

By Amanda Cooper LONDON (Reuters) – The pound was mostly steady on Tuesday, stabilising after several days of volatile trading from the market rout induced by U.S. President Donald Trump’s wide-ranging import tariffs, which have raised the risk of a global recession. Prime Minister Keir Starmer on Monday said Britain would try to secure an …

Sterling steadies as tariff firestorm abates Read More »

BERN (Reuters) – Switzerland’s financial market regulator sees a lot of uncertainty and volatility in the financial sector as a result of market turmoil, but no liquidity bottlenecks so far, FINMA CEO Stefan Walter told Reuters on Tuesday. However, such bottlenecks could occur with a time lag, Walter added, pointing out specific risks: “It is …

FINMA sees no liquidity bottlenecks so far but monitoring market turmoil Read More »

MOSCOW (Reuters) – Russia’s budget deficit narrowed to 1% of gross domestic product (GDP), or 2.17 trillion roubles ($25.5 billion), in the first quarter of 2025, compared to 1.3% of GDP in the first two months, the finance ministry said on Tuesday. The ratio remains substantially higher than in the first quarter of last year, …

Russia’s Q1 budget deficit narrows to 1% of GDP Read More »

BERN (Reuters) – FINMA’s stress tests are more stringent than current market turbulences, the Swiss financial market regulator’s CEO Stefan Walter said on Tuesday, reacting to a question about turmoil in the wake of trade tariffs imposed by the United States. FINMA was closely following market developments and maintained contacts with the institutes it supervises, …

Switzerland’s FINMA says its stress tests more stringent than current market events Read More »

By Eric Onstad LA ROCHELLE, France (Reuters) – Chemicals group Solvay launched an expansion on Tuesday to regain its previous strength in processing rare earths, hoping to attract customers after China imposed new barriers. On Friday, China implemented export restrictions on certain rare earth elements, a group of 17 minerals, as part of its sweeping …

Solvay launches rare earth processing expansion amid China restrictions Read More »