(Reuters) -British healthcare REIT Assura on Monday said that Britain’s Takeover Panel has extended the deadline for its potential deal with Primary Health Properties to May 5. The PUSU deadline, known as the “put up or shut up” date, requires a potential bidder to either make a firm offer for the target by this date …
UK’s Assura gets deadline extension for potential PHP deal Read More »
LONDON (Reuters) – British Prime Minister Keir Starmer said on Monday that his government’s first reaction to higher tariffs imposed by U.S. President Donald Trump should not be to relax public borrowing rules. Finance minister Rachel Reeves’ fiscal rules – which aim to achieve a balanced current budget by 2029/30 – allow her to suspend …
UK’s Starmer sees no immediate need to loosen fiscal rules after Trump tariff shock Read More »
(Reuters) – Goldman Sachs raised the odds of a U.S. recession to 45% from 35%, the second time it has increased its forecast in a week, amid a growing chorus of such predictions by investment banks due to an escalating trade war. Goldman raised its estimate from 20% to 35% early last week on fears …
Goldman Sachs raises odds of US recession to 45%, second hike in a week Read More »
LONDON (Reuters) -Vanguard’s UK online investment platform experienced IT problems for several hours on Monday with clients facing delays in accessing account information, as global markets slid following U.S. President Donald Trump’s tariff announcements. Hundreds of Vanguard customers experienced problems accessing services in morning trading hours in the UK, according to outages tracking website Down …
Vanguard UK clients faced service delays amid market tumble Read More »
DUSSELDORF (Reuters) – Thyssenkrupp Steel Europe (TKSE) and Salzgitter on Monday called for the EU Commission’s action plan to be implemented as swiftly as possible to shield the sector from U.S. President Donald Trump’s tariff measures. “Europe must not be left defenceless in the face of growing import pressure,” said Gunnar Groebler, CEO of Salzgitter, …
Germany’s big steelmakers call for swift implementation of EU action plan Read More »
LONDON (Reuters) – British Prime Minister Keir Starmer said on Monday he was keeping all options open in relation to the future of the China-owned British Steel plant in Scunthorpe, northeast England. “All options are on the table in relation to Scunthorpe,” Starmer told a press conference, when asked if the government would consider nationalisation …
UK PM says all options on British Steel plant remain on table Read More »
(Reuters) – Poland’s Warsaw Stock Exchange said on Monday it has suspended trading on all markets from 1315 GMT to 1415 GMT due to “security of trading”. The Warsaw bourse’s blue-chip WIG20 index, which plunged as much as 7% on Monday, was down 2% prior to the suspension, which came about 15 minutes before the …
By Giulio Piovaccari MILAN (Reuters) – Chinese electric vehicle giant BYD launched on Monday its premium Denza brand in Europe, aiming to support its expansion in the region and compete with top-end German manufacturers such as BMW and Mercedes. BYD sold over 4.2 million vehicles globally last year, with more than 90% of them in …
BYD launches Denza premium brand in Europe to support expansion Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – A global market rout induced by U.S. President Donald Trump’s tariffs scheme has solidified the case for another ECB rate cut next week and supports arguments for even quicker policy easing from the world’s second largest central bank. The expected economic slowdown induced by the tariffs …
Analysis-ECB rates could fall faster as recession risk mounts Read More »
By Kalea Hall and Nora Eckert DETROIT (Reuters) – U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts. If the current tariffs stay in place until 2035, sales of light-duty vehicles in …
