(Reuters) -Shares in European lenders extended losses on Friday amid a deep selloff in equities sparked by U.S. President Donald Trump’s sweeping tariffs. A basket of the region’s banks was down 3.3% to its lowest since early February at 0710 GMT after falling 5.5% on Thursday. Losses over the past two trading days hit 8.5%, …
European banks extend losses amid tariff selloff Read More »
By Evgenia Novozhenina and Anastasia Bakhur MOSCOW/OMSK, Russia (Reuters) – Elena and Viktor’s apartment is packed with large, colourful rucksacks and the two bicycles they call their “iron horses”. They have quit their regular jobs, seeking better pay and more flexible hours to work full time as delivery couriers. Demand for couriers in Russia has …
Delivery boom draws Russians to courier jobs in search of extra cash Read More »
By Niklas Pollard STOCKHOLM (Reuters) -Swedish headline consumer prices fell 0.5% in March from the previous month and rose 2.3% from the same month a year earlier, flash figures from the statistics office (SCB) showed on Friday, bringing inflation back near the Riksbank’s target. The outcome eases pressure on the Riksbank to adopt a more …
Swedish March flash inflation falls back, easing pressure on Riksbank Read More »
By Dimitri Rhodes and Mathias de Rozario (Reuters) -Sodexo sees no direct impact from U.S. tariffs on its revenue, though there might be some inflationary pressure on imported food items, the French caterer said on Friday. “In the U.S., we’re Americans, our collaborators are Americans, we recruit locally, we source 90% of our supplies locally …
Sodexo sees no direct tariff impact amid slowdown in North American growth Read More »
(Reuters) – French train maker Alstom on Friday announced a more than 150 million euro ($166 million) investment plan aimed at increasing production capacity at its sites in France. Alstom, which makes trains and signalling systems for urban and regional rail networks, added that 20% of the total investment will fund the opening a new …
Train maker Alstom to invest more than 150 million euros in France Read More »
ROME (Reuters) – A pool of banks led by Goldman Sachs is ready to give Prada a 2.5-billion-euro ($2.77 billion) financing line to help the Italian fashion group in its acquisition of Capri Holdings-owned Versace, Italian daily MF reported on Friday. Some 1.5 billion euros would be used for the acquisition, while the remaining 1 …
(Reuters) -An Australian mining union said on Friday iron ore giant Rio Tinto agreed to amend its policies including flight delay compensation to benefit workers at the Paraburdoo project in the Pilbara region of Western Australia. The Mining and Energy Union (MEU) said that Rio Tinto, the world’s biggest iron ore producer, will now compensate …
Rio Tinto amends flight delay policy for Pilbara mine workers, union says Read More »
By Iain Withers LONDON (Reuters) – Office vacancies in London’s Canary Wharf district have reached a record high and could hit as much as 30% in the coming years if the area cannot find tenants to fill 2 million square feet of space becoming vacant, according to property data firm CoStar. The east London financial …
London’s Canary Wharf office vacancies hit new record, data shows Read More »
A look at the day ahead in European and global markets from Wayne Cole It’s been another day of pain in Asia with the Nikkei down 3% and a stomach-churning 9.6% for the week, the biggest drop since the pandemic hit in March 2020. Wall St futures started steady but have since slipped around 0.7% …
Morning Bid: Wall Street has most to lose from trust lost Read More »
MEXICO CITY (Reuters) -Sweden’s AB Volvo will increase its investment in the truck factory it is building in the northern Mexican state of Nuevo Leon to $1 billion, Mexico’s Economy Minister Marcelo Ebrard said on Thursday. Volvo announced in August that it had chosen a site on the outskirts of the industrial hub Monterrey in …
Volvo to boost Mexico plant investment to $1 billion, minister says Read More »
