By Carolina Mandl and Laura Matthews NEW YORK (Reuters) -Investors are looking at ways to ward off economic pain now tariffs are here, seeking assets that can ride out a recession and higher inflation or companies that rely less on international trade. The S&P 500 has lost 7.7% since its post-inauguration peak hit on February …
Analysis-Investors hunt for tariff-proof trades as new trade reality hits Read More »
DUBLIN (Reuters) – Ireland has no reason at the moment to change its forecast that tax revenue will rise this year, with any impact from U.S. tariffs on the European Union unlikely to be felt immediately, Finance Minister Paschal Donohoe said. Donohoe said it was likely that the impact would first be felt on consumption …
Ireland will not downgrade tax forecasts on tariff threat, finance minister says Read More »
MILAN (Reuters) – UniCredit will continue to evaluate in the coming months whether to proceed with its proposed buyout bid for Banco BPM, and any decision would be taken only towards the end of June, a person close to the Italian bank said. “The bank will decide whether or not to continue with the transaction …
UniCredit to wait until end-June for any decision over Banco BPM’s offer, source says Read More »
GOTHENBURG, Sweden (Reuters) -Volvo Cars’ new top executive said on Thursday the company would produce more cars in the U.S. while ramping up its regionalisation efforts, just as a 25% U.S. tariff on global autos takes effect. European companies are scrambling to find solutions as President Donald Trump’s 25% duties on foreign cars became effective …
Volvo Cars’ new CEO vows to produce more cars in US Read More »
(Reuters) – Greece’s Public Power Corporation plans to invest 5.75 billion euros ($6.4 billion) in the country’s Western Macedonia region to create a green energy and technology hub for Greece and southeastern Europe, the company said on Thursday. The plan includes a 2.3-billion-euro, 300 megawatt data center at the Agios Dimitrios power plant. The facility, …
Greece’s PPC to invest $6.4 billion to create green energy and tech hub Read More »
DUBLIN (Reuters) – Ireland collected 9% more tax year-on-year in the first quarter excluding one-off proceeds from a ruling on Apple back taxes, growth that was once again propelled by booming corporate taxes, the finance ministry said on Thursday. Ireland has collected record levels of tax in each of the last four years, mainly due …
Irish Q1 underlying tax take up 9% ahead of expected Trump hit Read More »
BERLIN (Reuters) – Volkswagen is launching a new version of its Amarok mid-size pick-up truck targeted at the South American market from 2027, the carmaker said on Thursday, in the latest example of auto industry players localising production. VW is investing $580 million to refit its Pacheco plant in the province of Buenos Aires, which …
VW to build Amarok for South American market in Argentina from 2027 Read More »
(Reuters) – The National Highway Traffic Safety Administration said on Thursday that it is recalling about 105,322 SUVs over concerns related to their seat belts. The recall impacts Ford Expedition and Lincoln Navigator vehicles from model years 2018 to 2020. The auto safety regulator said that seat belt pretensioners for drivers and/or front passengers may …
Ford recalls over 105,000 SUVs on seat-belt concern Read More »
By David Latona and Corina Pons MADRID (Reuters) -Spain on Thursday was one of the few major economies to offer up a concrete solution to help weather the impact of new U.S. tariffs, offering its companies a financial package of loans and direct aid worth 14.1 billion euros ($15.66 billion). The tariffs announced by U.S. …
Spain unveils $15.7 billion plan to soften blow from US tariffs Read More »
(Reuters) – The Luxembourg-based steel group Aperam said on Thursday it would explore potential exemptions from announced U.S. tariffs, along with its U.S. customers. The long-term impact of the tariffs on the U.S. economy remains uncertain and could influence any investment decisions, Aperam told Reuters in an emailed statement. “Unfortunately, the current lack of regulatory …
Steelmaker Aperam to seek potential exemptions from US tariffs Read More »
