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By Philip Blenkinsop BRUSSELS (Reuters) – European Commission President Ursula von der Leyen said on Tuesday that the European Union had a “strong plan” to retaliate against tariffs imposed by U.S. President Donald Trump, although it preferred a negotiated solution. The Trump administration put in place tariffs on imported steel and aluminium in March and …

Explainer-What are the EU’s options in response to Trump tariffs? Read More »

By Anmol Choubey (Reuters) – Gold prices rose to touch a new record high on Tuesday, as investors turned to the safe-haven asset ahead of U.S. President Donald Trump’s planned announcement of sweeping tariffs on countries that have a trade imbalance with the U.S. Spot gold was up 0.3% at $3,132.43 per ounce as of …

Gold maintains record rally as tariff fears spur demand Read More »

By Nicholas P. Brown and Helen Reid NEW YORK/LONDON (Reuters) – Nike could soon face another blow in its effort to revive its brand and reverse a long decline in sales: U.S. tariffs on imports from Vietnam.  On Wednesday, U.S. President Donald Trump is expected to announce which countries and products he will target with …

Analysis-US tariffs on Vietnam would be a blow to Nike and other sportswear brands Read More »

By Sam Tobin LONDON (Reuters) -Britain’s financial watchdog told the UK’s Supreme Court that a landmark ruling on motor finance commissions went “too far,” as a key appeal which will inform a potentially multi-billion pound consumer redress scheme began on Tuesday. British lender Close Brothers and South Africa’s FirstRand are seeking to overturn a judgment …

UK Supreme Court ruling on motor finance commissions went ‘too far,’ watchdog says Read More »

By Ananya Mariam Rajesh (Reuters) -Capri Holdings’ finance and operations head, Thomas Edwards, will leave the U.S. luxury holding company to assume similar roles at department store chain Macy’s. At Macy’s, Edwards, who will join in June, will help strengthen CEO Tony Spring’s years-long turnaround efforts, which have focused on cost cutting and boosting luxury …

Michael Kors owner Capri’s finance head jumps ship to Macy’s Read More »

By Echo Wang, Charlie Conchie and Anousha Sakoui (Reuters) – A global trade war kicked off by U.S. President Donald Trump and the ensuing market turmoil soured bankers’ predictions for a robust start to a blockbuster year for deals on Wall Street. First-quarter mergers and acquisitions volume rose 12.6% to $984.38 billion from year-ago period, …

Trump tariffs hinder M&A and IPOs in what was supposed to be a blockbuster quarter Read More »

(Reuters) -Bayer said on Tuesday it was preparing market launches this year of two new drugs that could each have annual peak sales of at least $1 billion, as it seeks to strengthen its pharmaceuticals business amid a high debt burden. In a statement, the German maker of drugs and agricultural supplies said it would …

Bayer eyes launch of menopause relief, heart drugs this year Read More »

FRANKFURT (Reuters) – Euro zone inflation eased as expected last month and a key measure of underlying price pressures also fell, likely adding to already widespread expectations for another European Central Bank interest rate cut later in April. Consumer price growth in the 20 nations sharing the euro eased to 2.2% in March from 2.3% …

Euro zone inflation drops in likely boost for rate cut bets Read More »