By Rajesh Kumar Singh and Doyinsola Oladipo CHICAGO/NEW YORK (Reuters) – U.S. airlines were flying high less than two months ago on talk of a new golden age, as strong travel demand and tight industry-wide capacity raised the prospect of a multi-year profit boom. But President Donald Trump’s broad tariffs and a crackdown on government …
Analysis-Economic turbulence shakes US airlines as travel demand falters Read More »
By Yoruk Bahceli LONDON (Reuters) – The euro zone’s economic recovery may have been held back by households’ “misperception” of inflation and income, which has made them reluctant to spend, European Central Bank board member Isabel Schnabel said on Thursday. Policymakers and economists have long been puzzled by how little of their income euro zone …
Euro zone consumers may be put off by inflation ‘misperception,’ ECB’s Schnabel says Read More »
ZURICH (Reuters) – Proxy advisory firm Ethos on Thursday urged UBS shareholders to reject the bank’s remuneration, share buyback program and sustainability report at its upcoming annual general meeting. Ethos said UBS’s executive pay was too high compared to European peers. “Such high payments and the very high leverage for variable remuneration can encourage excessive …
Ethos rejects UBS pay, buybacks and sustainability report Read More »
MADRID (Reuters) – The chair of Spain’s Santander, Ana Botin, on Thursday urged authorities to let European lenders use capital buffers to support growth and investments in the defence sector amid growing geopolitical risks. EU countries are looking to boost defence spending by at least 800 billion euros ($863 billion) over four years after a …
Santander’s Botin wants EU to let banks use buffers for defence investment Read More »
By Elizabeth Howcroft PARIS (Reuters) – France’s state-owned investment bank, Bpifrance, plans to spend up to 25 million euros ($26.95 million) on little-known cryptocurrencies in a bid to support France’s crypto businesses, it said on Thursday. The bank has previously spent 150 million euros on investments in blockchain-related projects, including “limited amounts” of investments in …
French state bank Bpifrance builds fund to buy cryptocurrencies Read More »
LONDON (Reuters) -China-owned British Steel said it could close its two blast furnaces as soon as June with the potential loss of up to 2,700 jobs, as U.S. tariffs and environmental costs threaten to damage its already struggling operations. British Steel, owned by China’s Jingye Group, has warned for years that steelmaking in Scunthorpe, north …
British Steel warns of 2,700 job losses from blast furnace closures Read More »
By Christoph Steitz and Emma-Victoria Farr FRANKFURT (Reuters) – Morgan Stanley is working with Goldman Sachs to explore the sale of its majority stake in German renewable project developer PNE, two people familiar with the matter said, a process that could trigger a bid for the 1.09 billion euros ($1.17 billion) firm. Goldman Sachs has …
(Reuters) -Serbia still hopes for a reprieve on U.S. sanctions on the country’s sole oil refinery, even as discussions to prevent them by a deadine on Friday appear to have failed, President Aleksandar Vucic said on Thursday. A waiver on sanctions is due to expire at midnight on March 28 and, if not extended, the …
Serbia risks losing access to oil imports as sanctions deadline looms, Vucic says Read More »
By Maggie Fick and Lucy Raitano LONDON (Reuters) -Novo Nordisk shares have fallen 25% so far in March and are on track for their biggest monthly drop since July 2002, as investor worries intensify that the obesity drug market pioneer has lost its edge over U.S. rival Eli Lilly. The Danish drugmaker’s launch of weight-loss …
Novo shares on track for biggest monthly fall since 2002, investor worries grow Read More »
By Nora Eckert and Victoria Waldersee DETROIT/BERLIN (Reuters) – U.S. President Donald Trump’s announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries, many of which are U.S. allies. The new levies …
US auto tariffs shake global industry as higher prices, job losses loom Read More »
