LISBON (Reuters) – A widening global tariffs war is unlikely to speed up inflation in Europe and could end up having a negative impact on prices, European Central Bank policymaker and Bank of Portugal Governor Mario Centeno said on Thursday. “I don’t see how we can come out of this trade war scenario with an …
ECB’s Centeno: trade war unlikely to spur inflation Read More »
By Susanna Twidale LONDON (Reuters) – Britain is actively considering the case for linking its Emissions Trading System (ETS) with the European Union’s carbon market ahead of a UK-EU Summit in May, the government said on Thursday. Britain is seeking enhanced cooperation on security, law enforcement and on removing trade barriers with the EU, when leaders …
Britain considering linking with EU carbon market Read More »
ROME (Reuters) -Italy will begin exclusive talks with an Azeri consortium about the sale of Italian steel company Acciaierie d’Italia (ADI), formerly known as Ilva, Industry Minister Adolfo Urso and ADI said on Thursday. ADI said in a statement that the consortium investors interested in taking it over are Baku Steel and Azerbaijan Investment Company …
Italy to begin exclusive talks with Azeri consortium over sale of Ilva steelworks Read More »
(Reuters) -Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter. The tech giant has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million last year, the …
Apple losing over $1 billion a year on streaming service, the Information reports Read More »
By Polina Devitt and Eric Onstad LONDON (Reuters) – Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three years ago in the first ever enforcement action against a UK exchange. The Financial Conduct Authority imposed a penalty of 9.2 million pounds ($11.9 million) on …
UK watchdog fines London Metal Exchange over handling of 2022 nickel crisis Read More »
(Reuters) – The FTSE 100 closed little changed on Thursday, after the Bank of England kept interest rates unchanged and warned against expectations of future cuts given an increasingly uncertain economic outlook. The blue-chip FTSE 100 was flat, and the midcap FTSE 250 index slipped 0.1%. The BoE held interest rates at 4.5% as expected, …
UK stocks subdued after BoE highlights economic uncertainty Read More »
(Reuters) -UBS Group AG is exploring options to relocate its headquarters if Switzerland enforces a requirement for the bank to hold an extra $25 billion in capital, Bloomberg News reported on Thursday, citing people familiar with the matter. Internal estimates suggest the extra buffer could push UBS’s key capital ratio to roughly 20% under the …
UBS could relocate Swiss HQ if capital demand is not reduced, Bloomberg News reports Read More »
By Jesús Aguado BARCELONA (Reuters) – The chairman of Spain’s Sabadell urged the government to be transparent about any conditions it may put on the hostile takeover bid the bank faces from bigger rival BBVA, as shareholders weigh whether to tender their shares. The government opposes a deal that valued Sabadell at more than 12 …
Sabadell urges Spanish government to be transparent on BBVA takeover bid Read More »
By William Schomberg and Suban Abdulla LONDON (Reuters) – The Bank of England kept interest rates on hold and warned investors against assuming they would be cut quickly as it grappled with deep uncertainty hanging over the British and world economies. The BoE’s rate setters voted 8-1 to keep borrowing costs at 4.5%, with only …
Bank of England raises prospect of pause in rate cuts as uncertainty mounts Read More »
By Hyunjoo Jin, Norihiko Shirouzu and Heekyong Yang SEOUL (Reuters) – Hyundai Motor and General Motors are close to finalizing a deal for Hyundai to share two electric commercial van models with the U.S. auto giant, according to a source familiar with the talks and Hyundai documents reviewed by Reuters. In return, GM might provide …
