Reuters UK Business

Rheinmetall overtakes Volkswagen’s market value as defence rally continues

13 Mar 2025

By Christoph Steitz FRANKFURT (Reuters) -Rheinmetall, Europe’s biggest ammunition maker, has overtaken the continent’s top carmaker Volkswagen in terms of market value, in the latest sign of soaring investor demand for defence stocks. Rheinmetall’s market capitalisation stood at around 56.6 billion euros ($61.5 billion) as of 1044 GMT, compared with around 55.4 billion euros for …

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Trump’s tariffs drive US physical market aluminium premiums to record high

13 Mar 2025

(This March 5 story has been corrected to change the country from Saudi Arabia to the United Arab Emirates in paragraph 12) By Pratima Desai LONDON (Reuters) – Price premiums for aluminium on the physical market in the United States have surged to a record high due to the looming threat of tariffs on imports …

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Bank of England allots record 61 billion pounds in short-term repo

13 Mar 2025

(Reuters) – The Bank of England on Thursday allotted a record 61.146 billion pounds ($79.18 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 58.208 billion pounds set last month. ($1 = 0.7722 pounds) (Reporting by Andy Bruce; editing by David Milliken)

ECB’s Rehn says U.S. administration must be encouraged to avoid ‘very harmful’ tariffs

13 Mar 2025

BERLIN (Reuters) – Olli Rehn, an ECB policymaker, said that the U.S. administration must be encouraged to avoid leveraging “unnecessary and very harmful” tariffs on Europe through a negotiations solution. “The simple conclusion is that we should aim at a negotiated solution,” said the Finnish central bank governor at a policy panel in Berlin on …

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E-commerce firm Allegro plans to add 2,500 parcel lockers in Poland in 2025

13 Mar 2025

(Reuters) – E-commerce firm Allegro plans to expand its parcel locker network by 2,500 units in its home market Poland this year, as it focuses on increasing the share of parcels delivered through the service it manages, its finance chief told Reuters. “We’re really focused on increasing the share of parcels that go through what …

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Russian diesel continues to flow to Syria on US-sanctioned tankers, data shows

13 Mar 2025

MOSCOW (Reuters) – A second tanker under U.S. sanctions is moored near the Syrian port of Banias and may deliver a diesel cargo from Russia, data shows, as Moscow and Damascus strengthen ties. Moscow backed former Syrian autocrat Bashar al-Assad during more than a decade of civil war in Syria, but wants to improve relations …

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Euro zone industrial output grows quicker than expected in January

13 Mar 2025

FRANKFURT (Reuters) – Euro zone industrial production grew faster than forecast in January, driven by a quick expansion in Germany, which erases some but not all earlier losses, data from Eurostat showed on Thursday. Industrial production in the 20 countries sharing the euro grew by 0.8% on the month, more than the expected 0.6%, as …

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