By Joan Faus BARCELONA (Reuters) – Spanish fashion retailer Mango is adapting to tariffs imposed by the Trump administration on imports from China and could rethink the types of products it sells in the U.S., which is its fifth-largest market, the company’s chief executive said. Mango does not plan to raise prices to offset the …
Spanish fashion retailer Mango adapting to US tariffs, CEO says Read More »
(Reuters) – Italian payments group Nexi said in a statement on Tuesday it had signed a financing package for 2.9 billion euros ($3.15 billion) with the aim of repaying corporate loans ahead of their maturities in 2027. The package, increased from an initial offering of 2 billion euros on the firm’s 2026 IPO facilities, entails …
Nexi signs financing package for $3.1 billion to cover debt maturities Read More »
By Valentina Za, Stefano Bernabei and Gianluca Semeraro MILAN (Reuters) -Leading Generali investor Francesco Gaetano Caltagirone aims to name up to six directors at the insurer but stop short of proposing a new candidate for the chief executive role as part of a new board, two sources said. Unlike three years ago, when Caltagirone backed …
Generali investor Caltagirone has no plans to propose own CEO candidate, sources say Read More »
By Andres Gonzalez and Pietro Lombardi MADRID (Reuters) – Spanish energy company Iberdrola is seeking a partner willing to buy a minority stake in a roughly 1 gigawatt renewables portfolio, according to two people familiar with the matter. The sources described the project as “Romeo 2.0,” referring to a 1.3 GW portfolio of wind and …
Iberdrola seeks partner for 1 GW renewables portfolio, sources say Read More »
(Reuters) – German consumer goods company Henkel on Tuesday said it would repurchase shares for up to 1 billion euros ($1.08 billion), with the aim to potentially cancel them and reduce its capital stock accordingly. The company said it would buy back preferred shares in the company for up to 800 million euros and ordinary …
Henkel to launch share buyback programme of up to 1 billion eur Read More »
ZURICH (Reuters) – If Switzerland draws up regulation for its systemically important banks that is too onerous, it could make UBS consider leaving the country, the head of the Swiss Bankers Association (SBA) was quoted as saying on Tuesday. Switzerland is in the process of crafting stricter rules for the banking sector following the 2023 …
Bank lobby warns excess regulation could make UBS mull leaving Switzerland Read More »
A look at the day ahead in European and global markets from Tom Westbrook U.S. stocks finally caught up overnight with what currency and bond markets have been saying for several weeks: A slowdown is coming. The Nasdaq’s 4% fall was its steepest in two-and-a-half years. Bond yields fell sharply and markets are now pricing …
Morning Bid: Tariffs topple stocks, no sign of ‘Trump put’ Read More »
(Reuters) – Standard Chartered said on Tuesday that its global private banking unit had launched an investment platform specifically tailored for its ultra-high-net-worth clientele. The Private Markets Co-Investment Club (CIC) is designed to cater to increasing demand from these high-end investors for efficient, institutional-grade private market portfolios, the global bank said. StanChart said the club …
Standard Chartered launches exclusive investment club for ultra-wealthy clients Read More »
By David Milliken LONDON (Reuters) – British consumer spending lost momentum last month after a bounce at the start of the year, despite households’ rising confidence in their personal finances and the broader economy, surveys of retailers and consumers showed on Tuesday. The British Retail Consortium said sales at its member stores – mostly large …
UK retail sales slow after January bounce, BRC data shows Read More »
BRUSSELS (Reuters) – Euro zone finance ministers are worried that the change of policy under the new U.S. administration to embrace cryptocurrencies could affect euro zone monetary sovereignty and financial stability, top officials said on Monday. Last week, U.S. President Donald Trump, who vowed to be a “crypto president” in his campaign, signed an executive …
EU worries US embrace of crypto assets could impact Europe financial stability Read More »
