(Reuters) – Spain’s seasonally- and calendar-adjusted industrial output fell 1% in January from the same month a year earlier, official data from the country’s national statistics institute (INE) showed on Friday. INE also revised down the year-on-year figure for the month of December to 2.0% expansion from an original 2.1%. (Reporting by Marta Serafinko in …
Spain’s January industrial output falls 1% year-on-year Read More »
LONDON (Reuters) -Investors continued to plough money into European equities in the week to Wednesday, Bank of America said on Friday, citing data from EPFR, as the region maintained its year-to-date outperformance compared to U.S. equities. European equities drew $4.1 billion of inflows, BofA said, the largest inflow since February 2022, when Russia invaded Ukraine. …
Investors pour most money into Europe since February 2022 – BofA Read More »
Atos said on Friday it is launching a reverse stock split as the French IT group aims to restore investor confidence after completing a financial restructuring plan last year to overcome a crushing debt crisis. The stock split will start on March 25 and will end on April 23, Atos said in a statement. The …
France’s Atos to launch reverse stock split on March 25 Read More »
By Yoruk Bahceli, Dhara Ranasinghe LONDON (Reuters) -A tectonic shift in German fiscal policy has compounded uncertainty for traders trying to bet on how fast the European Central Bank will cut rates for the rest of the year, with a change to the bank’s guidance on Thursday reinforcing that. The ECB cut rates by 25 …
For markets, German fiscal splurge blurs ECB outlook Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday said French-based shipping firm CMA CGM would invest $20 billion in the United States to build out shipping logistics and terminals. The Trump administration wants to revive shipbuilding in the United States and weaken China’s grip on the sector. The president’s team is preparing an executive order …
Trump hails $20 billion investment by shipping firm CMA CGM Read More »
By Nora Eckert and Victoria Waldersee DETROIT (Reuters) -Volkswagen said on Thursday that its vehicles made in North America will likely avoid being subject to the 25% tariffs U.S. President Donald Trump has imposed on imports from Mexico and Canada, but other carmakers, including BMW, may not be exempt. Trump granted a one-month reprieve on …
VW may avoid 25% Trump tariff, but BMW and others face trade levy Read More »
By Foo Yun Chee LUXEMBOURG (Reuters) – Zalando, Europe’s biggest online fashion retailer, on Thursday criticised EU tech regulators for lumping it in the same group as Amazon and AliExpress, saying it should not be subject to as stringent provisions of the bloc’s tech rules as the other two companies. The European Commission’s Digital Services …
Zalando says differs from other online platforms, EU tech rules should not apply Read More »
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russian cryptocurrency exchange Garantex on Thursday said stablecoin Tether had blocked digital wallets on its platform holding more than 2.5 billion roubles ($28 million), forcing it to suspend operations days after coming under EU sanctions. The European Union included Garantex in its 16th sanctions package against …
Sanctioned Russian crypto exchange suspends services as Tether blocks wallets Read More »
BRUSSELS (Reuters) -European leaders urged EU authorities and Kyiv on Thursday to intensify talks following a halt to Russian gas transit through Ukraine, according to summit conclusions that follow pressure from Slovakia. Slovak Prime Minister Robert Fico had sought a mention of Ukraine gas transit – a major route for Russian gas destined for Slovakia …
European leaders add pressure to solve Ukraine gas transit halt Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank cut interest rates again on Thursday but warned of “phenomenal uncertainty” including the risk that trade wars and more defence spending could fuel inflation, raising the prospect of a pause in its policy easing next month. Making its sixth cut since June, the …
ECB cuts rates again but risk of April pause growing Read More »
