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FRANKFURT (Reuters) – Everything U.S. President Donald Trump says should not be taken seriously, said the CEO of German offset printing presses maker Heidelberger Druckmachinen in remarks published on Wednesday. “You can’t take everything he says seriously, the president, he always provides some direction,” said CEO Juergen Otto. “If tariffs are imposed, our customers will …

Trump threats should not be taken seriously, says Heidelberger Druck CEO Read More »

By Tom Sims, John O’Donnell and Emma-Victoria Farr FRANKFURT (Reuters) – Germany’s Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s UniCredit, multiple people with direct knowledge of the plans told Reuters. Four of them said, however, the measures would be more evolutionary than radical, …

Commerzbank plans job cuts, new targets to keep UniCredit away, sources say Read More »

A look at the day ahead in European and global markets from Rae Wee Investors for a change started the day on Wednesday without headlines on new U.S. tariffs, allowing them to shift their attention to the U.S. inflation report later in the day and possible clues on the outlook for Federal Reserve policy. Expectations …

Morning Bid: Markets look to US CPI with one eye on tariffs Read More »

SINGAPORE (Reuters) – Singapore-based financial technology firm Atome Financial said on Wednesday it had secured a private credit fund managed by asset manager BlackRock and venture debt provider InnoVen Capital in a $80 million private credit facility. Atome Financial first announced the three-year senior term loan facility including from EvolutionX, a debt financier jointly set …

Atome Financial secures BlackRock, InnoVen in $80 million credit facility Read More »

By Alessandro Parodi (Reuters) – Global electric and plug-in hybrid vehicle sales in January rose 18% year on year, as growth in Europe and the United States outpaced China for the first time since last February, research firm Rho Motion said on Wednesday. The European car market started the year on a strong footing as …

Global electric vehicle sales up 18% in January Read More »

By David Milliken LONDON (Reuters) – Britain is set for solid growth and falling inflation this year but the Bank of England has little scope to cut interest rates further, the NIESR think tank predicted on Wednesday in a relatively upbeat set of forecasts. The National Institute of Economic and Social Research also said finance …

Bank of England to cut interest rates only twice more, NIESR predicts Read More »