By Suban Abdulla LONDON (Reuters) -Investors added to bets on the Bank of England cutting interest rates and short-term government bond yields hit a three-month low as global markets braced for a hit to economic growth caused by U.S. President Donald Trump’s plans for import tariffs. Interest rate futures pointed to about 81 basis points …
UK bond yields fall as Trump tariffs cause slowdown fears Read More »
By John Revill ZURICH (Reuters) – Swiss building materials supplier Holcim does not expect any impact on its business from U.S. President Donald Trump’s tariffs and aims to benefit from increased U.S. spending on infrastructure, Chief Executive Miljan Gutovic said. The cement maker plans to step up capital expenditure and acquisitions to make the most …
Holcim won’t be affected by U.S. tariffs, upbeat on construction market, CEO says Read More »
By Elizabeth Pineau and Michel Rose PARIS (Reuters) -French Prime Minister Francois Bayrou rammed the 2025 budget bill through parliament on Monday, betting that he has made enough concessions to his rivals to survive an inevitable no-confidence motion that could cut short his premiership. In an address to parliament, Bayrou said he would use article …
Bayrou rams through France budget, but should survive no-confidence vote Read More »
By Nick Carey LONDON (Reuters) – The EU should stick to 2025 CO2 emission rules and roll out incentives to buy EVs rather than waive fines for automakers that miss targets, a European industry group representing automakers, battery makers and charging firms said on Monday. E-Mobility Europe said new research from British firm New Automotive …
European EV group calls on EU to stick to 2025 CO2 targets Read More »
LONDON (Reuters) -Saba Capital suffered further setbacks in its campaign to shake up Britain’s 269 billion pound ($332 billion) investment trust sector on Monday, after shareholders in two more trusts rejected the U.S. activist investor’s proposals. Investors in Baillie Gifford US Growth Trust rejected eight resolutions submitted by Saba to oust several of its board …
Saba suffers further defeats in campaign to shake up UK trusts Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge funds last week jettisoned global stocks and added bets they would decline, said Goldman Sachs, just before U.S. President Trump announced tariffs that sent global markets tumbling. Global shares slid on Monday after U.S. President Donald Trump announced sweeping tariffs on Canada, Mexico and China at the weekend, …
Global hedge funds dump everything but real estate stocks, says Goldman Sachs Read More »
OSLO (Reuters) – Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as the U.S. electric vehicle maker faces a test of popularity following billionaire CEO Elon Musk’s high-profile foray into politics. A total of 405 new Teslas were registered in Sweden last month, down 44% from January …
Tesla loses market share in Sweden, Norway as Musk looms large Read More »
LONDON (Reuters) -British banks Lloyds and Barclays on Monday apologised to customers who suffered service outages over the past 48 hours, the latest in a string of such disruptions in recent years as lenders push their customers to bank online. More than 600 Barclays customers had reported problems by 1000 GMT on Sunday, including failed …
Britain’s Lloyds and Barclays bank customers suffer service outages Read More »
ROME (Reuters) – EssilorLuxottica said on Monday it received a green light from the U.S. Food and Drug Administration (FDA) for its over-the-counter Nuance audio glasses. Nuance – which pairs hearing solutions with prescription glasses – will be available in the U.S. and in Italy in the first quarter of the year and in other …
EssilorLuxottica receives FDA clearance for its Nuance audio glasses Read More »
(Reuters) – Ford’s January sales in the U.S. fell 6.3% owing to lower demand for its internal combustion (ICE) vehicles, the company said on Monday. The automaker sold a total of 142,944 units – including ICE and electrified vehicles – in January, compared to the 152,617 it sold a year ago. Sales of its electrified …
