PARIS (Reuters) – French Prime Minister Francois Bayrou will use constitutional powers on Monday to pass the much-delayed 2025 budget, which is likely to trigger a vote of confidence later this week. The following are the main targets and measures in the bill. MACRO TARGETS – The budget bill aims to reduce the public deficit …
Factbox-Main measures and targets in French 2025 budget Read More »
By Greta Rosen Fondahn (Reuters) – Sterling slid against the dollar but rose against the euro on Monday as the greenback rallied after the U.S. imposed tariffs on Canada, Mexico and China, while comments from President Donald Trump fuelled hopes Britain may be able to avoid levies. The pound slid 0.66% against the dollar to …
Pound rises against euro after Trump hints UK may avoid tariffs Read More »
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -The euro zone’s beleaguered manufacturing industry showed some signs of stabilisation last month but factory activity in Asia lost momentum as soft Chinese demand and threats of U.S. tariffs weighed on sentiment, surveys showed. Global markets tumbled on Monday after U.S. President Donald Trump on Saturday followed …
Euro zone factories show signs of hope but Trump tariffs jolt Asia Read More »
ROME (Reuters) – Italian EU-harmonised consumer prices (HICP) fell 0.7% month-on-month in January but the annual inflation rate accelerated to 1.7% from 1.4% in December, preliminary figures showed on Monday. The reading was significantly higher than expected. A Reuters survey of nine analysts had pointed to a 1.1% month-on-month decrease and a 1.4% year-on-year rise. …
Italy Jan EU-harmonised CPI accelerates to 1.7% y/y, above forecast Read More »
MILAN (Reuters) -Stellantis announced management changes on Monday as part of a shake-up at the world’s fourth-largest automaker launched after the shock exit CEO Carlos Tavares in December. The search for a new permanent CEO is “well under way”, the company’s interim executive committee led by Chairman John Elkann said in a statement, reiterating that …
Stellantis shakes up management, structure, as CEO search continues Read More »
VILNIUS (Reuters) – European Central Bank policymaker Gediminas Simkus said on Monday he expected an interest rate cut in March and “a couple more” in the following months. The ECB cut rates for a fifth time last week and policymakers told Reuters a further move in March was uncontroversial before a deeper rethink at the …
ECB’s Simkus sees cut in March and a couple more Read More »
(Reuters) – Shares in some of the biggest European carmakers plunged on Monday after U.S. President Donald Trump imposed 25% tariffs on goods from Mexico and Canada and 10% on imports from China, raising concern over possible duties on EU imports. Stellantis and Volkswagen, which have major operations in Mexico and are particularly vulnerable to …
European carmaker shares fall after Trump imposes tariffs Read More »
By Alessandro Parodi (Reuters) -Brazil’s Moreira Salles family on Monday confirmed its interest in buying French glass packaging maker Verallia but said it would assess a bid after Verallia’s full-year results on Feb. 19, sending the French firm’s shares down as much as 10%. The decline reversed most of the gains the Paris-listed stock made …
Brazil’s Moreira Salles family takes time on bid for French bottler Verallia Read More »
LONDON (Reuters) – The euro zone’s beleaguered manufacturing industry showed some signs of stabilisation at the start of the year as firms brushed off rising costs and the threat of U.S. tariffs to become more upbeat about the outlook, a survey showed. HCOB’s final euro zone manufacturing Purchasing Managers’ Index, compiled by S&P Global, climbed …
Euro zone factory activity sees signs of stabilisation, PMI shows Read More »
MADRID (Reuters) -The Spanish government raised its 2025 gross domestic product growth forecast to 2.6% from a previous 2.4%, Economy Minister Carlos Cuerpo has said. Cuerpo gave the revised figure in media interviews, telling radio station RNE on Monday that despite global geopolitical risks, Spain would lead the euro zone’s largest economies this year. Spain’s …
