Reuters UK Business

By David Lawder WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva on Thursday said she anticipates that the Federal Reserve would begin to cut U.S. interest rates in “a matter of months” but cautioned that there was a risk to the global economy of waiting too long to ease policy. Georgieva told reporters at …

IMF’s Georgieva backs Fed’s stance, sees risks in waiting too long to ease rates Read More »

By Niket Nishant and Manya Saini (Reuters) -Amer Sports, the maker of the world-renowned Wilson tennis rackets, returned to public markets in a tepid debut on Thursday after selling shares at a discounted price in its U.S. IPO for a valuation of $6.3 billion. After a two-year dry spell, initial public offerings in the United …

Amer Sports rises 3% in tepid market debut after discounted US IPO Read More »

By Foo Yun Chee and Bart H. Meijer BRUSSELS (Reuters) – Volkswagen’s Swedish truckmaker Scania on Thursday lost its fight against a 880.5-million-euro ($949 million) EU cartel fine after Europe’s top court sided with EU competition regulators. The European Commission in a 2017 ruling said Scania colluded with five others in the industry to fix …

Scania loses court fight over $949 million EU cartel fine Read More »

AMSTERDAM (Reuters) – Privately held Dutch cloud communications software company MessageBird said on Thursday it has rebranded as “Bird” and is cutting prices to well below those of U.S. rival Twilio in a bid to win market share. “Today we are … taking our margins to zero,” CEO Robert Vis said in a blog post …

Dutch software firm MessageBird rebrands as Bird, slashes prices Read More »

PARIS (Reuters) -Renault’s decision to cancel the stock market flotation of its Ampere electric vehicle business will not delay investments into Ampere from Renault’s partners Nissan and Mitsubishi, said Renault chairman Dominique Senard. Earlier this week, Renault ditched plans to list its electric vehicle business Ampere because of sluggish stock market conditions. In December, Renault’s …

Renault chairman: no delay to Nissan and Mitsubishi’s Ampere investment despite IPO cancellation Read More »

By Alun John LONDON (Reuters) – Sterling fell against the dollar and British government bond yields ticked up ahead of a Bank of England meeting at which policy makers are expected to acknowledge inflation is slowing, but be cautious about hinting rate cuts are imminent. Also in the mix were cooling euro zone inflation, renewed …

Sterling dips on dollar, gilt yields edge up ahead of BoE meeting Read More »

By Michel Rose MONTAUBAN, France (Reuters) – In the last 12 months, the cost of running Jean-Marie Dirat’s lamb farm in southwest France has jumped by 35,000 euros ($38,000), driven up by increasingly expensive fertilisers, fuel, electricity and pesticides. Money is so tight that this year he won’t pay himself. To his surprise, he even …

Analysis-Europe’s angry farmers fuel backlash against EU ahead of elections Read More »