Reuters UK Business

By Mimosa Spencer, Mateusz Rabiega and Alun John PARIS/LONDON (Reuters) -LVMH shares had their best day in over two decades on Wednesday following signs of improved demand in China, which also drove a wider sector rally that added nearly $80 billion to European luxury stocks’ valuations. The world’s top luxury group, which owns brands ranging …

LVMH spurs $80 billion luxury rally as China picture brightens Read More »

(Changes the day of the week in paragraph 1 to Wednesday (not Monday) By David Latona and Charlie Devereux MADRID (Reuters) -The European Commission and Spain’s government on Wednesday dismissed U.S. President Donald Trump’s latest threat to impose higher tariffs on Madrid over its refusal to meet his proposed NATO target for defence spending.  Trump …

EU, Spain brush off Trump tariff threats over Madrid’s defence spending Read More »

By David Milliken WASHINGTON (Reuters) -Britain should not reduce the frequency of its twice-yearly economic forecasts, but a related assessment of the government’s compliance against budget rules should only take place once a year, the International Monetary Fund said on Wednesday. The British government’s Office for Budget Responsibility currently produces twice-yearly economic and budget forecasts, …

IMF says UK should not scrap twice-yearly economic forecasts Read More »

(Reuters) -Stellantis is recalling 298,439 vehicles in the U.S. due to a shifter cable defect that could disable the park function and allow the vehicle to roll away, the U.S. National Highway Traffic Safety Administration said on Wednesday. The shifter cable may detach from the transmission, preventing the vehicle from shifting into the park position, …

Stellantis to recall over 298,000 US vehicles over rollaway risk Read More »

By Leika Kihara and Howard Schneider TOKYO/WASHINGTON (Reuters) -The U.S. government shutdown that has turned off the official flow of data could begin clouding the view for policymakers in Japan and other countries where insight into the fortunes of the world’s biggest economy informs the outlook for their own currencies, trade performance and inflation.  What …

Data darkness in US spreads a global shadow Read More »

(Reuters) -Stellantis’ new $13 billion investment plan in the U.S. marks a key step to countering tariffs imposed by President Donald Trump and to reviving the automakers’ sales in its main market, investors and analysts said on Wednesday. The plan, announced late on Tuesday, would help buffer the group from U.S. tariffs, an impact the …

Stellantis’ $13 billion investment plan in US wins nod from investors, analysts Read More »

(Reuters) -Danish drugmaker Novo Nordisk and Omeros have signed a licensing deal worth up to $2.1 billion for the U.S.-based company’s experimental drug, which is being developed for rare blood and kidney disorders, they said on Wednesday. Omeros shares more than doubled to $9.90 in morning trading. As part of the agreement, Novo gains exclusive …

Novo Nordisk signs up to $2.1 billion licensing deal with Omeros in rare disease push Read More »