By Elvira Pollina and Andres Gonzalez MILAN/LONDON (Reuters) -Spanish gas grid operator Enagas is in talks to acquire Singaporean sovereign wealth fund GIC’s 32% stake in Terega, France’s second-largest gas transmission operator, according to two people familiar with the situation. Terega is also a partner of the Spanish company in a hydrogen pipeline project to …
FRANKFURT (Reuters) -European Central Bank President Christine Lagarde said on Tuesday she didn’t see any sign of disorder in the euro zone bond market despite an ongoing budget crisis in France. “I said previously that we are monitoring financial markets, that we’re looking at spreads…, but there’s nothing disorderly at the moment,” Lagarde told CNBC. …
ECB’s Lagarde sees no disorder in bonds despite French crisis Read More »
LONDON (Reuters) -French stocks, bond prices and the euro rallied on Tuesday, after Prime Minister Sebastien Lecornu suspended a landmark 2023 pension reform until after the 2027 presidential election, bowing to pressure from leftist lawmakers. French government borrowing costs extended the day’s decline, leaving the yield on the benchmark 10-year OAT down 6.2 basis points …
French markets gain slightly on pension reform delay Read More »
By Philip Blenkinsop HORSENS, Denmark (Reuters) -The European Commission is pressing the United States to remove tariffs on products made from steel as Brussels seeks to advance parts of the EU-U.S. tariff deal that have yet to enter force, EU Trade Commissioner Maros Sefcovic said on Tuesday. Under their joint agreement, the two transatlantic partners …
By Charlotte Van Campenhout and Tassilo Hummel BRUSSELS (Reuters) -Gucci, Chloe and Loewe have been fined a total of 157 million euros ($182 million) by the European Union’s antitrust watchdog for fixing the resale prices of their retail partners. Kering owned Gucci was fined 119.7 million euros, Chloé 19.7 million euros and Loewe 18 million …
EU fines Gucci, Chloe and Loewe for fixing resale prices Read More »
By Polina Devitt LONDON (Reuters) -The European Commission’s proposal to tap frozen Russian state assets for financial aid to Ukraine is rattling some central banks, which could further accelerate gold purchases for storage outside Western jurisdictions, analysts say. The Commission’s plan would allow EU governments to use up to 185 billion euros ($214 billion) of …
EU’s Ukraine funding plan could further boost central bank gold buying, analysts say Read More »
By Abigail Summerville (Reuters) -The owner of protein bar company BUILT Bar is exploring a sale that could value the Utah-based brand at more than $1 billion, according to people familiar with the matter. The private company hired investment bank Houlihan Lokey for the sale process, the sources said, asking not to be identified because …
Exclusive-Protein bar company BUILT Bar explores sale, sources say Read More »
MOSCOW (Reuters) -The International Monetary Fund has downgraded Russia’s gross domestic product (GDP) growth forecast for 2025 to 0.6% from 0.9%, below the official government forecast of 1%. The Russian economy, heavily sanctioned by the West, is set to slow down sharply from 4.3% growth in 2024, primarily due to the high key interest rate …
IMF downgrades Russia’s 2025 GDP growth forecast to 0.6% Read More »
WASHINGTON (Reuters) -Russia’s war in Ukraine is bad for U.S. businesses, which have heavily invested in Europe and whose profits are affected by the uncertainty that Moscow’s aggression creates, European Economic Commissioner Valdis Dombrovskis said on Tuesday. Speaking at the American Enterprise Institute in Washington, Dombrovskis said that in 2023 U.S.-owned assets in Europe were …
Russia’s war in Ukraine is bad for US businesses, EU Commissioner says Read More »
By Marleen Kaesebier and Javi West Larrañaga (Reuters) -Analysts are a little more upbeat about European companies’ third-quarter results than a week ago, according to the latest estimates compiled by LSEG I/B/E/S, despite the latest flare-up in trade tensions between the U.S. and China. European companies are on average expected to report a 0.5% year-on-year …
European earnings outlook brightens despite US-China tariff escalation Read More »
