FRANKFURT (Reuters) -Foreign investors added to their stock of euro zone debt in June, European Central Bank data showed on Tuesday, in a tentative sign the bloc was becoming more popular at a time of financial upheaval in the United States. The ECB has talked up the euro’s prospect as a global haven for investors …
Foreign investors stock up on euro zone debt in June Read More »
BRUSSELS (Reuters) -The planned $3.9 billion takeover of Deliveroo by U.S. meal delivery firm DoorDash will be reviewed under the European Union’s simplified merger procedure, EU Commission documents showed on Tuesday. The food delivery app companies reached a deal valuing Deliveroo at about 2.9 billion pounds ($3.92 billion) in May. The fact that the EU …
BRUSSELS (Reuters) -The European Commission, which last week received a text from the U.S. administration with suggestions about finalising a joint statement on trade and tariffs, has sent back the draft to the US, a European Commission spokesman said during a daily press conference on Tuesday. “I can confirm that we have sent back the …
EU says draft joint statement on trade and tariffs sent back to US Read More »
(Reuters) -Anheuser-Busch InBev, said on Tuesday that it would invest $15 million in its U.S. brewery, at a time when President Donald Trump is pushing to boost domestic production. This move is part of Anheuser-Busch’s $300 million investment announced in May to create and sustain manufacturing jobs in the U.S. this year. Several businesses across …
Budweiser maker Anheuser-Busch to invest $15 million in US brewery Read More »
(Reuters) -The outlook for European corporate health has slightly deteriorated, the latest earnings forecasts showed on Tuesday, marking a change of direction after several weeks of improvement. European companies are expected to report growth of 4.6% in second-quarter earnings, on average, according to LSEG I/B/E/S data. That is slightly below the 4.8% rise analysts had …
European second-quarter corporate profit outlook dips Read More »
(Reuters) -Medical-device maker Medtronic raised its fiscal 2026 profit forecast on Tuesday and said it expects a smaller-than-expected impact from the tariffs proposed by U.S. President Donald Trump. The Galway, Ireland-based company expects annual adjusted profit between $5.60 and $5.66 per share, compared with its previous forecast range of $5.50 to $5.60 per share. Investors …
Medtronic raises annual profit forecast on lower tariff impact Read More »
BERLIN (Reuters) -Victorinox, maker of Swiss army knives, is considering moving part of its production to the United States to lessen the impact of import tariffs on its business, the company’s CEO told German business magazine WirtschaftsWoche. “We are looking into carrying out directly on site individual processing steps at the end of the value …
Swiss army knife maker Victorinox considers production shift to ease U.S. tariffs Read More »
By Anant Chandak and Shaloo Shrivastava BENGALURU (Reuters) -The Bank of England will cut interest rates by a quarter-point once more this year and then again in early 2026 as a resilient economy generates persistent inflation, according to most economists in a Reuters poll who have largely not changed their outlook in the past month. …
LONDON (Reuters) -Britain’s Office for National Statistics said on Tuesday it was delaying Friday’s scheduled release of July retail sales data by two weeks, the latest in a string of setbacks for the national statistics agency. The figures are now due to be published on September 5 “to allow for further quality assurance”, the ONS …
UK statistics office delays retail sales data release by two weeks Read More »
By Jaspreet Kalra (Reuters) -Sterling tracked the euro higher against the dollar on Tuesday as markets gauged the probability of a peace deal between Russia and Ukraine following encouraging diplomatic signals from a White House meeting with European leaders. Sterling was up 0.1% at $1.3515 on the day amid largely muted moves in foreign exchange …
Sterling nudges higher against dollar, inflation data in focus Read More »
