(Reuters) -British stocks closed mixed on Friday as traders digested Thursday’s Bank of England rate decision that reignited inflation worries, while weighing U.S. President Donald Trump’s interim pick for a seat on the Federal Reserve board. The benchmark FTSE 100 closed 0.06% lower, but registered a weekly gain of 0.3%. The midcap FTSE 250 index …
UK stocks mixed; BoE rate split clouds outlook, Fed revamp in focus Read More »
MILAN (Reuters) -Leading governance adviser Institutional Shareholder Services (ISS) said on Friday it was keeping a recommendation for shareholders in Italy’s Mediobanca to vote in favour of a plan to acquire private bank Banca Generali. Mediobanca shareholders have been called to vote on the deal on August 21, after the Milanese bank scrapped at the …
Mediobanca shareholders should back Banca Generali bid, ISS says Read More »
ZURICH (Reuters) -Swiss aircraft manufacturer Pilatus on Friday said it has temporarily halted deliveries of its PC-12 and PC-24 business jets to the United States, saying steep new U.S. tariffs put the company at “significant competitive disadvantage”. The U.S. is a key market for Pilatus, accounting for around 40% of annual PC-12 and PC-24 production, …
Swiss plane maker Pilatus halts business jet deliveries to US over tariffs Read More »
FRANKFURT (Reuters) -The German reinsurer Munich Re on Friday trimmed its 2025 outlook for insurance revenue citing business and foreign exchange rate developments, as well as reporting a dip in its July renewals, but the company stuck to its full-year profit target. Shares were indicated to open 3% lower. Insurance revenue in its reinsurance division …
Munich Re trims 2025 insurance revenue forecast, cites currency developments Read More »
By John Revill ZURICH (Reuters) -Switzerland is continuing discussions with the United States about reducing potentially crippling import duties, its government said on Friday, as the country’s gold industry warned exports of gold bars to the U.S. could be severely impacted by a 39% tariff. The tariff talks in Washington are being led by Helene …
(Reuters) -The Swiss Precious Metals Association (ASFCMP) said on Friday the imposition of U.S. trade tariffs Washington is considering on the most widely traded bullion bars could harm the international flow of physical gold. According to the website of the U.S. Customs and Border Protection service, Washington may subject gold kilo bullion bars and 100 …
Swiss precious metals group says US tariffs could harm global gold flow Read More »
By Gaia Neiman and Alessandro Parodi (Reuters) -Italy’s five listed asset gatherers reported combined net inflows of 6.12 billion euros ($7.13 billion) in July, almost double the previous year’s monthly figure of 3.37 billion euros, after a slowdown in June. Net inflows into more lucrative managed assets rose 51% from the same month of last …
Italian asset gatherers’ net inflows strengthen in July Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp shareholders on Friday approved a planned spin-off of its defence division, the conglomerate’s latest restructuring move, aimed at fully capturing the value of the division amid rising military spending in Europe. The order book of Thyssenkrupp’s TKMS division – which makes submarines, frigates and develops mine-sweeping …
Thyssenkrupp investors approve defence spin-off in latest group overhaul Read More »
By David Milliken LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Friday inflation pressures were likely to weaken further but there was a risk that future interest rate cuts could be delayed if higher inflation partly reflected longer-term behavioural shifts. Pill was one of four BoE policymakers who voted against Thursday’s decision …
Bank of England’s Pill sees risks that could slow pace of rate cuts Read More »
By Gwladys Fouche OSLO (Reuters) -Norway’s $2 trillion sovereign wealth fund will announce changes to the handling of its Israeli investments, Finance Minister Jens Stoltenberg said on Friday, ruling out any blanket withdrawal over the war in Gaza. The fund itself said it would provide an update on its Israeli investments on Tuesday. The government …
Norway wealth fund to announce measures on Israeli investments on Tuesday Read More »
