By Maria Martinez WASHINGTON (Reuters) -German Finance Minister Lars Klingbeil said the European Union had been too weak during trade negotiations with the United States and it should become stronger, as much still needed to be clarified on the deal the two sides struck last month. “Overall, as Europeans, we must become stronger,” Klingbeil said …
German minister: EU must become stronger in Trump tariff talks Read More »
(Reuters) -Bank shares led British equities to close higher on Monday, rebounding from the previous session’s selloff, as investors looked ahead to a potential interest rate cut by the Bank of England later this week. The blue-chip FTSE 100 rose 0.7% after logging its biggest percentage drop in almost four months on Friday. The domestically …
British equities recover from Friday’s selloff as banks rally Read More »
PARIS (Reuters) -Altice France said on Monday that its debt restructuring had been approved by Paris’ commercial court, which could pave the way for a sale of its French telecoms unit SFR. Markets have speculated that Altice France would offload SFR to cut its debt as higher interest rates and a heavy debt repayment schedule …
Altice says court approves debt restructuring, no offers for SFR Read More »
(Reuters) -U.S. automotive chipmaker Onsemi on Monday forecast lackluster profit for the third quarter, after reporting a sharp decline in second-quarter revenue, sending its shares down by more than 10%. Sales growth in battery electric vehicles has slowed due to an uncertain economic environment, brought on by global import duties, and elevated borrowing costs in …
By David Gauthier-Villars and Anna Hirtenstein August 4 (Reuters) -Two American financiers, with support from a former campaign manager of U.S. President Donald Trump, have approached Bulgarian authorities to discuss a possible investment in a state-owned underground storage filled mostly with Russian natural gas, according to five people familiar with the matter. Led by Stephen …
Exclusive-US investors eye strategic Bulgarian storage filled with Russian gas Read More »
By John Revill ZURICH (Reuters) -Switzerland is ready to make a “more attractive offer” in trade talks with Washington, its government said on Monday, following a crisis meeting aimed at averting a 39% U.S. import tariff on Swiss goods that threatens to hammer its export-driven economy. The Federal Council – the country’s governing cabinet – …
Switzerland says it’s ready to make Trump ‘more attractive offer’ on trade Read More »
BRUSSELS (Reuters) -The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday. The EU-U.S. agreement leaves many questions open, including tariff rates on spirits, and Trump’s executive order last week setting tariffs on most EU …
EU to suspend US tariff countermeasures for 6 months Read More »
By Pavel Polityuk KYIV (Reuters) -The 2025 harvest of Ukraine’s key commodities, wheat and corn, may be higher than expected if weather conditions are favourable, while stable export demand will encourage farmers to expand winter wheat sowings for the 2026 crop, a senior official said on Monday. Ukraine is a major global grain grower and …
Exclusive-Ukraine eyes higher 2025 grain harvest, plans more winter wheat for 2026 Read More »
(Corrects paragraph 6 to show Velo is the top brand outside of the U.S. not globally) (Reuters) -Marlboro maker Philip Morris International missed second-quarter revenue expectations on Tuesday as shipments of its ZYN nicotine pouches disappointed. Shares in the world’s largest tobacco company by market capitalization dropped about 7% in New York trade even as …
Philip Morris’ shares hit as ZYN falls behind high sales expectations Read More »
By Charlie Conchie, Amy-Jo Crowley and David French LONDON/NEW YORK (Reuters) -Boutique deal-making adviser Evercore accelerated its campaign to become a significant force in Europe, the world’s second largest pool of M&A fees, with a purchase last week that locks in talent ahead of a possible upturn in activity. Bankers forecast a return of mega-deals …
Evercore deal accelerates talent dash as banks anticipate M&A upturn Read More »
