By Andrew Gray and Andrea Shalal TURNBERRY, Scotland (Reuters) -The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods – half the threatened rate – and averting a bigger trade war between the two allies that account for almost a third of global …
BERLIN (Reuters) -Franco-German defence contractor KNDS has reached an amicable agreement with private equity group Triton on the transfer of shares in German gearbox maker Renk, it said Monday. The parties have agreed that Triton would transfer 9.17 million shares to KNDS, allowing it to increase its shareholding in Renk to 15.84% from 6.7%, KNDS …
KNDS reaches agreement with Triton on transfer of Renk shares Read More »
BERLIN (Reuters) -The German armed forces are preparing to develop long-range combat drones capable of striking targets deep in enemy territory, the Handelsblatt newspaper reported on Monday. Three consortia are working on concrete concepts after the Luftwaffe airforce sent a request for deep-strike drones to leading defence companies and startups, the report said. According to …
German army prepares to develop deep-strike drones, Handelsblatt reports Read More »
By Renju Jose (Reuters) -The New Zealand government on Monday proposed to ban surcharges on most in-store payments made using debit and credit cards from May next year, a move it said could save roughly NZ$150 million ($90.2 million) for Kiwi consumers. The plan follows the decision last year by New Zealand’s Commerce Commission to …
New Zealand plans to scrap card payment surcharges Read More »
(Reuters) -British meat producer Cranswick reported 7.9% growth in first-quarter like-for-like revenue on Monday, supported by resilient consumer demand for premium ranges as well as new business wins. The company, which supplies fresh pork, sausages, and bacon to supermarkets across Britain and exports to China, said premium meats continued to outperform as consumer appetite for …
UK’s Cranswick’s revenue rises on healthy demand for premium meat Read More »
By Lucy Raitano and Linda Pasquini LONDON/GDANSK (Reuters) -European stocks are near record highs again, seemingly shaking off tense trade talks and currency headwinds, while volatility has evaporated, giving rise to four key themes that investors are playing as they wait for the next major catalyst. The STOXX 600 posted its best first-quarter relative to …
Four themes powering Europe’s equity bull market Read More »
By Mathias de Rozario (Reuters) -Car parts supplier Forvia reported a half-year loss of 269 million euros ($316 million) on Monday, led by a 136 million euro hit on assets related to a hydrogen joint venture after Stellantis discontinued its hydrogen programme. Stellantis announced the termination of the hydrogen fuel cell technology development programme in …
Forvia reports half-year loss as Stellantis termination hits hydrogen venture Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter We may be hearing a lot about the art of the deal this week. With the U.S. tariff deadline bearing down on the global economy at the end of this week, it’s the EU’s turn to announce a trade deal …
(Reuters) -Wind turbine maker Nordex on Monday reported second quarter core earnings that were above analysts’ consensus forecasts. The German onshore wind turbine company posted earnings before interest, tax, depreciation and amortisation (EBITDA) of 108.2 million euros ($127.09 million), above analyst expectations of 102 million euros in a company-compiled consensus. That was up about 64% …
Wind turbine maker Nordex posts Q2 earnings above consensus Read More »
TURNBERRY, Scotland/SINGAPORE (Reuters) -U.S. President Donald Trump said on Sunday the United States and the European Union had reached agreement on a trade deal that includes a 15% tariff on EU goods entering the U.S. and significant EU purchases of U.S. energy and military equipment. The deal also calls for $600 billion in investments in …
