Reuters UK Business

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank left interest rates unchanged on Thursday and offered a modestly upbeat assessment of the euro zone economy, raising doubts among investors about further policy easing even while U.S. tariff threats cloud the outlook. The ECB has cut its policy rate eight times since …

Upbeat ECB keeps rates steady, raising doubts about further easing Read More »

(Reuters) -Britain’s FTSE 100 rose on Thursday to a record close, boosted by upbeat corporate results and optimism over a potential EU-U.S. trade agreement. The benchmark FTSE 100 closed up 0.9% at 9,138.37 points. The domestically oriented midcap FTSE 250 gained 0.6%. The personal care and grocery stores index led sectoral gains, up 2.6%, boosted …

FTSE 100 notches record close on US-EU trade deal optimism, earnings boost Read More »

By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators will investigate whether U.S. investment firm KKR provided incorrect or misleading information in its 22 billion euro ($26 billion) acquisition of Telecom Italia’s (TIM) fixed-line network deal, the European Commission said on Thursday. The Commission, which acts as the competition enforcer in the 27-country bloc, approved …

EU regulators to investigate if KKR provided misleading information in Telecom Italia deal Read More »

By Nathan Vifflin AMSTERDAM (Reuters) -STMicroelectronics reported a second-quarter loss on Thursday, its first in more than a decade, falling short of market expectations as it took a $190-million hit for restructuring and impairment costs. Shares in the French-Italian chipmaker, which makes power chips for Tesla’s drivetrains and eSim modules for Apple’s iPhones, closed down …

Chipmaker STMicro makes first loss in over a decade, hit by restructuring costs Read More »

COPENHAGEN (Reuters) -Danish biotech Bavarian Nordic said on Thursday it is in discussions with a consortium of Nordic Capital and Permira regarding a potential takeover offer from the two private equity groups, sending its share price up 24%. “As these discussions are continuing, there can be no certainty as to whether any offer for Bavarian …

Vaccine maker Bavarian Nordic in takeover talks, shares rally Read More »

MOSCOW (Reuters) -Russia’s FSB security service has started handing out clearance for foreign tankers to access the Black Sea ports, allowing for Kazakhstan’s oil exports to resume after they were halted for nearly a day, four industry sources said on Thursday. The suspension led to the disruption of around 2% of global supply and drove …

Kazakh Black Sea oil exports resume as tankers given access, sources say Read More »