A look at the day ahead in European and global markets from Stella Qiu Just as U.S. corporate earnings are starting to show some negative impact from higher tariffs, President Donald Trump stole market attention by announcing a trade deal with Japan, pleasantly surprising investors. That had everyone hoping for more – certainly the prospects …
Morning Bid: Surprise Japan trade deal gets others’ hopes up Read More »
FRANKFURT (Reuters) -Central banks risk being blindsided by climate-driven shocks to global labour markets unless they overhaul their approach to monetary policy, a report published on Wednesday by the London School of Economics warned. The study found that, even under relatively optimistic scenarios in which global warming is limited to 1.5-2 degrees, climate change would …
Central banks told to prepare for climate shock to labour market Read More »
LONDON (Reuters) -Pay settlements by British private-sector employers held at 3% in the three months to June, representing a pay cut in inflation-adjusted terms for many workers, according to a survey published on Wednesday. With the Bank of England watching for signs of weakening inflation pressure in the economy, the figures from wage data firm …
UK private sector pay settlements stagnate at 3%, Brightmine says Read More »
WASHINGTON (Reuters) -U.S. Energy Secretary Chris Wright said on Fox News on Tuesday that sanctioning Russian oil to end the Ukraine war is a “very real possibility.” President Donald Trump said this month that Washington could put 100% tariffs on buyers of Russian oil and impose other sanctions if Moscow does not agree to a …
US energy chief says sanctioning Russian oil to end Ukraine war a possibility Read More »
(Removes extraneous word in paragraph 2) By Valentina Za, Giuseppe Fonte and Elvira Pollina MILAN (Reuters) -Italy’s UniCredit withdrew its takeover bid for smaller rival Banco BPM on Tuesday, blaming government intervention for scuppering the 15 billion-euro ($17 billion) deal. UniCredit’s swoop on BPM, and a similar hostile bid by Spain’s BBVA for Sabadell, which also …
UniCredit drops bid for Banco BPM blaming Italy’s government Read More »
SAO PAULO (Reuters) -Brazilian software company Totvs has agreed to buy StoneCo’s Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the retail segment. Totvs has shown interest in Linx since 2020, when StoneCo won a bidding war …
Brazil’s Totvs agrees to buy StoneCo’s Linx unit Read More »
By Nathan Vifflin AMSTERDAM (Reuters) -Computer chip equipment maker ASM International reported second-quarter bookings below market expectations on Tuesday, citing uneven order timing from chipmakers making advanced chips. The Dutch firm said order intake was “lumpy” and it expects orders from those chipmakers to pick up again in the third quarter. Analysts consider ASM one …
ASM second-quarter bookings disappoint, cites order timing Read More »
By Tim Hepher PARIS (Reuters) -French warplane maker Dassault Aviation raised questions over the future of a Franco-German-Spanish fighter jet project on Tuesday in a growing feud with Europe’s Airbus over control of the futuristic program that combines traditional warplanes with automated drones. CEO Eric Trappier said the Future Combat Air System, widely known under …
Dassault, in spat with Airbus, says European fighter jet project at risk Read More »
MILAN (Reuters) – UniCredit on Tuesday said it was withdrawing its 14.6 billion euro ($17 billion) all-share bid for Banco BPM. Italy’s second-biggest bank said in a statement government-set terms for the bid, which it has been fighting in court scoring a partial victory earlier this month, had derailed the bid. “The normal offer process …
Italy’s UniCredit says it is withdrawing bid for Banco BPM Read More »
HELSINKI (Reuters) -Finland’s Nokia lowered its guidance for 2025 comparable operating profit on Tuesday by up to 310 million euros ($364.10 million), citing the impact of a weaker U.S. dollar and tariffs. “Considering currency and tariff headwinds, which are outside its (Nokia’s) control and have transpired since its Q1 results, the company feels it is …
Nokia cuts 2025 profit guidance citing tariffs and weaker US dollar Read More »
