(Reuters) -The UK’s FTSE 100 closed at a fresh record high as investors grew hopeful of future interest rate cuts by the Bank of England, while AstraZeneca’s shares gained following positive drug trial results. The blue-chip FTSE 100 rose 0.6% to close at 8998.06 points, nearing the 9000-points mark, while the domestically oriented FTSE 250 …
FTSE 100 hits fresh record high on rate cut optimism Read More »
By Sanchayaita Roy, Sukriti Gupta and Shashwat Chauhan (Reuters) -European shares ended slightly lower on Monday, with tariff-sensitive auto stocks down after U.S. President Donald Trump’s latest threat to impose steep tariffs on the European Union, though gains in financials and healthcare kept losses in check. The pan-European STOXX 600 index closed 0.1% lower. Most …
European shares end lower as Trump’s tariff threats keep markets on edge Read More »
By Amanda Cooper LONDON (Reuters) -German 30-year government bond yields hit their highest in nearly two years on Monday and 10-year yields their highest since early April as investors looked through the latest tariff news to focus instead on the impact of rising Japanese yields. Longer-dated bond yields have been rising around the world on …
German 30-year yield hits 21-month top, continuing steady march higher Read More »
STOCKHOLM (Reuters) -Sweden-based Volvo Cars is booking a impairment charge of 11.4 billion crowns ($1.2 billion) in the second quarter related to its ES90 and upcoming EX90 models, due to tariffs and launch delays, it said on Monday. The group, which is controlled by China’s Geely Holding, said it is currently unable to sell its …
Volvo Cars books $1 billion impairment charge due to tariffs, launch delays Read More »
LONDON (Reuters) -The pound fell on Monday, under broad pressure from investor worries about the impact on growth from U.S. President Donald Trump’s escalating trade war. Sterling fell against the euro, which strengthened to the tune of 0.3% to 86.915 pence, even after Trump warned on Saturday he would slap a 30% tariff on goods …
Sterling sags as Trump tariff threats dent confidence Read More »
(Reuters) -British drugmaker GSK said on Monday it had submitted an application to the U.S. Food and Drug Administration to extend the use of its respiratory syncytial virus (RSV) vaccine to adults under the age of 50 at a higher risk of the disease. If approved in the world’s biggest pharmaceuticals market, GSK’s vaccine, Arexvy, …
GSK seeks FDA nod for expanded use of RSV vaccine in adults Read More »
By Virginia Furness and Marc Jones LONDON (Reuters) -The G20’s financial stability watchdog delivered a new plan on how to tackle climate risks on Monday, but paused further policy work amid a retreat by the United States that has tested efforts to advance a united financial policy on climate-related risks. The U.S. has withdrawn from …
G20’s financial watchdog lays out climate plan but presses pause amid divisions Read More »
By Giuseppe Fonte and Sudip Kar-Gupta ROME (Reuters) -A clash between Italy and the European Commission over whether Rome has the right to impose tough conditions on domestic bank mergers escalated on Monday, when a warning letter from Brussels drew a terse response from the Italian deputy prime minister. The letter said imposing certain conditions …
EU clash with Italy over UniCredit heats up after warning letter Read More »
By Alexander Hübner and Emma-Victoria Farr FRANKFURT/MUNICH (Reuters) -German energy firm Techem will remain in the hands of Partners Group after its sale to U.S. financial investor TPG fell through in May, Techem and Partners said on Monday, confirming an earlier report. Partners Group will transfer its majority stake in the heating and water metering …
Partners Group moves Techem stake to own infrastructure fund Read More »
By Sarah Young LONDON (Reuters) -Wizz Air said it was exiting its Abu Dhabi operation to focus on its main eastern European market, after almost two years of turmoil in the Middle East wiped out any chance of making a profit there. Wizz, a low-cost carrier founded in Hungary for eastern European travellers, expanded first …
Wizz Air pulls out of Abu Dhabi as instability wipes out hope of Middle East profits Read More »
