BERLIN (Reuters) -German Chancellor Friedrich Merz is optimistic that the European Union can agree a trade deal with the United States by the end of this month at the latest, he told lawmakers on Wednesday. “Our goal is to reach a trade agreement with the United States of America as quickly as possible that links …
Germany’s Merz optimistic on trade deal with US by end of July Read More »
By Gianluca Lo Nostro and Jerome Terroy (Reuters) -Shares of SEMCO Technologies surged 41% in their Paris trading debut on Wednesday, as the French chipmaking equipment supplier became the second technology company to be listed in the French capital this year. The Montpellier-based company raised 45 million euros ($48.5 million) through its initial public offering …
SEMCO Technologies surges in market debut as latest French tech IPO Read More »
By Johann M Cherian (Reuters) -Sterling was little changed on Wednesday, as investors digested the Bank of England’s half-yearly report on financial stability and assessed the potential impact of trade disputes on global economic growth. The pound was little changed against the U.S. dollar and was last at $1.35, while against the euro it firmed …
Sterling steady as investors weigh BoE’s financial stability report, tariff uncertainty Read More »
BRUSSELS (Reuters) -The European Central Bank will consider risks beyond trade tariffs, from security concerns to potential penalties on foreign investors, when it assesses the global landscape, the ECB’s chief economist Philip Lane said on Wednesday. “This uncertainty extends beyond the calibration of new tariff regimes and includes the possibility of a broader set of …
ECB warns of risks beyond tariffs: from security to capital flows Read More »
By Amir Orusov (Reuters) -German truck maker Traton reported on Wednesday a 1% increase in second-quarter deliveries year on year despite ongoing uncertainty over U.S. import tariffs. The Volkswagen subsidiary said its international motors division saw a 10% increase in sales to 17,600 vehicles following a fire at a supplier’s plant in the prior-year quarter. …
Traton posts slight increase in Q2 deliveries but US tariffs weigh Read More »
SHANGHAI (Reuters) -British Airways would like to see Britain added to China’s growing list of countries eligible for its 30-day visa-free scheme to increase demand after suspending its Beijing flights last year, an executive said on Wednesday. China has been steadily extending its 30-day visa waiver scheme. As of June, it included 55 countries. It …
British Airways wants to see UK added to China’s visa waiver scheme Read More »
LONDON (Reuters) -Bank of England Deputy Governor Sarah Breeden said on Wednesday that international finance regulators should have a debate over the best usage of banks’ capital buffers based on the experience of the COVID-19 pandemic. “One of the things that we learned through that was that some of our buffers are more usable than …
BoE’s Breeden calls for international debate on bank capital buffers Read More »
By Marek Strzelecki WARSAW/GDANSK (Reuters) -Polish State Assets Minister Jakub Jaworowski said on Wednesday that a government analysis had shown no economic grounds for a spin-off of coal assets from utilities, and added that a support mechanism for coal plants was needed at an EU level beyond 2028. Polish utilities shares saw volatile trade following …
No economic grounds for Polish energy firms to spin-off coal assets, minister says Read More »
MILAN (Reuters) -Prysmian shares rose as much as 4% on Wednesday on expectations the world’s largest cable maker’s large U.S. business could benefit from U.S. tariffs on copper, as it sources the metal locally and should be able to pass on higher prices to customers. U.S. President Donald Trump on Tuesday said he would impose …
Prysmian shares rise as Italian cable maker seen as winner amid US copper tariffs Read More »
MILAN (Reuters) -Advertising sales at MFE-MediaforEurope, the TV group controlled by Italy’s Berlusconi family, were broadly flat in the first-half of the year, its chief executive said, with Spanish operations still lagging. MFE’s Italian operations reported a 2.1% rise in advertising sales in the six months ending June 30, offsetting a single-digit fall in Spain, …
Advertising sales at Berlusconi-backed MFE flat in first half, CEO says Read More »
