(Reuters) -German car exports to the United States fell sharply in April and May as import tariffs imposed by President Donald Trump hit German automakers’ sales in their most important foreign market, the VDA industry association said on Thursday. Auto exports to the U.S. fell by 13% in April and 25% in May from the …
German car exports to U.S. slide in April, May as tariffs hit Read More »
WARSAW (Reuters) -A 25-basis-point cut in Polish interest rates this week is not the start of a policy-easing cycle, central bank Governor Adam Glapinski said on Thursday, though he did not rule out another such move in September. Poland’s central bank unexpectedly cut its main interest rate to 5% on Wednesday, citing its expectation for …
Poland’s July rate cut not the start of a cycle, central bank chief says Read More »
By Anastasia Lyrchikova, Gleb Stolyarov and Alexander Marrow MOSCOW (Reuters) -The office of Russia’s Prosecutor General has filed a lawsuit seeking to transfer ownership of shares in gold producer Uzhuralzoloto owned by businessman Konstantin Strukov to the state, a Russian court said on Thursday. Russian prosecutors have escalated the seizure of domestic assets through the …
Russia seeks seizure of owner’s stake in gold producer Uzhuralzoloto Read More »
MILAN (Reuters) -ContourGlobal has acquired battery energy storage systems in Italy with a combined power capacity of around 1.6 gigawatt and storage durations of up to eight hours, the energy company owned by U.S. investment firm KKR said on Thursday. WHY IT’S IMPORTANT The battery projects, once fully developed, will position ContourGlobal for the first …
KKR-backed ContourGlobal acquires energy storage projects in Italy Read More »
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -At their annual gathering in the hills of Portugal’s Sintra, central bankers this week confronted rising challenges to their control of the global money system, from political attacks on the U.S. Federal Reserve to the rise of stablecoins. Recent editions of the European Central Bank’s getaway …
At Sintra getaway, central bankers mull threats to their domain Read More »
BUENOS AIRES (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Thursday that the Mercosur bloc of South American countries should focus on strengthening its ties with Asian nations, which he described as the “dynamic center” of the global economy. “Our participation in global value chains will benefit from closer ties with Japan, China, …
Brazil’s Lula urges Mercosur to deepen ties with Asia Read More »
By Indradip Ghosh BENGALURU (Reuters) -A clear majority of economists polled by Reuters are concerned about the quality of official British economic data, the backbone of monetary and fiscal policy decisions, and have doubts over how quickly they can be fixed. Facing criticism over unreliable economic data, Britain’s Office for National Statistics announced measures last …
Quality of UK economic data concerning, quick fix unlikely, say economists: Reuters poll Read More »
BERLIN (Reuters) -Thyssenkrupp CEO Miguel Lopez is confident that the group can adhere to the German government’s security conditions with the spinoff of its naval ship building division TKMS, he said in an interview with the RTL and ntv broadcasters on Thursday. “We will be able to comply with the security conditions of the German …
Thyssenkrupp CEO confident TKMS spinoff sticks to state security conditions Read More »
By Marie Mannes STOCKHOLM (Reuters) -Volvo Cars has pushed back large-scale production at its factory under construction in Slovakia to early 2027 from 2026 to optimise the Swedish automaker’s product launch timeline, a spokesperson said on Thursday. The spokesperson said the decision was not made recently, but declined to comment on when it was taken. …
Volvo Cars pushes back large-scale production at new Slovak plant to early 2027 Read More »
BERLIN (Reuters) -The risk of inflation is pointing downwards rather than upwards, Belgium’s central bank governor, Pierre Wunsch, told Germany’s Handelsblatt newspaper in an interview published on Thursday. Speaking on the sidelines of a central bank conference in Sintra, the European Central Bank (ECB) governor cited the fall in energy prices, the continuing strength of …
ECB’s Wunsch: Inflation risk more downward than upward Read More »
