BERLIN (Reuters) -Mercedes-Benz has proposed a deal under which U.S. cars could be imported into Europe duty free in exchange for tariff waivers on the same number of vehicles that EU automakers export to the U.S., the company’s CEO said in a German magazine interview. “For every car that leaves the USA or Europe, a …
Mercedes-Benz proposes tariff offset system with US, Spiegel reports Read More »
By Elisa Anzolin and Mathieu Rosemain PARIS/MILAN (Reuters) -Gucci owner Kering is in exclusive talks with buyout group Ardian about the sale of a stake in a prestigious Fifth Avenue building it bought just over a year ago, two people with direct knowledge of the matter told Reuters. The negotiations are part of the French …
FRANKFURT (Reuters) -The European Central Bank cut interest rates for the eighth time in a year on Thursday, acknowledging inflation was under control and turning more pessimistic about the euro zone’s economic prospects amid risks of a trade war with the United States. Thursday’s cut lowers the rate that the ECB pays on bank deposits …
ECB cuts rates for eighth time amid trade war risk Read More »
KYIV (Reuters) -Ukraine’s central bank on Thursday kept its benchmark interest rate unchanged at 15.5% for the second consecutive meeting, citing above-forecast inflation in May in its statement. Consumer prices climbed 15.1% in April year-on-year, and May inflation data is due to be released next week. The central bank expects price growth to start slowing …
Ukraine’s central bank keeps benchmark rate on hold citing high May inflation Read More »
By Lucy Raitano and Johann M Cherian LONDON (Reuters) -Sterling ticked higher against the dollar on Thursday, one of the few major currencies to hold its own against the greenback which regained ground after weak U.S. data dragged it lower on Wednesday. The pound was up 0.14% at $1.3574, while against the euro it was …
Sterling holds its own against stronger dollar, trade optimism lends supports Read More »
By Ankita Bora (Reuters) -Workspace Group expects challenges with renting out its bigger office spaces to persist in the current fiscal year, the UK-focussed company said on Thursday, after it reported a drop in occupancy due to vacancies at larger units. The company, which leases out space to small businesses ranging from fintech firms to …
UK’s Workspace Group expects subdued rental demand for larger office spaces to persist Read More »
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Berlin needs to decide soon whether it will buy a stake in Thyssenkrupp’s defence division TKMS, a leading labour official said, calling for clarity on the matter before a key supervisory board meeting planned for later this month. Daniel Friedrich of Germany’s biggest union IG Metall said …
Berlin needs to act quickly on possible TKMS stake buy, union leader says Read More »
By Conor Humphries and Padraic Halpin DUBLIN (Reuters) -Ireland’s gross domestic product grew by a hefty 9.7% quarter-on-quarter in the first three months due to a surge in pharma exports to the U.S. ahead of threatened tariffs, likely further distorting the average growth rate across the euro zone. With Ireland’s large multinational sector often distorting …
Irish GDP jumps 9.7% q/q on tariff-beating pharma exports to US Read More »
By David Milliken and Muvija M LONDON (Reuters) -Britain’s Office for National Statistics said on Thursday that April’s consumer price inflation reading of 3.5% had been overstated by 0.1 percentage points due to an error in car tax data provided by the government. The error also affected the retail prices index – used to calculate …
UK statistics agency says April inflation data overstated by 0.1 percentage points Read More »
VIENNA (Reuters) -Raiffeisen Bank International said on Thursday that Russia’s central bank had debited 174 million euros ($199 million) from the Austrian lender’s account to complete the payment of damages imposed by Russia. The payment of interests, which completes the transfer of the more than 2 billion euros in damages due, has previously been seen …
Austria’s Raiffeisen completes damages payment to Russia Read More »
