By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission urged the U.S. on Friday to bring respect, not threats, to trade talks after President Donald Trump pushed for a 50% tariff on EU goods. Insisting the European Union was committed to securing a deal that worked for both sides, EU trade chief Maros Sefcovic spoke with …
EU urges respect not threats as Trump pushes for 50% tariff Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators have widened their investigation into Visa and Mastercard’s fees as they seek feedback from terminal providers and payments companies that could lead to charges of anti-competitive practices, according to a European Commission document seen by Reuters. A new questionnaire was sent after a similar one was …
Visa, Mastercard fees probe widens as EU antitrust regulators look into market power Read More »
By Valentina Za and Tommy Reggiori Wilkes MILAN/LONDON (Reuters) -Rome’s determination to have a say in the reshaping of Italy’s financial sector has made things increasingly unpredictable for investors who have waited years for consolidation of the country’s fragmented banking landscape. UniCredit and its CEO Andrea Orcel are locked in a standoff with the Italian …
Analysis-Rome’s seat at Italian bank M&A table keeps investors guessing Read More »
LONDON (Reuters) -RedBird Capital Partners, the U.S. fund that bought Britain’s Telegraph newspaper in partnership with UAE-owned IMI, will take control of the publication after agreeing a deal that values the enterprise at 500 million pounds ($673 million). The ownership of the right-leaning broadsheet has been in flux after the Abu Dhabi-backed RedBird IMI bought …
RedBird Capital agrees deal to buy UK’s Telegraph Read More »
By Marc Jones LONDON (Reuters) -Moody’s has withdrawn the credit rating of the financing arm of Thames Water’s parent company, citing a lack of information on the embattled unit. “We have decided to withdraw the rating (of Thames Water Kemble Finance PLC) because we believe we have insufficient or otherwise inadequate information to support the …
Moody’s withdraws key Thames Water rating over lack of information Read More »
LONDON/NEW YORK (Reuters) – U.S. President Donald Trump cranked up his trade threats on Friday, targeting both smartphone giant Apple along with imports from the European Union, roiling global markets. Trump threatened to impose a 25% tariff on Apple for any iPhones sold, but not manufactured, in the United States. He also said he would …
Instant View: Markets fall as Trump recommends 50% tariff on EU, targets Apple Read More »
(Reuters) -British equities slipped on Friday, as renewed trade tensions after U.S. President Donald Trump recommended a 50% tariff on goods from the European Union overshadowed positive UK economic data. Sterling traded at its highest in over three years, adding pressure to the UK’s export-heavy benchmark share index. The FTSE 100 slipped 0.2%, though it …
UK stocks slip as Trump reignites tariff worries Read More »
By Sruthi Shankar, Medha Singh, Ragini Mathur and Purvi Agarwal (Reuters) -European shares closed sharply lower on Friday after U.S. President Donald Trump ramped up threats of tariffs on the European Union and smartphone giant Apple, reigniting fears of a damaging global trade war. Trump said he is recommending a straight 50% tariff on goods …
European stocks close week lower on Trump’s EU, Apple tariff threats Read More »
(Reuters) -Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation, following Moody’s downgrade of the U.S. sovereign credit rating. According to LSEG Lipper, global equity funds saw $9.4 billion in net outflows, a …
Global equity funds post their biggest weekly outflow in six weeks Read More »
LONDON (Reuters) -U.S. President Donald Trump threatened once again on Friday to ramp up his trade war, recommending a 50% tariff on European Union goods starting June 1 and warning Apple he may impose a 25% tariff on iPhones manufactured outside the U.S. Here is some reaction to the EU tariff news: VOLVO CARS CEO …
Reaction to Trump’s threat of 50% tariffs on EU goods Read More »
