Reuters UK Business

KYIV (Reuters) – The end of preferential trade with the European Union in June could deprive Ukraine of 3.5 billion euros ($3.92 billion) in annual revenue, a hole other markets will be unable to fill, a senior Ukrainian lawmaker said on Friday. The EU temporarily waived duties and quotas on Ukrainian agriculture after Russia’s full-scale …

Ukraine may lose 3.5 billion euros a year if EU trade privileges end, lawmaker says Read More »

(Reuters) -The board of Italian digital bank illimity on Friday said a buyout bid launched by rival specialty lender Banca Ifis was “fair from a purely financial point of view” but was missing key details including a strategic outlook. The 298 million-euro ($334 million) offer, made in January and expected to run between May 19 …

Italy’s illimity deems Ifis’ bid ‘fair’ but warns of lack of information Read More »

(Reuters) -Detroit-based American Axle and Manufacturing said on Friday it plans to seek a secondary listing of its shares in London after its $1.4 billion acquisition of GKN Automotive owner Dowlais. “This will ensure a greater range of both existing and prospective shareholders are able to access the future value creation opportunity of the combination,” …

American Axle plans secondary London listing after GKN Automotive deal Read More »

LONDON (Reuters) -Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday. Barclays said it now expects the U.S. economy to grow 0.5% this year …

U.S. recession no longer likely after trade truce, says Barclays Read More »