By Amanda Cooper and Samuel Indyk LONDON (Reuters) -The pound edged up on Thursday while British stocks struggled to find a foothold after U.S. President Donald Trump and UK Prime Minister Keir Starmer unveiled an eagerly awaited trade deal. UK markets got some support from the Bank of England’s widely expected decision to cut its …
Pound, UK stocks take some heart from US/UK trade deal Read More »
WARSAW (Reuters) -Western governments should make legal commitments to pool the risk of keeping Russian central bank assets frozen if European Union sanctions are no longer in place, Belgian Foreign Minister Maxime Prevot told Reuters on Thursday. Some 210 billion euros in Russian central bank assets are immobilised in the EU by sanctions. Belgium-based clearing …
Belgian minister says partners could pool risk to keep Russian assets frozen Read More »
By Oliver Hirt and Ariane Luthi (Reuters) -Proxy advisor Ethos has called on Holcim shareholders to reject the company’s remuneration proposals, saying Chairman Jan Jenisch’s estimated 48 million Swiss franc ($58 million) compensation realised in 2024 would make him the highest-paid manager among Swiss blue-chip companies. Ethos calculated the figure for realised compensation for Jenisch, …
Proxy advisor opposes Holcim chairman’s $58 million compensation package Read More »
LONDON (Reuters) – U.S. President Donald Trump and British Prime Minister Keir Starmer on Thursday announced a “breakthrough deal” on trade. The deal leaves in place a 10% U.S. tariff on goods imported from the UK, while Britain agreed to lower its duties to 1.8% from 5.1% and provide greater access to U.S. goods. Britain’s …
Instant View: Trump heralds ‘breakthrough’ deal with UK Read More »
MADRID (Reuters) -Spain’s largest hotel chain Melia expects summer sales in its home country to rise this year compared to 2024, Chief Executive Gabriel Escarrer told shareholders on Thursday, before the company posted a 93% rise in first-quarter profit. Melia booked a net income of 10.5 million euros ($11.85 million) during the first three months …
Hotel chain Melia sees higher 2025 summer sales in Spain as quarterly profit doubles Read More »
LONDON/WASHINGTON (Reuters) – The United States and Britain announced a deal to lower tariffs on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets. Below are some of the main points from the agreement: BASIC 10% TARIFF U.S. Commerce Secretary Howard Lutnick …
LONDON (Reuters) – The London Bullion Market Association said on Thursday that gold held in London vaults totalled 8,536 metric tons at the end of April, up 0.6% from the previous month, as more of the precious metal returned from New York to London after dislocation. The premium of the most active COMEX gold futures’ …
Gold reserves in London vaults rise in April as bullion returns from US Read More »
By Deborah Mary Sophia (Reuters) – Shopify is seeing steady growth in the number of merchants signing up on its e-commerce platform and no weakness so far in consumer demand, the Canadian company said on Thursday, easing some investor fears of a tariff-induced hit. The company also said it expects no meaningful impact to its …
Shopify sees strong revenue as e-commerce business grows despite tariff gloom Read More »
By Karin Strohecker and Olena Harmash LONDON (Reuters) – Ukraine is starting to consider a shift away from the U.S. dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central Bank Governor Andriy Pyshnyi told Reuters. Potential accession to the European Union, …
Exclusive-Ukraine considers shift from dollar to euro amid geopolitical realignments Read More »
By Nora Eckert DETROIT (Reuters) -Ford Motor executives told shareholders Thursday that there are no plans to offer stock buybacks or spin off its lucrative commercial vehicle operations, in response to questions on both topics at its annual shareholder meeting. “We have done buybacks during my tenure here, and they typically have not worked,” said …
Ford executives say no buybacks or commercial vehicle spinoff planned Read More »
