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1 month ago | 
gurutrade.com | Alun John |Dhara Ranasinghe |Amanda Cooper |Jane Merriman
Stoxx 600 falls 1.5% led by autos, banks and luxury
Trump proposes 50% tariff on European Union
Germany's 10-year yield falls 8 basis points
LONDON, May 23 (Reuters) - European stocks tumbled, the euro gave back some gains, and euro zone government bond yields fell sharply on Friday after U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1.
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1 month ago | 
gurutrade.com | Jane Merriman
NEW DELHI, May 22 (Reuters) - India's finished steel imports fell 11.3% year on year in April to 0.5 million metric tons following a decline in shipments from China and Japan, according to provisional government data reviewed by Reuters on Thursday.
India, the world's second-biggest crude steel producer, had in April imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China.
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1 month ago | 
today.westlaw.com | Amy-Jo Crowley |Jane Merriman |Andres Gonzalez |Andrés González
LONDON (Reuters) -Online classifieds group Adevinta is exploring the sale of its Spanish business, two sources with knowledge of the talks said, as its private equity owners seek to break-up the company to focus on three main markets and boost...
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1 month ago | 
gurutrade.com | Jane Merriman
May 14 (Reuters) - Euronext's revenues hit record levels in the first quarter on the back of "exceptional market volatility", the European stock exchange operator said on Wednesday, and its core profit was stronger than analysts expected.
The group, which operates exchanges in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris, has benefited from disruptions caused by U.S. President Donald Trump's tariffs, which led to financial market turmoil.
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1 month ago | 
gurutrade.com | Elke Ahlswede |Rachel More |Jane Merriman
FRANKFURT, May 14 (Reuters) - Hapag-Lloyd has seen an increase in demand for freight traffic this week between the United States and China, following a cooling in the countries' trade tensions.
The U.S. and China on Monday agreed to slash steep tariffs for at least 90 days, suspending a trade war between the world's two biggest economies that prompted fears of a global recession.
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1 month ago | 
gurutrade.com | Helen Reid |Jan Harvey |Louise Heavens |Jane Merriman
Burberry plans 1,700 job cuts globally
Full-year adjusted operating profit 26 million pounds
Full-year revenue 2.46 billion pounds
Fourth-quarter comparable sales fall slightly less than expected
LONDON, May 14 (Reuters) - Burberry shares surged 18% on Wednesday after the British luxury brand announced plans to shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance.
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1 month ago | 
today.westlaw.com | Jane Merriman |Arpan Chaturvedi |Aditya Kalra
NEW DELHI (Reuters) - India's Supreme Court on Friday quashed a lower court ruling ordering online encyclopedia operator Wikimedia Foundation, which runs Wikipedia, to remove a page describing its legal dispute with an Indian news agency.
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2 months ago | 
gurutrade.com | Richa Naidu |Jane Merriman |Tomasz Janowski |Jan Harvey
LONDON, April 23 (Reuters) - Reckitt, the maker of Dettol and Lysol cleaning products, on Wednesday missed first-quarter like-for-like net sales growth estimates as volumes in its top European and North American markets fell, sending its shares down.
The company also said that while it was "continuing to progress" the sale of its Essential Home business, expected this year, it recognised that "market conditions may impact this timeframe".
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2 months ago | 
gurutrade.com | Jane Merriman
SHANGHAI, April 21 (Reuters) - China's central bank said on Monday it was encouraging state-owned enterprises to prioritise yuan usage in payment and settlement in their overseas expansion, in what is seen as an official attempt to accelerate yuan internationalisation amid intensifying global trade tensions.
The comments come as U.S. President Donald Trump has launched so-called "reciprocal" tariffs, which have shaken up global trade and roiled financial markets.
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2 months ago | 
today.westlaw.com | Enes Tunagur |Jane Merriman |Kate Abnett |Jonathan Saul
LONDON (Reuters) -Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector that will impose an emissions fee on ships that breach it and reward vessels burning cleaner fuels.
