By Tom Westbrook and Ankur Banerjee SINGAPORE (Reuters) – Investors dusted off their trade war playbooks on Tuesday, confident their portfolios were better-prepared for Donald Trump this time after the U.S. President-elect took to social media and pledged new tariffs on Mexico, Canada and China. Muscle memory, formed over years of gyrating to Trump’s tweets…
FRANKFURT (Reuters) – The European Central Bank will keep cutting interest rates as inflation falls and its focus is slowly shifting to growth, which is proving fragile, ECB Vice President Luis de Guindos told a Finnish newspaper. “Concerns about high inflation have shifted to economic growth,” Helsingin Sanomat quoted de Guindos as saying. “The trajectory…
LONDON (Reuters) – European automakers shares fell in early trading on Tuesday, as traders reacted to President-elect Donald Trump pledging big tariffs on Canada, Mexico and China, news that fueled jitters over a potential global trade war. A basket of European auto stocks was the worst performer among sectors shortly after the open, down 1.5%…
(Reuters) – Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company, Adani Green Energy (NS:ADNA). Adani Group has denied all the accusations as “baseless”, but its 10…
Investing.com — The US macro outlook for 2025 is “murky at best,” Deutsche Bank (ETR:DBKGn) analysts said, citing the uncertain impact of the Trump administration’s policies on economic growth. “Trump has promised additional tax-cut measures, which should bolster GDP growth,” analysts led by Nicole DeBlase wrote in a note. “But his staunchly protectionist position may also…
(Reuters) – Walt Disney (NYSE:DIS) has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs’ lawyers said in a statement on Monday. As part of the settlement, Disney has agreed to retain a labour…
By Mike Dolan LONDON (Reuters) – It may just be the turn of currency markets to play ‘bad cop’ to the incoming U.S. administration’s proposed tariff hikes – sideswiping its trade threats by catapulting the dollar higher. In recent decades, market protests have usually involved so-called bond vigilantes, creditors demanding sky-high lending rates in response…
A look at the day ahead in European and global markets from Kevin Buckland And so it begins. Trump took to his platform Truth Social late on Monday to threaten 25% tariffs on Mexico and Canada if they don’t better control their borders, and additional tariffs on China. Asian investors still sipping their morning coffees…
(Reuters) – Citigroup (NYSE:C) is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term restructuring to shrink headcount, the Financial Times reported on Tuesday. Managers have been told that as many as 2,000 Citi employees could get a pay hike and title in the next month,…
Investing.com– Most Asian currencies edged lower on Tuesday, with the Chinese yuan dropping to a four-month low against a stronger dollar after U.S. President-elect Donald Trump said he will impose additional trade tariffs on China, Mexico, and Canada. Trump threatened to impose a 25% tariff on all products from Mexico and Canada, and an additional…
