Euro slides after Italian lawmaker talks up national currency
The euro fell to a six-week low on Tuesday after a senior official from Italy’s ruling party said most of the country’s problems would be resolved if it scrapped the euro for a national currency, triggering a broad market sell-off.
Euro slides after Italian lawmaker talks up national currency
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy’s ruling parties said most of the country’s problems would be resolved if it readopted a national currency, triggering a broad market sell-off.
BMW would up Dutch production in hard Brexit scenario: CEO
German carmaker BMW sees a 50:50 chance of Britain leaving the European Union without a trade agreement, which would force it to shift more production of Mini vehicles to the Netherlands, Chief Executive Harald Krueger said on Tuesday.
World stocks reverse course as Italy stress grips Europe again
World stocks went south and European assets sold off on Tuesday after anti-euro comments from an Italian party official weighed on the single currency and sent Italy’s bond yields up to multi-year highs.
Radisson joins rivals with hotel expansion in Africa
Radisson Hospitality will invest in ten new hotels across Africa, the company said on Tuesday, the latest hotel group eyeing expansion on an underdeveloped continent.
Making cars separately for UK and EU would impact UK production, PSA warns
If Britain’s departure from the European Union disrupts trade to the extent PSA Group has to make cars separately for the two markets, there would “necessarily be an impact” on its UK production, the automaker’s European boss said on Tuesday.
Euro slides after Italian lawmaker mentions return to own currency
The euro fell towards a five-week low on Tuesday after a senior official from Italy’s ruling party said most of the country’s problems would be resolved if it scrapped the euro for its own currency.
Mazda CEO welcomes new U.S., Canada, Mexico trade pact
Japanese automaker Mazda Motor Corp welcomed on Tuesday a new trade deal between the United States, Mexico and Canada, and said it would work to meet new rules on components used in Mazda vehicles made in Mexico.
U.S. oil hits four-year peak ahead of sanctions on Iran
U.S. oil prices hit their highest level since November 2014 on Tuesday and Brent crude was also near a four-year peak reached the previous day, with markets preparing for tighter supply once U.S. sanctions against Iran kick in next month.
Asia stocks slip as NAFTA lift fades; oil near 4-year highs
Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment.
