By Naomi Rovnick, Iain Withers and Simon Jessop LONDON (Reuters) -European asset managers are reconsidering their policies on investing in defence, under pressure from clients and some politicians to loosen restrictions and help fund the continent’s race to re-arm. Under European Union rules, a number of funds badged as sustainable need to ensure their investments…
After the Trump administration imposed tariffs on Mexico, Canada, and China, the European Union was expected to be the next in line. Washington did, in fact, impose 25 percent tariffs on steel and aluminum imports from the EU this week, as well as on a range of other commodities including cars and agricultural products by…
The incoming German government, rattled by the prospect of U.S. President Donald Trump withdrawing security guarantees, is preparing a fundamental readjustment of its defense posture. The new coalition of Christian Democrats (CDU/CSU) and Social Democrats (SPD) has already agreed to push for changes to the debt brake that would pave the way to dramatically higher…
(Bloomberg) — The euro gained in early trading with Eastern European currencies as the region’s leaders scrambled to offer Ukraine their support amid concerns of a US pullback. Most Read from Bloomberg The common currency rose 0.4% against the dollar, outperforming major peers. The Polish zloty and Romanian leu also climbed. European equity futures pointed…
(Bloomberg) — European bonds slipped and shares in defense companies rallied on the likelihood of greater military spending, which could force governments to step up borrowing in the coming years. Most Read from Bloomberg Prices for German, French and Italian bonds all declined, with 10-year bund yields — the benchmark borrowing rate for the euro…