22h59 Pfizer Inc agreed to pay $23.85
million to resolve U.S. charges that it used a purportedly
independent charity to pay illegal kickbacks to Medicare
patients, covering their out-of-pocket costs for its
prescription drugs.. . .
20h33 India's Tamil Nadu
state said on Thursday that it was seeking a permanent closure
of a big copper smelter run by London-listed Vedanta Resources
after 13 people died in protests demanding the closure
of the. . .
19h55 Sugar futures on ICE
extended gains to eight-week highs on Thursday, while coffee
prices rose modestly, buoyed in part by a truck drivers' strike
in top grower Brazil that could reduce the flow of. . .
19h29 France's state-run rail company
SNCF is exploring selling down its stakes in two subsidiaries,
hire car start-up Ouicar and car-sharing platform iDVroom,
business newspaper Les Echos reported on Thursday.. . .
aluminium producer Rusal has asked the Russian
government to purchase some of its output, a government source
said on Thursday, in an effort to alleviate the pain inflicted
by U.S. sanctions.. . .
19h01 Russian gas giant Gazprom
clinched a deal with EU antitrust regulators on
Thursday to reform its pricing structure and allow rivals a
foothold in eastern Europe, avoiding fines in a case that has
dragged on. . .
18h43 European stocks fell on
Thursday as carmaker shares came under pressure after the United
States launched an investigation into auto imports, while
Deutsche Bank dropped after announcing thousands of
job cuts.. . .
18h19 Lead hit its highest in nearly
three months on Thursday as a plunge in available LME warehouse
stocks fed into this week's price rally, while copper edged up
after the previous session's sharp losses.. . .
17h45 Russia's Alrosa,
the world's largest producer of rough diamonds in carat terms,
said on Thursday first-half sales would be significantly higher
than it originally planned due to market strength.. . .
17h16 Britain warned the European Union
on Thursday it will demand the repayment of up to 1 billion
pounds ($1.34 billion) if the bloc restricts its access to the
Galileo satellite navigation system, Europe's version. . .
17h14 LafargeHolcim is poised
to launch a major shake-up of its head offices in Paris and
Zurich which could trigger hundreds of job cuts, two sources
familiar with the matter told Reuters on Thursday.. . .
17h03 Already facing a likely growth
slowdown, the euro zone risks a sudden tightening of financial
conditions next month should banks across the bloc use the
opportunity to repay billions of euros in cheap loans. . .
16h23 NioCorp Developments,
which is in the process of raising financing for a minerals
project in Nebraska, has just seen its Toronto-listed shares
surge from C$0.52 to $0.70 in the space of two days thanks. . .
16h14 Hong Kong Exchanges and
Clearing (HKEX) is "working very hard" on ETF Connect,
a cross-border scheme that would give Chinese investors exposure
to overseas assets through exchange-traded funds (ETF) listed in
Hong Kong, an exchange. . .
15h57 Slovenia's largest bank,
state-owned Nova Ljubljanska Banka (NLB), said group net profit
in the first quarter of 2018 fell 29 percent to 57.7 million
euros ($67.6 million), partly due to higher costs.. . .
15h43 Britain's Lloyds Banking Group
faced a barrage of allegations of poor customer service
and withholding misconduct compensation on Thursday, laying bare
the task of rebuilding customer trust after years of
reputational damage.. . .
14h56 Private bank Vontobel is
buying smaller competitor Notenstein La Roche from Swiss
cooperative bank Raiffeisen for $705 million, the
first in what industry insiders expect could be a new wave of
consolidation in the sector.. . .
14h49 The European Commission
proposed on Thursday setting up a new class of Sovereign
Bond-Backed Securities (SBBS) to encourage banks and investors
to diversify their holdings of euro zone bonds.. . .
14h18 Algeria plans customs duties
between 60 to 200 percent on finished goods, according to an
official document seen by Reuters on Thursday, creating new
revenues to offset lower energy earnings.. . .
14h05 BNP Paribas chief
executive Jean-Laurent Bonnafe effectively ruled out a tie-up
with struggling German rival Deutsche Bank on
Thursday, saying the French lender is not considering any large
takeovers or mergers.. . .
13h37 Britain's Paragon Banking Group
cautioned on Thursday that the domestic mortgage market remains
subdued, even as a surge in lending volumes helped the lender
post a 4.7 percent rise in profit for the first. . .
13h25 British property group Capital &
Counties Properties (Capco) is considering a break-up
by splitting its prime London estates of Covent Garden and Earls
Court into two separately listed companies.. . .
13h15 Sainsbury's, Britain's
second largest supermarket group, has bowed to pressure from
employees and trade unions by changing some of the pay proposals
it detailed in March as part of a move to simplify the. . .
13h12 Budget airline Wizz Air
sees profit soaring again this year as bigger, more efficient
A321 planes help it to keep costs down, putting it on course to
outshine larger rival Ryanair which is more. . .
12h11 The European Commission has
opened an investigation into hot-rolled steel sheet piles
imported from China to determine whether they are being dumped
in Europe, according to a notice in the EU Official Journal on
Thursday.. . .
12h03 A state audit of operations at
Indonesia's Grasberg mine has cast a cloud over the government's
multi-billion-dollar deal to take a majority stake in the mine
from Freeport McMoRan Inc and its partner Rio. . .
11h47 A record number of British
businesses invested in Germany last year to help them to cope
with the looming effects of Brexit, a study by a German
government agency showed on Thursday, with the. . .
11h45 British food ingredients company
Tate & Lyle is stepping up efforts to accelerate profit
growth, its new CEO said on Thursday after reporting a 13
percent jump in adjusted full-year earnings, sending its shares
up. . .