16h31 Four former Barclays
executives conspired to commit fraud by hiding 322 million
pounds of payments to Qatar in return for cash injections in
2008, a prosecutor alleged at the opening of one of London's
most. . .
16h24 European Union's Brexit
negotiator Michel Barnier said on Wednesday that no-deal Brexit
was the default scenario and the fact that majority of the House
of Commons was against it would not prevent it from. . .
16h03 Germany and its
European Union partners have an interest in a close relationship
with Britain after it leaves the bloc, Chancellor Angela Merkel
said on Wednesday, adding that it was now up to London. . .
15h56 Russia slightly increased its oil
production to 11.39 million barrels per day (bpd) on average
between Jan. 1 and Jan 22, a source familiar with the Energy
Ministry data told Reuters on Wednesday.. . .
15h48 Popolare di Bari is studying
a possible tie-up with other local mutual banks, two sources
said, as the Rome government said it was keeping an eye on the
situation at the troubled southern Italian. . .
15h32 Italian Deputy Prime Minister
Matteo Salvini said on Wednesday he hoped the French people
would not choose President Emmanuel Macron's party in European
parliament elections later this year, drawing a sharp response
from officials in. . .
15h17 Chinese demand
for semiconductor manufacturing equipment has not slackened,
despite a slowdown in the country's economic growth and trade
frictions with the United States, the chief executive of
toolmaker ASML Holding NV told Reuters on. . .
15h09 Qatar is preparing to issue a
tender for energy firms seeking a stake in its gas expansion
project, drawing interest from long-standing partners as well as
newcomers Chevron, Norway's Equinor and Italy's Eni, industry
sources. . .
15h05 Gold held steady on Wednesday after
posting its best daily gain in two weeks in the previous
session, with investors drawn to bullion as global equities
slipped on economic growth fears and the U.S.-China. . .
15h02 Metro Bank shares lost a
third of their value on Wednesday after the British lender
announced a sharp rise in exposure to higher-risk mortgages and
said profits would be hit by slowing growth, raising. . .
14h36 The European Union's executive
said on Wednesday the bloc would do its utmost to avoid
extensive border controls between EU member state Ireland and
the British province of Northern Ireland regardless of how
Brexit goes,. . .
14h30 Malaysia will consider laws
to restrict imports of French products if Paris does not
withdraw plans to curb the use of palm oil in biofuels, Prime
Minister Mahathir Mohamad said in a letter to. . .
13h15 UK shares fell on Wednesday as fresh
worries about slowing global economic growth weighed on oil and
financial stocks, with Metro Bank losing almost a third of its
value after missing profit forecasts.. . .
12h50 Most euro zone bond yields fell
on Wednesday after the Bank of Japan set the tone for further
easing ahead by warning of rising risks to its economy, and
ahead of Thursday's European Central. . .
12h49 Britain's premier luxury brand
Burberry said a no-deal Brexit would cost it tens of
millions of pounds in tariffs and severely disrupt the movement
of fabrics and finished products between its suppliers,
manufacturing centres and. . .
12h17 Gazprom Neft, the oil
arm of Russian gas giant Gazprom, is studying the
possibility of its own liquefied natural gas (LNG) production in
the Arctic as it tries to monetise its vast natural gas
reserves.. . .
12h16 China's Union Life Insurance
is planning to sell a controlling stake that could be snapped up
by locals or foreigners looking to tap into the country's
growing demand for insurance products, three people familiar
with. . .
11h57 European shares dipped on
Wednesday morning as a new batch of corporate updates prompted
fresh concerns, particularly on the tech sector, and added to
worries about a global growth slowdown and Sino-U.S. trade
negotiations.. . .
11h38 British trade minister Liam Fox
will use a two-day trip to the World Economic Forum in Davos to
meet ministers from around the world to discuss rolling over
existing EU trade agreements after Britain. . .
11h35 The French government said it has
opened bids for a 300 megawatt solar power project as part of
the conversion programme for its Fessenheim nuclear power plant
that is due to be decommissioned by. . .
11h25 Apollo Global Management is to buy
packaging products maker RPC Group for 3.3 billion
pounds ($4.28 billion) in cash after months of negotiations,
marking the latest M&A deal for an industry in the midst. . .
10h00 Chilean copper miner Antofagasta Plc
ended the year with annual output at the higher end of
its forecast, boosted by record fourth-quarter production as
well as better grades and output at its Centinela mine.. . .
03h00 U.S. crude oil production will
continue to grow through 2019 and 2020, but at a much slower
pace than in 2018, according to the latest forecasts from the
U.S. Energy Information Administration.. . .
02h53 IBM Corp beat Wall Street
quarterly earnings estimates and also forecast 2019 profit above
expectations on Tuesday, in the latest indication that Chief
Executive Officer Ginni Rometty's efforts to turn around the
technology services company. . .
00h37 The French government and utility
EDF will study the possibility of converting the 1.2
gigawatts (GW) Cordemais coal power generators to burn biomass
due to its importance in guaranteeing security of supply, the
energy ministry. . .
22/01 Renault has called a
board meeting to replace Chairman and Chief Executive Carlos
Ghosn, in a move that may begin to ease tensions with alliance
partner Nissan in the wake of Ghosn's arrest in. . .
22/01 Broker ED&F Man has filed a $284
million lawsuit against two Hong Kong companies, alleging that
they knowingly provided fraudulent warehouse receipts for nickel
stored in Asia, court documents show.
The. . .
22/01 French payments company Ingenico's
2018 earnings before interest, tax, depreciation and
amortisation (EBITDA) will be lower than expected, the company
warned on Tuesday, citing underperformance in its Banks &
Acquirers division.. . .
22/01 The International Monetary Fund
has cut its global growth forecasts for the second time in three
months. Central banks in the U.S. and Europe are reversing a
decade of ultra-loose monetary policy. Trade tensions. . .
22/01 British cafe chain owner Patisserie
Holdings Plc on Tuesday appointed audit firm KPMG as
administrators after it was unable to renew its bank facilities
in the aftermath of an accounting scandal.. . .
22/01 The chief financial
officer of Asia-focused bank Standard Chartered
believes a second referendum on Britain's membership of the
European Union could be a way to end a paralysing parliamentary
deadlock on future ties with the. . .
22/01 Britain's FTSE 100 posted its worst day
in nearly a month on Tuesday as renewed global economic slowdown
worries sparked a sell-off across the U.S., Asian and European
markets and a stronger pound weighed,. . .
22/01 Illycaffe could
broaden its partnership with JAB Holding, Chairman Andrea Illy
said on Tuesday, but ruled out the investment group taking a
stake in the family-owned Italian premium coffee maker.. . .
22/01 Russia's Energy Minister
Alexander Novak will not fly to Switzerland to attend the Davos
world economic forum due to changes in his schedule, an energy
ministry spokeswoman told Reuters on Tuesday.. . .
22/01 Loss-making carmaker
Bentley is on track to be profitable this year but a no-deal
Brexit puts that at "fundamental risk", its boss told Reuters,
adding that the chance of Britain leaving the EU on. . .
22/01 China's Huawei
Technologies wants a quick resolution of the case of
its former finance chief Meng Wanzhou, who is accused of
violating U.S. sanctions on Iran and has been detained in
Canada, its chairman said. . .
22/01 The chief executive officer of Johnson
Controls International Plc said on Tuesday that he was
seeing a slowdown in automotive production in China, an
important segment for the Irish-based car batteries maker.. . .
22/01 The leaders of France
and Germany signed a new treaty on Tuesday to update their 1963
post-war reconciliation accord, aiming to reinvigorate the
European Union's main axis as growing eurosceptic nationalism
tests the bloc's cohesion.. . .
22/01 British ferry and shipping
freight operator P&O will shift the registration of its UK
vessels to Cyprus ahead of Britain's departure from the European
Union, in part to keep its tax arrangements in the. . .
22/01 Danish financial firms risk
problems getting financing and risk capital abroad if there is a
repeat of the Danske Bank money laundering scandal, the
country's financial regulator said, as lawmakers sought to
toughen liability rules. . .
22/01 Morale among German investors
improved slightly in January, but their assessment of the
economy's current condition deteriorated to a four-year low, a
survey showed on Tuesday, sending mixed signals for the growth
outlook of Europe's. . .
22/01 Croatia sold 1.41 billion kuna
($215.75 million) worth of one-year treasury bills at an auction
on Tuesday, with the yield staying flat, finance ministry data
The bills yielded 0.09 percent.. . .
Mercedes-Benz Cars will start producing electric batteries in
Jawor, Poland, the Polish Prime Minister Mateusz Morawiecki said
on Tuesday, as the company looks to ramp up its investments into
electric batteries in the coming. . .
22/01 Shares of IG Group Holdings Plc
fell 12 percent on Tuesday after the online financial trading
company reported a slump in first-half earnings as new
regulations made it harder for some clients to use. . .
22/01 Shares in German fashion house
Hugo Boss jumped on Tuesday after it reported sales
growth picked up at the end of 2018 across its stores, online
and at its wholesale business, which benefited from. . .
22/01 British retailers are giving updates on
Christmas trading, by far their busiest and most important
period of the year, stretching from "Black Friday" on Nov. 23 to
early January clearance sales.. . .
22/01 Litigation funder IMF Bentham
has teamed up with legal experts Quinn Emanuel and
Njord Law Firm and plans to file a shareholder lawsuit against
Danske Bank by July over a 200 billion euro ($230
billion). . .
22/01 India's top drugmaker by market value Sun
Pharmaceutical Industries announced on Tuesday a new
local distributor and other measures in a bid to ease investor
concerns over its corporate governance, sending its shares up
more. . .
22/01 Kier Group Chief Executive Haydn
Mursell is leaving the British builder with immediate effect,
the company said on Tuesday, a month after many of its
shareholders refused to buy into a new issue of. . .
22/01 Euro zone banks expect to
tighten credit standards for business and housing loans in the
first quarter and experience a moderation in loan demand, the
European Central Bank said on Tuesday in a quarterly. . .
22/01 Toyota Motor Corp and
Panasonic Corp are launching a joint venture next year
to make electric vehicle (EV) batteries, leveraging the heft of
one of the world's largest automakers and battery makers to
expand their. . .
22/01 Britain's Financial Reporting
Council (FRC) has opened a second investigation into how
accounting firm KPMG audited the books of collapsed UK
construction company Carillion, the watchdog said on Tuesday.. . .
22/01 Remy Cointreau's shares fell on
Tuesday, surrendering early gains made at the start of trading,
as analysts cited concerns over the outlook for China - a key
market for the French spirits company.. . .
22/01 Close Brothers Group expects a
"solid outcome" for its fiscal half year ending in January, the
British lender said, as loan growth at its banking division
offset sharply lower volumes at its market maker. . .
22/01 Carlos Ghosn's latest request for
bail was rejected by a Tokyo court on Tuesday, despite the
ousted Nissan chairman offering to wear an electronic ankle tag
in an unusual bid to win release after. . .
22/01 Logitech International SA raised
its full-year profit outlook on Tuesday, after strong growth in
its gaming hardware business helped the computer peripheral and
mobile speaker maker beat third-quarter expectations.. . .
22/01 Years after sweeping reform aimed
at eliminating logjams in warehouses that collect rent for
storing metal, a firm is preventing companies from getting
material when they need it from a Malaysian port, five sources
close. . .
22/01 A strike in the French power
sector has reduced power generation at state-controlled utility
EDF's 1,300 megawatt (MW) St. Alban 1 nuclear reactor
by around 80 percent, electricity grid operator RTE said on
Monday.. . .
21/01 Britain's opposition Labour Party
is seeking to force Prime Minister Theresa May to rule out
leaving the European Union without a deal and to give parliament
a vote on the options to break a. . .
21/01 The International
Monetary Fund trimmed its global growth forecasts on Monday and
a survey showed increasing pessimism among business chiefs as
trade tensions and uncertainty loomed over the world's biggest
annual gathering of the rich. . .
21/01 The head of one of the world's
largest aircraft leasing companies has told leading planemakers
to "get their house in order" and wipe out manufacturing delays
before pushing already record production rates to even. . .
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