22h37 France's budget deficit is likely
to overshoot the European Union's limit of 3 percent of GDP next
year and stand at around 3.2 percent, Prime Minister Edouard
Philippe told Les Echos newspaper in an. . .
13h26 Germany's economy minister said
he believed the Russian-backed Nord Stream 2 pipeline can go
ahead while preserving Ukraine's vital interests, but that
Berlin is also in talks to diversify its energy supply with
liquefied natural. . .
12h32 Britain's main opposition Labour
Party will do all it can to force the government to bring a vote
on Prime Minister Theresa May's Brexit deal to parliament next
week, its election coordinator Andrew Gwynne. . .
14/12 French media giant Vivendi
called on Friday for the replacement of five of Telecom
Italia's board members put forward by U.S. activist
fund Elliott, citing a "substantial lack of independence".. . .
14/12 A U.S. government auction for three wind
leases off the coast of Massachusetts ended on Friday with
record-setting bids totaling more than $400 million from
companies backed by European energy giants including Royal Dutch
Shell. . .
14/12 Robusta coffee futures
hit a new contract low on Friday as ample supplies and fund
selling pressured prices, while raw sugar futures were pressured
by the falling currency in top grower Brazil.. . .
14/12 Although the main banks have
stepped up preparations for a potential no-deal Brexit, UK-based
payment firms used by European Union customers are not ready,
the bloc's banking watchdog said on Friday.. . .
14/12 Italian Prime Minister Giuseppe
Conte expressed hope on Friday of reaching a deal with Brussels
this weekend over his government's revised 2019 budget to avoid
an EU disciplinary procedure, but offered few new concessions.. . .
14/12 Allied Irish Banks named
its head of wholesale and institutional banking as its new chief
executive on Friday, replacing Bernard Byrne who joined an
exodus blamed by the bank on a government-imposed pay cap.. . .
14/12 European Union leaders took a
step towards deeper euro zone integration on Friday to help
prevent future crises, but deep disagreement left key issues
like a euro zone budget and a deposit guarantee scheme
unresolved.. . .
14/12 Banco Espirito Santo's former
finance director is suing the Bank of Portugal and KPMG,
demanding they pay the state 4.3 billion euros ($4.9 billion)
for allegedly falsifying its accounts before the bank's 2014
collapse.. . .
14/12 Weak economic data from China
sent Britain's top stock index down on Friday as miners,
consumer stocks and banks suffered from investors' mounting
anxiety about the world's second-biggest economy.. . .
14/12 European shares closed lower for
a second day on Friday as weak European and Chinese data renewed
worries about global growth and sent a pan-European benchmark on
course for its worst quarter since 2011.. . .
14/12 British shale gas company
Cuadrilla has paused fracking at its Preston New Road site in
Lancashire, northwest England, for the fourth time since October
following a minor seismic event, it said on Friday.. . .
14/12 Germany's economy minister does
not expect a disorderly Brexit and believes the danger of a
major trade conflict between the European Union and the United
States is not yet over but has also not. . .
14/12 German Finance Minister Olaf
Scholz on Friday lauded positive developments in the German
banking sector in recent months, and said his ministry was not
overly concerned about the future of Deutsche Bank,
Germany's largest bank.. . .
14/12 Huawei faces
fresh challenges in Europe after Germany's Deutsche Telekom
announced it would review its vendor strategy and
Orange said it would not hire the Chinese firm to
build its next-generation network in France.. . .
14/12 Around $150 millions' worth of
oil was stolen from Shell's biggest global refinery over several
years, Singapore court documents reviewed by Reuters show, far
more than reported when police first revealed the heist earlier
this. . .
14/12 Canadian copper producer Imperial
Metals has hired Bank of Montreal (BMO) to speed up a
restructuring process that could include the sale of the company
for up to $1 billion, two sources familiar with. . .
14/12 Swiss Finance Minister Ueli
Maurer played down on Friday the impact of a European Commission
proposal to extend recognition of Swiss stock trading rules for
just six months in a row over a new. . .
14/12 The French government is seeking
candidates to replace Renault's embattled boss Carlos
Ghosn, as some board members began to voice doubts about keeping
him in office after his indictment in Japan for suspected
misconduct, several. . .
14/12 Croatian energy group INA's
biggest refinery, located in the northern Adriatic
port of Rijeka, will undergo a planned maintenance from January
to mid-April next year, the company said on Friday.. . .
14/12 The European Medicines Agency (EMA) said
on Friday its draft budget for 2019 was slightly lower than last
year, blaming the dip on the watchdog's forced relocation from
London to Amsterdam because of Brexit.. . .
14/12 The Norwegian government has
postponed a decision on whether to mandate the construction of
an oil processing terminal near the Arctic tip of northern
Europe until the third quarter of next year, it said. . .
14/12 Lufthansa is in
early talks about a possible tie-up between its LSG Group
catering unit with partners such as Austria's Do&Co,
Singapore's SATS and Switzerland's Gategroup, people
close to the matter said.. . .
14/12 Oil loadings have resumed at
Russia's Afipsky refinery, pipeline monopoly Transneft
said on Friday, after top lender Sberbank
provided a credit line to the Afipsky and Antipinsky refineries.. . .
14/12 Delegates at U.N.
climate talks in the Polish city of Katowice point to the mining
museum next to the conference venue as the proper place for
coal, which provides 80 percent of the country's. . .
14/12 Prime Minister Giuseppe Conte
sought to convince European Union leaders on Friday that his
offer to cut Italy's deficit target for next year should make an
EU disciplinary procedure unnecessary.. . .
14/12 Palmali, one of the biggest
players in Russia's river-to-sea cargo market, plans to appeal
against a court decision declaring its Russian business bankrupt
and effectively handing its fleet over to Sberbank, the shipping
firm's owner. . .
14/12 India's top court rejected
petitions on Friday seeking an investigation of fighter jet deal
worth about $8.7 billion with France's Dassault Aviation
, handing a political victory to the ruling party
months before a general. . .
14/12 Euro zone banks will repay 3.1
billion euros ($3.5 billion) of ultra cheap funding to the
European Central Bank early, returning only a fraction of their
borrowings ahead of schedule, the ECB said on. . .
14/12 Thyssenkrupp moved
on Friday to fill key management positions, preparing for the
spin off its capital goods business after a tumultuous year that
saw the resignation of the conglomerate's top leadership.. . .
14/12 London Stock Exchange Group said
on Friday its stake in its clearing house LCH had risen to 82.6
percent, as it closed the acquisition of an additional 14.6
percent from some minority shareholders for. . .
14/12 The Italian government is happy it
could lower its deficit target for next year, Deputy Prime
Minister Luigi Di Maio said on Friday, although he also said
that economic growth may be smaller than. . .
14/12 Coal railway workers at
Australian hauler Aurizon Holdings Ltd have postponed
some planned strikes in Queensland, a union official said, as a
cyclone is forecast to bring poor weather near some of the
affected railways.. . .
14/12 Austria's economic growth will
hold steady this year at 2.7 percent, supported by strong
domestic demand and exports, then slow markedly in 2019, the
country's central bank said in its half-yearly economic
forecasts on Friday.. . .
14/12 Jet Airways Ltd's
69-year-old founder Naresh Goyal, who started out as an
assistant in a travel agency, wove together charm, persistence
and consummate dealmaking to build India's biggest full-service
carrier.. . .
14/12 French business activity plunged
unexpectedly into contraction this month, retreating at the
fastest pace in over four years in the face of violent
anti-government protests, a monthly survey showed on Friday.. . .
14/12 British construction group Balfour Beatty
Plc on Friday said it expects to report full-year
profit above its earlier expectations, getting a boost on the
proceeds from the sale of an infrastructure investment this
month.. . .
14/12 Interdealer broker TP ICAP said
on Friday former JPMorgan Chase executive Richard
Berliand would join as chairman-designate early next year,
taking over from Rupert Robson, who is set to retire after 12
years on the. . .
14/12 Slovenia's largest fuel
retailer Petrol expects its 2019 group net profit to
rise to 96.7 million euros ($110 million) from an expected 86.9
million this year, mainly due to higher sales, the company said
in. . .
14/12 Growth in Germany, Europe's
biggest economy, will slow in the coming years, the Bundesbank
said on Friday, cutting its forecasts in a biannual review after
a string of disappointing data in recent months.. . .
14/12 Sweden's Intrum said on Friday it will
buy Banco Sabadell's real estate servicer Solvia for
an enterprise value of about 300 million euros ($340.62
million), aimed at strengthening its position in the Spanish
market.. . .
14/12 Slovenia's largest fuel
retailer Petrol sees 2019 group net profit at 96.7
million euros ($109.7 million) versus 86.9 million euros planned
this year, the company said in a statement on Friday.. . .
13/12 Abiove, a
Brazil-based association of oilseeds traders, is proposing the
creation of a fund to reward farmers who can preserve native
vegetation on their soy farms in the Cerrado region, Brazil's
tropical savanna.. . .
13/12 The French economy is set to grow
slightly less than previously expected this and next year, the
central bank said on Thursday, warning the longer protests which
have swept the country drag on the. . .
13/12 Troubled low-cost African carrier Fastjet
Plc said on Thursday it had enough cash to operate
until Dec. 21 and that it had met the conditions for an open
offer and equity refinancing to raise. . .
13/12 The European Commission and
Italy are working to reach a deal quickly on the country's 2019
budget, the two sides said on Thursday, after Rome offered to
cut its deficit target to avoid disciplinary. . .
13/12 A U.N. survey of governments'
investment regulations has found 30 percent of measures adopted
in the first ten months of this year were a tightening of
regulations, the highest figure since 2010.. . .
13/12 Brazil's President Michel Temer
signed a temporary decree on Thursday lifting a 20 percent limit
on foreign investment in Brazilian airlines and allowing total
ownership by external capital.. . .
13/12 Italy's surprise decision to
sharply cut its budget deficit goal does little to address the
problems of its finances or a deeper debate over EU fiscal
rules, but may serve the real purpose of. . .
13/12 Standard Chartered Plc has laid
off over 200 employees in India in its retail banking division,
as more customers move to digital services, a person familiar
with the matter told Reuters on Thursday.. . .
13/12 Britain's Brexit-sensitive
domestic stocks fell on Thursday as investors decided Prime
Minister Theresa May's victory in a leadership challenge
clarified little in the country's protracted divorce from the
European Union.. . .
13/12 Sports Direct owner Mike
Ashley said trading in November was "unbelievably bad", sending
shares in the retailer down nearly 20 percent and adding to a
wider sense of gloom hanging over British high streets. . .
13/12 Britain's Unite union on Thursday
recommended that 2,500 of its members covered by the Offshore
Contractors Association (OCA) accept a new pay offer, averting
the threat of a strike that could have affected 106. . .
13/12 Hungarian savings and loans
group Takarek plans to close up to 300 branches and
launch a large lending drive in a bid to turn its fragmented
business into a competitive universal bank, its chief. . .
13/12 Huawei's relations with British
authorities hit a low last month when a top official walked out
of a meeting with the Chinese company over its perceived failure
to fix security holes in its products,. . .
13/12 Green energy is on track to
overtake coal as Germany's main power source this year, with
renewables set to cover a record 38 percent of the country's
electricity consumption, two percent up from 2017,. . .
13/12 Italy's government will cut "a few
billion" euros from its two main reforms in order to hit the new
deficit target it proposed to the European Commission, Deputy
Industry Minister Dario Galli said on. . .
13/12 The European Central Bank
maintained on Thursday its long-standing assessment that risks
to growth remain "broadly balanced", but acknowledged that
downside elements were becoming more prominent.. . .
13/12 The European Central Bank cut
its growth forecasts and tweaked inflation projections on
Thursday after the euro zone economy dipped more than expected
in the second half of the year, ECB President Mario Draghi. . .
13/12 The head of the European Bank for
Reconstruction and Development has been cleared of wrongdoing by
an external investigation into claims by several member states
that the lender inappropriately gathered information on some of
their. . .
13/12 The European Central Bank
decided on Thursday to formally end its 2.6 trillion euro ($2.95
trillion) bond purchase scheme but said it would keep
reinvesting cash from maturing bonds for a long time after. . .
Petikova first borrowed a few hundred dollars in the 1990s to
furnish her young family's apartment. Later, she turned to
payday loans to make ends meet as her husband struggled to make
his new. . .
13/12 Icelandic low-cost carrier
WOW air, which is in talks with U.S. private equity fund Indigo
Partners about a potential investment, said on Thursday it would
reduce its fleet to 11 aircraft from twenty and. . .
13/12 Ukraine expects to receive a first
loan tranche from the International Monetary Fund worth between
$1.4 billion and $1.9 billion before Christmas, Central Bank
Governor Yakiv Smoliy told a news conference on Thursday.. . .
13/12 Short-dated Italian bond yields
hit their lowest level in six months on Thursday after Rome
confirmed it would cut its deficit goal for 2019, potentially
ending months of wrangling with Brussels.. . .
13/12 Germany's Ifo institute slashed
its growth forecasts for Europe's biggest economy, saying
problems affecting the car industry would last until 2019 and
trade conflicts and Brexit were also hurting business.. . .
13/12 France's expected overshooting
next year of the European Union's 3-percent of GDP deficit
ceiling could be tolerated if it is temporary, the EU's economic
commissioner Pierre Moscovici said on Thursday.. . .
13/12 Foreigners were net sellers of Japanese
stocks in the week ended Dec. 7, as domestic shares tracked
sharp losses in U.S. equities amid lingering trade tensions
after the arrest in Canada of a top. . .
13/12 A European Union court upheld
on Thursday a complaint by the city authorities of Paris,
Brussels and Madrid against an EU rule change on vehicle
emissions they said had increased pollution, and it partly
overturned. . .
13/12 French drinks group Pernod Ricard
, which is being targeted by activist hedge fund
Elliott, said on Thursday it was on track to achieve its
medium-term goal of mid-single digit sales growth in the. . .
13/12 The German economy remains on a
growth track due to strong domestic demand, but the upswing is
being slowed down by a difficult trade environment and temporary
effects in the automobile sector, the Economy. . .
13/12 Bonmarche shares sank 50 percent
on Thursday after the women's fashion chain said it could report
losses this year as it was faring much worse than during the
2008-09 financial crisis after thin shopping. . .
13/12 French energy company Total
said it has agreed to sell a 4 percent stake in its
Australian Ichthys liquefied natural gas (LNG) project to
Japanese partner Inpex for $1.6 billion, following cost
overruns.. . .
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