Europe Business

Nigeria files $1.1 bln London lawsuit against Shell, Eni over oil deal

13/12 Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.  Full story

French PM predicts budget deficit at 3.2 pct of GDP in 2019-Les Echos

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. . .  Full story

France asks Engie to take hedging positions over gas price freeze

20h46 The French government said on Sunday it had asked utility Engie to take hedging positions to ensure gas prices do not rise until June next year.. . .  Full story

Ukraine president hopes anti-corruption court formed by February

17h09 A special Ukrainian court to try corruption cases will hopefully be formed by February, President Petro Poroshenko told a news conference on Sunday.. . .  Full story

Indonesia, EFTA sign long delayed free trade deal

13h46 Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations.. . .  Full story

Nord Stream 2 can be justified if Ukraine's interests safeguarded

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. . .  Full story

Britain's Labour will try to force parliament Brexit vote next week

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. . .  Full story

German railway Deutsche Bahn reaches wage agreement with union

15/12 German railway Deutsche Bahn said on Saturday that it had reached a wage agreement with the EVG union following a walkout earlier this week.. . .  Full story

Vivendi calls for the replacement of five of Telecom Italia's board members

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".. . .  Full story

Europeans sweep record U.S. offshore wind auction

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. . .  Full story

Robusta coffee hits contract low; sugar and cocoa end down

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.. . .  Full story

Watchdog gives Europe's insurers all clear in health check

14/12 Europe's biggest insurers successfully withstood the latest tests of their ability to cope with severe market shocks, the European Union's insurance watchdog said on Friday.. . .  Full story

EU banking watchdog says no-deal Brexit could disrupt payments

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.. . .  Full story

Italy's Conte sees EU budget deal close, no changes to 2019 deficit

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.. . .  Full story

Allied Irish Banks promotes head of wholesale banking to CEO

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.. . .  Full story

Euro zone takes step to deeper integration, key issues unresolved

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.. . .  Full story

Ex-CFO of failed bank BES sues Bank of Portugal, KPMG for $4.9 bln

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.. . .  Full story

Weak Chinese industrial data drives copper prices lower

14/12 Copper clocked a third consecutive weekly fall on Friday after weaker than expected Chinese industrial data dampened expectations of demand from the largest metals consumer.. . .  Full story

Cloud hangs over Italy's Stefanel and OVS after autumn warnings

14/12 Italian clothing groups Stefanel and OVS face an urgent quest to convince investors that they can overhaul their business models after trading disappointments.. . .  Full story

Poor China data caps turbulent week for FTSE 100 as investors rush for exits

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.. . .  Full story

European shares on track for worst quarter since 2011

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.. . .  Full story

Euro zone bond yields fall as weak PMI fans growth fears

14/12 Borrowing costs in the euro area fell on Friday as weak data from the euro zone and China fanned worries about global growth, a day after the ECB trimmed growth forecasts and said downside. . .  Full story

Britain's Cuadrilla pauses gas fracking again following more tremors

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.. . .  Full story

Ireland's Varadkar wants to help May as far as possible

14/12 Irish Prime Minister Leo Varadkar said on Friday he wanted to help Prime Minister Theresa May as much as possible but that EU leaders could not offer her any guarantees that ran counter to. . .  Full story

Germany's Altmaier sees no disorderly Brexit, hopeful on U.S. trade ties

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. . .  Full story

Germany's Scholz says Deutsche Bank not causing "sleepless nights"

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.. . .  Full story

Deutsche Telekom reviews Huawei ties; Orange says no on 5G

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.. . .  Full story

Cuadrilla pauses gas fracking at English site after more tremors

14/12 British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, after tremor of magnitude 0.9 was detected, the company said.. . .  Full story

Scale of theft at Shell's Singapore refinery much greater, court docs show

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. . .  Full story

LSE names Experian's Donald Robert as next chairman

14/12 London Stock Exchange Group Plc said on Friday Chairman Donald Brydon would be replaced by Donald Robert, chairman of the world's biggest credit data firm Experian Plc.. . .  Full story

Canada's Imperial Metals hires BMO to speed up restructuring -sources

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. . .  Full story

Swiss play down impact of 6-month EU reprieve on bourse rules

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. . .  Full story

France plans Renault CEO hunt as board frays over Ghosn -sources

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. . .  Full story

Croatia's INA to stop processing at biggest refinery for Q1 maintenance

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.. . .  Full story

EU drugs agency says Brexit move to eat into 2019 budget

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.. . .  Full story

Norway postpones decision on Arctic oil terminal

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. . .  Full story

Poles' trust in state low after bribe scandal - survey

14/12 A survey taken after a corruption scandal suggests that Poles have little trust in the state - a warning sign for the Law and Justice (PiS) party, which won power in 2015 partly on. . .  Full story

Lufthansa in early talks on possible tie-up for caterer LSG -sources

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.. . .  Full story

Russian oil refinery gets Sberbank credit line, resumes loadings

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.. . .  Full story

Climate ideals clash with coal realities at Polish-led U.N. talks

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. . .  Full story

Renault board did not consider replacing Ghosn - interim chairman

14/12 Renault's board did not consider replacing Chief Executive Carlos Ghosn when it met on Thursday, interim chairman Philippe Lagayette said in a statement issued by the carmaker.. . .  Full story

Italy's Conte seeks EU leaders' backing on revised budget

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.. . .  Full story

Palmali to fight court ruling on bankruptcy of Russian arm

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. . .  Full story

India court rejects challenge to Dassault jet deal; win for Modi

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. . .  Full story

Euro zone banks repay only a fraction of ultra-cheap ECB cash

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. . .  Full story

Euro zone businesses end 2018 on a sour note -PMIs

14/12 Euro zone businesses ended the year in a gloomy mood, expanding their operations at the slowest pace in over four years as new order growth all but dried up, hurt by trade tensions and. . .  Full story

Thyssenkrupp fills key management posts after year of turmoil

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.. . .  Full story

LSE raises stake in clearing house LCH to 82.6 pct

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. . .  Full story

Italy's Di Maio happy with deficit cut but warns on growth

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. . .  Full story

Germany's Helaba to acquire Dexia's German unit for $398 mln

14/12 German public sector bank Helaba is buying the German unit of Franco-Belgian lender Dexia for 352 million euros ($398 million), the lenders said in a joint statement on Friday.. . .  Full story

Australian rail workers postpone coal haulage strikes as cyclone looms

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.. . .  Full story

Shares in troubled Polish bank rise on plan to find investor

14/12 Shares in Poland's troubled Getin Noble Bank (GNB) rose 11 percent on Friday, after it said it would look for a financial investor.. . .  Full story

Austrian economic growth to hold steady this year, then slow -central bank

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.. . .  Full story

German private sector growth hits four-year low in December - PMI

14/12 Germany's private sector expansion slowed to a four-year low in December, a survey showed on Friday, suggesting growth in Europe's largest economy may be weak in the final quarter.. . .  Full story

Jet Airways' survival may rest on founder Goyal leaving the cockpit

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.. . .  Full story

Transneft sees Russian oil output rising 2 mln T in 2019 - RIA

14/12 Russian pipeline monopoly Transneft expects Russia's oil output to rise by about 2 million tonnes next year, RIA news agency cited the company's head, Nikolai Tokarev, as saying on Friday.. . .  Full story

Protests plunge French business activity into contraction - PMI

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.. . .  Full story

Balfour Beatty FY profit gets boost from infrastructure sale

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.. . .  Full story

TP ICAP names ex-JPMorgan executive Berliand chairman

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. . .  Full story

Slovenia's Petrol expects 11 pct rise in 2019 group net profit

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. . .  Full story

Asian prices snap three-week losing streak as winter kicks in

14/12 Asian spot prices for liquefied natural gas (LNG) snapped a three-week losing streak to end higher this week, with the onset of winter expected to boost demand for natural gas for heating.. . .  Full story

Germany's central bank slashes growth forecasts

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.. . .  Full story

Intrum buys Sabadell's real estate servicer to boost Spain presence

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.. . .  Full story

Slovenia's Petrol sees 2019 group net profit up by 11.3 pct

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.. . .  Full story

Brazil soy farmers should be paid to preserve forest -industry group

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.. . .  Full story

French central bank trims 2018, 2019 growth outlook to 1.5 pct

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. . .  Full story

Struggling Fastjet meets conditions to raise cash

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. . .  Full story

Italy, EU closer to budget deal to avoid disciplinary move

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. . .  Full story

Global investment rules tighten in national security era - UN

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.. . .  Full story

Brazil allows 100 pct foreign investment in domestic airlines - decree

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.. . .  Full story

Italy's lower deficit goal: a politically useful fudge

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. . .  Full story

Standard Chartered axes over 200 jobs in India - source

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.. . .  Full story

Copper touches 1-week peak on easing U.S.-China tension

13/12 Copper hit its highest in more than a week on Thursday after U.S.-China trade tensions eased, but gains were capped due to persistent worries about Chinese demand and global growth.. . .  Full story

Shareholders sceptical of Deutsche Bank/Commerzbank tie-up

13/12 Shareholders and a major union expressed scepticism on Thursday about speculation of a merger between Deutsche Bank and Commerzbank.. . .  Full story

Brexit-sensitive British stocks wilt as worries return after PM vote

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.. . .  Full story

Renault finds no irregularities in Ghosn pay audit

13/12 Renault said on Thursday an audit launched in the wake of Chairman and CEO Carlos Ghosn's arrest in Japan had so far found no irregularities with his pay at the French carmaker.. . .  Full story

Sports Direct's Ashley sends shivers along UK high street

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. . .  Full story

Unite union recommends 2,500 UK offshore oil workers accept new pay offer

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. . .  Full story

Hungary bank group Takarek eyes leaner structure, lending drive

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. . .  Full story

Huawei $2 bln security pledge followed walkout by British official - sources

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,. . .  Full story

Chrysaor sets sights on Chevron's North Sea assets - sources

13/12 Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.. . .  Full story

Green power on track to overtake coal in Germany by year end

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,. . .  Full story

Georgia passes 2019 budget, expects economic growth of 4.5 pct

13/12 Georgia will increase spending next year when it expects the economy to grow by 4.5 percent, according to the 2019 budget passed by parliament on Thursday.. . .  Full story

Welfare, pensions to be revised to meet Italian deficit target

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. . .  Full story

Security giant G4S to separate cash business, shares jump

13/12 G4S plans to separate its 1.2 billion pound ($1.5 billion) a year cash business, it said on Thursday, sending shares in the world's biggest security company 8 percent higher.. . .  Full story

ECB still sees balanced economic outlook, but downside risk more prominent

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.. . .  Full story

ECB trims growth projections, tweaks inflation forecasts

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. . .  Full story

EBRD says president cleared in information gathering investigation

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. . .  Full story

ECB formally ends QE, keeps reinvestments open-ended

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. . .  Full story

Debt-trapped Czechs excluded as economy grows

13/12 Olga 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. . .  Full story

Iceland's WOW Air to reduce fleet, cut 111 jobs

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. . .  Full story

Ukraine central bank chief expects first IMF tranche at $1.4-1.9 bln

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.. . .  Full story

Fiat Chrysler may review $5.7 bln plan if Italy taxes diesel, petrol cars

13/12 Fiat Chrysler (FCA) could review its 5 billion euro ($5.7 billion) Italian investment plan, which includes a shift to cleaner engines, if Rome raises taxes on petrol and diesel cars.. . .  Full story

Zimbabwe mining minister invites De Beers, Vast Resources to return

13/12 De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years,. . .  Full story

Embattled asset manager GAM warns on profit, cuts staff, dividend

13/12 GAM Holding AG said it would cut 10 percent of its staff and ditch its dividend as it warned it would slide to a net loss this year, sending shares in the Swiss asset. . .  Full story

Italian two-year yield hits six-month low as Rome cuts deficit goal

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.. . .  Full story

Ifo cuts German growth forecasts for this year and next

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.. . .  Full story

Italy's Salini and Japan's IHI have bid for Astaldi - source

13/12 Italian construction group Salini Impregilo and Japan's IHI Corporation have made non-binding bids for troubled Italian builder Astaldi, a source said on Thursday citing a document.. . .  Full story

Temporary French deficit overshoot tolerable - EU's Moscovici

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.. . .  Full story

Brighter Serco prospects boost shares as plans bear fruit

13/12 Serco expects revenue to start to grow for the first time in six years in 2019 as it finally starts to reap the rewards of an overhaul but the British outsourcer asked investors to. . .  Full story

Foreigners turned net sellers of Japanese stocks in week ended Dec 7

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. . .  Full story

EU court backs cities' complaint on emissions, scraps higher NOx limits

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. . .  Full story

Pernod Ricard confident on sales growth outlook in U.S

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. . .  Full story

German upswing continues despite trade conflicts

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. . .  Full story

Bonmarche shares plunge after dire warning on profit, dividend

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. . .  Full story

Energy group Total sells 4 pct of Ichthys to Inpex for $1.6 bln

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.. . .  Full story