News Wire

Suspended Steinhoff CFO helps authorities with fraud investigation

20/03 The suspended former chief financial officer of Steinhoff is helping authorities with investigations into $7 billion-plus accounting fraud at the South African retailer, he said on Thursday.  Full story

BOK chief says Fed's shift eased uncertainties; sees no rate cut for Korea yet

02h55 South Korea's central bank chief said on Thursday the U.S. Federal Reserve's decision to abandon projections for any interest rate hikes this year eased uncertainties for Korean policymakers.. . .  Full story

Dovish Fed shift lifts Asian shares, dollar nurses losses

02h45 Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over slowing global growth and U.S.-China trade talks are expected to limit gains.. . .  Full story

U.S. fund Elliott battles the odds in latest showdown with Hyundai

02h12 The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund's demands for a hefty. . .  Full story

EU leaders to discuss ways to limit Chinese influence at summit dinner

02h01 The European Union will discuss a more defensive strategy on China on Thursday, potentially signalling an end to the unfettered access that Chinese business has enjoyed in Europe but which Beijing has failed to reciprocate.. . .  Full story

Amnesty faults electric vehicle batteries as carbon intensive

02h01 Amnesty International attacked the electric vehicle (EV) industry on Thursday for selling itself as environmentally friendly while producing many of its batteries using polluting fossil fuels and unethically sourced minerals.. . .  Full story

Micron sees memory chip recovery coming later in year, shares rise

01h59 U.S. chipmaker Micron Technology Inc on Wednesday said it sees a recovery in the memory chip market coming and reported a quarterly profit that beat estimates as cost controls helped offset falling demand and prices,. . .  Full story

Inside the Fed's balance sheet in four charts

01h57 The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion balance sheet by the end of September.. . .  Full story

NZ GDP picks up but soft prices keep rates outlook benign

01h51 New Zealand's economy rebounded last quarter as households splurged on everything from eating out to vacations, but there were few signs of inflation, suggesting policy will remain accommodative for some while yet.. . .  Full story

Dollar flattened in rush to wager on Fed rate reversal

01h26 The dollar nursed heavy losses in Asia on Thursday after the Federal Reserve stunned markets by abandoning all plans to raise rates this year, a signal its three-year campaign to normalise policy might be. . .  Full story

Closing time? Japan convenience stores pressed to end 24-7 model amid labour crunch

01h00 Japan's 24-hour convenience stores are struggling to stay open around the clock as an industry that has continually expanded now finds itself at the sharp end of a labour shortage.. . .  Full story

EU readies short Brexit delay - if May wins parliament over

01h00 European Union leaders meet in Brussels on Thursday to give Prime Minister Theresa May an offer to delay Brexit beyond March 29, on condition that she can finally win over her many opponents in. . .  Full story

Levi Strauss valued at $6.6 bln as IPO prices above target

00h47 Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock. . .  Full story

Brazil aims at trade reaching 30 pct of GDP by 2022 -secretary

00h38 The Brazilian government wants trade to represent 30 percent of the country's gross domestic product by the end of 2022, with one official saying on Wednesday it will get there on the back of. . .  Full story

Ophir agrees to be bought by Indonesia's Medco in a sweetened bid

00h35 London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to. . .  Full story

Trump says tariffs on Chinese goods may stay for 'substantial period'

00h31 U.S. President Donald Trump warned on Wednesday that the United States may leave tariffs on Chinese goods for a "substantial period" to ensure that Beijing complies with any trade agreement.. . .  Full story

Dutch government loses Senate majority amid populist surge

00h04 The Dutch government will lose its majority in the Senate after provincial elections on Wednesday, according to exit polls, as voters flocked to a new populist party two days after a possible terrorist attack. . .  Full story

Solomon Islands look beyond Taiwan alliance as election looms

00h00 As politicians hit the hustings across the Solomon Islands two weeks out from a general election in the South Pacific archipelago, the loyalty of one of Taiwan's few remaining allies is in the balance.. . .  Full story

Boeing, FAA officials called to testify in U.S. Senate on 737 MAX plane crashes

20/03 Boeing Co faced growing pressure in Washington on Wednesday with U.S. lawmakers calling for executives to testify about two crashed 737 MAX jets even as the world's biggest planemaker works to overcome obstacles to returning. . .  Full story

Micron tightens chip supplies on lower sales forecast

20/03 U.S. chipmaker Micron Technology Inc gave a revenue forecast for its current quarter below analysts' expectations, and trimmed its capital expenditure plans and said it was idling some factory lines and tightening supplies to cope. . .  Full story

May urges parliament to back her on Brexit, tells Britons "I'm on your side"

20/03 Prime Minister Theresa May made an impassioned appeal to British lawmakers to support her on Wednesday after the European Union said it could only grant her request to delay Brexit for three months if. . .  Full story

-Lyft's IPO oversubscribed on road show's second day -sources

20/03 Lyft Inc's initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is. . .  Full story

Jury finding upends Bayer's Roundup defense strategy -experts

20/03 Bayer AG had hoped a new trial strategy focusing jurors on scientific evidence could stem a burgeoning tide of U.S. lawsuits over its glyphosate-based weed killer Roundup, but a second jury finding on Tuesday. . .  Full story

EssilorLuxottica infighting flares with new accusations

20/03 Infighting at the top of EssilorLuxottica turned personal on Wednesday with the top shareholder and executive chairman accusing the Franco-Italian group's executive vice chairman of a power grab in a newspaper interview.. . .  Full story

World shares dip in wobbly session; pound slides, oil jumps

20/03 A gauge of stocks across the world fell on Wednesday as a boost from a dovish Federal Reserve was not enough to offset concerns over economic growth and U.S.-China trade talks.. . .  Full story

Fed announces plan to end balance sheet runoff in September

20/03 The Federal Reserve on Wednesday unveiled a long-awaited plan to stop scaling back the vast portfolio of bonds it built up to spur an economic recovery from the 2007-2009 financial crisis and recession.. . .  Full story

Dutch government stands to lose Senate majority -exit poll

20/03 The Dutch governing coalition will lose its majority in the senate as a result of provincial elections in which a far right populist party booked major gains, according to an exit poll commissioned by. . .  Full story

Australia shares set to inch lower, hurt by miners; New Zealand up

20/03 Australian shares are poised to open lower on Thursday, as a sharp drop in iron ore prices is likely to weigh mining stocks, with heavyweights Rio Tinto Ltd. . .  Full story

Fed sees no rate hikes in 2019, sets end to asset runoff

20/03 The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying. . .  Full story

Brazil's new status would not affect prior ag commitments -WTO chief

20/03 Brazil's agreement with the United States to forgo special treatment by the World Trade Organization (WTO) would apply only to future negotiations within the multilateral trade body, Director General Roberto Azevedo said on Wednesday.. . .  Full story

Banks stifle Wall Street rally following dovish Fed statement

20/03 The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance.. . .  Full story

Trump says trade deal 'coming along nicely' with China

20/03 U.S. President Donald Trump said on Wednesday a deal with Beijing to end a trade dispute between the two countries was coming along nicely, with U.S. negotiators poised to be in China next week. . .  Full story

At IPO road show, Lyft executives look to lower insurance costs

20/03 Lyft Inc executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company's initial public offering. . .  Full story

As bumper harvest nears, Argentina's soy farmers stall deals waiting for trade war's end

20/03 Francisco Santillan, 55, a grains farmer from the heart of Argentina's soybean country, has two things on his mind: the rains and twists and turns in a bitter trade war between the United States and. . .  Full story

Mitsui petrochemical unit probed after Texas fire rages for days

20/03 State and local investigators have begun probing a petrochemical storage company outside Houston where a massive fire fed by giant tanks of fuel burned for days, darkening the skies with soot for dozens of. . .  Full story

Oil major Total CEO's compensation drops 17 percent in 2018 -company document

20/03 The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company documents showed on. . .  Full story

Trump says U.S. 'will never catch up' without 'great' trade deal with China

20/03 U.S. President Donald Trump said on Wednesday the United States would "never catch up" if a "great" trade deal with China is not reached, as trade negotiators between the two countries prepare for the. . .  Full story

Ten-year yield hits 14-month low after Fed signals no hikes in 2019

20/03 U.S. Treasuries rallied on Wednesday, taking the benchmark 10-year yield to a 14-month low, after the Federal Reserve said it would hold interest rates steady and its policymakers abandoned projections for further rate hikes this. . .  Full story

Dollar slammed by dovish Fed; pound remains weak

20/03 The U.S. dollar fell sharply against a basket of major currencies on Wednesday, after the Federal Reserve held U.S. interest rates steady and its policymakers abandoned projections for further rate hikes this year as the. . .  Full story

U.S. farmers face devastation following Midwest floods

20/03 Midwestern farmers have been gambling they could ride out the U.S.-China trade war by storing their corn and soybeans anywhere they could - in bins, plastic tubes, in barns or even outside.. . .  Full story

Wheat ends higher on U.S. weather worries; soy, corn subdued

20/03 U.S. wheat futures rose nearly 2 percent on Wednesday on poor weather in the Midwest soft winter wheat belt and the northern Plains spring wheat region, traders said. Soybean and corn. . .  Full story

U.S. oil prices rise above $60/bbl on tightening supply

20/03 U.S. crude prices rose on Wednesday to a 4-month high above $60 a barrel after U.S. government data showed tightening domestic oil supplies, but gains were capped by concerns over global economic growth due. . .  Full story

Bolsonaro gets Trump's praise but few concessions, riling Brazilians

20/03 Brazil's right-wing President Jair Bolsonaro won glowing praise and conditional promises from U.S. President Donald Trump on his visit to the White House this week, yet Brazilian negotiators came away grumbling about their hosts driving. . .  Full story

-Inmarsat in $3.3 bln go-private transatlantic deal talks (March 19)

20/03 Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about $3.3 billion and take it private.. . .  Full story

Coffee falls to new lows, New York cocoa hits 2019 low

20/03 Arabica coffee futures on ICE fell to new lows on Wednesday, as a global surplus weighed, while New York cocoa fell to three-month lows. While coffee prices have. . .  Full story

Palladium scales new peak; gold up as Fed leaves rates steady

20/03 Palladium hit an all-time high on Wednesday on concerns over tight supplies of the autocatalyst metal, while gold reversed course to rise after the U.S. Federal Reserve kept interest rates unchanged.. . .  Full story

Qatar asks IAEA to intervene over 'threat' posed by UAE nuclear plant

20/03 Qatar has called on the International Atomic Energy Agency (IAEA) to intervene in a dispute over a $24 billion nuclear power plant which the United Arab Emirates (UAE) is building.. . .  Full story

Low prices spark interest in latest U.S. Gulf oil, gas lease sale

20/03 The Trump administration's fourth major auction for oil and gas leases in the U.S. Gulf of Mexico received $244 million in high bids on Wednesday, reflecting an uptick in interest from drillers attracted to. . .  Full story

Croatia weighs budgetary costs for saving troubled dock

20/03 Croatia will decide in coming days whether to place troubled shipbuilder Uljanik into bankruptcy or try to restructure the business at a cost to the state of around one billion euros, a top official. . .  Full story

Deutsche Bank merger talks heighten uncertainty for U.S. staff

20/03 Deutsche Bank AG's merger talks with Commerzbank AG have put its 10,000 U.S. workers on edge, three employees told Reuters, with some concerned a deal could pressure Deutsche to further shrink or even dispose of. . .  Full story

U.S. jury hears more evidence as second phase of Roundup cancer trial begins

20/03 A lawyer for a man who sued Bayer AG unit Monsanto after developing cancer on Wednesday told a jury about the company's alleged efforts to influence scientists and regulators, a day after the jury. . .  Full story

Deadly Midwestern U.S. floods threaten to spill south as Nebraska cleans up

20/03 Nebraskans struggled on Wednesday to clear the wreckage left by deadly floods that caused an estimated $1 billion in damage, while emergency officials farther south kept a wary eye on the Missouri and Mississippi rivers. . .  Full story

Pound weakens as May's faces resistance for three-month Brexit extension

20/03 Sterling fell on Wednesday after British Prime Minister Theresa May's request to delay Brexit until June 30 faced resistance from parts of the European Union.. . .  Full story

European stocks break 5-day rally; Bayer, BMW weigh on DAX

20/03 European shares retreated from near six-month highs on Wednesday, with German stocks leading losses as chemicals producer Bayer and carmaker BMW tumbled, and as the European Union resisted British Prime Minister Theresa May's plea to. . .  Full story

Vodafone to receive EU warning over $22 bln Liberty deal -sources

20/03 Vodafone will receive a warning from EU regulators about possible anti-competitive effects from its $22 billion deal to buy Liberty Global's German and eastern European assets, two people familiar with the matter said on Wednesday.. . .  Full story

Fund managers turn up heat on UK companies over diversity, pensions, audit

20/03 Britain's big public companies will face a grilling by asset managers over their track record on diversity, excessive pension payouts to bosses and poor quality audits when they hold annual shareholder meetings over the coming. . .  Full story

Zinc climbs as stocks diminish

20/03 Zinc prices rose on Wednesday as inventories in London Metal Exchange warehouses hit fresh lows, but other industrial metals dipped on uncertainty over global demand.. . .  Full story

Fashion company Nine West emerges from bankruptcy as 'Premier Brands'

20/03 Footwear and apparel company Nine West Holdings Inc said on Wednesday it had emerged from bankruptcy, days short of a year since it filed for Chapter 11 protection. Anne Klein and Gloria Vanderbilt brands'. . .  Full story

FTSE 100's winning streak broken as Brexit delay plea hits financials

20/03 Financial stocks and housebuilders slipped after British Prime Minister Theresa May asked the European Union to delay Brexit and caused the FTSE 100 to snap a seven-day winning streak, while a slide in sterling. . .  Full story

VW management and works council divided over restructuring plans

20/03 Volkswagen's supervisory board is set to meet on Friday to discuss the company's ambitious cost-reduction plans, Der Spiegel reported on Wednesday, citing company sources.. . .  Full story

Euro zone bond markets wait patiently for Powell

20/03 Core euro zone bond yields fell on Wednesday from 1-1/2 week highs hit earlier this week as the market waited for further clarity on the direction of U.S. interest rates and analysts struggled to. . .  Full story

Britain's Peel Ports expands amid Brexit trade uncertainty

20/03 Privately owned Peel Ports is expanding its workforce mostly in Liverpool and plans acquisitions this year, its chief executive said, as Britain prepares its ports to ease any trade disruption caused by Brexit.. . .  Full story

France's EDF says earthquake had no impact on Blayais nuclear plant

20/03 French state-controlled utility EDF and nuclear regulator ASN said on Wednesday that an earthquake registering 4.9 on the Richter scale in southwestern France had no impact on the Blayais nuclear power plant in the region.. . .  Full story

Oman denies it has agreed to invest in Sri Lanka oil refinery project

20/03 Oman's oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country's participation.. . .  Full story

Billionaire Indian remanded in custody after London court appearance

20/03 Fugitive billionaire jeweller Nirav Modi, wanted by Indian authorities over a $2 billion loan fraud at state-run Punjab National Bank (PNB) was remanded in custody after appearing before a British court on Wednesday.. . .  Full story

Head down, eyes on the prize: Deutsche's realist CEO

20/03 Christian Sewing, the chief executive of Deutsche Bank, doesn’t do grand visions.. . .  Full story

Trade panel says U.S. producers harmed by structural steel imports

20/03 The U.S. International Trade Commission said on Wednesday that domestic producers were being harmed by imports of fabricated structural steel from Canada, China and Mexico, keeping alive an investigation that could lead to duties on. . .  Full story

EXCLUSIVE-How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

20/03 At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews. . .  Full story

'Golden cross' for stocks doesn't always glitter

20/03 The Dow Jones Industrial Average triggered a technical signal on Tuesday that many investors believe could portend more gains for stocks in the short term, known as the golden cross.. . .  Full story

Latam stocks fall ahead of Fed meeting, forex mixed

20/03 Latin American stocks fell in broad-based declines on Wednesday as investors avoided riskier assets ahead of a U.S. Federal Reserve rate decision and outlook later in the day. Currencies in. . .  Full story

-Uniper talks to sell Italy LNG plant stake raise eyebrows in Rome

20/03 Germany's Uniper is in advanced talks with Australian fund First State Investments to sell its stake in a liquefied natural gas terminal in Italy, three sources said on Wednesday, raising concerns in Rome over the. . .  Full story

Borrowers cash in as UK banks seek triple-A bonds as Brexit insurance

20/03 As Britain inches towards Brexit, the market for top-rated sterling bonds has had its busiest start to the year on record, driven by UK banks' clamour for super-safe triple-A rated debt in order to. . .  Full story

BMW plans to cut costs after warning on profits

20/03 BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency. . .  Full story

EU's top regulator under fire over Italy bank rescue decision

20/03 The European Union's top antitrust regulator is facing calls to resign after a "historic" court ruling involving a small Italian lender upended Brussels' approach to bank rescues and prompted calls for compensation.. . .  Full story

German cabinet approves spending increase without new debt

20/03 The German cabinet on Wednesday passed a draft budget for 2020 that calls for a 1.7 percent spending increase and relies on ministries to cut costs to avoid incurring new debt in light of. . .  Full story

U.S. crude stockpiles slump unexpectedly on strong export, refining demand - EIA

20/03 U.S. crude oil stockpiles last week fell by nearly 10 million barrels, the most since July, boosted by strong export and refining demand, the Energy Information Administration said on Wednesday.. . .  Full story

Price hikes drive General Mills profit beat, forecast raise

20/03 Cheerios cereal maker General Mills Inc beat Wall Street estimates for quarterly profit and raised its full-year forecast on Wednesday, aided by price increases across a wide range of products, sending its shares to their. . .  Full story

Forint retreats from 11-month high on Brexit, Fidesz worries

20/03 The forint sharply reversed a rise to 11-month highs against the euro on Wednesday, reflecting concerns of Britain quitting the European Union without a deal and of Hungary's ruling party Fidesz leaving the bloc's centre-right. . .  Full story

"No-one is breaking out the champagne": EM investors treading carefully

20/03 After ploughing billions into emerging market equities since October, investors have started to show signs of hesitation, but an uptick in earnings expectations should reassure those hoping to capitalise on stronger economic growth in the. . .  Full story

S.African court rules extension of wage agreement to AMCU valid and lawful

20/03 South Africa's labour court ruled on Wednesday that the extension of a wage agreement to cover all gold unions and non-unionised employees of mining group Sibanye-Stillwater is valid and lawful, the. . .  Full story

Munich Re aims to boost Ergo insurance business via acquisitions

20/03 Munich Re has no plans to sell Ergo, its primary insurance arm, and aims to strengthen this business through acquisitions once its turnaround has been completed in two years, Chief Executive Joachim Wenning said on. . .  Full story

TSX falls as investors await U.S. Fed decision

20/03 Canada's main stock index broadly fell on Wednesday, taking cue from stocks worldwide, as investors awaited the U.S. Federal Reserve's policy statement that could show how comfrotable the central bank would be in holding interest. . .  Full story

U.S. vaping products supplier Greenlane files for IPO

20/03 Vaping products supplier Greenlane Holdings Inc filed for an initial public offering with U.S. regulators on Wednesday, in the backdrop of both growing investor interest and rising regulatory scrutiny into the e-cigarette industry.. . .  Full story

Shareholder vote clears way for Fridman bid for Spain's DIA

20/03 Shareholders in Spain's DIA backed a rescue plan for the faltering supermarket chain on Wednesday in a vote which clears the way for Russian tycoon Mikhail Fridman's investment fund to proceed with a takeover bid.. . .  Full story

What we know about Boeing 737 MAX crash and what comes next

20/03 More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets have been grounded worldwide after two fatal crashes in the past five months in. . .  Full story

Exxon's talks to tap Algeria shale gas falter due to unrest -sources

20/03 Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of unrest, industry sources said, the first economic fallout from the almost month-long anti-government protests.. . .  Full story

Brussels pushes EU leaders to play public tender card against China

20/03 The European Union executive is urging EU leaders this week to get tough on trade with Beijing and use their 2.4 trillion euro ($2.7 trillion) market in public tenders as leverage to pressure countries. . .  Full story

C$ near flat after budget provides subdued fiscal lift

20/03 The Canadian dollar was little changed against the greenback on Wednesday ahead of an interest rate decision from the Federal Reserve and after Canada's federal budget fell short of the amount of stimulus that. . .  Full story

Nigeria to sell stakes in joint oil assets to boost coffers

20/03 Nigeria plans to cut its stake in joint oil ventures with multinational oil companies to 40 percent this year, its budget minister said, as the country seeks to boost revenue to. . .  Full story

Key Jet Airways lender SBI says bankruptcy 'last option', rescue almost ready

20/03 Bankruptcy is the "last option" for Jet Airways, State Bank of India's (SBI) chairman said on Wednesday, adding that it might still be possible to draft in a new investor to keep the airline flying.. . .  Full story

Russia's agmin ready to work with grain export union

20/03 Russia's Agriculture Ministry is ready to work with the existing union of grain exporters, but it would still like to change how exporters work and for there to be tougher quality controls on grain. . .  Full story

Romanian government plans to lower bank tax after criticism

20/03 Romania's government could lower a bank tax to a range of 0.2-0.4 percent from 0.1-0.5 percent of banks' financial assets based on their market share and may exempt some assets from the levy, Finance. . .  Full story

UBS sounds pessimistic note on 2019 as Q1 revenues fall

20/03 UBS is to cut an extra $300 million in costs in 2019 after investment banking revenues plunged in the first quarter, Switzerland's biggest bank said, sounding a pessimistic note about full-year prospects.. . .  Full story

Norsk Hydro has paid no ransom to cyber hackers -CFO

20/03 Norsk Hydro has not paid any ransom to help unlock computers that were blocked by a cyber attack, Chief Financial officer Eivind Kallevik told a news conference on Wednesday.. . .  Full story

India's state-run MSTC $33 mln IPO subscribed 1.5 times after sale extension

20/03 Indian e-commerce firm MSTC Ltd's initial public offering to raise as much as 2.26 billon rupees ($32.86 million) was subscribed 1.5 times, after the company extended the share sale until Wednesday and cut the lower. . .  Full story

-Genel posts 2018 loss after $424 mln writedown of Miran field

20/03 Iraqi Kurdistan-focused oil producer Genel Energy Plc posted a $424 million writedown on its Miran oil and gas field on Wednesday, pushing it into a full-year loss, and said it was now focusing on. . .  Full story

Starbucks sets up $100 mln fund to invest in food and retail startups

20/03 Starbucks Corp is investing $100 million in a newly created fund that will be managed by Tesla Inc investor Valor Equity Partners to promote companies developing new technologies and products for the food and retail. . .  Full story

Swiss banks may tighten mortgage lending guidelines

20/03 The Swiss Banking Association may tighten self-regulation rules on lending for investment in residential properties amid officials' concerns about overheating in the market, the bank lobby said on Wednesday.. . .  Full story

EBRD says will invest at least $1.25 bln in Western Balkans in 2019

20/03 The European Bank for Reconstruction and Development plans to invest at least 1.1 billion euros ($1.25 billion) in infrastructure, energy and the private sector in the Western Balkans this year, a top EBRD official said. . .  Full story

Foreigners sell Danish shares after Danske Bank scandal -

20/03 Foreign investors sold Danish shares worth almost $14 billion in 2018 following a money laundering scandal at the country's largest lender Danske Bank , Denmark's central bank governor said on Wednesday.. . .  Full story

Portugal's loss of working-age population seen among worst in OECD

20/03 Portugal's working-age population will fall by nearly a third by 2050, the second largest drop among the 36 member states of the Organisation for Economic Cooperation and Development, putting pressure on its pension system and. . .  Full story

Shareholders in Spain's DIA approve LetterOne's capital hike plan

20/03 Shareholders in Spanish supermarket chain DIA approved a plan put forward by Russian tycoon Mikhail Fridman's LetterOne (L1) fund to raise capital worth 500 million euros ($567 million) on Wednesday.. . .  Full story

Investor flows suggest platinum on cusp of recovery

20/03 Rapid flows of investor money into physically backed platinum exchange-traded funds (ETFs) and a sharp drop in speculative bets on lower prices suggest the autocatalyst metal is on the verge of a recovery.. . .  Full story

German finmin: No plans for Deutsche Bank/Commerzbank merger in my budget

20/03 German Finance Minister Olaf Scholz said on Wednesday that he had not made any provisions for costs related to a possible merger of Deutsche Bank and Commerzbank in his budget plans.. . .  Full story