News Wire

Angola's Sonangol, Exxon Mobil sign oil exploration agreement

14/12 Angola's state oil company Sonangol and Exxon Mobil on Friday signed a memorandum of understanding for oil exploration in the country's Namibe basin, the two firms said.  Full story

'No crazy stuff in it': Mexico budget keeps expectations in check

08h01 Mexico's new leftist government presented a first budget aimed at calming nervous markets while honoring pledges to increase welfare spending, saying it would run a bigger surplus next year once interest payments on debt were. . .  Full story

China's Xi to address key reform anniversary on Tuesday - Xinhua

04h16 President Xi Jinping will make a major speech on Tuesday to mark the 40th anniversary of China's reform and opening up, state news agency Xinhua reported.. . .  Full story

Mexico targets 50 pct jump in oil output under 'Pemex rescue'

03h43 Mexico aims to lift oil and gas production by almost 50 percent in the next six years and in January will award infrastructure and drilling contracts to develop 20 fields, state oil firm Petroleos. . .  Full story

Deep in the red: Chinese county pays price for vanity-project binge

01h00 In the heart of an impoverished village in southern China, a life-sized statue of Mao Zedong sits on a platform adorned with intricate stonework, flanked by a diorama of Red Army soldiers and traditional brick-and-tile. . .  Full story

British minister warns Brexit is stuck as no-deal or referendum loom

00h28 Britain's exit from the European Union was heading for an impasse, one senior minister said on Saturday, after a week in which Prime Minister Theresa May failed to win EU assurances on her deal. . .  Full story

Mexico targets 50 pct jump in oil output, Pemex revival

15/12 Mexico aims to lift oil and gas production by almost 50 percent in the next six years, and in January will agree on infrastructure and drilling contracts to develop 20 fields, the head of. . .  Full story

OPEC has shown it can reach deal despite splits -Iran oil minister

15/12 Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group's ability to reach agreement despite intense internal political differences.. . .  Full story

EXCLUSIVE-T-Mobile, Sprint see Huawei shun clinching U.S. deal -sources

15/12 T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to. . .  Full story

As Zinke departs, Trump says he will name new interior secretary next week

15/12 U.S. Interior Secretary Ryan Zinke, who has aggressively sought to roll back Obama-era environmental protections, will be leaving his post at the end of the year, President Donald Trump tweeted on Saturday, the latest high-profile. . .  Full story

First Quantum Minerals to cut over 1,000 jobs at Zambia mine

15/12 Canada's First Quantum Minerals plans to lay off more than 1,000 workers at Zambia's Kalumbila copper-nickel mine when the government hikes taxes in January, the minister of labour said on Saturday.. . .  Full story

Colombia tribunal suspends awarding of mining licenses, gov't to appeal

15/12 A Colombian tribunal ordered the government on Friday to suspend the awarding of mining licenses until it establishes protected areas, while the mines and energy ministry said it would appeal against the decision.. . .  Full story

Europe must fight illiberal forces, Draghi warns

15/12 The spread of illiberal ideology is threatening the euro but it is an illusion that leaving it would offer an easier path, European Central Bank President Mario Draghi said on Saturday.. . .  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

Climate Conference Notebook: Climate talks go into overtime

15/12 Climate change talks billed as the most important U.N. conference since the 2015 Paris global warming deal are in their last week in Katowice, capital of Poland's coal mining district.. . .  Full story

China adviser says China should defend yuan at 7 yuan per dollar

15/12 China should not allow the yuan to fall below 7 per dollar or attempts to stabilise the currency will become more costly on the country's foreign exchange reserves, Sheng Songcheng, an adviser to the. . .  Full story

Malaysia's Dec 1 - 15 palm oil exports fall 4.6 pct -AmSpec Agri

15/12 Exports of Malaysian palm oil products for December 1 - 15 fell 4.6 percent to 524,083 tonnes from 549,488 tonnes shipped during November 1 - 15, according to independent inspection company AmSpec. . .  Full story

China's Nov home price growth slows as smaller cities cool

15/12 Growth in China's new home prices slowed in November as markets in smaller cities lost some of their heat, though the sector remained relatively resilient amid a broader slowdown in economic activity.. . .  Full story

Robinhood's checking plan could face regulatory scrutiny

15/12 Financial technology startup Robinhood could face scrutiny by U.S. regulators over statements that its new checking and savings accounts are insured by an industry-backed protection fund.. . .  Full story

Malaysia's Dec 1 - 15 palm oil exports fall 4.7 pct -ITS

15/12 Exports of Malaysian palm oil products for December 1 - 15 fell 4.7 percent to 525,939 tonnes from 551,857 tonnes shipped during November 1 - 15, cargo surveyor Intertek Testing Services said. . .  Full story

China to halt added tariffs on U.S.-made cars in easing of trade tensions

15/12 China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's. . .  Full story

China property price changes in November

15/12 Following is a breakdown of average new home price changes in major Chinese cities in November, announced by the National Bureau of Statistics on Saturday. Home price figures. . .  Full story

S.Korea imports no Iran oil in November despite sanctions waiver

15/12 South Korea did not import any Iranian oil for the third straight month in November, customs data showed on Saturday, even though it has a waiver from sanctions targeting crude supplies from the Middle. . .  Full story

UK ministers think May's Brexit plan is dead, seek alternatives -The Times

15/12 Most of British Prime Minister Theresa May's senior ministers think her Brexit plan is dead and are discussing different options including a second referendum, The Times newspaper reported.. . .  Full story

Intel, TPG in early talks to sell McAfee to Thoma Bravo -source

15/12 Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on Friday.. . .  Full story

Soybeans fall as China purchases underwhelm; corn ends higher

15/12 U.S. soybean futures fell on Friday for a second session as traders reacted to smaller-than-expected purchases this week by China coupled with ballooning global supplies, traders said. Corn futures firmed on. . .  Full story

Farm, automaker groups press U.S. officials to push for more EU access

15/12 U.S. farm, automaker and food and beverage groups pressed the Trump administration on Friday to ensure that any new trade talks with the European Union lead to an increase in their access to EU. . .  Full story

Latam stocks drop as fears of global growth weigh, FX weakens

15/12 Latin American stocks were swept up in a global sell-off on Friday on worries about slowing global growth triggered by weak Chinese economic data, and a strong dollar pressured Latin American currencies.. . .  Full story

C$ weakens as markets fret about global growth outlook

15/12 The Canadian dollar lost ground against its broadly stronger U.S. counterpart on Friday as investors worried about signs of slower global growth and braced for a potential interest rate hike next week from the. . .  Full story

Wall St tumbles on global growth worries, J&J decline

14/12 Wall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were. . .  Full story

Global growth worry hits stocks, but U.S. data lifts dollar

14/12 A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and. . .  Full story

FOREX-Dollar scales to 19-month peak as gloom grows outside U.S.

14/12 The dollar rose to a 19-month high against a basket of currencies on Friday, as worrisome political and economic news outside the United States drove a strong bid for the safety of the greenback.. . .  Full story

Intel, TPG in talks to sell McAfee to Thoma Bravo for over $4.2 bln -CNBC

14/12 Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion, CNBC reported on Friday, citing people familiar. . .  Full story

Oil drops 2 pct on Wall St losses, weak China data

14/12 Oil prices dropped about 2 percent on Friday, weighed down by falling U.S. stock markets, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.. . .  Full story

T-Mobile, Sprint see US security approval for deal after Huawei concessions-sources

14/12 T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use. . .  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

Yields drop, in tandem with stocks, on global growth woes

14/12 U.S. Treasury yields slid on Friday, in line with declines in U.S. equities, weighed down by worries about global growth after poor economic numbers out of Europe and China. U.S. long-dated. . .  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

J&J shares nosedive on report it knew of asbestos in Baby Powder

14/12 Shares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for. . .  Full story

Gold dips to one-week low as dollar bounces on strong data

14/12 Gold fell to its lowest in over a week on Friday and was on track to mark its biggest weekly decline in more than a month, as the dollar climbed on robust U.S. economic. . .  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

2018: The year volatility came home to roost

14/12 U.S. stocks are down only slightly for 2018, but that masks a volatile year for investors.. . .  Full story

Soybeans sag as China purchases underwhelm; corn firms

14/12 U.S. soybean futures fell on Friday for a second session as traders reacted to smaller-than-expected purchases this week by China, coupled with ballooning global supplies, traders said. Corn futures firmed on. . .  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

U.S. oil drillers cut rigs for second week in a row -Baker Hughes

14/12 U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to reduce the number of active rigs after crude prices. . .  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

Wall St Week Ahead-Wall St looks to Fed outlook Wednesday for early Christmas gift

14/12 Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a. . .  Full story

Brazilian prosecutors charge ex-Trafigura oil executives with graft

14/12 Brazilian prosecutors on Friday charged two former executives of oil trader Trafigura over allegations of paying at least $1.5 million in bribes to employees of state-run oil company Petroleo Brasileiro .. . .  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

"Who are you calling 'nebulous'?" May presses testy EU for Brexit help

14/12 British Prime Minister Theresa May said on Friday further assurances on her Brexit deal were possible after European Union leaders told her they would not be renegotiating the treaty and scorned her stilted defence. . .  Full story

Facebook's lead EU regulator opens probe into data breach

14/12 Facebook's lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Friday began an investigation into a number of breach notifications received from the social networking site.. . .  Full story

U.S. consumer spending strengthening in boost to economy

14/12 U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook. . .  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

Air Berlin's administrator sues Etihad for up to 2 bln euros

14/12 German airline Air Berlin's insolvency administrator is suing Abu Dhabi's Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.. . .  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

Lebanon's central bank will continue financial operations in 2019 -governor

14/12 Lebanon's central bank will stick to its financial operations in 2019, central bank governor Riad Salameh told Reuters, adding a rise in global interest rates is concerning policymakers in the heavily indebted country.. . .  Full story

Farm, food groups press U.S. officials to push for more EU access

14/12 U.S. farmer, rancher and food and beverage groups pressed the Trump administration on Friday to ensure that any new trade talks with the European Union boost their market access and decrease regulatory hurdles to. . .  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

Russia raises rates, plans to resume FX buying

14/12 Russia's central bank hiked its main interest rate on Friday, seeking to keep a lid on rising inflation and offset pressure on an already weak rouble after it said it would resume foreign currency. . .  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

More trouble for Canada Goose: company delays first China store opening

14/12 Luxury parka maker Canada Goose said it is delaying the opening of its first store in China, originally planned for Saturday, putting its shares on track for their lowest close in six weeks.. . .  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

LVMH splashes out on luxury hotels with $3.2 bln Belmond deal

14/12 Luxury goods maker LVMH has agreed to buy Belmond, the owner of hotels including Venice's landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality.. . .  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

C$ weakens on global growth worries; Ontario downgraded

14/12 The Canadian dollar lost ground against its broadly stronger U.S. counterpart on Friday as investors worried about signs of slower global growth and after the debt rating of Canada's most populous province was downgraded by. . .  Full story

Clayton, Dubilier & Rice names Gregory Laï partner

14/12 Private investment firm Clayton, Dubilier & Rice (CD&R) on Friday named Gregory Laï as a Partner of the Firm.. . .  Full story

GM to begin U.S. layoff notices as it offers job transfers

14/12 General Motors Co on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks. . .  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

Salmonella linked to beef produced by JBS Tolleson sickens over 300

14/12 As many as 333 people have been infected with salmonella strain linked to beef products of JBS Tolleson Inc, part of the U.S. arm of Brazil's JBS SA, the Centers for Disease Control (CDC). . .  Full story

TSX declines as energy weighs

14/12 The energy sector pushed Canada's main index lower on Friday, as oil prices declined after China reported slower economic growth, pointing to lower fuel demand from the world's biggest oil importer.. . .  Full story

S.Korea imports no Iranian crude for November -customs

14/12 South Korea did not import crude oil from Iran in November, compared with 1.3 million tonnes imported a year ago, preliminary data from Korea Customs Service showed on Saturday. The world’s fifth-largest. . .  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

Russian rouble at one-week low on FX purchase resumption, stronger dollar

14/12 The Russian rouble weakened to a one week-low on Friday on a stronger dollar and an announcement from the Russian central bank that it would resume forex purchases to replenish state reserves.. . .  Full story

Lebanon finance minister urges new gov't, reforms after Moody's report

14/12 Lebanon's finance minister said on Friday that a decision by Moody's rating agency to change the country's outlook to negative from stable proved the need to form a government and launch reforms.. . .  Full story

U.S. industrial output up 0.6 pct in November, manufacturing flat

14/12 U.S. industrial output rose in November as a jump in mining and utilities production was offset by drops in other sectors including business equipment and construction.. . .  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

German cities ban older diesel cars

14/12 German cities are starting to introduce bans on older diesel vehicles that emit higher amounts of pollutants than later models after the country's highest administrative court in February confirmed such bans are permissible.. . .  Full story

Thirteen miners trapped in coal mine in northern India after flooding

14/12 Rescue workers were trying on Friday to reach 13 miners trapped underground in a coal mine in India's remote northeastern Meghalaya state since the previous day, authorities said.. . .  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

Fitch downgrades Pakistan citing fiscal "deterioration"

14/12 Global credit rating agency Fitch downgraded Pakistan's long-term foreign currency issuer default rating to 'B-' from 'B', citing a rise in external financing risk from low reserves and high external debt repayments, along with a. . .  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

Climate Conference Notebook: fatigue creeps in near finish line

14/12 Climate change talks billed as the most important U.N. conference since the 2015 Paris global warming deal are in their last week in Katowice, capital of Poland's coal mining district.. . .  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

Sri Lankan rupee ends lower on foreign sell-off on uncertainty

14/12 ** The Sri Lankan rupee ended weaker on Friday amid pressure on the currency due to foreign outflows from bonds and stocks as uncertainty from a lingering political crisis weighed on sentiment.. . .  Full story

Brazil stocks track global sell-off on growth fears

14/12 Brazilian stocks fell on Friday, tracking a global sell-off sparked by weak economic data from China and Europe, which fanned concerns of a global economic slowdown, while Latin American currencies were set to end. . .  Full story

India board seeks more discussion on governance under new boss

14/12 The board of the Reserve Bank of India (RBI) said on Friday it had deliberated on the central bank's governance framework and decided the matter requires "further examination".. . .  Full story

Asia Gold-High prices leave demand in the doldrums ahead of holidays

14/12 Demand for physical gold was lacklustre in major Asian hubs this week as high prices dented bullion's appeal going into the holiday season, with buying interest in second biggest consumer India likely to be. . .  Full story

Vietnam's Vingroup targets global markets with smartphones in tech shift

14/12 Vingroup, Vietnam's top listed firm by market value, underlined its technology ambitions on Friday with the launch of its first smartphones, which it plans to sell around the world.. . .  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

ECB takes over supervision of two banks leaving UK due to Brexit

14/12 The European Central Bank said on Friday it will take over supervision of the European operations of Barclays and Bank of America Merrill Lynch (BofAML) after they moved some businesses to Ireland from Britain because. . .  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

Mexico's new budget: fiscal miracle or a December disaster?

14/12 Nervous bond holders will pore over Mexico's budget like never before this weekend to see if leftist President Andres Manuel Lopez Obrador can pull off higher social spending, tax cuts and pricey oil ventures. . .  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