Europe Business

West African leaders pledge $1 bln to fight Islamist threat

15/09 West African leaders have pledged $1 billion to combat the spiralling threat of Islamist militancy in the region, the head of the regional ECOWAS bloc said on Saturday.  Full story

AB Inbev launches second Asia IPO attempt, targets up to $6.6 bln

12h08 Anheuser-Busch InBev NV will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an IPO worth up to $6.6 billion that could be. . .  Full story

Lasting oil spike could hit growth and inflation - ECB's Villeroy

12h07 Growth could suffer and inflation could rise if the current jump in oil prices proves to be more than a temporary spike, ECB policymaker Francois Villeroy de Galhau said on Tuesday.. . .  Full story

Gold holds steady as focus turns to Fed meeting

11h56 Gold prices were steady on Tuesday as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve's two-day monetary policy meeting, when the central bank is widely expected to cut interest rates.. . .  Full story

Oil slips as market assesses fallout from Saudi attack

11h40 Oil prices slid on Tuesday, although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that halved the kingdom's output and prompted a. . .  Full story

Husqvarna shares cut back as mower firm sticks to margin goal

11h29 Sweden's Husqvarna unveiled new financial targets on Tuesday that left investors underwhelmed, hitting shares in the world's biggest maker of gardening power equipment such as trimmers and robotic lawn mowers.. . .  Full story

Woodford discloses less than 5% stake in Circassia Pharmaceuticals - filing (Sept. 16)

11h17 British asset manager Woodford Investment Management Ltd disclosed a less than 5% stake in Circassia Pharmaceuticals Plc as of Sept. 13, a filing showed on Monday.. . .  Full story

German investor morale brightens more than expected in September

11h09 The mood among German investors improved more than expected in September, a survey showed on Tuesday, but the ZEW institute warned that the outlook for Europe's largest economy remained negative amid trade disputes and Brexit. . .  Full story

Ukraine PM denies report on negotiations over PrivatBank

11h06 Ukrainian Prime Minister Oleksiy Honcharuk told Reuters on Tuesday that his government was not holding any negotiations over PrivatBank with its former owner.. . .  Full story

Apple says $14 bln EU tax order 'defies reality and common sense'

11h06 The European Union's order for Apple to pay 13 billion euros ($14 billion) in back taxes to Ireland "defies reality and common sense," the U.S. company said on Tuesday, as it launched a legal. . .  Full story

European shares flat as investors assess Saudi attack impact

10h55 European shares steadied on Tuesday as investors sought refuge in oil stocks and defensive sectors after attacks on Saudi Arabian oil facilities over the weekend heightened political tensions.. . .  Full story

London's blue-chip index gains ground; Sirius Minerals sinks

10h54 Britain's FTSE 100 steadied on Tuesday as oil heavyweights lifted the blue-chip index while the impact on other major sectors of the attack on Saudi crude processing facilities faded.. . .  Full story

Dutch to present 2020 budget, loosen purse-strings

10h40 Dutch Prime Minister Mark Rutte's frugal government looks set to loosen up in its 2020 budget, possibly including a national investment fund to take advantage of its ability to borrow at negative interest rates.. . .  Full story

Ukraine wants settlement with former PrivatBank owner - newspaper

10h26 Ukraine's president wants a settlement with the former owner of PrivatBank, Prime Minister Oleksiy Honcharuk told a newspaper, potentially derailing the IMF-backed nationalisation of the country's largest bank.. . .  Full story

Britain's biggest mining project in the balance as Sirius bond aborted

10h20 Sirius Minerals scrapped a plan to raise $500 million through a bond sale, sending its shares more than 50% lower and delaying a project to mine for fertiliser under a national park in northern. . .  Full story

Cameroon taps Terminal Investment Limited to run Douala port

10h20 Switzerland's Terminal Investment Limited (TIL) has been tapped to renovate and manage Cameroon's main Douala port starting next year, the port's director-general said on Monday.. . .  Full story

Euro zone bond yields edge lower as oil jitters continue, Fed eyed

09h39 Euro zone government debt yields edged lower on Tuesday as geopolitical uncertainty stemming from the weekend attack on Saudi oil facilities underpinned a cautious tone in bond markets before an expected rate cut from the. . .  Full story

UK's Sainsbury's outperforms rivals in latest industry data - Kantar

09h38 Sainsbury's was the best performing of Britain's big four supermarket groups in the latest 12 week period, indicating its tentative recovery was gaining momentum after a prolonged period of underperformance, industry data showed on Tuesday.. . .  Full story

Base metals decline on poor demand outlook from China

09h29 Industrial metals prices fell on Tuesday on concerns about demand from top consumer China following data that could signal weakness in the world's second-biggest economy.. . .  Full story

Recruiter Staffline reports first-half loss

09h07 Recruitment company Staffline Group Plc reported a loss for the first half on Tuesday and said Brexit had become a source of unprecedented uncertainty for its customers, increasingly weighing on consumer confidence.. . .  Full story

Sirius Minerals slows polyhalite project development, scraps bond sale

09h00 Sirius Minerals Plc will slow down development of its North Yorkshire polyhalite project and scrap a planned $500 million bond sale, the company said on Tuesday, adding that the British government declined to provide support. . .  Full story

French Connection posts smaller loss, sees company sale by year-end

08h48 French Connection said on Tuesday it expects the sale process of the British clothing retailer to be completed by the end of the year, and reported a smaller first-half operating loss on growth in. . .  Full story

Total starts expanded ethylene capacity at South Korea plant

08h27 French energy group Total SA said it had started production at the expanded ethylene capacity at its plant in Daesan, South Korea, creating higher output to meet growing global petrochemical demand.. . .  Full story

Elon Musk says 'pedo guy' tweet did not suggest British cave diver was a pedophile

16/09 Elon Musk on Monday said he did not intend to accuse a British diver of pedophilia by branding him a "pedo guy" on Twitter, as the Tesla Inc chief executive sought to dismiss a. . .  Full story

Oil jumps nearly 15% in record trading after attack on Saudi facilities

16/09 Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years and a record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom's production. . .  Full story

Delayed Aigle Azur liquidation leaves time for Air France rescue

16/09 A French court began the process of liquidating insolvent airline Aigle Azur on Monday but left bidders including Air France-KLM and Air Caraibes two more days to come back with an acceptable rescue plan,. . .  Full story

Airbus, French exporters reel as U.S. tariffs loom in subsidy row

16/09 Shares in Airbus and French luxury goods exporters fell on Monday as the European Union acknowledged it may face U.S. tariffs in a long-running dispute over aircraft subsidies, part of an escalating tit-for-tat trade row.. . .  Full story

Airbus sees no major 2019 impact from possible U.S. tariffs

16/09 Possible U.S. tariffs against Airbus aircraft and European parts are unlikely to have a major impact on the European planemaker's 2019 results, but disruption cannot be ruled out, its chief executive said.. . .  Full story

Gold up 1% as attack on Saudi facilities boosts safe-haven assets

16/09 Gold gained 1% on Monday after attacks on oil facilities in Saudi Arabia fueled concerns of a further escalation in Middle East tensions and pushed investors toward safe-haven assets.. . .  Full story

Iran's Rouhani says Aramco attacks were a reciprocal response by Yemen

16/09 An attack on Saudi Arabia's Aramco oil facilities was a reciprocal measure by "Yemeni people" to assaults on this country, said Iranian President Hassan Rouhani on Monday, hours after a Saudi-led coalition said the. . .  Full story

Atlantia's CEO set to step down as bridge probe darkens

16/09 The long-standing head of Italian infrastructure group Atlantia is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on. . .  Full story

French court begins Aigle Azur liquidation, leaving two days for rescue

16/09 A French court began the process of liquidating bankrupt airline Aigle Azur on Monday but left bidders including Air France-KLM and Air Caraibes two more days to come back with an acceptable rescue plan,. . .  Full story

European stocks wilt after Saudi attack, though oil shares jump

16/09 Oil and gas companies stood out in a gloomy session for European stock markets on Monday as an attack on Saudi Arabia's oil facilities thrust crude prices higher, while heightening geopolitical concerns among investors.. . .  Full story

Greece seeks new mining jobs, higher royalties in talks with Eldorado

16/09 Greece is in talks with Canada's Eldorado Gold Corp to secure higher royalties from its mining development projects and new jobs, Energy Minister Kostis Hatzidakis said on Monday.. . .  Full story

Woodford discloses less than 5% stake in Circassia Pharmaceuticals - filing

16/09 British asset manager Woodford Investment Management Ltd disclosed a less than 5% stake in Circassia Pharmaceuticals Plc as of Sept. 13, a filing showed on Monday.. . .  Full story

Azerbaijan's GDP seen up 2.4% in 2020, oil price $55 per barrel -budget draft

16/09 Azerbaijan's gross domestic product is expected to grow 2.4% in 2020, slightly up from 2.3% expected this year, a draft of the country's budget for next year, published on Monday, showed.. . .  Full story

Oil majors curb FTSE losses as crude surges after Saudi attacks

16/09 Britain's blue-chip index dropped on Monday as non-oil stocks took a hit from mounting geopolitical risks and growth concerns after crude prices rose due to the attacks on Saudi Arabian production facilities.. . .  Full story

Copper drifts lower on concern about fragile China data

16/09 Copper slipped on Monday after weak Chinese data fuelled worries about demand, but lead and zinc hit multi-months peaks after a mine suspension.. . .  Full story

Evidence indicates Iranian arms used in Saudi attack, say Saudis

16/09 The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi Arabian oil plants was carried out with Iranian weapons and was not launched from Yemen according to preliminary findings.. . .  Full story

U.N. Yemen envoy says 'not entirely clear' who is behind Saudi oil attack

16/09 United Nations Yemen envoy Martin Griffiths told the U.N. Security Council on Monday that it was "not entirely clear" who was behind Saturday's attack on Saudi oil facilities but he said it had increased. . .  Full story

Oman says attack on Saudi oil facilities was 'pointless escalation'

16/09 Oman expressed regret for the weekend attack on Saudi Aramco's oil facilities, with a tweet by the foreign ministry calling it a "pointless escalation".. . .  Full story

U.S. group Advent wins $5 bln battle for Britain's Cobham

16/09 U.S. private equity firm Advent International won its battle to buy Britain's Cobham for $5 billion on Monday, taking advantage of the weak pound to pounce on the defence and aerospace group that. . .  Full story

Yacht maker Ferretti plans Milan listing, eyes acquisition abroad

16/09 Italian luxury yacht maker Ferretti aims to list on the Milan bourse by the end of October to accelerate its growth plan, which also envisages the acquisition of a foreign rival, its CEO Alberto. . .  Full story

Qatar condemns Saudi Aramco attacks, calls for collective security

16/09 Qatar's foreign minister on Monday condemned attacks on oil facilities in Saudi Arabia and said efforts were needed to end conflicts in the region.. . .  Full story

Dutch tech firm CM.com eyes $110 mln IPO in Amsterdam

16/09 Dutch communications technology company CM.com is looking to raise around 100 million euros ($110 million) through an initial public offering of shares in Amsterdam in the coming weeks, it said on Monday.. . .  Full story

KLM ground staff plans new strike on Wednesday -trade union

16/09 Ground staff at Dutch airline KLM will strike again on Wednesday, to push for higher pay and better working conditions, trade union FNV said on Monday.. . .  Full story

Norwegian Air's bondholders back debt relief plan

16/09 Norwegian Air's bondholders have accepted the company's plea to postpone repayment of $380 million by up to two years, the carrier said on Monday, providing the loss-making airline some financial relief and sending its shares. . .  Full story

Stretched households could mean lengthy UK downturn, if it comes

16/09 If Britain falls into recession soon, perhaps after a no-deal Brexit, it might prove to be a lengthy one because the country's financially stretched households are unlikely to be able to lead a recovery.. . .  Full story

Merkel's conservatives want to double passenger levy on domestic flights

16/09 German Chancellor Angela Merkel's conservatives want to double a levy on domestic flight tickets, a party official said on Monday.. . .  Full story

Coverage ratio at big Dutch pension funds falls below 90%, cuts loom

16/09 Several Dutch pension funds, including the biggest, ABP, which oversees 464 billion euros in assets, reported on Monday their coverage ratio fell below 90% for the first time in August, meaning pensions will be. . .  Full story

Bulgaria jobless rate flat at 5.3% in August

16/09 Bulgaria's unemployment rate remained flat at 5.3% in August, data from the state employment agency showed on Monday as the number of Bulgarians without a job dropped 11,319 compared with the eighth month the. . .  Full story

Aldi focused on British sales with $1.25 bln growth plan

16/09 German discount supermarket group Aldi plans to pump 1 billion pounds ($1.25 billion) into Britain, chasing market share at the expense of profit, which dropped by 26% last year as it pursued sales growth,. . .  Full story

Apple takes fight against 13-billion-euro EU tax order to court

16/09 Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a landmark case in the EU's crackdown on tax. . .  Full story

Germany wants to cap next EU budget at 1%, seeks more funds for climate and migration

16/09 Germany wants to cap the European Union's next budget for 2021-27 at 1% of the continent's economy, a scenario that would still see Berlin contribute some 10 billion euros more every year, according to. . .  Full story

UK markets watchdog calls for EU action to avoid Brexit disruption

16/09 Overlapping British and European Union share trading rules would damage markets "to no good end" and can be avoided if the bloc is more accommodative, Britain's top markets watchdog said on Monday.. . .  Full story

Kazakh financial firm Kaspi.kz plans London listing this year

16/09 Kazakh financial group Kaspi.kz , which controls the Central Asian nation's third-largest lender Kaspi Bank, said it plans to list its shares in London this year.. . .  Full story

Releasing oil reserves is joint decision of IEA- Germany

16/09 The German government said on Monday its supply of oil was not affected by attacks at the weekend against Saudi refineries and any decision to release strategic reserves needed to be made jointly with. . .  Full story

EU launches in-depth probes into Belgian tax benefits for 39 companies

16/09 The European Commission said on Monday it had opened separate in-depth investigations into tax rulings granted by Belgium to 39 multinational companies to determine whether these amounted to illegal state aid.. . .  Full story

Summer ranges lift H&M's sales but at a price

16/09 The popularity of its summer ranges helped Sweden's H&M enjoy its strongest sales growth in three years in local-currency terms but its shares slipped on Monday on concerns over profit margins.. . .  Full story

Spanish union calls on Iberia airline ground staff to strike for 8 days

16/09 A Spanish labour union called on Monday for all ground staff for International Airlines Group's Iberia unit to go on strike every Monday from Sept. 30 to Nov. 18.. . .  Full story

Swedish packaging firm BillerudKorsnas launches savings plan

16/09 Swedish packaging paper and carton producer BillerudKorsnas said on Monday it would launch a cost reduction programme aiming for around 600 million crowns ($62.5 million) of savings a year starting from 2021.. . .  Full story

Germany: We're analysing who is behind Saudi oil attack

16/09 Foreign Minister Heiko Maas said on Monday that Germany was working with its partners to find out who carried out the attacks on Saudi Arabia's oil facilities, adding the incidents posed a danger of. . .  Full story

Brexit clash over share trading would hit markets - UK watchdog

16/09 Overlapping British and European Union share trading rules would damaged markets "to no good end" and can be avoided, Britain's top markets watchdog said on Monday.. . .  Full story

Spanish retailer DIA losses worsen in H1, to update business plan

16/09 Spanish retailer DIA swung to a sharply worse net loss in the first half on falling sales, supply disruptions and one-off costs related to store closures, but said on Monday a key indicator of. . .  Full story

Hospital chain Spire profit rises on cost-cuts, NHS boost

16/09 Britain's Spire Healthcare Group Plc reported on Monday a first-half profit compared with a loss last year, helped by cost-cutting measures and better-than-expected revenue from the National Health Service (NHS) referrals.. . .  Full story

UK seeks trade deal with New Zealand as its prepares for post-Brexit

16/09 Britain's Trade Minister Liz Truss said on Monday that striking a trade deal with New Zealand, one of its smallest trading partners, would be a priority, as her government desperately looks to line up post-Brexit. . .  Full story

Nyrstar temporarily reopens old lead plant in South Australia

16/09 Belgium's Nyrstar has temporarily reopened an old lead processing plant in the state of South Australia after receiving a permit from the state's environmental protection authority (EPA), it said on Monday.. . .  Full story

UK Stocks-Factors to watch on Sept 16

16/09 Britain's FTSE 100 index is seen opening 30 points lower at 7,338 on Monday, according to financial bookmakers, with futures down 0.3% ahead of cash market open.. . .  Full story

Former Royal London executive takes over as Direct Line CFO

16/09 Direct Line appointed on Monday former Royal London executive Tim Harris as its chief financial officer, as Britain's largest motor insurer faces a market that has been bogged down by stiff competition and regulatory changes.. . .  Full story

EU to pursue web tax plan alone if no global accord -Gentiloni

16/09 The European Union plans to introduce a tax on digital services even in the absence of a global accord on a so-called 'web tax', the Commissioner-designate for Economic Affairs Paolo Gentiloni was quoted as saying. . .  Full story

Volkswagen agrees to Australian settlement over diesel cheating

16/09 Volkswagen said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel emissions cheating scandal.. . .  Full story

"Very difficult" for China's economy to grow 6% or faster -Premier Li

16/09 Chinese Premier Li Keqiang said it is "very difficult" for China's economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated. . .  Full story

UK employers cut growth forecasts as Brexit, global slowdown weigh

16/09 The British Chambers of Commerce cut its forecast for economic growth this year and 2020 on Monday, blaming a slower global economy, U.S.-China trade tensions and the persistent drag from Brexit.. . .  Full story

EU businesses warn no-deal Brexit would be disaster

16/09 Britain's exit from the European Union without a divorce agreement would be a disaster and must be ruled out, Europe's biggest business organisation said on Monday, as EU officials warn this worst-case scenario is increasingly. . .  Full story

U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities

15/09 U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy. . .  Full story

France to cut household taxes by 9.3 bln euros - Les Echos

15/09 Tax cuts for French households will amount to 9.3 billion euros ($10.3 billion) next year, Les Echos reported in a preview of its Monday edition, citing anonymous sources.. . .  Full story

Pakistan hopes to meet fiscal deficit target set by IMF - finance chief

15/09 Pakistan is edging towards macro-economic stability after putting in place tough measures to meet a fiscal deficit target set by the International Monetary Fund as part of a $6 billion bailout in July, its finance. . .  Full story

WeWork IPO spells rough landing for CEO Neumann

15/09 Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into. . .  Full story

Attacks on Saudi facilities threaten spare oil capacity, price hikes

15/09 Saturday's attacks on key Saudi Arabia processing plants will test the world's ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world's. . .  Full story

Climate protesters tell carmakers 'the party is over'

14/09 Thousands of protesters marched in front of Frankfurt's IAA car show on Saturday to demand a swift end to combustion engines and a shift to environmentally friendly vehicles as Chancellor Angela Merkel's government prepares to. . .  Full story

Iran says it will adopt maximum crude output policy if US lifts sanctions

14/09 Iran will adopt a policy of maximum crude production if the United States lifts sanctions on the country's oil industry, Iranian Oil Minister Bijan Zanganeh said on Saturday. "Maximum production would be the Iranian Ministry. . .  Full story

UK condemns Houthi drone attack on Saudi oil facilities

14/09 Britain condemned a drone attack on Saudi Arabian oil facilities on Saturday, and said that Yemen's Houthi rebel group should stop targeting Saudi civilian and commercial infrastructure.. . .  Full story

India sets up fund to complete stalled housing projects

14/09 India on Saturday announced a series of measures to revive the housing sector and boost exports as the government tries to kick-start an economy hit by a lending crisis and a slowdown in demand.. . .  Full story

EU finance ministers back push for simpler fiscal rules

14/09 European Union finance ministers backed on Saturday a simplification of the EU's fiscal rules to make them more transparent and predictable, but more work is needed before any changes are agreed, a senior European Commission. . .  Full story

Ukraine wheat export memorandum with traders to be signed soon: minister

14/09 Ukraine will soon sign its annual wheat export memorandum with traders, the new Minister of Economy, Trade and Agriculture Tymofiy Mylovanov told Reuters on the sidelines of the Yalta European Strategy (YES) summit.. . .  Full story

Opal pipeline reduces gas flows after court ruling, Nel raises intake

14/09 Germany's Opal onshore gas link, which connects to the Russian-designed Nord Stream pipeline, has started reducing gas flows after a court ruling, while Nel, another link to the undersea connector, boosted intake, operators' data showed. . .  Full story

Fires from drone attacks on two Aramco sites under control -Saudi govt spokesman

14/09 Drone attacks on two Saudi Aramco factories in Abqaiq and Khurais on Saturday caused fires that the company's security forces brought under control, a spokesman for Saudi Arabia's interior ministry said in a statement.. . .  Full story

France to slow reduction in deficit despite lower borrowing costs - Finance Ministry sources

13/09 France will cut its public sector deficit by slightly less than planned next year despite billions of euros in windfall savings from record low borrowing costs, Finance Ministry sources said on Friday.. . .  Full story

ECB hawks rally against Draghi's farewell stimulus

13/09 Conservative policymakers slammed the European Central Bank's lavish stimulus measures on Friday, voicing doubts about the need and effectiveness of a package that could consume most of the bank's remaining firepower.. . .  Full story

Banks sizzle as European stocks log fourth week of gains

13/09 A surge in banks, miners and automakers galvanised European stocks on Friday, as continued rotation into the cyclical sectors amid signs of progress in U.S.-China trade talks drove the STOXX 600 to its fourth. . .  Full story

Ivory Coast, Ghana strike first cocoa deals with living income premium

13/09 Ivory Coast and Ghana have agreed initial deals to sell cocoa with a living income premium of $400 a tonne added to the price, in a bid to reform the way global cocoa is. . .  Full story

Brexit optimism breathes life into UK-focussed stocks

13/09 UK stocks ended Friday on a high note as optimism that a no-deal Brexit could be avoided spurred a rally in stocks with domestic exposure, overpowering losses in blue-chip exporter stocks that were hit. . .  Full story

Lantern-waving Hong Kong protesters take to hills, as leader pledges housing reform

13/09 Hong Kong pro-democracy protesters took to the hills to form flashlight-carrying human chains on Friday, using the colourful Mid-Autumn Festival as a backdrop to the latest in more than three months of sometimes violent demonstrations.. . .  Full story

EU, Italy unlikely to clash over 2020 draft budget - officials

13/09 Italy is unlikely to clash with the European Union over its draft budget for next year because the new government in Rome is more likely to play by EU fiscal rules than the previous. . .  Full story

Copper touches 1-1/2 month high on optimism over trade talks

13/09 Copper hit the highest in 1-1/2 months on Friday as investors hoped an easing of trade tensions between the United States and China might eventually boost metals demand.. . .  Full story

Gibraltar boosts port preparations in case of no deal Brexit

13/09 Gibraltar has extended port facilities to be able to handle more ships carrying goods as part of contingency plans if Britain leaves the European Union without an agreement, the British territory's maritime minister said on. . .  Full story

Euro zone bond yields hit six-week high as doubt cast on ECB policy impact

13/09 Core euro zone bond yields rose to six-week highs on Friday as concern crept into the market that the European Central Bank is reaching the limits of what its policy can achieve, a day. . .  Full story

UK PM Johnson says "rough shape" exists for Brexit deal

13/09 British Prime Minister Boris Johnson said on Friday there was "the rough shape of a deal to be done" over Brexit, as he prepared to meet European Commission President Jean-Claude Juncker in a renewed push. . .  Full story

WeWork considers IPO valuation of as low as $10 bln -sources

13/09 WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January,. . .  Full story

With Zelenskiy in charge, Ukraine tycoon Kolomoisky sees amicable solution on PrivatBank

13/09 Ukrainian tycoon Ihor Kolomoisky said on Friday he saw room for an amicable solution in his long battle with the authorities over the country's largest lender, PrivatBank, now that President Volodymyr Zelenskiy was in. . .  Full story

Pink gin with strawberries: Wetherspoon patrons defy Brexit gloom

13/09 J D Wetherspoon's eurosceptic boss said customers were unfazed by political wrangling over Brexit after the pub group reported a rise in full-year sales and profit thanks to demand for products from pink gin and. . .  Full story

"Count Draghila is sucking our accounts dry", says Germany's Bild

13/09 Germany's best-selling newspaper, Bild, on Friday accused European Central Bank President Mario Draghi of "sucking dry" the bank accounts of Germany's savers, a day after the bank cut interest rates deeper into negative territory.. . .  Full story

Euro zone plans no joint fiscal stimulus, but ready if economy gets worse

13/09 Euro zone finance ministers are not planning any joint fiscal stimulus to complement the European Central Bank's monetary package, but they are ready to act if the economy takes a turn for the worse,. . .  Full story