Europe Business

Energy group Total to approve Nigeria's Ikike project in coming months

21/01 French oil and energy group Total will formally approve a decision to proceed with the Ikike project in Nigeria in the coming months, said chief executive Patrick Pouyanne.  Full story

Gold steady as global growth, trade worries raise safe-haven demand

06h28 Gold prices held steady on Wednesday, after rising the most since Jan. 9 the day before, on demand for safe-haven assets amid concerns over the slowing global economy along with uncertainty about the trade. . .  Full story

The World Economic Forum at Davos

06h19 World leaders and top CEOs meet at Davos in Switzerland this week to discuss how to steer policy amid worries of slowing economic growth, damaging trade wars and Brexit. Reuters. . .  Full story

Aluminium near 1-month high on tightening supply in China

06h16 London aluminium prices rose for a second session on Wednesday to trade near last session's one-month high, underpinned by signs of falling production in China.. . .  Full story

COLUMN-U.S. shale boom set to cool in 2019: Kemp

03h00 U.S. crude oil production will continue to grow through 2019 and 2020, but at a much slower pace than in 2018, according to the latest forecasts from the U.S. Energy Information Administration.. . .  Full story

Cloud, services fuel IBM's profit beat, robust outlook; shares jump

02h53 IBM Corp beat Wall Street quarterly earnings estimates and also forecast 2019 profit above expectations on Tuesday, in the latest indication that Chief Executive Officer Ginni Rometty's efforts to turn around the technology services company. . .  Full story

UK trade minister Fox to use Davos trip to discuss replicating EU agreements

02h01 British trade minister Liam Fox will use a two-day trip to the World Economic Forum in Davos to meet trade ministers from around the world to discuss rolling over existing EU trade agreements after. . .  Full story

France mulls converting Cordemais coal power generators to biomass

00h37 The French government and utility EDF will study the possibility of converting the 1.2 gigawatts (GW) Cordemais coal power generators to burn biomass due to its importance in guaranteeing security of supply, the energy ministry. . .  Full story

Renault convenes board to turn page on Ghosn era

22/01 Renault has called a board meeting to replace Chairman and Chief Executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan in the wake of Ghosn's arrest in. . .  Full story

ED&F Man files $284 mln suit against Hong Kong firms, alleges metals fraud

22/01 Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent warehouse receipts for nickel stored in Asia, court documents show. The. . .  Full story

New York cocoa drops to month low; sugar, coffee also down

22/01 New York cocoa futures slumped to the lowest in a month on Tuesday as rains in Ivory Coast improved the outlook for crops and helped trigger the liquidation of long positions by funds as. . .  Full story

No-deal Brexit would threaten Scotch whisky export growth, say producers

22/01 Leaving the EU in March without a deal would pose risks to Scotch whisky’s current healthy rates of export growth, the Scotch Whisky Association said on Tuesday.. . .  Full story

Aluminium hits near one-month high on signs of tighter China supply

22/01 Aluminium prices hit their highest in nearly a month on Tuesday as investors brushed off weaker economic growth in China to focus on signs of falling production.. . .  Full story

-French payments business Ingenico warns on core profit

22/01 French payments company Ingenico's 2018 earnings before interest, tax, depreciation and amortisation (EBITDA) will be lower than expected, the company warned on Tuesday, citing underperformance in its Banks & Acquirers division.. . .  Full story

Davos bankers try to put brave face on gloomy outlook

22/01 The International Monetary Fund has cut its global growth forecasts for the second time in three months. Central banks in the U.S. and Europe are reversing a decade of ultra-loose monetary policy. Trade tensions. . .  Full story

Scandal-hit Patisserie Valerie owner calls in administrators

22/01 British cafe chain owner Patisserie Holdings Plc on Tuesday appointed audit firm KPMG as administrators after it was unable to renew its bank facilities in the aftermath of an accounting scandal.. . .  Full story

DAVOS-StanChart CFO says second referendum "a way forward" to break Brexit stalemate

22/01 The chief financial officer of Asia-focused bank Standard Chartered believes a second referendum on Britain's membership of the European Union could be a way to end a paralysing parliamentary deadlock on future ties with the. . .  Full story

Fresh global growth worries drag on FTSE 100; lift-off for easyJet

22/01 Britain's FTSE 100 posted its worst day in nearly a month on Tuesday as renewed global economic slowdown worries sparked a sell-off across the U.S., Asian and European markets and a stronger pound weighed,. . .  Full story

UK finance minister backs calls for tougher bank disputes scheme

22/01 British finance minister Philip Hammond called on banks to strengthen a proposed redress scheme for small businesses, which lawmakers and victims argue is too soft on lenders.. . .  Full story

Illycaffe could broaden JAB capsule deal to marketing

22/01 Illycaffe could broaden its partnership with JAB Holding, Chairman Andrea Illy said on Tuesday, but ruled out the investment group taking a stake in the family-owned Italian premium coffee maker.. . .  Full story

Russia's Novak will not attend Davos - energy ministry

22/01 Russia's Energy Minister Alexander Novak will not fly to Switzerland to attend the Davos world economic forum due to changes in his schedule, an energy ministry spokeswoman told Reuters on Tuesday.. . .  Full story

Patisserie Valerie owner appoints KPMG as administrator

22/01 British cafe chain owner Patisserie Holdings said on Tuesday it appointed audit firm KPMG as administrator after it was unable to renew its bank facilities.. . .  Full story

UBS and global growth concerns drive down European shares

22/01 European shares extended their slide on Tuesday as growth worries weighed on global markets while results from Switzerland's UBS dragged on the banking sector.. . .  Full story

No-deal Brexit puts Bentley's return to profit at risk

22/01 Loss-making carmaker Bentley is on track to be profitable this year but a no-deal Brexit puts that at "fundamental risk", its boss told Reuters, adding that the chance of Britain leaving the EU on. . .  Full story

Spanish yields hit six-month lows after record demand at 10-year bond sale

22/01 Spain's long-dated government bond yields fell to six-month lows on Tuesday after a new 10-year bond, sold via a syndicate of banks, attracted record demand.. . .  Full story

DAVOS-Huawei calls for swift end to case of executive arrested in Canada

22/01 China's Huawei Technologies wants a quick resolution of the case of its former finance chief Meng Wanzhou, who is accused of violating U.S. sanctions on Iran and has been detained in Canada, its chairman said. . .  Full story

Johnson Controls CEO sees slowdown in China hurting its auto business

22/01 The chief executive officer of Johnson Controls International Plc said on Tuesday that he was seeing a slowdown in automotive production in China, an important segment for the Irish-based car batteries maker.. . .  Full story

Colfax picks Goldman to sell Howden business - sources

22/01 Colfax Corp is pressing ahead with plans to sell its air and gas handling unit Howden as part of a shift to focus on the medical devices industry and has hired Goldman Sachs to. . .  Full story

France, Germany try to "show the way forward" for embattled EU project

22/01 The leaders of France and Germany signed a new treaty on Tuesday to update their 1963 post-war reconciliation accord, aiming to reinvigorate the European Union's main axis as growing eurosceptic nationalism tests the bloc's cohesion.. . .  Full story

P&O to change flag of UK ships to Cyprus ahead of Brexit

22/01 British ferry and shipping freight operator P&O will shift the registration of its UK vessels to Cyprus ahead of Britain's departure from the European Union, in part to keep its tax arrangements in the. . .  Full story

Experts say it’s safe to raise limit for tremors at Britain's fracking sites

22/01 Britain could safely raise the limit for tremors at gas fracking sites, two seismologists said on Tuesday.. . .  Full story

London Metal Exchange to launch seven new contracts: Andy Home

22/01 The London Metal Exchange (LME) has unveiled details of seven new contracts that will launch on March 11.. . .  Full story

Smaller EU states block pre-Brexit reform of finance supervisors

22/01 Smaller European Union states led by Luxembourg on Tuesday blocked a plan to strengthen EU financial regulators' grip over money managers ahead of Brexit.. . .  Full story

Surging labour market boosts UK economy ahead of Brexit

22/01 British workers' pay grew at the fastest pace in over 10 years and employment jumped much more than expected in the three months to the end of November, contrasting with other signs of an. . .  Full story

Denmark to tighten rules for bank bosses as Danske Bank hits image

22/01 Danish financial firms risk problems getting financing and risk capital abroad if there is a repeat of the Danske Bank money laundering scandal, the country's financial regulator said, as lawmakers sought to toughen liability rules. . .  Full story

German investor morale brightens, but view on current condition grim

22/01 Morale among German investors improved slightly in January, but their assessment of the economy's current condition deteriorated to a four-year low, a survey showed on Tuesday, sending mixed signals for the growth outlook of Europe's. . .  Full story

Verdi union speaks out against any Deutsche Bank, Commerzbank merger

22/01 Germany's Verdi labour union on Tuesday voiced concern over any possible merger between Germany's largest banks – Deutsche Bank and Commerzbank.. . .  Full story

Croatia takes more short-term debt than planned, yield flat

22/01 Croatia sold 1.41 billion kuna ($215.75 million) worth of one-year treasury bills at an auction on Tuesday, with the yield staying flat, finance ministry data showed. The bills yielded 0.09 percent.. . .  Full story

Preferred bidders for Elior's Areas arm to be chosen by March -sources

22/01 Preferred bidders for the Areas business of French company Elior are expected to be chosen by the start of March, a source close to the matter told Reuters.. . .  Full story

IMF's Lagarde says no-deal Brexit is "obviously the worst case scenario" - CNBC

22/01 IMF Managing Director Christine Lagarde told CNBC on Tuesday that Brexit poses uncertainty for Europe and UK and that a no-deal Brexit is "obviously the worst case scenario".. . .  Full story

Mercedes-Benz will produce electric batteries in Poland - PM

22/01 Daimler-owned Mercedes-Benz Cars will start producing electric batteries in Jawor, Poland, the Polish Prime Minister Mateusz Morawiecki said on Tuesday, as the company looks to ramp up its investments into electric batteries in the coming. . .  Full story

Jupiter appoints ex-Janus Henderson boss Formica as new CEO

22/01 Jupiter Asset Management has named ex-Janus Henderson boss Andrew Formica as chief executive after veteran investor Maarten Slendebroek said he will step down on March 1.. . .  Full story

IG Group shares fall as regulatory clampdown hits profit

22/01 Shares of IG Group Holdings Plc fell 12 percent on Tuesday after the online financial trading company reported a slump in first-half earnings as new regulations made it harder for some clients to use. . .  Full story

EXCLUSIVE-Autogrill submitted a bid for Elior's Areas business - source

22/01 Italy's Autogrill has submitted a bid for the railways, motorway and airport catering business of France's Elior, a source told Reuters on Tuesday.. . .  Full story

Bridgewater's founder Dalio sees significantly slower growth in Europe and U.S.

22/01 The founder and chairman of hedge fund Bridgewater Associates, Ray Dalio, said he sees significantly slower growth rates in Europe and United States.. . .  Full story

Hugo Boss shares rise on wholesale, retail acceleration

22/01 Shares in German fashion house Hugo Boss jumped on Tuesday after it reported sales growth picked up at the end of 2018 across its stores, online and at its wholesale business, which benefited from. . .  Full story

How Britain's retailers fared over Christmas

22/01 British retailers are giving updates on Christmas trading, by far their busiest and most important period of the year, stretching from "Black Friday" on Nov. 23 to early January clearance sales.. . .  Full story

Danske faces new investor lawsuit threat

22/01 Litigation funder IMF Bentham has teamed up with legal experts Quinn Emanuel and Njord Law Firm and plans to file a shareholder lawsuit against Danske Bank by July over a 200 billion euro ($230 billion). . .  Full story

India's Sun Pharma takes steps to ease governance concerns; shares rally

22/01 India's top drugmaker by market value Sun Pharmaceutical Industries announced on Tuesday a new local distributor and other measures in a bid to ease investor concerns over its corporate governance, sending its shares up more. . .  Full story

Boss of UK builder Kier goes after share sale snub

22/01 Kier Group Chief Executive Haydn Mursell is leaving the British builder with immediate effect, the company said on Tuesday, a month after many of its shareholders refused to buy into a new issue of. . .  Full story

Euro zone banks see moderation in loan demand, tighter standards: ECB

22/01 Euro zone banks expect to tighten credit standards for business and housing loans in the first quarter and experience a moderation in loan demand, the European Central Bank said on Tuesday in a quarterly. . .  Full story

Toyota, Panasonic announce battery venture to expand EV push

22/01 Toyota Motor Corp and Panasonic Corp are launching a joint venture next year to make electric vehicle (EV) batteries, leveraging the heft of one of the world's largest automakers and battery makers to expand their. . .  Full story

KPMG subject of second UK investigation over Carillion audit

22/01 Britain's Financial Reporting Council (FRC) has opened a second investigation into how accounting firm KPMG audited the books of collapsed UK construction company Carillion, the watchdog said on Tuesday.. . .  Full story

Remy Cointreau shares fall on concerns over Chinese growth

22/01 Remy Cointreau's shares fell on Tuesday, surrendering early gains made at the start of trading, as analysts cited concerns over the outlook for China - a key market for the French spirits company.. . .  Full story

Close Brothers sees "solid" HY on loan book growth

22/01 Close Brothers Group expects a "solid outcome" for its fiscal half year ending in January, the British lender said, as loan growth at its banking division offset sharply lower volumes at its market maker. . .  Full story

Pets at Home quarterly like-for-like revenue rises

22/01 Britain's Pets at Home Group Plc on Tuesday reported a 5.1 percent rise in quarterly like-for-like revenue, on higher demand for its pet products and grooming services.. . .  Full story

Tokyo court denies latest bail request of Nissan's Ghosn

22/01 Carlos Ghosn's latest request for bail was rejected by a Tokyo court on Tuesday, despite the ousted Nissan chairman offering to wear an electronic ankle tag in an unusual bid to win release after. . .  Full story

Logitech raises FY outlook after gaming-powered third quarter

22/01 Logitech International SA raised its full-year profit outlook on Tuesday, after strong growth in its gaming hardware business helped the computer peripheral and mobile speaker maker beat third-quarter expectations.. . .  Full story

EXCLUSIVE-ISTIM slowing metal flow out of its LME warehouses - sources

22/01 Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close. . .  Full story

Scientists make gene-edited chickens in bid to halt next pandemic

22/01 British scientists are developing gene-edited chickens designed to be totally resistant to flu in a new approach to trying to stop the next deadly human pandemic.. . .  Full story

Oil and gas executives expect to boost spending this year-survey

22/01 The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.. . .  Full story

ANALYSIS-China readies first perpetual bond issue by bank, but demand could be weak

22/01 China took a big step last week on the long road toward recapitalisation of banks hobbled by stale loans, giving a first ever approval for a perpetual bond issue by a lender, but going. . .  Full story

Strike hits French nuclear and coal generation units

22/01 A strike in the French power sector has reduced power generation at state-controlled utility EDF's 1,300 megawatt (MW) St. Alban 1 nuclear reactor by around 80 percent, electricity grid operator RTE said on Monday.. . .  Full story

UK's Labour seeks to force May to rule out no-deal Brexit

21/01 Britain's opposition Labour Party is seeking to force Prime Minister Theresa May to rule out leaving the European Union without a deal and to give parliament a vote on the options to break a. . .  Full story

IMF, CEOs sound warnings as leaders gather in Davos

21/01 The International Monetary Fund trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world's biggest annual gathering of the rich. . .  Full story

Italy's Tria sees risks from IMF policies, defends deficit-spending

21/01 Italian Economy Minister Giovanni Tria said on Monday that the International Monetary Fund's economic policies, not Italy's,. posed a risk to the global economy.. . .  Full story

Gold dips on firm dollar and rise in risk appetite

21/01 Gold slipped to its lowest level in almost a month on Monday as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in U.S. interest rates.. . .  Full story

Gold out, beers in? Lawmaker gives Bank of England money-saving tips

21/01 The Bank of England was asked to consider moving the gold bars out of its vaults so that space could be rented to a pub, during its first hearing before a parliament spending watchdog.. . .  Full story

SMBC urges jetmakers to erase production snags before raising output

21/01 The head of one of the world's largest aircraft leasing companies has told leading planemakers to "get their house in order" and wipe out manufacturing delays before pushing already record production rates to even. . .  Full story

Russia, Ukraine to hold further gas talks in May

21/01 Russia and Ukraine will meet for further gas talks in May after an EU-mediated discussion in Brussels on Monday yielded no concrete results, Russian Energy Minister Alexander Novak said.. . .  Full story

-Apollo nears $3.8 bln-plus deal for packaging group RPC -WSJ

21/01 Private equity company Apollo Global Management is in advanced talks to buy Europe's biggest plastics packaging maker RPC Group for more than $3.8 billion, the Wall Street Journal reported https://on.wsj.com/2RHnm0W on Monday.. . .  Full story

Italy's UBI hasn't been tapped to prop up Carige, Monte dei Paschi

21/01 UBI Banca, Italy's fifth-largest lender, has not been contacted by the government to help prop up Monte dei Paschi and Banca Carige , the bank's supervisory board chairman said on Monday.. . .  Full story

Venezuela gold holdings in Bank of England soar on Deutsche deal -sources

21/01 Venezuela's gold holdings in the Bank of England have jumped after it closed out a gold swap deal with Deutsche Bank, according to two sources, as Britain remains reluctant to release gold held for. . .  Full story

FTSE 100 manages small gains as May outlines Brexit Plan B

21/01 British blue-chip shares eked out small gains as industrials were comforted by Prime Minister Theresa May's presentation to parliament of her European Union divorce deal Plan B, even as a stronger pound weighed on. . .  Full story

Copper slides, China growth data weighs on sentiment

21/01 Copper prices fell on Monday as worries about demand in top consumer China were reinforced after data showed weaker economic growth and on expectations of slowing activity ahead of the Lunar New Year holiday.. . .  Full story

Ex-Swiss banker convicted for selling secret tax data to Germany

21/01 A former UBS banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday.. . .  Full story

European shares slip after weak Chinese GDP data

21/01 European shares slipped on Monday from six-week highs after China's fourth-quarter growth figures confirmed a slowdown in the world's second-biggest economy, with 2018 its weakest year since 1990.. . .  Full story

Total to go ahead with Ikike oil project in Nigeria

21/01 French oil group Total will approve plans to proceed with the Ikike project in Nigeria in the coming months, and also aims to expand its liquefied natural gas (LNG) project in the country, CEO. . .  Full story

Nissan's Ghosn offers to wear electronic ankle tag to get bail

21/01 Ousted Nissan Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention. . .  Full story

Facebook to add 1,000 new jobs in Ireland by year-end

21/01 The social media giant Facebook will hire an additional 1,000 people at its international headquarters in Dublin this year, the second major jobs announcement from a U.S. multinational in Ireland in a matter of days.. . .  Full story

Massive maize imports keep EU livestock fed after drought

21/01 EU maize imports are running at a record pace, turning the bloc into a net cereal importer for the first time in a decade, as the livestock industry uses a bumper Ukrainian harvest to. . .  Full story

German bond selloff pauses as Chinese growth hits 28-year low

21/01 German government bond yields edged lower on Monday as signs of an economic slowdown in China, Washington's political deadlock and Brexit worries kept investors wary and strengthened the demand for safe assets such as Bunds.. . .  Full story

Greece to extend deadline for Hellenic Petroleum bids -sources

21/01 Greece is set to extend the deadline for two investors to submit final bids for a controlling stake in Hellenic Petroleum to give them more time to scrutinise the company's finances, two sources close to. . .  Full story

Antarctica's krill shift south as icy waters warm

21/01 Krill are shifting south towards Antarctica as the oceans warm, disrupting stocks that are eaten by penguins and whales and caught by industrial trawlers, scientists said on Monday.. . .  Full story

UN sees global economy growing 3 pct in 2019 but beset by risk

21/01 The United Nations expects the global economy to grow 3.0 percent this year and in 2020, slightly below a 3.1 percent expansion in 2018, it said on Monday.. . .  Full story

UK meal delivery firm Just Eat and CEO go separate ways

21/01 Just Eat Chief Executive Peter Plumb is stepping down with immediate effect, only 16 months after he joined the British takeaway ordering website and launched an investment drive that slowed earnings growth.. . .  Full story

ISTIM slowing metal flow out of its LME warehouses - sources

21/01 Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close. . .  Full story

Private equity firms circling Nestle's skin health business-sources

21/01 Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle's skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the matter. . .  Full story

UK regulator investigates tissue maker Accrol over 2017 statements

21/01 British tissue products supplier Accrol Group Holdings said on Monday that the UK financial watchdog had started an investigation into the company relating to statements it made in 2017.. . .  Full story

Asset managers brace for more job cuts amid market turbulence

21/01 Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry.. . .  Full story

Siemens: Key to have dialogue based on trust with EU about Alstom deal

21/01 Siemens Chief Executive Joe Kaeser said on Monday it was important to have a dialogue based on trust with European Competition Commissioner Margrethe Vestager about a planned merger of Siemens' and Alstom's rail businesses.. . .  Full story

Activist Elliott exploring Dixons Carphone stake purchase - Sky News

21/01 Shares in British electricals and mobile phone retailer Dixons Carphone rose as much as 7.6 percent after Sky News reported that activist investor Elliott Advisors is exploring plans to buy a "big stake" in. . .  Full story

Germany: Siemens/Alstom deal could increase competitiveness

21/01 German Economy Minister Peter Altmaier said on Monday that the aim of a planned merger of Alstom and Siemens' rail businesses was to increase competitiveness, adding that this goal was achievable.. . .  Full story

Eddie Stobart starts rail service from London port as Brexit looms

21/01 Eddie Stobart Logistics is starting a rail service from the London port of Tilbury to Daventry, where major retailers including Amazon have distribution centres, as uncertainty rises over Brexit.. . .  Full story

IMF fears trade war and weak Europe could trigger sharp global slowdown

21/01 The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilise. . .  Full story

France, Germany step up pressure over Alstom-Siemens deal

21/01 France and Germany raised pressure on the European Union's competition chief to approve the merger of Alstom and Siemens' rail businesses, warning that thwarting the proposed European champion would be a strategic error.. . .  Full story

Henkel tumbles as Persil maker warns investment to hit profit

21/01 Henkel shares tumbled on Monday after the maker of Schwarzkopf shampoo and Persil detergent warned earnings would fall this year as it steps up investment in brands and digital technology to try to revive growth.. . .  Full story

LSE eyes bid for Oslo Bors - Evening Standard

21/01 The operator of the London stock exchange (LSE) is reportedly interested in bidding for Norway's Oslo Bors which, if correct, could trigger a bidding war for the Norwegian exchange, already the subject of a. . .  Full story

Oil major Total set for "good" results, says CEO

21/01 French oil and energy group Total is set to publish a good set of annual results, said chief executive Patrick Pouyanne on Monday.. . .  Full story

Dubai property developers put bond plans on hold -sources

21/01 Dubai's Emaar Properties and state-owned developer Nakheel have put plans to issue U.S. dollar-denominated bonds on hold, Emaar and sources familiar with the bond issues said.. . .  Full story

St Gobain hires Goldman to sell building materials group Raab Karcher - sources

21/01 France's Saint Gobain has hired Goldman Sachs to sell its German building materials business as part of an asset disposal plan aimed at raising cash and improving margins, four sources close to the matter told. . .  Full story

Bosnian region raises $11.6 mln via 6-mo T-bills issue at lower yield

21/01 Bosnia's autonomous Serb Republic raised 20 million Bosnian marka ($11.6 million) through an auction of six-month treasury bills on Monday aimed at helping it plug a budget gap, the Banja Luka Stock Exchange said in. . .  Full story

Lithuania LNG port aims to be Baltic hub, double flows

21/01 Lithuania's Klaipeda liquefied natural gas (LNG) import terminal will more than double its LNG volumes once gas pipelines to Poland and Finland open after 2021, turning the Baltic port into a regional supply hub,. . .  Full story

Global FDI skids 19 pct on Trump tax reform, may rebound in 2019 - U.N.

21/01 Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump's tax reforms, the United Nations trade and development agency UNCTAD said on Monday.. . .  Full story

France holds trial of firms accused of selling horse meat as beef

21/01 Two former managers of French meat-processing firm Spanghero and two Dutch meat traders go on trial in Paris on Monday accused of passing off cheap horse meat as pricier beef in ready-made meals and. . .  Full story