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.. . .
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. . .
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.. . .
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. . .
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. . .
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.. . .
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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. . .
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,. . .
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.. . .
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.. . .
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. . .
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. . .
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,. . .
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.. . .
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.. . .
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.. . .
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. . .
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. . .
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. . .
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.. . .
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. . .
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.. . .
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. . .
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. . .
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,. . .
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. . .
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.. . .
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. . .
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.. . .
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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. . .
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.. . .
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.. . .
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. . .
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.. . .
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.. . .
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. . .
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. . .
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. . .
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. . .
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. . .
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. . .
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. . .
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.. . .
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. . .
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.. . .
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. . .
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.. . .
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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. . .
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. . .
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,. . .
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. . .
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. . .
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.. . .
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,. . .
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