News Wire

South African Airways to restructure under 'business rescue'

06/12 South African Airways (SAA) said on Friday it has applied to enter 'business rescue', a form of bankruptcy protection it hopes will save the cash-strapped state carrier from collapse.  Full story

IMF and Ukraine reach staff-level agreement on a new 3-year program

00h40 The International Monetary Fund and Ukraine reached a staff-level agreement on a new $5.5 billion three-year program, the managing director of the IMF said on Saturday.. . .  Full story

UK PM Johnson sees lead over Labour edge up - YouGov poll

07/12 Prime Minister Boris Johnson's Conservative Party has increased its lead slightly over the opposition Labour Party to 10 points, a YouGov poll for The Sunday Times showed ahead of Thursday's national election.. . .  Full story

UK's Conservatives 11 points ahead of Labour before election - Deltapoll

07/12 British Prime Minister Boris Johnson's Conservative Party has an 11-point lead over the opposition Labour Party although its advantage has been cut slightly, a Deltapoll survey for the Mail on Sunday newspaper showed.. . .  Full story

UK PM Johnson's Conservatives keep 15-point lead over Labour - Opinium poll

07/12 British Prime Minister Boris Johnson has retained his 15-point lead over the opposition Labour Party less than a week before a national election, according to a poll by Opinium published on Saturday by The Observer. . .  Full story

Mexico, U.S. 'getting close' on finalizing USMCA - Mexican official

07/12 Mexico's deputy foreign minister for North America said on Saturday that negotiators were making progress on revisions to the United States-Mexico-Canada Agreement (USMCA) trade deal.. . .  Full story

UK PM Johnson's lead over Labour narrows - Savanta ComRes poll

07/12 British Prime Minister Boris Johnson's Conservative Party's lead over the opposition Labour Party has narrowed to eight points from 10 with days to go before Britons vote in a Dec. 12 election, according to. . .  Full story

Proxy adviser ISS opposes plan by Hudson's Bay chairman to take firm private

07/12 Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson's Bay Co to take the Saks Fifth Avenue owner private after the bid was topped by. . .  Full story

M&G suspends a second UK property fund

07/12 M&G's life and pensions arm said it has suspended a 164 million pound property fund, days after the British fund manager froze dealing in its 2.5 billion pound ($3.21 billion) flagship UK property fund.. . .  Full story

U.S. health spending recovers after two slow years: CMS (Dec.5)

07/12 U.S. healthcare spending grew faster in 2018 after two slower growth years, a government health agency reported on Thursday.. . .  Full story

Garuda Indonesia suspends directors linked to Harley Davidson smuggling -commissioner

07/12 Flag carrier PT Garuda Indonesia is suspending directors linked to the alleged smuggling of a Harley Davidson motorbike by its chief executive, the company's chief commissioner said on Saturday.. . .  Full story

BOJ to consider offering bleaker view on output as trade war bites - sources

07/12 The Bank of Japan will consider offering a bleaker assessment on factory output than in October at its rate review this month, sources said, underscoring its concern over the broadening fallout from the. . .  Full story

China's Nov forex reserves ease to $3.096 trillion, focus stays on trade talks

07/12 China's foreign exchange reserves fell $9 billion in November to $3.096 trillion, central bank data showed on Saturday, as Washington and Beijing remained locked in negotiations over an interim trade agreement.. . .  Full story

Trump calls for World Bank to stop loaning to China

07/12 U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington's objections.. . .  Full story

Mexico official lauds progress on trade deal but says work remains

07/12 Mexico's deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators made "good progress" to close the United States-Mexico-Canada Agreement (USMCA) trade deal, but many elements remained to be resolved.. . .  Full story

Saudi energy minister talks OPEC+ unity, backs Aramco to soar

07/12 OPEC and its allies would only ease supply curbs and pump more oil once global crude inventories fall and pricing reflects a tighter market, Saudi Arabia's energy minister told Reuters.. . .  Full story

Colombia launches plan to guarantee sustainable coffee production

07/12 Colombia, the world's top producer of washed arabica, on Friday laid out what it called a road map to guarantee sustainable production of coffee for the next decade, with plans to increase quality and. . .  Full story

China and Mexico to hold high-level trade discussions next week

07/12 A high level delegation of Chinese and Mexican business and government representatives are scheduled to meet in Mexico City on Tuesday and Wednesday to discuss trade and foreign investment, industry executives said.. . .  Full story

Brazil's JBS says U.S. listing would not change headquarters, not aimed at reducing tax rate -filing

07/12 Brazilian meatpacker JBS SA said in a securities filing late on Friday the company is considering a U.S. listing of its international assets but not a change of its headquarters.. . .  Full story

Martin Guzman: Argentine whiz-kid economist and acolyte of Stiglitz

07/12 Argentina's Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the daunting task of reviving Latin America's third. . .  Full story

Snap poll shows UK PM Johnson narrowly won pre-election TV debate

06/12 A snap poll published after a pre-election BBC television debate between Prime Minister Boris Johnson and opposition Labour leader Jeremy Corbyn showed Johnson was narrowly considered to be the winner, Sky News said.. . .  Full story

Stocks rally, dollar gains on robust U.S. jobs data

06/12 The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the. . .  Full story

Wall Street climbs on solid jobs data, trade hopes

06/12 Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.. . .  Full story

End of Poloz era at Bank of Canada may open door to first female governor

06/12 Bank of Canada Governor Stephen Poloz will step down when his seven-year mandate expires in June, the bank said on Friday, and the front-runner to replace him could become the first woman to head. . .  Full story

Brazilian real posts biggest weekly rise in six weeks

06/12 Brazil's real rallied 1% against the dollar on Friday, in its biggest weekly rise in six weeks, as traders continued to buy the currency after it hit a record low last week.. . .  Full story

Dollar shines after blockbuster U.S. jobs report; data backs steady Fed

06/12 The dollar gained on Friday after five straight days of losses, lifted by data showing the U.S. economy created many more jobs than expected in November, backing the Federal Reserve's stance of keeping. . .  Full story

Saudi delivers deeper cuts as OPEC+ oil producers back new pact

06/12 Saudi Arabia spearheaded a deal on Friday that will see the OPEC+ group of oil producers commit to some of the sector's deepest output cuts in a decade aiming to avert oversupply and support. . .  Full story

Oil rises sharply this week as OPEC+ agrees on deeper output cuts

06/12 Oil prices rose more than 1% on Friday and posted sharp weekly gains after OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020.. . .  Full story

Soy futures rise as China offers tariff waivers on some U.S. farm goods

06/12 U.S. soybean futures rose for a fourth consecutive session on Friday as China said it would waive import tariffs for some American farm products, renewing optimism for a possible trade agreement between Washington and Beijing.. . .  Full story

TREASURIES-U.S. Treasury yields jump after non-farm payrolls rise

06/12 U.S. Treasury yields rose on Friday after the Labor Department reported job growth increased by the most in 10 months in November. The benchmark 10-year yield was 4.3 basis points higher. . .  Full story

Trump asks Supreme Court to stop banks from disclosing his financial data

06/12 President Donald Trump, fighting to keep details of his finances secret, asked the U.S. Supreme Court on Friday to prevent records held by Deutsche Bank AG and Capital One Financial Corp from being handed over. . .  Full story

JBS plan for U.S. IPO includes redomiciling -source

06/12 Meatpacker JBS SA's plans for an initial public offering in the United States include redomiciling of its headquarters, one source with knowledge of the matter said on Friday.. . .  Full story

Brazilian real rises as U.S. jobs data fuels LatAm FX rally

06/12 Most Latin American currencies firmed on Friday, with Brazil's real rising to four-week highs, as robust jobs numbers from the United States combined with optimism over Sino-U.S. trade talks to lift sentiment.. . .  Full story

Gold slips 1% after robust U.S. jobs data; palladium soars

06/12 Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would stand pat on interest rates and also boosted demand for riskier assets, while supply-squeezed palladium soared to. . .  Full story

-U.S. oil drillers cut rigs for seventh consecutive week - Baker Hughes

06/12 U.S. energy firms reduced the number of oil rigs operating for a seventh week in a row as year-long declines in the rig count have only curbed growth of record U.S. production, prompting OPEC. . .  Full story

Amazon websites could be added to USTR's 'Notorious Markets' list -WSJ

06/12 The Trump administration is considering putting some of Amazon.com Inc's overseas websites on a list of global marketplaces known for counterfeit goods, the Wall Street Journal https://on.wsj.com/2LtUZOR reported on Friday, citing people familiar with the. . .  Full story

Martín Guzman: Argentine whiz-kid economist and acolyte of Stiglitz

06/12 Argentina's Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the task of reviving Latin America's third largest. . .  Full story

Halliburton lays off 70 employees at Bakersfield plant in California

06/12 Halliburton Co is laying off employees at its Bakersfield plant in California in its latest round of job cuts this year, as the U.S. oilfield services firm struggles with falling profits amid slowing oil. . .  Full story

Strong U.S. job growth showcases economy's resilience

06/12 U.S. job growth increased by the most in 10 months in November as the healthcare industry boosted hiring and production workers at General Motors returned to work after a strike, the strongest sign yet. . .  Full story

3M exploring $1 bln sale of drug delivery systems unit -Bloomberg

06/12 Industrial conglomerate 3M Co is exploring a sale of its drug delivery systems unit, which could fetch around $1 billion, Bloomberg reported on Friday, citing people with knowledge of the matter.. . .  Full story

Alexion Pharma rejects Elliott's push for "proactive sale"

06/12 Alexion Pharmaceuticals Inc said on Friday its board of directors had unanimously rejected hedge fund Elliott Management's push for a "proactive sale" process of the entire company because it would not be in the. . .  Full story

-Austria's AMS hails Osram victory with second $5.1 bln bid

06/12 Austrian sensor specialist AMS said it had succeeded at its second attempt with a 4.6 billion euro ($5.1 billion) bid for Osram on Friday, gaining more than 55% of the German lighting group's shares.. . .  Full story

Citgo quarterly profit jumps on boost from higher refining capacity

06/12 Citgo Petroleum Corp, the U.S. refining unit of Venezuelan state-owned oil company PDVSA, on Friday reported a 76.2% rise in profit for the third quarter, compared with the second, benefiting from increased capacity.. . .  Full story

Argentine debt restructuring expert Guzman to be named economy minister -source

06/12 Argentina's in-coming Peronist government will name Columbia University economist Martin Guzman as economy minister as it grapples with high inflation and a looming debt restructuring, a source with knowledge of the situation told Reuters on. . .  Full story

Trump will make final call on China tariffs, likes direction of talks -Kudlow

06/12 Top White House economic adviser Larry Kudlow said on Friday that a Dec. 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods, but President Donald. . .  Full story

Sensor specialist AMS' bid to buy lighting group Osram

06/12 Austrian sensor specialist AMS succeeded on Friday with its 4.6 billion euro ($5.07 billion) takeover bid for German lighting group Osram at the second attempt, acquiring more than the 55% of shares required.. . .  Full story

Copper rises on U.S. jobs growth and China tariff rollback

06/12 Copper prices rose sharply on Friday after data unexpectedly showed U.S. employment rose at the fastest rate in 10 months in November, suggested the economy was not in danger of stalling.. . .  Full story

Nigeria files fraud charge in bid to overturn nearly $10bln penalty

06/12 Lawyers for the Nigerian government filed "new and substantive" allegations of fraud with a British court on Friday, carrying on a fight against an arbitration award now worth close to $10 billion, a spokesman. . .  Full story

Greek parliament approves tax relief bill aiming to boost growth

06/12 Greece's parliament on Friday approved legislation that cuts taxes for corporations and individuals by about 1.2 billion euros, as part of government measures to attract investments and lighten the burden on taxpayers.. . .  Full story

Latvia fines Baltic International Bank over anti-money laundering controls

06/12 Latvia's financial watchdog said on Friday it had fined Baltic International Bank 1.56 million euros ($1.72 million) for lax anti-money laundering controls.. . .  Full story

UK Conservatives' lead over Labour widens to 9 points - Panelbase poll

06/12 British Prime Minister Boris Johnson's Conservative Party has extended its lead slightly over the opposition Labour Party to nine points, up from eight a week ago, according to a poll by Panelbase.. . .  Full story

French nuclear power generation tumbles 10.9% in November -EDF

06/12 Nuclear power generation in France plunged nearly 11 % year-on-year in November to 29.1 terawatt hour (TWh) state-controlled utility EDF said on Friday, citing a high volume of reactor outages.. . .  Full story

Strong U.S. jobs numbers, trade optimism bolster European shares

06/12 European shares closed higher on Friday, extending gains after impressive U.S. jobs data bolstered sentiment buoyed by positive statements from Washington regarding trade talks with China.. . .  Full story

Eddie Stobart gets lifeline as shareholders back rescue deal

06/12 Eddie Stobart's shareholders on Friday voted in favour of a takeover from top investor DBAY Advisors, allowing the logistics company's green and red trucks to continue trading.. . .  Full story

As unions turn the screws, French PM says pension reform unavoidable

06/12 French Prime Minister Edouard Philippe said on Friday nationwide strikes in the public sector would not weaken his resolve to reform the pension system but promised workers would be spared a brutal transition to. . .  Full story

Additional output cuts pledged by OPEC+ oil producers

06/12 OPEC and non-OPEC oil producers agreed on Friday to deepen their oil output cuts in the first quarter of 2020. Below is a table showing the size of their additionl. . .  Full story

U.S. economy set fair for 2020, provided trade truce holds: Kemp

06/12 Like the rest of the U.S. economy, the labour market is split between sluggish manufacturing and a much stronger services sector, but both appear to have averted falling into recession at the end of. . .  Full story

Deutsche Bank staffers cleared but bank fined in money laundering case

06/12 Frankfurt prosecutors have dropped an investigation into two Deutsche Bank employees accused of aiding tax evasion through a former Virgin Islands unit, although they have fined the lender for compliance lapses.. . .  Full story

FTSE 100 enjoys best day since July

06/12 Banks and miners propelled London's FTSE 100 to its best day in more than four months on Friday as optimism around the Sino-U.S. trade talks rose, but recent mixed signals on prospects of a. . .  Full story

Venezuela govt, opposition weigh giving private oil firms operating rights -sources

06/12 Venezuela's government and opposition have discussed allowing private companies in joint ventures with state oil company PDVSA to operate oil fields themselves, reversing a longstanding requirement that PDVSA control such operations, three people familiar with. . .  Full story

Euro zone bond yields set for biggest weekly rise in a month

06/12 Euro zone bond yields were little changed on Friday, set for their biggest weekly rise in a month, with the focus on U.S.-China trade talks and what a gathering of Germany's Social Democrats could. . .  Full story

What deeper OPEC+ oil output cuts mean for the market

06/12 Saudi Arabia and Russia led a deal on Friday in which OPEC and its allies committed to deeper oil output cuts in the first quarter of 2020 aiming to avert oversupply and support prices.. . .  Full story

French SNCF says railway traffic will still be disrupted Monday

06/12 French railways company SNCF said on Friday it expected rail traffic would still be heavily disrupted on Monday, based on statements from transport unions.. . .  Full story

Italy's watchdog suspends CHL shares over alleged irregularities

06/12 Italy's market watchdog said on Friday it had decided to temporarily suspend trading in shares of information technology and e-commerce group CHL after finding alleged irregularities and possible market abuse.. . .  Full story

South Africa's rand steady shielded by trade deal optimism

06/12 South Africa's rand was barely changed in late trade on Friday, with fresh optimism over Sino-U.S. trade talks helping the currency to weather stronger employment numbers from the United States.. . .  Full story

Petrobras CEO says too early to make carbon commitment

06/12 The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday it was too early to commit to a climate target and that energy companies had a range of thoughts on. . .  Full story

Italy's Popolare di Bari aims to approve new capital plan in next 2 weeks

06/12 Unlisted Italian cooperative lender Popolare di Bari said on Friday it aimed to approve in the next two weeks a business and capital plan, which will pave the way for a rescue by the. . .  Full story

TSX rises on energy boost as OPEC+ agrees to output cuts

06/12 Canada's main stock index rose on Friday, boosted by energy shares after OPEC and its allies agreed to supply cuts, while upbeat comments from U.S. President Donald Trump on a trade deal with China. . .  Full story

Wall St Week Ahead-Tariff deadline keeps focus on trade as 2019 draws to close

06/12 The stock market looks set to end 2019 the way it began the year -- highly sensitive to headlines from President Donald Trump's global trade war.. . .  Full story

Aston Martin not actively pursuing new investors as opens SUV plant

06/12 Aston Martin, which was reported this week to be the target of Canadian billionaire Lawrence Stroll, said it was not actively pursuing new investors on Friday as it opened a new factory to build. . .  Full story

U.S. October wholesale inventories revised down

06/12 U.S. wholesale inventories rebounded less than initially estimated in October, with apparel stocks dropping by the most in three years, suggesting that inventory investment could be a drag on fourth-quarter economic growth.. . .  Full story

Bayer reaches agreement to postpone more glyphosate lawsuits for settlement talks

06/12 Germany's Bayer has agreed with plaintiffs to postpone its next two U.S. lawsuits over the alleged cancer-causing effects of its glyphosate-based weed killers to allow more time for talks on a settlement.. . .  Full story

EU to consider tougher tax haven listing

06/12 A group of European Union countries is calling for the bloc to cast a wider net when listing tax havens and to consider imposing stricter sanctions for countries facilitating tax avoidance, according to an. . .  Full story

Canadian dollar slides as jobs decline revives rate cut bets

06/12 The Canadian dollar weakened against its U.S. counterpart on Friday, paring some of this week's gains after data showing a surprise slump in domestic jobs raised expectations for a Bank of Canada interest rate. . .  Full story

Baltic index falls as capesize demand slips

06/12 The Baltic Exchange's main sea freight index fell on Friday weighed by weaker capesize demand, but the index ended the week up 2% on higher rates across the panamax and supramax segments.. . .  Full story

China's SenseTime expects $750 mln 2019 revenue despite U.S. ban -sources

06/12 Chinese artificial intelligence (AI) start-up SenseTime, which Washington put on a trade blacklist in October, expects its 2019 revenue to increase by more than 200% year-on-year to around $750 million, two sources familiar with the. . .  Full story

Trade war goes digital: countries eye tariffs on Internet economy

06/12 A 20-year global moratorium on imposing tariffs on digital trade could end next week if India or South Africa makes good on threats, according to trade officials and documents, potentially forcing people to pay duties. . .  Full story

Mexican auto output, exports stumble in November

06/12 Mexican auto exports and output posted a sharp dip in November compared to the same month last year, data from the national statistics agency showed on Friday.. . .  Full story

Blackstone awaits Unizo response on $1.6 bln buyout proposal

06/12 Blackstone Group said on Friday it is waiting for Japanese hotel operator Unizo Holdings to respond to its $1.6 billion takeover proposal.. . .  Full story

Take Five: Euphoria to despair and back again

06/12 1/ELECTION NIGHT FEVER More than three years after Britons narrowly voted to leave the European Union, the Dec. 12 general election will effectively offer them another vote on how they want Brexit to proceed. . .  Full story

Euro zone banks repay 147 bln euros in ECB loans before new auction

06/12 Euro zone banks are set to repay 146.8 billion euro worth of multi-year loans to the European Central Bank ahead of schedule, the ECB said on Friday, in a move likely designed to make. . .  Full story

Britain's Phoenix to buy Swiss Re's ReAssure business for $4.1 bln

06/12 Phoenix Group Holdings has agreed to buy the British ReAssure business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer's biggest deal to date as it bulks. . .  Full story

GFG agrees to buy Duffel aluminium plant in Belgium from Novelis

06/12 GFG Alliance, owned by British commodities tycoon Sanjeev Gupta, has agreed to buy the Duffel aluminium plant in Belgium from Novelis, the group said on Friday.. . .  Full story

Saudi Aramco shares to start trading Dec. 11 - Tadawul exchange

06/12 Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.. . .  Full story

Asia Gold-India sees only modest demand from weddings, slight uptick in China

06/12 Demand for physical gold was moderate in India this week due to lower than usual wedding season buying, while top consumer China saw increased activity as wholesalers cleared out inventories into the year-end.. . .  Full story

Swiss approve insurance cover for Novartis, Gilead cell therapies

06/12 The Swiss government approved on Friday health insurance coverage for CAR-T cell therapies from Novartis and Gilead Sciences, which can cost hundreds of thousands of dollars per patient.. . .  Full story

Ukraine cenbank expected to cut key interest rate as inflation slows

06/12 Ukraine's annual inflation slowed further in November, nearing the central bank's target in a trend likely to prompt the central bank to cut its key interest rate next week, a Reuters monthly poll of. . .  Full story

Sri Lanka shares fall for 3rd session; rupee gains

06/12 Sri Lankan shares closed weaker for third straight session on Friday, weighed down by foreign sell-offs and profit-taking, while the rupee ended firmer.. . .  Full story

3i Infrastructure sells $250 mln in British assets, eyes European sale

06/12 Investment firm 3i Infrastructure said on Friday it would sell its projects portfolio in Britain to a range of buyers, including funds managed by Dalmore, Semperian and Innisfree for about 194 million pounds ($248.90 million).. . .  Full story

Germany ups anti-swine fever measures after case close to border

06/12 Germany said on Friday it was stepping up measures to prevent an outbreak of African swine fever (ASF) after a case was discovered in a wild boar in Poland, 40 km (25 miles) from. . .  Full story

China's Dongfeng plans partial sale of PSA stake - sources

06/12 China's Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker's planned. . .  Full story

Fed voters a less-hawkish bunch in 2020, lowering bar for U.S. rate cut

06/12 The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve's policy-setting panel as part of. . .  Full story

Remembrance Lake: In Japan, climate change unravels 600 years of history held dear

06/12 Kiyoshi Miyasaka climbs the stone steps of his shrine, autumn leaves crunching under his feet. The Shinto priest, dressed in white, aims an orange leaf blower at a row of cobblestones and clears the. . .  Full story

Santander Brasil revamps investment banking with new hires

06/12 Banco Santander Brasil is making new hires as part of a revamp of its investment banking business in an effort to gain market share.. . .  Full story

China-built Tesla cars secure new energy vehicle subsidies

06/12 Tesla Inc said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker's push into the world's biggest auto market.. . .  Full story

France rejects U.S. proposal on international tax reform

06/12 France rejects a U.S. idea for companies to opt out of a proposed international tax reform, Finance Minister Bruno Le Maire said on Friday, urging Washington to negotiate in good faith.. . .  Full story

French unions call for new day of action on Dec 10

06/12 French unions have called for a new day of strikes and demonstrations against the government's pension reform plans on Tuesday, Dec. 10, a representative of CGT union said on Friday.. . .  Full story

Asia Distillates-Jet fuel cracks post second straight weekly gain

06/12 Asian refining margins for jet fuel rose on Friday, posting their second straight weekly increase, amid expectations for winter heating demand for closely related kerosene. Refining margins, also known as. . .  Full story

Brazil attending as observer at OPEC+ oil producers meeting -Venezuelan minister

06/12 Brazil is participating as an observer at a meeting of OPEC and non-OPEC oil producers, the so-called OPEC+, in Vienna on Friday, Venezuelan Oil Minister Manuel Quevedo said in a speech opening the meeting.. . .  Full story

UK Conservative lead over Labour narrows to 12 points: Ipsos MORI poll

06/12 British Prime Minister Boris Johnson holds a 12-point lead over the opposition Labour Party, narrowing from two weeks ago, an Ipsos MORI poll for the Evening Standard newspaper showed on Friday.. . .  Full story

SE Asia Stocks-Most rise on Sino-U.S. trade deal hopes

06/12 Most Southeast Asian stock markets ended higher on Friday, following hopes of a preliminary Sino-U.S. trade deal after upbeat comments by the Trump administration. U.S. President Donald Trump said on. . .  Full story

Poland's PKN Orlen plunges, currencies continue rebound

06/12 Shares in PKN Orlen fell on Friday after Poland's biggest refiner surprised investors with a plan to take over state utility Energa to strengthen its position in the electricity market.. . .  Full story

Italy's economic growth set to remain weak in near term - ISTAT

06/12 Italy's economy is likely to remain weak in the near term, national statistics bureau ISTAT said on Friday, citing its leading indicator for November.. . .  Full story

Indonesia fines Garuda after CEO fired over smuggled Harley Davidson

06/12 Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorcycle onboard a new plane, state news agency Antara cited the transport. . .  Full story