News Wire

African banks to fund construction of world’s biggest marine diamond mining vessel

15h34 Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers.  Full story

UAW opposes Trump proposal to freeze fuel rules at 2020 levels -testimony

21h02 The United Auto Workers (UAW) will tell Congress on Thursday the union opposes the Trump administration's proposal to freeze fuel efficiency requirements at 2020 levels through 2026, according to written testimony.. . .  Full story

Wall Street climbs after Fed signals potential rate cuts

21h01 Wall Street rose on Wednesday after the Federal Reserve held interest rates steady and signaled potential cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.. . .  Full story

Dollar drops after Fed holds rates steady, risk assets gain

20h53 The dollar weakened on Wednesday and risk assets benefited after the U.S. Federal Reserve announced it held interest rates steady in June, but signaled a possible rate cut by the end of the year.. . .  Full story

Lloyd's to meet with insurers AIG, Chubb to boost U.S. business -CEO

20h49 Lloyd's of London Ltd is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday.. . .  Full story

Stocks gain, yields lower after Fed signals possible rate cuts

20h47 A gauge of global stock markets added to gains on Wednesday and benchmark U.S. Treasury yields and the U.S. dollar fell after the U.S. Federal Reserve signaled possible rate cuts of as much as. . .  Full story

What is Slack?

20h35 Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of the more popular initial public offering route.. . .  Full story

U.S. yields fall after Fed signals rate cuts this year

20h32 U.S. Treasury yields turned lower on Wednesday after the Federal Reserve held interest rates steady, as expected, but flagged possible rate cuts of as much as half a percentage point later this year.. . .  Full story

Staff evacuated as rocket strikes near foreign oil firms in Iraq

20h29 A rocket hit a site in southern Iraq used by foreign oil companies on Wednesday, including U.S. energy giant ExxonMobil, wounding three people and threatening to further escalate U.S.-Iran tensions in the region.. . .  Full story

French ASN orders EDF to fix weldings on Flamanville nuclear reactor

20h28 French nuclear regulator ASN said in a statement on Wednesday that utilitiy EDF will have to repair eight faulty weldings that traverse the containment vessel at the nuclear reactor EDF is building in Flamanville, northern. . .  Full story

U.S. refiner Phillips 66 enters offshore oil export race

20h25 U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, the company said on Wednesday, challenging at least eight other projects aiming to send U.S. shale oil. . .  Full story

Oil prices mostly steady despite U.S. crude stock draw

20h15 Oil futures were little changed on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a slump in equities.. . .  Full story

U.S. tells India it is mulling caps on H-1B visas to deter data rules-sources

20h11 The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening. . .  Full story

Fed holds rates steady, signals cuts possible later this year

20h09 The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased. . .  Full story

U.S. targets Russian firm for allegedly helping N.Korea evade sanctions

20h00 The United States has sanctioned a Russian financial institution for allegedly helping North Korea evade financial sanctions by assisting a company linked to Pyongyang's primary foreign exchange bank, the U.S. Treasury Department said on Wednesday.. . .  Full story

Italy coalition drafts bill to reform central bank's management

19h59 Italy's coalition has drawn up a bill aimed at giving the government and parliament the right to name the central bank's five-member board, ending the current system by which appointments are made mainly internally.. . .  Full story

U.S. Gulf gasoline glut sparks rare tanker voyage to Australia

19h58 A gasoline cargo is set to make a rare voyage to Australia from the U.S. Gulf Coast as swelling stockpiles have suppressed regional prices, opening up this unusual arbitrage opportunity, sources familiar with the matter. . .  Full story

Airbus grabs China Airlines narrow-body jet order

19h47 Airbus unveiled an aircraft deal with Taiwan's China Airlines on Wednesday, snatching the carrier's medium-haul fleet renewal from Boeing a day after its U.S. rival made a shock entry into the single-aisle fleet of British. . .  Full story

Momentum builds for EU leaders to agree carbon neutral 2050 pledge at summit

19h45 A push by Germany, France and other EU nations for the bloc to go carbon neutral by mid-century looks likely to be endorsed by EU leaders on Thursday, despite resistance from eastern European nations worried. . .  Full story

Britain's bankers call for more support, tax cuts after Brexit

19h45 Britain should create a new body to promote a positive "vision" for banking and cut taxes on the industry after failing to support the sector adequately ahead of Brexit, banking trade body UK Finance's. . .  Full story

GSK kicks off sale of $1.2 bln consumer health drugs -sources

19h26 GlaxoSmithKline (GSK) has kicked off the sale of some consumer health brands as it seeks to raise about 1 billion pounds ($1.26 billion) before pressing ahead with a spinoff of its consumer healthcare business, sources. . .  Full story

Britain's Lord Myners urges UK to investigate GAM-Greensill fund

19h14 A member of Britain's House of Lords said on Wednesday that the UK financial regulator should investigate the GAM Greensill Supply Chain Finance Fund in relation to the pricing of investments and activities of. . .  Full story

Czech owners of Skoda, VW cars qualify for $23 mln compensation, court says

19h09 A Prague district court has ruled that a number of Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW's diesel emissions scandal, the ruling seen. . .  Full story

Gold steadies on the face of awaited FOMC statement

19h09 Gold prices steadied on Wednesday as investors awaited the U.S. Federal Reserve's statement later in the session for cues on its interest rate outlook.. . .  Full story

EU summit draft conclusions back call for carbon neutrality by 2050

19h05 European Union leaders may agree to back going carbon neutral by 2050 on Thursday, according to language in the latest draft conclusions for their summit seen by Reuters.. . .  Full story

Copper holds near 3-week highs on trade talk optimism

19h04 Copper prices stayed near three-week highs on Wednesday on hopes that renewed talks between China and the United States will defuse a trade dispute that investors fear will damage economic growth and metals demand.. . .  Full story

Winners and losers in Trump's trade war with China

19h01 U.S. companies in everything from computer chips to tractors have said President Donald Trump's trade wars, including disputes with Beijing and global steel tariffs, have had an impact on them.. . .  Full story

Senior U.S.-Chinese trade negotiators to confer before Trump-Xi G20 meeting

18h55 The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and he expects to confer with a senior Chinese. . .  Full story

Italy central bank chief says bond spread is ridiculous

18h53 Italy's central bank chief, Ignazio Visco, described the difference between Italian and German sovereign bond yields as ridiculous, saying it reflected unfounded fears that Rome could fail to repay its debts or might exit from. . .  Full story

Hungarian IT firm 4iG eyes acquisitions to expand - CEO

18h39 Hungarian information technology firm 4iG plans to grow through debt-fuelled acquisitions in the central European region, its CEO and largest shareholder Gellert Jaszai told Reuters on Wednesday.. . .  Full story

Investors rush into U.S. bond funds as trade wars weigh on confidence

18h31 Concerns about a weakening global economy prompted investors to send nearly $11.9 billion into U.S. taxable and municipal bond mutual funds and exchange-traded funds last week, the largest net inflows of any week since February,. . .  Full story

Miners, strong sterling drag down FTSE 100

18h28 Britain's main index slipped on Wednesday, weighed down by miners after Rio Tinto cut its forecast for shipments from an Australian region, while sterling's gains ahead of Bank of England meeting dragged down exporters.. . .  Full story

Privatisation of Slovenia's Abanka will see it merge with domestic rival

18h24 Slovenia said on Wednesday that its second biggest bank Nova KBM (NKBM) will buy the country's No. 3 lender Abanka after submitting the winning bid in a scheme to privatise the lender.. . .  Full story

CEOs of some U.S. firms to meet Chinese Premier Li this week - Bloomberg

18h23 Top executives of at least five U.S. companies are scheduled to meet Chinese Premier Li Keqiang this week, Bloomberg reported on Wednesday, citing people familiar with the matter.. . .  Full story

U.S. fund Apollo presents rescue plan for Italy's Carige-sources

18h22 U.S. private equity fund Apollo Global Management has presented a draft rescue plan for Italy's troubled bank Carige, three sources close to the matter said.. . .  Full story

European stocks tread water, all eyes on Fed

18h13 European stock markets closed little changed on Wednesday in anticipation of the U.S. Federal Reserve policy statement, a day after European Central Bank's dovish calls raised hopes of a more accommodative Fed.. . .  Full story

Calm returns to euro zone bond markets after Draghi storm

18h12 Euro zone bond yields rose on Wednesday, with a degree of calm returning to markets a day after a surprise hint from ECB chief Mario Draghi of more stimulus triggered the biggest one-day fall. . .  Full story

Macron to discuss Renault/Nissan with Japan's Abe next week - Elysee official

18h09 French President Emmanuel Macron will discuss the situation regarding the alliance between carmakers Renault and Nissan with Japanese Prime Minister Shinzo Abe next week, said an official at Macron's Elysee office.. . .  Full story

Sterling rises for a second day before central bank meeting

17h38 The pound rallied more than half a percent on Wednesday as investors trimmed their short bets before the Bank of England's policy meeting on Thursday where it may strike a relatively more confident tone. . .  Full story

U.S. oil stockpiles fall across the board, crude more than expected -EIA

17h29 U.S. oil stockpiles fell across the board last week, with crude inventories dropping more than expected and refined products posting surprise drawdowns due to a rise in refining and crude exports, and drop in. . .  Full story

Detained U.S. investor loses control of Russia's Vostochny Bank

17h28 Russian private equity fund Baring Vostok said on Wednesday it has ceded a 9.99% stake in Vostochny Bank to the lender's other big shareholder following a legal battle, meaning it is no longer the. . .  Full story

Timeline of EU disciplinary procedure over Italy's debt

17h27 The European Commission has asked Italy to adopt new measures to cut its growing public debt and avoid an EU disciplinary action that could lead to financial sanctions and stricter oversight of the country's. . .  Full story

Argentina storms to delay wheat planting, should not affect overall season - weather experts

17h23 Heavy storms that have hit eastern Argentina over the past few days will cause delays in planting of next season's wheat crop, though should not affect the size of the area expected to be. . .  Full story

Markets see long fight ahead as ECB battles low inflation expectations

17h16 Mario Draghi's dramatic Tuesday hints of further monetary easing by the European Central Bank has stabilized collapsing euro zone inflation expectations, but the departing ECB chief will struggle to calm market fears of Japan-style economic. . .  Full story

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply

17h16 Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper. . .  Full story

PPC seeks capacity mechanism from EU for Greek coal unit

17h13 Greece's Public Power Corp (PPC) said on Wednesday that a 1.4 billion euro ($1.6 billion) coal-fired plant project is at risk without a capacity remuneration mechanism, following a jump in carbon emissions costs.. . .  Full story

Who pays Trump's tariffs, China or U.S. customers and companies?

17h13 U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.. . .  Full story

Airbus fights back with big name buyers after Boeing's MAX showstopper

17h05 Airbus sealed deals with big name buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back from the potential loss of a major customer a day earlier when IAG placed a. . .  Full story

India plans to exempt electric vehicles from registration fee

16h52 India has issued draft rules to exempt electric vehicles from paying registration fee, the government said in a statement on Wednesday, as it looks to cut its dependence on fossil fuels.. . .  Full story

U.S. dependence on China's rare earth: Trade war vulnerability

16h46 Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.. . .  Full story

U.S. trade chief expects to meet China's vice premier ahead of G20

16h30 The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.. . .  Full story

Global economic slowdown hits oil consumption: Kemp

16h30 Global oil consumption rose last year at the slowest rate since 2014, as higher prices and broad deceleration in manufacturing activity and freight movements took their toll on fuel use and petrochemicals.. . .  Full story

Deutsche Bank seeks to shed risky assets as part of overhaul - sources

16h30 Deutsche Bank is aiming to cut up to a quarter of its riskiest assets in the next few years, people familiar with the matter said, shedding more light on how the German lender is. . .  Full story

TSX flat ahead of U.S. Fed statement

16h28 Canada's main stock index was subdued on Wednesday, as investors adopted a cautious approach ahead of the Federal Reserve's policy statement that could open the door to future interest rate cuts.. . .  Full story

U.S.-China trade war - the levers they can pull

16h27 The trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground. U.S. President Donald Trump and Chinese. . .  Full story

Can European steel forge a strategy to withstand U.S. tariffs?

16h25 Steelmakers in Europe have been hit by falling demand and rising supply as auto-sector consumption has fallen and U.S. steel tariffs have disrupted shipments.. . .  Full story

Turkish opposition questions credibility of inflation data

16h18 Turkey's main opposition party filed a motion to parliament on Wednesday saying that adjustments to the methodology used by Turkey's Statistical Institute (TUIK) when calculating inflation were unprecedented and damaged credibility.. . .  Full story

Barclays names Gruber as chemicals head for Europe and Middle East - source

16h13 Barclays has named Gabriel Gruber as the new head of its chemicals banking team for Europe and the Middle East as it seeks to win more business after advising the likes of Evonik on. . .  Full story

Turkey fights on several fronts to defend lira

16h10 Turkey has marshalled its state lenders and central bank to curb a selloff in the lira since late March that echoed last year's full-blown currency crisis, which tipped the Turkish economy into recession.. . .  Full story

Harley-Davidson strikes deal to build smaller bike in China

16h08 Harley-Davidson Inc will partner with China's Qianjiang Motorcycle Co to build a new smaller motorcycle than its trademark "big hogs", making good on promises to move more production outside the United States that have angered. . .  Full story

U.S. House Speaker Pelosi blasts Trump pressure on Fed over interest rates

15h54 The U.S. Federal Reserve should be independent and not under the influence of President Donald Trump in setting monetary policy, House of Representatives Speaker Nancy Pelosi said on Wednesday.. . .  Full story

Loonie rallies as hotter inflation clips rate cut bets

15h50 The Canadian dollar strengthened to a five-day high against its U.S. counterpart on Wednesday, as investors reduced bets on a Bank of Canada interest rate cut this year after domestic data showing greater-than-expected inflation.. . .  Full story

Latam FX weaken ahead of Fed, Brazil central bank rate decisions

15h49 Most Latin American currencies retreated on Wednesday ahead of the U.S. Federal Reserve's policy statement, while investor anticipation regarding Brazil's central bank meeting added pressure on the real. In its statement. . .  Full story

Will China dump U.S. bonds as a trade weapon? Not so fast

15h44 The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in retaliation for the. . .  Full story

-Britain's Clydesdale bank commits to Virgin Money rebrand, more cost cutting

15h40 Clydesdale and Yorkshire Banking Group has laid out plans to challenge Britain's big banks, betting that a re-brand as Virgin Money and growth in business banking will help it shake up the market.. . .  Full story

Nearly 300,000 Hargreaves Lansdown clients exposed to Woodford fund

15h39 British investment platform Hargreaves Lansdown said nearly a quarter of its clients are exposed to Neil Woodford's suspended fund, piling further pressure on the company for heavily backing the fund since it was launched.. . .  Full story

United States aims to reshape the critical minerals world: Andy Home

15h37 The United States has laid out its strategy to rebuild collapsed domestic supply chains for metals and minerals deemed "critical" to its defence and manufacturing sectors.. . .  Full story

U.S. House Speaker Pelosi cites key problems in way of USMCA trade pact approval

15h33 U.S. House of Representatives Speaker Nancy Pelosi on Wednesday outlined several key impediments to congressional approval of a U.S.-Mexico-Canada trade agreement, as Canadian Prime Minister Justin Trudeau was set to arrive in Washington to push. . .  Full story

AustralianSuper eyes overseas infrastructure, property, private debt - CIO

15h33 Australia's largest pension scheme, AustralianSuper, plans to increase the portion of its portfolio invested in unlisted assets to around 30% from 20% over the next three years, its investment chief told Reuters.. . .  Full story

U.S. foreign arms sales hit $44.15 bln in first three quarters of FY2019

15h28 The Pentagon's Defense Security Cooperation Agency (DSCA) has executed $44.15 billion in U.S. foreign arms sales through June 19, and the agency's director said he was optimistic the total for the full year would. . .  Full story

Draghi may just have tied hands of successor

15h24 Mario Draghi is seeing out the final weeks of his tenure in charge of the European Central Bank, but his overt hint of more stimulus to come could mean his influence is felt on. . .  Full story

Britain says Russia must cooperate fully with MH17 prosecution

15h13 Britain said Russia must cooperate fully with the murder prosecution of three Russians and a Ukrainian for downing Malaysia Airlines flight MH17 over eastern Ukraine in July 2014, killing 298 people including 10 Britons.. . .  Full story

New chairman pledges to 'clean' scandal-hit Swedbank

15h13 Swedbank shareholders elected Goran Persson as chairman on Wednesday, with the former Swedish Prime Minister pledging to "clean the house" after a money-laundering scandal.. . .  Full story

Italy says will respect EU budget rules but fight to change them

15h11 Italy will respect European Union fiscal rules but will fight to change them to allow more public investment and stronger growth, Prime Minister Giuseppe Conte said on Wednesday, as Rome struggles to avoid EU. . .  Full story

India's HDFC to buy Apollo Munich Health Insurance

15h07 Housing Development Finance Corp Ltd (HDFC) on Wednesday said it will buy a 51.2% stake in Apollo Hospital Group's joint venture, Apollo Munich Health Insurance Company for 13.47 billion rupees ($193.40 million).. . .  Full story

Chinese firms plan rare earth manufacturing hub in Hebei

15h06 A group of Chinese firms have jointly established a rare earths innovation centre in the country's Hebei province as part of a plan to develop a manufacturing base in the region, according to the. . .  Full story

OPEC wrangle over meeting date exposes deepening Saudi-Iran rift

15h01 OPEC's month-long wrangle over a date for its next meeting has highlighted a changing dynamic in the group with decisions increasingly driven by long-time leader Saudi Arabia in tandem with non-OPEC Russia, angering member states. . .  Full story

ECB's Weidmann appears to drop opposition to OMT amid race to succeed Draghi

14h28 European Central Bank policymaker Jens Weidmann appeared to drop his opposition on Wednesday to an ECB programme of government bond purchases announced during the euro zone debt crisis, as he sought to improve his position. . .  Full story

Indonesia to restore 200,000 hectares of peatland this year

14h28 Indonesia's Peatland Restoration Agency said on Wednesday that it aims to restore 200,000 hectares of peatland in 2019, as it races to reach a 1 million hectare restoration target by the end of next. . .  Full story

French spirits sales hit by "yellow vest" protests last year

14h13 Sales of spirits in France fell last year, hurt by "yellow vest" anti-government protests that were at their peak during the end of the year period that accounts for a bulk of sales, French. . .  Full story

Rio Tinto cuts iron ore shipments forecast from hub in Pilbara region

14h13 Rio Tinto Ltd said on Wednesday it was experiencing iron ore mine operational problems, particularly in the Greater Brockman hub in the Pilbara region in Australia, leading the miner to cut its shipments forecast. . .  Full story

-Apple explores moving 15-30% of production capacity from China - Nikkei

14h12 Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain,. . .  Full story

German government spokeswoman declines to comment on Draghi's stimulus hint

14h04 A German government spokeswoman on Tuesday declined to comment on remarks by Mario Draghi that the European Central Bank would ease policy again if inflation fails to accelerate.. . .  Full story

Britain's Tesco says no timetable for 'finest' store launch

14h01 Tesco, Britain's biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where a pilot will be launched.. . .  Full story

Watchdogs seek "demonstrable progress" from Lloyd's of London on harassment-BoE

13h55 Britain's financial regulators are looking for "demonstrable progress" in the way the Lloyd's of London commercial insurance market deals with harassment, a Bank of England official said on Wednesday.. . .  Full story

UK factory orders slide in June as Brexit uncertainty weighs -CBI

13h54 British factory orders slid in June against a backdrop of Brexit uncertainty, and manufacturing output in the second quarter looks on course for its weakest performance in three years, the Confederation of British Industry said. . .  Full story

Sri Lanka stocks at more than 6-week high on foreign buying; rupee gains

13h48 Sri Lankan shares closed at a more than six-week high on Wednesday, boosted by foreign inflows into equities, while the rupee ended slightly firmer on dollar sales by exporters. ** The benchmark stock index ended. . .  Full story

Spain's Bankia expects 2019 core profit growth on stable loan book

13h33 Spain's state-owned Bankia said on Wednesday it expects significant core profit growth this year, as it stuck to a net profit target of 1.3 billion euros ($1.46 billion) for 2020 despite ultra-low interest rates.. . .  Full story

China cabinet says will stabilise investment growth

13h29 China will stabilise investment growth and avoid duplicate investment projects, state radio quoted the cabinet as saying on Wednesday.. . .  Full story

Chinese worker killed in clashes at Bangladesh power plant

13h23 Clashes erupted between Bangladeshi and Chinese construction workers at a Chinese-funded power station in southern Bangladesh on Wednesday in which a Chinese worker was killed, the manager said.. . .  Full story

Electric planes start small as industry wrestles with emissions

13h18 An all-electric commuter plane and a small Airbus-backed hybrid are among aircraft programmes being touted at the Paris Airshow, as the industry tries to convince a sceptical public it can deliver on a. . .  Full story

Corn eases again as impact of spring deluge assessed

13h16 Chicago corn fell for a second session on Wednesday, pulling away from a five-year high struck at the start of the week as investors assessed the consequences of a rain-disrupted U.S. planting campaign that. . .  Full story

German conservative criticises Draghi's "alarming" policy comments

13h00 A senior lawmaker from Chancellor Angela Merkel's conservative bloc on Wednesday accused ECB President Mario Draghi of sending an "alarming" signal about future euro zone monetary policy, essentially tying his successor's hands.. . .  Full story

China snub, drought and debt shake finances of Canada's farmers

13h00 For years, the financial stability of Canadian farmers was the envy of their American counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines.. . .  Full story

Wizz Air CEO looks to connect the dots with new long-range A321s

12h39 Wizz Air will use 20 new extended-range, narrow body Airbus jets primarily to connect existing destinations in its disparate network rather than to fly to new places, the budget airline's Chief Executive Jozsef Varadi said. . .  Full story

Eurofighter, NATO launch studies on long-term evolution of fighter

12h33 The countries and companies behind Europe's Eurofighter Typhoon fighter jet have agreed to spend 53.7 million euros ($60.2 million) to study the long-term evolution of the advanced fighter jet and its engine, they said on. . .  Full story

China launches anti-dumping investigation into synthetic rubber product

12h31 China's Commerce Ministry said on Wednesday it is launching an anti-dumping investigation imports of a synthetic rubber product from the United States, South Korea and the European Union following a request from major petrochemical producers.. . .  Full story

Britain's Lloyds Bank boss defends pension perks

12h14 Lloyds Banking Group Chief Executive Antonio Horta-Osorio on Wednesday told lawmakers his pension and pay are in line with the market rate, amid widening scrutiny of the gap between bosses' and ordinary workers' pensions in. . .  Full story

Voestalpine wins 10-year contract with engine maker Rolls-Royce

12h01 Specialty steelmaker Voestalpine on Wednesday said it had agreed a 10-year deal to supply Rolls-Royce with materials for use in engine disks, landing its biggest contract so far in the engine segment.. . .  Full story

Polish bank to fire up to half of its staff

11h59 Polish mid-tier lender Idea Bank SA plans to cut its workforce by half this year to cut costs and boost profits, it said on Wednesday.. . .  Full story