Europe Business

Canadian regulator to fine Glencore-controlled miner over Congo - WSJ

12h14 A Glencore-controlled <GLEN.L> mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported.  Full story

SSE weighs options as Innogy UK retail merger collapses

14h39 SSE and Innogy scrapped plans to merge their British energy retail operations on Monday after the industry regulator proposed a cap on consumer bills, leaving SSE searching for new options for its struggling business.. . .  Full story

Thyssenkrupp steel boss Goss to lead joint venture with Tata Steel

14h31 Germany's Thyssenkrupp and India's Tata Steel on Monday named the top management of their planned European joint venture, ending months of uncertainty over who will join the entity's leadership.. . .  Full story

Dutch economic growth to slow to 1.7 pct in 2019 - central bank

14h25 Economic growth in the Netherlands will be slower than earlier expected in the coming years, as international trade weakens and businesses find it increasingly hard to recruit new staff, the Dutch central bank (DNB) said. . .  Full story

Italian, French bonds diverge as political worries shift from Rome to Paris

14h16 Italian bond yields remained near recent lows on Monday as chances of a rapprochement with the European Union grew, but French borrowing costs rose as "yellow vest" protests rumbled on in Paris over the. . .  Full story

Italy judge says evidence shows Eni, Shell knew of Nigerian graft

14h01 An Italian judge found on Monday that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.. . .  Full story

Burnout, stress lead more companies to try a four-day work week

14h00 Work four days a week, but get paid for five?. . .  Full story

ASOS profit warning spreads Christmas retail gloom

13h57 Online fashion group ASOS fuelled a Christmas crisis in Britain's retail industry with a profit warning highlighting a major downturn in trading last month, sending its shares 39 percent lower and unnerving rivals.. . .  Full story

EU Commission says still in talks with Italy over budget

13h45 The European Commission is still talking with the Italian government over Italy's budget for next year, a spokesman said on Monday, declining to clarify whether recent tweaks decided by Rome were sufficient to avert. . .  Full story

Copper slips on concern about weaker growth, demand

13h45 Copper and most other base metals slipped on Monday on worries that weaker global growth will curb demand, but many investors were on the sidelines ahead of key economic meetings in China and the. . .  Full story

EU grants six-month reprieve to Swiss exchanges, wants new treaty

13h41 The European Commission said on Monday it would allow Swiss stock exchanges to retain access to the EU market until the end of June, when it expects a new treaty with Switzerland to have. . .  Full story

Bulgarian Energy Holding fined 77 mln euros for blocking gas rivals

13h38 State-owned Bulgarian Energy Holding (BEH) was fined 77 million euros ($87.3 million) by EU antitrust regulators on Monday for blocking rivals' access to key gas infrastructure in Bulgaria over a five-year period to 2015.. . .  Full story

Eni says to analyse Italian judge's comments in Nigeria case

13h25 Italian oil company Eni said on Monday it would analyse a Milan judge's comments in which she concluded that it was fully aware that its 2011 purchase of a Nigerian oilfield would result in. . .  Full story

Gold firms as dollar eases, markets brace for Fed

13h08 Gold firmed on Monday as the dollar eased from near 18-month highs, adding to bullion's appeal among holders of other currencies, with investors looking to a U.S. Federal Reserve meeting for clues on interest. . .  Full story

China's HBIS to invest in $4.4 bln steel project in Philippines

13h06 HBIS Group, China's second-biggest steelmaker, has signed a memorandum of understanding on a $4.4 billion project in the Philippines that will eventually produce 8 million tonnes of steel per year, according to Chinese state media. . .  Full story

Bulgaria's jobless rate edges up to 6.0 pct in November

13h01 Bulgaria's unemployment rate edged up to 6.0 percent in November from 5.9 percent in the previous month as seasonal job opportunities decreased with the onset of winter, data from the state employment agency showed. . .  Full story

German car industry may take longer to rebound from slump: Bundesbank

13h00 Germany's dominant car industry may take longer than feared to recover from a slump, weighing on growth in the euro zone's biggest economy, the Bundesbank said in a monthly economic report on Monday.. . .  Full story

Belgian economy set steadily to slow - central bank

12h58 Belgium's economy, the sixth largest in the euro zone and one of its most open, will slow over the coming years, principally due to weaker global growth, the country's central bank said on Monday.. . .  Full story

StanChart to take $160 mln charge from private equity sale

12h50 Standard Chartered PLC has agreed terms for the sale of its private equity division, ending a more than two-year effort to shed a business the bank no longer deemed central to its strategy.. . .  Full story

Nestle to cut about 380 jobs at four locations in Germany

12h32 Swiss food giant Nestle is cutting around 380 jobs in Germany by closing two locations and reducing the workforce at two others as it reacts to lower demand and shifts some production elsewhere, the. . .  Full story

Britain’s FTSE falls as ASOS profit alert punishes retail sector

12h10 UK shares fell on Monday, as a profit warning from online fashion store ASOS reverberated across Europe and reinforced woes about slow sales during the busy holiday season, adding to the pre-Christmas gloom already compounded. . .  Full story

Italy coalition agrees on new budget, expects EU approval

12h03 Italy's coalition government has agreed on the "numbers and contents" of the budget it will propose to Brussels in an effort to avoid disciplinary action over its plans to hike deficit spending next year,. . .  Full story

H&M quarterly sales rise but doubts about turnaround weigh

11h56 H&M reported on Monday sales growth in the three months to November but doubts about the strength of recovery at the world's second-biggest fashion group sent its shares down.. . .  Full story

German regional state to sue VW over diesel scandal- FAZ

11h50 The German state of Baden-Wuerttemberg plans to sue Volkswagen over the carmaker's cheating of emissions tests, newspaper Frankfurter Allgemeine Zeitung (FAZ) reported on Monday.. . .  Full story

Retail stress roils European stocks, no Christmas boost in sight

11h50 European shares tumbled again on Monday as a profit warning from online fashion retailer ASOS sent retail stocks spiraling down as investors fretted that consumers are failing to deliver the traditional pre-Christmas spending boost to. . .  Full story

Upswing in Finland's economy losing momentum -finance ministry

11h33 Finland's finance ministry lowered on Monday its forecasts for economic growth for 2018-2020, citing declining exports and investments amid a global trade war. The ministry expects Finnish gross domestic product to grow 2.5 percent this year,. . .  Full story

Just Eat shareholder calls for asset sales, new targets

11h21 Just Eat shareholder Cat Rock Capital Management LP on Monday called on management of the online food order and delivery company to sell businesses and align executive pay to financial targets.. . .  Full story

Hitachi has not given up yet on UK nuclear project - exec

10h28 Hitachi Ltd has not given up yet on its nuclear project in Britain, a senior executive said on Monday, denying recent media reports that it was considering scrapping the 3 trillion yen ($26.61 billion) project.. . .  Full story

Payments firm Ingenico drops deal talks, working on new strategy plan

10h15 Payments company Ingenico , which had attracted bid interest after a string of profit warnings, said it had dropped talks over a possible deal and was working on a new strategy plan.. . .  Full story

Australia's Fortescue expects to produce 5-10 mln T of new mid-grade iron ore in 2019

05h02 Australia's Fortescue Metals Group on Monday announced the first shipment of its new mid-grade iron ore and said it expected to produce 5-10 million tonnes of the commodity next year.. . .  Full story

UK signs air service deal with Switzerland for post-Brexit flights

02h01 British transport minister Chris Grayling will sign an agreement with Switzerland on Monday to ensure air services continue to operate between the two countries after Brexit.. . .  Full story

UK restaurant closures surge as consumers lose appetite to spend

02h01 More than 1,000 restaurants went bust in Britain in the year through September, a 24 percent rise on the previous 12 months as the industry grapples with overcapacity as consumer spending slows, accountants Moore Stephens. . .  Full story

Renault seeks Nissan shareholder meeting as Ghosn crisis deepens

16/12 Renault requested a full Nissan shareholder meeting, a source close to the company said - appearing to escalate the carmaker's standoff with its Japanese alliance partner in the wake of the pay scandal engulfing Chairman. . .  Full story

French PM predicts budget deficit at 3.2 pct of GDP in 2019-Les Echos

16/12 France's budget deficit is likely to overshoot the European Union's limit of 3 percent of GDP next year and stand at around 3.2 percent, Prime Minister Edouard Philippe told Les Echos newspaper in an. . .  Full story

France asks Engie to take hedging positions over gas price freeze

16/12 The French government said on Sunday it had asked utility Engie to take hedging positions to ensure gas prices do not rise until June next year.. . .  Full story

Ukraine president hopes anti-corruption court formed by February

16/12 A special Ukrainian court to try corruption cases will hopefully be formed by February, President Petro Poroshenko told a news conference on Sunday.. . .  Full story

Indonesia, EFTA sign long delayed free trade deal

16/12 Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations.. . .  Full story

Nord Stream 2 can be justified if Ukraine's interests safeguarded

16/12 Germany's economy minister said he believed the Russian-backed Nord Stream 2 pipeline can go ahead while preserving Ukraine's vital interests, but that Berlin is also in talks to diversify its energy supply with liquefied natural. . .  Full story

Britain's Labour will try to force parliament Brexit vote next week

16/12 Britain's main opposition Labour Party will do all it can to force the government to bring a vote on Prime Minister Theresa May's Brexit deal to parliament next week, its election coordinator Andrew Gwynne. . .  Full story

German railway Deutsche Bahn reaches wage agreement with union

15/12 German railway Deutsche Bahn said on Saturday that it had reached a wage agreement with the EVG union following a walkout earlier this week.. . .  Full story

Vivendi calls for the replacement of five of Telecom Italia's board members

14/12 French media giant Vivendi called on Friday for the replacement of five of Telecom Italia's board members put forward by U.S. activist fund Elliott, citing a "substantial lack of independence".. . .  Full story

Europeans sweep record U.S. offshore wind auction

14/12 A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from companies backed by European energy giants including Royal Dutch Shell. . .  Full story

Robusta coffee hits contract low; sugar and cocoa end down

14/12 Robusta coffee futures hit a new contract low on Friday as ample supplies and fund selling pressured prices, while raw sugar futures were pressured by the falling currency in top grower Brazil.. . .  Full story

Watchdog gives Europe's insurers all clear in health check

14/12 Europe's biggest insurers successfully withstood the latest tests of their ability to cope with severe market shocks, the European Union's insurance watchdog said on Friday.. . .  Full story

EU banking watchdog says no-deal Brexit could disrupt payments

14/12 Although the main banks have stepped up preparations for a potential no-deal Brexit, UK-based payment firms used by European Union customers are not ready, the bloc's banking watchdog said on Friday.. . .  Full story

Italy's Conte sees EU budget deal close, no changes to 2019 deficit

14/12 Italian Prime Minister Giuseppe Conte expressed hope on Friday of reaching a deal with Brussels this weekend over his government's revised 2019 budget to avoid an EU disciplinary procedure, but offered few new concessions.. . .  Full story

Allied Irish Banks promotes head of wholesale banking to CEO

14/12 Allied Irish Banks named its head of wholesale and institutional banking as its new chief executive on Friday, replacing Bernard Byrne who joined an exodus blamed by the bank on a government-imposed pay cap.. . .  Full story

Euro zone takes step to deeper integration, key issues unresolved

14/12 European Union leaders took a step towards deeper euro zone integration on Friday to help prevent future crises, but deep disagreement left key issues like a euro zone budget and a deposit guarantee scheme unresolved.. . .  Full story

Ex-CFO of failed bank BES sues Bank of Portugal, KPMG for $4.9 bln

14/12 Banco Espirito Santo's former finance director is suing the Bank of Portugal and KPMG, demanding they pay the state 4.3 billion euros ($4.9 billion) for allegedly falsifying its accounts before the bank's 2014 collapse.. . .  Full story

Weak Chinese industrial data drives copper prices lower

14/12 Copper clocked a third consecutive weekly fall on Friday after weaker than expected Chinese industrial data dampened expectations of demand from the largest metals consumer.. . .  Full story

Cloud hangs over Italy's Stefanel and OVS after autumn warnings

14/12 Italian clothing groups Stefanel and OVS face an urgent quest to convince investors that they can overhaul their business models after trading disappointments.. . .  Full story

Poor China data caps turbulent week for FTSE 100 as investors rush for exits

14/12 Weak economic data from China sent Britain's top stock index down on Friday as miners, consumer stocks and banks suffered from investors' mounting anxiety about the world's second-biggest economy.. . .  Full story

European shares on track for worst quarter since 2011

14/12 European shares closed lower for a second day on Friday as weak European and Chinese data renewed worries about global growth and sent a pan-European benchmark on course for its worst quarter since 2011.. . .  Full story

Euro zone bond yields fall as weak PMI fans growth fears

14/12 Borrowing costs in the euro area fell on Friday as weak data from the euro zone and China fanned worries about global growth, a day after the ECB trimmed growth forecasts and said downside. . .  Full story

Britain's Cuadrilla pauses gas fracking again following more tremors

14/12 British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, for the fourth time since October following a minor seismic event, it said on Friday.. . .  Full story

Ireland's Varadkar wants to help May as far as possible

14/12 Irish Prime Minister Leo Varadkar said on Friday he wanted to help Prime Minister Theresa May as much as possible but that EU leaders could not offer her any guarantees that ran counter to. . .  Full story

Germany's Altmaier sees no disorderly Brexit, hopeful on U.S. trade ties

14/12 Germany's economy minister does not expect a disorderly Brexit and believes the danger of a major trade conflict between the European Union and the United States is not yet over but has also not. . .  Full story

Germany's Scholz says Deutsche Bank not causing "sleepless nights"

14/12 German Finance Minister Olaf Scholz on Friday lauded positive developments in the German banking sector in recent months, and said his ministry was not overly concerned about the future of Deutsche Bank, Germany's largest bank.. . .  Full story

Deutsche Telekom reviews Huawei ties; Orange says no on 5G

14/12 Huawei faces fresh challenges in Europe after Germany's Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France.. . .  Full story

Cuadrilla pauses gas fracking at English site after more tremors

14/12 British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, after tremor of magnitude 0.9 was detected, the company said.. . .  Full story

Scale of theft at Shell's Singapore refinery much greater, court docs show

14/12 Around $150 millions' worth of oil was stolen from Shell's biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this. . .  Full story

LSE names Experian's Donald Robert as next chairman

14/12 London Stock Exchange Group Plc said on Friday Chairman Donald Brydon would be replaced by Donald Robert, chairman of the world's biggest credit data firm Experian Plc.. . .  Full story

Canada's Imperial Metals hires BMO to speed up restructuring -sources

14/12 Canadian copper producer Imperial Metals has hired Bank of Montreal (BMO) to speed up a restructuring process that could include the sale of the company for up to $1 billion, two sources familiar with. . .  Full story

Swiss play down impact of 6-month EU reprieve on bourse rules

14/12 Swiss Finance Minister Ueli Maurer played down on Friday the impact of a European Commission proposal to extend recognition of Swiss stock trading rules for just six months in a row over a new. . .  Full story

France plans Renault CEO hunt as board frays over Ghosn -sources

14/12 The French government is seeking candidates to replace Renault's embattled boss Carlos Ghosn, as some board members began to voice doubts about keeping him in office after his indictment in Japan for suspected misconduct, several. . .  Full story

Croatia's INA to stop processing at biggest refinery for Q1 maintenance

14/12 Croatian energy group INA's biggest refinery, located in the northern Adriatic port of Rijeka, will undergo a planned maintenance from January to mid-April next year, the company said on Friday.. . .  Full story

EU drugs agency says Brexit move to eat into 2019 budget

14/12 The European Medicines Agency (EMA) said on Friday its draft budget for 2019 was slightly lower than last year, blaming the dip on the watchdog's forced relocation from London to Amsterdam because of Brexit.. . .  Full story

Norway postpones decision on Arctic oil terminal

14/12 The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said. . .  Full story

Poles' trust in state low after bribe scandal - survey

14/12 A survey taken after a corruption scandal suggests that Poles have little trust in the state - a warning sign for the Law and Justice (PiS) party, which won power in 2015 partly on. . .  Full story

Lufthansa in early talks on possible tie-up for caterer LSG -sources

14/12 Lufthansa is in early talks about a possible tie-up between its LSG Group catering unit with partners such as Austria's Do&Co, Singapore's SATS and Switzerland's Gategroup, people close to the matter said.. . .  Full story

Russian oil refinery gets Sberbank credit line, resumes loadings

14/12 Oil loadings have resumed at Russia's Afipsky refinery, pipeline monopoly Transneft said on Friday, after top lender Sberbank provided a credit line to the Afipsky and Antipinsky refineries.. . .  Full story

Climate ideals clash with coal realities at Polish-led U.N. talks

14/12 Delegates at U.N. climate talks in the Polish city of Katowice point to the mining museum next to the conference venue as the proper place for coal, which provides 80 percent of the country's. . .  Full story

Renault board did not consider replacing Ghosn - interim chairman

14/12 Renault's board did not consider replacing Chief Executive Carlos Ghosn when it met on Thursday, interim chairman Philippe Lagayette said in a statement issued by the carmaker.. . .  Full story

Italy's Conte seeks EU leaders' backing on revised budget

14/12 Prime Minister Giuseppe Conte sought to convince European Union leaders on Friday that his offer to cut Italy's deficit target for next year should make an EU disciplinary procedure unnecessary.. . .  Full story

Palmali to fight court ruling on bankruptcy of Russian arm

14/12 Palmali, one of the biggest players in Russia's river-to-sea cargo market, plans to appeal against a court decision declaring its Russian business bankrupt and effectively handing its fleet over to Sberbank, the shipping firm's owner. . .  Full story

India court rejects challenge to Dassault jet deal; win for Modi

14/12 India's top court rejected petitions on Friday seeking an investigation of fighter jet deal worth about $8.7 billion with France's Dassault Aviation , handing a political victory to the ruling party months before a general. . .  Full story

Euro zone banks repay only a fraction of ultra-cheap ECB cash

14/12 Euro zone banks will repay 3.1 billion euros ($3.5 billion) of ultra cheap funding to the European Central Bank early, returning only a fraction of their borrowings ahead of schedule, the ECB said on. . .  Full story

Euro zone businesses end 2018 on a sour note -PMIs

14/12 Euro zone businesses ended the year in a gloomy mood, expanding their operations at the slowest pace in over four years as new order growth all but dried up, hurt by trade tensions and. . .  Full story

Thyssenkrupp fills key management posts after year of turmoil

14/12 Thyssenkrupp moved on Friday to fill key management positions, preparing for the spin off its capital goods business after a tumultuous year that saw the resignation of the conglomerate's top leadership.. . .  Full story

LSE raises stake in clearing house LCH to 82.6 pct

14/12 London Stock Exchange Group said on Friday its stake in its clearing house LCH had risen to 82.6 percent, as it closed the acquisition of an additional 14.6 percent from some minority shareholders for. . .  Full story

Italy's Di Maio happy with deficit cut but warns on growth

14/12 The Italian government is happy it could lower its deficit target for next year, Deputy Prime Minister Luigi Di Maio said on Friday, although he also said that economic growth may be smaller than. . .  Full story

Germany's Helaba to acquire Dexia's German unit for $398 mln

14/12 German public sector bank Helaba is buying the German unit of Franco-Belgian lender Dexia for 352 million euros ($398 million), the lenders said in a joint statement on Friday.. . .  Full story

Australian rail workers postpone coal haulage strikes as cyclone looms

14/12 Coal railway workers at Australian hauler Aurizon Holdings Ltd have postponed some planned strikes in Queensland, a union official said, as a cyclone is forecast to bring poor weather near some of the affected railways.. . .  Full story

Shares in troubled Polish bank rise on plan to find investor

14/12 Shares in Poland's troubled Getin Noble Bank (GNB) rose 11 percent on Friday, after it said it would look for a financial investor.. . .  Full story

Austrian economic growth to hold steady this year, then slow -central bank

14/12 Austria's economic growth will hold steady this year at 2.7 percent, supported by strong domestic demand and exports, then slow markedly in 2019, the country's central bank said in its half-yearly economic forecasts on Friday.. . .  Full story

German private sector growth hits four-year low in December - PMI

14/12 Germany's private sector expansion slowed to a four-year low in December, a survey showed on Friday, suggesting growth in Europe's largest economy may be weak in the final quarter.. . .  Full story

Jet Airways' survival may rest on founder Goyal leaving the cockpit

14/12 Jet Airways Ltd's 69-year-old founder Naresh Goyal, who started out as an assistant in a travel agency, wove together charm, persistence and consummate dealmaking to build India's biggest full-service carrier.. . .  Full story

Transneft sees Russian oil output rising 2 mln T in 2019 - RIA

14/12 Russian pipeline monopoly Transneft expects Russia's oil output to rise by about 2 million tonnes next year, RIA news agency cited the company's head, Nikolai Tokarev, as saying on Friday.. . .  Full story

Protests plunge French business activity into contraction - PMI

14/12 French business activity plunged unexpectedly into contraction this month, retreating at the fastest pace in over four years in the face of violent anti-government protests, a monthly survey showed on Friday.. . .  Full story

Balfour Beatty FY profit gets boost from infrastructure sale

14/12 British construction group Balfour Beatty Plc on Friday said it expects to report full-year profit above its earlier expectations, getting a boost on the proceeds from the sale of an infrastructure investment this month.. . .  Full story

TP ICAP names ex-JPMorgan executive Berliand chairman

14/12 Interdealer broker TP ICAP said on Friday former JPMorgan Chase executive Richard Berliand would join as chairman-designate early next year, taking over from Rupert Robson, who is set to retire after 12 years on the. . .  Full story

Slovenia's Petrol expects 11 pct rise in 2019 group net profit

14/12 Slovenia's largest fuel retailer Petrol expects its 2019 group net profit to rise to 96.7 million euros ($110 million) from an expected 86.9 million this year, mainly due to higher sales, the company said in. . .  Full story

Asian prices snap three-week losing streak as winter kicks in

14/12 Asian spot prices for liquefied natural gas (LNG) snapped a three-week losing streak to end higher this week, with the onset of winter expected to boost demand for natural gas for heating.. . .  Full story

Germany's central bank slashes growth forecasts

14/12 Growth in Germany, Europe's biggest economy, will slow in the coming years, the Bundesbank said on Friday, cutting its forecasts in a biannual review after a string of disappointing data in recent months.. . .  Full story

Intrum buys Sabadell's real estate servicer to boost Spain presence

14/12 Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.. . .  Full story

Slovenia's Petrol sees 2019 group net profit up by 11.3 pct

14/12 Slovenia's largest fuel retailer Petrol sees 2019 group net profit at 96.7 million euros ($109.7 million) versus 86.9 million euros planned this year, the company said in a statement on Friday.. . .  Full story

Brazil soy farmers should be paid to preserve forest -industry group

13/12 Abiove, a Brazil-based association of oilseeds traders, is proposing the creation of a fund to reward farmers who can preserve native vegetation on their soy farms in the Cerrado region, Brazil's tropical savanna.. . .  Full story

French central bank trims 2018, 2019 growth outlook to 1.5 pct

13/12 The French economy is set to grow slightly less than previously expected this and next year, the central bank said on Thursday, warning the longer protests which have swept the country drag on the. . .  Full story

Struggling Fastjet meets conditions to raise cash

13/12 Troubled low-cost African carrier Fastjet Plc said on Thursday it had enough cash to operate until Dec. 21 and that it had met the conditions for an open offer and equity refinancing to raise. . .  Full story

Italy, EU closer to budget deal to avoid disciplinary move

13/12 The European Commission and Italy are working to reach a deal quickly on the country's 2019 budget, the two sides said on Thursday, after Rome offered to cut its deficit target to avoid disciplinary. . .  Full story

Global investment rules tighten in national security era - UN

13/12 A U.N. survey of governments' investment regulations has found 30 percent of measures adopted in the first ten months of this year were a tightening of regulations, the highest figure since 2010.. . .  Full story

Brazil allows 100 pct foreign investment in domestic airlines - decree

13/12 Brazil's President Michel Temer signed a temporary decree on Thursday lifting a 20 percent limit on foreign investment in Brazilian airlines and allowing total ownership by external capital.. . .  Full story

Italy's lower deficit goal: a politically useful fudge

13/12 Italy's surprise decision to sharply cut its budget deficit goal does little to address the problems of its finances or a deeper debate over EU fiscal rules, but may serve the real purpose of. . .  Full story

Standard Chartered axes over 200 jobs in India - source

13/12 Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday.. . .  Full story

Copper touches 1-week peak on easing U.S.-China tension

13/12 Copper hit its highest in more than a week on Thursday after U.S.-China trade tensions eased, but gains were capped due to persistent worries about Chinese demand and global growth.. . .  Full story

Shareholders sceptical of Deutsche Bank/Commerzbank tie-up

13/12 Shareholders and a major union expressed scepticism on Thursday about speculation of a merger between Deutsche Bank and Commerzbank.. . .  Full story

Brexit-sensitive British stocks wilt as worries return after PM vote

13/12 Britain's Brexit-sensitive domestic stocks fell on Thursday as investors decided Prime Minister Theresa May's victory in a leadership challenge clarified little in the country's protracted divorce from the European Union.. . .  Full story