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.
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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. . .
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. . .
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. . .
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.. . .
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.. . .
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. . .
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. . .
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,. . .
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. . .
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,. . .
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.. . .
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.. . .
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. . .
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. . .
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. . .
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. . .
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. . .
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".. . .
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. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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. . .
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.. . .
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.. . .
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. . .
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. . .
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. . .
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. . .
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.. . .
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.. . .
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. . .
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.. . .
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.. . .
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. . .
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.. . .
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. . .
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. . .
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. . .
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.. . .
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. . .
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. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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.. . .
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.. . .
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.. . .
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. . .
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. . .
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. . .
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.. . .
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.. . .
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. . .
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.. . .
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.. . .
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