07h10 China's Geely Automobile
Holdings Ltd said on Wednesday that first-half net
profit rose 54 percent over the same period last year, as
Chinese consumers snapped up its cars designed with its Swedish
luxury auto affiliate. . .
07h08 The Swiss government urged voters
on Tuesday to reject more help for farmers and other proposals
for agriculture in a referendum next month, saying they would
send food prices rocketing and hurt the economy.. . .
07h00 A scorching hot, dry summer has
ended five years of plenty in many wheat producing countries
and drawn down the reserves of major exporters to their lowest
level since 2007/08, when low grain. . .
06h03 Gold prices hit a one-week
high on Wednesday and inched closer to the key $1,200 level as
the dollar remained weak on U.S. President Donald Trump's
criticism of the Federal Reserve and ahead of. . .
05h28 Australian shares slipped on Wednesday,
weighed by materials and financials, as political uncertainty
hurt local stocks with Prime Minister Malcolm Turnbull rejecting
seven Cabinet members' resignations as he seeks to quell a
renewed leadership bid. . .
04h53 Oil prices rose on Wednesday,
supported by a drop in U.S. crude inventories and a weaker
dollar, along with concerns about a potential shortfall of
Iranian oil from November due to U.S. sanctions.. . .
04h46 Australia's AMP Ltd has
hired Credit Suisse's head of private banking in Asia Pacific as
chief executive to repair its reputation following four bruising
months since a powerful financial sector inquiry revealed
board-level misconduct at. . .
04h24 Australia's TPG Telecom Ltd
said on Wednesday it was looking into a merger deal
with rival Vodafone, a move that could provide a faster and
cheaper entry into the mobile network market while tempering
competition. . .
04h21 London copper steadied on
Wednesday ahead of trade talks between the United States and
China, although U.S. President Donald Trump has played down
hopes for near-term progress, saying resolving the dispute will
take time.. . .
01h00 Small to mid-sized renewable
energy companies in India are starting to look like attractive
takeover targets as lenders and investors withhold funds,
worried by the stiff competition, weak bond markets, low tariffs
and high debt. . .
21/08 Oil rose to its highest level
in a week on Tuesday, buoyed by the prospect of U.S. sanctions
on Iran, though the trade dispute between Washington and Beijing
kept traders and analysts cautious.. . .
21/08 Italian state lender Cassa Depositi
e Prestiti (CDP) may buy a controlling stake in Autostrade per
l'Italia after the collapse last week of a bridge managed by the
motorway operator, two sources told Reuters,. . .
21/08 The Italian economy ministry, which
owns more than 80 percent of state lender Cassa Depositi e
Prestiti (CDP), is not aware of any discussion of CDP buying a
stake in motorway operator Autostrade per. . .
21/08 Bulgaria's head of insurance
supervision resigned on Tuesday, bowing to pressure from
politicians to quit after a Cyprus-based insurance company was
wound up, leaving nearly 200,000 Bulgarians without car
insurance.. . .
21/08 Italy's Autostrade per l'Italia
approved on Tuesday its commitment to provide relief funds of
500 million euros ($572 million) for the bridge collapse in
Genoa as the government presses ahead with plans to strip. . .
21/08 European shares closed slightly
higher on Tuesday as investors on both sides of the Atlantic
took a cautiously optimistic view of trade talks between the
United States and China which are set to begin. . .
21/08 Italian government bonds rallied
on Tuesday after Moody's extended the deadline for its review of
the country's rating, providing some relief for investors who
expected a downgrade imminently.. . .
21/08 There is little likelihood
that Brazil's Samarco iron ore mine, a joint venture between
Vale SA and BHP Billiton, will
restart operations next year even though it expects to have all
of the required licenses,. . .
21/08 Concerns about rising
costs and the impact of trade tensions between the United States
and China weighed on shares of leading miner BHP
on Tuesday after a 33 percent jump in annual underlying profit
still. . .
21/08 Prime Minister Alexis Tsipras
hailed the end of a "modern-day Odyssey" on Tuesday after Greece
emerged from nine years of bailouts, saying it should never
forget the harsh lessons learned under tight financial
supervision by. . .
21/08 Greece celebrated the end of
eight years of bailouts on Monday, but expectations that it will
mark its new-found fiscal independence with a much-anticipated
bond sale next month may be dashed as wider tensions. . .
21/08 European Union leaders are
likely to have to hold an emergency summit in November to
consider any Brexit agreement struck with Britain, missing an
informal deadline the previous month, diplomats in Brussels
said.. . .
21/08 Britain is expected to keep the
door open for European Union banks and investors after Brexit to
try to preserve London's global financial clout, irrespective of
whether it gets a good trade deal from. . .
21/08 Croatia sold 752 million kuna
($116 million) worth of one-year Treasury bills in an auction on
Tuesday, falling short of its 1 billion kuna target, while the
yield remained flat, finance ministry data showed.. . .
21/08 Denmark said on Tuesday it is
targeting U.S. and British companies and individuals as it
expands a global campaign to recoup billions of crowns it
alleges were paid out in fraudulent tax refunds between. . .
21/08 Britain reported its biggest
budget surplus for the month of July in 18 years on Tuesday,
giving finance minister Philip Hammond some extra room for
manoeuvre as he faces pressure to relax his grip. . .
21/08 Sainsbury's, Britain's
second largest supermarket group which has agreed to buy smaller
rival Asda, was again the worst performer of the country's big
four grocers in the latest 12-week period, industry data showed
on Tuesday.. . .
21/08 British oilfield services firm Wood Plc
hit the top end of its forecasts for first-half profit in
an improving global oil market, while warning its ability to
raise prices was still limited to buoyant. . .
21/08 State-run Electricity
Generating Authority of Thailand is seeking to
directly import liquefied natural gas (LNG) for the first time,
as part of a government plan to boost competition in the power
sector.. . .
21/08 Norway's Statnett has
lifted a suspension on Siemens as its supplier after
a dispute over underpayment of workers at a Siemens
subcontractor has been solved, the power grid operator said on
Tuesday.. . .
21/08 Swedish healthcare company
Capio plans to sell its French business to Vivalto
Sante in a deal worth up to 455 million euros ($520 million) to
focus on its less capital intensive Nordic operations.. . .
21/08 Nostrum Oil & Gas Plc reported
an 8.8 percent drop in first-half revenue on Tuesday as it
strove to stabilise production from two of its wells and
complete a gas treatment plant in Kazakhstan.. . .
21/08 Russian gold and silver producer
Polymetal said on Tuesday its net income rose 46
percent year-on-year to $175 million in the first half of 2018
due to an increase in production and higher sales.. . .
21/08 Britain's second-largest
housebuilder Persimmon, whose boss been criticised for
his high pay, posted a 13 percent increase in half-year pretax
profit and said it expected to see further growth.. . .
21/08 China's biggest
listed state-owned lenders are expected to post modestly higher
profits and steady margins for the six months ended June, as
government efforts to boost spending and liquidity underpins
loan growth.. . .
20/08 Sky said on Monday that
it expected to pay its advisers between 90 million pounds and 97
million pounds ($123.7 million) if Twenty-First Century Fox
succeeds with its takeover of the British broadcaster.. . .
20/08 Spain's Public Works Ministry
declined to comment on Monday on whether the motorway bridge
collapse in Genoa would affect a deal between Spanish company
ACS and Atlantia, whose subsidiary manages the
bridge.. . .
20/08 Hopes that the United States and
China might find a compromise to resolve their trade dispute
lifted European shares on Monday, while Turkey's currency crisis
showed no immediate sign of worsening.. . .
20/08 A top Italian government official
on Monday declined to rule out that next year's budget deficit
could be above the EU ceiling, linking the issue to last week's
collapse of a motorway bridge.. . .
20/08 Online fashion retailer Farfetch
<IPO-FAR.L> aims to float on the New York Stock Exchange by the
end of the year, the London-based company said on Monday,
seeking to capitalise on rapid growth in luxury. . .
20/08 Standard Chartered is in
talks to sell its private equity business to Intermediate
Capital Group (ICG), a source with direct knowledge of
the deal said on Monday, as part of a broader disposal of. . .
20/08 German industrial gases group
Linde and U.S. rival Praxair secured
conditional EU antitrust approval on Monday for their $82
billion merger but still have to clear a major hurdle with U.S.
enforcers.. . .
20/08 Bulgaria's chief prosecutor
ordered the country's main intelligence agency on Monday to
investigate financial regulator KFN's oversight of the Bulgarian
branch of Cyprus-based Olympic Insurance Company Ltd, after the
firm was placed in liquidation.. . .
20/08 A world away from the
brightly coloured knitwear that made the family name, what had
looked an inspired move into infrastructure by Italy's Benettons
faces increased scrutiny after this month's Genoa motorway
bridge disaster.. . .
should come up with a candidate for the vacant post of
chairman by no later than September, two investor sources said,
concerned that a lengthy search might further delay
restructuring efforts at the German. . .
20/08 Greece emerged from the biggest
bailout in economic history on Monday after nine years of
creditor-mandated austerity, with European institutions hailing
the exit a success but jaded Greeks finding little reason to
celebrate.. . .
20/08 A slew of austerity measures
undertaken by Greece as part of its bailout will lay the basis
for the country's sustainable recovery, European Economics
Commissioner Pierre Moscovici said on Monday as Greece exited
the last. . .
20/08 Investors in Chinese online
peer-to-peer (P2P) lending platform PPMiao protested at the
offices of one of the company's shareholders in Shanghai's
financial district on Monday, in the latest manifestation of
problems facing the industry.. . .
20/08 Iran's oil minister said on
Monday that France's Total has officially left Iran after the
United States threatened to impose sanctions on companies that
do business in the country, Iranian state TV reported.. . .
20/08 British households are the most
upbeat about their finances since early 2015, buoyed by
near-record employment, but the approach of Brexit and concerns
about inflation are making them worry more about the future, a
survey. . .
20/08 Titanium minerals miner Kenmare Resources
Plc said on Monday pretax profit for the first half of
the year jumped nearly three-fold, as it shipped more finished
products to China and other Asian markets.. . .
20/08 Shares in Italy's infrastructure
group Atlantia failed to open on Monday morning, after
falling 22.5 percent last week following the collapse of a
motorway bridge in the Italian port city of Genoa last week.. . .
20/08 Britain's vote to leave the
European Union could "in theory" be reversed although there is a
still a strong probability it will go ahead, said the European
Commissioner for Economic and Financial Affairs Pierre. . .
20/08 The Southeast Asian offshore
natural gas assets of U.S. oil and gas producer Hess Corp
, estimated to be worth as much as $5 billion, have
attracted takeover interest from firms including Thailand's
PTTEP PCL. . .
20/08 Business leaders' confidence in
the British economy has fallen to its lowest point this year
reflecting the impact of uncertainty over Britain's exit deal
with the European Union, according to a survey published. . .
20/08 Most Japanese companies support
loosening the country's tight immigration system to cope with a
severe labour shortage, but they favour skilled workers who can
fit into the workplace, not an influx of unskilled labourers,. . .
20/08 Most Japanese companies support loosening the country's tight immigration system to
cope with a labour shortage, but they favour white-collar workers over unskilled labourers, a Reuters poll shows.
Below. . .
20/08 Global luxury brands from
Prada to LVMH are investing in China for the
first time since a crackdown on conspicuous spending five years
ago, focusing on smaller, less developed cities even as the
world's second-largest. . .
19/08 Greece has successfully exited
its final, three-year bailout programme, agreed in August 2015
to help it cope with the continued fallout from a debt crisis,
the euro zone's ESM rescue fund said on Monday.. . .
19/08 Greece will be more tightly
monitored after it exits its bailout programme than other euro
zone countries that received similar loans, the head of the
bloc's rescue mechanism told a Greek newspaper on Sunday.. . .
19/08 Rescue workers found the bodies of
three members of a family in the wreckage of Genoa's collapsed
motorway bridge early on Sunday - the last people reported
missing in the disaster, bringing the death. . .
19/08 The European Central Bank is on
course towards a less expansive monetary policy, and the
projected inflation rate of 1.7 percent for 2020 is in line with
its medium term stability goals, the head. . .
19/08 Thailand's telecoms regulator
closed bidding on Sunday at 25 billion baht ($753.9 million) for
two licenses under a 1800 MHz spectrum for 3G and 4G service,
and raised concerns about plans for next generation. . .
19/08 The co-founder of fashion brand
Superdry is donating a million pounds ($1.28 million)
to the campaign for a referendum on the final Brexit agreement
as Britain prepares to outline in more detail how a. . .
18/08 Britain's Brexit minister Dominic
Raab will travel to Brussels on Tuesday in a bid to pick up the
pace of Brexit talks with the EU's chief negotiator Michel
Barnier, Prime Minister Theresa May's office. . .
18/08 Italian toll-road operator
Autostrade per l'Italia, which managed a bridge that collapsed
in Genoa this week, has set aside about 500 million euros ($572
million) worth of investment for the port city to help. . .
18/08 Top executives of Italian
toll-road operator Autostrade per l'Italia, which managed a
bridge that collapsed in the port city of Genoa this week,
voiced profound sadness for the victims on Saturday and said it
would. . .
18/08 Thailand's King Maha
Vajiralongkorn is now the largest shareholder in the country's
biggest industrial conglomerate, Siam Cement Group Pcl,
data from the Stock Exchange of Thailand (SET), published on its
website on Saturday showed.. . .
18/08 Italy mourned the victims of the
collapse of a motorway bridge in the northern city of Genoa with
a state funeral on Saturday, as rescue workers kept searching
for the last few unaccounted people. . .
18/08 The union representing workers
of Chilean copper mine Escondida signed a new collective labor
contract on Friday, ending the risk of a strike that could have
paralyzed the world's biggest copper mine.. . .
17/08 Crude prices rose on Friday,
but declined on the week on worries that oversupply would weigh
on the U.S. market while trade disputes and slowing global
economic growth would dampen demand for oil.. . .
17/08 Activist hedge fund ValueAct
Capital Management boosted investments in financial stocks by
more than $800 million during the second quarter, citing
attractive risk-adjusted values of big banks, according to a
client letter viewed by Reuters.. . .
17/08 Italy's government on Friday
launched a formal procedure aimed at revoking concessions held
by Autostrade per l'Italia to operate toll highways after a
bridge it managed collapsed this week, killing at least 38
people.. . .
17/08 Goldman Sachs Group Inc is facing
a probe from U.K. regulators over its reporting practices tied
to new rules in European markets, Bloomberg reported on Friday,
citing people with knowledge of the matter.. . .
17/08 Copper inched lower on Friday,
posting its largest weekly fall since early July as strikes,
including at the world's largest mine, seemed mostly resolved
but a weaker dollar provided some support.. . .
17/08 Britain's top share index failed
to rebound convincingly on Friday at the end of a turbulent week
for markets during which an economic crisis in Turkey spread
anxiety across global financials and mining stocks.. . .
17/08 An engineering study commissioned
by Italian motorway operator Autostrade last year warned about
the condition of a bridge that collapsed this week in Genoa, the
head of the university department that conducted the study. . .
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