Europe Business

France's EDF buys 49 pct stake in Conergies Group

11h56 French state-controlled power utility EDF has bought a 49 percent stake for an undisclosed amount in African company Conergies Group.  Full story

Italy's Popolare Bari studying tie-up with other southern banks - sources

19h58 Popolare di Bari is studying a possible tie-up with other local mutual banks, two sources said, as the Rome government said it was keeping an eye on the situation at the troubled southern Italian. . .  Full story

Apollo Global to buy packaging group RPC for 3.3 bln pounds

19h31 Apollo Global Management is to buy packaging products maker RPC Group for 3.3 billion pounds ($4.28 billion) in cash after months of negotiations, marking the latest M&A deal for an industry in the midst. . .  Full story

Aluminium trades near one-month high on signs of tighter LME market

19h28 Aluminium climbed to a one-month high on Wednesday as signs of a rise in demand caused by a fall in inventories on the London Metal Exchange (LME) attracted buyers.. . .  Full story

UK shares fall again as weak results add to global growth worries

19h26 UK shares slipped on Wednesday as fresh worries about global economic growth weighed on oil stocks while a stronger pound also pulled down multinational stocks, with Metro Bank losing over a third of its. . .  Full story

European shares sluggish as poor updates add to macro gloom

19h26 European shares were sluggish on Wednesday as a batch of poor corporate updates added to worries about a global growth slowdown and China-U.S. trade negotiations.. . .  Full story

BoE's Woods says Barclays CEO fine sends whistleblowing signal

19h04 The million pound fine and censure handed down to Barclays boss Jes Staley over how he handled a whistleblowing case was correctly calibrated and sent a clear message to the industry, Bank of England. . .  Full story

Norway gas to benefit from end to coal in Germany - Equinor

19h03 Norway, Germany's third biggest gas supplier after Russia and the Netherlands, could make further inroads into the German market as the country phases out coal, a top executive at Norwegian oil and gas firm. . .  Full story

Barnier to UK MPs: Agree alternative to stop no deal

18h44 EU negotiator Michel Barnier warned British lawmakers on Wednesday that their disparate efforts to amend, delay or thwart Brexit will see Britain crash out of the EU in March if they cannot rally behind. . .  Full story

Trade experts dismiss Brexiteers' faith in obscure WTO clause

18h35 Trade experts have poured cold water on the idea that Britain could invoke an obscure clause in the international trade rules if it leaves the European Union without an agreement, but they say the. . .  Full story

PM Conte sees Italian economy surging from mid-2019

18h35 The Italian economy will grow much more strongly than expected in 2019, with output likely to jump in the second half of the year, Prime Minister Giuseppe Conte told Reuters on Wednesday.. . .  Full story

Euro zone bond yields slip after BoJ signals stimulus set to stay

18h26 Most euro zone bond yields fell on Wednesday after the Bank of Japan set the tone for further easing ahead by warning of rising risks to its economy, focusing investors' attention on Thursday's European. . .  Full story

Bank of Italy official says Carige offers strengths for buyer

18h15 A top Bank of Italy official said on Wednesday he hoped that Banca Carige could find a merger partner within a reasonable time and added the troubled bank had strengths which could benefit a. . .  Full story

Union at Audi's Hungarian business calls one-week strike

18h13 Workers at German carmaker Audi's Hungarian business will go on a one-week strike for higher wages from Thursday, the president of the AHFSZ trade union was quoted by state news agency MTI as saying. . .  Full story

China's CATL plans battery cell production of 60 GWh from 2026 at German plant

17h45 Chinese battery maker Contemporary Amperex Technology Ltd (CATL) eyes an annual production of 60 gigawatt hours (GWh) from 2026 at its first European production site in Germany, a senior CATL manager said on Wednesday.. . .  Full story

Bank of England says TSB outage probe still on-going

17h31 The Bank of England's investigation into last year's costly IT meltdown at TSB bank that hit customers is still ongoing, the BoE's deputy governor Sam Woods told lawmakers on Wednesday.. . .  Full story

Bank of England says EU bank registrations on track for post-Brexit London

17h28 The Bank of England's preparations for Britain's departure from the European Union are "broadly on track", with 80 banks and insurers from the bloc applying to keep London offices as branches, BoE Deputy Governor Sam. . .  Full story

OPEC cuts, outages give physical crude a New Year lift

17h26 Crude oil markets in Europe and West Africa have made a strong start to 2019 as Libyan supply losses and strong demand in Asia offset rising U.S. exports.. . .  Full story

Kenya to restrict second-hand imports to boost domestic car sector

16h36 Kenya plans to restrict imports of second-hand cars to newer vehicles in an effort to boost the domestic automotive sector by reducing the dominance of the used car market.. . .  Full story

Former Barclays bosses hid 322 mln pounds in Qatar fees in 2008, court told

16h31 Four former Barclays executives conspired to commit fraud by hiding 322 million pounds of payments to Qatar in return for cash injections in 2008, a prosecutor alleged at the opening of one of London's most. . .  Full story

Deripaska debt to VTB not written off under En+ sanctions deal -Interfax

16h14 VTB Bank is not writing off debt owed by Oleg Deripaska under a deal to lift U.S. sanctions from Russia's En+ Group, VTB First Deputy CEO Yuri Soloviev was quoted as saying by Interfax. . .  Full story

Up to Britain to define post-Brexit ties with EU- Merkel

16h03 Germany and its European Union partners have an interest in a close relationship with Britain after it leaves the bloc, Chancellor Angela Merkel said on Wednesday, adding that it was now up to London. . .  Full story

RWE shares up on hopes for higher coal exit compensation

16h03 Shares in RWE, Germany's largest power producer, rose almost 5 percent on Wednesday at the prospect of higher compensation should coal-fired power stations be shut down early.. . .  Full story

Russian oil output edges up to 11.39 mln bpd during Jan. 1-22 -source

15h56 Russia slightly increased its oil production to 11.39 million barrels per day (bpd) on average between Jan. 1 and Jan 22, a source familiar with the Energy Ministry data told Reuters on Wednesday.. . .  Full story

Italy's Salvini hopes Macron's support dwindles at EU elections

15h32 Italian Deputy Prime Minister Matteo Salvini said on Wednesday he hoped the French people would not choose President Emmanuel Macron's party in European parliament elections later this year, drawing a sharp response from officials in. . .  Full story

No let-up in Chinese semiconductor demand, supplier ASML says

15h17 Chinese demand for semiconductor manufacturing equipment has not slackened, despite a slowdown in the country's economic growth and trade frictions with the United States, the chief executive of toolmaker ASML Holding NV told Reuters on. . .  Full story

Newcomers pile into race for Qatar LNG

15h09 Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers Chevron, Norway's Equinor and Italy's Eni, industry sources. . .  Full story

Russia's Alrosa says sales down in January - Interfax

15h07 Sales by Russia's Alrosa , the world's largest producer of rough diamonds in carat terms, are lower than a year ago so far in January, its chief executive was quoted as saying by Interfax. . .  Full story

Metro Bank shares crash as risky mortgage bets raise cash call fears

15h02 Metro Bank shares lost a third of their value on Wednesday after the British lender announced a sharp rise in exposure to higher-risk mortgages and said profits would be hit by slowing growth, raising. . .  Full story

Italy minister Tria says crisis banks pose no systemic threat

14h42 Italian Economy Minister Giovanni Tria said on Wednesday he sees no systemic threat from lenders Monte dei Paschi, Carige or Popolare di Bari but is following developments.. . .  Full story

Tria says Italy will hit budget goal, no need for correction

14h38 Italy will meet its key budget deficit target for this year and there is no need for any corrective measures to prevent an overshoot, Economy Minister Giovanni Tria said on Wednesday.. . .  Full story

EU will do all it can to avoid hard Irish border after Brexit - Commission

14h36 The European Union's executive said on Wednesday the bloc would do its utmost to avoid extensive border controls between EU member state Ireland and the British province of Northern Ireland regardless of how Brexit goes,. . .  Full story

Marex Spectron to acquire Energy Broking Ireland Ltd

14h32 Commodities broker Marex Spectron said on Wednesday it has agreed to acquire Dublin-based Energy Broking Ireland Ltd (EBI), in a deal expected to be completed in February.. . .  Full story

Malaysia could curb French purchases if palm oil use restricted

14h30 Malaysia will consider laws to restrict imports of French products if Paris does not withdraw plans to curb the use of palm oil in biofuels, Prime Minister Mahathir Mohamad said in a letter to. . .  Full story

Edouard Carmignac relinquishes full control of flagship Carmignac fund

13h33 Veteran French fund manager Edouard Carmignac has handed over full control of his company's flagship Carmignac Patrimoine fund to two colleagues, in line with plans set out last year.. . .  Full story

Santander plans to axe a fifth of its UK branch network

13h11 Santander on Wednesday announced plans to shut almost a fifth of its branch network in Britain, expected to result in around 840 job losses.. . .  Full story

Burberry says would pay a high price for no-deal Brexit

12h49 Britain's premier luxury brand Burberry said a no-deal Brexit would cost it tens of millions of pounds in tariffs and severely disrupt the movement of fabrics and finished products between its suppliers, manufacturing centres and. . .  Full story

Gin, coffee sales give Wetherspoon Christmas cheer

12h35 British pub operator JD Wetherspoon Plc said it enjoyed strong sales over the Christmas period, helped by Britons' new-found fondness for gin and solid demand for coffee drinks.. . .  Full story

Gazprom Neft considering LNG production in Russia's Arctic

12h17 Gazprom Neft, the oil arm of Russian gas giant Gazprom, is studying the possibility of its own liquefied natural gas (LNG) production in the Arctic as it tries to monetise its vast natural gas reserves.. . .  Full story

China's Union Life to sell majority stake, draw local, overseas bidders -sources

12h16 China's Union Life Insurance is planning to sell a controlling stake that could be snapped up by locals or foreigners looking to tap into the country's growing demand for insurance products, three people familiar with. . .  Full story

-EU's Moscovici says ball in UK court on Brexit

12h07 European Union Economic Affairs Commissioner Pierre Moscovici said on Wednesday that the risk of a no-deal Brexit had increased in last few weeks and it was up to the British to tell the EU. . .  Full story

DAVOS-UK's Fox to press trade ministers over replicating EU agreements

11h38 British trade minister Liam Fox will use a two-day trip to the World Economic Forum in Davos to meet ministers from around the world to discuss rolling over existing EU trade agreements after Britain. . .  Full story

France opens 300 MW solar tender in Fessenheim nuclear conversion plan

11h35 The French government said it has opened bids for a 300 megawatt solar power project as part of the conversion programme for its Fessenheim nuclear power plant that is due to be decommissioned by. . .  Full story

States, savings banks near accord over NordLB recapitalisation -source

10h22 German regional states and savings banks are nearing an accord over the recapitalisation of public sector lender NordLB, a person close to the matter said.. . .  Full story

Antofagasta posts record quarterly production

10h00 Chilean copper miner Antofagasta Plc ended the year with annual output at the higher end of its forecast, boosted by record fourth-quarter production as well as better grades and output at its Centinela mine.. . .  Full story

Apollo Global to acquire RPC for 3.3 bln pounds

09h15 RPC Group said on Wednesday Apollo Global Management agreed to buy Europe's biggest plastics packaging maker for 3.3 billion pounds ($4.28 billion) in cash, ending months of negotiations.. . .  Full story

Australia shares extend losses as growth fears rattle global markets, NZ nearly flat

07h46 Australian shares ended lower on Wednesday, with financial and mining stocks leading losses as investors remained cautious due to slowing global growth and the ongoing war.. . .  Full story

COLUMN-U.S. shale boom set to cool in 2019: Kemp

03h00 U.S. crude oil production will continue to grow through 2019 and 2020, but at a much slower pace than in 2018, according to the latest forecasts from the U.S. Energy Information Administration.. . .  Full story

Cloud, services fuel IBM's profit beat, robust outlook; shares jump

02h53 IBM Corp beat Wall Street quarterly earnings estimates and also forecast 2019 profit above expectations on Tuesday, in the latest indication that Chief Executive Officer Ginni Rometty's efforts to turn around the technology services company. . .  Full story

France mulls converting Cordemais coal power generators to biomass

00h37 The French government and utility EDF will study the possibility of converting the 1.2 gigawatts (GW) Cordemais coal power generators to burn biomass due to its importance in guaranteeing security of supply, the energy ministry. . .  Full story

Renault convenes board to turn page on Ghosn era

22/01 Renault has called a board meeting to replace Chairman and Chief Executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan in the wake of Ghosn's arrest in. . .  Full story

ED&F Man files $284 mln suit against Hong Kong firms, alleges metals fraud

22/01 Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent warehouse receipts for nickel stored in Asia, court documents show. The. . .  Full story

New York cocoa drops to month low; sugar, coffee also down

22/01 New York cocoa futures slumped to the lowest in a month on Tuesday as rains in Ivory Coast improved the outlook for crops and helped trigger the liquidation of long positions by funds as. . .  Full story

No-deal Brexit would threaten Scotch whisky export growth, say producers

22/01 Leaving the EU in March without a deal would pose risks to Scotch whisky’s current healthy rates of export growth, the Scotch Whisky Association said on Tuesday.. . .  Full story

Aluminium hits near one-month high on signs of tighter China supply

22/01 Aluminium prices hit their highest in nearly a month on Tuesday as investors brushed off weaker economic growth in China to focus on signs of falling production.. . .  Full story

-French payments business Ingenico warns on core profit

22/01 French payments company Ingenico's 2018 earnings before interest, tax, depreciation and amortisation (EBITDA) will be lower than expected, the company warned on Tuesday, citing underperformance in its Banks & Acquirers division.. . .  Full story

Davos bankers try to put brave face on gloomy outlook

22/01 The International Monetary Fund has cut its global growth forecasts for the second time in three months. Central banks in the U.S. and Europe are reversing a decade of ultra-loose monetary policy. Trade tensions. . .  Full story

The World Economic Forum at Davos

22/01 World leaders and top CEOs meet at Davos in Switzerland this week to discuss how to steer policy amid worries of slowing economic growth, damaging trade wars and Brexit. Reuters. . .  Full story

Scandal-hit Patisserie Valerie owner calls in administrators

22/01 British cafe chain owner Patisserie Holdings Plc on Tuesday appointed audit firm KPMG as administrators after it was unable to renew its bank facilities in the aftermath of an accounting scandal.. . .  Full story

DAVOS-StanChart CFO says second referendum "a way forward" to break Brexit stalemate

22/01 The chief financial officer of Asia-focused bank Standard Chartered believes a second referendum on Britain's membership of the European Union could be a way to end a paralysing parliamentary deadlock on future ties with the. . .  Full story

Fresh global growth worries drag on FTSE 100; lift-off for easyJet

22/01 Britain's FTSE 100 posted its worst day in nearly a month on Tuesday as renewed global economic slowdown worries sparked a sell-off across the U.S., Asian and European markets and a stronger pound weighed,. . .  Full story

UK finance minister backs calls for tougher bank disputes scheme

22/01 British finance minister Philip Hammond called on banks to strengthen a proposed redress scheme for small businesses, which lawmakers and victims argue is too soft on lenders.. . .  Full story

Illycaffe could broaden JAB capsule deal to marketing

22/01 Illycaffe could broaden its partnership with JAB Holding, Chairman Andrea Illy said on Tuesday, but ruled out the investment group taking a stake in the family-owned Italian premium coffee maker.. . .  Full story

Russia's Novak will not attend Davos - energy ministry

22/01 Russia's Energy Minister Alexander Novak will not fly to Switzerland to attend the Davos world economic forum due to changes in his schedule, an energy ministry spokeswoman told Reuters on Tuesday.. . .  Full story

Patisserie Valerie owner appoints KPMG as administrator

22/01 British cafe chain owner Patisserie Holdings said on Tuesday it appointed audit firm KPMG as administrator after it was unable to renew its bank facilities.. . .  Full story

UBS and global growth concerns drive down European shares

22/01 European shares extended their slide on Tuesday as growth worries weighed on global markets while results from Switzerland's UBS dragged on the banking sector.. . .  Full story

No-deal Brexit puts Bentley's return to profit at risk

22/01 Loss-making carmaker Bentley is on track to be profitable this year but a no-deal Brexit puts that at "fundamental risk", its boss told Reuters, adding that the chance of Britain leaving the EU on. . .  Full story

Spanish yields hit six-month lows after record demand at 10-year bond sale

22/01 Spain's long-dated government bond yields fell to six-month lows on Tuesday after a new 10-year bond, sold via a syndicate of banks, attracted record demand.. . .  Full story

DAVOS-Huawei calls for swift end to case of executive arrested in Canada

22/01 China's Huawei Technologies wants a quick resolution of the case of its former finance chief Meng Wanzhou, who is accused of violating U.S. sanctions on Iran and has been detained in Canada, its chairman said. . .  Full story

Johnson Controls CEO sees slowdown in China hurting its auto business

22/01 The chief executive officer of Johnson Controls International Plc said on Tuesday that he was seeing a slowdown in automotive production in China, an important segment for the Irish-based car batteries maker.. . .  Full story

Colfax picks Goldman to sell Howden business - sources

22/01 Colfax Corp is pressing ahead with plans to sell its air and gas handling unit Howden as part of a shift to focus on the medical devices industry and has hired Goldman Sachs to. . .  Full story

France, Germany try to "show the way forward" for embattled EU project

22/01 The leaders of France and Germany signed a new treaty on Tuesday to update their 1963 post-war reconciliation accord, aiming to reinvigorate the European Union's main axis as growing eurosceptic nationalism tests the bloc's cohesion.. . .  Full story

P&O to change flag of UK ships to Cyprus ahead of Brexit

22/01 British ferry and shipping freight operator P&O will shift the registration of its UK vessels to Cyprus ahead of Britain's departure from the European Union, in part to keep its tax arrangements in the. . .  Full story

Experts say it’s safe to raise limit for tremors at Britain's fracking sites

22/01 Britain could safely raise the limit for tremors at gas fracking sites, two seismologists said on Tuesday.. . .  Full story

London Metal Exchange to launch seven new contracts: Andy Home

22/01 The London Metal Exchange (LME) has unveiled details of seven new contracts that will launch on March 11.. . .  Full story

Smaller EU states block pre-Brexit reform of finance supervisors

22/01 Smaller European Union states led by Luxembourg on Tuesday blocked a plan to strengthen EU financial regulators' grip over money managers ahead of Brexit.. . .  Full story

Surging labour market boosts UK economy ahead of Brexit

22/01 British workers' pay grew at the fastest pace in over 10 years and employment jumped much more than expected in the three months to the end of November, contrasting with other signs of an. . .  Full story

Denmark to tighten rules for bank bosses as Danske Bank hits image

22/01 Danish financial firms risk problems getting financing and risk capital abroad if there is a repeat of the Danske Bank money laundering scandal, the country's financial regulator said, as lawmakers sought to toughen liability rules. . .  Full story

German investor morale brightens, but view on current condition grim

22/01 Morale among German investors improved slightly in January, but their assessment of the economy's current condition deteriorated to a four-year low, a survey showed on Tuesday, sending mixed signals for the growth outlook of Europe's. . .  Full story

Verdi union speaks out against any Deutsche Bank, Commerzbank merger

22/01 Germany's Verdi labour union on Tuesday voiced concern over any possible merger between Germany's largest banks – Deutsche Bank and Commerzbank.. . .  Full story

Croatia takes more short-term debt than planned, yield flat

22/01 Croatia sold 1.41 billion kuna ($215.75 million) worth of one-year treasury bills at an auction on Tuesday, with the yield staying flat, finance ministry data showed. The bills yielded 0.09 percent.. . .  Full story

Preferred bidders for Elior's Areas arm to be chosen by March -sources

22/01 Preferred bidders for the Areas business of French company Elior are expected to be chosen by the start of March, a source close to the matter told Reuters.. . .  Full story

IMF's Lagarde says no-deal Brexit is "obviously the worst case scenario" - CNBC

22/01 IMF Managing Director Christine Lagarde told CNBC on Tuesday that Brexit poses uncertainty for Europe and UK and that a no-deal Brexit is "obviously the worst case scenario".. . .  Full story

Mercedes-Benz will produce electric batteries in Poland - PM

22/01 Daimler-owned Mercedes-Benz Cars will start producing electric batteries in Jawor, Poland, the Polish Prime Minister Mateusz Morawiecki said on Tuesday, as the company looks to ramp up its investments into electric batteries in the coming. . .  Full story

Jupiter appoints ex-Janus Henderson boss Formica as new CEO

22/01 Jupiter Asset Management has named ex-Janus Henderson boss Andrew Formica as chief executive after veteran investor Maarten Slendebroek said he will step down on March 1.. . .  Full story

IG Group shares fall as regulatory clampdown hits profit

22/01 Shares of IG Group Holdings Plc fell 12 percent on Tuesday after the online financial trading company reported a slump in first-half earnings as new regulations made it harder for some clients to use. . .  Full story

EXCLUSIVE-Autogrill submitted a bid for Elior's Areas business - source

22/01 Italy's Autogrill has submitted a bid for the railways, motorway and airport catering business of France's Elior, a source told Reuters on Tuesday.. . .  Full story

Bridgewater's founder Dalio sees significantly slower growth in Europe and U.S.

22/01 The founder and chairman of hedge fund Bridgewater Associates, Ray Dalio, said he sees significantly slower growth rates in Europe and United States.. . .  Full story

Hugo Boss shares rise on wholesale, retail acceleration

22/01 Shares in German fashion house Hugo Boss jumped on Tuesday after it reported sales growth picked up at the end of 2018 across its stores, online and at its wholesale business, which benefited from. . .  Full story

How Britain's retailers fared over Christmas

22/01 British retailers are giving updates on Christmas trading, by far their busiest and most important period of the year, stretching from "Black Friday" on Nov. 23 to early January clearance sales.. . .  Full story

Danske faces new investor lawsuit threat

22/01 Litigation funder IMF Bentham has teamed up with legal experts Quinn Emanuel and Njord Law Firm and plans to file a shareholder lawsuit against Danske Bank by July over a 200 billion euro ($230 billion). . .  Full story

India's Sun Pharma takes steps to ease governance concerns; shares rally

22/01 India's top drugmaker by market value Sun Pharmaceutical Industries announced on Tuesday a new local distributor and other measures in a bid to ease investor concerns over its corporate governance, sending its shares up more. . .  Full story

Boss of UK builder Kier goes after share sale snub

22/01 Kier Group Chief Executive Haydn Mursell is leaving the British builder with immediate effect, the company said on Tuesday, a month after many of its shareholders refused to buy into a new issue of. . .  Full story

Euro zone banks see moderation in loan demand, tighter standards: ECB

22/01 Euro zone banks expect to tighten credit standards for business and housing loans in the first quarter and experience a moderation in loan demand, the European Central Bank said on Tuesday in a quarterly. . .  Full story

Toyota, Panasonic announce battery venture to expand EV push

22/01 Toyota Motor Corp and Panasonic Corp are launching a joint venture next year to make electric vehicle (EV) batteries, leveraging the heft of one of the world's largest automakers and battery makers to expand their. . .  Full story

KPMG subject of second UK investigation over Carillion audit

22/01 Britain's Financial Reporting Council (FRC) has opened a second investigation into how accounting firm KPMG audited the books of collapsed UK construction company Carillion, the watchdog said on Tuesday.. . .  Full story

Remy Cointreau shares fall on concerns over Chinese growth

22/01 Remy Cointreau's shares fell on Tuesday, surrendering early gains made at the start of trading, as analysts cited concerns over the outlook for China - a key market for the French spirits company.. . .  Full story

Close Brothers sees "solid" HY on loan book growth

22/01 Close Brothers Group expects a "solid outcome" for its fiscal half year ending in January, the British lender said, as loan growth at its banking division offset sharply lower volumes at its market maker. . .  Full story

Pets at Home quarterly like-for-like revenue rises

22/01 Britain's Pets at Home Group Plc on Tuesday reported a 5.1 percent rise in quarterly like-for-like revenue, on higher demand for its pet products and grooming services.. . .  Full story

Tokyo court denies latest bail request of Nissan's Ghosn

22/01 Carlos Ghosn's latest request for bail was rejected by a Tokyo court on Tuesday, despite the ousted Nissan chairman offering to wear an electronic ankle tag in an unusual bid to win release after. . .  Full story

Logitech raises FY outlook after gaming-powered third quarter

22/01 Logitech International SA raised its full-year profit outlook on Tuesday, after strong growth in its gaming hardware business helped the computer peripheral and mobile speaker maker beat third-quarter expectations.. . .  Full story

EXCLUSIVE-ISTIM slowing metal flow out of its LME warehouses - sources

22/01 Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close. . .  Full story

Scientists make gene-edited chickens in bid to halt next pandemic

22/01 British scientists are developing gene-edited chickens designed to be totally resistant to flu in a new approach to trying to stop the next deadly human pandemic.. . .  Full story

Oil and gas executives expect to boost spending this year-survey

22/01 The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.. . .  Full story

ANALYSIS-China readies first perpetual bond issue by bank, but demand could be weak

22/01 China took a big step last week on the long road toward recapitalisation of banks hobbled by stale loans, giving a first ever approval for a perpetual bond issue by a lender, but going. . .  Full story

Strike hits French nuclear and coal generation units

22/01 A strike in the French power sector has reduced power generation at state-controlled utility EDF's 1,300 megawatt (MW) St. Alban 1 nuclear reactor by around 80 percent, electricity grid operator RTE said on Monday.. . .  Full story