Sectors Shares

Europe Business

Australia shares track lower on weaker commodity prices; NZ falls

04h46 Australian shares started the week lower on Monday with mining and oil stocks were pressured by weaker commodity prices while banks fell as the powerful Royal Commission inquiry into financial services resumed its work.. . .  Full story

Shanghai lead slips from 7-1/2-month top in holiday-thinned trade

04h02 Chinese lead futures retreated on Monday from their strongest level in nearly eight months, tracking losses in London in the prior session, as investors cashed in on the recent sharp gains.. . .  Full story

Smiths Group, ICU Medical in talks about medical division merger

27/05 British engineering firm Smiths Group Plc is in very early stage discussions about a potential combination of its medical division with U.S.-based ICU Medical Inc, the British group said on Sunday.. . .  Full story

France, Germany push for EU funding for technology start-ups

27/05 France and Germany are pushing for an EU-wide initiative to fund innovation and research in tech start-up projects across the bloc so that Europe can compete more effectively against the likes of China and. . .  Full story

Bulgaria reports bird flu outbreak at duck farm

27/05 Bulgaria's food safety agency authorities reported on Sunday an outbreak of the bird flu virus on a duck farm in the northeastern village of Stefanovo and said birds on the farm were being culled.. . .  Full story

Gulf Capital targets Middle East's "new oil" in consumer boom

27/05 Abu Dhabi-based Gulf Capital aims to invest $350 million over the next two years in areas such as consumer-led sectors and renewable energy, in a shift away from oil and gas and infrastructure.. . .  Full story

London's Stansted has flights disrupted by lightning strike

27/05 London's Stansted airport delayed, diverted and cancelled some flights after a lightning strike on an aircraft fuelling system during storms that unleashed more than 64,000 thunderbolts.. . .  Full story

Daimler faces scrutiny of 120,000 Vito, C-Class diesels -BamS

27/05 Daimler faces an investigation of 40,000 diesel Vito vans and 80,000 C-Class model cars for possible illicit software that allowed the vehicles to emit excess pollution without detection, Bild am Sonntag reported, citing no sources.. . .  Full story

Customers angry after National Australia Bank hit by technology outage

26/05 National Australia Bank on Saturday suffered what it described as a "nationwide outage" to some of its technology systems, leaving customers unable to access banking services or withdraw money.. . .  Full story

Oil prices slump as OPEC and Russia consider output boost

25/05 Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.. . .  Full story

Mobile says ex-Trump campaign manager advising on Sprint merger

25/05 T-Mobile US said it is getting advice on its proposed $26 billion merger with Sprint Corp from a lobbying firm whose staff includes several members of President Donald Trump's election team such as former campaign. . .  Full story

ICE raw sugar see biggest weekly gain this year, NY cocoa drops

25/05 ICE raw sugar edged higher in mixed trade on Friday, ending the week up nearly 7 percent as investors continued to cover a bearish stance amid persistent concerns over a trucker strike in Brazil.. . .  Full story

VW to reinstate lobbyist after suspension over diesel fume tests - Bild

25/05 Volkswagen plans to reinstate its chief lobbyist, Thomas Steg, who was suspended while the company investigated his role in tests that exposed monkeys and humans to toxic diesel fumes, a German newspaper reported on Friday.. . .  Full story

Agrokor to be taken over by creditors under proposed debt settlement plan

25/05 Indebted Croatian food group Agrokor will be taken over by a new Dutch-based company, owned by creditors, under a proposed debt settlement plan announced on Friday.. . .  Full story

Total's Saft plans over 200 million euros investment in next generation battery

25/05 French battery maker Saft, a unit of oil and gas major Total said on Friday it plans to invest over 200 million euros ($233 million) in a next generation European battery alliance project.. . .  Full story

LafargeHolcim to close Paris, Zurich head offices, axing 200 jobs

25/05 LafargeHolcim, the world's largest cement maker, will close its head offices in Paris and Zurich, eliminating 200 jobs as part of a cost-cutting drive.. . .  Full story

Lead cedes ground but still posts biggest weekly rise in 8 months

25/05 Lead fell on Friday as some buyers cashed in on a recent rally but the metal still posted its biggest weekly rise since September after this week's drop in available stocks, and as investors. . .  Full story

Spanish, Italian politics jolt euro zone stock markets as peripheral banks tumble

25/05 Euro zone shares hit a roadbump on Friday as heightened risk of a snap election in Spain piled new political anxiety on investors already shaken by the new Italian government's plans to ramp up. . .  Full story

Oil weighs on Britain's FTSE, Kingfisher shines

25/05 A slump in oil prices hit British majors on Friday, limiting the gains of the FTSE 100 benchmark index while Kingfisher shone after Australia's Wesfarmers said it would sell rival UK home improvement chain Homebase.. . .  Full story

Vedanta sticks with plan to expand Indian smelter despite deadly protests

25/05 London-listed Vedanta Resources hopes to restart its copper smelter in a southern Indian city and still wants to double its capacity despite protests demanding its closure that killed 13 people this week, a company executive. . .  Full story

Deutsche Bank job cuts being felt from Britain to Australia

25/05 The impact of Deutsche Bank's pledge this week to cut at least 7,000 jobs is already being felt from London to Sydney.. . .  Full story

U.S. allies facing steel import quotas could be worse off

25/05 U.S. government moves to negotiate steel import quotas with its allies in exchange for tariff exemptions could leave them worse off than countries who have to pay the levy.. . .  Full story

Veon expects Russia business to slow in coming quarters

25/05 Emerging markets telecoms operator Veon expects its business in Russia, its biggest market, to slow in coming quarters as the Russian economy is struggling to gain momentum.. . .  Full story

Complexity of central banking challenges its legitimacy - Coeure

25/05 Central banking is becoming increasingly complex and difficult to understand, supporting the case for new ways to communicate, European Central Bank board member Benoit Coeure said on Friday.. . .  Full story

French PM offers debt relief for railway shakeup

25/05 The French government, seeking to end a rail strike over one of President Emmanuel Macron's flagship reforms, said on Friday it would erase most of the SNCF rail company's debt if plans to make. . .  Full story

Old Mutual gets rough ride over share bonus plan at AGM

25/05 Old Mutual shareholders approved an employee share bonus plan on Friday, although the Anglo-South African financial services group faced a backlash over granting non-performance based awards to executives.. . .  Full story

China's CITIC pays CEFC's Czech debts to end spat, to take over J&T stake

25/05 Czech financial firm J&T said on Friday it had struck a deal with Chinese state conglomerate CITIC Group to settle debts owed by troubled Chinese company CEFC, ending a dispute.. . .  Full story

Norway hopes for bilateral UK trade talks during Brexit transition

25/05 Norway hopes to open bilateral trade talks with Britain before London's transition period to leave the European Union ends in 2020, as Brussels seems willing to show some flexibility on the question, the Norwegian. . .  Full story

EU agrees new capital rules, large banks secure easier terms

25/05 European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping stone towards a deal on a backstop for its. . .  Full story

Russian sanctions-hit Power Machines likely to withdraw from JV with Siemens - Mordashov

25/05 Russian power equipment producer, Power Machines, which was hit by the U.S. sanctions in 2018, will most probably withdraw from its Russian joint venture (JV) with Germany's Siemens, its owner Alexei Mordashov said.. . .  Full story

ECB resolve to end bond buys this year remains firm -sources

25/05 Sluggish growth has not weakened the European Central Bank's resolve to end a bond-buying scheme later this year but could make it more cautious about signalling interest rate hikes, conversations with four sources close to. . .  Full story

Sweden's Telia in talks to buy Bonnier's broadcasting business

25/05 Telecom group Telia confirmed it is in talks to buy Bonnier's broadcasting business, seeking to add TV content in a deal which a media report said could be worth 10-12 billion crowns ($1.2-$1.4 billion).. . .  Full story

Police says $13 billion laundered through Estonia

25/05 More than $13 billion (11 billion euros) were laundered through banks in the small Baltic state of Estonia from 2012-2016, with at least 7.3 billion euros in assets through non-resident bank accounts, police said on. . .  Full story

Pearson's London Strand HQ may be next to go in cost cutting drive

25/05 Pearson, the world's biggest education company, could move out of its London Strand headquarters as part of its latest drive to cut costs after U.S. students stopped buying so many textbooks.. . .  Full story

-Reduced costs of broker Beaufort's insolvency may provide relief for small mining firms

25/05 PwC halved the estimated costs of winding up British brokerage Beaufort Securities on Wednesday, potentially boosting funds for hard-pressed mining companies and other clients that are expected to shoulder the costs.. . .  Full story

Russia's Magnit eyes expansion at thousands of post offices-CEO

25/05 Russia's second-biggest food retailer Magnit plans to expand its reach by opening shops in thousands of Russian Post offices, eyeing efficiency gains from sharing transport infrastructure, Magnit's chief executive told Reuters.. . .  Full story

Leonardo shares rise on Canada helicopter fleet plans

25/05 Shares in Italian aerospace and defence group Leonardo jumped on Friday after Canada said it planned to work with the company to refurbish its fleet of search-and-rescue (SAR) helicopters.. . .  Full story