Europe Business

Asian refiner profits hammered by free-fall in fuel oil margins

01h00 Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulphur fuel oil (HSFO) ahead of a shift to cleaner marine fuels next year.. . .  Full story

Trump caught off guard as Iran's Zarif visits G7 summit town

25/08 Iran's foreign minister paid a visit to a G7 summit in France on Sunday, an unexpected twist to a meeting already troubled by differences between U.S. President Donald Trump and Western allies over a. . .  Full story

Trump regrets not raising tariffs on China higher, White House says

25/08 President Donald Trump wishes he had raised tariffs on Chinese goods even higher last week, the White House said on Sunday, even as Trump signaled he did not plan to follow through with a. . .  Full story

Merkel's Bavarian allies call for German climate bond

25/08 Germany's Christian Social Union (CSU), the sister party of Chancellor Angela Merkel's Christian Democrats (CDU), are planning to launch a climate bond to help fund its efforts to reduce emission targets.. . .  Full story

Protest chaos grips Hong Kong with tear gas, water cannon and pouring rain

25/08 Police fired water cannon and tear gas in running battles with brick-throwing anti-government protesters in Hong Kong on Sunday, the second day of violent clashes in the Chinese-ruled city.. . .  Full story

German finance minister backs plans for wealth tax -Handelsblatt

25/08 German Finance Minister Olaf Scholz is backing plans for a wealth tax that his Social Democrats (SPD) want to introduce, the online edition of business daily Handelsblatt reported.. . .  Full story

UK PM Johnson says 39 bln stg divorce bill not due in no-deal Brexit

25/08 Prime Minister Boris Johnson said on Sunday that if Britain leaves the European Union without a deal, it will no longer legally owe the 39 billion pound ($47.88 billion) divorce bill agreed by his. . .  Full story

Trump paints picture of unity at prickly G7 summit

25/08 U.S. President Donald Trump said on Sunday he was getting along well with Western allies at a G7 summit in France, dismissing reports of rifts among leaders and declaring that they "respect" the trade. . .  Full story

Britain's Cuadrilla says 'micro seismic event' occurred at fracking site near Blackpool

25/08 British shale gas company Cuadrilla Resources said a tremor measuring 2.1 ML on the Richter scale was recorded at the company's shale gas exploration site late on Saturday.. . .  Full story

UK Labour's McDonnell privately says party should campaign to prevent Brexit- report

25/08 The finance chief of Britain's main opposition Labour Party has said privately that the party should campaign to prevent Brexit, the Sunday Times newspaper reported http://bit.ly/30xzqCv.. . .  Full story

UK's Johnson tells Trump: Lower your trade barriers to seal UK deal

24/08 Prime Minister Boris Johnson used a pre-G7 summit phone call to U.S. President Donald Trump to demand he lower trade barriers and open up parts of the U.S. economy to British firms, citing a. . .  Full story

Squabbles erupt as G7 leaders open summit in French resort

24/08 Squabbles erupted among G7 nations on Saturday as their leaders gathered for an annual summit, exposing sharp differences on global trade tensions, Britain's exit from the EU and how to respond to the fires raging. . .  Full story

French police fire tear gas, water cannons at anti-G7 protesters

24/08 French riot police used water cannons and tear gas on Saturday to disperse anti-capitalism protesters in Bayonne, near the resort of Biarritz where President Emmanuel Macron and G7 nation allies were meeting for a three-day. . .  Full story

Britain joins Germany in criticising Macron's Mercosur threat

24/08 Britain joined Germany on Saturday in criticising French President Emmanuel Macron's decision to block a trade deal between the European Union and the Mercosur group of southern American countries to pressure Brazil on Amazon forest. . .  Full story

French police use water cannons, tear gas on anti-G7 protesters

24/08 French riot police briefly used water cannons and tear gas on Saturday to disperse anti-capitalism protesters in Bayonne, near the resort of Biarritz where President Emmanuel Macron and G7 nation allies were meeting for a. . .  Full story

UK PM Johnson to tell Trump to de-escalate trade tensions

24/08 British Prime Minister Boris Johnson said on Saturday he would tell President Donald Trump at this weekend's G7 summit to pull back from a trade war that is already destabilising economic growth around the. . .  Full story

Global disputes set to jolt G7 summit in French resort

24/08 U.S. President Donald Trump arrived in France on Saturday for what promises to be a fraught meeting of major industrialised nations, with friction over trade, climate change and Iran likely to snarl the talks.. . .  Full story

Hong Kong protests met with tear gas; China frees UK mission staffer

24/08 Hong Kong police fired volleys of tear gas to break up anti-government protests in a gritty industrial suburb on Saturday after activists threw petrol bombs and bricks, as China freed a British consulate worker. . .  Full story

France's Macron says Europe looking at "new tax cuts" to stimulate growth

24/08 French President Emmanuel Macron said on Saturday Europe will "probably" decide to launch new tax cuts to kick-start a flagging economy threatened by a tit-for-tat trade war between the United States and its global partners.. . .  Full story

Employee of Britain's Hong Kong mission held in China released - police

24/08 An employee of the British consulate in Hong Kong who was detained in China's border city of Shenzhen amid accusations of outside interference in pro-democracy protests in Hong Kong was released on Saturday, Chinese police. . .  Full story

Sajid Javid prepares ground for no-deal emergency budget - The Times

24/08 British finance minister Sajid Javid is preparing ground for a no-deal emergency budget in the fortnight before Britain leaves the European Union, The Times reported.. . .  Full story

New EU import curbs on fruit not Canada specific -Canadian minister

24/08 New European Union rules that could block shipments of Canadian cherries and other fruits to the 28-nation grouping apply to all countries and "was not unusual," a senior Canadian official said on Friday.. . .  Full story

Britain wants U.S. trade deal quickly, but terms have to be right - UK spokeswoman

23/08 Britain wants to agree a post-Brexit trade deal with the United States quickly, but the terms have to work for both sides, a British spokeswoman said on Friday ahead of a meeting between Prime. . .  Full story

Transat shareholders approve Air Canada's C$720 mln bid for leisure group

23/08 Transat AT Inc shareholders on Friday overwhelmingly voted in favor of Air Canada's bid for the leisure group, in a deal that still requires domestic and European regulatory approval.. . .  Full story

California rare earths miner races to refine amid U.S.-China trade row

23/08 The owner of the only U.S. rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China. . .  Full story

Auto companies in India cut more jobs, halt production to tackle slowdown

23/08 With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by. . .  Full story

India rolls back tax hike on investors; outlines steps to boost sentiment

23/08 India is rolling back recent tax hikes on foreign and domestic equity investors and is accelerating a capital infusion of $10 billion into state-run banks, the finance minister said late on Friday, in an. . .  Full story

European shares slide as U.S.-China trade war intensifies

23/08 European shares fell on Friday after U.S. President Donald Trump furiously reacted to China's latest imposition of tariffs on certain U.S. goods, while a lack of direction in the U.S. central bank's rate outlook. . .  Full story

Trump tweet topples FTSE 100

23/08 London's main share index handed back its early gains to end lower on Friday after U.S. President Donald Trump's tweeted "order" that U.S. companies shut operations in China, which dragged internationally exposed miners and. . .  Full story

Copper falls to lowest since June 2017 as trade war escalates

23/08 Copper prices fell to the lowest in more than two years as an escalating trade conflict between China and the United States, faltering Chinese economic growth and a weakening yuan undermined the outlook for. . .  Full story

British Airways pilots to strike for three days in September

23/08 British Airways pilots are to go on strike for three days in September, their union said on Friday, in a dispute over pay that could disrupt the peak summer holiday season.. . .  Full story

Ryanair to shut four Spanish base next year -union

23/08 Ryanair has decided to close its Spanish bases in Las Palmas, Tenerife South, Lanzarote and Girona from January, putting the jobs of more than 500 pilots and cabin crew at risk, the local USO. . .  Full story

'Dear Vladimir': VTB asks for Putin's help to create Russian grain champion

23/08 Russian state-controlled bank VTB has asked President Vladimir Putin to help it create a Russian grain champion to curb the role of foreign traders and give the state greater control over exports, a letter. . .  Full story

Euro zone bond yields fall on China tariffs and Fed cut expectations

23/08 Euro zone bond yields dipped on Friday after China introduced retaliatory tariffs on $75 billion of U.S. goods, while Federal Reserve chair Jerome Powell gave few clues about whether the central bank will cut. . .  Full story

Hong Kong families form peaceful human chains ahead of airport protest

23/08 Thousands of chanting Hong Kong protesters joined hands to form human chains on Friday in a peaceful protest, with almost three months of anti-government demonstrations showing no sign of let-up across the Chinese-ruled territory.. . .  Full story

Woodford listed fund hits record low on valuation cut

23/08 Shares in Woodford Capital Patient Trust, the listed fund run by money manager Neil Woodford, hit a record low on Friday after the trust's administrator said it would cut the valuation of one of. . .  Full story

Weekend strike at Barcelona airport cancels at least 124 flights

23/08 Spain's largest airline, Vueling, has cancelled 112 flights scheduled for Saturday and Sunday because of a strike by ground staff at Barcelona's El Prat airport.. . .  Full story

EU piles pressure on Brazil over Amazon fires

23/08 The European Union piled pressure on Friday on Brazilian President Jair Bolsonaro over fires raging in the Amazon basin, with Ireland and France saying they could block a trade deal with South America.. . .  Full story

Asian prices steady as heat in Japan bolsters demand

23/08 Asian spot prices for liquefied natural gas (LNG) held steady this week, supported by demand from Japan where sweltering weather continued, catching some buyers short.. . .  Full story

Japan's biggest asset manager to expand into U.S. market -CEO

23/08 Japan's biggest asset manager plans to expand into the United States for the first time as part of efforts to win more money from overseas clients, its chief executive told Reuters.. . .  Full story

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading -sources

23/08 Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said.. . .  Full story

Trafigura takes stake in Frontline in $675 mln tanker deal

23/08 Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million which will make the Geneva-based trading firm the group's second biggest shareholder.. . .  Full story

U.S. fines Deutsche Bank $16 mln to settle China, Russia corruption charges

23/08 Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign government officials in order to win or retain business, the U.S.. . .  Full story

Legal & General plans rival product to compete with new pension superfunds

23/08 UK insurer Legal & General aims to take on incoming pension superfunds with a similar product of its own to bolster corporate retirement schemes, a company executive told Reuters.. . .  Full story

Woodford struggles to build bridges with UK financial advisers

23/08 With his flagship 3.7 billion pound ($4.5 billion) fund frozen, money manager Neil Woodford has been travelling around Britain trying to convince independent financial advisers (IFAs) his firm remains a good long-term bet.. . .  Full story

Swedish regulator delays Swedbank money-laundering probe report

23/08 The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing back the deadline by. . .  Full story

Glencore, Trafigura buy metal in Qingdao court auctions

23/08 Commodity traders Glencore PLC and Trafigura have picked up a combined 70,479 tonnes of aluminium over the past week by winning online auctions of metal inventory dating back to China's 2014 Qingdao warehousing scandal, according. . .  Full story

Deutsche Bank to transfer up to 800 to BNP in prime brokerage deal - source

23/08 A deal in the works for BNP Paribas to assume the prime brokerage operations of Deutsche Bank will involve the transfer of up to 800 people, a person with knowledge of the matter said. . .  Full story

Japan's SMFG to buy British asset manager to bolster fee-based revenue

23/08 Sumitomo Mitsui Financial Group (SMFG) said on Friday it would acquire British asset manager TT International, in a move to generate a fee-based revenue and attract Japanese investors hamstrung by low domestic returns.. . .  Full story

UBS taps BoE adviser van Steenis for sustainable finance, IR roles

23/08 UBS Group has hired Huw van Steenis, a former senior adviser to Bank of England Governor Mark Carney, to head investor relations and a new sustainable finance committee at Switzerland's largest bank, it said. . .  Full story

Hong Kong unions urge Cathay Pacific to end "white terror"

23/08 Cathay Pacific Airways , which is caught in the crosswinds between authorities in Beijing and anti-government protesters in Hong Kong, must put an end to "all forms of white terror", trade unions in the Chinese-ruled. . .  Full story

UK competition watchdog reprimands RBS, Santander over PPI procedures

23/08 Britain's competition watchdog has ordered Royal Bank of Scotland and Santander to appoint auditors to check how they remind customers who have payment protection insurance (PPI), amid a mis-selling scandal over the policies.. . .  Full story

Japan's Tepco to submit decommissioning plan regarding five reactors -media

23/08 Tokyo Electric Power will submit to a municipal official on Monday a plan regarding the decommissioning of five reactors at its Kashiwazaki-Kariwa nuclear station, the world's biggest atomic plant, Jiji Press said.. . .  Full story

Eddie Stobart CEO steps down, suspends trading

23/08 Eddie Stobart Logistics Plc on Friday announced the departure of Chief Executive Officer Alex Laffey and suspended shares from trading after it failed to publish its half-year results in time.. . .  Full story

Norway's Wallenius Wilhelmsen Ocean charged in Australia

23/08 Norwegian shipping company Wallenius Wilhelmsen Ocean AS (WWO) has been charged with criminal cartel conduct, Australian Competition and Consumer Commission (ACCC) said on Friday.. . .  Full story

Protest fears stalk Hong Kong businesses as China threat looms

23/08 Walking a tightrope between anti-government protests and political masters in Beijing, many Hong Kong firms are opting to toe the Communist Party line to avoid potential repercussions having seen what happened at Cathay Pacific. . .  Full story

H.I.S. abandons fight for Unizo, leaves SoftBank firm as sole bidder-Nikkei

23/08 Japanese travel agency H.I.S. Co has given up its bid for a controlling stake in Unizo Holdings, Nikkei Business reported on Friday, after a SoftBank-owned firm made a $1.3 billion 'white knight' offer for the. . .  Full story

Malaysia's Mahathir says linking palm oil to deforestation "baseless"

23/08 Malaysian Prime Minister Mahathir Mohamad on Friday said linking the production of palm oil to deforestation was "baseless, unfair and unjustified", and that the industry has grown responsibly.. . .  Full story

Canadian Consulate suspends travel to China for Hong Kong staff

23/08 The Canadian Consulate in Hong Kong said on Friday it has suspended travel to mainland China for local staff, just days after an employee of the city's British Consulate was confirmed to have been. . .  Full story

COLUMN-Shanghai aluminium rattled by reports of smelter outages: Andy Home

23/08 The price of aluminium in Shanghai traded at nine-month highs this week on the back of Chinese smelter outages.. . .  Full story

Hasbro takes home Peppa Pig, PJ Masks in $4 bln eOne deal

23/08 Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig. . .  Full story

EU set to halt imports of Canadian cherries, other fruits -document

23/08 The European Union will halt imports of Canadian cherries and other fresh fruits starting Sept. 1 as it enforces new import requirements related to pests, according to a Canadian government document sent to industry. . .  Full story

BT Group in talks to sell Irish corporate business -Sky News

22/08 Britain's BT Group Plc is in talks to sell its corporate business in Ireland to London-based Mayfair Equity Partners, a Sky News reporter tweeted on Thursday.. . .  Full story

Trump's message to G7 leaders this weekend: Be more like U.S.

22/08 President Donald Trump will highlight U.S. economic policies under his stewardship at meetings with other G7 leaders this weekend in France and encourage allies to follow the American model to stave off problems with the. . .  Full story

Dutch fintech Adyen's founders selling 15% of their stakes

22/08 Dutch fintech company Adyen said on Thursday its founders are selling part of their shareholdings in the group to diversify their risk.. . .  Full story

European shares end lower in choppy session, FTSE lags

22/08 European shares fell on Thursday as mixed readings of business growth across major economies and uncertainty over the U.S. interest rate outlook made investors nervous, while a jump in the pound dented London stocks.. . .  Full story

EU hopes to ease trade tension with U.S. at G7 summit, official says

22/08 The European Union hopes to ease trade tensions with U.S. President Donald Trump when the leaders of the world's seven major advanced economies meet in France over the weekend, a senior EU official said. . .  Full story

FTSE 100 falls after Fed minutes, pound rally

22/08 London's FTSE 100 fell on Thursday as the latest signals from the U.S. Federal Reserve dampened hopes of hefty interest rate cuts, while exporter stocks slipped as the pound rose after German Chancellor Angela. . .  Full story

Industrial metals fall as trade war hammers China's yuan

22/08 Copper and other industrial metals prices fell on Thursday as the United States and China exchanged threats in their trade dispute and the yuan slumped to an 11-year low against the dollar.. . .  Full story

Swiss telco Sunrise fights to save $6.4 bln Liberty deal

22/08 Swiss telecoms firm Sunrise Communications on Thursday stepped up efforts to rescue its takeover of Liberty Global's Swiss unit amid criticism from its top shareholder, saying it had found new synergies and could cut a. . .  Full story

Shut out of China, Canada finds canola buyers in drought-damaged Europe

22/08 Crop-scorching drought in Europe is providing Canadian canola farmers a timely new opportunity to move supplies that have piled up since China stopped buying this year.. . .  Full story

Euro zone bond yields up on more promising PMIs

22/08 Most euro zone bond yields rose on Thursday after data showed service sector activity picked up in August and manufacturing contracted less than expected.. . .  Full story

Estonia to allow savers to unlock 4 bln euros in state pension funds from 2021

22/08 Estonia is planning to allow savers to unlock 4 billion euros ($4.43 billion) in funds from its state pension scheme from the start of 2021, its Finance Minister Martin Helme said on Thursday.. . .  Full story

CMC Markets confident on outlook even as it braces for Australia clampdown

22/08 British online trading firm CMC Markets Plc said on Thursday it expects its full-year results will top analysts' forecasts as it bounces back after being hit by regulatory changes in the industry.. . .  Full story

Ukraine, EU oppose Trump's suggestion of readmitting Russia to G7

22/08 Ukraine's president backed leading European powers on Thursday in opposing the readmission of Russia to the Group of Seven advanced economies, saying Moscow still occupied Crimea and was frustrating peace in eastern Ukraine.. . .  Full story

yr/10-yr gilt curve regains upward slope after week-long inversion

22/08 Britain's government bond yield curve briefly regained its normal upward slope on Thursday, after inverting last week for the first time since 2008 in a potential recession warning sign.. . .  Full story

BNP Paribas to cut 500 jobs at securities services arm in France

22/08 BNP Paribas plans to cut around 500 jobs at its securities services arm in France, a union representative said on Thursday, as the bank seeks to reduce costs and retain competitiveness.. . .  Full story

Slovenia PM pushes for construction of new nuclear reactor

22/08 Slovenian Prime Minister Marjan Sarec threw his weight on Thursday behind a tentative plan to build a new nuclear reactor to help support the country's economic growth.. . .  Full story

FM says Norway deliberating response to U.S.' Gulf naval mission plan

22/08 Norway's foreign minister said on Thursday it was deliberating how to respond to a U.S proposal on forming an international mission to safeguard shipping in the Gulf.. . .  Full story

Equinor secures subsidy for wind turbines at North Sea oilfields

22/08 Equinor will receive a 2.33 billion Norwegian crown ($260 million) subsidy for its planned construction of floating wind turbines to supply power to North Sea oil platforms, Norwegian state investment agency Enova said on Thursday.. . .  Full story

Shanghai aluminium rattled by reports of smelter outages: Andy Home

22/08 The price of aluminium in Shanghai traded at nine-month highs this week on the back of Chinese smelter outages.. . .  Full story

ECB eyes stimulus package as growth looks weaker: minutes

22/08 A combination of measures may be needed to prop up the euro zone economy, as recent indicators paint an even bleaker picture of the outlook, European Central Bank policymakers said at their July meeting,. . .  Full story

UK retail sales collapse at fastest pace since 2008 - CBI

22/08 British retail sales plunged in August at the fastest pace since December 2008, according to a survey published on Thursday that added to signs of a slowing economy ahead of Brexit in just over. . .  Full story

Iran ready to work on French nuclear deal proposals, does not want war - foreign minister

22/08 Iran is prepared to work on French proposals to salvage the international nuclear deal that Tehran signed with world powers in 2015 but it will not tolerate U.S. interference in the Gulf,. . .  Full story

What summer lull? Bankers prep for corporate bond rush as yields shrink

22/08 European companies are expected to take advantage of some of the lowest borrowing costs ever to try to issue as much debt as possible when the market reopens after the summer break - or. . .  Full story

Serbia lost 298 million euros from Kosovo tariffs, minister says

22/08 Serbia has suffered damages amounting to around 0.7 percent of its gross domestic product since Kosovo, its former southern province, introduced 100% import tariffs last November, the country's trade minister said on Thursday.. . .  Full story

Irish businesses most exposed to Brexit aren't ready, government warns

22/08 Some of the Irish businesses most exposed to the risk of Britain crashing out of the European Union in 10 weeks are not very well prepared, Ireland's government warned on Thursday.. . .  Full story

Russia's Mail.ru expands in car sharing with YouDrive stake

22/08 Russian internet group Mail.ru has teamed up with investment firm Proxima Capital to buy a controlling stake in car-sharing operator YouDrive, which it may fold into its planned food and taxi joint venture with state-run. . .  Full story

Antofagasta cuts costs to beat copper price fall

22/08 Chilean miner Antofagasta Plc delivered slightly better than expected half-year profit as it reined in costs to cope with lower copper prices, which have been hit by softer Chinese demand and the drawn-out Sino-U.S. trade. . .  Full story

Banks call for order in Hong Kong as jewellers warn of trade fair dud

22/08 Hong Kong banks published full-page newspaper ads calling for law and order in the Chinese-ruled city and international jewellers sought the rescheduling of a huge trade fair as weeks of pro-democracy protests showed no sign. . .  Full story

Iran is prepared to work on French nuclear deal proposals - foreign minister

22/08 Iran is prepared to work on French proposals to salvage the international nuclear deal that Tehran signed with world powers in 2015, Foreign Minister Mohammad Javad Zarif said on Thursday.. . .  Full story

DNB failed to comply with anti-money laundering rules -Norway watchdog

22/08 Norway's Financial Supervisory Authority (FSA) found significant shortcomings in DNB's compliance with anti-money laundering (AML) regulations during a late-2018 inspection, the bank regulator said in a report released on Wednesday.. . .  Full story

Israel a global leader in growing market for cyber weapons

22/08 Israel, a leading provider of hacking and surveillance tools known as cyber weapons, or spyware, is easing requirements on selling the technology abroad.. . .  Full story

Premier Oil shares jump on higher profits, Zama stake disposal

22/08 Britain's Premier Oil reported a 23.5% jump in first-half profit on Thursday powered by record output and said it planned to sell its stake in the offshore Zama field in Mexico to reduce debt.. . .  Full story

Mali's new mining code ends tax exemptions, other protections

22/08 Mining companies operating in Mali will no longer be exempt from VAT during production and will have a shorter period of protection from fiscal changes, according to a new mining code. . .  Full story

Ryanair says no flight disruption so far from UK pilot strike

22/08 All Ryanair flights to and from British and Irish airports have departed without disruption so far on Thursday, the airline said, adding it also expected no impact for the rest of the day from. . .  Full story

Croatia gives state guarantee to keep shipyard afloat

22/08 The Croatian government said on Thursday it would guarantee loans of up to 150 million kuna ($23 million) to keep one of the country's biggest shipyards afloat and give it time to find a. . .  Full story

Infrastructure firm John Laing profit tanks; shares fall 9%

22/08 Infrastructure firm John Laing reported an 80% slump in first-half earnings on Thursday, hurt by writedowns of some assets in Australia and Europe as well as a one-off gain a year earlier, sending its. . .  Full story

Net immigration to UK falls to lowest since Dec 2013 - ONS

22/08 Net immigration to Britain sank to its lowest level since 2013 during the 12 months to the end of March, driven by a continued fall in the number of immigrants from the European Union. . .  Full story

Vietnam's largest firm Vingroup plans to launch airline in crowded market

22/08 Vingroup JSC has applied for a licence to launch an airline next year as Vietnam's largest conglomerate plans to expand its footprint in one of the fastest growing aviation markets, local media reported on Thursday.. . .  Full story

Thyssenkrupp files complaint over Brussels' veto on Tata JV

22/08 Thyssenkrupp on Thursday said it was filing a complaint with a European court to dispute an antitrust decision that blocks a planned joint venture with Tata Steel.. . .  Full story

Online UK supermarket Ocado reports fire at distribution centre

22/08 Ocado on Thursday reported a small fire at its customer fulfilment centre in Erith had been extinguished overnight, knocking shares in the British online supermarket and technology company.. . .  Full story

German businesses continue to underperform in August - PMI

22/08 Germany's private sector continued to struggle in August as a manufacturing recession dragged on and activity in the services sector eased slightly, a survey showed on Thursday, suggesting Europe's largest economy is heading for a. . .  Full story