Europe Business

Bankinter's Q3 net profit falls 18%, bad debt provisions rise

11h14 Bankinter said on Thursday its third-quarter net profit fell 18% from the same period a year ago as the bank set aside more provisions to cope with worsening economic conditions in Spain as a. . .  Full story

Prosecutors searched Germany's Continental in diesel emissions probe

11h06 German auto supplier Continental on Thursday said its premises in the German cities of Hanover and Regensburg were searched by prosecutors on Sept. 22 as part of an ongoing probe into emissions cheating devices.. . .  Full story

Russia finds traces of African swine fever in pork products in some regions

10h59 Russia's agriculture safety watchdog said on Thursday it had found traces of African swine fever in pork products in several regions, urging them to step up controls and make sure producers don't use ill. . .  Full story

FTSE 100 slips to 5-month low as British Airways, virus concerns weigh

10h56 London's FTSE 100 hit a five-month low on Thursday as glum quarterly reports from firms, including British Airways-owner IAG, weighed on sentiment ahead of a parliament address by finance minister Rishi Sunak on the. . .  Full story

-Relx points to hefty annual losses for exhibitions business

10h54 European information business Relx Plc said on Thursday annual revenue could fall as much as 210 million pounds ($276.09 million) short of costs in its exhibitions business, as it suffered from coronavirus-driven halts in. . .  Full story

Siberian gold deposit is world's biggest by reserves - new estimate

10h54 Russia's largest gold producer Polyus said on Thursday its giant Sukhoi Log gold deposit in Siberia is the world's biggest by reserves.. . .  Full story

European stocks fall as German consumer morale weakens, virus cases spike

10h51 European stocks hit their lowest level in almost a month on Thursday, as a fall in German consumer morale, worries about soaring coronavirus cases in the continent and a U.S. stimulus impasse weighed on. . .  Full story

British Airways warns of deepening travel slump as losses mount

10h43 British Airways owner IAG warned the travel slump from the coronavirus pandemic had deepened, forcing it to axe even more of its winter flying schedule after it reported on Thursday a quarterly loss of. . .  Full story

Oil struggles to recover after U.S. gasoline stocks build

10h29 Oil prices ticked up on Thursday but struggled to fully recover from the previous session's losses when a build in U.S. gasoline inventories signalled a deteriorating outlook for fuel demand as coronavirus cases soar.. . .  Full story

Unibail shares fall as rebel investors build up stake

10h15 Shares in Unibail-Rodamco-Westfield (URW) fell sharply in early trading on Thursday, after a group of investors that opposes the shopping centre operator's planned capital hike said the group had increased its stake in the firm. . .  Full story

Gold retreats as dollar gains on U.S. stimulus doubts

10h11 Gold fell on Thursday as the dollar recovered some lost ground after doubts emerged on whether U.S. lawmakers could reach agreement on a new coronavirus aid package before the November presidential election.. . .  Full story

Deutsche Bank in talks to sell IT unit as it trims staff - sources

09h54 Germany's Deutsche Bank is in talks to sell IT services division Postbank Systems, people with knowledge of the matter said on Thursday.. . .  Full story

Italian yields hit 2-week highs with 30-year BTP sale in focus

09h49 Italian yields rose to a two-week high while core European government bond yields were stable on Thursday as hopes of a U.S. fiscal stimulus package persisted.. . .  Full story

Handbag maker Hermes echoes luxury sales rebound amid online surge

09h36 Hermes' comparable sales picked up in the third quarter, rising 7%, and the Birkin bag maker said this positive momentum had extended into October after a strong rebound in Asia and surging online revenues.. . .  Full story

Germans start "hamstering" toilet paper again as COVID-19 cases surge

09h17 Sales of toilet paper and disinfectants are on the rise again in Germany, the country's statistics office said on Thursday, as Europe's largest economy struggles with a second coronavirus wave.. . .  Full story

Copper slips from $7,000 as U.S. stimulus talks drag

09h16 London copper eased on Thursday, snapping three sessions of gains that pushed prices past $7,000 a tonne for the first time since June 2018, as traders fretted over the slow pace of talks to. . .  Full story

Unilever's third-quarter sales leap back to growth

09h16 Unilever reported a stronger-than-expected return to sales growth in the third quarter on Thursday led by emerging markets where it generates the bulk of its revenue.. . .  Full story

Schneider Electric ups 2020 revenue forecast as Q3 returns to growth

09h13 French electrical equipment group Schneider Electric SE raised its 2020 revenue and margin forecasts on Thursday, citing a better-than-expected third quarter helped by pent-up demand and distributors restocking.. . .  Full story

Britain's Travis Perkins sees trading improve as markets recover

09h11 Travis Perkins, Britain's biggest seller of building materials, upgraded its full-year earnings guidance and reported improved trading in its latest quarter as its markets recovered following the impact of the national coronavirus lockdown.. . .  Full story

Tissue maker Essity hit by stay-at-home trend, invests in digital

09h04 Swedish hygiene products group Essity's sales suffered again in the third quarter from the stay-at-home trend sparked by the COVID-19 pandemic, as well as the adverse effects of bulk-buying early in the outbreak, though lower. . .  Full story

UK's Sunak to unveil more job support as COVID cases mount

09h03 British finance minister Rishi Sunak looks set to unveil more support for businesses and workers hit by rising COVID cases later on Thursday, when he updates parliament on the outlook for the economy.. . .  Full story

India's Dr Reddy's isolates data center services after cyberattack

08h58 Indian drugmaker Dr Reddy's Laboratories Ltd said on Thursday it had isolated all its data center services as a preventive measure following a cyberattack.. . .  Full story

Neste Q3 profit beats forecasts on renewables

08h31 Finnish biofuel producer and oil refiner Neste reported a smaller-than-expected fall in its third-quarter profit on Thursday, thanks to its resilient renewables business and despite a very weak refining market.. . .  Full story

Norway's DNB eyes dividend payment as earnings top forecast

08h19 Norway's DNB could make a long-delayed dividend payment for 2019 early next year, and may also launch a share buyback, the bank said on Thursday while reporting a smaller than expected drop in third-quarter. . .  Full story

Alfa Laval sees slightly higher Q4 demand after Q3 miss

08h05 Engineering group Alfa Laval reported third-quarter core earnings slightly below market forecasts on Thursday, but said it expected demand to be somewhat higher in the fourth quarter.. . .  Full story

Australia shares close lower as U.S. stimulus appears elusive

08h02 Australian shares fell on Thursday, weighed down by energy and financials stocks, as talks on a new U.S. fiscal coronavirus aid package dragged on, raising fears of a delayed deal.. . .  Full story

German consumer morale darkens as coronavirus cases soar

08h00 German consumer morale fell heading into November as fears about a second coronavirus wave that is hitting Europe's biggest economy made Germans less willing to open their wallets, a survey showed on Thursday.. . .  Full story

Swiss watchdog reduces confiscation from BSI in 1MDB case

07h24 FINMA has lowered to 70 million Swiss francs ($77.27 million)from 95 million the amount of cash it will confiscate from Swiss bank BSI for its involvement in the multi-billion dollar 1Malaysia Development Bhd (1MDB) corruption. . .  Full story

Despite coronavirus, Indian traders stock up in hopes of festive cheer

07h00 Indian businesses are stocking up more ahead of this year's big festival season than at any time in the last five years, expecting people whose earnings were relatively unaffected by the pandemic to spend the. . .  Full story

Ireland will be eurozone's biggest loser from a no-deal Brexit, says cenbank chief - FT

06h37 Irish central bank Governor Gabriel Makhlouf warned that Ireland will be the eurozone's biggest loser from a no-deal Brexit, which could cause an economic "double whammy" in addition to the fallout from rising novel coronavirus. . .  Full story

Over half Europe's small firms fear for survival, survey finds

05h01 Over half the small and medium-sized companies which together provide jobs for two-thirds of European workers fear for their survival in the coming 12 months, according to a survey released by management consultancy McKinsey on. . .  Full story

COLUMN-China's imports are soaking up the world's excess copper: Andy Home

03h00 The refined copper market is on course to register a supply-demand shortfall this year, according to the International Copper Study Group (ICSG).. . .  Full story

12 million people in Britain will struggle to pay bills, watchdog says

01h00 Some 12 million people in Britain are likely to struggle with bills and loan repayments as the COVID-19 pandemic continues to wreak economic havoc, a Financial Conduct Authority survey tracking consumer financial resilience showed on. . .  Full story

Euronext resolves mix up of buy and sell orders on trades struck on Tuesday

21/10 Exchange operator Euronext said that there was mix up of buy and sell orders on a number of trades struck on Tuesday and later told Reuters that the issue was resolved by Wednesday evening. . .  Full story

Hard-hit Belgium faces second COVID-19 lockdown

21/10 Belgium could order another lockdown to curb the spread of COVID-19 infections as early as next week, a spokesman said on Wednesday, as the country grapples with a new wave of the virus potentially. . .  Full story

UK's Sunak to face parliament as lockdown pressure mounts

21/10 British finance minister Rishi Sunak will address parliament on Thursday about the outlook for the economy, as he faces growing pressure to offer more support to businesses and workers hit by tightening COVID lockdown rules.. . .  Full story

Oil prices fall as inventory report reflects demand weakness

21/10 Oil prices settled lower on Wednesday after U.S. inventory figures showed demand weakening for refined products as global COVID-19 cases spiked.. . .  Full story

Gold jumps 1% as bets grow on U.S. relief deal, dollar retreats

21/10 Gold rose 1% to its highest in over a week on Wednesday as investor optimism that a U.S. coronavirus aid package will be announced before the Nov. 3 presidential elections pressured the dollar and. . .  Full story

Hedge fund inflows at highest since 2018 in third quarter

21/10 Hedge funds added $13 billion of assets between the start of July and end of September, the first time the industry has generated net inflows in any quarter since 2018, data from industry tracker. . .  Full story

Sweeter offer for Atlantia unit could derail spin-off, proxy advisers say

21/10 Any vote by shareholders in October in favour of the spin-off of the Italian motorway assets of Atlantia could be set aside if an attractive offer from state lender CDP or other suitors came. . .  Full story

EU, Britain agree to resume trade talks after week-long hiatus

21/10 Britain will resume talks with the European Union on Thursday, marking a new push by the two sides to protect billions of dollars worth of trade from the beginning of next year.. . .  Full story

FTSE 100 slides as stronger pound, lockdown worries weigh

21/10 London's FTSE 100 slipped to a near one-month low on Wednesday as the pound jumped on hopes Brexit talks were set to resume, while investors remained concerned over prospects of more coronavirus restrictions in. . .  Full story

Monte dei Paschi board to discuss increase in legal provisions - sources

21/10 Italian bank Monte dei Paschi (MPS) has called an extraordinary board meeting on Oct. 29 to discuss increasing provisions against legal risks after a court convicted two former top executives, two sources close to the. . .  Full story

The 10 "Organising Principles" underpinning relaunched UK-EU talks

21/10 Britain and the European Union have agreed to resume talks on reaching a trade deal to govern their future relations, setting out a new set of "organising principles" for intensified talks to begin on. . .  Full story

Ferragamo family explores stake sale as stars' shoemaker seeks to recover shine - sources

21/10 The family owners of Italian fashion house Salvatore Ferragamo have held informal talks with investors to sell a minority stake in their holding firm as they scramble to turn around the brand famous for shoes. . .  Full story

Copper moves above $7,000 for the first time since June 2018

21/10 Copper leapt above $7,000 a tonne on Wednesday for the first time since June 2018, helped by hopes for U.S. stimulus, strikes at mines in Chile, expectations of healthy demand in China and a. . .  Full story

European stocks fall as healthcare, construction sectors drag

21/10 European shares fell for a third straight session on Wednesday, as losses in healthcare and construction stocks countered a lift from encouraging earnings from consumer giant Nestle and telecoms equipment maker Ericsson.. . .  Full story

Insurers drop appeal against UK COVID-19 payout ruling on three policies

21/10 Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the. . .  Full story

HSBC to cut up to 300 jobs in UK commercial banking overhaul -source

21/10 HSBC has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses.. . .  Full story

China’s rise and U.S. fears about decline: Kemp

21/10 In his landmark study of the history of economic growth, Joel Mokyr observed "the best predictor of the living standard that a newborn baby can expect to enjoy is the accident of where he. . .  Full story

German yields come off one-week highs as European stock fall

21/10 German 10-year bond yields touched their highest in a week in early trade on U.S. stimulus hopes, but demand for the safe-haven assets reversed as European stock markets fell back into the red and. . .  Full story

German Jan-August oil imports fell 2% versus year ago

21/10 German crude oil imports in the first eight months of 2020 were 2% below those a year earlier as the coronavirus crisis and related lockdowns hit industrial activity, official data showed on Wednesday.. . .  Full story

China's imports are soaking up the world's excess copper: Andy Home

21/10 The refined copper market is on course to register a supply-demand shortfall this year, according to the International Copper Study Group (ICSG).. . .  Full story

Swiss mull tighter restrictions as COVID-19 cases soar

21/10 Switzerland is considering tighter restrictions including mini-lockdowns to check a rapidly rising number of coronavirus cases, Health Minister Alain Berset said on Wednesday.. . .  Full story

Spanish court clears banks of market abuse in mortgage case

21/10 In a boost for Spain's banks, the Supreme Court said on Wednesday a mortgage pricing index used during the country's property crisis was valid and did not constitute market abuse, although there was a. . .  Full story

Iberdrola secures 98.25% stake in Australian Infigen

21/10 Spain's Iberdrola said on Wednesday it had secured a 98.25% stake in Australian wind and solar firm Infigen share capital through a public takeover offer.. . .  Full story

Germany takes extra slice of EU pork sales after Asian ban

21/10 Germany's meat processors are sending pork chops and bacon previously earmarked for Asia to supermarkets across the European Union after China, South Korea and Japan banned German imports due to an outbreak of African Swine. . .  Full story

Easing stocks research rules will not help small firms -EU watchdog head

21/10 European Union proposals to ease rules on the funding of broker research into small and medium sized companies will not help those firms, the head of the bloc's securities watchdog said on Wednesday.. . .  Full story

Pandemic-hit borrowers should be get interim support - central bank

21/10 Ireland's central bank expects lenders to adopt interim measures to support borrowers experiencing temporary income shocks as a result of tightened COVID-19 restrictions, governor Gabriel Makhlouf said on Wednesday.. . .  Full story

Germany finds 9 new African swine fever cases in wild boar

21/10 Nine more cases of African swine fever (ASF) have been confirmed in wild boars in the eastern German region of Brandenburg, Germany’s agriculture ministry said on Wednesday.. . .  Full story

After years of growth, Frankfurt bank jobs to decline amid virus - study

21/10 A steady increase in banking jobs in the German financial capital of Frankfurt has likely come to an end because of the coronavirus pandemic, according to a study by German lender Helaba on Wednesday.. . .  Full story

Portugal cancels Wednesday's T-bill auction; traders see excess liquidity

21/10 Portugal's state debt agency IGCP said it had cancelled Wednesday's auction of Treasury bills, where it planned to sell up to 1.25 billion euros ($1.5 billion) of 3- and 11-month bills, without explaining the. . .  Full story

Germany's Canyon for sale as pandemic pushes cycling, sources say

21/10 German bicycle maker Canyon is for sale as founder Roman Arnold and minority stakeholder TSG Consumer Partners seek to tap into demand spurred by the pandemic, three people close to the matter said.. . .  Full story

Italian rail operator and Snam to study hydrogen for trains

21/10 Italian rail operator Ferrovie dello Stato (FS) has signed an agreement with Europe's biggest gas transport group Snam to study using hydrogen for its transport network.. . .  Full story

EU countries back binding green farming schemes

21/10 European Union agriculture ministers agreed on Wednesday to set aside part of the bloc's massive farming policy budget for programmes that protect the environment.. . .  Full story

Finnish drugmaker Orion's Q3 sales fall after coronavirus spike

21/10 Finnish drugmaker Orion on Wednesday reported a drop in quarterly profit and sales, after raising its full-year outlook a day earlier, helped by higher sales of its drugs in March and April due to. . .  Full story

Port of Rotterdam sees recovery in trade after pandemic shock

21/10 Freight volumes in the Port of Rotterdam improved in the third quarter after the deep slump caused by the coronavirus pandemic in the first half of the year, Europe's largest sea port said on. . .  Full story

Ericsson tops forecast on margin gains and 5G in China

21/10 Telecoms equipment supplier Ericsson beat quarterly core earnings forecasts on Wednesday, helped by higher margins and China's 5G rollout, and said it was "more confident" about meeting its 2020 targets.. . .  Full story

Nordic 2021 economic growth forecasts trimmed, virus spread top risk

21/10 The recession in Sweden and Norway from the COVID-19 pandemic is now expected to be shallower than originally projected, but forecasts for the recovery next year have been trimmed back in the latest Reuters poll. . .  Full story

Norway's Telenor lifts 2020 earnings view after Q3 beat

21/10 Norway's Telenor raised its full-year earnings guidance after beating third-quarter expectations on Wednesday as cost cuts offset lower subscriber and roaming revenue.. . .  Full story

Norsk Hydro, Lyse form Norwegian hydropower joint venture

21/10 Aluminium producer Norsk Hydro and municipal utility Lyse are merging parts of their hydropower production into a joint company to secure long-term renewables production and competitiveness, they said on Wednesday.. . .  Full story

Credit Suisse teams up with AXA for digital app

21/10 Credit Suisse is teaming up with French group AXA to offer financial products on the Swiss bank's new digital banking app which launches next week, it said on Wednesday.. . .  Full story

Iberdrola pledges more growth as 9-month profit rises 4.7%

21/10 Spanish green energy company Iberdrola reported 4.7% net profit growth for the first nine months on Wednesday and said it still expected that metric to rise at a mid to high-single digit rate this. . .  Full story

Infinite Power signs power supply agreement with Framatome, Marubeni

21/10 Britain's Infinite Power said on Wednesday it had signed a letter of intent with Japan's Marubeni Corp and Germany's Framatome to provide uninterruptible power in nuclear energy facilities.. . .  Full story

Handelsbanken net profit hit by restructuring costs

21/10 Sweden's Handelsbanken reported a fall in quarterly net earnings on Wednesday due to restructuring costs, though the bank's loan portfolio continued to weather the impact of the coronavirus pandemic with ease.. . .  Full story

UK Stocks-Factors to watch on Oct 21

21/10 Britain's FTSE 100 index is seen opening 18 points higher at 5,907 on Wednesday, according to financial bookmakers, with futures up 0.09% ahead of cash market open.. . .  Full story

Telecom operator Telia ups 2020 forecast after Q3 beat

21/10 Nordic telecom operator Telia Company on Wednesday reported quarterly core earnings ahead of market expectations aided by cost savings, and upped its forecasts for the full year.. . .  Full story

Metro Bank warns capital levels remain below regulators' expectations

21/10 Britain's Metro Bank reported a 2% increase in lending for the third quarter, but warned its capital levels remain below buffers expected by regulators as it grapples with the impact of the COVID-19 pandemic.. . .  Full story

Randstad beats Q3 core earnings expectations, sees revenue recovering

21/10 Randstad NV, the world's largest staffing company, on Wednesday reported better-than-expected third-quarter core earnings and said it was seeing a "significant recovery" of revenues lost earlier in the COVID-19 pandemic.. . .  Full story

Poland has financed a tenth of 2021 borrowing needs, minister says

21/10 Poland has financed about 10% of 2021 borrowing needs, Finance Minister Tadeusz Koscinski told the daily Rzeczpospolita.. . .  Full story

United Airlines testing global health app on UK-U.S. flight in effort to reopen borders

21/10 United Airlines is set on Wednesday to test a digital health pass under a global pilot program seeking to establish a common international standard for COVID-19 test results and eventually vaccine records that could help. . .  Full story

World trade rebounding slowly, outlook uncertain - UN report

21/10 The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United. . .  Full story

Pandemic speeds labour shift from humans to robots, WEF survey finds

21/10 Robots will destroy 85 million jobs at mid-sized to large businesses over the next five years as the COVID-19 pandemic accelerates changes in the workplace likely to exaggerate inequalities, a World Economic Forum (WEF) study. . .  Full story

Euronext resumes trading as outage raises concentration concerns

20/10 Trading on Euronext resumed on Tuesday after a series of glitches on Monday disrupted several of Western Europe's major stock exchanges and raised concerns about the risk of one operator hosting so many bourses.. . .  Full story

Equinor bids for two wind power projects off U.S. East Coast

20/10 Norwegian energy firm Equinor said on Tuesday it had submitted two bids in New York's second offshore wind auction, following a deal it signed with BP last month to cooperate on offshore wind in. . .  Full story

Oil up on U.S. stimulus hopes, rising virus cases keep prices in check

20/10 Oil gained more than 1% on Tuesday on the prospect the United States was nearing a deal on coronavirus relief, but the threat to demand from rising COVID-19 cases worldwide and increased Libyan output. . .  Full story

China's Sinovac vaccine to be included in Brazil's immunization program, governors say

20/10 The Brazilian government will include China's Sinovac vaccine against COVID-19 in its national immunization program, state governors said on Tuesday after a meeting with the country's health minister, in addition to one developed by AstraZeneca. . .  Full story

U.S., Britain upbeat as trade talks enter new round

20/10 The United States and Britain expressed optimism about the prospects of a trade deal on Tuesday as they launched the latest round of talks focused on goods and tariffs.. . .  Full story

Atlantia gives CDP-consortium until Oct. 27 to improve Autostrade bid

20/10 Italy's Atlantia said it would give a consortium led by state lender Cassa Depositi e Prestiti (CDP) until Oct. 27 to improve a bid for the group's 88% stake in motorway business Autostrade per. . .  Full story

-Italy's 5 Star Movement says Leonardo CEO should resign after Monte dei Paschi ruling

20/10 Italy's ruling 5-Star Movement called on the head of defence and aerospace group Leonardo to step down after he was found guilty of false accounting in his previous role as chairman of Banca Monte. . .  Full story

Goldman Sachs sends some London staff home following positive tests for COVID-19

20/10 Goldman Sachs has sent some staff home from its London office after two employees tested positive for COVID-19.. . .  Full story

Gold firms on easing dollar, U.S. stimulus bets

20/10 Gold edged higher on Tuesday as the dollar weakened and hopes for a U.S. coronavirus aid package ahead of the presidential election boosted bullion's appeal as an inflation hedge. Spot gold. . .  Full story

Russia's economy contracts more slowly in Sept, by 3.3% y/y

20/10 Russia's economy was 3.3% smaller in September than a year earlier, data showed on Tuesday, following a sharper contraction, revised to 3.7%, in August.. . .  Full story

French activists say 100,000 hurt by Total's Ugandan oil operation

20/10 Over 100,000 people in Uganda and Tanzania have been hurt by human rights violations linked to Total's oil operations in Uganda, two French activist groups said in a report on Tuesday.. . .  Full story

-Italian court convicts three former Monte Paschi execs in derivatives trial

20/10 A Milan court convicted three former executives of Banca Monte dei Paschi di Siena at the end of a long-running false accounting case on Thursday, a result that could hinder Italy's bid to re-privatise. . .  Full story

Incomes of Russians fall in Q3 as coronavirus crisis bites

20/10 Russians' real disposable income fell 4.8% in year-on-year terms in the third quarter after its sharpest plunge in 20 years in the preceding quarter, data showed on Tuesday, highlighting Russia's lingering issue with living standards.. . .  Full story

-Monte dei Paschi mulling higher provisions after court ruling - sources

20/10 State-owned bank Monte dei Paschi (MPS) is considering raising provisions for legal risks after its former CEO and chairman were convicted last week in a false accounting case, two sources familiar with the matter said.. . .  Full story

Russian banking sector profit rises further in September, says central bank

20/10 Russia's banking sector profit rose to 200 billion roubles ($2.59 billion) in September, up from 172 billion roubles in August, the central bank said on Tuesday.. . .  Full story

London stocks rise on hopes of Brexit trade deal

20/10 London stocks closed higher on Tuesday as investors remained hopeful of a trade deal with the European Union by year-end, although gains were capped by concerns over tougher coronavirus lockdowns in parts of England.. . .  Full story

European shares slip as BREXIT, lockdown worries outweigh upbeat earnings

20/10 European stocks fell on Tuesday as worries about coronavirus curbs and BREXIT countered optimism generated by strong earnings, including from Swiss bank UBS and consumer giant Reckitt Benckiser.. . .  Full story

Copper's upsurge on lower dollar takes it to 28-month high

20/10 Copper prices hit 28-month highs on Tuesday as expectations of robust demand from top consumer China were reinforced by a lower dollar, as markets awaited the outcome of fiscal stimulus talks in the United. . .  Full story