Europe Business

Eni plans to quadruple gasoline output at Angolan refinery by 2021

11/10 Italian oil and gas company Eni expects to boost gasoline production at Angola's Luanda refinery to 470,000 tonnes within two years from the current 110,000 tonnes a year, a senior company official said on Friday.  Full story

UK employers slam $249 bln cost of Labour renationalisation plans

01h01 A British employers' group criticised on Monday what it said would be the "beyond eye-watering" cost of the opposition Labour Party's plans to return utilities, train companies and the Royal Mail to public ownership.. . .  Full story

India investing $60 bln on gas grid to link up nation by 2024

13/10 India, one of the world's largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions,. . .  Full story

Khamenei says any aggressor would regret attacking Iran

13/10 Iranian Supreme Leader Ayatollah Ali Khamenei said on Sunday that U.S.-allied Gulf Arab States were "under the will of the United States" and warned that any attacker would regret taking action against Iran, according. . .  Full story

Khamenei tells Iran's Guards to develop advanced, modern weapons

13/10 Supreme Leader Ayatollah Ali Khamenei told Iran's elite Revolutionary Guards on Sunday to develop more advanced and modern weapons, amid increasingly tense disputes with the United States and Gulf Arab states.. . .  Full story

Europe's climate credentials face acid test in EIB fossil fuel vote

13/10 Europe's climate change credentials face an acid test this week when the bloc's lending arm, the European Investment Bank, decides whether or not to stop funding fossil fuel projects beyond next year.. . .  Full story

Scientists endorse mass civil disobedience to force climate action

13/10 Almost 400 scientists have endorsed a civil disobedience campaign aimed at forcing governments to take rapid action to tackle climate change, warning that failure could inflict "incalculable human suffering.". . .  Full story

Pakistan's Khan says he will try to facilitate Iran-Saudi talks

13/10 Pakistan will do its utmost to enable talks between arch regional rivals Iran and Saudi Arabia, Pakistani Prime Minister Imran Khan said on Sunday in Tehran, adding that he will travel to Saudi Arabia. . .  Full story

AIB seeking approval for distribution of excess capital, CEO says

13/10 Allied Irish Banks is seeking regulatory approval to begin returning excess capital to shareholders next year, Chief Executive Colin Hunt was quoted as telling the Sunday Independent.. . .  Full story

Realty bites: Indian property slump leaves beleaguered banks exposed

13/10 India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks.. . .  Full story

UK Labour's Corbyn not likely to support deal between PM Johnson and EU- Sky News

13/10 UK opposition Labour Party leader Jeremy Corbyn said he is unlikely to support a deal agreed between Prime Minister Boris Johnson and the European Union, Sky News reported http://bit.ly/2MedpE9 early on Sunday.. . .  Full story

UK's Johnson will speak to EU leaders on Brexit deal by end of Monday -Sunday Times

13/10 British Prime Minister Boris Johnson will speak to German Chancellor Angela Merkel, French President Emmanuel Macron and European Commission President Jean-Claude Juncker by the end of Monday to urge the leaders to support his Brexit. . .  Full story

Workers at small Antofagasta copper mine in Chile set to go on strike

12/10 Workers at small Chilean copper mine Antucoya, owned by Antofagasta Minerals, will go on strike next Wednesday after a contract negotiation failed, the union head told Reuters.. . .  Full story

Mediobanca investor Bollore says happy with bank's CEO Nagel

12/10 Mediobanca's second biggest investor Vincent Bollore has thrown his weight behind the Italian bank's chief Alberto Nagel, who has come under attack by new Mediobanca shareholder Leonardo Del Vecchio.. . .  Full story

Nyrstar shareholders to sue commodities trader Trafigura for $1.6 bln

12/10 Minority shareholders in zinc producer Nyrstar are seeking 1.48 billion euros ($1.63 billion) in damages from global commodities trader Trafigura over the restructuring of the Belgian firm, the shareholders' lawyer said on Saturday.. . .  Full story

Nepal eyes railway deal with China during Xi visit

12/10 Chinese President Xi Jinping arrived in Nepal on Saturday on a state visit for talks with Prime Minister K.P. Sharma Oli and both sides are expected to sign a deal expanding a railway link. . .  Full story

Guinea's Nimba iron ore project gets green light to export via Liberia

12/10 Guinea and Liberia signed a deal on Friday to allow several mines in Guinea, including the giant Nimba iron ore project, to export through Liberia, officials from the West African countries. . .  Full story

UK PM Johnson will ask MPs to back any Brexit deal secured from EU -The Times

12/10 British Prime Minister Boris Johnson will ask parliament to back any Brexit deal that he secures from the European Union within 24 hours of the European summit next week, the Times reported on Saturday.. . .  Full story

Oil producers, refiners face surging global freight rates after U.S. sanctions

12/10 Rates to charter oil tankers from the Arab Gulf, United Kingdom and the U.S. Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in. . .  Full story

Oil producers, refiners grapple with surging global freight rates after U.S. sanctions

11/10 Rates to charter oil tankers from the Arab Gulf, United Kingdom and the U.S. Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in. . .  Full story

Daimler recalls hundreds of thousands of Mercedes-Benz diesel vehicles

11/10 German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues.. . .  Full story

EU's Tusk says more tangible hopes for Brexit deal now than before

11/10 European Council head Donald Tusk said on Friday he felt slightly more hopeful the European Union and Britain will achieve a deal on the latter's withdrawal from the bloc following months of deadlock.. . .  Full story

Gold falls over 1% as Brexit, Sino-U.S. trade worries ease

11/10 Gold fell over 1% on Friday, en route to its biggest weekly decline since March, as easing concerns about the U.S.-China trade conflict and Britain's exit from the European Union renewed appetite for riskier. . .  Full story

Ukraine loan talks with IMF 'stalled' over PrivatBank: central bank

11/10 Ukraine's talks with the International Monetary Fund (IMF) for a new loan programme have stalled because of the dispute between the state and a powerful tycoon over control of nationalised lender PrivatBank, the deputy central. . .  Full story

European shares soar on rising hopes of Brexit, trade deal

11/10 European shares were on a tear on Friday as a surprise breakthrough in Brexit negotiations drove UK-focused London-listed companies and the Irish index about 4% higher, while German shares logged their best day in. . .  Full story

Brexit deal hysteria sparks dramatic gains for UK stocks

11/10 London-listed companies with exposure to the domestic economy soared on Friday for their best day in nearly a decade as hopes that Britain can seal a Brexit deal triggered explosive gains and a major. . .  Full story

Morocco's BCP bank buys Congo's BCI bank

11/10 Morocco's Banque Centrale Populaire (BCP) said on Friday it had bought a 100% stake in Banque Commerciale Internationale (BCI) in the Republic of Congo from France's BPCE.. . .  Full story

Euronext plans cash-settled commodity contracts

11/10 Euronext plans to develop commodity contracts based on cash settlement to expand a business in which the financial market operator has so far offered physical delivery of crops like wheat.. . .  Full story

Amid Brexit deal hopes, UK Plc outshines FTSE 100

11/10 Hopes that Britain will seal a Brexit deal saw unloved London-listed companies with exposure to the domestic economy rise more than blue-chip stocks on Friday, for the first time since May, in a major. . .  Full story

CNH's Iveco unit to invest $4.2 bln globally in next 5 years

11/10 Iveco, the truck unit of vehicle group CNH Industrial, will invest $4.2 billion worldwide in the next five years, trade unions said on Friday.. . .  Full story

Copper touches two-week high on hopes of trade deal

11/10 Copper rose to its highest in more than two weeks on Friday as investors hoped that U.S.-Sino trade talks would result in a partial deal at least.. . .  Full story

Czech FinMin prefers savings to raising deficit in 2020 if slowdown worsens

11/10 Another round of administrative savings would be better than letting the 2020 Czech central state budget deficit swell if an economic slowdown worsens and hits state income, Finance Minister Alena Schillerova said in an interview. . .  Full story

British regulator reviews JPMorgan metals trading amid U.S. probe - sources

11/10 Britain's financial services regulator is examining allegations of precious metals market manipulation by JPMorgan Chase & Co traders following criminal charges by U.S. authorities, according to two people familiar with the matter.. . .  Full story

Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore

11/10 European Union taxpayers held assets worth at least $1.6 trillion offshore in 2016, equal to nearly 10% of the bloc's output, the European Commission said on Friday, estimating tax revenue losses at around $50. . .  Full story

ECB needs to turn the page on September meeting, Villeroy says

11/10 ECB policymakers need to put their most recent meeting behind them and move on, ECB governing board member Francois Villeroy de Galhau told Reuters on Friday as divisions over a key decision linger.. . .  Full story

Uniper remains independent for now despite Fortum push - CEO

11/10 Uniper's CEO will fight to get clarity from top shareholder Fortum on a range of issues ahead of a planned stake hike, he said in an internal memo, underlining that the German utility will remain. . .  Full story

Commerzbank sounds out potential mBank buyers as lenders hire advisors - sources

11/10 Commerzbank is sounding out potential buyers of its stake in Polish lender mBank ahead of a formal sale process which is expected to launch in coming months, people familiar with the matter said.. . .  Full story

Norway's 2020 gas maintenance outage seen lower than in 2019

11/10 Maintenance at Norway's natural gas fields and processing plants is scheduled to cut production capacity by some 5.35 billion cubic meters (bcm) in 2020, less than in 2019, according to a Reuters calculation based. . .  Full story

Gunvor to start producing IMO-compliant fuel oil mid-2020

11/10 Gunvor Group will overhaul its refinery in Rotterdam in March next year and reconfigure the plant to produce some low sulphur fuel oil that complies with new, global shipping rules, its chief executive officer said.. . .  Full story

UK markets watchdog says midweek Brexit a challenge

11/10 Britain's markets watchdog will take a "pragmatic" approach to financial firms that fail to report transactions on time if there is a no-deal Brexit on Oct. 31, it said on Friday, given the challenges. . .  Full story

Portugal's Sonae to invest 725 mln euros in food retail business

11/10 Portugal's Sonae, which owns the country's largest food retailer, said on Friday it will invest up to 725 million euros by 2021 in the expansion, maintenance and improvement of its supermarket stores across the country.. . .  Full story

German government slashes 2020 growth forecast - Der Spiegel

11/10 The German government is cutting its 2020 growth forecast for Europe's largest economy to 1.1% from its April prediction of 1.5%, German magazine Der Spiegel reported on Friday, without citing sources.. . .  Full story

EU and UK to go into more intense Brexit negotiations - diplomats

11/10 The 27 European Union countries staying on together after Brexit authorised their negotiator Michel Barnier on Friday to go into another round of intense and secret negotiations with Britain in a bid to get. . .  Full story

Denmark weighs ending North Sea oil and gas hunt

11/10 Denmark is assessing whether to go ahead with an already announced tender for new oil and gas exploration in the Danish North Sea after setting itself one of the most ambitious climate targets in. . .  Full story

IMO 2020 regulations challenge Russian Urals crude

11/10 Urals differentials have fallen to the widest discounts against dated Brent crude in a year as refiners start switching to low-sulphur grades in the face of coming IMO 2020 regulations.. . .  Full story

Renault ousts CEO in post Ghosn-era reset

11/10 Renault's board voted on Friday to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan seek a fresh start following the scandal-hit tenure of former alliance supremo Carlos Ghosn.. . .  Full story

Uber faces UK tax challenge

11/10 Uber Technologies Inc says the UK is seeking to classify the company as a transportation provider, potentially opening it up to new tax charges that could weigh heavily on its business, according to UK accounts. . .  Full story

Asian prices hit three-week high; tanker rates rise

11/10 Asian spot prices for liquefied natural gas (LNG) rose to a three-week high this week ahead of winter demand, while tanker rates nearly doubled on limited availability of vessels.. . .  Full story

EU's Barnier: 'Be patient, Brexit is like climbing a mountain'

11/10 The Europen Union's Brexit negotiator Michel Barnier said he had had a "constructive" meeting with his British counterpart, Stephen Barclay earlier on Friday.. . .  Full story

EU's Barnier and UK's Barclay had "constructive" Brexit meeting - spokeswoman

11/10 The European Union's Brexit negotiator Michel Barnier had a "constructive" meeting with his British counterpart Stephen Barclay on Friday, a spokeswoman for the bloc's executive, the European Commission, said.. . .  Full story

In blow to Total, France upholds law banning palm oil from biofuel scheme

11/10 France's constitutional court on Friday upheld a law excluding palm oil from the country's biofuel scheme, rejecting an appeal by energy company Total which says the measure puts at risk its production site in southern. . .  Full story

Italy's Del Vecchio calls on Mediobanca to grow through M&A

11/10 Mediobanca's third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank's strategy.. . .  Full story

UK watchdog fines broker Tullett Prebon 15 mln stg in probe involving Libor rigging

11/10 Britain's markets watchdog has fined interdealer broker Tullett Prebon 15.4 million pounds ($19.2 million) for improper conduct, including its involvement in the manipulation of the Libor rate, the regulator said on Friday.. . .  Full story

Renault's new top executive committee

11/10 Below are some facts on some of the new top executives appointed at Renault on Friday.. . .  Full story

Oil rises after reports of Iranian tanker attack

11/10 Oil prices rose as high as $60.65 a barrel on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, but bearish oil. . .  Full story

Iran confirms attacks on Iranian oil tanker in Red Sea -TV

11/10 Iran's foreign ministry confirmed that the Iranian-owned oil tanker Sabiti had been attacked in the Red Sea on Friday and was samaged, state TV reported.. . .  Full story

Nigeria's state oil company signs $2.5 bln pre-payment deal for gas projects with NLNG

11/10 State oil company Nigerian National Petroleum Corp (NNPC) on Friday said it had signed a $2.5 billion pre-payment agreement with Nigeria LNG (NLNG) for upstream gas development projects.. . .  Full story

Climate-change protesters block BBC headquarters in London

11/10 Extinction Rebellion protesters blocked the BBC's headquarters on Friday, calling on Britain's public service broadcaster to treat climate change with the same gravity as World War Two and tell the public the truth.. . .  Full story

UK's CMA begins probe into Slug and Lettuce pub owner's takeover of Ei

11/10 The UK's competition watchdog said on Friday it started an investigation into whether the potential merger of pub owner Stonegate and larger rival Ei Group , which would create Britain's biggest pub operator, would erode. . .  Full story

UK car insurance premiums drop 1% in Q3 - survey

11/10 The cost of a comprehensive motor insurance policy in Britain fell 1% in the third quarter, pushed down by uncertainty from the personal injury discount rate change in July and the market watchdog's interim. . .  Full story

Hard Brexit won't hit us, 60% of Germany's small and medium-sized firms say

11/10 Around 60% of Germany's Mittelstand, the small and medium-sized companies that form the backbone of Europe's biggest economy, see no impact on their business from a hard Brexit, a survey by Germany's KfW state development. . .  Full story

Dart Group sees demand boost after Thomas Cook collapse

11/10 Dart Group, the owner of British airline and tour operator Jet2, raised its profit guidance on Friday as it boosted passenger numbers following the collapse of former rival Thomas Cook last month, sending its. . .  Full story

Vast Resources to sign diamonds JV deal in Zimbabwe -minister

11/10 London-listed Vast Resources will next week sign an agreement with Zimbabwe's state diamond mining firm to mine diamonds in the east of the country, the mines minister said on Friday.. . .  Full story

BUSINESS INSIDER

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Publicis shares pummeled after advertiser cuts outlook

11/10 Shares in Publicis tumbled on Friday to their lowest level in more than seven years after the world's third-biggest advertising company cut its full-year sales target again.. . .  Full story

India's Sept passenger vehicle sales dive 24% as slowdown persists

11/10 India's passenger vehicle sales slumped 23.7% in September, the eleventh straight month of declines, prompting an industry body to flag more job cuts if sales failed to pick up soon.. . .  Full story

UK Stocks-Factors to watch on Oct. 11

11/10 Britain's FTSE 100 index is seen opening down 24 points at 7,163 on Friday, according to financial bookmakers, with futures down 0.54% ahead of cash markets open.. . .  Full story

Italian food group Newlat to start trading in Milan on Oct. 24

11/10 Italian food group Newlat said on Friday it expected its shares to start trading on the main segment of the Milan bourse on Oct. 24, after it received approval for its initial stock offering. . .  Full story

Malaysia's August factory output up 1.9% y/y, below forecast

11/10 Malaysia's industrial production rose 1.9% in August from a year earlier, faster than the previous month, supported by gains in the manufacturing and electricity-generation sectors, government data showed on Friday.. . .  Full story

EG Group weighs IPO that could value co at over $12.44 bln- Bloomberg

11/10 UK petrol station operator EG Group is planning an initial public offering next year that could value the company at over 10 billion pounds ($12.44 billion), Bloomberg reported https://bloom.bg/35ntPBv on Friday, citing people familiar with. . .  Full story

Australia, NZ shares rise on hopes of partial Sino-U.S. trade deal

11/10 Australian shares rose on Friday as hopes for at least a partial Sino-U.S. trade deal were bolstered by positive comments from both sides, with markets now focusing on a final meeting between officials later. . .  Full story

COLUMN-Mind the alumina gap as Western and Chinese prices diverge: Andy Home

11/10 The alumina market is currently seeing a widening gap in pricing between China and the rest of the world.. . .  Full story

-Foreign banks warn Japan's tighter reporting rules to cause 'chilling effect' -document

11/10 Japan's plan to tighten reporting requirements for foreigners wishing to buy shares in key industries, will have a "chilling effect" on inbound investment, a group of foreign banks and brokerages warned the government in a. . .  Full story

In 14-hour press conference, Zelenskiy says Ukraine needs relations with IMF

10/10 President Volodymyr Zelenskiy said on Thursday that Ukraine wanted to maintain its relations with the International Monetary Fund but wanted the IMF only to set economic conditions for disbursing loans.. . .  Full story

Disruptions in the global shipping industry

10/10 Oil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan crude oil tankers.. . .  Full story

Renault board to meet, as CEO denounces potential exit as 'coup'

10/10 Renault SA's CEO, Thierry Bollore, denounced as a "coup" his potential exit from the French carmaker, which has called a board meeting on Friday to discuss governance matters.. . .  Full story

UK proposes 'pared-down' free trade agreement to end Brexit stalemate - Sky news

10/10 The UK is proposing a "pared-down" free trade agreement to make a deal done by the end of October, Sky news reported on Thursday, citing sources.. . .  Full story

LSE told Italy it won't move bond trading platforms - central bank source

10/10 London Stock Exchange has given assurances to Italy that it plans to continue investing in its Italian trading platforms and does not intend to move them out of the country, a Bank of Italy. . .  Full story

Britain's James Dyson scraps electric car project

10/10 James Dyson, the inventor of the bagless vacuum cleaner, has cancelled his ambitious plan to build an electric car because the project was not commercially viable.. . .  Full story

Euronext sets new financial targets, ready for more M&A deals

10/10 Stock markets operator Euronext said on Thursday it was open to transformational deals in a bid to boost its dominance in the European capital markets union.. . .  Full story

Italy's Ferretti IPO postponed to Oct. 15 due to weak demand

10/10 Italian yacht maker Ferretti said on Thursday it had postponed the deadline for its initial public offering (IPO) to Oct. 15, with the first day of trading now expected on Oct. 21.. . .  Full story

Ireland sells 2 billion euros of green bonds at low yield

10/10 Ireland raised 2 billion euros ($2.2 billion) on Thursday from the sale of green bonds at a yield well below a debut sale a year ago, highlighting the growing popularity of the bonds which. . .  Full story

Gilt yields record biggest jump since 2015 after UK-Ireland Brexit talks

10/10 British 10-year government bond yields recorded their biggest one-day rise in nearly four years on Thursday after Irish Prime Minister Leo Varadkar said Brexit talks with his British counterpart Boris Johnson had been "very positive".. . .  Full story

Gold slips, palladium hits record high on trade deal hopes

10/10 Gold prices retreated from a one-week peak on Thursday, while palladium prices marked an all-time high, after a report suggested that China wants to reach an agreement with the U.S. to avoid further escalation. . .  Full story

Zelenskiy says was promised interest rate cut by 1.5-2 points by year-end

10/10 Ukraine's President Volodymyr Zelenskiy said on Thursday he had been promised that the interest rate would fall by 1.5 to 2 percentage points by the end of the year.. . .  Full story

Industrial metals rise as U.S.-China trade talks begin

10/10 Copper prices rose on Thursday amid signs that U.S.-China trade talks in Washington could de-escalate a dispute that has weighed on economic growth and metals prices.. . .  Full story

Riksbank should get bigger role in financial stability -govt committee

10/10 Sweden's central bank will have a clearer role in policing risk in the financial system, a government committee looking at how the Riksbank operates and what tools it has to meet its mandate said. . .  Full story

European shares rise on Brexit, trade deal hopes; LVMH shines

10/10 European shares rose on Thursday as signs of progress in U.S.-China trade talks and hopes of a Brexit deal helped investors look past weak economic data and negative corporate updates.. . .  Full story

Nigeria seeks $62 bln from oil companies -attorney general

10/10 Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $20 a barrel, the attorney general told Reuters. . .  Full story

Lagardere sues activist Amber Capital, claims 84 mln euros of damages

10/10 French media and travel retail group Lagardere said on Thursday it is suing activist fund Amber Capital and required 84 million euros ($92.55 million) for damages.. . .  Full story

Recharged hopes of Brexit deal, trade truce power UK shares

10/10 London stocks finished a roller coaster session on Thursday with gains as domestic companies rose after Britain and Ireland said they saw a pathway to a Brexit deal, and international names jumped on to. . .  Full story

Euro zone bond yields rise to three-week highs as geopolitical fears ease

10/10 Euro zone government bond yields rose to three-week highs on Thursday on optimism around trade U.S./China trade talks and after the British and Irish prime ministers said they still saw a path to a. . .  Full story

Rival Bosnia regions agree to joint programme of EU-related reforms

10/10 Bosnia's two rival autonomous regions adopted a joint four-year programme of socio-economic reforms in a rare display of unity on Thursday to boost growth and competitiveness in line with EU recommendations.. . .  Full story

Delta looks at faster hiring to meet 'surprise' demand, costs rise

10/10 Delta Air Lines hopes to speed up the hiring of pilots, flight attendants, reservation and airport staff after "surprise" demand growth fueled better-than-expected third-quarter profit, Chief Executive Ed Bastian told Reuters.. . .  Full story

Zambia says owes major mining firms $215 million in tax refunds

10/10 Zambia owed major mining companies 2.8 billion kwacha ($215 million) in tax refunds as at June 30, 2019, Finance Minister Bwalya Ng'andu said on Thursday, the latest development in a long-running. . .  Full story

Uniper says needs more answers from suitor Fortum

10/10 Uniper said on Thursday its suitor, Finnish utility Fortum, had yet to address a range of questions from the German energy firm's management to convince it to support a takeover deal.. . .  Full story

LVMH eases luxury sector fears of major Hong Kong hit

10/10 A strong sales update from LVMH boosted stocks across the luxury goods sector on Thursday, as months of unrest in Hong Kong proved less of a drag on the Louis Vuitton owner in the. . .  Full story

Roche billionaire board member says short-term profit hunger 'destroyed the planet'

10/10 A member of Swiss drugmaker Roche's controlling family said on Wednesday that short-term profit maximization has "destroyed the planet" and the world needs a new breed of capitalism putting long-term interests first.. . .  Full story

ECB minutes show deep rift over policy as Draghi era closes

10/10 European Central Bank policymakers were deeply divided last month over reviving bond purchases, according to minutes of their meeting that show a rift within the euro zone's most important institution deepening ahead of a change. . .  Full story

Mind the alumina gap as Western and Chinese prices diverge: Andy Home

10/10 The alumina market is currently seeing a widening gap in pricing between China and the rest of the world.. . .  Full story

Italian food group Newlat to launch IPO next week - source

10/10 Italian food group Newlat will launch its initial public offering next Monday, aiming to debut on the Milan bourse in two weeks time, a source with knowledge of the matter said on Thursday.. . .  Full story

ECB's Rehn says 'better to be safe than sorry' with policy

10/10 It is better to be safe than sorry before shifting the policy gear back to normalisation, Finnish policymaker Olli Rehn said on Thursday, in defence of the European Central Bank's decision to raise stimulus.. . .  Full story