14h55 Halan, an Egyptian technology start-up that uses two- and three-wheeled vehicles to transport passengers and goods, will begin operating in Ethiopia before the end of 2019, its chief executive told Reuters.
21h56 Brazil's real currency dropped to a
two-week low on Thursday, lagging its Latin American peers,
after the central bank cut interest rates to a new record low
and signaled room for further easing.. . .
21h45 The dollar fell against most
major currencies on Thursday as some central banks refrained
from cutting interest rates after the Federal Reserve's second
rate decrease this year, boosting the appeal of their currencies
versus the. . .
21h27 U.S. soybean futures firmed on
Thursday as strong weekly export sales data and hopes for
progress toward a U.S.-China trade deal more than offset
pressure from a crop-boosting Midwest weather forecast.. . .
21h10 Brent crude oil prices rose
more than 1% on Thursday on fears of longer-than-expected supply
shortfalls following Saturday's attacks on a key Saudi Arabian
oil processing facility and escalating tensions in the Middle
East.. . .
21h05 Brazilian telecommunications
firm Oi SA is in talks with Spain's Telefonica SA
and Italy's Telecom Italia SpA to sell its
mobile network to avoid insolvency, five people with knowledge
of the matter said.. . .
20h50 Stripe Inc said on Thursday it is
raising $250 million in its latest funding round, which values
the payments startup at $35 billion, a dramatic 56% surge from a
previous valuation at the start. . .
20h50 More than a third of EDF's
workforce in France was on strike on Thursday in
protest against a restructuring plan, the state-controlled
utility said, reducing French power generation by more than 10%.. . .
20h49 China's customs
office said on Thursday it had granted export licenses to some
Argentine meat-processing plants, as the Asian country looks to
plug a supply gap after an African swine fever outbreak
decimated China's pig. . .
20h20 U.S. Treasury yields fell on
Thursday after the Federal Reserve meeting minutes on Wednesday
showed division among policymakers on whether further rate cuts
are likely, and as pressures in the short-term funding markets
eased.. . .
20h11 Palladium peaked to an all-time high on
Thursday, while gold gained on a weaker dollar and as investors
looked for clarity on future U.S. interest rates after the
Federal Reserve on Wednesday signaled a. . .
19h37 Drugmaker Insys Therapeutics Inc
on Thursday won court approval to sell its flagship
fentanyl spray to a buyer who agreed to only market the drug for
use by cancer patients, in response to concerns. . .
19h20 Huawei unveiled its new
smartphones to challenge Apple's iPhone 11 on Thursday,
talking up slick design and best-in-class features while playing
down concerns about the lack of access to Google's
popular apps.. . .
19h16 Fitch Ratings
expects holders of Argentina dollar bonds to have to write off
part of their investments under the country's sovereign debt
restructuring plan, one of the agency's analysts said on
Thursday.. . .
19h12 Cleanup crews in
Bermuda were busy at work on Thursday after Hurricane Humberto
grazed the island, which escaped major harm despite winds that
reached around 100 miles per hour (161 kph) snapping power poles
and. . .
19h08 Air France-KLM and
easyJet withdrew competing offers for Aigle Azur on
Thursday after missing an overnight court deadline to improve
their bids to acquire part of the collapsed budget airline's
operations and staff.. . .
19h00 France and Germany said on
Thursday they were close to an agreement on how to remove
obstacles to exporting weapons manufactured in joint programmes,
after French firms called for easing German export restrictions.. . .
18h58 Donald Trump sued Manhattan
District Attorney Cyrus Vance on Thursday, questioning the
constitutionality of subpoenas issued by the state prosecutor,
and which a source said sought the president's tax returns.. . .
18h45 A rebound in bank stocks after the U.S.
Federal Reserve adopted a guarded stance on future interest rate
cuts lifted London's blue-chip index on Thursday, while clothing
retailer Next wilted after a disappointing start. . .
18h40 Payments company Net1 UEPS
Technologies said on Thursday it had written down to
zero the value of its stake in South Africa's third-largest
mobile network, Cell C, alongside the carrier's largest
shareholder, Blue Label Telecoms.. . .
18h39 The number of Americans
filing applications for unemployment benefits increased less
than expected last week, pointing to strong labor market
conditions that should continue to support an economy growing at
a moderate pace.. . .
18h32 France's CNP Assurances SA
is close to reaching a deal worth 7 billion reais
($1.7 billion) with Brazil's state-owned lender Caixa Economica
Federal to sell insurance in the bank's more than 3,000
branches, two sources. . .
18h08 The euro zone's domestic
economy remains resilient and financing conditions are
"excellent" but imported weakness, such as the global trade war,
is weighing on the bloc, European Central Bank board member
Sabine Lautenschlaeger said on. . .
18h01 Amazon.com Inc
Chief Executive Officer Jeff Bezos on Thursday committed the
company to being carbon neutral by 2040 and said part of that
pledge is an order for 100,000 electric delivery vans from a
start-up. . .
17h57 France has convinced Germany to
look into a European carbon border tax to protect companies
investing in green technology from emission-intensive
competition from abroad, a move that could heighten trade
tensions with the United States.. . .
17h53 Trilateral talks about the
transit of Russian gas to Europe through Ukraine were
constructive and have taken steps in the right direction,
European commissioner Maros Sefcovic said on Thursday.. . .
17h46 At least five laden liquefied
natural gas (LNG) tankers changed course from Europe to Asia and
a rising number of other tankers were being used as floating
storage following a spike in Asian LNG. . .
17h31 Germany should act sooner rather
than later to revive its flagging economy, France's finance
minister said on Thursday, as he struggled to hide frustration
with the pace of Berlin's efforts to engineer a recovery.. . .
17h15 U.S. Securities and Exchange
Commission chair Jay Clayton said on Thursday he was concerned
about the growth of private markets and negative interest rates
as policymakers try to stimulate growth.. . .
16h57 Renault and PSA Group
face a potential stand-off with French workers worried
that an industry drive to meet EU emissions targets will fuel
demands for concessions in upcoming labour negotiations.. . .
16h48 Russia proposed extending its
current gas transit contract with Ukraine on a temporary basis
at three-way talks with Ukraine and the European Union in
Brussels on Thursday, Russian Energy Minister Alexander Novak
said.. . .
16h46 The Swiss National Bank's
decision to raise the threshold for the country's banks before
they are hit with negative interest rates could halve the amount
they end up paying the central bank, analysts' calculations
suggest.. . .
16h42 Iran called on Gulf countries to
"come to their senses", saying that any aggression against the
country will be met with crushing response, the Iranian supreme
leader's military advisor was quoted as saying. . .
16h37 Pakistan's foreign
exchange reserves increase $138 million to $8,600.4 million in
the week ending Sept 13, compared to $8,462.3 million in the
previous week, the central bank said on Thursday.. . .
16h25 European Union standards to
define green investments are likely to face delays, because many
of the bloc's governments want more time to assess them, EU
officials said, a move that may undercut climate targets. . .
16h13 A British investment banker at the
centre of Germany's biggest fraud trial told judges on Thursday
he earned millions of euros from deals involving "astronomical"
trades that prosecutors say were a means to make. . .
15h38 U.S. and Chinese deputy
trade negotiators were set to resume face-to-face talks for the
first time in nearly two months on Thursday, as the world's two
largest economies try to bridge deep policy differences. . .
15h23 Deutsche Post DHL
will hike parcel prices next year for business customers with
individually agreed conditions due to rises in transport and
labour costs, the German logistics group said on Thursday.. . .
15h22 The National Bank of Hungary
is expected to keep interest rates unchanged next Tuesday and
stick to its dovish stance, ignoring the weak forint which hit a
record low versus the euro earlier this. . .
15h13 German Chancellor Angela
Merkel's coalition parties start marathon talks on Thursday to
agree a landmark climate action plan designed to help Europe's
biggest economy meet its CO2 emission reduction targets by 2030.. . .
15h11 British Prime Minister Boris
Johnson could suspend parliament again even if the Supreme Court
rules that his original suspension, or prorogation, was
unlawful, a court document tweeted by an opposition lawyer
showed on Thursday.. . .
15h06 Ryanair's Chief
Executive Michael O'Leary narrowly secured approval from
shareholders on Thursday for a bonus scheme that could earn him
100 million euros over five years as he revealed up to 700
pilots could lose. . .
14h46 The Baltic Exchange's main sea freight
index, tracking rates for ships ferrying dry bulk commodities,
fell for the 11th consecutive session on Thursday, marking its
biggest percentage fall in nearly two months, on waning. . .
14h38 New European Union rules to make
the cost of stock and bond research more transparent are saving
millions of pounds for investors and have not materially cut
coverage of smaller firms, Britain's Financial Conduct. . .
14h37 The Trump administration
said on Thursday it is revoking California's authority to set
its own auto tailpipe emissions standards and to require some
zero-emission vehicles - a decision that will spark a massive
legal battle. . .
14h31 Indian rice export prices
rose this week on a resurgent rupee, while sluggish demand kept
Vietnamese rates near a 12-year low even as the country looks to
encourage private investment to make its rice. . .
14h30 The number of Americans filing
applications for unemployment benefits increased less than
expected last week, pointing to strong labor market conditions
that should continue to support a moderately growing economy.. . .
14h21 Copper prices eased on Thursday
as the market focused on weak demand in top consumer China and a
meeting in Washington between Chinese and U.S. officials aimed
at resolving a prolonged trade dispute.. . .
14h19 Iran warned U.S. President
Donald Trump on Thursday against being dragged into all-out war
in the Middle East following an attack on Saudi Arabian oil
facilities which Washington and Riyadh blame on Tehran.. . .
14h15 The Bank of England said Brexit
uncertainty and slower world economic growth were increasingly
causing Britain's economy to perform below its potential, and
that a failure to reach a deal to leave the European. . .
14h14 CannTrust Holdings Inc
said on Thursday that Alberta government has decided to
return C$1.3 million worth of sold pot products, days after the
Canadian health regulator cancelled the company's licence to
produce and sell cannabis.. . .
14h08 Thousands of small shareholders
in Carige have signed up to attend a meeting on Friday
in an attempt to push through a last-ditch rescue plan that
could be sunk by the Italian bank's mercurial. . .
14h07 Swedish engineering company
SKF aims to use a demand slowdown to its advantage,
its chief executive said, stepping up an automation programme
that has already sent capital expenditure soaring.. . .
14h04 London Stock Exchange Group
Chief Executive David Schwimmer said he feels "very good" about
the proposed $27 billion acquisition of data and analytics
company Refinitiv, in which Thomson Reuters has a minority
stake.. . .
14h04 Refinery outages in
Saudi Arabia following weekend attacks on its oil facilities
could deal a blow to the shipping industry's preparations for
the biggest switch in fuel standards in decades.. . .
14h03 Iran's adversaries will regret
any aggression against it, a senior Iranian military officer
said a day after Riyadh and Washington blamed Iran for attacks
on oil installations in Saudi Arabia.. . .
13h50 A Tokyo court cleared on Thursday
three former Tokyo Electric Power (Tepco) executives of
negligence for the 2011 Fukushima disaster, the only criminal
case to arise out of the world's worst nuclear crisis since
Chernobyl. . .
13h45 Estonians are expected to take
out 25-30% of assets from the 4 billion euros ($4.4 billion)
state pension scheme which the government plans to open up from
the start of 2021, Finance Minister Martin. . .
13h45 Ukraine's President Volodymyr
Zelenskiy has given reassurances that PrivatBank's
nationalisation will not be reversed but the situation needs to
be monitored closely, the vice president of the European Bank
for Reconstruction and Development said.. . .
13h40 Lebanon's Jammal Trust Bank has
been forced to wind itself down after being hit last month by
U.S. sanctions for allegedly helping to fund the Iran-backed
Hezbollah movement, the bank said on Thursday.. . .
13h22 U.S. President Donald Trump
said Federal Reserve Chairman Jerome Powell's job is safe, even
though he was "not thrilled" with the central bank after it
moved to lower interest rates by a quarter of. . .
13h05 Britain's Saga said an
overhaul of its insurance business is beginning to pay off,
promising a better second half of the year after the over-50s
tourism and insurance firm's first-half profit more than halved.. . .
13h04 The following is a breakdown of
monthly estimates from Strategie Grains for cereal crops in the
The French-based consultancy continues to base its figures
on a 28-country EU,. . .
13h04 The British Airline Pilots Association
(BALPA) said https://www.balpa.org/Media-Centre/Press-Releases/Ryanair-reverts-to-type-and-starts-threatening-pil
on Thursday that Ryanair pilots in the UK have been
told by the airline that their benefits will be removed should
they take part in strike action. . .
13h00 After a summer of
wildfires, heat waves and hurricanes, United Nations
Secretary-General Antonio Guterres says he is banking on new
pledges from governments and businesses to abandon fossil fuels
during a special climate summit in. . .
12h35 Taiwan's central bank left its
policy rate unchanged on Thursday, as expected, and raised its
2019 growth forecast amid signs the island's export outlook may
be slowly improving despite the escalating U.S.-China trade war.. . .
12h19 Intesa Sanpaolo CEO Carlo Messina says:. . .
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