News Wire

Kenyan banks to test mobile lending app to ease SME squeeze

20/05 Five Kenyan banks have launched a lending service via mobile phone aimed at getting credit through to the country's small and medium-sized businesses, the central bank said on Monday.  Full story

UK's Halfords profit falls 18%, sees flat outcome in new year

08h57 British bicycles and car parts retailer Halfords on Tuesday reported a 18% fall in annual profit and, with consumer confidence "fragile", forecast a flat outcome in its new financial year.. . .  Full story

Oil up on escalating U.S.-Iran tensions, but trade war worries cap gains

08h55 Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.. . .  Full story

Japan auto lobby dismayed at Trump comment on imported cars

08h53 Japan's automobile makers lobby on Tuesday said it was profoundly disappointed by U.S. President Donald Trump's comment that imported vehicles were a threat to U.S. national security.. . .  Full story

Britain's Tesco to stop mortgage lending due to tough competition

08h47 Britain's biggest supermarket chain Tesco plc said its banking unit will stop mortgage lending due to cut-throat competition and tough market conditions that have pressured profits for lenders across the sector.. . .  Full story

Miner Fresnillo warns of "more challenging" 2019

08h46 Fresnillo said on Tuesday that 2019 would be a more challenging year than 2018, warning that a number of industry variables were "working against" the precious metals miner.. . .  Full story

Sweden's Veoneer to sell $500 million of bonds, equity to boost working capital

08h42 Swedish auto tech company Veoneer plans to raise $500 million through the sale of equity and bonds to shore up working capital, as its strong order book has yet to translate into a pick. . .  Full story

Australia PM struggles to meet tax relief election pledge, cenbank urges stimulus

08h36 Australia's re-elected coalition said on Tuesday it would struggle to deliver tax breaks for tens of millions of voters by July 1, a cornerstone of it's election campaign, as the central bank called for. . .  Full story

EXCLUSIVE-A delicate balance: Toyota took care to make offering to U.S. before China deals

08h36 Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning.. . .  Full story

Galliford Try strategic review to cut 350 jobs

08h19 British builder Galliford Try said on Tuesday the strategic review launched last month would see its construction business concentrate on its core strengths in building, water and highways, leading to up to 350 job. . .  Full story

Gold eases as placid Fed supports dollar

08h04 Gold eased on Tuesday after touching a more than two-week low in the previous session, as increasing bets that the U.S. Federal Reserve will not cut interest rates this year boosted the dollar which. . .  Full story

In hometown, Macron battles disillusion and apathy ahead of EU election

08h00 In Emmanuel Macron's hometown of Amiens, it's hard to find enthusiasm for either the French president or the European Union, less than a week before European parliament elections.. . .  Full story

Thai baht hit by weak GDP data; yuan up as US eases curbs on Huawei

07h59 The Thai baht on Tuesday slipped to its weakest level in nearly two weeks on soft economic data, underperforming most of its counterparts which were relieved by Washington's decision to ease some of its. . .  Full story

Hundreds of foreign companies attend N.Korea trade fair despite sanctions

07h50 An international trade fair in North Korea this week may be the largest such event on record, analysts said on Tuesday, with hundreds of Chinese and other foreign vendors taking part despite sanctions pressure.. . .  Full story

Asian stocks off 4-month lows, but Huawei row weighs

07h37 Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China's Huawei, although fears of a further escalation in tensions kept investors on edge.. . .  Full story

London copper climbs as U.S. eases Huawei restrictions

07h35 Prices of copper and other industrial metals rose on the London Metal Exchange (LME) on Tuesday after the United States temporarily eased some trade restrictions on Chinese telecoms giant Huawei.. . .  Full story

Moody's sees room for Bank of Korea to ease monetary policy

07h22 Loose global liquidity conditions and weak inflationary pressure in South Korea should allow the Bank of Korea room to consider easing monetary policy, credit ratings agency Moody's Investors Service said on Tuesday.. . .  Full story

Yuan edges up as U.S. eases restrictions on Huawei

07h02 China's yuan firmed against the dollar on Tuesday, as sentiment improved slightly after Washington temporarily eased restrictions on Huawei, while a firmer-than-expected official midpoint discouraged bets against the renminbi. The U.S. government. . .  Full story

Australian dollar upended as RBA talks of June rate cut

07h00 The Australian dollar slid on Tuesday after the country's top central banker said interest rates might be cut as soon as next month, leading investors to wager an imminent easing was all but a. . .  Full story

U.S. garlic growers profit from trade war as most farmers struggle

07h00 Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump's latest economic attack accordingly.. . .  Full story

Australia c.bank signals rate cut in June as economic growth cools

06h47 Australia's central bank would consider cutting interest rates next month to support the economy, Governor Philip Lowe said on Tuesday as he urged the country's newly re-elected government to do its part by slashing income. . .  Full story

Investments by automakers in the U.S. and China since Trump came to power

06h44 Major automakers have announced a slew of investments in the United States since President Donald Trump took office in January 2017 and exerted pressure on the industry to create more U.S. jobs.. . .  Full story

Indian shares hit record highs, exit polls keep cheering markets

06h36 Indian shares rose to all-time highs on Tuesday, extending a four-day rally after exit polls on Sunday showed Prime Minister Narendra Modi was set to retain power with an even bigger mandate than in. . .  Full story

HSBC plans more China tech jobs in push for market share

06h35 HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development centres in China, as the Asia-focused lender seeks to bolster its presence in the world's second largest. . .  Full story

China shares climb as U.S. eases Huawei restrictions

06h30 China stocks rose on Tuesday as the easing of U.S. trade restrictions on Chinese telecoms firm Huawei brought relief to investors, lifting sentiment battered by a bruising trade war between the world's two largest economies. **. . .  Full story

SE Asia Stocks-Widodo win boosts Indonesia; Singapore falls on growth worries

06h19 Indonesian shares extended gains on Tuesday as official counts, released earlier than scheduled, confirmed the re-election of incumbent President Joko Widodo, while the Singapore index declined after the country cut its 2019 growth outlook.. . .  Full story

Thai Q1 GDP growth falls to weakest in more than 4 years, outlook murky

06h08 Thailand's economy grew at its slowest pace in more than four years in the first quarter, and by less than expected, thanks to a drop in exports and public investment.. . .  Full story

Corn climbs to 1-year peak, wheat hits 3-month high

06h04 Chicago corn futures rose for a seventh consecutive session on Tuesday, the longest rally in two years, as the pace of U.S. planting lags behind market expectations, stoking fears that farmers will be. . .  Full story

JGBs flat, BOJ's debt buying offsets weakening by U.S. Treasuries

05h58 Japanese government bond prices were flat on Tuesday, with a regular debt-buying operation by the central bank helping offset negative pressure from a retreat by U.S. Treasuries.. . .  Full story

Dollar near 2-1/2-wk peak on higher yields, trade tensions; Aussie slips

05h37 The dollar was steady near a 2-1/2-week high on Tuesday, supported by higher U.S.-yields and its safe-haven status, with growing worries that the U.S.-China trade war could worsen following Washington's crackdown on China's Huawei Technologies.. . .  Full story

U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

05h08 The U.S. government has temporarily eased trade restrictions imposed last week on China's Huawei, a move aimed at minimizing disruption for its customers but dismissed by its founder who said the tech firm had. . .  Full story

Nikkei falls as electric component makers hit by Huawei fallout

04h54 Japan's Nikkei slipped on Tuesday as Washington's blacklisting of Huawei Technologies Co Ltd took a heavy toll on suppliers to the Chinese telecoms equipment maker. The Nikkei fell 0.4% to 21,218.62 at the midday break.. . .  Full story

Australia's c.bank tilts to clear easing bias as unemployment rises

04h36 Australia's central bank is set to cut interest rates if the labour market fails to show signs of improvement, an outcome brought closer by recent disappointing data on unemployment.. . .  Full story

S.Korea stocks rise as foreigners buy; Samsung Electronics leads gain

04h13 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Tuesday as foreigners bought local stocks, with the. . .  Full story

Australia, NZ shares slip on growing worries over trade war escalation

03h48 Australian shares slipped on Tuesday after a U.S. crackdown on Chinese telecom giant Huawei sent global equities tumbling, as investors worried that it could lead to an escalation in the Sino-U.S. trade war.. . .  Full story

Singapore cuts 2019 GDP forecast as Q1 growth hits decade low

03h41 Singapore's annual economic growth slipped to the lowest in nearly a decade in the first quarter as manufacturing contracted in the wake of a protracted Sino-U.S. trade war, prompting a downgrade to the city-state's full-year. . .  Full story

InterDigital expects to be able to license 5G tech to Huawei, despite U.S. ban

03h30 InterDigital Wireless Inc said on Monday that it can license its 5G network technology to Huawei Technologies Co Ltd despite the threat of a U.S. ban on selling chips and software to the Chinese telecommunications. . .  Full story

Huawei founder says U.S. govt is underestimating company -state media

03h20 The U.S. government's temporary easing of trade restrictions on Huawei Technologies bears little meaning on the company as the Chinese firm has made preparations, Huawei's founder Ren Zhengfei told state broadcaster CCTV on Tuesday in. . .  Full story

Japan's Suga: Govt already planning steps to ease pain from sales tax hike

03h17 Japan's government is already planning to take sufficient steps to mitigate the pain a scheduled sales tax hike in October could inflict on the economy, its top spokesman said on Tuesday.. . .  Full story

In inland Chinese province, property bubble haunts dreams of prosperity

02h43 Song Jingyi, a paralegal from a family of modest means in the central Chinese region of Henan, had long dreamed of buying a home of her own in Zhengzhou, the sprawling provincial capital of. . .  Full story

Japan finmin Aso: Q1 GDP not bad, economic fundamentals remain solid

02h20 Japanese Finance Minister Taro Aso said on Tuesday that gross domestic product growth in the first quarter was not bad and that the country's economic fundamentals remained solid.. . .  Full story

Low rates to underpin, not revive, Canada's housing market

02h05 Canada's housing market will stay stuck in the doldrums, with average prices stagnating this year and then rising 1.7% next year, hardly keeping pace with inflation, a Reuters poll of economists and property market. . .  Full story

Fed's Powell: Business debt no subprime crisis, but still merits reflection

01h00 Federal Reserve Chairman Jerome Powell on Monday dismissed comparisons between the rise of business debt to record levels in recent years and the conditions in U.S. mortgage markets that preceded the 2007-to-2009 economic crisis, but. . .  Full story

China's CNPC breaks into Myanmar fuel retailing with Singapore brand

01h00 China National Petroleum Corp is planning to open dozens of petrol stations in Myanmar, the first major foreign investor to enter the fast-growing Southeast Asian fuel market, as the state giant expands its retail oil. . .  Full story

Ascena to wind down Dressbarn business, shut 650 stores

00h53 Ascena Retail Group Inc said on Monday it would wind down its women's budget clothing chain, Dressbarn, shutting about 650 stores in the United States, as it sharpens its focus on profitable brands.. . .  Full story

Slack expects to raise about $197 million in direct listing

00h39 Slack Technologies Inc, the owner of the workplace instant messaging app, said on Monday it expects https://www.sec.gov/Archives/edgar/data/1764925/000162828019007058/slacks-1a2.htm to raise $196.5 million in direct listing of its class A common shares on the New York. . .  Full story

Ex-Credit Suisse banker pleads guilty to U.S. charge over Mozambique loan

00h34 A former Credit Suisse Group AG banker pleaded guilty on Monday to a U.S. charge that she helped launder money from a kickback scheme involving $2 billion in loans to state-owned companies in Mozambique.. . .  Full story

Legg Mason names Trian's Peltz, Garden to board

00h11 Legg Mason Inc said on Monday it had appointed Trian Fund Management LP's Nelson Peltz and Ed Garden as directors, raising the size of its board to 12 members.. . .  Full story

Australia shares poised to fall, New Zealand steady

00h10 Australian shares are expected to fall on Tuesday, tracking global peers which slid on worries of a widening trade standoff between the world's two largest economies amid the White House's restrictions on Chinese telecom equipment. . .  Full story

U.S. eases some restrictions on China's Huawei to keep mobile networks operating

20/05 The U.S. government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.. . .  Full story

Trump loses lawsuit challenging subpoena for financial records

20/05 A U.S. judge on Monday ruled in favor of a U.S. House of Representatives committee seeking President Trump's financial records from his accounting firm, dealing an early setback to the Trump administration in its. . .  Full story

Worries of longer, costlier U.S.-China trade war hits markets

20/05 Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring "extravagant expectations" for a deal to end. . .  Full story

Stocks slide as worries about Huawei fallout mount

20/05 Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while. . .  Full story

Wall St slides as Huawei fallout hits tech shares

20/05 U.S. stocks slid on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions. . .  Full story

Mexico tax plan for Uber creates friction among ride hailing firms

20/05 Mexico on Monday detailed plans to withhold tax from drivers for ride-hailing and food delivery firms such as Uber Technologies Inc and Rappi, but China's Didi said it would not take part in the. . .  Full story

UK's Hammond: Backing a 'no deal' Brexit means deliberately harming economy

20/05 British finance minister Philip Hammond will on Tuesday warn that those pushing for Britain to leave the European Union without a deal would be doing deliberate damage to the British economy.. . .  Full story

Latam stocks rise, Bovespa gains on reform hopes

20/05 A Latin American stocks benchmark rose on Monday, boosted by shares in index heavyweight Brazil, while Latin American currencies were pressured by the dollar, with risk appetite capped by fears of worsening U.S.-China trade ties.. . .  Full story

China's Didi shuns Mexico's ride-hailing tax plan

20/05 Chinese ride-hailing platform Didi said on Monday it would not take part for now in a new Mexican scheme to retain tax from drivers and delivery riders at technology companies, after rival firms Uber. . .  Full story

U.S. yields rise in choppy trading; U.S.-China trade in focus

20/05 U.S. Treasury yields rose on Monday, but traded within narrow ranges, reversing course in the afternoon session, as risk appetite improved somewhat despite continuing trade tension between the United States and China.. . .  Full story

Dollar holds awaiting signals on trade, Fed policy

20/05 The U.S. dollar was roughly unchanged Monday as investors held off on making big moves while awaiting developments in U.S-China trade negotiations and insight into the Federal Reserve's thinking on interest-rate policy.. . .  Full story

Nike, Under Armour, among others, urge Trump to remove footwear from tariff list

20/05 U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged U.S. President Donald Trump to remove footwear from the proposed tariffs list on goods imported from China.. . .  Full story

Corn hits nearly one year peak as rains stall U.S. planting

20/05 U.S. corn futures climbed for a sixth straight session on Monday and touched their highest level in nearly a year as rainy Midwest weather and waterlogged fields stoked concerns about reduced plantings and lower. . .  Full story

Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan

20/05 U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal. . .  Full story

Turkey imposes settlement delay on FX purchases more than $100,000

20/05 Turkey's BDDK banking watchdog on Monday imposed a settlement delay for FX purchases by individuals of more than $100,000, a move that could raise concerns about capital control in the country as it looks protect. . .  Full story

Oil touches multi-week highs as OPEC signals it may extend cuts

20/05 Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle. . .  Full story

Congo Republic senate approves restructuring of China debt

20/05 Congo Republic's senate on Monday voted to restructure some of its debt with China, a move that the International Monetary Fund has said was necessary to unlock financial support, the finance ministry said.. . .  Full story

Spanish retailer DIA strikes rescue deal with banks

20/05 Struggling Spanish retailer DIA reached an eleventh-hour agreement to secure financing on Monday, new owner LetterOne said in a statement, staving off the imminent risk of having to start insolvency proceedings.. . .  Full story

Gold steadies as equities dip, focus turns to Fed minutes

20/05 Gold steadied on Monday after recovering slightly from a more than two-week low hit earlier in the session, as equity markets fell ahead of the U.S. Federal Reserve's release of minutes from its last. . .  Full story

UK firms likely to scrap planned investment on a no-deal Brexit -BoE's Broadbent

20/05 British companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock, Bank of England. . .  Full story

Greenpeace activists block BP London HQ demanding end to oil exploration

20/05 Greenpeace activists blocked the entrance to BP's London headquarters on Monday, demanding one of the world's biggest energy companies ends all new oil and gas exploration or goes out of business.. . .  Full story

SolGold in talks to finance long-life Ecuador copper project

20/05 SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.. . .  Full story

Tesla stock and bonds tumble as investors fret about costs and safety

20/05 Tesla's stock and bonds tumbled on Monday as investors worried about the automaker's cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car. . .  Full story

Norsk Hydro given nod to restore output at Alunorte alumina plant

20/05 Norwegian metals maker Norsk Hydro has been given the go ahead by a Brazilian federal court to resume full output from the company's Alunorte alumina refinery, it said on Monday.. . .  Full story

Free scooter rides and EU power ballads, big firms pump up voters for EU polls

20/05 From Volkswagen to Spotify to Iberdrola, Europe's biggest firms are urging people to vote in key European Parliament elections this weekend amid concerns that an anti-EU outcome could disrupt their business and hurt their bottom. . .  Full story

U.S. unlikely to suffer big damages from China trade dispute: Fed

20/05 Trade tensions with China need to linger for an extended period to cause real damage to the United States economy, St. Louis Fed President James Bullard said in remarks published on Monday.. . .  Full story

Swedbank to rebuild board at June 19 extraordinary meeting

20/05 Swedbank on Monday called an extraordinary general meeting on June 19 to vote on three new board members as it tries to rebuild its scandal-hit reputation.. . .  Full story

OPEC+ considers moving oil policy meeting to early July -sources

20/05 * OPEC and its allies are considering moving the date of their next oil policy meeting in Vienna to July 3-4 from June 25-26, two OPEC sources said on Monday.. . .  Full story

European stocks fall on worries about Huawei fallout

20/05 European stocks recorded broad-based losses on Monday, as a U.S. crackdown on China's Huawei Technologies rekindled concerns about worsening global trade and wilted the continent's trade-exposed tech and auto stocks.. . .  Full story

Uniper tests interest in its German LNG import project, seeks partner

20/05 Germany's Uniper started on Monday to test the interest of gas companies in using its proposed liquefied natural gas (LNG) terminal in Germany and said it was also seeking a partner in the company. . .  Full story

Zambia seeks 'divorce' from Vedanta over alleged mining breaches

20/05 Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining licence and bring a new investor into the operation, in a move likely to stoke international miners' concerns about rising government intervention in. . .  Full story

Zinc slides to 4-month low as China supplies ramp up

20/05 Zinc prices hit four-month lows on Monday as investors fretted about rising supplies from top producer China, while industrial metals overall came under pressure from trade tensions between the United States and China.. . .  Full story

Trade jitters drag UK shares, turbulence hits Ryanair

20/05 Britain's main share index slipped again on Monday as worries over international trade increased on the back of U.S. curbs on China's Huawei, while weak results from Ryanair triggered a sell-off in airlines across. . .  Full story

Full-blown trade war will push world towards recession - Morgan Stanley

20/05 A collapse of U.S.-China trade talks and hike in tariffs on Chinese goods would push the world economy towards recession and see the Federal Reserve cut U.S. interest rates back to zero within a. . .  Full story

Xcel Energy plans to shut remaining two coal plants in upper Midwest by 2030

20/05 Xcel Energy Inc said on Monday it planned to shut its remaining two coal plants in the upper Midwest a decade earlier than scheduled, as it aims to become a producer of clean energy.. . .  Full story

Germany spends record 23 bln euros on refugees - document

20/05 Germany spent a record 23 billion euros ($25.65 billion) last year on helping to integrate more than one million refugees and fighting the root causes of migration abroad, a government document seen by Reuters. . .  Full story

Sterling inches off lows after biggest weekly drop this year

20/05 Sterling inched away from its weakest levels since January on Monday as Britain's prime minister made a last-ditch bid to get a Brexit deal through parliament before she leaves office, though scepticism from the opposition. . .  Full story

Euro zone bond yields up; Austria in focus as video sting brings down govt

20/05 Euro zone government bond yields edged up on Monday from last week's multi-year lows, with focus on Austria after the collapse of its coalition at the weekend raised the chances of a snap national. . .  Full story

Russia's Antipinsky refinery files for bankruptcy

20/05 Russia's Antipinsky oil refinery said on Monday it had filed for bankruptcy, weeks after a London court ordered its assets be frozen in response to a lawsuit from a trading house.. . .  Full story

Face ID firm Lumentum follows Google with Huawei ban

20/05 Apple Face ID parts supplier Lumentum Holdings Inc followed Google on Monday in clamping down on the business it does with Huawei Technologies , after U.S. President Donald Trump imposed a ban on the Chinese. . .  Full story

No more 'white collar theft': Mexico orders end to corporate tax breaks

20/05 Mexican President Andres Manuel Lopez Obrador said on Monday his government will order an end to tax forgiveness for the country's largest companies, saying $20 billion in exemptions given by his predecessors was akin to. . .  Full story

Goldman switches to Mazars for European audit

20/05 Goldman Sachs International has appointed Mazars to audit its London-based European operations in a major coup for the accounting firm.. . .  Full story

Argentina readies to join LNG exporters club with maiden cargo

20/05 Argentina is about to export its first liquefied natural gas (LNG) cargo from a new floating facility, marking a milestone for its energy sector boosted by rising gas production from its large Vaca Muerta. . .  Full story

British police begin removing Greenpeace activists who blocked BP HQ

20/05 British police began removing Greenpeace activists who had blocked BP headquarters in London, a Reuters photographer at the scene said.. . .  Full story

Huawei mobile users ponder switching brand after Google news

20/05 Time to abandon the Huawei phone? That was what some owners asked after U.S. tech giant Google said it would suspend its business with China's top mobile maker, threatening future access to Gmail, YouTube and. . .  Full story

Italy's fashion industry growth stalls due to trade tensions

20/05 Italy's fashion industry increased revenues by just 0.2% in the first quarter of 2019, held back by trade tensions between the United States and China, the national sector body said on Monday.. . .  Full story

Italy's Tria says investor confidence key for debt sustainability

20/05 Investor confidence is key for the sustainability of Italy's 2.3 trillion euro ($2.6 trillion) debt, which limits Rome's room for manoeuvre, Economy Minister Giovanni Tria said on Monday.. . .  Full story

Germany's Scholz eyes higher tobacco tax to plug budget gap -sources

20/05 German Finance Minister Olaf Scholz is flirting with a higher tobacco tax to plug a multi-billion-euro gap in the federal budget and boost Berlin's fiscal strength to counter the effects of a slowing world economy,. . .  Full story

British ministers forecast thriving City of London in post-Brexit world

20/05 Britain's finance industry will emerge stronger from Brexit, remaining one of the world's top financial centres, ministers in Prime Minister Theresa May's government forecast on Monday.. . .  Full story

If Modi wins India election, who will be finance minister?

20/05 India's Finance Minister Arun Jaitley looks set to retain his post if Prime Minister Narendra Modi wins a second term as expected when results come on Thursday.. . .  Full story

EDF Energy extends outages at UK's Hunterston nuclear plant

20/05 EDF Energy, owned by France's EDF , has extended outages at the two reactors at its Hunterston plant in Scotland, regulatory data on the company's website showed.. . .  Full story

China and European Union sign landmark aviation deals

20/05 China and European Union regulators have signed two "landmark" aviation agreements boosting their cooperation in the sector, China's state-run CCTV and the EU said on Monday.. . .  Full story

Ryanair profit hits 4-year low as "fare wars" bite

20/05 Ryanair reported its weakest annual profit in four years on Monday and said earnings could fall further as European airlines wage what Chief Executive Michael O'Leary described as "attritional fare wars.". . .  Full story