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  • Wabco misses 2Q profit forecasts Friday, 24 Jul 2015 | 6:42 AM ET

    BRUSSELS _ Wabco Holdings Inc. on Friday reported second-quarter profit of $65.8 million. Wabco expects full-year earnings in the range of $5.60 to $5.85 per share. Wabco shares have climbed 17 percent since the beginning of the year.

  • EU approves Nokia acquisition of Alcatel-Lucent Friday, 24 Jul 2015 | 6:05 AM ET

    BRUSSELS— The European Union has approved the 15.6 billion-euro acquisition of ailing French telecom company Alcatel-Lucent by Finland's Nokia Corporation following an investigation into whether the deal broke competition rules. The EU's executive Commission said Friday that there was enough difference between the two firms to not raise major...

  • BRUSSELS, July 24- No date has been set for the beginning of formal talks on a new rescue program for Greece because international creditors are still looking for a secure place to hold negotiations in Athens, a European Commission official said on Friday. But representatives of Greece's creditors-- the European Commission, the European Central Bank and the...

  • President Barack Obama told the BBC in an interview excerpt that aired on Thursday that Britain must remain in the European Union to maintain its global influence. Britain's EU membership "gives us much greater confidence about the strength of the transatlantic union," Obama said, adding the EU had "made the world safer and more prosperous."

  • BRUSSELS— The European Union on Thursday launched an antitrust case against six major U.S. movie studios and British satellite broadcaster Sky UK, in a move that could profoundly shake up the highly lucrative pay-television market in Europe. The EU's executive Commission has sent a so-called statement of objections to the companies regarding what it says...

  • ATHENS, Greece— Discussions over Greece's third bailout in five years are set to begin in Athens imminently after Greece's parliament approved Thursday tough new conditions set by European creditors. Officials in Athens and at the European Union said negotiators are expected to start arriving on Friday, marking the first time high-level talks will be held...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 23- Greek Prime Minister Alexis Tsipras contained a rebellion in his left-wing Syriza party to win parliamentary approval on Thursday for a second package of reforms required to start talks on a financial rescue deal. The bill that lawmakers voted on early Thursday...

  • PARIS/ BERLIN, July 22- Greece's new bail-out deal imposes a stiff dose of budget rigor and market deregulation which critics say few leaders of Western Europe's biggest nations have dared serve their own voters. "Francois Hollande is very good at telling others how to do their reforms," opposition French conservative Xavier Bertrand said in a dig at France's...

  • *For Eikon page on Greece and the euro zone, click http://tmsnrt.rs/1LlrwQw. ATHENS, July 22- Greece's leftist government tried on Wednesday to contain a rebellion in Prime Minister Alexis Tsipras' Syriza party ahead of a vote in the evening on reforms required to start talks on a rescue deal. "We are making an effort to have fewer dissenters," Health Minister...

  • Sri Lanka: EU fish ban causes $75 million loss Wednesday, 22 Jul 2015 | 6:14 AM ET

    COLOMBO, Sri Lanka— Sri Lanka has suffered a revenue loss of $75 million because of a European Union ban on fish caught by Sri Lanka- flagged vessels since January, a government spokesman said Wednesday. Sri Lanka was a significant exporter of swordfish and tuna to countries in the EU, which blacklisted Sri Lanka in January for failing to combat illegal fishing.

  • ATHENS, Greece— Greece's radical left-led government emerged bloodied but alive early Thursday from a key vote in parliament, which overwhelmingly approved new creditor-demanded reforms despite a revolt among hardliners in the main coalition partner. Without the money Greece would face financial ruin and forced exit from the euro currency club.

  • ATHENS, Greece— Under Alexis Tsipras, Greece slid back into recession, sank deeper into debt and found itself pushed to the brink of bankruptcy. But the telegenic prime minister is more popular than ever— testament to how his defiance of Europe has struck a chord with a nation fed up with sacrifices imposed from outside. As Greece's economy tanked under his...

  • ANALYSIS-In Greek crisis, one big unhappy EU family Monday, 20 Jul 2015 | 2:50 PM ET

    *Senior EU official sees 20-30 pct chance of success on Greece. The most worrying sign for European leaders is that public opinion and domestic politics are pulling them increasingly in opposing directions- not just between Greece and Germany, the biggest debtor and the biggest creditor, but almost everywhere. With central and east European states growing...

  • BRUSSELS— The European Union on Monday agreed to help Tunisia combat violent Islamic extremism and boost its economy, including by raising quotas on how much olive oil it can sell in EU markets. At the meeting, EU ministers also reviewed the situation in Libya, where many armed radicals active in Tunisia were reportedly trained in jihadi camps.

  • LONDON, July 20- Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity. Crude prices have fallen for three weeks in a row on expectations of increased oil sales from Iran following a deal to ease sanctions against the OPEC producer. Brent crude for September was down 35 cents at...

  • BRUSSELS, July 20- The European Union approved the Iran nuclear deal with world powers on Monday, a first step towards lifting Europe's economic sanctions against Tehran that the bloc hopes will send a signal that the U.S. Congress will follow. "It is a balanced deal that means Iran won't get an atomic bomb," said French Foreign Minister Laurent Fabius.

  • SPECIAL REPORT-The man who cost Greece billions Monday, 20 Jul 2015 | 5:29 AM ET

    ATHENS, July 20- Once again Alexis Tsipras was struggling to make a decision. For hours on July 13, the Greek prime minister and Europe's leaders had been trying to thrash out a new deal to bail out bankrupt Greece and keep the country in the euro zone. Now a clean copy of the latest text had been printed, and German Chancellor Angela Merkel, French President Francois...

  • BRUSSELS, July 20- The European Union will approve the Iran nuclear deal with world powers on Monday, a first step towards lifting Europe's economic sanctions against Tehran that the bloc hopes will send a signal that the U.S. Congress will follow. The EU will eventually lift its economic and financial sanctions and may reopen an EU delegation in Tehran, but will...

  • ROME— Four Italian construction workers have been kidnapped in Libya near an industrial complex owned by the Italian energy giant Eni in the western city of Mellitah, Italy's Foreign Ministry said Monday. The ministry noted it had closed its embassy in Libya on Feb. 15 and urged Italians to leave the North African nation because of the dangers.

  • ATHENS, Greece— Greece set a series of landmarks Monday it hopes will shore up its battered economy following months of crisis that threatened its place in the euro. Banks reopened after more than three weeks, and the cash-strapped country got enough money from European creditors to pay around 2 billion euros it owed to the International Monetary Fund.