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Europe News Europe

  • SARAJEVO, Bosnia-Herzegovina— Flooding from a new lake created by a landslide in central Bosnia has shut down one of the country's main highways. That forced the closure of a busy highway connecting the Bosnian capital of Sarajevo with the central town of Zenica. Fahrudin Solak, a Civil Protection official, said emergency crews have redirected drivers to...

  • Sean Spicer

    Organizations including The New York Times, the Los Angeles Times, CNN and Politico were blocked from an informal White House briefing.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NEW YORK, Feb 24- Major global stock markets lost ground on Friday as investors scaled back bets U.S. Oil futures fell, pressuring energy stocks after data showed U.S. crude inventories rose for a seventh week, signaling oversupply despite OPEC's efforts to rein in output. "The market will come to realize that a lot of these pro-growth policies might get pushed to...

  • MILAN, Feb 24- Italy's biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country's largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. Management changes at Generali and political weakness in Rome helped fuel bid talk in recent months, with media reports suggesting Axa,...

  • EDINBURGH, Britain _ Royal Bank of Scotland Group PLC on Friday reported a loss of $5.77 billion in its fourth quarter. The bank, based in Edinburgh, Britain, said it had a loss of $1 per share. For the year, the company reported that its loss widened to $7.13 billion, or $1.61 per share.

  • *Dollar falls below 112 yen for first time since Feb. 9. NEW YORK, Feb 24- The U.S. dollar fell to a more than two-week low against the Japanese yen on Friday as investors doubted the likelihood of swift tax reform and a quick spending boost from U.S. Its first dip below 112 yen since Feb. 9 put the greenback on track for its second straight weekly loss against the Japanese...

  • NEW YORK, Feb 24- U.S. benchmark 10- year Treasury note yields dropped to five-week lows on Friday, pressured by declines in Europe amid persistent political uncertainty and a soft batch of U.S. data that suggested a more mixed outlook for the world's largest economy. In Europe, German two-year yields fell to record lows, while France's 10- year bond yield hit.

  • NEW YORK, Feb 24- U.S. benchmark 10- year Treasury note yields dropped to five-week lows on Friday, pressured by declines in Europe amid persistent political uncertainty and a soft batch of U.S. data that suggested a more mixed outlook for the world's largest economy. In Europe, German two-year yields fell to record lows, while France's 10- year bond yield hit.

  • *Hikes dividend to 2.06 eur/ pref vs Rtrs poll avg 1.86 eur. *2016 operating profit ex one-offs 14.6 bln euros. WOLFSBURG, Germany, Feb 24- Record Audi and Porsche sales helped Volkswagen swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions scandal meant it missed estimates for its operating profit.

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices fell about 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • NEW YORK/ LONDON, Feb 24- Gold reached its highest in 3-1/ 2 months on Friday as the dollar fell to a one-week low after the new U.S. Treasury Secretary Steven Mnuchin said on Thursday that any steps U.S. "We've got a vacuum of policy, real rates going down, the dollar going sideways and geopolitical around the world... all helping gold," ICBC Standard Bank analyst Tom Kendall...

  • The company reported a net profit attributable to Volkswagen AG shareholders of 5.1 billion euros last year compared with a net loss of almost 1.6 billion euros in 2015.. The Wolfsburg- based company paid a heavy price for its deceit, agreeing to pay more than $16 billion in buybacks and compensations to owners of VW cars in the U.S. alone. VW group sales rose 4...

  • PARIS— The French financial prosecutor's office decided Friday to open a judicial inquiry surrounding the allegedly fake parliamentary aide jobs that conservative presidential candidate Francois Fillon gave to his wife and two of his children, pushing the case to a higher and riskier level for the man hoping to become the next president of France.

  • PARIS— French financial prosecutor opens full judicial inquiry into conservative presidential candidate Francois Fillon.

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices slid nearly 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • As of 11:58 a.m. CST, Chicago Board of Trade March wheat was down 7 cents at $4.31 per bushel after dipping to $4.30, its lowest since Feb. 9. March soybeans were up 3/ 4 cent at $10.12-1/ 4 a bushel, rebounding after falling to $10.09-1/ 4, its lowest since Jan. 12. As you violate some technical signals, you've got the potential for some further liquidation, "said Terry Linn,...

  • Feb 24- Canada's MacDonald Dettwiler and Associates Ltd said it would buy U.S.-based satellite imagery provider DigitalGlobe Inc for about C $3.10 billion, the biggest deal yet in a fast-consolidating earth-imaging satellite market. DigitalGlobe's satellites supply high-resolution images to its customers such as the U.S. Department of Defense and...

  • Feb 24- Boeing Co said it would invest 20 million pounds to open its first production facility in Europe to make components for certain aircraft. Boeing said the Sheffield factory will work closely with its Portland, Oregon plant which makes machine parts, gear systems and flight controls. The investment in UK is part of Boeing's strategy to start in-house...