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Europe News Europe

  • FRANKFURT, July 23- Germany has warned Russia that breaches of sanctions including the relocation to Crimea of four gas turbines delivered to Russia by Siemens are straining political relations between the two countries, Bild am Sonntag reported on Sunday. "The government has reminded Russia of these assurances again and pointed out that such a massive...

  • MADRID, July 22- Authorities in Madrid asked Spain's anti-trust watchdog on Saturday to investigate whether Uber's new low-cost airport transfer service constitutes unfair competition. The firm's recently launched Uber Airport service offers a tariff of 15- 29 euros for a ride between Madrid's Barajas international airport and the city centre.

  • FRANKFURT, July 22- Carmaker Seat sees compressed-natural-gas as an alternative fuel to diesel, the chief executive of the Spanish Volkswagen division said on Saturday. Seat was betting on CNG in order to compensate for falling diesel car sales, its chief executive Luca de Meo was quoted as saying in part of a report due to run in full in the July 24 issue of...

  • BERLIN, July 22- A senior member of German Chancellor Angela Merkel's Bavarian allies rejected French President Emmanuel Macron's plans to reform the euro zone by installing a joint finance minister and creating a common budget, in an interview published on Saturday. Markus Soeder, Bavaria's finance minister and a senior member of the Christian Social Union-...

  • LONDON— British officials announced plans Saturday to further regulate drone use in a bid to prevent accidents and threats to commercial aviation. Earlier this month London's Gatwick Airport briefly closed its runway over safety concerns when a drone was spotted in the area and several planes had to be diverted. The British Airline Pilots Association said...

  • HOUSTON/ WASHINGTON, July 21- The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions. Sanctions prohibiting any transaction in U.S. currency by Venezuela's state-run oil firm, PDVSA, are among the...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. **BERLIN- ECB's Executive Board Member Sabine Lautenschlager gives speech at book presentation "100 Years of Women's Vote" organised by Juristinnenbund and Bundesministerium der Justiz in Berlin, Germany 1530 GMT. TOKYO- Bank of Japan Deputy Governor...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. **BERLIN- ECB's Executive Board Member Sabine Lautenschlager gives speech at book presentation "100 Years of Women's Vote" organized by Juristinnenbund and Bundesministerium der Justiz in Berlin, Germany 1530 GMT. TOKYO- Bank of Japan Deputy Governor...

  • NEW YORK, July 21- U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase& Co derivatives traders implicated in the "London Whale" trading scandal that caused $6.2 billion of losses in 2012.. In seeking the dismissal of charges against Javier Martin-Artajo and Julien Grout, the Department of Justice said it "no longer believes...

  • NEW YORK, July 21- U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase& Co derivatives traders implicated in the "London Whale" trading scandal that caused $6.2 billion of losses in 2012.. In seeking the dismissal of charges against Javier Martin-Artajo and Julien Grout, the Department of Justice said it "no longer believes...

  • NEW YORK, July 21- U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase& Co derivatives traders implicated in the "London Whale" trading scandal that caused $6.2 billion of losses in 2012.. In seeking the dismissal of charges against Javier Martin-Artajo and Julien Grout, the Department of Justice said it "no longer believes...

  • July 21- With equity indexes at all-time highs, global mutual fund and ETF investors may be choosing now as the time to reverse a long-running move into bonds and out of equities. Thats either in harmony with retail investors legendary ability to pick the top or a canny bet on global reflation. We find increasing evidence that the de-equitisation process, by which...

  • NEW YORK— The U.S. government said Friday it is seeking dismissal of criminal charges against two ex-traders at JPMorgan Chase& Co. in a scandal that caused over $6 billion in losses after a trader known as the "London Whale" became an unreliable witness. Both are former derivatives traders who were criminally charged in September 2013 with conspiring to falsify...

  • NEW YORK, July 21- U.S. prosecutors on Friday said they are dropping criminal charges against two JPMorgan Chase& Co derivatives traders implicated in the "London Whale" trading scandal that caused $6.2 billion of losses in 2012.. In a filing with the U.S. District Court in Manhattan, prosecutors said efforts to extradite the defendants Javier Martin-Artajo and...

  • *Europe stock index drops, Germany's DAX falls 1.7 pct. NEW YORK, July 21- The weakening U.S. dollar fell to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and...

  • *OPEC July production to rise 145,000 bpd- Petro-Logistics. *OPEC, non- OPEC committee to discuss oil pact in Russia. NEW YORK, July 21- Oil prices slid on Friday, settling about 2.5 percent lower after a consultancy forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global market will stay awash with crude.

  • ATLANTA— U.S. building owners should review what materials their structures are built with following a deadly fire in London that showed how flames can quickly cover a high-rise, devouring it from the outside, fire experts said Friday. An Associated Press review found that the manufacturer of the panels used in the London tower said the same panels were used in...

  • An Audi AG A3 35 TDI emissions certification vehicle, produced by Volkswagen AG, waiting to be tested in South Korea on October 1, 2015.

    Audi is fitting up to 850,000 diesel cars with new software to improve emissions performance.

  • The industrial group said it now had credible evidence that all four gas turbines it delivered a year ago for a project in southern Russia had been illegally moved to Crimea, confirming a series of Reuters reports. The move is embarrassing for Russia, which stands accused of disregarding EU sanctions, flouting its original agreement with Siemens and going back...

  • Wheat futures were weaker, with a sell-off in MGEX spring pulling Chicago Board of Trade soft red winter wheat and K.C. hard red winter wheat contracts into negative territory. "Corn was down all day long off of unexpected rains through the center of Iowa and a six-to-ten day model run that came in somewhat wetter and less hot than yesterday's," Charlie Sernatinger,...