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Europe News Europe

  • Privatizing Greece, Slowly but Not Surely

    Greece has hired Deutsche Bank and Morgan Stanley to conduct a voluntary buy back of its debt, a senior finance ministry official told Reuters.

  • Spain's stock market regulator suspended trading in the shares of Bankia and Banco de Valencia, two of the country's nationalized banks.

  • The Bank of Spain has approved the restructuring plans for four of the country's nationalised banks due to receive aid from Europe, Spanish restructuring fund FROB said on Tuesday. The FROB, which controls the banks bailed out by Spain, added that the European Commission was expected to give its definitive approval to the plans on Wednesday.

  • LONDON-- Multinational companies are paying little or no tax on their earnings in Britain, angry lawmakers charged Monday at an unusual hearing involving Starbucks, Google and Amazon. Legislators were skeptical, for example, about the coffee chain Starbucks' claim that it is not making profits in Britain.

  • CLEVELAND/ CHICAGO- President Barack Obama and Republican challenger Mitt Romney battled down to the wire on Tuesday, mounting a last-minute Election Day drive to get their supporters to the polls in a handful of states that will decide the winner in a neck-and-neck race for the White House.

  • Nov 6- A federal judge in Los Angeles has issued a tentative ruling that could block a sale of asset manager TCW Group to private equity firm The Carlyle Group LP. The tentative ruling stems from a lawsuit filed in August by EIG Global Energy Partners LLC to block the sale of TCW to Carlyle.

  • NEW YORK, Nov 6- World stock markets rose on Tuesday as American voters went to the polls, with the U.S. presidential election keeping trade subdued while the euro held steady despite uncertainty over Greece's next financial aid payment.

  • NEW YORK, Nov 6- The U.S. dollar slipped against most major currencies on Tuesday as investors bet the greenback recently had risen too far and too fast given the outlook for the U.S. economy and problems in Europe, though trading was subdued ahead of the results of the U.S. presidential election.

  • Nov 6- Pearson Plc has decided to consider offers for the Financial Times newspaper this year and may seek at least $1 billion, Bloomberg reported, citing people with knowledge of the situation.

  • *Wall Street jumps; S&P, Dow up more than 1 pct. NEW YORK, Nov 6- Oil rose 3 percent on Tuesday, rallying a second straight session and receiving a lift from gains on Wall Street as investors awaited U.S. election results. President Barack Obama and Romney were neck-and-neck as Americans cast votes for president and Congress, polls showed on Tuesday.

  • NEW YORK, Nov 6- Prices of U.S.

  • *Soybeans bounce, find support at $15 a bushel. CHICAGO, Nov 6- U.S. wheat futures rose 1.3 percent on Tuesday, their second straight day of gains, d ue to concerns about the poor condition of the just-planted winter crop in the United States and weather trouble in major exporters Australia and Argentina.

  • *Q4 adjusted profit $1.11/ share beats by 6 cents. Nov 6- U.S. industrial conglomerate Emerson Electric Co reported a sharply lower quarterly net profit on Tuesday, reflecting a goodwill charge in its network power business, and said it expects earnings to grow by at least a single-digit percentage rate in fiscal 2013..

  • NEW YORK, Nov 6- World stock markets rose on Tuesday as American voters went to the polls, with the U.S. presidential election keeping trade subdued while the euro held steady despite uncertainty over Greece's next financial aid payment.

  • Nov 6- Pearson Plc has decided to consider offers for the Financial Times newspaper this year and may seek at least $1 billion, Bloomberg reported, citing people with knowledge of the situation. Pearson may initiate the sale preparations ahead of the departure of Chief Executive Marjorie Scardino, Bloomberg said.

  • PARIS, Nov 6- France is to grant 20 billion euros in annual tax credits to companies as a way of lowering labour costs, in a tougher-than-expected response to calls from business leaders to reverse decades of industrial decline. `` France is not condemned to the spiral of decline. `` France must win back its role as a great industrial power.''.

  • *Renault seeks concessions on pay, working time. Opening negotiations on a new nationwide labor deal, Renault indicated that it wanted an agreement by the end of January and it would not choose production sites for future models before then, according to workers' representatives who attended the meeting.

  • LONDON/ NEW YORK, Nov 6- Investor confidence in U.S. equity markets is at an all-time low due to worries over the global economy and greater market complexity, NYSE Euronext's chief executive said on Tuesday after the company reported a 42 percent drop in quarterly profit.

  • *SNC Lavalin sees India designating site for Candu reactors. NEW DELHI, Nov 6- Canadian firms will be able to export uranium and nuclear reactors to India for the first time in almost four decades under an agreement between the two nations, their prime ministers said, but more work is needed to implement the deal.

  • *SNC Lavalin sees India designating site for Candu reactors. NEW DELHI, Nov 6- Canadian firms will be able to export uranium and nuclear reactors to India for the first time in almost four decades under an agreement between the two nations, their prime ministers said, but more work is needed to implement the deal.