Europe News Europe

More

  • *Tom Ford also to sell collection on same day as Sept show. LONDON/ PARIS, Feb 5- Design houses Burberry and Tom Ford on Friday announced new strategies that will allow them to close the gap between the runway and retail in order to get clothing and accessories more quickly to customers in different climates around the world. Major luxury brands such as Dior, Chanel,...

  • NEW YORK, Feb 5- Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi...

  • TREASURIES-Prices rise as oil, China concerns weigh Friday, 5 Feb 2016 | 3:17 PM ET

    NEW YORK, Feb 5- U.S. Oil fell on Friday afternoon before a meeting on Sunday between Venezuelan Oil Minister Eulogio Del Pino, who is trying to rally support among oil producers for action to boost prices, and his Saudi counterpart Ali al-Naimi. "There is a lot of talk and speculation as it relates to China," while credit indicators for banks have been weakening, said...

  • WASHINGTON— A smirking Martin Shkreli briefly united Democrats and Republicans on Capitol Hill this week, as lawmakers took turns blasting the price-hiking former CEO who has become the new poster child for corporate greed. But the gridlocked state of Congress virtually assures federal efforts to lower drug prices will remain in limbo for years.

  • WASHINGTON, Feb 5- U.S. and British officials are discussing possible avenues for UK spy agencies and police to be able to directly ask U.S.-based media companies to turn over email and online chat records from people under UK investigation, U.S. officials said on Friday. The Washington Post reported talks were focused on letting UK agencies, such as...

  • Feb 5- Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog of LEAP engines, which power the Boeing 737 MAX and Airbus A320neo jetliners, now stands at more than 10,000 units...

  • Feb 5- LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities, RBC Capital Markets and Suntrust Robinson also...

  • NEW YORK, Feb 5- Oil prices were little changed in choppy trading on Friday, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi counterpart Ali al-Naimi in...

  • CFM sells 2,154 engines in 2015 Friday, 5 Feb 2016 | 1:06 PM ET

    Feb 5- Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. It also said it produced 1,638 CMF56 engines in 2015.. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog of LEAP engines, which power the Boeing 737 MAX and Airbus...

  • Chicago, Feb 5- U.S. wheat futures slumped for a second session on Friday, anchored by ample global supplies and after top importer Egypt canceled a tender for the second time this week. Corn and soybeans were also lower at the Chicago Board of Trade, with all three markets on pace for a weekly decline ahead of a U.S. Department of Agriculture supply and demand...

  • The news sent shares of J&J, whose annual Remicade sales of $6.5 billion are mostly in the United States, down more than 3 percent. FDA scientists released their favorable report ahead of a scheduled meeting on Tuesday of an independent medical advisory panel to the agency. "In considering the totality of the evidence, the data submitted by Celltrion show that is...

  • LONDON/ MILAN, Feb 5- European equities ended lower after a choppy session on Friday, with the sell-off accelerating in late business after U.S. jobs data left investors guessing about the possibility of an interest rate hike this year. "The result is an even more confused picture on the likely pace of rate increases from the Federal Reserve... which is unlikely to be...

  • WASHINGTON, Feb 5- President Barack Obama on Friday said the latest jobs report showing the unemployment rate at an eight-year low of 4.9 percent was a testament to the strength of the American economy. "We should be proud of the progress we've made," Obama told reporters in the White House briefing room. But Obama noted "softness" in China, Europe and other economies...

  • Business events scheduled for the coming week Friday, 5 Feb 2016 | 12:41 PM ET

    BERLIN— Germany releases industrial production figures for December. WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. WASHINGTON— Fed Chair Janet Yellen testifies to House committee on monetary policy, 10 a.m.; Embargo on prepared...

  • Italian banks hit by concerns over bad loans Friday, 5 Feb 2016 | 12:31 PM ET

    MILAN— Italian banking shares are getting battered this year as the government tries to bundle and dispose of billions of euros in bad loans while attempting to reform and consolidate the ailing sector. Since the start of the year, Italian banks have lost more than 35 billion euros in market capitalization as investors sold their shares amid concern about some...

  • WASHINGTON, Feb 5- A lower U.S. unemployment rate in January and a rise in wages suggests the economy is resisting a global slowdown, but tighter credit conditions and slower hiring are seen reducing the chances of another Federal Reserve interest rate rise in March. While data on Friday supported the Fed's view that the labor market is near full strength,...

  • European stocks end lower after weak US jobs number Friday, 5 Feb 2016 | 12:02 PM ET
    U.S. factory worker

    European markets finished lower on Friday after the latest U.S. jobs data showed a slowdown in employment in January.

  • Feb 5- LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities, RBC Capital Markets and Suntrust Robinson also...

  • *Chinese tourists spent up to $1 bln in Moscow in 2015. Shoppers from China accounted for 7 percent of the group's sales in 2015 and while the country's economy is slowing sharply, at least it is still growing unlike Russia's which is shrinking. Chinese visitors have become a more frequent sight in central Moscow, some carrying bright orange shopping bags from...

  • France cracks down on food waste by supermarkets Friday, 5 Feb 2016 | 11:35 AM ET

    PARIS— French supermarkets will be forbidden from destroying unsold food and encouraged to donate to charities or farms instead as part of a national campaign against food waste. The senate approved the bill this week, following a lower house vote last year. Big supermarket chains must donate goods no longer fit for sale to charities or farms for use as animal...