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Europe News Europe

  • BERLIN, May 29- India is keen to attract more German companies to invest and improve bilateral relations, Indian Prime Minister Narendra Modi said ahead of a two-day visit to Europe's leading economic power that begins on Monday. Modi's arrival comes a day after German Chancellor Angela Merkel shocked many in Washington and London by saying Europe must take...

  • *Bucharest stock index reaches highest level since Jan 2008. BUDAPEST/ BUCHAREST, May 29- Bucharest stocks touched a new nine-year high on Monday, buoyed by healthy first-quarter company earnings, despite concerns that wage hikes and tax cuts will exacerbate Romania's budget deficit. The debate about the bill, "its implementation, timing and the budget impact,...

  • *Europe and China seen leading, U.S. underperforming. PARIS, May 29- Global sales of personal luxury goods will grow by a stronger- than-expected 2-4 percent at constant exchange rates in 2017, as higher spending in Europe and China outpace weakness in the United States and southeast Asia, a report showed on Monday. The luxury goods sector has suffered in the past...

  • Pedestrians walk past a Louis Vuitton luxury goods store, operated by LVMH Moet Hennessy Louis Vuitton SA, in Paris, France.

    The luxury goods market shrank in 2016, marking its first year of negative growth since 2009, according to consultancy Bain & Company.

  • German Chancellor Angela Merkel and U.S. President Donald Trump arrive for the group photo at the G7 Taormina summit on the island of Sicily on May 26, 2017 in Taormina, Italy.

    Better to keep a sharp focus on domestic economic policies than the noise of a grand tour of capitals and a leadership meeting of the world's top economies, Michael Ivanovitch writes.

  • LONDON— Travelers on British Airways and its sister airlines in Spain faced a third day of delays and cancellations Monday, mainly on short-haul flights in Europe, after the company suffered a colossal IT failure over the weekend. BA chief executive Alex Cruz said that the airline was running a "near-full operation" at London's Gatwick Airport and planned to...

  • LONDON, May 29- Lower-rated southern European government bond prices fell on Monday after German Chancellor Angela Merkel warned of worsening relations between Europe and some of its allies, in particular the United States and Britain. Merkel said on Sunday that Europe could no longer completely rely on some nations, pointing to bruising meetings of the G7...

  • *Spot gold may climb to $1,276 per ounce- technicals. On Friday, it climbed 0.9 percent to touch its strongest since May 1 at $1,269.50. Spot gold may climb to $1,276 per ounce, as it has broken above a resistance at $1,264, said Reuters technical analyst Wang Tao.

  • LONDON, May 29- Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday, and was down almost 2 cents last week as polls showed...

  • LONDON, May 29- Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday, and was down almost 2 cents last week as polls showed...

  • LONDON, May 29- Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday, and was down almost 2 cents last week as polls showed...

  • LONDON, May 29- Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday, and was down almost 2 cents last week as polls showed...

  • PARIS, May 29- French officials are having serious talks with financial institutions looking to leave London as Britain prepares to quit the European Union, ECB Governing Council member Francois Villeroy de Galhau said on Monday. "We are having discrete but numerous and serious contacts," Villeroy, who is also head of the French central bank and financial sector...

  • PARIS, May 29- The European Union needs to set simple rules on bank capital to complete its banking union under a sole EU-wide sector supervisor, ECB Governing Board member Francois Villeroy de Galhau said on Monday. Speaking in Paris in his role as head of the ACPR French financial sector regulator, Villeroy said the EU also needed better coordination between...

  • TOKYO, May 29- Japanese government bond prices slipped on Monday as traders made room for an auction of two-year JGBs the following day, with market showing limited reaction to North Korea's firing of a short-range missile. Buyers were cautious as the Ministry of Finance will auction 2.2 trillion yen of two-year bonds on Tuesday. Trade volume was 11,085, the...

  • WASHINGTON— President Donald Trump has reopened his Twitter spigot now that his foreign trip is over, so brace yourself. A look at some of the assertions under scrutiny in recent days, before Trump flew home and raged about "fake news" leaks from the White House. TRUMP: "I will tell you, a big difference over the last year, money is actually starting to pour into NATO from...

  • *Deal to extend OPEC- led production cut failed to impress market. SINGAPORE, May 29- Oil prices dipped on Monday as a relentless rise in U.S. drilling undermined an OPEC- led push to tighten supply. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed last week to extend a pledge to cut production by around 1.8 million barrels per...

  • VERSAILLES, France— On a trip likely to shape Russia- France ties for years, Russian President Vladimir Putin was visiting France on Monday for talks with newly-elected French President Emmanuel Macron after backing his rivals in the presidential vote. During his G-7 news conference on Saturday, Macron promised to have a "demanding dialogue" with Russia,...

  • Despite a successful high-tech industry, Israel suffers from high poverty levels and inequality.

  • *Investors shrug off North Korea's latest missile launch. TOKYO, May 29- The dollar edged higher against a basket of currencies on Monday, moving away from last week's 6-1/ 2- month lows and shrugging off news of North Korea's latest missile test as investor attention turned to the Federal Reserve's expected interest rate hike next month. San Francisco Federal...