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  • Sydney, Australia

    CNBC's Robert Frank reports the latest on where millionaires are migrating to.

  • FRANKFURT/ PARIS, Feb 21- PSA Group told German Chancellor Angela Merkel and top labour representatives that it would uphold Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of job losses are likely eventually. As part of a sweeping charm offensive of the political and automotive establishment...

  • FRANKFURT/ PARIS, Feb 21- PSA Group told German Chancellor Angela Merkel and top labor representatives that it would uphold Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of job losses are likely eventually. As part of a sweeping charm offensive of the political and automotive establishment in...

  • People walk past an HSBC branch on June 9, 2015 in Rio de Janeiro, Brazil. HSBC plans to eliminate 50,000 jobs from its global workforce while selling off its operations in Brazil and Turkey.

    Europe stocks end higher after strong euro zone data; banks weigh as HSBC sinks 6.6%

  • BERLIN— Chancellor Angela Merkel has called the chief executive of PSA Group, the maker of Peugeot and Citroen cars, to discuss its potential takeover of General Motors' German subsidiary. Merkel's spokesman said PSA boss Carlos Tavares told her Tuesday that the Opel unit would remain independent within the group. Opel employs 19,000 people in Germany out of a...

  • ROME— From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices due to jump by as much as 20 percent. The combination of bad weather and pests hit the harvest in Southern Europe, most of all in Italy, where production is halved from last fall. That's pushing up Italian wholesale prices...

  • Germany's stocks should be a safe haven within the euro zone amidst forthcoming political uncertainty, according to JPMorgan strategists.

  • *PSA CEO met with Opel labour chiefs, union reps on Monday. FRANKFURT/ PARIS, Feb 21- PSA Group has pledged to respect existing Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of jobs are eventually likely to go for the deal to work. General Motors has pledged not to impose forced redundancies on some of...

  • *PSA CEO met with Opel labor chiefs, union reps on Monday. FRANKFURT/ PARIS, Feb 21- PSA Group has pledged to respect existing Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of jobs are eventually likely to go for the deal to work. General Motors has pledged not to impose forced redundancies on some of...

  • PARIS/ SINGAPORE, Feb 21- Chicago soybean futures edged higher on Tuesday after a two-session slide, with heavy rain in major exporter Argentina bringing weather risks back into focus. Gains were limited by overall expectations for large soybean harvests in Argentina and Brazil, as well as a sharp rise in the dollar that makes U.S. grains more expensive overseas.

  • PARIS— Tourism to Paris is showing signs of a revival after a yearlong slump attributed to deadly extremist attacks, violent labor protests, strikes and floods. The biggest drop came in demand for Paris hotels from Chinese, Japanese, Russian and Italian tourists, according to 2016 figures released Tuesday by the Paris regional tourism committee.

  • Either Macron or Fillon will win, says CEO

    Two of the French presidential candidates are seen as market-friendly: Francois Fillon and Emmanuel Macron. LVMH CEO Bernard Arnault gives his view on the election.

  • HONG KONG/ LONDON, Feb 21- Annual profit at HSBC Holdings slumped 62 percent and fell far short of analysts' estimates as Europe's largest bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 percent after the company reported revenues fell by a fifth from 2015, underscoring the challenge the bank...

  • *Opel labour reps: PSA to keep Opel as independent company. FRANKFURT, Feb 21- PSA Group will respect existing Opel and Vauxhall labour agreements if it buys the European arm of General Motors, PSA and Opel workers' representatives said in a joint statement on Tuesday. PSA, the maker of Peugeot and Citroen cars, and GM said last week they were in talks over the sale of...

  • *Opel labor reps: PSA to keep Opel as independent company. FRANKFURT, Feb 21- PSA Group will respect existing Opel and Vauxhall labor agreements if it buys the European arm of General Motors, PSA and Opel workers' representatives said in a joint statement on Tuesday. PSA, the maker of Peugeot and Citroen cars, and GM said last week they were in talks over the sale of Opel...

  • PARIS, Feb 21- PSA Group will honour existing agreements and job guarantees in place at all Opel sites if its proposed acquisition of General Motors' European division goes through, the French carmaker said on Tuesday after talks with German unions. PSA boss Carlos Tavares met Opel's German unions and gave a "commitment to respect the existing agreements in all...

  • PARIS, Feb 21- PSA Group will honor existing agreements and job guarantees in place at all Opel sites if its proposed acquisition of General Motors' European division goes through, the French carmaker said on Tuesday after talks with German unions. PSA boss Carlos Tavares met Opel's German unions and gave a "commitment to respect the existing agreements in all...

  • Far-right Marine Le Pen cannot, will not and must not win the election – and the French are not crazy enough to let her, says Moscovici.

  • *Singapore is main regional oil trading hub. Monday's announcement that a carbon tax on direct emitters is to be introduced from 2019 shows that Singapore, Asia's main oil trading hub, could be moving towards a longer-term future dominated by cleaner technology and resources. "It is the first time in the history of Singapore that a budget has placed such a high...

  • HSBC shares slid more than 6 percent after the company reported revenues fell by a fifth from 2015, underscoring the challenge it faces to boost returns amid low global interest rates and slowing economic growth in its core markets of Britain and China. Europe's biggest bank by assets generated profit before tax of $7.1 billion in 2016 compared to $18.87...