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  • 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...

  • *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...

  • London's bid to win exemption from the European Union goal of "ever closer union," preserve its financial sector from regulation by the euro zone and curb access to in-work benefits for EU migrant workers won backing from Poland as the meeting of national negotiators- or sherpas- began in Brussels. The powerful leader of Warsaw's new ruling party, Jaroslaw...

  • PARIS, Feb 5- France's Vinci is looking at opportunities to grow in concessions in Latin America and in oil and gas and infrastructures in Iran, as it further expands abroad to counter weak growth at home, its chief executive said on Friday. Vinci was also looking to grow all its businesses in America, notably motorway concessions in Brazil, Colombia and Mexico, and...

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • PARIS— Protesting chauffeurs have moved to Paris' city center after having disrupted access to the Charles de Gaulle airport for a few hours, amid tensions between traditional taxis and app-based car services as the government loosens regulations in the evolving sector. Taxi drivers and chauffeurs pelted each other with projectiles overnight at the Porte...

  • Business events scheduled for the coming week Thursday, 4 Feb 2016 | 1:39 PM ET

    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.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases...

  • *European Commission has proposed further reforms. *European Commission demanding answers from Volkswagen. They came close to securing a rare veto in the European parliament of a policy that had the backing of the EU's member state governments and, more grudgingly, the executive European Commission.

  • *France, Italy, Spain, Portugal at odds with EU commitments. BRUSSELS, Feb 4- Almost half of euro zone countries are facing a clash over EU deficit reduction rules unless they change policies, European Commission forecasts showed, posing a challenge to EU laws that set limits on spending to protect the value of the euro. Governments also argue that they need to spend...

  • PARIS/ SYDNEY, Feb 4- U.S. corn and soybeans edged higher on Thursday with support from a falling dollar, but favourable weather for South American crops helped keep prices shy of six-week highs hit this week. Trading was also subdued as investors awaited direction from weekly U.S. export sales and estimates of grain stocks in Canada, another leading grain...

  • Morocco unveils massive solar plant Thursday, 4 Feb 2016 | 7:34 AM ET

    OUARZAZATE, Morocco— Morocco's King Mohammed VI unveiled one of the world's biggest solar plants Thursday, taking advantage of the Sahara sunshine and a growing global push for renewable energy. It said Morocco was chosen for the project in part because of its political stability, and because the government created a solar energy agency and introduced...

  • *Airlines set for battle to serve Iran market. PARIS/ DUBAI, Feb 4- An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers. By ordering dozens of long-distance European jets last month after the lifting of sanctions, Iran is positioning Tehran...

  • *Safran, GE plan to build 2,000 LEAP engines a year by 2020. VILLAROCHE, France, Feb 3- Airplane orders may be slowing this year, but jet engine makers are ramping up production with a large chunk of the industry's profits riding on the flawless operation of a high-tech factory in the French countryside. Their CFM International joint-venture controls three...

  • FRANKFURT, Feb 3- Mergers in the wind power industry are expected to pick up markedly now the sector has reached a stage where growth not crisis is the driver behind consolidation, executives at turbine maker Nordex said. Wind turbine makers have weathered years of overcapacity and losses and are now thriving on growth in demand in Europe and the United States,...

  • PARIS— About 300 French chauffeurs are staging a counter-protest after repeated demonstrations by taxi drivers against looser industry regulations. The drivers blocked roads in central Paris at midday, saying they are victims of discrimination by the government. Tensions have mounted between taxis and car services like Uber throughout Europe, with taxis...

  • BRUSSELS, Feb 3- European lawmakers on Wednesday backed a compromise deal to reduce car emissions that will still allow vehicles to exceed official pollution limits, defying calls for more radical reform following Volkswagen's emissions-test cheating scandal. The European Commission, the EU executive, had already begun trying to close a known gap between...

  • *China soy demand seen slowing in Lunar New Year break. PARIS/ SINGAPORE, Feb 3- Chicago corn and soybeans traded little changed on Wednesday as favourable crop weather in South America capped prices after a rally to six-week highs fuelled by short-covering by investment funds. The most active Chicago Board of Trade corn contract edged 0.1 percent lower to...

  • UPDATE 2-Swatch's sales and profits hit by strong franc Wednesday, 3 Feb 2016 | 2:39 AM ET

    *2015 net profit falls 21 pct to 1.12 bln Sfr, lags poll avg. ZURICH, Feb 3- Swiss watchmaker Swatch Group reported a worse than expected 21 percent drop in net profit to 1.12 billion Swiss francs on a drop in sales on Wednesday, blaming strong exchange rates, but forecast a pick-up in sales in 2016.. Swatch proposed an unchanged dividend of 7.50 francs per bearer share...

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...