Peter Dixon, senior economist at Commerzbank Securities, discusses the latest euro zone flash composite PMI data and says it shows "significant regional differences".» Read More
MOSCOW— Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.
*Lafarge confirms 2014 targets, says forex hit to lessen. PARIS, July 25- Cement maker Lafarge said on Friday it was well on track for its planned merger with Swiss peer Holcim and was seeing the first signs of recovery in Europe. Lafarge shares rose after the group said it was confident of completing its deal with Holcim in the first half of 2015..
*BSkyB shares fall 3 pct. LONDON/ PARIS, July 25- Britain's BSkyB has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.
LONDON, July 25- Weak German economic data and a slump in the shares of luxury goods group LVMH weighed on European stock markets on Friday. I think the European stock markets will drift slightly lower, "said Darren Courtney-Cook, head of trading at Central Markets Investment Management.
PARIS, July 25- Poor weather was the most likely cause of the crash of an Air Algerie flight over the West African state of Mali with 116 people on board, French officials said on Friday.
PARIS, July 25- Investigators have concluded the Air Algerie flight with 116 people on board broke apart when it hit the ground, French officials said on Friday, suggesting this meant it was unlikely to have been the victim of an attack.
*Lafarge confirms 2014 targets, says forex hit to lessen. PARIS, July 25- Cement maker Lafarge, which is preparing to merge with Swiss peer Holcim, stuck to its full-year targets on Friday and said it was seeing the first signs of recovery in Europe.
MILAN/ LONDON, July 24- PSA Peugeot Citroen and Fiat Chrysler denied a Financial Times report on Thursday that the companies were preparing a merger to create the world's fifth-largest carmaker.
LONDON/ BRUSSELS, July 24- The European Union's proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom's huge South Stream gas pipeline project to Europe and Novatek's Arctic Yamal liquefied natural gas facility.
BRUSSELS, July 24- The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.
PARIS— French luxury powerhouse Hermes has named Nadege Vanhee-Cybulski as their new womenswear designer. The low-profile, 36- year-old French designer will replace Christophe Lemaire, whose departure was announced earlier this week and who will take his final bow in October.
PARIS, July 24- A 1.1 billion euro guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty of helping wealthy French customers avoid tax, the French prosecutor's office said on Thursday.
LONDON, July 24- Britain's leading fraud prosecutor on Thursday charged a British subsidiary of French engineering group Alstom with three offences of corruption and three offences of conspiracy to corrupt after a five-year investigation.
*EU patience with Russia running out. BRUSSELS, July 24- The European Union would target state-owned Russian banks and their ability to finance Moscow's faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.
ALGIERS, Algeria— An Air Algerie flight carrying 116 people from Burkina Faso to Algeria's capital disappeared from radar early Thursday over northern Mali during a rainstorm, officials said.
MOSCOW, July 24- Most of Vladimir Paley's clients want him to dig up their family history with one goal in mind: making a case to obtain foreign citizenship and leave Russia.
*Hong Kong rents facing first fall in a decade- CBRE. Hong Kong shop store rents stood at around HK $4,331 per square foot in the first quarter- about 25 percent higher than those in New York and almost triple similar rents in Paris, the world's second and third most expensive cities for retailers respectively, according to property services firm CBRE.
HAMBURG/ FRANKFURT, July 23- Hamburg has told Uber, a U.S. car service whose smartphone app summons rides at the touch of a button, to stop operating in the German city, adding to resistance the company has faced globally from local regulators and taxi drivers.
*Europe has 2 million bpd excess oil refining capacity. LONDON, July 23- Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices.
MOSCOW, July 23- A group of shareholders in Yukos expect a ruling on Monday in a $100- billion claim against Moscow for expropriating the defunct Russian oil company that was controlled by Mikhail Khodorkovsky, once Russia's richest man.