The shift by the world's largest coffee chain comes after its low tax contributions in Britain provoked widespread criticism.» Read More
AMSTERDAM— Royal KPN NV, the Dutch telecommunications company partly owned by Mexican billionaire Carlos Slim, nearly slumped to a first-quarter loss following a slide in its mobile services business and a shrinking market for business customers in the Netherlands.
The new company would be registered in the Netherlands and tax resident in the UK. Wren added that if the UK and the Netherlands did not approve the structure, the whole deal was at risk since "there is no Plan B", though Publicis said on Thursday it was confident the deal would still proceed.
*Syria due to hand over all chemicals by Sunday. Syria became a member of the Organisation for the Prohibition of Chemical Weapons last year as part of a deal with Russia and the United States to destroy its chemical weapons programme.
AMSTERDAM, April 24- The European Central Bank could embark on a broad-based asset buying plan if the euro zone inflation outlook worsens, ECB President Mario Draghi said, adding that a rise in the euro could also trigger policy action. The euro fell to $1.3815 after the release of Draghi's comments from around $1.3835 beforehand.
LONDON, April 24- Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. European bourses started brightly, with the FTSE 100 up 0.5 percent and the DAX, the CAC 40 and markets in Madrid and Milan between 0.7 and 0.9 percent firmer.
AMSTERDAM— Unilever PLC, the maker of consumer products such as Dove soaps and Ben& Jerry's ice cream, said Thursday that the stronger euro dented its revenues in the first quarter of the year. It noted modest improvements in Europe and a big 6.6 percent rise in emerging markets.
AMSTERDAM— Heineken NV says it has returned to growth in its crucial Western Europe market in the first quarter, after a long period of stagnation. Net profit was 143 million euros, against 227 million euros a year ago. Heineken said that like-for-like sales in Western Europe, where it is the largest brewer, were up 1.8 percent to 1.51 billion euros.
WASHINGTON— Commerce Department releases durable goods for March, 8:30 a.m. Eastern time. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..
AMSTERDAM— Amsterdam has won court permission to ban marijuana cafes in its famous Red Light district, stepping up a crackdown on the city's freewheeling lifestyle. Coffee shop owners argued that laws were being selectively enforced against them.
LONDON— Four centuries after his death, William Shakespeare is probably Britain's best-known export, his words and characters famous around the world. Some suspect it's impossible, and Amnesty International has weighed in to point out the "dark irony" of taking a play about power and regicide and to authoritarian North Korea.
LONDON, April 23- The Australian dollar sank almost one percent in value on Wednesday after a lower than expected rise in consumer prices appeared to reduce the chances of higher official interest rates this year.
SINGAPORE, April 23- The Australian dollar slid on Wednesday after data showed that Australian consumer prices rose less than expected in the first quarter, lessening the risk of a rise in domestic interest rates this year. Other major currencies were subdued, with the euro edging up 0.1 percent to around $1.3817, while the dollar eased 0.1 percent to 102.55 yen.
NEW YORK— Amsterdam wants to create an online game to get unemployed young people engaged in finding jobs across Europe. The cities are among 21 finalists vying for millions of euros in a new government-innovation contest devised by former New York Mayor Michael Bloomberg, his foundation announced Wednesday.
LONDON- Bank of England will release the minutes of April Monetary Policy Committee meeting- 0830 GMT. HELSINKI- Finnish Prime Minister Jyrki Katainen, Finance Minister Jutta Urpilainen and The Finns Party leader Timo Soini participate in a election debate- 1300 GMT.
*Chlorine not declared by Syria to chemical weapons watchdog. BEIRUT, April 22- Chlorine gas attacks in Syria this month, if proven, expose a major loophole in an international deal to remove chemical weapons from the war-torn country and suggest chemical warfare could persist after the removal operation has finished.
AMSTERDAM— Unilever PLC, the producer of countless disposable containers that clutter the landfills of the world, says it is adopting technology that will cut the amount of plastic it needs to use in each bottle by 15 percent.
LONDON, April 22- The euro hovered near a two-week low against the dollar on Tuesday and fell to a two-month low against the British pound, as expectations the ECB will try to halt any further strengthening kept investors away from the single currency.
LONDON, April 22- The euro hovered near a two-week low against the dollar on Tuesday and fell against the yen, as expectations the ECB will try to halt any further strengthening kept investors away from the single currency. European Central Bank President Mario Draghi is scheduled to give a keynote speech in Amsterdam on Thursday.
LONDON, April 22- M&A talk in the pharmaceutical sector lifted European shares on Tuesday, but failed to support the euro, which held at a two week low against the dollar on rising expectations of further policy easing by the European Central Bank.
TOKYO— President Barack Obama's travels through Asia in coming days aim to reassure partners about the renewed U.S. commitment to the region, with an eye both to China's rising assertiveness and the fast-growing markets that are the center of gravity for global growth.