European shares slipped to close marginally lower on Tuesday, as investors monitored events in eastern Ukraine and reacted to economic data from the region.» Read More
GENEVA— The United States' competitiveness among global economies has risen to the No. 3 spot behind Switzerland and Singapore in rankings published annually by the World Economic Forum. Six European countries dominated the top 10: Switzerland, Finland, Germany, the Netherlands, the United Kingdom and Sweden.
GENEVA, Sept 3- The European Union is becoming more competitive but Switzerland, Singapore and the United States are the three economies to beat, an annual survey by the World Economic Forum said on Wednesday. The United States muscled into third place ahead of Finland and Germany, while Japan leapfrogged Hong Kong and the Netherlands to take sixth spot.
*Weak factory data in China, Europe stoke oil demand fears. NEW YORK, Sept 2- Brent crude oil futures fell to the lowest level in 16 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pushed U.S. prices to a seven-month low.
Wheat futures, which rose to a three-week high last Thursday on short-covering tied to escalating Ukraine- Russia tensions, reversed course and notched their largest two-session decline since Aug. 13.
KIELCE, Poland, Sept 2- Airbus Group is interested in setting up joint ventures to support the Polish defence industry but has downplayed the question of Warsaw taking a direct shareholding in the European aerospace group.
NEW YORK— American airline passengers, squeezed into tighter and tighter spaces, appear to be rebelling, taking their frustrations out on other fliers. "Seats are getting closer together," says Sara Nelson, president of the Association of Flight Attendants, which represents 60,000 flight attendants at 19 airlines.
BERNE, Sept 2- Switzerland is not doing enough to rid itself of ill-gotten funds, despite loosening its banking secrecy, and should now beef up its law against money laundering, an global corruption watchdog said on Tuesday.
*Weak factory data in China, Europe stoke oil demand fears. NEW YORK, Sept 2- Brent crude oil futures fell to the lowest level in 15 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pressured U.S. prices.
PARIS— Finance officials from Greece have started talks in Paris with the country's rescue creditors, and are hoping to ease emergency taxes that have helped fuel recession.
GENEVA— Advocacy group Transparency International is criticizing Swiss law as too soft on financial corruption.
The Rhode Island Airport Corp. announced Tuesday that Germany- based Condor Airlines will begin offering two round-trip flights per week to Frankfurt, starting in June. "This new international service will give Rhode Island travelers a direct, affordable connection to Frankfurt and Europe.
Dollar General sweetens Family Dollar bid, may go hostile. Dollar General Corp raises its bid for Family Dollar Stores Inc to $9.1 billion, and warns it may turn hostile and appeal directly to shareholders if the new offer is rejected.
Ukraine might need billions in additional support if the fighting between the military and the separatists in the country's east persists through next year, the International Monetary Fund warned Tuesday.
In its ruling, the Frankfurt Regional Court said the company could no longer offer its phone apps to connect drivers with passengers, stating that Uber's network of drivers lacked the necessary commercial licenses to pick up passengers.
*Weak factory data in China, Europe stoke oil demand fears. LONDON, Sept 2- Brent crude fell below $102 a barrel on Tuesday, pressured by worries about slowing oil demand growth in China and Europe, a strong U.S. dollar and ample supplies.
FRANKFURT, Sept 2- Expectations for further policy action at the European Central Bank's meeting on Thursday are running high after ECB President Mario Draghi pledged to use all available tools to keep prices in check.
*Weak factory data in China, Europe stoke oil demand fears. London, Sept 2- Brent crude dipped below $102 a barrel on Tuesday, pressured by worries about slowing oil demand growth in China and Europe, a strong U.S. dollar and ample supplies.
The move adds to an exodus of Renault-Nissan executives under alliance CEO Carlos Ghosn, which began last year with Renault second-in-command Carlos Tavares. Nissan's Infiniti division has since lost its CEO Johan de Nysschen as well as Europe chief Fintan Knight, an Audi and Lamborghini veteran.
VIENNA, Sept 2- Austrian Chancellor Werner Faymann took a tougher line on Russia's role in Ukraine on Tuesday, blasting Moscow's "deception and salami tactics" in the conflict and saying Austria was prepared to pay the price of tougher sanctions.
BERLIN— A court has barred ridesharing service Uber from operating in Germany, the latest shot in the popular app's fight with taxi drivers worldwide. Frankfurt state court spokesman Arne Hasse said Tuesday the decision that Uber can't offer its services without a specific permit under German transport laws applies nationwide.