The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank is paying "great attention" to euro zone inflation.» Read More
PARIS, June 19- A feeling in France that the European Union no longer works in its interest is fueling tensions between Paris and Brussels and adding pressure on President Francois Hollande to be more assertive in Europe.
June 18- Netflix Inc will launch its TV and movie streaming service in The Netherlands later this year, expanding its reach further into Europe, the company said on Tuesday.
June 19- Algeria is investigating the head of its state power and gas utility, Sonelgaz, over contracts involving U.S. conglomerate General Electric Co and France's Alstom SA, sources told Reuters and Algerian local media reported. "The case is about inflating costs in deals with U.S. firm General Electric and French firm Alstom," one of the sources said.
Hong Kong's central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.
June 18- Britain's Vodafone Group Plc has raised its preliminary offer to buy Germany's largest cable operator, Kabel Deutschland Holding AG, a day after U.S. media group Liberty Global Plc made a rival bid, Bloomberg reported on Tuesday, citing people familiar with the bid.
The thought of any high-pressure ridge- the market is very sensitive to that right now, after what happened last year, "said Sterling Smith, futures specialist with Citigroup in Chicago, alluding to the historic Midwest drought that slashed corn yields in 2012. Soybeans ended mixed, with back months gaining against the nearby July contract, and wheat firmed on bargain-buying following recent declines.
*Putin defiant, weighs arms sales to Syria. *Obama, Putin spar over Syria. ENNISKILLEN, Northern Ireland, June 18- Russia's Vladimir Putin derailed Barack Obama's efforts to win backing for the downfall of Syrian leader Bashar al-Assad at a G8 summit on Tuesday, warning the West that arms supplied to the rebels could be used for attacks on European soil.
PARIS, June 18- An order for more than 100 Airbus passenger jets by UK low-cost carrier easyJet has re-ignited a long-running trade spat between the European planemaker and U.S. rival Boeing.
*Brent crude rises to hover around $106. NEW YORK, June 18- U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing to economic improvement.
*Russian supplies to northern Europe fall most because of China. MOSCOW, June 18- Russia is steeply ramping up oil deliveries to China, with Asia now importing almost a fifth of oil exports from the world's largest crude producer in a strategic shift meant by the Kremlin to end reliance on weak and saturated European markets.
NEW YORK-- Suntech Power Holdings Co., one of the world's biggest solar panel manufacturers, said Tuesday that authorities in Switzerland have granted its main European subsidiary more time to restructure its debts. The China- based company said it received a six-month moratorium on creditor claims.
*Liberty Global continues M&A spree in Europe. LONDON, June 18- Vodafone faces a battle for Germany's largest cable company, Kabel Deutschland, although rival bidder Liberty Global of the United States has bigger regulatory and funding hurdles to overcome.
*Putin defiant after talks, considers arms sales to Syria. *Obama, Putin spar over Syria. President Barack Obama, said the Kremlin might sell more arms to Syria.
*Brent crude rises above $106 before trimming gains. NEW YORK, June 18- U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing to economic improvement.
*Wheat firm on rain delays but world supplies cap gains. At the Chicago Board of Trade at 11:05 a.m. CDT, July soybeans were up 8-1/ 2 cents at $15.21 per bushel. The contract extended its premium over new-crop November soybeans, which rose 4 cents to $12.89- 1/ 2. Some soy processors in Iowa raised their cash bids for soybeans by 15 to 20 cents per bushel on Tuesday.
MONACO, June 18- Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
LONDON, June 18- European equities steadied on Tuesday, with investors unwilling to take large bets until there is clarity on the strength of the domestic economy and on how soon the U.S. Mixed European data offered only limited support, with the keenly watched ZEW index pointing to improved economic sentiment in Germany but worsening current conditions.
*Obama, Putin disagreed over Syria. Isolated at the G8, Russia's Vladimir Putin had clashed with other leaders over the conflict and resisted their attempts to get him to agree to anything that would imply Assad should step down or that Russia should tone down its support for Assad.
Figures on Tuesday from the Association of European Carmakers showed Germany, France and Italy, accounting for about half of the embattled region's sales, suffered declines at or near double-digit percentage levels.
*Boeing increased 737 production rates 60 percent. Ray Conner, CEO of Boeing's commercial airplane division, asked at the Paris Air Show on Monday. Relatively low production- Boeing and Airbus produce about 1,200 jets a year- often does not justify the big investments required.