European shares accelerated losses to close lower as investors digested events in Ukraine and considered the likelihood of more monetary easing from the European Central Bank.» Read More
*Polish PM Tusk favorite to take helm of European Council. WARSAW, Aug 28- If Polish Premier Donald Tusk becomes, as tipped, President of the European Council, it would mark Poland's arrival at the top table of EU policymaking, but could drag his ruling Civic Platform party to defeat at next year's domestic elections.
*EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favorite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.
*Telefonica wins out with higher bid than Telecom Italia. PARIS, Aug 28- French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Vivendi's decision deals a blow to Telecom Italia.
LONDON, Aug 28- Copper prices fell on Thursday, under pressure from escalating tensions in Ukraine and worse-than-expected euro zone economic sentiment, while falls in aluminum prices were kept in check by tightening availability of near-term supplies.
GENEVA/ LAGOS Aug 28- The Ebola epidemic in West Africa could infect more than 20,000 people, the U.N. health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.
BERLIN— Germany has put a specialized aircraft and a network of laser measuring stations on stand-by in case Iceland's Bardarbunga volcano erupts. Germany's transportation minister, Alexander Dobrindt, said Thursday that the laser measuring stations can detect ash concentration up to an altitude of 12 kilometers.
BERLIN, Aug 28- After ramming austerity medicine down the throats of smaller euro zone countries for the past four years, Germany is showing clemency towards its closest ally, France.
PARIS/ MILAN, Aug 28- French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia.
*Supply rises by 90,000 bpd, led by Libya, Angola. LONDON, Aug 28- OPEC's oil production has risen in August from July, a Reuters survey found on Thursday, as a recovery in Libyan supply held up and Angola and Iran boosted supplies, outweighing a further decline in Iraq.
FRANKFURT, Aug 28- The Ukraine crisis and its impact on relations between Russia and the West is crimping German growth and could lead to a rise in manufacturing sector insolvencies in the second half of this year, credit insurer Euler Hermes said on Thursday.
LONDON, Aug 28- European shares took a sharp tumble on Thursday as accusations by Ukraine that Russia had moved troops across the border brought a three-day global rally in risk assets to a shuddering halt. Ukrainian President Petro Poroshenko said Russian forces had entered Ukraine, and he convened his security and defense council to decide how to respond.
*Ukraine president says Russian troops have crossed border. LONDON, Aug 28- German Bund yields hit a record low after Ukraine accused Russia of moving troops across the countries' border, while lower-rated euro zone bond yields rose after above-forecast inflation readings tempered expectations of imminent ECB easing.
Several left-leaning critics were sent packing in a Cabinet shakeup that sent a message to international investors, European allies and millions of French: France is willing to embrace more free market policies and often unpopular reforms to tackle double-digit unemployment and zero economic growth.
LONDON, Aug 28- Aluminum prices edged higher on Thursday amid tightening availability of near-term supplies, but activity on metals markets was thin after tension rose in Ukraine and European economic sentiment slid.
LONDON, Aug 28- Emerging stocks retreated from three-year highs on Thursday, with Moscow- listed shares falling the most as reports of Russian military incursions into Ukraine dented hopes for a resolution to the crisis. The MSCI emerging equities index was down 0.4 percent, while debt insurance costs for Russia and Ukraine both rose to multi-week highs.
BRUSSELS— Don't be fooled by Angela Merkel. "If you look at the family picture of these European summits for the past few years, there always is this blot of grey men in lookalike suits and the color of only a few women," said European political science Professor Hendrik Vos of Ghent University.
*EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favourite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.
*Telefonica makes higher bid than Telecom Italia. PARIS/ MILAN, Aug 28- The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.
MADRID— French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised its offer to 7.45 billion euros from 6.7 billion euros.
LONDON, Aug 28- The euro clung to modest gains and a rally in Europe's share and bond markets cooled on Thursday as investors put bets on possible fresh ECB stimulus next week on hold ahead of German inflation data.