Western Europe


  • DIARY - Top Economic Events to Aug 15 Friday, 1 Aug 2014 | 8:00 PM ET

    WASHINGTON- Swedish Finance Minister Anders Borg holds a press conference from the U.S.-Africa Leaders Summit in Washington- 1100 GMT. ATHENS- European Commission President Jean-Claude Juncker visits Athens and meets Greek Prime Minister Antonis Samaras- 0800 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting.

  • NEW YORK, Aug 1- Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in U.S. labor markets. U.S. stock trading was dogged by worries about Argentina's debt problems.

  • *Corn posts sixth straight weekly loss. "Weather forecasts continue to trend more and more beneficial as we enter the key soy development month," said Matt Zeller, director of market information at INTL FCStone said in a note to clients.

  • KIEV, Aug 1- Ukrainian President Petro Poroshenko said on Friday the military conflict with pro-Russian separatists in the east of the country must not be allowed to hold up economic reforms.

  • Business events scheduled for the coming week Friday, 1 Aug 2014 | 1:46 PM ET

    WASHINGTON— Commerce Department releases factory orders for June, 10 a.m.; Institute for Supply Management releases its service sector index for July, 10 a.m.. BERLIN— Germany's Economy Ministry releases June industrial orders figures for Europe's biggest economy.

  • PARIS, Aug 1- For all the surprise that has greeted French telecom group Iliad's bid for T-Mobile US, there is one thing a procession of broadband and mobile firms have learnt in recent years: don't underestimate Xaviel Niel.

  • NEW YORK, Aug 1- Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in U.S. labor markets. Confusion over Federal Reserve policy and ongoing tensions in Ukraine and Gaza were blamed for the U.S. sell-off.

  • Europe shares extend sell-off; BES tumbles again Friday, 1 Aug 2014 | 12:40 PM ET

    PARIS, Aug 1- European stocks sank in huge volumes on Friday for the third straight session, with a broad index hitting a 3-1/ 2 month low, hurt by concerns over losses at Banco Espirito Santo as well as tension between Russia and the West.

  • PARIS, Aug 1- Shares in French nuclear power group Areva closed 20 percent lower on Friday, the worst fall since the company was formed in 2001, as it posted a first-half loss, exited a thermal solar power business and cut sales targets.

  • *Sanctions restrict Sberbank's access to EU capital markets. MOSCOW, Aug 1- Russia's top lender, Sberbank, faces rising borrowing costs and a squeeze on its margins after being included in the latest European Union sanctions over the Ukraine crisis.

  • NEW YORK, Aug 1- World stock markets traded lower on Friday following the previous session's Wall Street sell-off, while the dollar dipped after U.S. jobs data eased investors' worries Federal Reserve policymakers were tilting toward raising interest rates.

  • *Comment comes after India derails global trade talks over food security objections. NEW DELHI/ GENEVA, Aug 1- India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday.

  • Yahoo takes copyright law to top German court Friday, 1 Aug 2014 | 10:45 AM ET

    BERLIN— Yahoo says it has filed a complaint to Germany's highest court against a year-old law that broadened copyright protection for news material used on the Internet. The law aims to protect the copyright of news articles and other material on the Internet, but allows the use of "single words or small text passages" without royalties.

  • *Game Digital re-emerges after old firm nearly went bust. Although overall growth trends still firmly favor online shopping, higher share prices flag investor faith in chains such as UK video-game retailer Game Digital, electrical-appliance group Dixons, and Swiss Mobilezone.

  • *Iliad bid $15 bln for 56.6 pct of T-Mobile US at $33/ share. PARIS/ FRANKFURT, Aug 1- Telecoms group Iliad has lined up BNP Paribas and HSBC to finance its bid for T-Mobile US, people familiar with the matter said, as it pursues a deal that could overturn expectations of industry consolidation in both the United States and France.

  • MOSCOW, Aug 1- Officials from Russia, Ukraine and the European Union will discuss gas supplies on Sept. 12, the Interfax news agency quoted Russia's EU envoy, Vladimir Chizhov, as saying on Friday, but EU authorities said they knew nothing about the meeting.

  • MOSCOW, Aug 1- Ministers from Russia, Ukraine and the European Union will meet to discuss gas provision on Sept. 12, Interfax news agency quoted Russia's EU envoy, Vladimir Chizhov, as saying on Friday.

  • Appeal keeps French rogue trader Kerviel in jail Friday, 1 Aug 2014 | 6:46 AM ET

    PARIS— A Frenchman convicted of one of history's biggest trading frauds was accorded a conditional release from prison— only to have freedom denied with a quick appeal by the prosecutor's office.

  • PARIS, Aug 1- Shares of French nuclear group Areva fell as much as 23 percent as it posted a first-half loss, exited the solar business and cut sales targets in a struggling nuclear industry.

  • Greenpeace ship Arctic Sunrise released by Russia Friday, 1 Aug 2014 | 6:25 AM ET

    MOSCOW— Greenpeace International says a ship held by Russian authorities for nearly a year has been released and is on its way back to the Netherlands. The Amsterdam- based environmental group said Friday the Arctic Sunrise departed the northern Russian port city of Murmansk and was headed to Amsterdam.