European shares opened flat on Friday as investors await key speeches by central bank heads with the anticipation that monetary policy will remain supportive in the near term.» Read More
JACKSON HOLE, Wyo, Aug 22- European Central Bank chief Mario Draghi is confident that stimulus steps announced in June, helped by a weaker euro, will boost demand in the ailing euro zone economy, but stressed on Friday that the central bank stands ready to do more.
FRANKFURT, Germany— European Central Bank head Mario Draghi said Friday the bank is ready to do more to boost the shaky recovery in the 18 countries that use the euro— but warns governments must join in efforts to reduce stubbornly high unemployment.
*European shares wobble as Russia convey enters Ukraine. NEW YORK, Aug 22- The high-flying dollar moved higher again on Friday after Federal Reserve Chair Janet Yellen said the worrisome U.S. labor markets requires policymakers to move cautiously when eyeing interest rate hikes. Tensions over Ukraine increased and blunted a European stocks run-up, and U.S.
GENEVA/ WASHINGTON, Aug 22- A World Trade Organization dispute panel ruled against Argentina on Friday in a 2012 case brought by the United States, European Union and Japan against Argentine import licensing rules used to restrict imports.
GENEVA- CHINA APPEALS AGAINST WTO DISPUTE PANEL REPORT ON ANTI-DUMPING DUTIES APPLIED ON CERTAIN CHINESE PRODUCTS BY U.S.- WTO.
BERLIN— Germany is suing a Swiss bank to reclaim millions of euros that once belonged to communist East Germany. BvS, an agency tasked with recovering and managing the communist-era funds, says it asked Zurich's regional court last week to force Bank Julius Baer to return 135 million euros.
SINGAPORE/ ZURICH Aug 22- Royal Bank of Scotland plc might split its international private bank into separate European and Asian divisions to attract Asian buyers who have the financial muscle for a deal but are reluctant to take on European client risk.
BERLIN— The European Space Agency says two satellites for its new global navigation system have been lifted into orbit aboard a modified Soyuz rocket. Friday's launch from Kourou, French Guiana, had been delayed by a day due to bad weather. Once the two satellites are fully deployed, ESA will have six of the 30 planned satellites in orbit for its Galileo system.
WASHINGTON— The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. By contrast, the European Central Bank is considering more stimulus. This year, central banks in Mexico, Sweden and South Korea, among others, have lowered rates.
*European shares wobble as Russia convey goes into Ukraine. LONDON, Aug 22- The high-flying dollar steadied on Friday as markets waited for steers on U.S. monetary policy, while escalating tensions over Ukraine halted a strong run-up by European stocks.
BERLIN— Germany is seeking to calm a diplomatic spat with Qatar after the Gulf nation took umbrage at a German official's claim that it is funding the extremist Islamic State group. Gerd Mueller told public broadcaster ZDF that "the key word is Qatar."
FRANKFURT, Aug 22- German venture capital firm Rocket Internet and Zalando, Europe's biggest fashion retailer, are each on the brink of announcing plans to list on the Frankfurt stock exchange, several sources with knowledge of the matter said.
*Berlin fears response from Putin if eastern rebels crushed. BERLIN/ KIEV, Aug 21- After months of ratcheting up pressure on Vladimir Putin, concern is mounting in Berlin and other European capitals that an emboldened Ukraine's military successes in the east are reducing the chances of a face-saving way out of the crisis for the Russian leader.
SINGAPORE, Aug 22- Asian feed grain importers expect an influx of cheap feed wheat from Ukraine and France as heavy rain in Europe damages the quality of crops, leaving them fit for only animal consumption.
BERLIN, Aug 22- The German economy's surprise second-quarter contraction was probably due to Russian sanctions and confidence being eroded by the Ukraine crisis as well as the comparison with a bumper first quarter, the finance ministry said on Friday.
BERLIN— SoundCloud said Thursday that it will start paying artists and record companies whose music is played on the popular streaming site, a move that will bring it in line with competitors such as YouTube and Spotify. "This is something we've been wanting to get to ever since we started the company," SoundCloud founder Alexander Ljung told The Associated Press.
Aug 21- When is the best time to book a trip to Walt Disney World? During a Twitter discussion on Aug. 19 hosted by Reuters, a panel of experts fielded questions about travel. The panel comprised Brian Kelly, who runs ThePointsGuy.com; Tim Winship, editor and publisher of FrequentFlier.com, and Jason Cochran, editor of Frommers.com.
French exports exceed those of Britain and Lithuania on the world market, but a wet summer has meant France is set to produce more wheat for animal feed and less higher grade bread-making grain this year.
*E.ON in talks to buy LNG from Mozambique, Israel, Peru, Tanzania. MILAN/ LONDON, Aug 21- Germany is providing multi-billion-euro financial guarantees to help its biggest utility E.ON strike long-term gas import deals, a source with direct knowledge of the matter said, as the country seeks to reduce its dependence on Russian supply.
*U.S.- Russia ties soured by Ukraine crisis. MOSCOW, Russia, Aug 21- Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.