European shares closed higher on Thursday after an announcement from the European Central Bank on how it will make key decisions in the future.» Read More
WASHINGTON— Having spent political capital fighting climate change at home, President Barack Obama will turn his sights overseas next week, urging fellow heads of state to be as ambitious as possible as they negotiate a make-or-break global treaty to be finalized in Paris next year.
SINGAPORE/ HONG KONG, Sept 19- Nomura Holdings Inc and co-lenders spent nine months poring over the books, sizing up management and even checking out the factory floor at China's Ultrasonic AG before deciding in August to give the Frankfurt- listed shoemaker a $60 million unsecured credit facility.
Saying he was acting at the request of Iraqi authorities, Hollande's pledge of airstrikes sought to position France at the forefront of international efforts to combat Islamic extremism.
ZURICH, Sept 18- Switzerland's central bank vowed to vigorously defend a three-year-old cap on the Swiss franc which has come under pressure from a recent appreciation of the currency, but it stopped short of announcing concrete new measures for now.
*Sulzer gains on mergers& acquisitions news. LONDON, Sept 18- European equities closed higher on Thursday, with a key index climbing to a two-week high after the U.S. Britain's FTSE rose 0.6 percent, Germany's DAX index gained 1.4 percent and France's CAC 40 rose 0.8 percent.
LONDON, Sept 18- Irish cement maker CRH is exploring a bid for all the assets rivals Lafarge and Holcim must sell to steer their mega-merger past competition watchdogs, two sources familiar with the matter told Reuters. Bain, Onex and another limited partner form the fourth consortium, the sources said.
PARIS— Moderate Syrian rebels, once they are made battle-ready by a U.S.-led coalition, may be asked to help restore the border between Syria and Iraq that Islamic State group militants have effectively wiped out, the top American military official said Thursday.
MONACO, Sept 18- Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not be enough to save those that lack either global reach or specialised focus.
*Group includes Bouygues, Renault, Alstom and Nexans.
*Sulzer gains on mergers& acquisitions news. LONDON, Sept 18- European equities advanced on Thursday, with a key index climbing to a two-week high after the U.S. Britain's FTSE was up 0.5 percent, Germany's DAX index gained 1.2 percent and France's CAC 40 rose 0.7 percent.
FRANKFURT, Sept 18- The European Central Bank saw far less demand than expected on Thursday for its new four-year loans to banks, raising doubts about a stimulus package it hopes will stave off deflation and revive the euro zone economy.
*West says Iran cooperation with IAEA needed for nuclear deal. The United States and the European Union said they were concerned about the slow headway so far in the U.N. atomic agency's long-running inquiry into allegations that Iran has worked on designing a nuclear weapon.
BRUSSELS— The media conglomerate controlled by Rupert Murdoch is joining the fray in Google's protracted European antitrust case, saying the technology company unfairly distorts competition.
We're finding money in places we didn't even know existed, " Danny Roderick, chief executive of Toshiba- owned nuclear reactor maker Westinghouse, told Reuters at a nuclear industry conference last week in London.
JERUSALEM/ RAMALLAH, West Bank, Sept 18- Most Palestinians have known only two leaders: Yasser Arafat, the stubble-chinned firebrand fond of chequered scarves and olive fatigues, and Mahmoud Abbas, a smooth-shaven father figure who favours Western suits and ties.
*Sulzer gains on mergers& acquisitions news. However UK shares slightly underperformed as the voting got underway in Scotland's referendum on independence, keeping investors on edge ahead of the result on Friday. Britain's FTSE was up 0.4 percent, Germany's DAX index gained 1 percent and France's CAC 40 rose 0.6 percent.
BERLIN— German pharmaceuticals and chemicals company Bayer AG said Thursday it plans to spin off its polymer division with a separate stock listing. Bayer Material Sciences, or BMS, would have sales of 11.3 billion euros based on 2013 figures, and have a global workforce of about 16,800 employees, said Chief Executive Marijn Dekkers.
*Supply risks rise with Libyan setback, OPEC talk. Threats to supply as Libya's output fell and talk of OPEC production cuts limited the decline for global benchmark Brent, which hit a 26- month low on Monday after data showing a slowdown in China's factory output raised demand concerns.
CLEVELAND— The Port of Cleveland will soon have a second freighter traversing the Atlantic Ocean. Despite financial losses on its freighter to Europe, the Cleveland- Cuyahoga County Port Authority has reached an agreement with its Dutch partner to add a second ship to the trans-Atlantic service.
FRANKFURT, Germany— The European Central Bank has launched a new stimulus program aimed at getting banks to lend more— but low demand for the first round of its super-cheap loans suggests the difficulty the ECB faces in reviving the economy.