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
*Banks take 82.6 billion euros of cheap credit from ECB. FRANKFURT, Sept 18- The European Central Bank handed out the first of its new four-year loans to banks on Thursday, the flagship tool in a new stimulus package it hopes will stave off price deflation and revive the ailing euro zone economy.
BRUSSELS— The European Union's highest court says airlines are allowed to charge passengers an extra fee for checking in luggage. Luggage surcharges coming on top of cheap airfares are common with Europe's burgeoning budget airlines such as Ryanair and Easyjet.
The alliance of major companies including Nestle and Google aims to create tens of thousands additional jobs— or apprenticeships and internships that lead to jobs— over the next several years.
SEOUL, South Korea— A consortium led by Hyundai Motor Co. offered more than $10 billion for land in Seoul's tony Gangnam district where it will build a new headquarters.
The entire United Kingdom will find out just how hard if Scotland chooses independence in Thursday's vote. The issues range from whether Scotland will use the pound as its currency to how much U.K. debt it should take on to how the military will be split up— and the results will affect all of the U.K.' s 64 million people, not just the 5.3 million in Scotland.
DALLAS- Federal Reserve Bank of Dallas President Richard Fisher moderates panel, "Perspectives on the Fed's Role in International Crises" before a conference hosted by the Federal Reserve Bank of Dallas- 2100 GMT.
*Sulzer worth $4.6 bln, Dresser-Rand worth $5.6 bln. Sept 17- Swiss pump maker Sulzer said on Wednesday it is in talks on a potential combination with U.S. compressor and turbine maker Dresser-Rand, a deal that would create a machinery company with a combined market valuation exceeding $10 billion.
CHICAGO, Sept 17- Chicago Board of Trade soybeans and wheat firmed slightly on Wednesday as bargain hunters stepped into the market to provide a boost to commodities that were trending near four-year lows, traders said. "The new crop is going to overwhelm the balance tables," Matt Zeller, director of market information at INTL FCStone, said in a note to clients.
*Smiths Group falls after slump in operating profit. LONDON, Sept 17- European equities advanced in cautious trading on Wednesday on expectations that the U.S. Britain's blue-chip FTSE 100 index closed down 0.2 percent, against a 0.4 percent gain for the FTSEurofirst 300 index of top European shares to 1,385.09 points.
Germany auctioned 3.34 billion euros Wednesday in two-year notes at an average yield of minus 0.07 percent. Expectation the European Central Bank will buy bonds has also driven down yields, which move opposite to prices. The European Central Bank has slashed its interest rate benchmarks in an attempt to spur growth and lift inflation.
PARIS, Sept 17- Thousands of French "notaires" held what they said were their first-ever street protests in Paris and Marseille on Wednesday to challenge plans by President Francois Hollande to deregulate their activities.
*OPEC meets on Nov. 27 to set policy. DUBAI/ LONDON, Sept 17- OPEC may not need to cut its oil output target at a meeting in November, a Gulf OPEC delegate and other OPEC sources said on Wednesday, as strengthening demand in coming winter months should support oil prices that have fallen below $100 a barrel.
MONACO, Sept 17- Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Hamilton Re, a new Bermuda- based reinsurer, hopes that heavy data-crunching technology will give it an advantage over rivals and boost its bottom line.
*Smiths Group falls after slump in operating profit. LONDON, Sept 17- European equities advanced in cautious trading on Wednesday on expectations that the U.S. Britain's blue-chip FTSE 100 index was down 0.1 percent, against a 0.5 percent gain for the FTSEurofirst 300 index of top European shares to 1,386.31 points by 1405 GMT.
Sept 17- Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis& Bockius.
South Africa's richest man Johann Rupert has a track record of leading Swiss-based Richemont through difficult times and his comeback at the company's annual general meeting in Geneva provided some comfort for investors.
The Federal Reserve has asked Credit Suisse to address problems relating to the bank's underwriting and sale of leveraged loans.
LONDON, Sept 17- Roche Chief Executive Severin Schwan likes to crack open the champagne with his drug research teams at the end of a big project- especially when they fail.
Barcelona was awarded 5 million euro as top finisher. Four others were awarded 1 million euros each: the metropolitan area of Kirklees, England, and the cities of Stockholm; Warsaw, Poland; and Athens, Greece.
groaned Stephanie Leon, parking a palm on her forehead in distress as she walked into Charles de Gaulle airport and saw the departures board: Her Air France flight to the Dominican Republic had been cancelled.