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Tires and Rubber

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  • *Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. Tensions between the West and Russia and the advance of Sunni militants in Iraq have alarmed investors already weighing the implications of weak European economic data and the prospect of U.S. monetary tightening.

  • *Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. London- listed oil producer Afren said it had suspended output at its Barda Rash oilfield, the first to shut in Iraqi Kurdistan.

  • European shares weaken on concerns over Iraq Friday, 8 Aug 2014 | 8:00 AM ET

    *Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. President Barack Obama authorized air strikes in Iraq.

  • *Afren sinks after suspends output from Kurdistan. *Nokian Renkaat hit by plummeting sales in Russia. *Monte dei Paschi falls after results.

  • PARIS, Aug 1- European stocks fell on Friday for the third straight session in brisk trade, with a broad index hitting a 3-1/ 2 month low as tension between Russia and the West as well as concerns around losses at Banco Espirito Santo gnawed at sentiment.

  • Continental 'outgrowing its market': CFO     Thursday, 31 Jul 2014 | 4:30 AM ET

    Wolfgang Schaefer, CFO at Continental AG, comments on the company's results and outlook, and discusses the impact the strong euro has had on the group's profitability.

  • July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported lower-than-expected quarterly revenue as it sold fewer tires to vehicle makers in North America and Latin America. Goodyear shares fell as much as 8.8 percent $25.22, their biggest intraday percentage decline in nearly two years.

  • July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported lower-than-expected quarterly revenue as it sold fewer tires to automakers in North America and Latin America. Total replacement tire shipments, however, rose 6 percent, Goodyear said. Excluding items, Goodyear earned 80 cents per share.

  • Goodyear Tire profit up 18 pct Wednesday, 30 Jul 2014 | 8:41 AM ET

    July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported a higher quarterly profit on increased demand for replacement tires. Net income available to the company's shareholders increased about 18 percent to $213 million, or 76 cents per share, in the second quarter ended June 30, from $181 million, or 67 cents per share, a year earlier.

  • Strong euro has consequences for Michelin: CEO     Tuesday, 29 Jul 2014 | 4:10 AM ET

    Jean-Dominique Sénard, CEO of Michelin, comments on the group's Russian operations and says Europe needs to be more competitive to deal with moves in the euro currency.

  • PARIS, July 29- French tyre maker Michelin's first-half net profit rose 13 percent to 624 million euros despite a fall in revenue as lower raw material costs outweighed adverse currency effects, price cuts and slowing demand for big tyres.

  • *Shares in Russia- exposed firms slip on Ukraine crisis. LONDON, May 23- Russia, which once promised rich pickings for European firms highly exposed to the country, now looks more like a liability for them as the economy struggles and investors worry the Ukraine crisis is set to fester.

  • DETROIT, May 22- Toyota Motor Corp said on Thursday it is recalling 466,000 minivans and cars globally, mostly in the United States, for possible faulty brakes and loss of a spare tire. Toyota said it was not aware of any accidents, injuries or fatalities related to the issue.

  • Increased imports by India would buoy international prices, which have fallen around a quarter this year on concerns over economic growth in China and on plans by world No.1 rubber producer Thailand to sell 200,000 tonnes from its state stockpiles.

  • EXCLUSIVE-TPG prepares American Tire for IPO -sources Tuesday, 13 May 2014 | 3:49 PM ET

    It may also evaluate an outright sale of American Tire to another company in a so-called dual track process, some of the people said.

  • *Alstom up on German support for Siemens tie-up. LONDON, May 12- European stocks inched higher on Monday, with France's Alstom rallying after Germany said it would support a takeover by Siemens, but tensions in Ukraine are likely to limit the market's strength.

  • European shares inch higher early; Ukraine eyed Monday, 12 May 2014 | 3:14 AM ET

    PARIS, May 12- European shares rose in early trade on Monday, with France's Alstom rallying after Germany said it would support a tie-up with Siemens.

  • ECB to hold course as euro strength challenges recovery Wednesday, 7 May 2014 | 6:05 PM ET

    FRANKFURT, May 8- The European Central Bank is expected to take heart from signs of life in the euro zone economy and keep interest rates on hold on Thursday, resisting pressure to act in the face of a stronger euro and persistently low inflation.

  • Portugal powers past weaker European equities Tuesday, 6 May 2014 | 12:54 PM ET

    *Credit Suisse cuts Germany to "benchmark" vs "overweight". Credit Suisse equity strategists on Tuesday cut their rating on Germany to "benchmark" from "overweight", highlighting the risk that German exporters could be hurt by a Chinese economic slowdown.

  • Portuguese bourse outperforms weaker European equities Tuesday, 6 May 2014 | 10:23 AM ET

    *Credit Suisse cuts Germany to "benchmark" vs "overweight". Credit Suisse equity strategists on Tuesday cut their rating on Germany to "benchmark" from "overweight", highlighting the risk that German exporters could be hurt by a Chinese economic slowdown.