GO
Loading...

Europe

More

  • Azeri oil fund to help finance TANAP gas pipeline Tuesday, 6 Nov 2012 | 2:57 PM ET

    BAKU, Nov 6- Azerbaijan's $33- billion state oil fund is to help finance the $8 billion Trans-Anatolian natural gas pipeline project to take Azeri gas to Turkey and to markets in Europe, the head of the fund said on Tuesday. Turkey has a 20 percent stake in TANAP, while Azerbaijan's state oil company SOCAR holds 80 percent.

  • BRUSSELS, Nov 6- Ratings agency Moody's cut ArcelorMittal's long-term debt to junk status, saying the steelmaker's debt-cutting efforts had been modest and its market would likely get worse before it got better. Moody's downgraded the world's largest steelmaker's senior unsecured notes to Baa3 from Ba1 on Tuesday and maintained a negative outlook.

  • LONDON, Nov 6- British microprocessing firm Imagination Technologies is to buy the operating business of MIPS Technologies for $60 million in a bid to step up its challenge to an increasingly dominant ARM Holdings.

  • UPDATE 5-Oil up above $109 as U.S. votes Tuesday, 6 Nov 2012 | 2:44 PM ET

    *Greece funding deal unlikely next week- source. LONDON, Nov 6- Brent crude rose above $109 per barrel on Tuesday, tracking a rise in equity markets, while uncertainty over the U.S. election outcome and worries about euro zone crisis remained in focus.

  • BRUSSELS, Nov 6- A Hungarian law forcing judges to retire earlier violates EU law and must be repealed, the highest EU court has ruled, condemning a flagship reform of Prime Minister Viktor Orban's that Brussels sees as a sign of creeping authoritarianism.

  • FRANKFURT, Nov 5- When the European Parliament turned Yves Mersch down for a top central banking post, it wasn't because he lacked the expertise or experience; they rejected him because he is a man. Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank's all-male board anyway.

  • PARIS, Nov 6- France will offer tax credits from 2013 that should permanently ease companies' labour costs by 6 percent a year, in a tougher-than-expected response to business heads' demands for measures to reverse industrial decline.

  • PARIS, Nov 6- France is to grant 20 billion euros in annual tax credits to companies as a way of lowering labour costs, in a tougher-than-expected response to calls from business heads to reverse decades of industrial decline.

  • NEW YORK, Nov 6- U.S. stock index futures pointed to a higher open on Tuesday, putting the S&P 500 on track for a second straight advance as Americans went to the polls to elect the country's president.

  • *Anger, resignation on streets of Athens. The strike, called by Greece's two biggest labour unions representing half of the four million-strong workforce, brought public transport to a virtual standstill and shuttered schools, banks and local government offices.

  • LONDON- The fourth quarter has so far brought no improvement in the fortunes of most of Europe's economies, which now risk shrinking more than previously expected, gloomy data shows. ( EUROPE- ECONOMY/, moved, by Andy Bruce, 640 words).

  • BUSINESS-NEWS-SCHEDULE AT 1330 GMT / 08.30 AM ET Tuesday, 6 Nov 2012 | 1:52 PM ET

    LONDON- The fourth quarter has so far brought no improvement in the fortunes of most of Europe's economies, which now risk shrinking more than previously expected, gloomy data shows. ( EUROPE- ECONOMY/, moved, by Andy Bruce, 640 words).

  • *China spot copper demand still sluggish. Worries about a fiscal cliff in the U.S., an upcoming leadership transition in China and Greece's strike over a new austerity package also kept sentiment in check. Federal Reserve, the promise of bond buying by the European Central Bank and stimulus measures in Japan and China.

  • SAO PAULO, Nov 6- Brazilian car dealerships cut their 2012 sales forecast in half on Tuesday as short-term tax incentives boosted demand less than was expected in the world's fourth-largest auto market.

  • LONDON, Nov 6- Natural gas will struggle beyond niche applications in U.S. transport despite a widening discount to rival fuels, given a shortfall in distribution compared with gasoline, biofuels and electric vehicles. Shale gas production has up-ended power generation, under-cutting the economics of older coal plants and new nuclear.

  • NEW YORK, Nov 6- U.S. stock index futures edged higher on Tuesday, indicating the S&P 500 would advance for a second consecutive session with voters set to elect the country's president.

  • *Robusta hits lowest level since March, Vietnam crop weighs. LONDON, Nov 6- Robusta coffee futures on Liffe fell to an eight-month low on Tuesday with the market weighed by the prospect of a large harvest in Vietnam while ICE arabica coffee turned higher after setting a 4-1/ 2 month low during the prior session.

  • World needs $700 bln in power grid upgrades Tuesday, 6 Nov 2012 | 1:00 PM ET

    *France plans to invest some 15 bln euros by 2020.

  • LISBON, Nov 6- Portugal will take many years to fully reduce its budget deficit, its finance minister acknowledged on Tuesday, adding that the IMF and World Bank were close to concluding an evaluation of further spending cuts.

  • *NYSE Euronext costs fall $82 mln year-to-date. NYSE Euronext said on Tuesday it smashed its 2012 cost cut target of $63 million by taking out $82 million of expenses, a third of the $250 million the exchange has pledged to cut by 2014..