Saudi Arabia, the world's largest crude exporter, could phase out the use of fossil fuels by the middle of this century. The Financial Times reports.» Read More
European shares closed flat on Tuesday as shares of Deutsche Bank weighed heavily on Germany's DAX Index after rumors that the German financial sector regulator had asked it to simulate a split of investment banking and retail operations.
Europe's Airbus posted a 43 percent drop in orders and surrendered its crown as the world's largest planemaker to Boeing last year, but predicted improvements in both orders and deliveries for 2013 as airlines seek to reduce fuel costs.
European shares ended higher on Tuesday, as investors bet that U.S. Democrats and Republicans will reach a deal to avoid a "fiscal cliff" of year-end austerity measures.
European shares finished in positive territory Thursday as the ECB and the Bank of England kept interest rates unchanged.
Futures turned slightly lower Thursday, despite a better-than-expected jobless claims report, as worries over the "fiscal cliff" lingered.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.
TOKYO, Oct 13- British finance minister George Osborne on Saturday blamed an effective German veto for the failure of a $45 billion merger between British defence firm BAE.
*Chemring profit warning contributed to delay- source. has been granted more time by the UK Takeover Panel to hammer out a deal to buy Chemring Group Plc, which makes defence equipment such as flares and explosive device detectors. Carlyle now has until Nov. 9 to either bid for Chemring or walk away.
EADS boss Tom Enders has been accused of being "naive" for misunderstanding the nature of Berlin's political structure and failing to approach Germany directly over the group's proposed merger with BAE Systems.
*U.S. said in September it had removed subsidies to Boeing. BRUSSELS, Oct 11- The European Union accused the United States on Thursday of ignoring a World Trade Organisation ruling to stop subsidies to planemaker Boeing Co and asked the Geneva- based body to investigate, prolonging the world's largest trade dispute.
BRUSSELS, Oct 11- The European Union accused the United States on Thursday of ignoring a World Trade Organisation instruction to stop subsidising planemaker Boeing and asked the WTO to investigate, prolonging the world's biggest trade dispute.
PARIS, Oct 11- An Air France-KLM flight from Paris to New York was forced to turn back to Charles de Gaulle airport due to a "minor technical problem" with the plane's windshield, a spokesman for the airline said on Thursday. The 261 passengers on flight AF010 landed safely and are due to fly out again at 10 p.m. on another Airbus.
By Chris Vellacott and Sinead Cruise. LONDON, Oct 11- BAE Systems moved to patch up damaged relations with its investors on Thursday, promising imminent meetings to discuss its strategy after the failure of its attempted merger with EADS, shareholders told Reuters.
By Chris Vellacott and Sinead Cruise. LONDON, Oct 11- BAE Systems moved to patch up damaged relations with its investors on Thursday, promising imminent meetings to discuss its strategy after the failure of its attempted merger with EADS, shareholders told Reuters on Thursday.
Oct 11- U.S. carrier Alaska Airlines said on Thursday it will buy 50 737 single-aisle jetliners, worth $5 billion at list prices, from Boeing Co in its largest order yet. The order includes 37 of Boeing's upcoming 737 MAX, the new-engine variant of the popular 737 that offers better fuel efficiency.
ROME, Oct 11- Finmeccanica must act quickly to seize opportunities arising from the collapse of the merger between defence groups BAE Systems and EADS, Italy's defence minister said on Thursday.
PARIS, Oct 11- The board of EADS renewed its confidence in Chief Executive Tom Enders a day after the collapse of merger talks with BAE Systems and encouraged him to continue his leadership of the company, an EADS spokesman said. "The board expressed strong support for Tom Enders and his team and encouraged him to continue on his track," the spokesman said on Thursday.
Oct 11-:* Cheuvreux rates BAE Systems outperform. *Cheuvreux rates eads selected list. Reuters Station users, click. 1580.
Oct 11- European Aeronautic Defence and Space Company EADS NV:. *UBS cuts EADS price target to 37 euros from 39 euros; rating buy. Reuters Station users, click. 1580.