×

Europe News London

  • KEEPING SCORE: Japan's benchmark Nikkei 225 index climbed 0.5 percent to 20,047.73 but South Korea's Kospi index slipped 0.3 percent to 2,432.25. Hong Kong's Hang Seng index added 0.2 percent to 26,894.21 and the Shanghai Composite index in mainland China slipped 0.1 percent to 3,239.62. ANALYST VIEW: "The market expects a near-zero probability of a rate hike...

  • TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. **FRANKFURT- The European Central Bank releases monthly data on lending and money supply- 0800 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session before a Woodbury...

  • TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. **FRANKFURT- The European Central Bank releases monthly data on lending and money supply- 0800 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session before a Woodbury...

  • NEW YORK, July 25- A set of strong U.S. earnings reports lifted the S&P 500 stock index to a record closing high on Tuesday, while oil prices rallied on Saudi Arabia's pledge to cut exports in August and copper hit a two-year high. The dollar edged up after hitting its lowest level since June 2016 as the Federal Reserve began a two-day policy meeting.

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • NEW YORK, July 25- A set of strong U.S. earnings reports sent the S&P 500 stock index to a record high on Tuesday, while oil prices rallied 3 percent on Saudi Arabia's pledge to cut exports in August and copper hit a two-year high. The dollar edged up after hitting its lowest level since June 2016 as the Federal Reserve began a two-day policy meeting.

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday, the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • Shares in the London- listed miner closed 8.5 percent lower at 169 pence, having had more than two-thirds wiped of their value since a ban on the export of gold and copper concentrates was imposed in Tanzania on March 3. Acacia, the biggest gold miner in Tanzania, received a notice from Tanzania on Monday for $190 billion unpaid taxes dating back over 10 years.

  • BRUSSELS, July 25- The International Monetary Fund said on Tuesday that it foresaw only a modest increase in transaction costs if clearing and other financial activities are moved from the City of London to the European Union after Brexit. Clearing of euro-denominated securities is dominated by London, but it could be relocated to the EU when Britain leaves...

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. London, July 25- Oil rose around 3 percent on Tuesday, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *Lowers FY EPS forecast to $7.00- $7.30 from $7.20- $7.60. President Donald Trump made a last-ditch plea on Monday to U.S. Senate Republicans to "do the right thing" and fulfill campaign promises to repeal and replace Obamacare. The Senate will vote on Tuesday on whether to open debate on an overhaul of the law.

  • *Dollar index sits near lowest since June 2016. NEW YORK, July 25- A set of strong U.S. earnings reports sent the S&P 500 stock index to a record high on Tuesday, while the dollar held at its lowest since June 2016 ahead of a two-day Federal Reserve policy meeting. Oil prices rose more than 2 percent, extended their recovery on a pledge by top OPEC producer Saudi Arabia to...

  • *Greece set to exit third bailout next year. LONDON/ ATHENS July 25- Greece successfully sold debt to private investors for the first time in three years on Tuesday, making a significant first step towards financial independence when its third international bailout ends next year. The deal came a month after euro zone finance ministers signed off on a new loan and...

  • MILAN/ PARIS, July 24- France's Vivendi has tightened its grip on Telecom Italia by removing its CEO Flavio Cattaneo and paving the way for a joint venture between its own pay-TV Canal+ and the Italian group, in a boost to the French firm's ambitions to become a southern European media powerhouse. Telecom Italia said late on Monday after a board meeting that...

  • *Spain/ German bond yield gap tightest since March 2015. LONDON, July 25- After months of fretting about the impact on euro governments' relative debt costs when the European Central Bank eventually runs down its bond-buying programme, the expected quake never happened as the "taper talk" began. That's its lowest since March 2015-- when the ECB began buying up bonds to...

  • *Dollar index hits lowest level since June 2016. NEW YORK, July 25- The dollar fell to its lowest level since June 2016 against a basket of major currencies on Tuesday as investors grew wary of the short-term U.S. economic outlook ahead of a meeting by the Federal Reserve and got more bullish on the euro zone. The euro rose to a high of $1.1711, matching its high from Aug....

  • McDonald's and Caterpillar were among the big companies reporting healthier-than-forecast earnings. Higher prices for oil, metals and other commodities helped to lift energy and raw-materials companies, while tech stocks took a rare turn lagging the rest of the market after results for Seagate Technology and others in the industry fell short of...

  • *Greece set to exit third bailout next year. LONDON/ ATHENS July 25- Greece sold debt to private investors for the first time in three years on Tuesday, a significant step towards gaining financial independence and exiting its third international bailout next year. Athens says Tuesday's sale of a new five-year bond is a test run to ensure Greece can rely on market...

  • OSLO/ LONDON, July 25- Norwegian Air, the fast-growing budget airline trying to crack the transatlantic market by undercutting established rivals, faces mounting pressure to control costs and shore up its balance sheet to weather fierce competition. Its shares have dropped 38 percent in 2017 bucking the industry trend and, according to Norway's Financial...

  • "Instead of having their European equity and fixed income exposure to include the UK, they are saying can you please ringfence UK exposure," Bowers told reporters on Tuesday. Bowers expects the UK economy and sterling to stay under pressure in the next couple of years due to the "opportunity cost" of Brexit, although UK stocks tend to benefit from currency weakness.