Europe News London

  • NEW YORK/ LONDON, Aug 26- Gold pared gains on Friday, while the dollar turned up and U.S. stocks fell, as investors struggled to decipher the timing of a U.S. interest rate increase following comments by Federal Reserve Chair Janet Yellen and other officials. Spot gold rallied 1.5 percent to $1,341.60 an ounce and the U.S. dollar index fell 0.6 percent after Yellen...

  • *Yellen, Fischer comments on rate hike hit Wall Street. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The Fed served notice that a rate hike is still a...

  • NEW YORK, Aug 26- Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent crude futures settled at $49.92, up 25 cents or 0.5 percent. U.S. crude ended the session 31 cents higher at $47.64.

  • *Yellen, Fischer comments on rate hike hit Wall Street gains. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The dollar's reaction was almost...

  • NEW YORK, Aug 26- Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent crude futures fell 9 cents to $49.58 a barrel, a 0.2 percent loss, by 1:29 p.m. EST. U.S. crude rose 5 cents, or 0.1 percent, to $47.38.

  • *STOXX Europe 600 index up 0.5 pct. MILAN, Aug 26 (Reuters)- European shares rose on Friday after Federal Reserve chair Janet Yellen gave no firm indication about when the Federal Reserve might raise interest rates, encouraging markets after hawkish comments from Fed policymakers last week. "Markets had been half-expecting some hawkish noises around a possible...

  • *Wall St gains as Yellen says rate-hike case strengthens. NEW YORK, Aug 26- U.S. equities gave up early gains on Friday, hurt by a surging U.S. dollar after Federal Reserve Chair Janet Yellen said that the case for raising U.S. interest rates has strengthened in recent months. "The dollar's reaction was almost instantaneous- it rallied pretty quickly off her hawkish...

  • NEW YORK, Aug 26- Oil prices were modestly higher on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent futures for October delivery rose 2 cents to $49.69 a barrel by 11:42 a.m. EDT. U.S. crude rose 20 cents to $47.53 per barrel, a 0.4 percent gain.

  • *U.S. dollar falls, Wall Street rises. NEW YORK/ LONDON, Aug 26- Gold extended gains above 1 percent on Friday, breaking a five-day streak lower after Federal Reserve Chair Janet Yellen said the case for raising U.S. interest rates has strengthened, although increases should be gradual. "After the initial Yellen headlined-induced stumble, gold has rallied...

  • LONDON— Billionaire entrepreneur Richard Branson said Friday he thought he was going to die after flying head first off his bicycle in the British Virgin Islands. The Virgin Group boss hit a hump in the road on Virgin Gorda, one of the islands in the Caribbean, catapulting him into the road. Branson was training for September's Virgin Strive Challenge, an event in...

  • NEW YORK, Aug 26- Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities. Federal Reserve Chair Janet Yellen's comments at an international gathering of central bankers in Jackson Hole. Brent crude futures rose 66 cents to $50.33 a barrel by 10:36 a.m. EDT.

  • MILAN, Aug 26- European shares rose after Federal Reserve Chair Janet Yellen said the case for raising U.S. interest rates had strengthened thanks to improvements in the labour market and expectations for moderate economic growth. "Markets had been half-expecting some hawkish noises around a possible September rate hike but it looks like the Fed chair is...

  • *Adidas, Just Eat among stocks at record highs. LONDON, Aug 25- European equities have defied the gloom and doom predicted after Britain voted to leave the European Union, and record-high gains by stocks like Adidas and Just Eat suggest investors are looking for growth anywhere they can find it. Among them are Swiss company Geberit, whose hi-tech toilets have...

  • LONDON, Aug 26- Banks, insurers, asset managers and exchanges in Britain are waiting to see to whether post-Brexit trading terms will give them access to the European Union market. The key challenge is how to secure enough access to the single market so that financial firms in Britain won't have to move some or all of their operations to the EU.

  • LONDON, Aug 26- Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels politics. In the aftermath of Britain's vote to leave the EU, legal experts said banks, insurers and asset managers in London using...

  • Surging arrivals at LME sheds in Singapore and South Korea have broadly corresponded to export flows out of China. And in part this is no more than a continuation of the stocks rebalancing that has been playing out for several months, a refilling of a depleted LME system from high inventories in China that accumulated earlier this year. If no-one is being forced...

  • BERLIN, Aug 26- Germany's domestic economy is set fair for further growth, with robust household and government spending propelling a self-reinforcing cycle of activity, though Britain's Brexit vote has unnerved German companies trading abroad. Data and surveys released this week showed domestic demand cementing its role as the main driver of Europe's...

  • *MSCI All-Country World index hits lowest since Aug. 9. LONDON, Aug 26- Global shares slipped to a two-week low and the dollar edged down on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates. The MSCI All-Country World index was down 0.1 percent by 1041 GMT, after...

  • BRUSSELS— The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce— equivalent to thousands of jobs— once it completes its huge takeover of its closest rival, SABMiller. The company headquartered in Leuven, Belgium, has about 150,000 workers while the London- based SABMiller claims to have around 70,000.. It expects losses at...

  • *Inner Mongolia to shutter about 2.9 mln T of steel capacity. LONDON, Aug 26- Zinc hit its highest levels in 15 months on Friday as bearish speculators scrambled to close out positions, though some investors doubted that the hefty gains were entirely justified. LME zinc rallied to its highest since May 2015 at $2,327.50 a tonne before retreating to $2,321 by 1000...