Europe News London

More

  • Gold has been on the rise as the precious metal benefited from its perception among investors as a safe haven. Banks have been at the forefront of the selling pressure in Europe in recent days as investors worry about their ability to deal with a worse-than-anticipated global economic outlook. Germany's Deutsche Bank was up 1 percent while France's BNP...

  • Markets were down less severely in the Philippines, Indonesia, Thailand and New Zealand. China, Hong Kong, Taiwan and South Korea were closed for Lunar New Year holidays. Among banking stocks, National Bank of Australia retreated 4.8 percent in Sydney and Mizuho Financial sank 6.2 percent in Tokyo.

  • Comptroller of the Currency Thomas Curry speaks at luncheon before the 2016 National Interagency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency and the Community Development Financial Institutions...

  • NEW YORK, Feb 8- U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly. I think that's what financials are reflecting- that their net interest margins are going to be further compressed under collapsing bond...

  • The survey came after Sunday's meeting between Saudi Arabia's oil minister, Ali al-Naimi, and his Venezuelan counterpart produced no tangible signs that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump in oil. U.S. crude settled below $30 a barrel, finishing down $1.20 at $29.69. "Everyone's fearing new builds in crude," said Donald Morton,...

  • No tangible signs emerged from a meeting on Sunday between Saudi Arabia's oil minister Ali al-Naimi and his Venezuelan counterpart that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump. Hopes of an accord to shore up prices which are languishing close to 2003 have dimmed over the past week, but the meeting between cash-strapped...

  • *China closed for Lunar New Year holidays. LONDON, Feb 8- Nickel bounced on Monday after touching its lowest in more than 12 years and most other industrial metals also climbed on a weaker dollar and a decline in selling from China. Markets were helped by China's closure for Lunar New Year holidays as there was less selling from funds which have weighed on the market...

  • Prime Minister David Cameron could reach a deal over Britain's ties with the European Union at a summit later this month, paving the way for a public vote on membership of the bloc as soon as June. Transport Minister Patrick McLoughlin said he did not think a June referendum would derail the current timetable for deciding on expanding either Heathrow, Britain's...

  • No tangible signs emerged from a meeting on Sunday between Saudi Arabia's oil minister Ali al-Naimi and his Venezuelan counterpart that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump. After a flurry of diplomacy over the last two weeks about a possible production cut roiled oil markets, Sunday's meeting between cash-strapped...

  • *S&P financial index falls about 3 pct. NEW YORK, Feb 8- Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10- year Treasury yields hit their lowest in a year on demand for assets deemed less risky. Wall Street continued Friday's...

  • *Dollar falls to lowest vs yen since November 2014. NEW YORK, Feb 8- The dollar fell to a 15- month low against the yen on Monday as a renewed slide in oil prices and doubts about the effectiveness of the Bank of Japan's negative interest-rate policy drove investors back into the safe-haven currency. "A bit of it is positioning," said Charles St-Arnaud, senior...

  • LONDON, Feb 8- British prosecutors have delayed the start of their third Libor trial after new information was provided by Barclays, the former employer of the latest group of traders charged with conspiracy to manipulate financial benchmark interest rates. The trial will mark a watershed for the SFO, which has obtained one conviction but seen six brokers...

  • Brent futures fell 68 cents to $33.38 a barrel, a 2 percent loss, by 10:36 a.m. EST, paring a fall of as much as 3.3 percent earlier in the session. "With the possibility of a production cutting deal quickly fading into the sunset, market participants are once again left to focus on the reality of the oversupplied global market," Energy Management Institute analyst...

  • *India, Philippines, Indonesia consider tax on sugary drinks. *British lawmakers debate issue, follows sugar tax in Mexico. Scandinavian countries have had such taxes, with varying degrees of success, for many years, and in 2012, France and Hungary joined the list, followed by Mexico in 2014..

  • BRIEF-JAGUAR LAND ROVER REPORTS RECORD JANUARY RETAIL CAR. *Jaguar Land Rover reports sales in europe up 65 percent, up 36 in the UK and up 5 percent in China. *Jaguar land rover reports record January retail sales of 46,016 vehicles, up 24 percent on January 2015.

  • *Banks help drive Europe shares to 16- month low. Some U.S. bank shares traded sharply lower in Frankfurt. "The fundamental picture is clearly softening," said Owen Callan, senior analyst at Cantor Fitzgerald.

  • LONDON, Feb 8- The yen surged by half a percent against the dollar on Monday as worry over Europe's banks drove capital to the safety of the Japanese currency. It fell 0.4 percent against the dollar, to $1.1121. "The strong yen stands out," said Stephen Gallo, a strategist with BMO in London.

  • *Focus shifting to Fed testimony, IEA, EIA and OPEC data. *Iran says European buyers agreed to lift its crude. Global benchmark Brent futures were down 68 cents at $33.38 at 1212 GMT, while U.S. crude futures lost 81 cents to $30.08.

  • GENEVA, Feb 8- When executive board members of the World Health Organization sat down for their annual meeting in Geneva in January, many powerful figures spoke forcefully of the need to reform the leading global authority on health and disease. "It's time to stop talking," Stewart Jessamine, New Zealand's director of public health and a WHO executive board member,...

  • *France says will support New Caledonia nickel industry. Three-month nickel on the London Metal Exchange lurched down to $7,900 a tonne, the weakest since April 2003, before paring losses to $8,095, down 0.8 percent, by 1127 GMT. We think there's over one million tonnes of nickel inventories around, "said analyst David Wilson at Citi in London.