Europe News London

  • *Clinton vs Trump TV debate due later. LONDON, Sept 26- European stocks fell on Monday, weighed down by a pullback in the shares of major banking and energy companies. "Banks are still in bad shape," said Rupert Baker, a European equity sales executive at Mirabaud Securities.

  • LONDON, Sept 26- The yen was holding strong on Monday in the face of another volley of promises from the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further into negative territory. "The temptation is to say that the dollar should continue to weaken this week," said Sam Lynton-Brown, a currency...

  • Major indexes in Europe and Asia are also starting the week on a steep skid. LET'S STAY TOGETHER: Pfizer, one of the largest drug companies in the world, traded lower after it said it will not split up into two smaller companies. Pfizer tried and failed to complete two $100 billion- plus mergers recently but agreed to buy cancer drug maker Medivation for about $14...

  • *Downbeat day on Wall Street casts pall over markets. TOKYO, Sept 26- Asian shares began the week under a cloud on Monday after losses on Wall Street, and as investors' attention turned from central banks to American politics ahead of the first U.S. presidential debate. Trump could see market volatility increase, particularly if investors think there is a...

  • *European businesses oppose special deal for Britain. *UK says firms need access to London financial services. Britain wants a trade deal that gives London's financial district, known as the City, access to EU clients while allowing the government to restrict migration from the bloc- something at odds with the basic rules of the European Union.

  • The CBI/PwC Financial Services Survey of 115 firms shows finance houses, building societies and investment firms reported the sharpest drops in optimism as uncertainty after the vote to leave the European Union took hold. The results are important because so much of Britain's economy hinges on financial services— some 2 million people across the U.K. are...

  • MONDAY, SEPTEMBER 26 BELLINGHAM, United States- Bank of Canada Governor Stephen Poloz gives a speech at Western Washington University- 2300 GMT. MINNEAPOLIS, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari gives welcome remarks before the fourth "Ending Too Big to Fail" symposium- 1330 GMT. BRUSSELS- European Central Bank President...

  • MONDAY, SEPTEMBER 26 BELLINGHAM, United States- Bank of Canada Governor Stephen Poloz gives a speech at Western Washington University- 2300 GMT. MINNEAPOLIS, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari gives welcome remarks before the fourth "Ending Too Big to Fail" symposium- 1330 GMT. BRUSSELS- European Central Bank President...

  • LONDON, Sept 26- Optimism about the outlook for Britain's financial services sector is at its lowest point since the financial crisis, a survey of finance firms showed on Monday. Over half of all financial firms surveyed said the general impact of Britain's Brexit vote was negative, with only one in ten firms seeing any upside. Britain's financial industry is the...

  • *European businesses oppose special deal for Britain. *UK says firms need access to London financial services. Britain wants a trade deal that gives London's financial district, known as the City, access to EU clients while allowing the government to restrict migration from the bloc- something at odds with the basic rules of the European Union.

  • LIVERPOOL, England, Sept 24- Jeremy Corbyn was re-elected leader of Britain's opposition Labour Party on Saturday and called for unity after ending a "coup" by more centrist lawmakers who say his left-wing agenda can never deliver victory at the polls. The veteran campaigner's triumph, by 313,209 to 193,229 votes, over challenger Owen Smith cements his...

  • Secretary of State John Kerry and his counterparts from the European Union, United Kingdom, France, Germany and Italy meet at Tufts University to discuss a range of issues- 1545 GMT. MONDAY, SEPTEMBER 26 BELLINGHAM, United States- Bank of Canada Governor Stephen Poloz gives a speech at Western Washington University- 2300 GMT. MINNEAPOLIS, United States- Federal...

  • Secretary of State John Kerry and his counterparts from the European Union, United Kingdom, France, Germany and Italy meet at Tufts University to discuss a range of issues- 1545 GMT. MONDAY, SEPTEMBER 26 BELLINGHAM, United States- Bank of Canada Governor Stephen Poloz gives a speech at Western Washington University- 2300 GMT. MINNEAPOLIS, United States- Federal...

  • NEW YORK, Sept 23- Oil prices tumbled on Friday following signs that Saudi Arabia and Iran continue to disagree over output limits ahead of a meeting next week aimed at freezing production, while energy shares weighed on global stock indexes. Sources said Saudi Arabia did not expect a decision in Algeria, where the Organization of the Petroleum Exporting...

  • *No Saudi-Iran agreement ahead of Algeria talks. NEW YORK, Sept 23- Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. Brent crude futures settled down $1.76, or 3.7 percent, at $45.89 a barrel.

  • NEW YORK, Sept 23- Oil prices tumbled about 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. Crude futures slumped after sources said Saudi Arabia did not expect a decision in Algeria where the...

  • NEW YORK, Sept 23- Oil prices fell sharply on Friday following a report that Saudi Arabia did not expect a deal at talks by major crude exporters next week aimed at freezing output and reining in a global glut, while world stock indexes edged lower. Traders cited a Bloomberg report that Saudi Arabia did not expect a decision at Algiers, where the biggest oil...

  • VERSAILLES, France, Sept 23- Former Societe Generale trader Jerome Kerviel is liable for only 1 million euros of the 4.9 billion euros in losses he racked up at the bank, and not the whole amount, a French court ruled on Friday. The ruling by the Versailles Court of Appeals, the latest in a series of judgments on a case dating back to 2008, leaves a question mark hanging...

  • *UK firms will not supply all of the steel needed. *UK economic output by industry: http://tmsnrt.rs/2d4tTz8. LONDON, Sept 22- UK steelmakers are likely to win deals to supply the 18 billion pound nuclear power plant at Hinkley Point, although that may not be enough to bolster Britain's troubled steel sector, industry experts say.

  • NEW YORK, Sept 23- Oil prices fell about 3 percent on Friday, paring weekly gains, on a report that Saudi Arabia did not expect an agreement at talks next week among major crude exporters aimed at freezing production. Crude futures slumped after Bloomberg reported that Saudi Arabia did not expect a decision at Algiers, the capital of Algeria where the biggest oil...