Europe News London

  • *Italy yields at six-week high before Tues court hearing. LONDON, Jan 23- Italian government bond yields hit a six-week high on Monday before Italy's Constitutional Court reviews the country's disputed election law, in a hearing that could impact the timing of the next election. Italy has different electoral laws for the upper and lower houses of parliament...

  • LONDON, Jan 23- Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the end of the month, the OPEC member's oil minister said on Monday. "We are abiding by OPEC policy and the OPEC agreement," Luaibi said. Iraq agreed to lower its production by 210,000 bpd under a deal struck in December between the...

  • LONDON, Jan 23- Copper rose more than 1 percent on Monday, buoyed by dollar weakness and hopes that U.S. Three-month copper on the London Metal Exchange was up 1.1 percent at 1030 GMT at $5,812 a tonne. "What's helping copper is clearly the weaker dollar, and hopes that we'll get tax cuts, fiscal spending and infrastructure spending in the United States," Societe...

  • LONDON— Britain's Supreme Court will rule Tuesday on whether the prime minister or Parliament has the right to trigger the process of taking Britain out of the European Union. Article 50, which has never been used before, starts the formal process of taking Britain out of the 28- nation EU bloc, a move favored by 52 percent of voters in the June referendum that has...

  • LONDON— Britain's prime minister has pledged to help U.K. industry grow and compete as the country prepares to leave the European Union. According to a statement released before the meeting, May says the government must provide an environment that will create well-paying jobs throughout Britain if the country is to thrive after Brexit. The initiative is the...

  • LONDON, Jan 23- Italian government bond yields hit six-week highs on Monday, bucking a broader fall in euro zone debt yields, before a hearing on the legitimacy of new electoral law. But in Italy, caution crept in before Tuesday's Constitutional Court hearing on a disputed electoral law. The referendum rejected by voters on Dec. 4 would have eliminated Italy's...

  • LONDON/ FRANKFURT Jan 20- U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk...

  • KEEPING SCORE: In early trading, France's CAC-40 shed 0.8 percent to 4,812.41 while Germany's DAX lost 0.7 percent to 11,542.93 and London's FTSE 100 retreated 0.7 percent to 7,144.52. On Friday, the DAX rose 0.3 percent and the CAC-40 added 0.2 percent while the FTSE 100 fell 0.1 percent. ASIA'S DAY: The Shanghai Composite Index rose 0.4 percent to 3,136.77 and...

  • BEIJING— Japanese stocks tumbled while Chinese markets gained Monday after Donald Trump took office as U.S. president and promised "American first" policies, adding to concerns about the threat of protectionism. Seoul's Kospi added 0.1 percent to 2,067.59 and Taiwan and Singapore also gained. TRUMP ON TRADE: Trump has rattled businesspeople in Japan, China and...

  • LONDON, Jan 20- The U.S. gas market has tightened significantly over the last nine months as low prices have spurred strong consumption and exports while slashing drilling of new wells. At the same point last year, stocks were 473 billion cubic feet above average, according to the U.S. Energy Information Administration. Heating demand so far in the winter of 2016/ 17...

  • *LME faces struggle to compete with New York, Shanghai futures. London's $5 trillion- a-year gold trade has, along with the rest of the City of London, found itself under increased scrutiny since the Libor scandal, with U.S. lawsuits alleging rigging against the banks that set bullion prices. It also says the contracts' central clearing would free the banks and...

  • VIENNA— OPEC and key non- OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets less than two months after agreeing to do so in efforts to push up the price of crude, Russia's energy minister said Sunday. Alexander Novak's upbeat comments to reporters came at the end of the first meeting of a joint OPEC- non- OPEC...

  • *First meeting on oil deal compliance. VIENNA, Jan 22- OPEC and non- OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices. All the countries are sticking to the deal... results are above expectations, "Russian Energy...

  • *Too early to talk of extending 6- month deal- Russia's Novak. VIENNA, Jan 22- Energy ministers from OPEC and non- OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. The other members of the committee represent Algeria,...

  • LONDON— British Prime Minister Theresa May said Sunday she plans to discuss free trade and the importance of the NATO military alliance when she becomes the first foreign leader to meet with U.S. The White House's invitation for May to meet with Trump on Friday was seen in Britain as affirmation that Trump values the vaunted "special relationship" between the...

  • VIENNA, Jan 22- A committee of OPEC and non- OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. Kuwait chairs the five-member committee which also includes Algeria, Venezuela, Russia and Oman. The Organization of the Petroleum Exporting Countries and non- OPEC...

  • Women's march in Charlotte attended by an estimated 10,000 demonstrators as a sister march to the one in Washington DC, in USA on January 21, 2017.

    An estimated 3 million people have marched worldwide, including in London, Berlin and Tokyo, NBC News reports.

  • BRUSSELS- ECB Board Member Peter Praet delivers a speech at "European Pillar of Social Rights Conference", organised by European Commission in Brussels- 1315 GMT. COPENHAGEN- Norges Bank Deputy Governor Egil Matsen gives a speech at a "Seminar on active ownership in pension funds" arranged by Pension Research Centre and Copenhagen Economics- 1410 GMT.

  • BUDAPEST- Hungarian National Bank Governor Gyorgy Matolcsy, Hungarian Prime Minister Viktor Orban and Bank of China Ltd Chairman Guoli Tian are scheduled to attend 4th "Lamfalussy" memorial conference- 0800 GMT. LONDON- Czech Central Bank board member Vojtech Benda to attend "ING Client Breakfast" in London. WASHINGTON- Mexican Foreign Minister Luis Videgaray...

  • *Stocks recover some ground after paring gains on Trump speech. NEW YORK, Jan 20- The dollar ended down while U.S. stock indexes rose in the last day of a choppy trading week, as investors reacted to President Donald Trump's inaugural speech. "I think folks priced in the good stuff in that first month and now they're worried about inflation and what's the Fed going to do,...