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Europe News London

  • LONDON, June 26- Gold tumbled to its lowest price in nearly six weeks as a large sell order and a stronger dollar hit sentiment on Monday, though losses were limited by political uncertainty around the world. The sale of 18,500 lots of gold, totalling 1.85 million ounces, and 5,000 ounces of silver in 5,500 lots on Comex in a short space of time was behind falling...

  • A third day running of higher oil prices had investors buying a number of major currencies including the dollar against the yen in morning trade in Europe in the hope that crude will hold inflation down less. Sterling recovered more ground as Prime Minister Theresa May sealed the support she needs to win a vote this week on her minority government's programme,...

  • *Italy- Germany bond yield spread comes off recent narrow levels. LONDON, June 26- Euro zone government bond yields fell after Italy received the go-ahead for a state rescue of the assets of two failed lenders, helping to shore up its ailing banking system which is seen as dragging on growth in Italy and the bloc as a whole. On Sunday, Italy began winding up two failed...

  • LONDON, June 26- Sterling gained 0.1-0.2 percent against the dollar and euro on Monday as Prime Minister Theresa May struck a deal to prop up her minority government, peeling away one layer of uncertainty for Britain as its negotiates its exit from the European Union. May secured the backing of Northern Ireland's Democratic Unionist Party and its 10 lawmakers,...

  • June 26- U.S. stock index futures were higher as oil prices rebounded, while investors awaited economic data for a reading on the health of the economy. *Fed Chair Janet Yellen speaks on London on Tuesday and investors will look for any clues to the rate outlook, after mixed views from other Fed officials in recent days. *On Monday, San Francisco Fed President John...

  • June 26- U.S. stock index futures were higher as oil prices rebounded, while investors awaited economic data for a reading on the health of the economy. *Fed Chair Janet Yellen speaks on London on Tuesday and investors will look for any clues to the rate outlook, after mixed views from other Fed officials in recent days. *On Monday, San Francisco Fed President John...

  • BOSTON/ NEW YORK, June 26- Investors betting trillions on ethically-appealing stocks may not be getting all they expect. However, some investors and funds may rely too much on the scores of one rating firm, said Dan Hanson, a portfolio manager at Jarislowsky Fraser Global Investment Management. "We don't have a common vernacular," said Asha Mehta, director of...

  • LONDON, June 26- Russian billionaire Mikhail Fridman's L1 Retail has agreed to buy Britain's Holland& Barrett for 1.77 billion pounds in its first acquisition, betting on continued growth and expansion abroad for the health foods chain. L1 Retail, part of Fridman's empire that spans investments in ride-hailing firm Uber to North Sea assets, said it expected to...

  • SYDNEY/ LONDON, June 26- Rio Tinto on Monday confirmed Yancoal Australia as the preferred buyer for its Australian Coal& Allied unit after the China- backed company added an eleventh-hour sweetener to top a rival bid from Glencore. Yancoal, increased its offer to $2.69 billion from $2.45 billion, adding $240 million in unconditional guaranteed royalty payments...

  • *Takata files for protection in Japan, United States. TOKYO, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems. Takata Americas, its U.S. arm, filed for Chapter 11...

  • LONDON— British Prime Minister Theresa May says goal is to remove anxiety, provide certainty to EU citizens in UK.

  • British Prime Minister Theresa May has provided additional details for proposed treatment of European Union citizens living in Britain once Brexit takes effect. The prime minister said Britain wants EU residents who are inside Britain lawfully to stay in the country and enjoy full rights. Democratic Unionist Party leader Arlene Foster says that May...

  • *Group's debt rises to over $7 billion. *COFCO gaining ground in South America. LONDON/ BEIJING/ BUENOS AIRES, June 26- As the world trade in farm commodities faces a shake-up, one the groups widely expected to play a leading role- China's COFCO- will probably have sit out the industry consolidation after all.

  • LONDON— Cladding maker Arconic discontinues sales of one type of cladding in high rise buildings after Grenfell fire.

  • *Spot gold hits lowest since May 17. "This sharp depreciation, which lacks any fundamental drivers on a relatively quiet trading day has left investors bewildered," said Lukman Otunuga, research analyst, FXTM. ounce, as of 0912 GMT, touching its lowest since May 17.

  • The move, made necessary by her Conservative Party's dismal performance in the June 8 election, came with a high cost: May's government agreed to a massive injection of funds into Northern Ireland in exchange for Democratic Unionist support. The arrangement drew angry criticism from leaders in Scotland and Wales— who say their countries get little while...

  • *Italy bank deal lifts Europe shares; Asian stocks also rise. LONDON, June 26- Shares rose in Europe on Monday, with Italian banks gaining after a deal to wind up two failed regional lenders, while the dollar and U.S. bond yields held close to recent lows as subdued inflation raised questions over the outlook for monetary policy. The Italian government will pay it 5.2...

  • LONDON, June 23- World stocks could be about to record their best start to a year since 1998, when global markets were recovering from the Asian crisis, while oil and the dollar are facing their worst first-half in years. The second feature has been a political and growth outlook shift in Europe which has lured investors back to the continent.

  • BOSTON/ NEW YORK, June 26- Investors betting trillions on ethically-appealing stocks may not be getting all they expect. However, some investors and funds may rely too much on the scores of one rating firm, said Dan Hanson, a portfolio manager at Jarislowsky Fraser Global Investment Management. "We don't have a common vernacular," said Asha Mehta, director of...

  • BEIJING— Asian markets rose Monday after Wall Street rebounded from losses to end the week higher on stronger oil and natural gas prices. Seoul's Kospi gained 0.3 percent to 2,386.69 and Taiwan also rose. Markets in India, Singapore, Malaysia and Indonesia were closed for a holiday.