Europe News London

More

  • NEW YORK, Feb 5- Oil prices were little changed in choppy trading on Friday, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi counterpart Ali al-Naimi in...

  • Chicago, Feb 5- U.S. wheat futures slumped for a second session on Friday, anchored by ample global supplies and after top importer Egypt canceled a tender for the second time this week. Corn and soybeans were also lower at the Chicago Board of Trade, with all three markets on pace for a weekly decline ahead of a U.S. Department of Agriculture supply and demand...

  • LONDON/ MILAN, Feb 5- European equities ended lower after a choppy session on Friday, with the sell-off accelerating in late business after U.S. jobs data left investors guessing about the possibility of an interest rate hike this year. "The result is an even more confused picture on the likely pace of rate increases from the Federal Reserve... which is unlikely to be...

  • *Chinese tourists spent up to $1 bln in Moscow in 2015. Shoppers from China accounted for 7 percent of the group's sales in 2015 and while the country's economy is slowing sharply, at least it is still growing unlike Russia's which is shrinking. Chinese visitors have become a more frequent sight in central Moscow, some carrying bright orange shopping bags from...

  • WASHINGTON, Feb 5- HSBC Holdings Plc will pay $470 million to settle parallel U.S. federal and state civil charges alleging the bank's mortgage servicing arm engaged in abusive foreclosure and loan origination practices, the New York Attorney General's office said on Friday. The mortgage settlement resolves claims brought against the London- based bank by...

  • LONDON, Feb 5- Oil is on track to end the week lower after two consecutive weeks of gains in a volatile Friday session, as bearish fundamentals pressure prices despite bullish indications earlier in the week. International benchmark Brent crude futures were 53 cents lower at $33.93 per barrel at 1454 GMT, and down from an intraday high of $35.14.

  • Stocks lose more ground as jobs report disappoints Friday, 5 Feb 2016 | 10:15 AM ET

    NEW YORK— Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history. Energy and consumer discretionary stocks fell as oil prices declined and investors continued to worry...

  • NEW YORK, Feb 5- The U.S. dollar rebounded against a basket of major currencies on Friday after data showed a pickup in U.S. wages in January, suggesting greater inflation and denting the view that the Federal Reserve would not hike rates at all this year. U.S. Labor Department data showed that average hourly earnings increased 12 cents, or 0.5 percent, last month,...

  • South Africa aims to lift coal exports to India Friday, 5 Feb 2016 | 9:45 AM ET

    *South Africa looks to India to maintain record exports. CAPE TOWN, Feb 5- South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share. A drop in Indonesian exports to India, which imported around...

  • MILAN, Feb 5- European equities were steady on Friday as a rise in the shares of major banks and industrial companies offset a fall in stocks such as defense group Finmeccanica and steelmaker ArcelorMittal. Data on Friday showed that U.S. non-farm payrolls increased by 151,000 jobs last month and the unemployment rate was at 4.9 percent, the lowest since...

  • London's bid to win exemption from the European Union goal of "ever closer union," preserve its financial sector from regulation by the euro zone and curb access to in-work benefits for EU migrant workers won backing from Poland as the meeting of national negotiators- or sherpas- began in Brussels. The powerful leader of Warsaw's new ruling party, Jaroslaw...

  • LONDON— Luxury fashion retailer Burberry says it will combine its menswear and womenswear catwalk shows into a single presentation, and slash the amount of time it takes for customers to obtain items seen on the runway. "The changes we are making will allow us to build a closer connection between the experience that we create with our runway shows and the moment...

  • LONDON, Feb 5- British luxury fashion brand Burberry is moving away from presenting traditional seasonal collections to meet growing demand from customers in different climates around the globe. Burberry also plans to have just two catwalk shows instead of four each year and make its runway collections available in stores immediately, the first global...

  • *U.S. firms face uncertainty over Europe privacy rules. Restive regulators in Europe are gearing up to enforce tough privacy laws and further court challenges await, activists say. These range from stricter data-handling policies to new technologies or paying to lease datcenters based in Europe.

  • FRANKFURT, Feb 5- Monsanto could seek to expand in agricultural chemicals by deepening its partnership with Germany's BASF after losing out to ChemChina in its bid to buy seeds and pesticides firm Syngenta. But while the Ludwigshafen, Germany- based company is not willing to sell its pesticides unit, recent consolidation in the industry means it is now seen by...

  • Aon tops 4Q profit forecasts Friday, 5 Feb 2016 | 6:49 AM ET

    LONDON _ Aon PLC on Friday reported fourth-quarter net income of $584 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share. Five analysts surveyed by Zacks expected $3.32 billion.

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • MILAN, Feb 5- European shares were little changed in choppy trade on Friday with investors reluctant to take up big positions before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook. "With the focus on the jobs report in the U.S., we don't expect a very dynamic market today in Europe," Johannes Mayr, head of economic...

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • Stocks edge lower in early trading on Wall Street Friday, 5 Feb 2016 | 12:57 AM ET

    HONG KONG— World stock markets were uneven Friday as investors awaited U.S. job numbers that could influence how much the Fed raises interest rates this year. France's CAC 40 rose 0.6 percent to 4,255.33 while Germany's DAX dipped 0.2 percent to 9,378.43. Britain's FTSE climbed 0.2 percent to 5,911.46.