×

Europe Top News and Analysis United Kingdom

  • South Korean treasurer went missing on Feb. 7. ZURICH, Feb 22- Swiss engineering group ABB on Wednesday said it fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary, with the chief suspect an executive responsible for ethics training. The executive, named by a source in South Korea as Oh Myeong-se, was treasurer and one of two integrity...

  • FORT WORTH, United States- Dallas Fed President Robert Kaplan participates in a moderated Q&A session hosted by the Tarrant County Bankers Association- 1800 GMT. LONDON- ECB Board Member Peter Praet to deliver a keynote speech at the "Brexit and the implications for financial services" conference- 0855 GMT. LONDON- ECB Board Member Peter Praet to give...

  • FORT WORTH, United States- Dallas Fed President Robert Kaplan participates in a moderated Q&A session hosted by the Tarrant County Bankers Association- 1800 GMT. LONDON- ECB Board Member Peter Praet to deliver a keynote speech at the "Brexit and the implications for financial services" conference- 0855 GMT. LONDON- ECB Board Member Peter Praet to give...

  • NEW YORK, Feb 22- Oil prices fell more than 1 percent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signaled optimism over its deal with other producers to curb output. In post-settlement trade, prices pared losses sharply after data from industry group the American...

  • *Global stocks retreat from record high. NEW YORK, Feb 22- Global stocks pulled back from record highs on Wednesday while the dollar declined after minutes from the U.S. The perceived less hawkish tone of the Fed's record of the Jan. 31- Feb. 1 policy meeting helped lift gold and U.S. bonds from negative territory.

  • NEW YORK, Feb 22- The dollar fell against the euro and yen on Wednesday after Federal Reserve meeting minutes disappointed expectations for a hawkish tone and anti-EU French presidential candidate Marine Le Pen's perceived chances of winning fell. "The message was that there is still some hesitation, some caution versus the impression the markets got from the...

  • NEW YORK/ LONDON, Feb 22- Gold turned higher as the dollar shifted lower on Wednesday, after minutes from the last U.S. 2:56 p.m. EST, while U.S. gold futures settled down 0.5 percent at $1,233.30, prior to the release of the minutes. "Gold rallied after the January Fed minutes suggested that voting members were relaxed about having' ample' time to respond to inflation...

  • OXFORD, England, Feb 22- Economic experts, maligned in an age of populist movements and fake news, must come clean when they are uncertain about the future if they are to regain the trust of the public, Bank of England Deputy Governor Minouche Shafik said on Wednesday. Her comments reflect a bout of soul-searching among BoE policymakers, who have been criticised by...

  • NEW YORK, Feb 22- Oil prices fell 1.5 percent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signaled optimism over its deal with other producers to curb output. U.S. crude stocks likely rose 3.5 barrels last week, its seventh straight build, analysts polled ahead of weekly...

  • MILAN, Feb 22- The curtain went up on Milan's fashion week on Wednesday with Gucci's enchanted garden inspired looks and Fay's 1990 s rock chick styles paraded for the womenswear autumn and winter 2017/ 2018 season. After New York and London, the Italian capital of fashion will be the setting for six days of runway shows, exhibitions, parties and events as the...

  • NEW YORK, Feb 22- Oil prices fell about 1.5 percent on Wednesday on expectations of another surge in U.S. inventories, but they traded close to multi-week highs after OPEC signalled optimism over its deal with other producers to curb output. Analysts polled ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S....

  • *Unilever biggest FTSE gainer after review promise. *Italy's FTSE MIB weighed by Mediolanum. LONDON, Feb 22- European shares were steady at 14- month highs on Wednesday, supported by well-received earnings updates from companies such as Lloyds, Telefonica Deutschland and Scor.

  • NEW YORK, Feb 22- The euro recovered from its weakest level against the dollar in six weeks on Wednesday after far-right French presidential candidate Marine Le Pen's perceived chances of winning fell, reducing concerns given the candidate's anti-EU stance. The euro was last up 0.2 percent against the dollar at $1.0554, recovering a 0.4 percent loss that...

  • LONDON, Feb 22- Bank of England Deputy Governor Jon Cunliffe warned on Wednesday that requiring financial instruments to be cleared in a country that uses the currency in which they are denominated would bump up costs and splinter markets. Cunliffe said the clearing of a single pool of multi-currency instruments, as done by LCH clearing house in London, allowed...

  • *Spain, Germany sell new debt. LONDON, Feb 22- The gap between short-dated German and U.S. government bond yields stood at its widest in nearly 17 years on Wednesday as the former fell to record lows and the latter nudged up in anticipation of rate increase signals. Bottlenecks caused by the European Central Bank's bond-buying program and upcoming regulatory...

  • South Korean treasurer went missing on Feb. 7. ZURICH, Feb 22- Swiss engineering group ABB fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary, it said on Wednesday, with the chief suspect an executive responsible for ethics training. The executive, named by a source in South Korea as Oh Myeong-se, was treasurer and one of two integrity...

  • NEW YORK, Feb 22- Global stocks pulled back from record highs on Wednesday while the dollar rose ahead of minutes from the U.S. U.S. and German bond yields initially fell on safe-haven demand, stoked by jitters about the first round of the presidential election in France where polls showed anti-EU, anti-immigrant candidate Marine Le Pen leading.

  • WASHINGTON— The Supreme Court on Wednesday sided with California- based Life Technologies Corp. in a patent infringement case that limits the international reach of U.S. patent laws. Life Technologies supplied an enzyme used in DNA analysis kits to a plant in London and combined it with several other components to make kits sold worldwide.

  • NEW YORK, Feb 22- The euro hit a six-week low against the dollar on Wednesday on concern over France's presidential election campaign, a growing gap between U.S. and euro zone interest rates and the increasing risk of a rate increase from the Federal Reserve in March. The euro fell below $1.05 for the first time in six weeks to $1.0494 in early trading.

  • *Follows rejection of $143 bln Kraft takeover bid. LONDON, Feb 22- Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz's $143 billion bid, with the promise of a swift, far-reaching review. Kraft, backed by Warren Buffett and private equity firm 3 G, had wanted to buy Unilever, which is being advised by Centerview following...