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Europe Top News and Analysis United Kingdom

  • BRUSSELS— European Union Council President Donald Tusk said Saturday that Britain will face a united bloc of 27 EU nations in its divorce negotiations and warned that any demands from Prime Minister Theresa May will be dealt with "firmly." The negotiations themselves are to start shortly after snap elections in Britain on June 8. Tusk insisted that there can be...

  • TOKYO- Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad...

  • TOKYO- Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad...

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices closed up on Friday on growing hope that OPEC might agree to extend production cuts long enough to reduce a global crude glut, but crude prices still posted a weekly decline. U.S. light crude rose 36 cents to settle at $49.33 a barrel, off the day's high of $49.76.

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices edged up on Friday on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year. U.S. light crude rose 18 cents to $49.15 a barrel at 4:03 p.m. EDT, off the day's high of $49.76.

  • *More suits threatened to follow in the United States. April 28- ASML, the world's third largest semiconductor equipment maker, said on Friday it had counter-sued rival Nikon, after the Japanese company launched a wide-ranging patent battle against the Dutch company this week. They were brought in Japan by ASML on its own and jointly with its partner Carl Zeiss, a...

  • NEW YORK, April 28- Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth. Growth stocks- whose profits are expected to grow at a faster pace than the broader market- are also outperforming their value counterparts in Asia and Europe.

  • LONDON, April 28- Ratings agency Standard& Poor's said Prime Minister Theresa May's decision to call a snap national election on June 8 could increase the chances of a good Brexit deal for Britain, but there were risks of a surprise outcome from the June 8 poll. S&P, which has long said Brexit poses a threat to Britain's economy, said the expected bigger...

  • LONDON _ Lloyds Banking Group PLC on Thursday reported first-quarter profit of $1.1 billion. The London- based bank said it had earnings of 5 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices were little changed on Friday in a see-saw session, retreating from session highs and headed for weekly declines on lingering questions about whether OPEC will extend output cuts at its May meeting and whether it will reduce a global crude glut enough to boost prices.

  • LONDON, April 28- Ratings agency Standard& Poor's said on Friday that Britain's decision to leave the European Union had created "a heightened risk" around the country's large borrowing needs and could put strains on the historic make-up of the United Kingdom too. S&P, in a statement affirming the possibility of a further downgrade Britain's sovereign debt...

  • April 28- U.S. stocks were slightly lower in early afternoon trading on Friday after data showed the economy grew at its weakest pace in three years in the first quarter. Other data showed that the University of Michigan's final April consumer sentiment index was at 97, below analysts' expectations of 98.. "The U.S. consumer spending is the most sensitive part of...

  • LONDON/ MILAN, April 28- European shares eased on Friday as investors took profits, but sealed their strongest week since December as political worries subsided and brokers forecast strong earnings growth would underpin valuations. The STOXX 600 index closed 0.2 percent lower at 387.09, adding to the previous session's losses, while Britain's FTSE was down...

  • LONDON— Prime Minister Theresa May has told Japan's leader that she is determined to keep Britain "the best place in Europe" to run a business once the country leaves the European Union. May noted that 1,000 Japanese companies including Honda, Hitachi and Mitsubishi employ 140,000 people in Britain. May said "our strong economy, high level of skills, and low levels...

  • *MSCI World index poised for best month since 2006. NEW YORK, April 28- World stock markets dipped on Friday, with U.S. equities stalling after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target. First-quarter earnings are currently expected to grow by 13.6 percent,...

  • *Spanish economy beats forecasts, Austria, France also grow. European Central Bank chief Mario Draghi struck a cautious note on Thursday, sending yields lower, but numbers out on Friday strengthened the belief that the ultra-loose policy stance cannot last. "The ECB has been looking through fluctuations in the headline inflation rate and looking at core...

  • NEW YORK, April 28- The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures, while the dollar jumped against the yen after U.S. wages data suggested the Federal Reserve would still hike interest rates two more times this year. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, on the verge of...

  • LONDON, April 27- Coffee and sandwich chain Pret A Manger wants to increase the number of Britons working in its UK shops to cushion it from potential damage if European Union workers stay away after Brexit, its boss said on Thursday. The status of citizens from other EU countries living in Britain has been clouded by last June's Brexit vote with the UK government...

  • *ASML files countersuits as patent battle heats up vs Nikon. April 28- ASML, the world's third largest semiconductor equipment maker, said on Friday it had counter-sued rival Nikon, after the Japanese company launched a wide-ranging patent battle against the Dutch company this week. They were brought in Japan by ASML on its own and jointly with its partner Carl...

  • *Norway keeps ban on two Super Puma models in place for now. OSLO, April 28- The fatal crash of an Airbus helicopter in Norway last year was the result of metal fatigue in the aircraft's gearbox, the country's Accident Investigation Board said in a report on Friday, confirming its initial findings last June. The flight was operated by Canada- based CHC Helicopter,...