Wires

  • FRANKFURT, Dec 9- German semiconductor chipmaking machinery company Aixtron may sell off part of its business, its chief executive said in an interview published on Friday, opening the door for bidders after a deal with a Chinese company collapsed. China's Fujian Grand Chip Investment Fund dropped its 670 million-euro bid for Aixtron earlier this week after...

  • Dec 9- Synergy Pharmaceuticals Inc said its experimental oral drug, plecanatide, met the main goal of a late-stage study on irritable bowel syndrome patients with constipation, according to an analysis of preliminary data. Both doses of the drug outperformed a placebo in patients who were overall responders, or those whose abdominal pain was reduced by 30...

  • PRAGUE— The Czech Republic may lose its place as one of the last havens for tobacco smokers in Europe. Unlike most of Europe, the Czechs have remained tolerant of smoking. The bill still needs approval from Parliament's upper house, the Senate and President Milos Zeman, who is a chain smoker.

  • BERLIN— A union representing Lufthansa's pilots says it will return to the negotiating table after a string of recent strikes in a long-running pay dispute. The Cockpit union said Friday that it will discuss with Lufthansa next week how to proceed, with possible arbitration proceedings up for discussion. Cockpit has been staging strikes sporadically since...

  • Dec 9- American Airlines Group Inc raised its current-quarter forecasts for pre-tax margin and a key profitability metric, citing an improvement in average fares. The company said it now expects fourth-quarter unit revenue to range between a decline of 1 percent and an increase of 1 percent, compared with its previous forecast of a decline of 2.5-0.5 percent.

  • COPENHAGEN, Denmark— A Danish court says Apple has violated a local consumer law by giving a refurbished iPhone with used components in replacement for a new one that wasn't working properly. The Glostrup City Court says consumer David Lysgaard "had a legitimate expectation" to receive a new product, adding the replacement smartphone "can't be qualified as a...

  • FRANKFURT, Dec 9- AstraZeneca will expand its collaboration with Eli Lilly to develop an experimental Alzheimer's drug, sticking with an approach that has been a mainstay of research despite recent setbacks. Astra said it would team up with Lilly to develop a drug known as MEDI1814, currently being tested on humans in the first stage of development.

  • *OPEC wants to persuade non-members to cut output. LONDON, Dec 9- Oil prices were edging higher for a second session on Friday on hopes that non- OPEC producers meeting in Vienna would agree to cut output to bolster the group's own agreement to limit production. On Saturday, oil ministers from OPEC countries will meet non- OPEC producers in Vienna to seek help in...

  • LONDON, Dec 9- Britain's trade deficit narrowed more than expected in October but overall there was little sign exports were getting much help from sterling's fall since Britain voted to leave the European Union in June, data showed on Friday. The Office for National Statistics said on Tuesday it had been misclassifying trade in gold since January 2015.

  • LONDON, Dec 9- Britain's trade deficit narrowed more than expected in October but overall there was little sign exports were getting much help from sterling's fall since Britain voted to leave the European Union in June, data showed on Friday. The Office for National Statistics said on Tuesday it had been misclassifying trade in gold since January 2015.

  • PARIS/ SINGAPORE, Dec 9- Chicago soybean futures turned higher on Friday, coming off an earlier two-week low as investors adjusted positions before U.S. government crop forecasts that will give clues as to how brisk export demand is playing out against big supplies. The U.S. Department of Agriculture will release its monthly supply-demand report at 1700 GMT and...

  • *Demonetisation has clouded India's growth outlook. MUMBAI, Dec 9- When it comes to interest rate decisions under Reserve Bank of India's new governor, Urjit Patel, the only certainty seems to be that nothing is certain. Both of Patel's policy reviews so far have wrong-footed investors, raising frustration that they are unable to get a handle on where monetary...

  • COPENHAGEN/ SEOUL, Dec 9- Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday after Denmark's Maersk Line said the South Korean shipping firm was no longer being considered for the 2 M vessel-sharing alliance. Joining an alliance with major shipping firms was one of the conditions of a debt restructuring deal between heavily indebted...

  • GAINSBOROUGH, England, Dec 9- With Christmas music blaring, staff at English fancy dress company Smiffys are stuffing elf outfits and Santa Claus suits into boxes to send to clients across Europe. Before long, the headquarters of the 122- year-old family business will be heading to the Netherlands too- a sign of how uncertainty over Britain's exit from the...

  • BRASILIA, Dec 9- Brazilian President Michel Temer personally intervened behind the scenes to defuse a clash between the Supreme Court and the Senate this week in an effort to ensure the passage of flagship spending cuts that have revived investor confidence. Aides said Temer had been preparing to brief labor leaders about planned austerity measures on...

  • MOSCOW, Dec 9- Carter Page, previously described as a foreign-policy adviser to U.S. president-elect Donald Trump, said the purchase of a stake in Rosneft by Qatar and Glencore made it clear sanctions hurt Western companies more than the Russian oil major, RIA news agency reported on Friday.

  • DUBLIN, Dec 9- Sumitomo Corp is to buy Europe's biggest banana importer Fyffes for 751 million euros in a deal that aims to diversify and expand the Japanese trading company's business. Sumitomo is offering 2.23 euros in cash per share, a 49 percent premium to Thursday's price, and said it had secured acceptances from 27 percent of shareholders, including Balkan...

  • Central Bureau of Investigation spokeswoman Kanchan Prasad said the agency has enough evidence to prosecute retired Air Marshal S.P. Tyagi, his cousin Sanjiv Tyagi and attorney Gautam Khaitan. India signed an agreement to purchase the AW101 helicopters with Italian-owned Finmeccanica's helicopter arm AgustaWestland in February 2010, but canceled it in...

  • *Pressure mounts on Rome to recapitalise Monte Paschi. MILAN, Dec 9- The European Central Bank has rejected a request by ailing Italian lender Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, in a move that piles pressure on the Italian government to bail out the bank. The ECB's supervisory board turned down the request at a meeting on...

  • *Euro down another half percent after ECB moves spark 2 cent loss. LONDON, Dec 9- The euro was back under pressure on Friday after an extension of the European Central Bank's program of money-printing drove its biggest daily loss against the dollar since Britain's vote to leave the European Union in June. That drove a more than 2- cent fall on Thursday, and the euro...