×

Wires

  • AMSTERDAM, March 24- The chief executive of U.S. paint maker PPG meets Dutch government officials on Friday to make the case for its proposed 22.7 billion euro takeover of Dutch peer AkzoNobel. PPG Chief Executive Michael McGarry, who arrived in Amsterdam on Thursday, said he wanted to meet Akzo "stakeholders" including local media, shareholders, politicians,...

  • DUBLIN, March 24- The nine-month Brexit "phoney war" is set to come to an end next week when British Prime Minister Theresa May notifies the European Union of Britain's intention to leave, starting two years of unprecedented negotiations. May will send a letter to European Council President Donald Tusk on Wednesday to trigger Article 50 of the Lisbon Treaty.

  • *Credit Suisse CEO Thiam received 11.9 mln Sfr for 2016. ZURICH, March 24- Credit Suisse Chief Executive Tidjane Thiam's pay for his first full year in the job swelled to 11.9 million Swiss francs, while bonuses rose 6 percent despite back-to-back annual losses at Switzerland's second-biggest bank. Executive pay is a hot-button issue in Switzerland, with voters...

  • LONDON, March 24- Emerging stocks paused on Friday ahead of a vote on a key U.S. reform that may pave the way for stimulative tax cuts, whilst the Russian rouble firmed ahead of a central bank meeting at which interest rates are expected to stay on hold. Investors are awaiting a U.S. healthcare bill vote seen as a litmus test of whether President Donald Trump can muster...

  • BERLIN— Germany's Parliament has passed a law introducing a road toll for passenger cars. The disputed law, which was passed Friday, had long been questioned by other European countries and European Union bodies who said it was discriminatory toward non-German car drivers as German owners of cars registered in Germany would have the toll deducted from their...

  • HAMBURG/ BERLIN, March 24- German environmental group Deutsche Umwelthilfe has filed a suit against German motor authority KBA, accusing it of failing to act robustly enough over Volkswagen's diesel emissions scandal. KBA approved plans for VW to refit affected vehicles in Europe, which included software updates on pollution control systems and some...

  • President Donald Trump on Friday faces the first concrete test of how well the deal-making skills he honed in his real estate business will translate on Capitol Hill in a high-stakes vote on new Republican health care legislation. It is the first foray into legislation for Trump, a New York Republican businessman and reality television star known for his book, "...

  • LONDON— A survey of business managers indicates economic growth in the 19- country eurozone has accelerated to a near six-year high. The index, published Friday by data providers IHS Markit, is on a 100- point scale, with 50 separating contraction from growth. Chris Williamson, economist at IHS Markit, said "the eurozone economy's throttle opened further in March."

  • YANGON/ SINGAPORE, March 24- A long-awaited pipeline that would allow overseas oil to be pumped through Myanmar and into China for the first time has been delayed again as final import licenses have not been given, leaving a tanker due to deliver crude sitting in open waters. Nearly a decade in the making, Reuters reported earlier this week that the 770 km pipeline...

  • TOKYO, March 24- Japan's Ministry of Finance, Financial Services Agency and the Bank of Japan on Friday held regular talks on global economic and market developments, the BOJ said.

  • TOKYO, March 24- Singapore- based fund Effissimo, which has given embattled Toshiba Corp a rare vote of confidence with its purchase of an 8 percent stake this month, on Friday said the holding was for pure investment purposes and it expected long-term price gains. The fund, established by former colleagues of Japan's most famous activist investor- Yoshiaki...

  • LONDON, March 24- All eyes in global financial markets were fixed on stuttering Republican efforts to pass a replacement for Obamacare on Friday, with failure likely to undermine faith in Donald Trumps promise to deliver a "phenomenal" U.S. tax reform. The White House's ability to get legislation through Congress is crucial to "Trumpflation" bets on fiscal...

  • March 23- U.S. biodiesel producers on Thursday asked the U.S. government to impose antidumping duties on imports of biodiesel from Argentina and Indonesia that it says have flooded the U.S. market and violated trade agreements. The group includes Louis Dreyfus Co, which makes biodiesel in Argentina, and Wilmar International Ltd, a maker of biodiesel in...

  • HONG KONG, March 24- As visitors sip champagne at Hong Kong's Art Basel event this week and take selfies with replicas of deceased leaders Fidel Castro and Mao Zedong, a more urgent issue is rumbling through dealers exhibiting how big an impact China's capital controls will be in the coming year. Typically, Chinese collectors had circumvented restrictions by...

  • LONDON, March 24- The dollar edged up against the yen on Friday, recovering from its worst run of daily losses versus the safe-haven currency since 2010, but gains were capped by worries that U.S. And though the dollar edged up 0.2 percent to 111.19 yen on Friday, it has still fallen over 3 percent over the past fortnight-- its worst showing since early August 2016-- as...

  • *Euro govt bond yields rise 1-4 bps across the board. LONDON, March 24- Investors sold euro zone government bonds on Friday as reports on private-sector activity in the bloc provided further signals of economic growth, strengthening the case for a withdrawal of monetary stimulus. "It will be a confirmation of the economic strength in the euro zone, and that means...

  • TOKYO, March 24- Japan's Toshiba Corp has informed its main lenders it is planning for its U.S. nuclear unit Westinghouse Electric Co LLC to file for bankruptcy on March 31, people briefed on the matter said on Friday. Toshiba expects a Chapter 11 filing for Westinghouse would expand charges related to the U.S. unit in the current financial year to around 1 trillion...

  • FORT WORTH, Texas _ Basic Energy Services Inc. on Thursday reported a loss of $152.8 million in its fourth quarter. The Fort Worth, Texas- based company said it had a loss of $3.58 per share. For the year, the company reported that its loss widened to $418.1 million, or $9.96 per share.

  • LONDON, March 24- Investors sold euro zone government bonds on Friday on expectations that private sector activity data would show further signs of economic growth, thereby strengthening the case for a withdrawal of monetary stimulus. "With the PMIs expected to come in quite strongly, I think it will be a confirmation of the economic strength in the euro zone, and...

  • BOAO, China, March 24- China's debt risks are "very much under control," but local governments must ensure that the increase in their debt spending this year is within stipulated limits, Vice Finance Minister Liu Wei said on Friday. This year, China has capped the size of outstanding local government debt at 18.8 trillion yuan, up from the 17.2 trillion ceiling in...