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Wires

  • BERLIN, July 26- Germany should soon start phasing out petrol and diesel, a member of Chancellor Angela Merkel's Christian Democrats said as Britain announced it would ban the sale of new petrol and diesel-powered cars from 2040.. Britain will ban the sale of new petrol and diesel-powered cars from 2040 as part of a plan to get them off the roads altogether 10...

  • OSLO, July 26- Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy was likely. Once the biggest offshore rig firm by market value and the crown jewel in the business empire of Norwegian billionaire John Fredriksen, Seadrill shares have fallen 99...

  • PARIS, July 26- BNP Paribas is to expand further in Italy by buying full control of CARGEAS from insurer Ageas, as the French bank looks to step up cross-selling of products in Italy, where the business has been impacted by a recession. The French bank's insurance unit BNP Paribas Cardif has agreed with Ageas to buy out its 50 percent stake in Cargeas Assicurazioni...

  • SHANGHAI, July 26- A Shanghai district government plans to spend about 5 billion yuan to develop a cruise ship industrial park to house foreign firms that it hopes will help build China's first luxury passenger vessels, a local official said. China's government has earmarked cruise shipbuilding as a major objective in its "Made in China 2025" programme to...

  • FRANKFURT, July 26- Daimler's co-operation projects with carmakers will not be curbed by a European Commission investigation into alleged anti-competitive behaviour among German carmakers, Chief Executive Dieter Zetsche said on Wednesday. German magazine Der Spiegel reported on Friday that German carmakers Daimler, BMW, VW, Porsche and Audi held...

  • *FTSE 100 up 0.6 pct. LONDON, July 26- Strong updates from ITV and Compass Group helped Britain's top share index advance on Wednesday, underpinned also by gains among defensive stocks and mining shares. Britain's blue chip FTSE 100 index was up 0.6 percent at 7,477.99 points by 0905 GMT.

  • LONDON, July 26- Sterling edged down on Wednesday after data showed Britain's economy gathered only a little speed in the second quarter after almost stalling at the start of the year, pouring cold water on expectations for UK interest rate hikes in the coming months. But that figure is likely to cement expectations that the Bank of England will keep interest...

  • LUXEMBOURG, July 26- A deal between the European Union and Canada to share airline passenger data must be revised as parts of it violate privacy and data protection laws beyond what could be seen as justified for fighting terrorism, the EU's top court said. The EU's 28 states and Canada negotiated the deal in 2014 but the European Parliament- where the collection...

  • FRANKFURT, July 26- German sportswear company Puma plans to keep spending to sign up top athletes and celebrities after its flagship star Usain Bolt retires, seeking to bolster a brand that lags market leaders Nike and Adidas. "We are continuing to invest in sports," chief executive Bjorn Gulden told journalists after the company published full second-quarter...

  • LONDON, July 26- Credit Suisse's global strategists slightly rolled back their "overweight" stance on euro zone stocks on Wednesday as a surging euro and the potential for the brisk pace of inflows to ease forces a rethink on one of the year's most popular trades. Europe remains an "overweight" at the firm and is their most preferred region globally after emerging...

  • LONDON, July 26- British finance minister Philip Hammond said the government could not be complacent about economic growth and needed to boost productivity and investment, after official figures showed a lackluster performance so far this year. Britain's economy gathered only a little speed in the second quarter after almost stalling at the start of the...

  • LONDON, July 26- British finance minister Philip Hammond said the government could not be complacent about economic growth and needed to boost productivity and investment, after official figures showed a lacklustre performance so far this year. Britain's economy gathered only a little speed in the second quarter after almost stalling at the start of the...

  • JAKARTA, July 26- Indonesia is closer to a deal with Freeport McMoRan Inc on its long-term future in the country, but key issues still need to be resolved before the U.S. miner gets a new operating permit for its huge copper mine, a mining ministry official said. Shares of the world's biggest publicly traded copper miner jumped to a 16- month high on Tuesday after...

  • LUXEMBOURG, July 26- A decade-long battle by luxury brands to defend their image neared an end on Wednesday when an adviser to Europe's top court said Coty can block a German retailer from selling its beauty products via online marketplaces. "A supplier of luxury goods may prohibit its authorised retailers from selling its products on third-party platforms...

  • LONDON, July 26- Britain's ITV reported stronger than expected first-half earnings despite weak advertising income, showing that new boss Carolyn McCall will inherit a media group better placed to withstand economic downturns than in the past. Shares in Britain's biggest free-to-air commercial broadcaster rose 4 percent on Wednesday after the group...

  • LONDON, July 26- Emerging markets were mostly firmer on Wednesday after a shaky start in Asia caused by a slight rise in the dollar and U.S. bond yields before the Federal Reserve meeting. Poland's zloty inched further off recent three-month lows and Polish stocks rose 0.6 percent as investors' bullish view on emerging markets before the Fed meeting outweighed...

  • MILAN, July 26- Suspected hackers have accessed client data of Italy's biggest lender, UniCredit, in two attacks in the past 10 months and affected about 400,000 Italian customers, the most serious data breach ever reported by a major Italian lender. No passwords were stolen in the attacks, which first occurred in September and October of 2016 and again in June and...

  • PARIS, July 26- AccorHotels will re-group three of its luxury home-rental divisions under its' onefinestay' brand, as the French hotelier steps up efforts to counter the challenge of Airbnb and other online booking services. AccorHotels said it would group the Travel Keys and Squarebreak units under the umbrella of the' onefinestay' brand before the end of the...

  • HELSINKI— Sweden's right-wing opposition parties say they are planning a motion of no confidence in three government ministers over a security leak which could result in major changes in the minority government. They announced the move Wednesday, following last week's reports of a 2015 leak that allowed IT workers abroad to access confidential...

  • SINGAPORE, July 26- The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row. The UAE halted condensate imports from Qatar after it, along with Saudi Arabia, Egypt and Bahrain, severed...