BRUSSELS, Oct 18- British Prime Minister Theresa May and other EU leaders voiced renewed confidence on Thursday that they could secure a Brexit deal, saying they were working hard to overcome the very same hurdles that only days ago brought the talks to a halt. Less than six months before Britain quits the EU in its biggest shift in policy for more than 40 years, the...
*Britain pushes Italy's new government to back plans. BRUSSELS, Oct 17- The European Union should agree a sanctions law to target computer hackers by early next year, the bloc's leaders are set to say on Thursday and will also seek a pledge from Russia and China to help stop cyber attacks, internal EU documents show. Russia has made cyber and electronic warfare part...
LONDON/ LUXEMBOURG, Oct 16- British Prime Minister Theresa May told her ministers on Tuesday they would secure a Brexit deal if they stood together, calling for a show of unity to silence those pressing her to rethink her strategy for leaving the European Union. A day before heading to Brussels for a summit, May is keen to show she has her cabinet's support after...
BERLIN, Oct 16- German investor morale darkened more than expected in October, a survey showed on Tuesday, as concerns about an escalating Sino-U.S. trade dispute and Britain crashing out of the EU without a divorce deal clouded the outlook for Europe's largest economy. "Expectations for the German economy are dampening above all due to the intensifying trade...
SINGAPORE, Oct 16- The U.S. dollar edged up on Tuesday after it was dented by weak U.S. retail sales data overnight, while New Zealand's currency gained on the back of stronger than expected inflation data. The benchmark U.S. 10 year yields consolidated at 3.16 percent on Tuesday, having hit a seven-year high of 3.26 percent on Oct. 9. "Even when U.S. equities were...
*Portugal gains investment grade rating from Moody's. LONDON, Oct 15- Portuguese and Italian government bond yields fell on Monday, outperforming euro zone peers after Moody's ratings agency upgraded Portugal by one notch, back to investment grade, and Italy's budget plans came back into focus. The move is unlikely to unlock major flows of capital as Portugal is...
*Safe havens yen, Swiss franc gain on tensions with Saudi Arabia. NEW YORK, Oct 15- The U.S. dollar dipped on Monday after retail sales data for September missed economists expectations, and as benchmark U.S. We had softer than expected retail sales, that was another leg of dollar selling, said Win Thin, global head of currency strategy at Brown Brothers Harriman in New...
*China and Japan stocks tumble in tough start to week for Asia. LONDON, Oct 15- World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. Japan's Nikkei and China's main bourses tumbled overnight as trade concerns...
*China and Japan stocks tumble in tough start to week for Asia. LONDON, Oct 15- World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. Japan's Nikkei and China's main bourses tumbled again overnight as trade concerns...
*European stocks sink after China, Japan again weaken. LONDON, Oct 15- World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. Asia had seen Japan's Nikkei and China's main bourses take fresh tumbles on trade and...
LONDON, Oct 15- The yen hit a one-month high and the Swiss franc gained on Monday as rising geopolitical tension and investor anxiety about the global economy left investors skittish at the start of the week. Equity markets fell on worries the ongoing Sino-U.S. trade dispute is hitting China's economy, while Saudi Arabian shares tumbled on rising tensions...
LONDON, Oct 15- Euro zone bond yields felt downward pressure on Monday as investors moved into less risky assets on lingering risk-events such as U.S.-Saudi tensions, Italy's budget and a lack of progress in Brexit talks. Escalating tensions between the United States and Saudi Arabia over the disappearance of Washington Post journalist Jamal Khashoggi, a...
Spreadbetters expected European stocks to open mixed, with Britain's FTSE edging up 0.15 percent, Germany's DAX dipping 0.1 percent and France's CAC losing 0.3 percent. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 percent while Shanghai shares were down 0.75 percent. Japan's Nikkei slumped 1.8 percent, with carmaker shares hitting 13-...
TOKYO, Oct 15- Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent while Japan's Nikkei dropped 0.9 percent.
*IMF says Italy needs to respect EU budget rules. *Moody's to review Portugal ratings. LONDON, Oct 12- German government bonds were set for their best week since August on Friday thanks to the equities rout, with dovish comments on the inflation outlook from ECB chief Mario Draghi supporting broader euro zone debt markets.
German Chancellor Angela Merkel has seen her grip on power wane following an inconclusive election a year ago. But nobody is sure who could succeed her.
BERLIN, Oct 11- Ministers from Chancellor Angela Merkel's conservatives attacked on Thursday a proposal by the Social Democrats to fine carmakers who fail to offer diesel hardware retrofits, opening a new battle front in their fragile coalition government. The government outlined plans earlier this month to cut pollution from diesel vehicles by asking...
BERLIN, Oct 10- German Chancellor Angela Merkel endorsed a hard-fought EU compromise deal for a 35 percent cut in car emissions by 2030, despite protests from her country's own automakers, which said the target was unrealistic and pursuing it would cost jobs. Torn between reducing pollution and preserving industry competitiveness, EU environment ministers...
BERLIN, Oct 10- Germany should fine carmakers if they fail to fix dirty diesel vehicles, a senior member of the Social Democrat coalition party said on Wednesday, accusing the transport minister of being too close to the auto industry. "The kid gloves need to come off," said Carsten Schneider, a senior figure in the centre-left SPD's parliamentary group, adding that...
BERLIN, Oct 2- The German government presented plans to cut pollution from diesel vehicles by asking carmakers to offer owners trade-in incentives and hardware fixes, prompting objections from environmental groups and grudging concessions from the industry. Owners of millions of older diesel vehicles in Germany's 14 most polluted cities should be able to...
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