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  • *China hosting Belt and Road summit in Beijing April 25-27. BEIJING, April 19- China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government's top diplomat said on Friday. Beijing will host a Belt and Road summit next...

  • BEIJING, April 19- China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government's top diplomat said on Friday. Beijing will host a Belt and Road summit next week which 37 foreign leaders will attend, including some...

  • The U.S. dollar gained on Thursday on strong retail sales data, while the euro was dented by weak manufacturing data in the region.

  • *OPEC may hike output if prices increase, shortages mount-sources. NEW YORK, April 11- Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying. "Now there is a suggestion that OPEC may surprise us and raise production pre-emptively if we get a price spike," said Phil Flynn,...

  • ZURICH, April 11- Three Germans on trial in Switzerland for helping expose a tax-stripping scheme that cost European governments billions of euros will likely avoid prison after a verdict on Thursday that fell well short of prosecutors' demands. The men, Stuttgart- based lawyer Eckart Seith and two former employees of Basel- based Bank J. Safra Sarasin, had faced...

  • *OPEC production down 550,000 bpd in March- IEA. *Global markets remain tight on OPEC cuts, U.S. sanctions. LONDON, April 11- Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC- led cuts and freefalling Venezuelan output tightened global supplies.

  • BRUSSELS, April 11- Construction of Russia's Nord Stream 2 pipeline to Germany is bound to face further long delays, forcing Moscow to come to an agreement with Ukraine on future gas transits, a senior EU official said on Thursday. The 11 billion euro project to build a gas pipeline from Russia to Germany has come under fire from the United States and several...

  • *OPEC production down 550,000 bpd in March- IEA. *Global markets remain tight on OPEC cuts, U.S. sanctions. LONDON, April 11- Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC- led cuts and freefalling Venezuelan output tightened global supplies.

  • *OPEC production down 550,000 bpd in March- IEA. *Global markets remain tight on OPEC cuts, U.S. sanctions. LONDON, April 11- Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC- led cuts and freefalling Venezuelan output tightened global supplies.

  • VIENNA, April 10- Austria's right-wing government plans to force large social and traditional media to verify their users' identity so that individuals can be tracked down if they post hate speech online anonymously, it said on Wednesday. Culture and media minister Gernot Bluemel said the bill, which he expects to come into force in September next year, was the...

  • PARIS, April 9- Airbus dismissed more than 100 people and issued more than 300 warnings for ethics or compliance reasons in 2018, two people familiar with the company data said, as it conducts a wide-ranging internal crackdown and deals with outside fraud probes. The aerospace group is being investigated by UK and French authorities over suspected corruption...

  • ST PETERSBURG, Russia, April 9- President Vladimir Putin said on Tuesday that Russia and OPEC should discuss the future of their oil output-cutting deal later this year, adding that current oil prices suited Moscow. The Organization of the Petroleum Exporting Countries and other large oil producers led by Russia agreed to reduce their combined output by 1.2...

  • VIENNA, April 4- As carmakers push ahead with self-driving vehicles, an Austrian aerospace company and its Chinese partner showed off their pilot-less "flying taxi" for the first time in Europe on Thursday. The drone's 16 propellers hummed loudly as it rose above the pitch at Vienna's Generali Arena, home to soccer club Austria Wien. FACC says it has already...

  • *UK's May invites Labour to break deadlock, talks at 1330 GMT. LONDON, April 3- British Prime Minister Theresa May was set to seek a Brexit compromise with opposition leader Jeremy Corbyn on Wednesday, a gamble that could see a European Union divorce deal finally clear parliament but also tear her party apart. After her EU withdrawal deal was rejected three times by...

  • PARIS, April 2- A retirement pot of almost 40 million euros for outgoing Airbus Chief Executive Officer Tom Enders is excessive and may harm the company's image, France's finance minister said in remarks published on Tuesday. "The figure announced regarding Tom Enders is obviously excessive and could harm the reputation of Airbus," Finance Minister Bruno le...

  • Mattes, 46, who lives in Wels, Austria, also told at least one investor he was not selling his shares because there was "lots of great stuff coming up" at the privately held company and "he'd be stupid to sell at this point," the SEC said. The SEC said Mattes agreed to disgorge $16.76 million including interest and pay a $640,000 civil penalty. Former Chief Financial...

  • BUCHAREST, April 1- Romania's new energy regulations risk undermining plans by companies to develop big offshore gas projects in the Black Sea, putting billions of dollars of revenue at risk and squandering a chance to challenge Russia's Gazprom in the region. OMV Petrom, which is developing a Romanian gas field with ExxonMobil, said key conditions for the...

  • JOHANNESBURG, March 28- Steinhoff has sold a majority stake in its South African auto dealerships unit, it said on Thursday, days after selling its stake in a local industrial group to shore up its finances following a devastating accounting fraud. The company said it had reached an agreement to sell a 75 percent stake in Unitrans, which runs one of South Africa's...

  • VIENNA, March 28- PSA Group's Opel plans to cut 350-400 of 1,200 jobs at its Austrian production site in Vienna due to the expiration of a large order for gearboxes, the head of the Vienna works council told ORF radio on Thursday. PSA bought Opel and its British sister brand Vauxhall from General Motors in 2017 in a $2.6 billion deal. Last year, Opel posted its first...

  • FRANKFURT, March 27- German chipmaker Infineon cut its 2019 revenue forecast on Wednesday for the second time in as many months, as declining vehicle sales in China, the world's largest car market, hit its automotive division. "A number of end markets continue to be sluggish; in particular, the trend of declining vehicle sales in China has accelerated in February,...