MEXICO CITY— Mexico and the European Union reached a deal to update their nearly 20- year-old free trade agreement on Saturday, including the elimination of tariffs on a number of Mexican agricultural products. Mexico is in ongoing talks with the United States and Canada on overhauling the North American Free Trade Agreement. It said that since the accord took...
WASHINGTON, April 20- The European Union needs to be exempted from steel and aluminum tariffs announced by the United States in order to work with Washington on trade with China, France's Finance Minister Bruno Le Maire said on Friday. We cannot live with a kind of sword of Damocles hanging over our heads, " Le Maire told a press conference during the International...
BRUSSELS, April 20- ArcelorMittal, the world's largest steelmaker, is on track to win EU antitrust clearance to acquire Italian peer Ilva after agreeing to sell a number of significant assets across Europe, two people familiar with the matter said on Friday. ArcelorMittal has offered to sell its only galvanized steel plant in Italy, as well as units in Romania,...
Hungary and Poland's 10- year yields rose by 2 basis points to 2.48 and 3.063 percent respectively, with their yield curve steepening. Hungary's advance was not linked to either gross wages data, which again showed double-digit annual growth, or to comments from Prime Minister Viktor Orban highlighting tension with Brussels, market participants said.
BUDAPEST, April 20- Long-term yields in some Central European markets tracked a rise in euro zone peers on Friday, while a 3- year bond auction in Serbia was expected to draw strong demand. Poland's 10- year yield rose 2 basis points from Thursday's close to 3.061, and Hungary's equivalent yield, at 2.49 percent, was 3 bps above Thursday's fixing.
BRUSSELS/ SAO PAULO, April 19- Europe's decision to ban meat imports from several Brazilian suppliers affects 30 to 35 percent of the country's exports to the bloc and will force companies to find new markets while officials work to reverse the measure, Brazil's Agriculture Minister said. The European Union on Thursday suspended imports of Brazilian meat...
BRUSSELS/ SAO PAULO, April 19- European Union states unanimously voted on Thursday to ban imports of Brazilian meat products, mostly poultry, dealing a blow to the South American country's largest chicken processor, BRF SA. The European Commission said the ban involved 20 Brazilian establishments that have been so far authorised to export into the EU.
BRUSSELS _ Wabco Holdings Inc. on Thursday reported first-quarter profit of $100.7 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share. Wabco expects full-year earnings in the range of $7.30 to $7.80 per share, with revenue in the range of $3.89 billion to $4.01 billion.
BRUSSELS— The European Parliament is repeating a call for Facebook CEO Mark Zuckerberg to testify about the internet giant's data privacy scandal, after Zuckerberg offered to send a subordinate in his place. In a letter to Zuckerberg on Wednesday, the EU assembly's president, Antonio Tajani, said political group leaders "stressed the absolute need of your...
BERLIN, April 18- German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president. His vision includes turning Europe's existing ESM bailout fund into a European Monetary Fund. At one point, Macron also suggested the zone should...
LONDON, April 18- A European decision to exclude Britain from the EU's drug approval system from March 30 2019- the day after Brexit- has raised alarm among drugmakers, who fear the abrupt change could disrupt medicine supplies to patients. The move confounds hopes for continued joint cooperation via the European Medicines Agency, at least during a transition or...
BRUSSELS— European Union lawmakers called Wednesday for the appointment of a top EU official to be reconsidered amid a scandal that has raised questions about the accountability of civil servants in Brussels. The lawmakers said in a resolution that Martin Selmayr, a protege of European Commission President Jean-Claude Juncker, was named secretary general...
SINGAPORE/ KUALA LUMPUR, April 18- Malayan Banking Bhd, Malaysia's biggest bank, is preparing to spin off and list its Etiqa insurance arm on the local stock exchange, sources with knowledge of the matter said on Wednesday. Etiqa, which operates in Malaysia, Singapore, the Philippines and Indonesia, is estimated to be worth at least $1 billion, two sources said.
LONDON, April 18- Cocoa futures were higher on Wednesday, boosted by a stronger-than-expected first quarter grind in Europe, while raw sugar turned higher after touching a fresh 2-1/ 2 year low. *July New York cocoa was up $17, or 0.6 percent, at $2,721 a tonne at 1121 GMT. *Europe's first-quarter cocoa grind rose 5.5 percent from the same period last year to 358,432...
SINGAPORE/ KUALA LUMPUR, April 18- Malayan Banking Bhd, Malaysia's biggest bank, is preparing to spin off and list its Etiqa insurance arm on the local stock exchange, sources with knowledge of the matter said on Wednesday. Etiqa, which operates in Malaysia, Singapore, the Philippines and Indonesia, is estimated to be worth at least $1 billion, two sources said.
BRUSSELS— Belgian authorities are investigating whether three companies might have been involved in the illegal export to Syria of a chemical that could be used in the production of sarin gas. Finance Minister Johan Van Overtveldt told The Associated Press the case against the companies is to come to court on May 15 for opening proceedings in the port city of...
*EU puts forward trade deals with Japan, Singapore. BRUSSELS, April 18- The European Commission put forward a proposed free-trade agreement with Japan for fast-track approval on Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade pact with Canada two years ago. The European Union and Japan concluded negotiations to create the...
BRUSSELS— Europe's top trade official said Wednesday that new U.S. steel and aluminum tariffs are distorting global trade and could damage hopes for economic growth. Cecilia Malmstrom, the European Union's trade commissioner, also said the bloc would not offer any concessions in order to be exempt from the U.S. import duties ahead of a May 1 deadline in talks.
BRUSSELS, April 18- The European Commission will put forward a proposed free-trade agreement with Japan for fast-track approval on Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade pact with Canada two years ago. The European Union and Japan concluded negotiations to create the world's largest economic area in December,...
*The United States recently passed similar law. BRUSSELS, April 17- Technology companies such as Google, Microsoft and Facebook will be forced to hand over users' data to European law enforcement officials even when it is stored on servers outside the bloc, under a law proposed by the EU on Tuesday. "Electronic evidence is increasingly important in criminal...
