PARIS, Jan 17- Germany's Siemens and France's Alstom agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. His outspoken intervention reflects a frustration in Paris and some other European capitals that the EU's competition laws no longer reflect modern-day geopolitical realities, and in particular the threat from...
MOBILE, Ala., Jan 16- The chief executive of European planemaker Airbus said on Wednesday British ministers had expressed a "certain degree of optimism" that Britain would not leave the European Union without a transition deal. Asked in the United States whether businesses had received assurances that Britain would not leave the EU without a deal, Airbus Chief...
*UK PM May wins confidence vote, Brexit remains unclear. NEW YORK, Jan 16- U.S. Treasury yields rose on Wednesday as stronger-than-forecast results from two major U.S. banks lifted Wall Street to one-month highs and British Prime Minister Theresa May's win of a confidence vote, reducing safety bids for U.S. government debt.
*Firms urge UK government to avoid no-deal Brexit. LONDON, Jan 16- Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agreement that would have secured tariff-free trade and safeguarded...
LONDON, Jan 16- Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agreement that would have secured tariff-free trade and safeguarded just-in-time cross-border supply chains was...
LONDON, Jan 16- British government bond prices slid on Wednesday as investors bet that Prime Minister Theresa May's crushing Brexit defeat in parliament would force her to take a softer tack on Brexit, boosting the chance of Bank of England rate rises this year. May was defeated by 230 votes when she put the Brexit deal she negotiated with Brussels to a vote on...
SOFIA, Jan 16- Bulgaria's parliament approved the government's plan to start talks with the United States on buying eight new F-16 fighter jets to replace its ageing Soviet-made MiG-29s and improve compliance with NATO standards. Defence Minister Krasimir Karakachanov, who has conceded that the United States' bid exceeded the budget by 300 million levs, said...
LONDON, Jan 15- British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave. After parliament voted 432-202 against her deal, the worst defeat in modern British history, opposition Labour...
NEW YORK, Jan 15- Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China's economy, while the euro declined against the U.S. dollar following weak German economic data. President Trump talked up chances of a China trade deal and Chinese officials then came out in force hinting at more stimulus for their slowing economy.
NEW YORK, Jan 15- Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China's economy, while the euro declined against the U.S. dollar following weak German economic data. Stocks in Shanghai and Hong Kong surged almost 2 percent after U.S. It is going to set the tone in negative fashion for fourth-quarter earnings, "said Art Hogan, chief...
*Italy to bonds stead as 15- year syndication launched. Italy, meanwhile, priced its first syndicated bond deal in a year. While this allays investor concerns that Germany would slip into recession and undermine the European Central Bank's plan to gradually end crisis stimulus measures, it has only done so by the skin of its teeth.
MILAN/ LONDON, Jan 15- Italy raised 10 billion euros on Tuesday in its biggest ever syndicated bond sale, drawing total investor orders of more than 35.5 billion euros, a lead manager at one of the banks that helped sell the debt said. Demand for the 15- year bond was buoyed by the resolution last month of a protracted row between Rome and the European Commission over...
*JP Morgan earnings miss scuffs Wall Street futures. LONDON, Jan 15- Spluttering noises from Germany and an earnings miss from banking giant JP Morgan dragged back stocks on Tuesday, while Britain's pound hovered near a two-month high ahead of a crucial parliamentary vote on Brexit. Most European markets started in good spirits after attempts by Washington and...
MILAN, Jan 15- Italy launched a 15- year bond sale on Tuesday, its first syndicated debt issue in a year, testing market sentiment after the government agreed to cut its budget deficit target for this year following a protracted row with Brussels. Rome agreed in late December to re-draft its budget for 2019, resolving its dispute with the European Commission and...
*Italy hires banks for new 15- yr bond deal. LONDON, Jan 14- Record investor demand for the year's first wave of euro zone government bond sales sets the stage for new debt issuance from Italy and Spain, whose debt agencies are keen to capitalize on the conducive environment, bankers said. Spain is expected to follow with a syndicated bond next week, bankers told...
*Italy hires banks for new 15- yr bond deal. LONDON, Jan 14- Record investor demand for the year's first wave of euro zone government bond sales sets the stage for new debt issuance from Italy and Spain, whose debt agencies are keen to capitalise on the conducive environment, bankers said. Spain is expected to follow with a syndicated bond next week, bankers told...
LEKU, Ethiopia/ LONDON, Jan 14- In the verdant southern highlands of Ethiopia, coffee farmer Gafeto Gardo is thinking about calling time on an industry that has sustained families for generations. Over the past year, the amount Gafeto gets for a kilogram of coffee beans has fallen a third to 8 birr, or just 29 cents, reducing his income from a cappuccino sold in the West...
*Italy yields fall after bond sales go well. LONDON, Jan 11- Italian government bond yields fell sharply on Friday following the successful sale of 6.5 billion euros of its debt, wrapping up the busiest week for euro zone bond issuance in three years. Italy sold three-, seven and 30- year bonds at the top end of its planned range.
LONDON, Jan 11- The pound jumped on Friday on growing expectations that Britain will seek to delay its scheduled departure date from the European Union. A denial by Prime Minister Theresa May's spokeswoman of a newspaper report knocked sterling off highs but it remained up on the day, with analysts citing a growing sense among some investors that Britain will...
By Joanna Plucinska, Karol Witenberg and Jack Stubbs. WARSAW/ LONDON, Jan 11- Poland has arrested a Chinese employee of Huawei and a former Polish security official on spying allegations, officials and sources told Reuters on Friday, a move that could fuel Western security concerns about the telecoms equipment maker. Huawei, the worlds biggest producer of...
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