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Europe News Europe

  • NEW YORK, July 20- The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises. Wall Street and European stock markets stalled, despite good corporate earnings, after Trump threatened to impose...

  • July 20- The Canadian dollar rose against a broadly weak U.S. dollar on Friday after strong inflation and retail sales data reinforced expectations for another interest rate hike by the Bank of Canada this year. Canada's annual inflation rose last month to its highest level in more than six years, while retail sales in May posted their biggest increase in seven...

  • NEW YORK, July 20- Oil prices rose on Friday as a weakening dollar and lower expected August crude exports from Saudi Arabia supported the market, offsetting concerns about U.S.- China trade tensions and supply increases. "The dollar was a one-way ticket for the last couple of weeks and basically reversed directions, giving us some strong support," said Phil Flynn,...

  • July 20- GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company's board to spin off its consumer division, the Financial Times reported on Friday. GSK Chairman Philip Hampton has been in discussions with the group's biggest shareholders about the creation of a standalone pharma and vaccines company in the medium term,...

  • HOUSTON, July 20- Italy's imports of U.S. crude oil vaulted to a record in June after attacks by armed groups shuttered two major Libyan oil ports and cut off most deliveries from the OPEC country, a key supplier to Europe, according to Thomson Reuters trade flow data and shipping intelligence firm Kpler. Eight vessels left the U.S. Gulf Coast for Italy last month...

  • NEW YORK, July 20- Oil prices rose on Friday as a weakening dollar and lower expected August oil exports from Saudi Arabia supported the market, offsetting concerns about U.S.- China trade tensions and supply increases. "The dollar was a one-way ticket for the last couple of weeks and basically reversed directions, giving us some strong support," said Phil Flynn,...

  • *Wall St flat, Europe equities dip, Asia supports. NEW YORK, July 20- The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings. He also lamented the strength of the dollar and accused the...

  • NEW YORK, July 20- U.S. The Fed has raised rates twice this year and is expected to raise rates a couple more times by year end which may attract more foreign into the U.S. dollar with monetary policy remaining loose in Europe and Japan, analysts said. But investors and traders attribute some of the gains to the Trump administration's tax cuts which are widening the...

  • *U.S. Air Force set up integration office for Europe. The new warplane's high-end sensors will give it a bigger role across all domains of war than previous fighter planes, including in missile defence, said General Tod Wolters, the top commander of U.S. and NATO air forces in Europe. Norway, Britain and Italy will have received 40 F-35s in Europe by the end of the year,...

  • LONDON, July 20- British businessman Arron Banks has denied an allegation made by a former business partner that he approached Russians about investing in his diamond mines, and that the money raised went instead to his campaign to leave the European Union. Banks, who ahead of the Brexit referendum financed Leave.EU, a campaign led by Nigel Farage, then the leader...

  • *Roche does not plan to reverse July 1 hikes, unlike Pfizer. ZURICH, July 20- European drugmakers Roche, Bayer and Merck KGaA became the latest companies to freeze prices in the United States for the rest of 2018 following criticism by President Donald Trump over the cost of medicine. "Last week on July 11, we communicated to the U.S. Department of Health and Human...

  • Traders focused on drought-reduced harvest prospects in Europe and the Black Sea region that are set to tighten global supplies of wheat. Countries like Germany and Ukraine are also expected to suffer losses from dryness. "You take major exporters of the world all having production issues at the same time, and it sets up well for our potential exports," said Ted...

  • NEW YORK, July 20- Oil prices edged up on Friday as a weakening dollar and lower expected August oil exports from Saudi Arabia supported the market, offsetting concerns about U.S.- China trade tensions and supply increases. Brent crude was up 34 cents at $72.92 a barrel by 1:23 p.m. EDT. West Texas Intermediate crude for August delivery was up 79 cents at $70.25 a...

  • Spot prices for September delivery in Asia were assessed at $9.50 per million British thermal units, down 50 cents from the previous week. In the world's three-biggest LNG importers Japan, China and South Korea demand weakened or was set to drop later in the year. Two Arctic shipments from Russia's Yamal project flowed to China as ice melt along the Northern Sea...

  • BERLIN, July 20- Chancellor Angela Merkel, vowing to stay in office despite stresses at home and abroad, said she would work on Germany's "under pressure" relationship with the United States but that Washington could no longer be relied on to deliver world order. At a wide-ranging news conference, Merkel described Germany's relationship with the United States as "...

  • *Italy bond yield rise on political noise. *Lawmaker Borghi: Italy will leave euro sooner or later. LONDON/ MILAN, July 20- Italian government bond yields rose on Friday after local media reported on tensions within the ruling coalition and a newspaper interview with a lawmaker raised more concerns about Rome's commitment to the euro.

  • ABU DHABI, July 20- China and the United Arab Emirates signed a raft of financial, business and trade agreements on Friday during a visit by President Xi Jinping to the UAE, underscoring energy-hungry Beijing's rapidly growing interest in the Middle East. As both a major energy exporter and a hub for international trade, the UAE is an important part of Xi's "Belt and...

  • MOSCOW— Russia's space agency is confirming that federal security agents have searched two of its daughter operations, following a report that their workers were suspected of treason for cooperating with the West. The respected business newspaper Kommersant reported Friday that a criminal case for treason had been filed in connection with the alleged...

  • The shares of the Detroit Three automakers have been drifting down as Trump has escalated trade threats against China and Europe. So far, in a bid to reduce America's trade deficit with China and protect U.S. industries, Trump has imposed tariffs on steel and aluminum imports, and on a range of Chinese goods including Chinese-made vehicles, starting July 6.

  • As complaints mounted and demand slipped, it stopped Essure sales in Canada, Europe, South America, South Africa and the United Kingdom. In May, the FDA said doctors must show women a checklist of the device's risks before implanting it. One of them, Amanda Rusmisell, of Charlotte, North Carolina, said she's "immensely thrilled" by Bayer's action.