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Europe News Europe

  • LONDON, July 23- Around 40 rig workers started a 24- hour strike on Monday on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption. The platforms halted production at 0500 GMT, said Unite, Britain's largest labour union. The fields account for about 10 percent of...

  • LONDON, July 23- Germany's 10- year bond yield rose to its highest level in just over a month on Monday, following a jump in Japanese government bond yields on reports that the Bank of Japan was debating moves to scale back its massive monetary stimulus. Japan's 10- year yield rose to a six-month high at 0.090 percent after sources told Reuters on Friday the BOJ was...

  • *China's Tsingshan opened stainless mill in Indonesia last year. BEIJING, July 23- China began an anti-dumping investigation on Monday into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints of damage to the local industry. The Commerce Ministry said the investigation will...

  • Nucala, already approved for treating severe asthma patients, is being reviewed by the FDA for reducing a sudden worsening of symptoms of chronic obstructive pulmonary disease. In documents posted https://www.fda.gov/downloads/AdvisoryCommittees/CommitteesMeetingMaterials/Drug s/ P u l m o n a r y- A l l e r g y D r u g s A d v i s o r y C o m m i t t e e/ U C M 6 1 4 1 3 8. p d f on...

  • *Ayatollah threatens Gulf oil supply if Iran exports blocked. NEW YORK, July 23- Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24- hour strike on three oil and gas platforms in the British North Sea. Late on Sunday night, Trump tweeted that Iran risked dire...

  • LONDON, July 23- Sterling fell to a three-week low against a resurgent yen on Monday after the Japanese currency received a boost from reports that the central bank was contemplating scaling back its stimulus. "The pound is fairly mixed on the whole with an early foray higher against the U.S. dollar being met with some resistance around the $1.3150 level," said...

  • LONDON, July 23- Doctor Copper has been having a rough time over the last few weeks. In London the price of copper for three-month delivery fell through the $6,000 per tonne level last week for the first time since July 2017. The Wednesday low of $5,988 per tonne marked a near 19- percent price implosion from June's high of $7,348.

  • OTTAWA, July 23- Canada's economic growth is strong and some housing market vulnerabilities have improved, but trade policy is a big risk to the outlook and the government should reform taxes to boost corporate competitiveness, the OECD said on Monday. The Paris- based Organisation for Economic Co-operation and Development said while GDP growth is projected...

  • OTTAWA, July 23- Canada's economic growth is strong and some housing market vulnerabilities have improved, but trade policy is a big risk to the outlook and the government should reform taxes to boost corporate competitiveness, the OECD said on Monday. The Paris- based Organisation for Economic Co-operation and Development said while GDP growth is projected...

  • *Trump's comment on Iran spurs safe-haven bid for yen. NEW YORK, July 23- The yen strengthened broadly on Monday following a Reuters report that the Bank of Japan was debating moves to scale back its massive monetary stimulus, spurring bids for the Japanese currency. "The market may be too complacent that the BOJ would be in this easy policy mode forever," said Omer...

  • LONDON, July 23- Russian companies are increasingly borrowing on rouble debt markets rather than selling Eurobonds, driving sales sharply higher this year but fears are growing that another round of U.S. sanctions will undercut the boom. The market has boomed since 2014, a major catalyst being the West's move that year to prevent a host of Russian companies,...

  • *Ayatollah threatens Gulf oil supply if Iran exports blocked. LONDON, July 23- Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24- hour strike on three oil and gas platforms in the British North Sea. Trump has said Iran risks dire consequences "the like of which few...

  • Alfredo Altavilla, chief operating officer for EMEA FCA with the new Stelvio, during the visit to the factory Alfa Romeo in Piedimonte San Germano on  November 24, 2016 in Cassino, Italy. 

    Fiat Chrysler's European boss has quit, adding to the problems facing new CEO Mike Manley who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars.

  • MILAN— The Latest on the sudden replacement of Fiat Chrysler CEO Sergio Marchionne:. Fiat Chrysler Automobiles says that the executive in charge of its business in Europe and the Middle East has resigned following long-time CEO Sergio Marchionne's early exit due to his deteriorating health. Shares in Fiat Chrysler Automobiles have dropped 4 percent in the...

  • July 23- Fiat Chrysler Automobiles NV says:. *ALFREDO ALTAVILLA TO STEP DOWN AS HEAD OF EUROPE BUSINESS. *GLOBAL BUSINESS DEVELOPMENT WILL NOW BE REALIGNED TO REPORT TO RICHARD PALMER, THE GROUP CFO Further company coverage:.

  • *Ayatollah threatens Gulf oil supply if Iran exports blocked. LONDON, July 23- Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24- hour strike on three oil and gas platforms in the British North Sea. Iranian Supreme Leader Ayatollah Ali Khamenei on Saturday backed a...

  • *Threats of further U.S.- China tariffs hit European shares. LONDON, July 23- Signs that the Bank of Japan might scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks and U.S. futures slipped as threats of further U.S. tariffs on China drained risk appetite. Europe's bond yields climbed after a...

  • People wave Chinese and Senegalese flags upon the arrival of Chinese President Xi Jinping on July 21, 2018, in Dakar, Senegal.

    Chinese President Xi Jinping visited the West African country of Senegal over the weekend, building trade ties which could bear fruit in terms of China’s access to U.S. markets.

  • LONDON, July 23- The yen trimmed early gains on Monday as traders consolidated positions after reports the central bank was debating moves to scale back its massive monetary stimulus ignited a brief rally in the Japanese currency. "We had a big move in the yen on the back of the spike in bond yields but with inflation low and corporate profitability momentum...

  • President of Iran Hassan Rouhani addresses during the cabinet meeting in Tehran, Iran on December 31, 2017.

    Iranians shrugged off the possibility that a bellicose exchange of words between President Donald Trump and his Iranian counterpart could escalate into military conflict.