Europe News Europe

  • *Revolut raises $500 mln in Series D round. LONDON, Feb 25- Digital banking app Revolut has raised $500 million in a fresh funding round, confirming the British-based business as one of the world's most valuable financial technology firms with a valuation of $5.5 billion. Revolut, which employs 2,000 people, said it would use the fresh funding to roll out new...

  • BEIJING/ SEOUL, Feb 24- The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities. While health experts have expected limited outbreaks...

  • Feb 24- State-run PDVSA has shifted several oil cargoes from Rosneft Trading SA, which was hit by U.S. sanctions last week, to another affiliate of the Russian oil giant, internal documents from the Venezuelan company showed, prompting the U.S. special envoy to warn that more firms could be penalized if they "play games." Rosneft absorbed TNK Trading International...

  • Feb 24- The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities. *The virus has infected nearly 77,000 people and killed more than 2,500...

  • Venezuela's socialist President Nicolas Maduro remains in power a year after Washington recognized opposition leader Juan Guaido as the legitimate president, and has worked to push Maduro out. Maduro has retained the support of Russia and China. Special Representative for Venezuela Elliott Abrams told Reuters in an interview that there will be more...

  • *Italy infections jump to 220, 7 dead. BEIJING/ SEOUL, Feb 24- The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities.

  • *European stocks tumble, Italy down more than 5% after virus spread. NEW YORK, Feb 24- Stocks across the globe were on track to fall by the most in two years on Monday and oil prices tumbled as a jump in coronavirus cases outside of China drove investors to the perceived safety of gold and government bonds on fears of the impact to the global economy.

  • *Coronavirus cases jump in South Korea, Italy and Iran. NEW YORK, Feb 24- Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude. Global equities also extended losses as worries about the impact of the virus grew, with the number of cases jumping in Iran,...

  • LONDON, Feb 24- Bank of America has appointed Jérôme Morisseau as its head of investment banking for France as it seeks to bolster its Paris franchise and win more business from large French clients, a memo seen by Reuters said. The appointments are part of a top level management reshuffle in Paris and follow the recent departures of senior deal-makers Bernard...

  • LONDON, Feb 24- The Bank of England's chief economist Andy Haldane said on Monday he did not think the trade war between the United States and China meant globalisation had come to an end. Speaking to an audience in central London, Haldane said: "Im not yet at the point of calling peak globalisation". Despite higher tariffs between the United States and China,...

  • LONDON, Feb 24- The Bank of England's chief economist Andy Haldane said on Monday he did not think the trade war between the United States and China meant globalization had come to an end. Speaking to an audience in central London, Haldane said: "Im not yet at the point of calling peak globalization." Despite higher tariffs between the United States and China,...

  • BANK OF ENGLAND'S HALDANE SAYS SURVEYS SUGGEST THERE COULD BE' STIRRING IN THE UNDERGROWTH' REGARDING UK COMPANIES' INVESTMENT PLANS.

  • BANK OF ENGLAND'S HALDANE SAYS A LOT OF POLITICAL AND BREXIT UNCERTAINTY HAS DISSIPATED IN UK.

  • BANK OF ENGLAND'S HALDANE SAYS GOVERNMENT NEEDS TO CONSIDER IF' SOCIAL RETURN' OF SPENDING IS GREATER THAN NEAR-ZERO COST OF CAPITAL.

  • BANK OF ENGLAND'S HALDANE SAYS HE DOES NOT THINK WE HAVE HIT PEAK GLOBALISATION.

  • BANK OF ENGLAND'S HALDANE SAYS DOES NOT SEE OVERSTRETCHED BALANCE SHEETS OR ASSET BUBBLES GENERALLY AROUND THE WORLD.

  • *Italy infections jump to 150, 6 dead. BEIJING/ SEOUL, Feb 24- With coronavirus cases rising in Italy and several Middle East countries dealing with their first infections, fears of a global pandemic sent markets into a tailspin, even as China eased curbs with no new cases reported Beijing and other cities. But China's actions, especially in Wuhan, had probably...

  • *European stocks tumble, Italy down more than 5% after virus spread. NEW YORK, Feb 24- Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5% as a jump in coronavirus cases outside of China sent investors scrambling to the security of gold and government bonds on fears of the impact to the global economy.

  • PARIS/ LONDON, Feb 24- European budget airlines bore the brunt of Monday's plunge in global stock markets as the arrival of the coronavirus in Italy pointed to a longer, deeper crisis than many have banked on. EasyJet dropped 16.4% and Ryanair 13.5% as airlines were forced to reassess the fallout from the rapid spread of the COVID-19 virus across Asia and beyond,...

  • BRUSSELS, Feb 24- The 27 European Union countries expect to adopt on Tuesday their negotiating mandate for talks about their relationship with Britain after Brexit, paving the way for the launch of talks as early as next week, a senior EU diplomat said on Monday. Britain left the EU on Jan. 31 and the two sides have been talking tough in the run-up to a new round of...