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Europe News Europe

  • SAO PAULO, Dec 13- Brazil's government on Wednesday published a decree laying out procedures importers will have to follow to be able to buy and unload Russian wheat in Brazil, a step aimed at improving trade ties with Moscow. The decree, which takes effect immediately, outlines the documents importers will have to submit to bring Russian wheat to be processed in...

  • PARIS, Dec 13- Dassault Aviation SA said on Wednesday it was scrapping development of its Falcon 5 X business jet due to delays and technical problems with its French-supplied engines and pledged to launch a new model powered by a rival Canadian supplier. The unnamed new aircraft will appear in 2022 and will be powered by engines from Pratt& Whitney Canada, a...

  • *Secretive talks between Merkel's party and SDP. *Both parties lost heavily in September election. BERLIN, Dec 13- Chancellor Angela Merkel's conservatives said they were willing to open formal talks on forming a government with Germany's Social Democrats- but her chosen partner was expected to take two more days to decide how to proceed.

  • BUENOS AIRES, Dec 13- The World Trade Organization's biennial meeting ended in stalemate on Wednesday after U.S. criticism and member country vetoes, raising questions about the body's ability to govern increasingly disputed global trade. She said the United States was partly to blame, but other countries also held up progress. Some 70 member countries,...

  • Dec 13- Ford Motor Co has told suppliers it plans to shift production of midsize Fusion and Mondeo sedans out of Mexico and Spain in 2020 and move it to China, three sources said on Wednesday. The automaker said it will not ship those cars from China to the United States and Europe. Ford said in a statement "we have no plans to export the next-generation Fusion/Mondeo...

  • *Dollar drops, Wall Street extends gains after rate hike. NEW YORK/ LONDON, Dec 13- Gold prices rose on Wednesday, extending gains to 1 percent as the dollar fell after the U.S. The spot gold price rallied to $1,256.87 after the Fed raised its benchmark interest rates by 25 basis points, or a quarter of a percentage point.

  • BUENOS AIRES, Dec 13- Mexico and the European Union could reach a framework for a trade deal by the end of the year, though differences remain over agricultural market access, Mexican Economy Minister Ildefonso Guajardo said on Wednesday. Mexico has been aiming to reduce its reliance on U.S. imports and exports since the election of U.S. Mexico and the 28- member...

  • Dec 13- Ford Motor Co plans to consolidate global production of midsize sedans in China in 2020, three sources said on Wednesday. In North America, the Fusion sedan currently is built in Hermosillo, Mexico, while in Europe, the companion Mondeo sedan is built in Valencia, Spain. Ford in June said it would shift some production of its Focus small car from Mexico to...

  • *World stocks reach record high. NEW YORK, Dec 13- A gauge of world shares rose to further record highs after the Federal Reserve announced a widely expected interest rate hike on Wednesday, while U.S. Kate Warne, investment strategist at Edward Jones in St. Louis, said the Fed's statement was "pretty much as expected" but slightly more dovish.

  • Anadolu said the FBI official was summoned following testimony given by Huseyin Korkmaz in the trial of a former executive at Turkish state-run bank Halkbank, who is charged with taking part in a scheme to help Iran evade U.S. sanctions. State Department spokeswoman Heather Nauert confirmed that an FBI attache at the U.S. Embassy "had been brought in to the...

  • LONDON, Dec 13- Prime Minister Theresa May's government was defeated on Wednesday, when lawmakers forced through changes to its Brexit blueprint that ministers said could endanger Britain's departure from the European Union. Members of Parliament are debating the EU withdrawal bill, which will repeal the 1972 legislation binding Britain to the EU and copy...

  • PARIS, Dec 13- Dassault Aviation said on Wednesday it was scrapping development of its Falcon 5 X business jet due to delays and technical problems with its French-supplied engines and pledged to launch a new model powered by a rival Canadian supplier. The unnamed new aircraft will appear in 2022 and will be powered by engines from Pratt& Whitney Canada, a...

  • He also pleaded guilty on Wednesday in federal court in New Jersey to hacking that repeatedly shut down the Rutgers University computer system between 2014 and 2016, paralyzing the school's networks for days at a time. Two other individuals, Josiah White, 20, and Dalton Norman, 21, also pleaded guilty to charges related to the development and use of Mirai for...

  • *Britain's biggest pipeline likely to be shut for several weeks. NEW YORK, Dec 13- Oil prices slipped for a second straight day on Wednesday, as a slump in U.S. crude stockpiles was offset by a larger-than-forecast rise in gasoline inventories and as U.S. crude output continued to grow to record highs. Usually in this time of year you see a little bit more demand, "said...

  • CHICAGO, Dec 13- U.S. wheat and corn futures rose on Wednesday, bouncing from contract lows hit the previous session as traders covered short positions, traders said. Chicago Board of Trade soft red winter wheat notched the biggest gain, rising 1.4 percent, which was the biggest gain for the most-active contract in percentage terms in three months.

  • ISTANBUL, Dec 13- Turkish police summoned a Federal Bureau of Investigation official on Wednesday over statements made in a U.S. court by a former Turkish police investigator who fled the country last year, the state-run Anadolu Agency said. Anadolu said the FBI official was summoned following testimony given by Huseyin Korkmaz in the trial of a former...

  • BUENOS AIRES, Dec 13- Trade ministers looked set to wrap up their biennial World Trade Organization meeting on Wednesday without any new agreements after criticism of the agency by the United States, once the WTO's driving force. Ministers gathered in Buenos Aires were never expected to agree on major trade reforms, but even relatively minor proposals on...

  • COPENHAGEN/ LONDON, Dec 13- Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority stakes in both firms. "Primestone Capital owns more than 5 percent of both Tennant and Nilfisk and believes a combination of the two will generate extraordinary...

  • TOULOUSE/ PARIS, Dec 13- Airbus is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with the group said. Chief Executive Tom Enders has indicated he will not stay beyond his current term which ends in 2019, Le Figaro...

  • TOULOUSE/ PARIS, Dec 13- Airbus is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with the group said. Chief Executive Tom Enders has indicated he will not stay beyond his current term which ends in 2019, Le Figaro...