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Europe News Europe

  • President Donald Trump's rejection of the Paris climate accord. Trump has expressed skepticism about global warming and said the Paris accord would hurt U.S. business. President Donald Trump's rejection of the Paris climate accord.

  • ZURICH, Dec 11- Zurich Insurance has agreed to buy ANZ's OnePath Life insurance businesses for 2.85 billion Australian dollars, the Swiss company said on Monday.

  • PARIS, Dec 11- French state-owned utility EDF announced on Monday plans for a big push into solar energy in France that is likely to cost around 25 billion euros as the government tries to meet its climate goals. France wants to reduce the share of nuclear in power generation from 75 percent today to 50 percent by around 2035 and wants to massively boost renewables...

  • BRASILIA, Dec 11- Free-trade talks between the European Union and South American trade bloc Mercosur still face hurdles over beef and ethanol, and an expected deal announcement this week might not happen, officials involved in negotiations said on Monday. Mercosur diplomats involved in the talks on the sidelines of the World Trade Organization minister's...

  • *S&P, Dow open flat after New York blast. New York, Dec 11- The S&P 500 and the Dow Jones Industrial Average opened flat on Monday after news of an explosion in New York's busy Port Authority commuter hub, while stocks rose around the world on continued solid global economic growth indicators. "Theres somewhat of an enthusiasm that global growth is more synchronized...

  • *Portugal yield at 2-1/ 2 year low on potential Fitch upgrade. *New York explosion causes brief jitters. LONDON, Dec 11- The gap between benchmark German and U.S. 10- year bond yields was close to its widest since April on Monday, as the fiscal and policy paths of two of the world's leading economies diverge.

  • *Output rise undermines OPEC- led efforts to tighten market. NEW YORK, Dec 11- Oil prices rose Monday, reversing earlier declines, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York. The market had expected the pipeline to return to service quickly and was surprised by the extended shutdown, said John...

  • PARIS— French President Emmanuel Macron is hosting an international summit Tuesday to mark the second anniversary of the Paris climate agreement, hoping to inject the pact with new energy after President Donald Trump announced the U.S. would withdraw from it. Climate campaigner Mohamed Adow of the group Christian Aid says one important step would be for the...

  • HELSINKI— South Korea's arms sales hit record levels last year, pushed by the continuous military threat from North Korea, complicated relations with China and a government decision to increase domestic arms production, a Swedish think tank said Monday. The Stockholm International Peace Research Institute, or SIPRI, reported that arms sales by South Korean...

  • LONDON, Dec 11- Sterling steadied on Monday after posting its biggest daily drop in more than a month on Friday, with investors cautiously adding some long bets at the start of a week when Britain and the EU will sign off on a deal to move to the next stage of Brexit talks. Sentiment on sterling has improved slightly and investors have become a tad more hopeful for the...

  • MILAN, Dec 11- Index provider FTSE Russell said on Monday it had selected 22 groups listed on the Milan bourse to create a new index, aimed at investors betting on performance of Italy's top-tier brands. The so-called FTSE Italia Brands will include carmakers Fiat Chrysler and Ferrari, eyewear specialist Luxottica Group, food and beverage groups Autogrill and...

  • BRUSSELS— The European Union's top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having "a major distortive impact" on trade. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, Italy and Spain wrote they had "significant concerns"...

  • *New York explosion nudges down dollar, lifts yen, Swiss franc World stocks still flirting with record levels. LONDON, Dec 11- An explosion in central New York pushed the dollar lower on Monday, but stock markets recovered after an early dip, once it became clear the situation had been contained. New York police said the explosion rocked the Port Authority Bus...

  • NEW YORK/ SYDNEY/ LONDON, Dec 11- Newly launched bitcoin futures indicated on Monday that financial markets expect the cryptocurrency to climb further but at a far slower rate than in recent weeks as warnings of a bubble grew. The one-month bitcoin contract opened at 6 pm local time on Sunday at $15,460, dipped briefly before rising to a high of $18,700 and then...

  • *Inflation concerns weigh on U.S dollar. NEW YORK, Dec 11- The U.S. dollar weakened on Monday, weighed down by tepid inflation data from Fridays jobs report, while safe-haven currencies the Japanese yen and Swiss franc gained after an explosion rocked one of New York's busiest commuter hubs. I still think we probably have some impact from non-farm payrolls on...

  • FRANKFURT, Dec 11- A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow- based security firm said on Monday. Group-IB warned that the attacks, which began 18 months ago and allow money to be robbed from bank...

  • *Fall reduces chance of another CNB rate hike on Dec. 21. BUDAPEST, Dec 11- Central Europe's main currencies eased on Monday, stung by Czech and Polish inflation figures that did not support the case for imminent monetary tightening. The inflation decline makes it less likely that the CNB, the region's most hawkish central bank, will raise rates again at its Dec. 21...

  • *Deal will consolidate LKQ's No. 1 position in Europe. Dec 11- U.S. auto parts retailer LKQ Corp said on Monday it would buy German peer Stahlgruber for about 1.5 billion euros, including debt, to consolidate its dominant position in the European market. Stahlgruber will help Chicago- based LKQ withstand intensifying competition from rivals including U.S.-based...

  • JOHANNESBURG, Dec 11- South African exchange operator JSE launched an investigation on Monday into whether Steinhoff broke disclosure rules, heaping pressure on the retailer as it tries to contain an accounting scandal. Shares in Steinhoff fell by 80 percent last week after the international retail group, whose brands include Poundland and Mattress Firm,...

  • FRANKFURT, Dec 11- U.S. bicycle-sharing start-up LimeBike said on Monday it has begun operating in two European cities, marking the first overseas expansion move by U.S. firms seeking to keep pace with vastly better-funded Chinese rivals' own international moves. Silicon Valley- based LimeBike, a company which only launched early in 2017, starts offering free...