×

Europe News Europe

  • NEW YORK, Dec 14- World stock markets were little changed on Thursday after policy meetings from major central banks in Europe, while some U.S. shares were buoyed by news that the Republicans' tax legislation could face final votes in Congress before year-end. Both the European Central Bank and Bank of England left interest rates unchanged, as expected.

  • LONDON— 21st Century Fox's says it will still try to complete its 11.7 billion pound takeover offer for Sky, even though Disney is buying a large part of the company owned by Rupert Murdoch's family. Britain's competition regulator is conducting an investigation into whether Fox's bid for the 61 percent of Sky it doesn't already own would give Murdoch and his...

  • PARIS, Dec 14- Atos said on Thursday it would pursue its "friendly" bid for chipmaker Gemalto, despite a rejection of the French technology company's 4.3 billion euro offer. Gemalto called the 46 euro per share Atos offer to create a digital security leader "opportunistic" late on Wednesday, although chief executive Philippe Vallee did not completely shut the door...

  • CHICAGO, Dec 14- U.S. soybean futures sagged to their lowest in more than four weeks on Thursday, weighed down by forecasts for much-needed rains in Argentina, traders said. "Argentina's dry soybean crops remain an important prop for the market," Commonwealth Bank of Australia analyst Tobin Gorey said in a market update. At 10:19 a.m. CST, CBOT January soybean...

  • *Sibanye plans job cuts to help save $112 mln a year. *Lonmin burned through $1.6 bln in cash from investors. LONDON/ JOHANNESBURG, Dec 14- South Africa's Sibanye-Stillwater agreed to buy troubled miner Lonmin for about 285 million pounds to create the world's No. 2 platinum producer in a bid to ride out depressed prices for the metal.

  • BERLIN, Dec 14- Lufthansa's failure to salvage Austrian holiday airline Niki may slow expansion of the German carrier and its budget unit Eurowings, but it is still expected to benefit from the resulting drop in competition in the short term. Germany's biggest airline dropped a bid for Niki, part of insolvent Air Berlin, on Wednesday, saying it was unlikely to be...

  • NEW YORK, Dec 14- The U.S. dollar gained against the euro on Thursday after the European Central Bank raised growth and inflation forecasts for the euro area, but stuck with its pledge to provide stimulus for as long as needed. The euro rose to a day high of $1.186 after the bank raised its growth forecasts from this year through to 2019, before weakening back to...

  • *Disney seals much-awaited deal to buy Fox assets. Disney CEO Bob Iger extends tenure to oversee integration. Disney shares edged slightly higher after the company said it expects to buy up to $20 billion of its own shares to offset dilution from the all-stock deal.

  • LONDON, Dec 14- Sberbank plans to meet a government demand to pay 50 percent or more of its earnings in dividends by 2020, if conditions are favourable, German Gref, the chief executive of Russia's largest lender, said on Thursday. Russia's central bank owns 50 percent plus one share in Sberbank and on Tuesday Gref said its board had agreed a new dividend policy but...

  • *Current head Juerg Zeltner to depart end-2017. ZURICH, Dec 14- UBS has put former Commerzbank boss Martin Blessing in charge of its market-leading wealth management business, sparking speculation that the Swiss bank could be lining him up as an eventual successor to chief executive Sergio Ermotti. 54- year-old Blessing, who steered Germany's Commerzbank...

  • *PM attends Brussels summit after securing trade talks. BRUSSELS, Dec 14- Theresa May said on Thursday she was on course to deliver Brexit and a new partnership with the European Union, shrugging off a parliamentary defeat that could weaken her hand as the decisive phase of talks begins. But after suffering a defeat in parliament over her Brexit blueprint, May...

  • LONDON— A U.S. cybersecurity firm says that hackers disrupted the operations at an industrial facility using malicious software which interfered with safety equipment. Milpitas, California- based FireEye Inc. provided a technical breakdown of the hack but provided few further details about the incident, refusing to identify the facility involved, the...

  • FRANKFURT, Dec 14- The European Central Bank raised growth and inflation forecasts for the euro area on Thursday but stuck to its pledge to provide stimulus for as long as needed, predicting inflation would remain below target into 2020.. The euro rose to a day's high of $1.186 after the bank raised its growth forecasts from this year through to 2019.

  • The afternoon slide, which erased gains from earlier in the day, came on news that some Republican senators' support for the GOP's proposed tax overhaul bill was faltering. "The market is focused almost completely on the corporate tax reduction," said Quincy Krosby, chief market strategist at Prudential Financial. The Russell 2000 index of smaller-company...

  • HAMPTON, N.H.— Since President Donald Trump vowed this summer to pull the United States out of an international climate accord, states looking to tackle carbon pollution have been forced to go it alone. More than a dozen formed an alliance committed to reducing emissions in line with the Paris accord, an international agreement that aims to halt the rise in global...

  • LONDON, Dec 14- Euro zone government bond yields are close to multi-month lows just as the European Central Bank is on the verge of cutting its bond-buying scheme by half, leaving some investors worried that a sharp correction may be due in 2018.. I think it's very difficult to price in that deceleration ahead of time when the weight of central bank money is so...

  • BERLIN— Volkswagen said Thursday that a study into its role during Brazil's 1964-85 military dictatorship concluded that some site security officials at its operations in Brazil cooperated with the regime but there was no clear evidence the collaboration was "institutionalized." The company last year commissioned Christopher Kopper, a history professor...

  • *IEA joins OPEC, EIA, raises forecast for U.S. 2018 output growth. LONDON, Dec 14- Oil prices came under pressure on Thursday after the International Energy Agency increased its forecast for growth in U.S. oil output next year, raising the prospect of excess supply. "The IEA underlined the same take that the U.S. Energy Department had the day before yesterday and OPEC...

  • PARIS— French police say a homeless man found a huge amount of cash last week at Paris' Charles de Gaulle Airport and was able to leave the complex with 300,000 euros. Two police officers, who are not allowed to speak publicly on the case, said Thursday that video surveillance showed the man looking in the trash and leaning against a nearby door.

  • CAIRO— Egyptian Aviation Ministry officials say a security protocol is soon to be signed with Russia to prepare for the resumption of Russian flights to Egypt after more than a two-year hiatus. Aviation Minister Sherif Fathi headed to Moscow on Thursday to meet with his Russian counterpart to finalize the agreement. Moscow suspended flights to Egypt after an...