July 19- European shares ended only marginally higher on Friday as worries about the stability of Italy's government dented optimism from renewed signals the U.S. The pan-European STOXX 600 closed up 0.12% after rising as much as 0.7% in morning trade, with Italy's blue-chip stocks falling 2% to two-week lows. "The uncertainty surrounding the political...
*FTSE 100 up 0.2%, FTSE 250 up 0.4%. July 19- London's FTSE 100 ended higher on Friday as bolstered hopes of a U.S. interest rate cut stoked risk appetite, though the index's advances were reined in after political turmoil in Italy triggered a broad sell-off in bank stocks. The mid-cap FTSE 250 rose 0.4%, as Acacia Mining soared after agreeing to an increased buyout...
*ECB easing hopes bolster bond markets. LONDON, July 19- German 10- year bond yields were set for their biggest weekly drop in seven weeks on Friday, while Italian yields were headed for a seventh straight week of declines, as expectations for central bank easing bolstered euro zone bond markets. "Last week, we did see a big sell-off and when we entered this week it was a...
LONDON, July 19- German 10- year bond yields were set for their biggest weekly drop in seven weeks on Friday, while Italian yields were set for a seventh straight week of declines as expectations for central bank easing bolstered euro zone bond markets. "Last week we did see a big sell off and when we entered this week it was a buying opportunity because central banks...
LONDON/ SINGAPORE, July 19- Four companies have submitted offers into a 10- year import tender for deliveries of liquefied natural gas to Pakistan, two sources familiar with the matter said on Friday. The companies that placed the offers are Italy's Eni, Azerbaijan state oil company SOCAR, PetroChina International Singapore, a unit of PetroChina Co Ltd and...
President Donald Trump planned to meet on Thursday with the chief executives of major American airlines and Qatar Airways to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States. The 3:30 p.m. EDT meeting between Trump and the CEOs of American Airlines, United Airlines, JetBlue Airways Corp, FedEx...
July 18- European stocks ended lower on Thursday, as earnings worries ran high after poor results from software firm SAP sank technology shares, although hopes of looser monetary policy from the European Central Bank helped indexes bounce off early lows. "The ECB changing its targets with regards to inflation could potentially enable it to be more...
Shanghai nickel prices rose the maximum 6% on Thursday, extending their rally into a ninth day. LME benchmark nickel climbed 2.8% to $14,850 a tonne in closing open outcry activity, paring gains after touching $15,115, the highest since June 29 last year. *SHANGHAI NICKEL: The most traded August nickel contract on the Shanghai Futures Exchange rose to the highest...
BRASILIA, July 18- Deforestation in Brazil's Amazon rainforest accelerated in the first half of July, outstripping the full month last year and raising red flags for a regional trade deal with the European Union. Last month, the South American bloc Mercosur, which includes Brazil, reached a free trade deal with the European Union that includes environmental...
CHANTILLY, France, July 18- Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday. Finance Minister Bruno Le Maire of France, which holds the rotating presidency of the...
CHANTILLY, France, July 18- Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday. Finance Minister Bruno Le Maire of France, which holds the rotating presidency of the...
LONDON, July 18- The euro and government bond yields across the single currency bloc fell on Thursday, following a report by Bloomberg News that European Central Bank staff are studying a potential change to the bank's inflation goal of' near 2%'. "The euro inflation story is a bigger driver for the euro as it potentially opens the door for ECB stimulus policies to...
*Could replace SPD as centre-left force in Germany. BERLIN, July 18- A former trampolinist and a children's author have led the Greens to a spectacular comeback in Germany, raising the once-unthinkable prospect of a Green chancellor succeeding Angela Merkel. "This is in no way just a protest vote or a hoovering-up of Social Democrat votes, it's a longer-term trend,"...
MILAN, July 18- Officials from Eni sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday. Prosecutor Fabio De Pasquale made the comment in a trial hearing into the case, during a legal debate over a request by Eni...
By Julia Payne and Emilio Parodi. LONDON/ MILAN, July 18- Eni has filed a fraud complaint against its former head of oil trading over a suspect Iraqi crude oil shipment, amid concerns inside the Italian oil major that the failed delivery may have included Iranian crude targeted by U.S. sanctions. In the filing to the Milan prosecutor's office Eni accused its former...
WASHINGTON, July 17- The Trump administration plans to adopt shorter communiques and generally revamp how the Group of Seven rich nations does its work when the United States leads the body in 2020, a White House adviser said. Kelly Ann Shaw, deputy assistant to President Donald Trump for international economic affairs, said the White House views multilateral...
MILAN, July 17- Italian banks are set to fund the bulk of a 900 million euro rescue plan for troubled regional lender Carige in a last-ditch attempt to avert liquidation, three sources close to the matter said. In January, the European Central Bank placed the Genoa- based bank under special administration and told it to find a buyer. Under the latest rescue plan, a...
CHANTILLY, France, July 17- The world's top financial policymakers gathering in France on Wednesday are worried about Facebook's plans to launch a digital currency and have decided to act to keep this initiative in check, Italy's finance minister said on Wednesday.
MILAN, July 17- Officials from Eni sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday. Prosecutor Fabio De Pasquale made the comment in a trial hearing into the case, during a legal debate over a request by Eni...
LONDON, July 17- One of the oil industry's biggest corruption trials revolves around a Nigerian offshore licence known as OPL 245, which Royal Dutch Shell and Italy's Eni bought in 2011.. *Some key issues related to the OPL 245 case came to light in two separate civil suits...
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