Europe News London

  • Feb 19- British Finance Minister Philip Hammond said on Tuesday it was clear the European Union will not now consider alternatives to the contentious Irish backstop to help the UK government win support for its Brexit withdrawal deal, but such options could be valuable in future.

  • STOCKHOLM- Riksbank Deputy Governor Martin Flodén will discuss the economic situation and monetary policy- 1100 GMT. FRANKFURT- ECB chief economist Peter Praet delivers Speech by at 11th Frankfurt Main Financial Centre Breakfast organized by Frankfurt Main Finance e.V. in Frankfurt, Germany.- 0700 GMT. THURSDAY, FEBRUARY 21 STANFORD, Calif.- Federal Reserve...

  • NEW YORK, Feb 19- Gold prices rose to a 10- month high on Tuesday as concerns over a global economic slowdown spurred a safe-haven bid and were also supported by a weaker U.S. dollar, which fell on optimism for a breakthrough in U.S.- China trade talks. A gauge of global stock markets rose modestly along with gains on Wall Street, while Europe sagged under falling bank...

  • WASHINGTON, Feb 19- Lebanon has nominated investment banker Ziad Hayek as a candidate for president of the World Bank, mounting the first challenge to U.S. Hayek, who has served as secretary general of Lebanon's High Council for Privatization since 2006, also posted a nomination letter from Lebanon's finance ministry. Hayek's entry into the race could draw...

  • NEW YORK, Feb 19- Gold prices surged to a 10- month high on Tuesday, as the U.S. dollar weakened, on optimism for a breakthrough in U.S.- China trade talks, with bullion also receiving support as a safe-haven asset due to concerns over global growth. A gauge of global stock markets rose modestly, with an advance in Walmart helping to lift Wall Street equities, although...

  • Marcus Agius, called as a prosecution witness in the fraud trial of four former senior colleagues, said the bank had hoped to secure partnerships that would reinforce the bank's global ambitions by granting Barclays "favored nation status" for future business opportunities with investors such as Qatar. Prosecutor Edward Brown alleges the men did not...

  • *May heads to Brussels to try and push Brexit talks. *UK pay growth fastest in a decade in late 2018. LONDON, Feb 19- Sterling shot past $1.30 on Tuesday on hopes that Prime Minister Theresa May will make progress in seeking changes to her Brexit deal with the European Union, although some traders struggled to explain the size of the move.

  • *France gets max book of 33 bln euros on 30- yr bond sale. LONDON, Feb 19- France and Cyprus took full advantage of a market supercharged by expectations of more monetary stimulus from the European Central Bank to print syndicated bonds on Tuesday. France had garnered a maximum of 33.5 billion euros of demand for a 7 billion euro 30- year bond sale, a lead manager told...

  • PARIS, Feb 19- Raw sugar futures on ICE climbed to a 3-1/ 2 month high on Tuesday in the wake of a similar peak for white sugar in London, as a technically driven rally continued, while coffee lost more ground and cocoa also eased. *March raw sugar was up 0.17 cents, or 1.3 percent, at 13.36 cents per lb by 1621 GMT, its highest since Nov. 5 and surpassing Friday's one-month high...

  • *Sterling gains on upbeat UK wage growth data. NEW YORK, Feb 19- The dollar on Tuesday fell against a basket of other currencies as traders scaled back their safe-haven greenback holdings on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict. "We are hoping to hear more positive news on trade," said Dean...

  • LONDON, Feb 19- The chief executive of mining group BHP has no plans to quit and will focus on the "nuclear level of safety" needed to avoid any repeat of the Vale dam collapse in Brazil, as well as on transforming his own company. Speculation about the future of CEO Andrew Mackenzie, 62, has swirled since 2017 when activist investor Elliott Advisors began campaigning...

  • BIRMINGHAM, England, Feb 19- Britain will use import tariffs to protect its farming industry if it fails to reach a trade pact with the European Union, farming and environment minister Michael Gove said on Tuesday. Gove told the annual conference of the National Farmers Union that the cabinet has been discussing what the tariff rates would be in the event of a...

  • *Latest example of Japanese firm pulling out of Britain. The automaker, which builds more than a tenth of the 1.5 million cars made in Britain, said the move was not related to Brexit and it needed to focus activities in regions where it expects to sell most cars, after struggling in Europe. But the timing of the announcement about the Swindon plant, just 38 days before...

  • LONDON, Feb 19- The Swedish crown plummeted on Tuesday after weak inflation data prompted investors to sell the currency and scale back bets interest rates would rise this year, while poor Italian industrial orders knocked the euro lower. The crown rose last week after Sweden's central bank broke with growing caution among major monetary-policy makers,...

  • Some 200 billion euros of suspicious payments from Russia and other states flowed through the Estonian branch of Danske Bank, which is already being investigated in Denmark, Estonia, Britain and the United States, between 2007 and 2015.. This has raised questions about supervision of the Danish bank, prompting the EU's executive European Commission to ask the...

  • *Latest example of Japanese firm pulling out of Britain. *Britain due to leave the EU in 38 days. Honda, which builds its Civic car in Britain and Turkey, said it would stop making the model in both countries.

  • LONDON, Feb 19- The Swedish crown plummeted on Tuesday after weak inflation data prompted investors to sell the currency and scale back bets on an interest rate hike this year. The currency rose last week after Sweden's central bank broke with growing caution among major monetary-policy makers by saying it would stick to its plan to raise rates in the second...

  • *Italy industrial orders drop over 5 pct yoy. "The industrial orders data from Italy has triggered this knee-jerk reaction of BTPs selling off and Bunds rallying," said Mizuho rates strategist Antoine Bouvet. Indeed, Italy's 10- year bond yield was last up 6 basis points on the day at 1.74 percent, pushing the gap over German 10- year bond yields to 273 bps-- 10 bps wider...

  • *UK pay growth fastest in a decade in late 2018. LONDON, Feb 19- The British pound held above $1.29 on Tuesday after labor market data showed workers' pay growth held at its fastest pace in a decade in late 2018, with investors' focus quickly shifting back to Brexit talks between London and Brussels. "The most recent data on the UK labor market continues to be strong on...

  • *Hopes of progress in U.S.- China talks limit losses. LONDON, Feb 19- European and Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen dribbled lower as Japan's central bank said it could ease policy again. World markets were struggling a bit for direction after a slow but buoyant...