Europe News London

  • DUBLIN, Jan 19- Britain could remove most obstacles blocking a Brexit deal if it rolls back on a promise of leaving the European Union's customs union, the bloc's Agriculture Commissioner said. Britain's last-minute scramble to shape an EU exit after the deal Prime Minister Theresa May agreed with the bloc was crushed in a parliamentary vote has stalled in a...

  • **BRUSSELS- ECB President Mario Draghi and ECB Executive Board member Benoit Coeure participate in Eurogroup meeting in Brussels, Belgium. DAVOS, Switzerland World Economic Forum annual meeting. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for January- 1330 GMT.

  • *Industrials post among biggest sector gains on Wall Street. NEW YORK, Jan 18- World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in sight to the U.S.- China trade conflict. Stocks were boosted by a Bloomberg report that said...

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices jumped about 3 percent on Friday, rising after OPEC detailed specifics on its production-cut activity to ease global oversupply, and on signs of progress in ending the U.S.- China trade war.

  • *Industrials lead sector gains on Wall Street. NEW YORK, Jan 18- Major stock indexes rose worldwide on Friday and the dollar was on track for its first positive week this year, boosted by optimism that the trade conflict between the United States and China may come to an end. Wall Street was set for a fourth week of gains, with foreign trade-sensitive industrials up...

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices jumped about 3 percent on Friday, rising after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.- China trade war.

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.- China trade war.

  • *Industrials lead sector gains on Wall Street. NEW YORK, Jan 18- Major stock indexes rose worldwide on Friday and the dollar was on track for its first positive week this year, boosted by optimism that the trade conflict between the United States and China may come to an end. Wall Street was set for a fourth week of gains, with foreign trade-sensitive industrials up...

  • LONDON, Jan 18- The pound weakened on Friday as investors took profits after a stellar rally that set the currency up for its biggest weekly gain against the euro in more than a year on growing confidence that a no-deal Brexit can be avoided. "The market is pricing out the risk of hard Brexit and some kind of agreement... so against this background, you'd expect sterling...

  • NEW YORK, Jan 18- The dollar held firm against its rivals on Friday and was poised for its first weekly gain in five weeks, boosted by optimism about trade talks between China and the United States. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs on Chinese goods and suggested offering a tariff rollback during trade discussions...

  • JOHANNESBURG, Jan 18- Former Mozambican finance minister Manuel Chang, arrested in South Africa in a case related to $2 billion of fraudulent loans, has abandoned plans to apply for bail, one of his lawyers said on Friday. Chang, who denies wrongdoing, has been detained in South Africa since Dec. 29 at the request of the United States which wants him extradited.

  • *OPEC report indicates headstart on pact cutting supply. *Washington considers rolling back China import tariffs- WSJ. LONDON, Jan 18- Oil prices rose on Friday after an OPEC report showed its production fell sharply last month, easing some concerns about prolonged oversupply.

  • Another week closer to the date Britain leaves the European Union. Given how crushingly Prime Minister Theresa May's Brexit divorce deal was defeated by lawmakers, there is little chance her Plan B-- to be presented in coming days-- will get away with just minor amendments. If May fails to forge consensus within her party and with opposition leader Jeremy Corbyn...

  • *Pernod to hold board meeting Jan. 23. PARIS, Jan 18- Pernod Ricard, the family-backed French spirits group under pressure from activist investor Elliott, will continue to improve its governance, it pledged on Friday. Elliott, which has become more active in Europe in recent years, said in December it had spent around 930 million euros to build a stake of just over 2.5...

  • LONDON, Jan 18- German government bond yields rose to a one-month high on Friday as hopes grew that Britain would avoid a messy divorce from the European Union and perhaps hold a second referendum, raising the prospect of no Brexit at all. Treasury Secretary Steven Mnuchin discussed lifting tariffs imposed on Chinese imports also helped erode some of the safety...

  • LONDON, Jan 18- The pound weakened on Friday as investors took profits after a stellar rally this week that set the currency up for its biggest weekly gain against the euro in more than a year on growing confidence that a no-deal Brexit can be avoided. "The market is pricing out the risk of hard Brexit and some kind of agreement... so against this background, you'd expect...

  • LONDON, Jan 18- The dollar held firm against its rivals on Friday and is poised for its first weekly gain in five weeks as investors trimmed some of their excessive short bets against it after some weak eurozone data this week. "With the market consensus being short dollar at the start of the year, some of the expectations are being unwound especially in light of the...

  • MOSCOW, Jan 18- Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from U.S. sanctions. D. J. Baker, David Crane and David Knower will, subject to the satisfaction of certain conditions, exercise the voting rights attached to certain shares of En+,...

  • *OPEC report indicates head start on production cut pact. *Washington considers rolling back China import tariffs- WSJ. OPEC along with other producers including Russia agreed last year to output cuts effective Jan. 1 to avert a glut.

  • LONDON, Jan 18- Global stocks rose to their highest in more than a month on Friday after a report suggested progress towards resolving the trade dispute between the United States and China. Trade-exposed indexes and stocks gained the most, with autos rising 1.3 percent and Germany's exporter-heavy DAX up 0.7 percent. The gains followed the lead of stocks in Asia...