Europe News London

  • SINGAPORE, May 24- Copper prices rebounded on Friday from their lowest since Jan. 14 hit in the previous session, as the U.S. dollar eased, but were heading for their sixth straight week of losses on a prolonged U.S.- China trade war. President Donald Trump said on Thursday Huawei could be included in the U.S.- China trade deal after last week banned U.S. firms from...

  • Uber has launched its JUMP bikes in London. The U.K. capital already has a public bike-sharing scheme and other dockless cycling services.

    Uber's Jump debuted a fleet of 350 of the red e-bikes as part of a trial in the London borough of Islington.

  • NEW YORK/ LONDON, May 23- Arabica coffee futures on ICE rose to a six-week high on Thursday, underpinned by concerns over the potential for cold crop-damaging weather in parts of top-grower Brazil, while sugar prices slipped. *Prices have been buoyed in the past two sessions by forecasts by Somar Meteorologia that cold weather in southern Brazil this weekend...

  • *CEO speaking at annual general meeting. FRANKFURT, May 23- Deutsche Bank's chief executive promised shareholders "tough cutbacks" at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany's biggest lender, whose shares hit a record low. Although Deutsche Bank posted its first profit in four years in 2018, it...

  • NEW YORK, May 23- World shares skidded further on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world's two largest economies, leading oil prices to plunge and strengthening the dollar. Stocks tumbled on Wall Street and yields on the benchmark 10- year U.S. Equity investors, basking in the...

  • LONDON, May 21- Investors piled into the Netherlands' inaugural, triple-A rated sovereign green bond on Tuesday, placing 21.2 billion euros of orders for the environmentally friendly paper. Thirty-two investors had registered as green before the 20- year bond's auction, in which the Netherlands raised almost 6 billion euros. The Netherlands follows European...

  • NEW YORK, May 23- The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan. "The greenback and safer rivals from Japan and Switzerland were in the driver's seat." While the United States is not without its own worries- namely trade...

  • LONDON, May 23- Children, some as young as eight, will walk out of class in cities around the world on Friday in a fresh wave of strikes called by young people who fear adults are sleepwalking towards a collapse in the global climate system. "We seem to have this amazing capability of forgetting horrible things and going on with our daily lives, but adults need to start...

  • *CEO speaking at annual general meeting. FRANKFURT, May 23- Deutsche Bank's chief executive is prepared to make "tough cutbacks" in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive. Deutsche Bank's struggling equities division, which is mainly in New York and London and saw...

  • FRANKFURT, May 23- Deutsche Bank's chief executive is prepared to make "tough cutbacks" in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive. Deutsche Bank's struggling equities division, which is mainly in New York and London and saw steep cutbacks last year, is a target, and...

  • May 23- European shares sank on Thursday as the latest round of U.S.- China trade friction and a soft set of business surveys sapped investors' risk appetite, while British Prime Minister Theresa May faced growing pressure to quit. By 0811 GMT, the pan-European STOXX 600 had dropped 0.8%, with Germany's traditionally trade-sensitive DAX down 1.11%.

  • FRANKFURT, May 23- Deutsche Bank's chief executive said on Thursday that he was ready to make "tough cutbacks" to its investment bank, whose future is in doubt after several failed restructurings. Deutsche Bank's struggling equities division, which is mainly in New York and London and saw steep cutbacks last year, is a target, and prime brokerage that serves hedge...

  • NEW DELHI/ MUMBAI/ BENGALURU, May 23- Indian Prime Minister Narendra Modi on Thursday swept to a huge election victory, giving his party a mandate to pursue policies that put Hindus first, are mainly business-friendly and take a hard line on national security. The main opposition Congress party, led by Rahul Gandhi, was leading in 52 seats. AVINASH PALIWAL, DEPUTY...

  • May 23- Hedge fund ValueAct has urged London Eye and Legoland operator Merlin Entertainments to pursue a deal to take the company private, claiming it could fetch around 30% more than its current market valuation. Merlin, which floated in 2013, is the world's second-biggest visitor attractions group behind Walt Disney. Shares in Merlin rose more than 4 percent...

  • BEIJING/ SINGAPORE, May 23- Copper prices in both London and Shanghai fell to their multi-month lows on Thursday amid an unresolved Sino-U.S. trade tension and after Chinese President Xi Jinping warned of difficult times ahead. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange ended down 1.5% to 46,680 yuan a tonne, after...

  • May 23- European shares fell sharply on Thursday, as investors grappled with the latest round of U.S.- China trade friction while British Prime Minister Theresa May faced growing pressure to resign. That tracked a slide in Asian shares to four-month lows, as investors worried the U.S.- China trade feud was fast turning into a technology-focused cold war.

  • LONDON, May 23- British chip designer ARM halted relations with Huawei to comply with a U.S. blockade of the company, potentially crippling the Chinese telecom company's ability to make new chips for its future smartphones. It also licenses graphics technology from the Cambridge- based company which is owned by Japan's SoftBank Group Corp..

  • BEIJING/ SINGAPORE, May 23- Copper prices in both London and Shanghai fell to their multi-month lows on Thursday amid an unresolved Sino-U.S. trade tension and after Chinese President Xi Jinping warned of difficult times ahead. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange fell 1.4% to 46,750 yuan a tonne, after touching its...

  • BEIJING, May 23- Shanghai copper and zinc slid to multi-month lows on Thursday as the China base metals complex tracked a broad selloff in London overnight amid Sino-U.S. trade tensions, while President Xi Jinping warned of difficult times ahead. *COPPER: The most-traded July copper contract on the Shanghai Futures Exchange fell as much as 1.8% to 46,570 yuan a...

  • *Italy bank stocks outperformed euro peers for most of 2019. *Politics, economy may put Italy bank recovery at risk. Despite a looming budget showdown between Rome and Brussels, a Reuters analysis of data from Italian market regulator Consob shows that as of May 21 there were no net short positions above 0.5% in shares of Italy's two largest banks.