Europe News London

  • LONDON, March 23- British entrepreneur Mike Lynch vigorously denies new U.S. criminal charges against him, his spokesman said on Saturday ahead of a court case over the sale of his firm Autonomy which will begin in London next week. Lynch faces a new charge of securities fraud, which carries a maximum prison term of 25 years, as well as additional charges of wire...

  • British Prime Minster Theresa May and President of European Commission Jean-Claude Juncker attend a press conference at the European Commission on March 11, 2019 in Strasbourg, France.

    May told lawmakers in her letter that Britain still has options including an extension that would require taking part in European Parliament elections in May.

  • March 22- Latin American stocks and currencies were hammered on Friday, caught up in a global selloff after dismal economic data from across Europe and the United States reignited fears of a slowdown in the global economy and signaled the possibility of the world's largest economy sliding into recession. Treasury yield curve after weaker-than-expected...

  • *U.S. 3- yr/10-yr curve inverts, German yields turn negative. NEW YORK, March 22- Stocks around the world fell and U.S. Earlier, German 10- year bond yields dived below zero for the first time since October 2016 after German data showed manufacturing contracted in March for a third straight month.

  • LONDON, March 22- Mike Lynch, once hailed as Britain's answer to Bill Gates, faces Hewlett-Packard in London's High Court on Monday in a multi-billion dollar showdown over the U.S. technology company's 2011 purchase of the Autonomy software business he founded. HP is seeking damages of around $5 billion from Lynch and his former colleague Sushovan Hussain,...

  • March 22- U.S. prosecutors on Friday added three new criminal charges to their indictment against British entrepreneur Mike Lynch related to the $11.1 billion sale of his software company Autonomy to Hewlett-Packard in 2011.. Lynch faces a new charge of securities fraud, which carries a maximum prison term of 25 years, as well as additional charges of wire...

  • NEW YORK/ LONDON, March 22- Arabica coffee futures on ICE rose on Friday, pressured by excess supplies and a weaker currency in Brazil, while raw sugar inched higher. *May arabica coffee settled down 0.9 cent, or 1 percent, at 93.90 cents per lb after setting a fresh contract low of 93.65 cents. *Prices have collapsed on excess supplies, especially from top grower Brazil...

  • *Japan manufacturing output falls the most in almost 3 years. LONDON/ TOKYO, March 22- Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. In Japan, manufacturing output shrank the most in...

  • *FTSE 100 down 2 pct. March 22- London's FTSE 100 retreated from multi-month highs to endure its worst day so far this year as a surge in the pound weakened exporter stocks and poor manufacturing data from the euro zone and the United States pulled the index deeper into the red. The FTSE 100 shed almost 150 points as it sank 2 percent and the more domestically-exposed...

  • LONDON, March 22- Germany's 10- year bond yield dived below zero percent on Friday for the first time since October 2016, as a survey showing German manufacturing contracted for a third straight month fuelled fears about a widespread European slowdown. In a session of eye-popping moves across major bond markets, Germany's 10- year bond yield slid over 6 basis...

  • LONDON, March 22- Germany's 10- year bond yield dived below zero percent on Friday for the first time since October 2016, as a survey showing German manufacturing contracted for a third straight month fuelled fears about a widespread European slowdown. In a session of eye-popping moves across major bond markets, Germany's 10- year bond yield slid over 6 basis...

  • NEW YORK, March 22- The spread between three-month Treasury bills and 10- year note yields inverted for the first time since 2007 on Friday and stocks around the world fell after soft U.S. and European data fueled fears of a global economic slowdown following this week's dovish turn by the U.S. This was after German 10- year bond yields dived below zero for the...

  • *Japan manufacturing output falls the most in almost 3 years. LONDON, March 22- Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. In Japan, manufacturing output shrank the most in almost...

  • LONDON, March 22- Germany's 10- year government bond yield on Friday turned negative for the first time since October 2016, as a survey showing German manufacturing contracted for a third straight month in March fuelled concern about a slowdown. Germany's 10- year bond yield slid almost four basis points, touching -0.001 percent, before rising to 0.005 percent.

  • LONDON, March 22- The euro tumbled more than half a percent on Friday below the $1.13 level as a big miss in German manufacturing survey data and falling bond yields prompted traders to cut their positions. "The data was bad and the falling bond yields is also weighing on the euro," said Manuel Oliveri, a currency strategist at Credit Agricole in London.

  • March 22- European stock markets rose on Friday, relieved at the European Union's agreement on a two-week reprieve that precludes Britain crashing out of the bloc without a deal next week. As has often been the case on Brexit, London's blue chip FTSE 100, packed with companies dependent on international revenues which tend to lose when sterling rises, dipped 0.2...

  • The dollar eased against a basket of currencies while sterling gained slightly on news that Prime Minister Theresa May had bought a bit more time to resolve when and how Britain exits from the European Union. *AUSTRALIA: Commodity giant Glencore said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches.

  • FRANKFURT- Opening remarks by ECB Board Member Luis de Guindos at the ECB colloquium, marking the end of the tenure of Ignazio Angeloni as a member of the supervisory board of the European Central Bank in Frankfurt, Germany 0815 GMT. FRANKFURT- Speech by ECB Board Member Ignazio Angeloni at the ECB colloquium, marking the end of his tenure as a member of the...

  • BRUSSELS, March 21- British Prime Minister Theresa May failed to reassure European Union leaders on Thursday that she can secure a deal at home next week on an orderly Brexit, diplomats said, prompting frantic talks on how to ease Britain out without a deal. With just a week left until Britain is due to quit the bloc, leaders scrapped planned talks on Chinese trade...

  • NEW YORK, March 21- Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while the dollar rallied despite the Federal Reserve's uber-dovish stance as Brexit worries weighed on the euro and sterling. A day after the Fed flagged an economic slowdown, U.S. data showed jobless benefit applications fell more than expected while...