LONDON, Sept 22- Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. Primark, whose trendy clothes at rock-bottom prices have taken UK shoppers by storm, opened in Boston in 2015 and...
DUBLIN, Sept 20- Ryanair pilots based in the United Kingdom have cancelled five days of strikes set for this month, as unions and the low-cost airline gear up for further talks. Strikes set for September 21, 23, 25, 27 and 29 will not go ahead, Ryanair said, as it called on the pilots to resume discussions in the East Midlands or in Dublin next week. But a series of strikes...
With a population of more than 1.3 billion, the Chinese market is already a huge source of revenue for companies around the world — but the state's economic policies have faced heavy criticism.
Sept 19- European stocks rallied on Thursday as investors snapped up battered shares of eurozone banks after the U.S. European banks, along with sectors such as miners and automakers, have gained in the recent weeks as investors rotated into cyclical sectors due to signs of easing U.S.- China trade tensions and assurances of support from major central banks.
LONDON, Sept 19- At least five laden liquefied natural gas tankers changed course from Europe to Asia and a rising number of other tankers were being used as floating storage following a spike in Asian LNG prices in the past week, trade sources said. The price for LNG delivered to Asia in the second half of October grew to around $5.70 per million British thermal...
*Europe's shares inch higher after Fed rate cut. Japan and Switzerland then kept their deeply negative interest rates on hold. The Brexit-constrained Bank of England sat on its hands, while an outlier hike in Norway also came with a hint it would be the last.
*Europe's shares inch higher after Fed rate cut. LONDON, Sept 19- A positive start in Europe nudged the main world share indexes and bond yields higher on Thursday, after the U.S. The Bank of Japan and Switzerland's central bank then both kept their deeply negative interest rates on hold.
*Banks snap 3- day losing streak. Sept 19- A rally in bank stocks for the first time in four sessions lifted European shares on Thursday, after the U.S. Last week, the European Central Bank cut interest rates deeper into negative territory and asked governments to do more to prop up the euro zone economy.
MADRID, Sept 19- British Brexit minister Stephen Barclay said on Thursday the conservative government will abide by the upcoming Supreme Court ruling on the parliament suspension ordered by Prime Minister Boris Johnson. Britain's top judicial body, the Supreme Court, is hearing a third and final day of legal arguments on Thursday over whether Prime Minister...
LONDON, Sept 19- The euro zone's government bond yields rose on Thursday, tracking U.S. yields, after the Federal Reserve delivered a widely expected interest rate cut but dashed hopes for further monetary easing. That set the tone for European markets, and new supply from France and Spain later this session added to upward pressure on bond yields.
Sept 19- European shares edged higher on Thursday, helped by a rise in banks, after the U.S. The pan-European STOXX 600 index rose 0.2% with lender-heavy Milan and Madrid outperforming. The FTSE 100 index was 0.1% lower ahead of a Bank of England monetary policy statement at 1100 GMT, where it is expected to stand pat on rates.
LONDON, Sept 18- Peripheral euro zone government bonds outperformed on Wednesday as relief in oil markets boosted risk appetite, while the market's focus shifted to the U.S. Analysts said euro zone markets were still benefiting from last week's European Central Bank easing and from a broad retreat in oil prices on news that Saudi Arabia expects to quickly...
LONDON, Sept 18- A British fraudster has been sentenced to nine years in jail and ordered to pay 900,000 pounds after spending 15 years on the run, the UK Serious Fraud Office said on Wednesday. Christopher Woodhead, a 66- year-old former company director of chemical paint companies, used fictitious invoices, loans and cash transfers to extract nearly 450,000...
*Venezuela's crude inventories at highest since January 2018. MEXICO CITY/ PUNTO FIJO, Venezuela, Sept 18- V enezuela's state-run oil company PDVSA has suspended some crude blending and cut back production as inventories have swelled and U.S. sanctions scare off buyers and shippers, according to internal documents, sources and data. Venezuela's crude storage...
LONDON, Sept 18- Euro zone bond yields dipped on Wednesday before a Federal Reserve meeting that is expected to deliver the second U.S. interest rate cut of the year. Spain's bond market largely brushed off news that the country will hold its fourth election in four years on Nov. 10, after rival parties failed to break a months-long impasse in a deeply fragmented...
LONDON, Sept 18- Virgin Atlantic said on Wednesday it is hoping to add over 80 new routes to its network after a third runway is built at London's Heathrow Airport to challenge British Airways owner IAG's dominance at the airport. "Heathrow has been dominated by one airline group for far too long," said Shai Weiss, chief executive at Virgin Atlantic.
LONDON, Sept 18- Euro zone bond yields hardly budged on Wednesday before a Federal Reserve meeting that is expected to end with the second U.S. interest rate reduction of the year. Spanish bonds were steady, brushing off news that Spain will hold its fourth election in four years on Nov. 10, after rival parties failed to break a months-long impasse in a deeply...
*CEO Giovanni Castellucci resigns after 13 years at helm. The bridge disaster last year in Genoa claiming 43 lives brought Atlantia under heavy political pressure, with the ruling coalition 5- Star Movement calling for it to be stripped of its lucrative motorway concession. At a board meeting, Atlantia's CEO Giovanni Castellucci agreed to step down after 13...
The collapse last year of a bridge in Genoa claiming 43 lives brought Atlantia under heavy political pressure, with the ruling coalition 5- Star Movement calling for it to be stripped of its motorway concession. Castellucci and other top managers at the infrastructure group are under investigation for the Genoa bridge collapse, along with officials at...
The Southern European economy has been at a political impasse since a general election in April.
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