The FCC, or Future Circular Collider, proposed by more than 150 universities and science institutes, would be a huge tubular circuit almost four times as long, with 10 times more power than the LHC at CERN, the European Centre for Nuclear Physics. But the decision on whether to go ahead with the FCC- incurring an initial 9 billion euro bill for participating...
HARARE, Jan 16- Protests against fuel price hikes in Zimbabwe have entered their third day, posing a major challenge for President Emmerson Mnangagwa who replaced long-time leader Robert Mugabe and promised to repair the creaking economy. The crisis will not be easy to fix. On Saturday, Mnangagwa announced to reporters that the price of petrol had increased to...
*Panalpina to consider 170 franc per share proposal. ZURICH/ COPENHAGEN, Jan 16- Denmark's DSV has made a $4.1 billion takeover approach to Swiss rival Panalpina to try to close the gap on the world's top three freight transport companies. DSV's approach to Panalpina comes just months after it failed in an attempt to buy Switzerland's Ceva Logistics.
**VIENNA- Hungarian central bank Deputy Governor Marton Nagy, Czech National Bank board member Vojtech Benda and Polish central bank Vice President Anna Trzecinska to participate in a panel discussion about monetary policy at a Euromoney conference on central and eastern Europe.- 0900 GMT. **VIENNA- European Central Bank Governing Council member Ewald Nowotny...
*China stimulus hopes provide support. LONDON, Jan 15- European shares rose on Tuesday after China signaled more stimulus measures to soften the blow from a tariff war with the United States, although fresh worries over bad loans hit Italian banks and uncertainty dominated ahead of a key Brexit vote. In the UK, the export-oriented FTSE 100 rose 0.6 percent and the...
President Donald Trump canceled plans to attend the forum himself last week.
Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo will lead the American delegation to the World Economic Forum in Davos, Switzerland, next week, filling in for President Donald Trump, two senior administration officials said. Trump, who attended last year's Davos event, had planned to go again this year but last week pulled out as he grapples...
*But mainland China seen holding up as tourist spending wanes. GENEVA, Jan 14- Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday. Some brands like Parmigiani, owned by the Sandoz Family Foundation and...
President Donald Trump on Monday defended his tough trade policies in front of thousands of farmers who have suffered because of his trade war with China, disappointing some who had hoped to hear a plan for a swift resolution. Trump dedicated much of his speech to explaining why he believes the United States needs a wall on its southern border, in his second...
**MADRID- Bank of Spain Governor Pablo Hernández de Cos will deliver a speech on the Spanish economy at the 9th edition of Spain Investors Day- 1900 GMT STRASBOURG, France- ECB President Mario Draghi participates in meeting of the plenary of the European Parliament to mark the 20th anniversary of the euro in Strasbourg 1030 GMT. STRASBOURG, France- The European...
President Donald Trump on Monday defended his tough trade policies in front of thousands of farmers who have suffered because of his trade war with China, disappointing some who had hoped to hear a plan for a swift resolution. China bought about $12 billion in American soy in 2017, but mostly shifted purchases to Brazil last year because of the trade dispute.
President Donald Trump on Monday defended his tough trade policies in front of thousands of farmers, a key constituency that has struggled because of his trade war with China, and promised fair trade deals that will put America's rural heartland back on its feet. "We've taken the toughest ever actions to address China's unfair trade practices," Trump told...
GENEVA, Jan 14- Venezuela has launched a complaint at the World Trade Organization to challenge Colombia's restrictions on the distribution of liquid fuels imported from Venezuela, a filing published by the WTO showed on Monday. Venezuela said Colombia was illegally discriminating against its fuel exports by imposing "a series of distribution and...
STRASBOURG, France- The European Central Bank's President Mario Draghi addresses the European Parliament and responds to questions from lawmakers about the ECB's annual report for 2017.- 1500 GMT OSLO- Norwegian Finance Minister Siv Jensen delivers speech on the "state of the nation" at a breakfast seminar- 0800 GMT. PHILADELPHIA, United States- Federal...
STRASBOURG, France- The European Central Bank's President Mario Draghi addresses the European Parliament and responds to questions from lawmakers about the ECB's annual report for 2017.- 1500 GMT OSLO- Norwegian Finance Minister Siv Jensen delivers speech on the "state of the nation" at a breakfast seminar- 0800 GMT. PHILADELPHIA, United States- Federal...
President Donald Trump's unbending demand for a wall to be built on the border with Mexico. Spot gold rose 0.5 percent to $1,292.92 an ounce by 1043 GMT. "President Trump increased the rhetoric with relation to opening the government and building the wall," said Naeem Aslam, chief market analyst at Think Markets UK.
*China sales expanded at healthy pace, Hong Kong slowed. PARIS, Jan 11- Cartier owner Richemont said "yellow vest" protests in France weighed on its sales at the end of 2018, but signalled healthy momentum within China that could bode well for some luxury goods rivals. Switzerland's Richemont, the world's second biggest luxury goods group, said sales growth had...
*China sales expanded at healthy pace, Hong Kong slowed. PARIS, Jan 11- Cartier owner Richemont on Friday said "yellow vest" protests in France weighed on its sales momentum in the last three months of 2018, even as growth in key markets like China kept up at a healthy pace. "Sales grew in all regions, with the exception of the Middle East and Europe," Richemont, which also...
*Gold expected to retest resistance at $1,299/ oz- technicals. Spot gold rose 0.6 percent to $1,293.55 per ounce as at 0604 GMT, heading for a fourth straight weekly gain. "The weaker dollar and a more dovish Fed are the two most alluring factors for gold," said Stephen Innes, APAC trading head at OANDA.
*Gold expected to retest resistance at $1,299/ oz- technicals. Spot gold rose 0.4 percent to $1,290.84 per ounce as at 0310 GMT, heading for a fourth straight weekly gain. "The weaker dollar and a more dovish Fed are the two most alluring factors for gold," said Stephen Innes, APAC trading head at OANDA.
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