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  • BARCELONA/ LONDON, Nov 17- Vivendi's Universal Music Group could be worth more than $40 billion, Chief Executive Arnaud de Puyfontaine said on Friday, helping buoy shares in the French media group following third-quarter results where UMG was a highlight. Vivendi has floated the idea that UMG, the world's biggest music label, could be ripe for a stock market...

  • LONDON, Nov 17- The Norwegian sovereign wealth fund's proposal to ditch its oil and gas shares, though hugely symbolic in the battle against climate change, is unlikely to cause a rush to the exit by major investors in the sector in the short term. The move by the $1 trillion fund, the world's largest, rattled stock markets, exposing what is seen as one of the biggest...

  • LONDON— An aircraft and helicopter collided in mid-air Friday northwest of London and a "number of casualties" were reported, authorities said. Fire and ambulance services rushed to the scene at 12:06 p.m. GMT near Aylesbury in Buckinghamshire. The crash took place near Waddesdon Manor, which is managed by the Rothschild Foundation, a family charitable trust,...

  • LONDON, Nov 17- The European Union's markets watchdog has tightened its grip over the use of credit ratings compiled outside the bloc in a taste of what the "Big Three" ratings agencies in London face after Brexit. For a credit rating compiled outside the EU to be used for regulatory purposes in the bloc, it must be "endorsed" by a credit rating agency authorized by EU's...

  • LONDON, Nov 17- Gold rose on Friday as the dollar softened on uncertainty about the progress of what would be the biggest overhaul of U.S. taxes since the 1980 s. The U.S. House of Representatives approved on Thursday a package of tax cuts, while a Senate panel advanced its version of the legislation that has President Donald Trump's backing. "They're pricing out...

  • LONDON, Nov 17- The European Union's markets watchdog has tightened its grip over the use of credit ratings compiled outside the bloc in a taste of what the "Big Three" ratings agencies in London face after Brexit. For a credit rating compiled outside the EU to be used for regulatory purposes in the bloc, it must be "endorsed" by a credit rating agency authorised by EU's...

  • Congressional Republicans took important steps toward the biggest U.S. tax-code overhaul since the 1980 s, with the House of Representatives approving a broad package of tax cuts, and a Senate panel advancing its own version of the legislation sought by senior lawmakers and President Donald Trump. "We are seeing a very choppy ending to the week on the dollar...

  • LONDON, Nov 17- World stocks clawed back more losses on Friday after spending much of the week in the red, helped by signs of progress in U.S. tax reform and strong corporate results, though many hurdles remain to secure passage of a tax cut deal. The U.S. House of Representatives passed a tax overhaul expected to boost share prices if it becomes law.

  • PANAMA CITY/ TORONTO, Nov 17- In the spring of 2007, a succession of foreigners, many from Russia, arrived at Panama City airport to be greeted by a chauffeur who whisked them off in a white Cadillac with a Donald Trump logo on the side. "Mr Nogueira was an outgoing and lively young man," remembered Justine Pasek, who was crowned Miss Universe by Donald Trump in 2002 and was...

  • *GRAPHIC-Electric vehicles on the rise: http://tmsnrt.rs/2eNwQoZ. LONDON, Nov 17- Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. "The value of lithium carbonate and natural...

  • *Spot gold biased to rise above $1,270- $1,286 range- technicals. LONDON, Nov 17- Gold rose on Friday on the back of a softer dollar after a report about a U.S. probe requesting more documents linked to possible Russian interference in the 2016 election. "The plot seems to thicken day by day and what that does is make less likely political compromise over tax cuts and...

  • LONDON— Many British businesses are becoming cautious as they try to gauge the impact of the country's looming departure from the European Union. But there's one industry enjoying a "Brexit bounce"— the tourism sector. Official figures released Friday show that overseas residents made 3.9 million visits to Britain in August, up 5 percent on a year earlier.

  • LONDON, Nov 17- Sterling rose on Friday and is set for a second consecutive week of gains as investors covered their short positions before the weekend with Britain's path out of the European Union looking complicated. "The UK government is definitely struggling with the Repeal Bill in the House of Commons, and it seems the market still looks at any softening of...

  • LONDON, Nov 17- World stocks continued to claw back losses on Friday after spending much of the week in the red, boosted by signs of progress in U.S. tax reform and strong corporate results. The U.S. House of Representatives passed a tax overhaul expected to boost share prices if it becomes law. The legislative battle now shifts to the Senate.

  • *FTSE 100 down 0.3 pct. The FTSE 100 was set for its second week of losses as a worldwide sell-off took the shine off risky assets, and Thursday's bounce proved to have little staying power. Pay-TV firm Sky shot up 3.1 percent to the top of the FTSE after sources said Comcast Corp and Verizon Communications had expressed interest in acquiring part of Rupert...

  • LONDON, Nov 17- Bankers relocating from London to other European financial hubs following Britain's exit from the European Union could face lower pay packages, according to an industry survey published on Friday by compensation consultant Emolument. The average managing director, one of the more senior ranks in investment banking, earns 478,000 pounds a...

  • LONDON, Nov 17- The dollar slipped to a four-week low against the yen on Friday, after a newspaper report that investigators probing possible Russian interference in the 2016 U.S. election had subpoenaed President Donald Trump's election campaign for documents. The bill- which would bring about the biggest U.S. tax-code overhaul since the 1980 s- will now move to...

  • LONDON, Nov 17- Bankers relocating from London to other European financial hubs following Britain's exit from the European Union could face lower pay packages, according to an industry survey published on Friday by compensation consultant Emolument. The average managing director, one of the more senior ranks in investment banking, earns 478,000 pounds a...

  • British Prime Minister Theresa May says she's hopeful that European Union leaders will give the green light next month to expand Brexit talks to include their future relations and trade. She added: "I look forward to the European Union responding positively to that so we can move forward together and ensure that we can get the best possible arrangements for the...

  • GOTEBORG, Sweden— European Union leaders warned Britain on Friday that it must do much more to convince them that Brexit talks should be broadened to cover future relations and trade from next month onward. With British Prime Minister Theresa May mired in political disputes at home, Friday's EU summit in Sweden again showed that the negotiations on Britain's...