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Asia Top News and Analysis Ukraine

  • FRANKFURT, Sept 22- Thyssenkrupp Steel and Tata Steel's plans to merge in Europe could enable them not just to cut costs but also raise prices, customers and shareholders say. The planned joint venture, announced on Wednesday, would create Europe's second-largest steel maker, with a market share of about 13 percent, according to data from the companies and the...

  • FRANKFURT, Sept 22- Thyssenkrupp Steel and Tata Steel's plans to merge in Europe could enable them not just to cut costs but also raise prices, customers and shareholders say. The planned joint venture, announced on Wednesday, would create Europe's second-largest steel maker, with a market share of about 13 percent, according to data from the companies and the...

  • *OPEC- led supply pact due to expire in March. Some ministers from the Organization of the Petroleum Exporting Countries, Russia and other producers were meeting in Vienna to discuss their deal to cut supplies that runs to March. Ministers said they would discuss extending the pact, although two OPEC sources said the group was unlikely to make a specific...

  • LONDON, Sept 22- Nickel hit a five-week low on Friday after trading fees were hiked in China to dampen speculation and steel prices slid with other metals as investors shunned risky assets after more North Korean tensions. Financial markets were rattled when North Korea said on Friday it might test a hydrogen bomb over the Pacific Ocean after U.S.

  • Sept 22- T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with peer Sprint Corp, people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. Japan's SoftBank Group Corp, which controls Sprint, will own between 40 and 50 percent of the combined company, two of the sources said...

  • LONDON, Sept 22- London stripped Uber on Friday of its licence to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world's biggest cities. Regulator Transport for London said Uber's conduct posed risks to public safety and it would not renew its licence when it expires on Sept. 30.

  • In Shanghai the most active contract went one better, hitting a six-year high of 17,250 yuan per tonne. Well, it's not exactly Christmas, but in China winter has come early with the first aluminium smelters now powering down ahead of the mandated cuts over the "winter heating season". China's "Air Pollution Control" regulation, formally approved in February,...

  • LONDON, Sept 22- London stripped Uber on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world's biggest cities. Regulator Transport for London said Uber's conduct posed risks to public safety and it would not renew its license when it expires on Sept. 30.

  • London, Sept 22- Oil prices were marginally firmer on Friday, as the market waited to see whether major producers meeting in Vienna would back an extension to output cuts beyond March next year. Some ministers from the Organization of the Petroleum Exporting Countries and from other producers led by Russia are set to discuss a possible extension to the current...

  • LONDON— Uber will lose its license to operate in London because it may be endangering public safety and security, the local regulator said Friday, in a severe blow to a company already facing big questions over its corporate culture. The company, which has been beset by a litany of scandals over its management style— from accusations of sexism to the illegal use of...

  • *North Korea rhetoric drives safe haven currencies. LONDON, Sept 22- Jitters over a fresh exchange of barbs between North Korea and the United States eased in Europe on Friday as strong economic data supported European stocks, and investors' focus turned to a planned speech by Britain's prime minister on Brexit. Europe's main stock index recovered from early...

  • LONDON— A closely watched survey is showing that the eurozone economy, made up of the 19 countries that use the euro currency, has ended the third quarter on a strong note, in a development that further reinforces hopes about the state of the region's recovery. Financial information company IHS Markit says Friday that its main gauge of the eurozone's business...

  • *Bettencourt family has 33 pct stake in L'Oreal. PARIS, Sept 22- The death of the French matriarch of L'Oreal's founding family stirred speculation about the future of the world's largest cosmetics firm and its relationship with shareholder Nestle. Billionaire Liliane Bettencourt, listed by Forbes as the world's richest woman, died at the age of 94, her...

  • LONDON, Sept 22- Central banks are in danger of falling into a "debt trap" where they can't take needed action for fear of triggering defaults and economic turmoil, a senior Bank for International Settlements official said on Friday. In a speech in London, Claudio Borio, the head of the monetary and economic department at the central bank umbrella group, said it may be...

  • LONDON, Sept 22- Central banks are in danger of falling into a "debt trap" where they can't take needed action for fear of triggering defaults and economic turmoil, a senior Bank for International Settlements official said on Friday. In a speech in London, Claudio Borio, the head of the monetary and economic department at the central bank umbrella group, said it may be...

  • One of the issues May is expected to address in her afternoon speech in the Italian city of Florence is Britain's exit bill, which Brussels has demanded progress on before talks can progress. Britain has expressed frustration at the European Union's demands, with British ministers keen to start negotiating the terms of Britain's new relationship with the...

  • *FTSE 100 down 0.1 pct. LONDON, Sept 22- UK shares opened lower on Friday after North Korea's threat to test a hydrogen bomb over the Pacific ocean weighed on markets globally and as investors await Prime Minister Theresa May's speech on Brexit later in the afternoon. At the center of traders attention was May's attempt this afternoon to rescue stalled Brexit...

  • FLORENCE, Italy— Britain is prepared to abide by European Union rules and pay into the bloc's coffers for two years after leaving the EU in March 2019, Prime Minister Theresa May said Friday in a conciliatory speech intended to revive foundering exit talks. May traveled to Florence, Italy— birthplace of the Renaissance— in hopes of rebooting negotiations with the...

  • MILAN, Sept 22- European shares steadied on Friday amid fresh tensions over North Korea but remained near recent highs ahead of this weekend's general election in Germany, where conservative Chancellor Angela Merkel is expected to win a fourth term. L'Oreal rose as much as 6.7 percent after billionaire Liliane Bettencourt, whose family founded the firm and...

  • *N Korea tensions, China downgrade weigh on risk sentiment. North Korea said on Friday it might test a hydrogen bomb over the Pacific Ocean after U.S. The dollar dropped as much as 0.8 percent to 111.65 yen, before recovering to trade down around half a percent on the day at 111.96 yen in early London trade.