FRANKFURT, Germany— Sunday's national election in Germany will sound the starting gun for a renewed debate on fixing flaws in Europe's shared currency to prevent future crises. Macron's ideas are not new but several of them have faced resistance from Germany, always allergic to the idea of being handed the bill for other members' troubles.
FRANKFURT, Sept 24- Lufthansa is offering to pay 200 million euros to buy its insolvent smaller rival Air Berlin and is prepared to pay up to 100 million euros to meet operating costs to keep the airline going in the interim, newspaper Bild am Sonntag said on Sunday. On filing for insolvency last month the Berlin government promptly granted Air Berlin a 150...
BERLIN, Sept 23- Germany's foreign minister said on Saturday that he had been disappointed by British Prime Minister Theresa May's Brexit speech, adding to a downbeat reception from France ahead of the resumption of Brexit negotiations next week. Shortly afterwards, French President Emmanuel Macron said there was still not enough clarity on rules for...
ROME, Sept 23- Italy on Saturday raised its forecasts for economic growth this year and next and said it would cut the budget deficit by less than previously promised. On Wednesday the Paris- based Organisation for Economic Cooperation and Development forecast Italian growth of 1.4 percent this year and 1.2 percent in 2018, compared with euro zone growth of 2.1...
LONDON— Britain and the European Union are preparing to head back to the Brexit negotiating table after a speech by Prime Minister Theresa May that received a cautious welcome from the bloc's leaders. May stressed in her Friday speech that Britain wants to keep closes ties with the bloc and offered to keep paying the EU and following its rules during a two-year...
PRAGUE— It has never been so easy to start your own beer company. They cost 120,000 euros, weigh 3,000 kilograms and can generate 525 hectoliters of beer a year. Pavel Pozivil, who started Well Service two years ago and delivered his first ready-to-go beer lab this year, says he wants to encourage the growth of craft beers in countries such as the United States,...
Speaking to tens of thousands in Paris, Melenchon assailed the president's new labor decrees as a gift to greedy corporations and the financial markets that have both fueled income inequality. Macron, for his part, says the decrees are crucial to creating jobs and tackling France's chronic high unemployment. "The battle isn't over— it is beginning," Melenchon...
**FRANKFURT- ECB Vice President Vitor Constancio gives opening speech at Second ECB Annual Research Conference in Frankfurt, Germany 0700 GMT. **FRANKFURT- ECB Excecutive Board member Benoit Coeure chairing policy panel on "Exit from non-standard monetary policy" at Second ECB Annual Research Conference in Frankfurt, Germany 1445 GMT. SYRACUSE, New York- Federal...
**FRANKFURT- ECB Vice President Vitor Constancio gives opening speech at Second ECB Annual Research Conference in Frankfurt, Germany 0700 GMT. **FRANKFURT- ECB Excecutive Board member Benoit Coeure chairing policy panel on "Exit from non-standard monetary policy" at Second ECB Annual Research Conference in Frankfurt, Germany 1445 GMT. SYRACUSE, New York- Federal...
*North Korea rhetoric boosts safe-haven assets. Treasury and gold prices rose while the Japanese yen strengthened on Friday as a fresh exchange of barbs between North Korea and the United States fueled geopolitical concerns. "Increasing tensions with North Korea is putting a little bit of selling pressure on the dollar, especially against the Japanese yen,"...
TORONTO, Sept 22- Canada's main stock index was flat on Friday but ended the week up 1.9 percent as the heavyweight financials group gained ground, offsetting losses for telecom shares. The Toronto Stock Exchange's S&P/TSX composite index ended down 0.69 of a point at 15,454.23, one day after posting its highest close since early June. "We have got our head above...
Chief Executive Cem Karakas had earlier told Reuters the Turkish-owned company was looking at the U.S. portfolio Nestle put on the block in June, which includes regional mass-market brands such as Butterfinger, Crunch and 100 Grand and could be valued at around $2 billion. Late on Friday, Karakas said Pladis, which is owned by Turkey's Yildiz Holding, had decided...
Chief Executive Cem Karakas had earlier told Reuters the Turkish-owned company was looking at the U.S. portfolio Nestle put on the block in June, which includes regional mass-market brands such as Butterfinger, Crunch and 100 Grand and could be valued at around $2 billion. Late on Friday, Karakas said Pladis, which is owned by Turkey's Yildiz Holding, had decided...
NEW YORK, Sept 22- Oil prices ended nearly 1 percent higher on Friday, close to their highest levels in months, as major producers meeting in Vienna said they may wait until January before deciding whether to extend output curbs beyond the first quarter. Other ministers said a decision on extending cuts could be taken in November when OPEC holds its next formal...
PARIS/ MUNICH, Sept 22- French train maker Alstom and German engineering group Siemens said on Friday they were in talks about a tie-up of their rail activities as European companies struggle to cope with competition from China. A deal between Siemens and Alstom would mark the first industrial Franco-German alliance under President Emmanuel Macron as he...
SACRAMENTO, Calif.— California on Friday expanded its market for buying and trading permits to emit greenhouse gases to include the Canadian province of Ontario. California is aiming to reduce emissions by 40 percent from 1990 levels by 2030. Jerry Brown signed the agreement Friday in Quebec at a meeting with officials of both provinces, capping off a weeklong...
NEW YORK, Sept 22- Oil prices were mixed on Friday, hovering close to their highest levels in months, as major producers may wait until January before deciding whether to extend their output curbs beyond the first quarter. After the Organization of the Petroleum Exporting Countries and major producers finished their meeting in Vienna, Russia's energy minister...
DUBLIN/ BERLIN, Sept 22- Ryanair blames an internal "cock up," but its cancellation of 2,000 flights exposes the struggle that low-cost carriers face as they risk growing faster than their ability to recruit experienced pilots. Junior pilots are readily available, with hundreds unemployed in Britain alone, but Europe's budget airlines require many extra...
NEW YORK, Sept 22- Oil prices were mixed on Friday, hovering close to their highest levels in months, as major producers may wait until January before deciding whether to extend their output curbs beyond the first quarter. By 11:47 a.m. ET, Brent crude was up 14 cents, or 0.3 percent, at $56.57 a barrel, after hitting $56.87, its highest since March.
LONDON, Sept 22- Nickel slid 5 percent to a five-week low on Friday after trading fees were raised in China to dampen speculation and steel prices dropped 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...
