THE HAGUE, Netherlands— If Angela Merkel wants to see how tough it can be to form a multiparty government, the German chancellor need only look across the border at the Netherlands, where four-party coalition talks are still grinding on more than six months after the election. On his way in, Dutch Prime Minister Mark Rutte said he did not have any tips for Merkel.
BERLIN, Sept 26- Conservatives in the state of Bavaria, agonising over heavy losses in Sunday's federal election, are shaping up as a big obstacle to Chancellor Angela Merkel's bid to forge a new three-way coalition in Germany. German voters punished Merkel's conservative bloc for her handling of the 2015 refugee crisis on Sunday, turning in droves to the...
FRANKFURT, Sept 26- A Chinese-led group has withdrawn its offer to buy a stake in German carmaker-backed mapping company HERE after it failed to win approval from a U.S. national security oversight board. Navinfo said in a statement that it spent months after the deal was announced in January seeking approval from the U.S. Committee on Foreign Investment.
*European shares struggle, euro slides below $1.18. *Wall Street seen flat ahead of Yellen speech. The single currency fell back under $1.18, still feeling the effects of Sunday's bruising German election win for Angela Merkel that had given it its worst day of the year.
LONDON, Sept 26- Brent oil prices hovered near 26- month highs on Tuesday, supported by Turkey's threat to cut crude exports from Iraq's Kurdistan region and signs of quicker market rebalancing. This potential loss, combined with 1.8 million bpd of output reductions by the Organization of the Petroleum Exporting Countries and non- OPEC producers, raised...
*Brazil rain eases planting concern. PARIS/ SINGAPORE, Sept 26- Chicago soybean futures edged lower on Tuesday as the market remained under pressure after its biggest one-day decline in six weeks in the previous session, with the focus on U.S. harvest progress and beneficial rain for planting in Brazil. The Chicago Board Of Trade's most-active soybean contract...
Sept 26- France's Total has agreed to pay $1 million for an option to buy a 25 percent stake in an oil exploration block offshore Guyana, its first foray into an area close to where ExxonMobil made one of the largest discoveries of the last decade. Eco Atlantic Oil& Gas, a small Canadian exploration company which earlier this year listed on London's junior AIM market,...
*French president to deliver speech on Europe at 1300 GMT. PARIS, Sept 26- French President Emmanuel Macron will attempt to marry his vision for Europe with the reality of German politics on Tuesday as he delivers a speech at the Sorbonne laying out plans for overhauling Europe's single currency zone. The FDP has also called for a phasing out of Europe's ESM...
*Cash to three-month spread widest since Jan 2007. LONDON, Sept 26- Zinc bulls have been waiting a long time for this, but the slow-burning supply crunch has at last travelled all the way down the supply chain to bite holders of short positions on the London Metal Exchange. The benchmark cash to three-month spread closed on Monday at a backwardation of $66 a tonne.
*China, Europe power stronger oil demand in 2017. SINGAPORE, Sept 26- Strong oil demand growth in emerging economies led by China and India but also from Europe is drawing down oil stockpiles faster than expected, putting the global market firmly on track to rebalance, senior industry executives said on Tuesday. Prices rallied in the third quarter of this year as...
*China, Europe power stronger oil demand in 2017. SINGAPORE, Sept 26- Strong oil demand growth in emerging economies led by China and India but also from Europe is drawing down oil stockpiles faster than expected, putting the global market firmly on track to rebalance, senior industry executives said on Tuesday. Prices rallied in the third quarter of this year as...
LONDON, Sept 26- The euro slipped below $1.18 for the first time in over a month on Tuesday after its worst day this year, as investors worried that months of coalition talks in Germany could hit the economy and make closer euro zone integration difficult. French President Emmanuel Macron, who wants a fundamental overhaul of the European Union's single currency...
WARSAW, Poland— JPMorgan Chase, one of the world's largest banks, says it is opening a new global corporate center in Warsaw, Poland, that will hire more than 3,000 people in the next three years. The move was announced Tuesday in Warsaw by Steve Cohen, JPMorgan Chase's managing director, and Mateusz Morawiecki, Poland's deputy prime minister and development...
AMSTERDAM/ PARIS, Sept 26- Family shareholders of commodity trader Louis Dreyfus have agreed to arbitration talks to settle a long-running dispute over a share sale, sources familiar with the matter have told Reuters. The minority shareholders asked in September 2015 to sell 16.6 percent of Louis Dreyfus Holding B.V., under a long-term agreement giving them an...
*Signs of political backlash in France. MUNICH/ PARIS, Sept 26- French politicians voiced concerns on Tuesday that a planned multibillion dollar merger of the rail assets of Alstom and Siemens could give the German company the upper hand. Siemens is expected to opt for a deal with Alstom rather an alternative with Canada's Bombardier, two sources familiar with...
LONDON, Sept 26- Europe's benchmark bond yield steadied on Tuesday after its biggest daily drop in seven weeks as investors waited for a Federal Reserve speech that may flesh out plans to tighten U.S. monetary conditions. The yield on Germany's 10- year bond, seen as a safe store of cash in times of stress, slid six basis points on Monday after an unexpectedly weak...
LONDON, Sept 26- Brent oil prices hovered near 26- month highs on Tuesday, supported by Turkey's threat to cut crude exports from Iraq's Kurdistan region and signs of quicker market rebalancing. This potential loss, combined with 1.8 million bpd of output reductions by the Organization of the Petroleum Exporting Countries and non- OPEC producers, raised...
LONDON— The Latest on negotiations over Britain's exit from the European Union:. Britain's foreign secretary says his government will ensure the rights of Romanians living in Britain are protected after Brexit— though he didn't give details. The rights of Europeans living in Britain are one of the key issues in the talks over Britain's exit from the European...
*Wall Street slips as N.Korea claims Trump declared war. LONDON, Sept 26- World stocks and the euro fell for a fourth day on Tuesday, as investors that had piled into both all year took a step back as the list of global uncertainties began to lengthen again. Asian stocks wilted in line with Wall Street overnight and European bourses struggled too, despite solid French...
*Some concerns in France over losing control to Germany. PARIS, Sept 26- Shares in Alstom and Siemens slipped on Tuesday, amid concern over political fallout in France from a mooted multibillion-dollar merger of their rail assets, a move that could give Siemens the upper hand. Siemens is expected to decide on Tuesday to pursue a transaction with Alstom rather than...
