*Europe, Japan say they will abide by G20 agreement on FX. TOKYO/ WASHINGTON, June 26- For decades the United States led the push for lower tariffs worldwide, but President Donald Trump is testing the solidarity of his G20 peers with a protectionist line on trade, putting central bankers in a tough spot with depleted resources to battle a downturn that may be coming...
June 25- Bombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation. Montreal- based Bombardier has been selling off its weaker-performing commercial plane programs aimed at airlines to focus...
June 25- Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation. Montreal- based Bombardier has been selling off its weaker-performing commercial plane programs aimed at...
*UK's FCA, Italian central bank call for more information. LONDON/ ZUG, Switzerland, June 25- Facebook's fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant's Libra project. "They are not going to walk through authorisation without that," Andrew Bailey, chief...
LONDON, June 25- Facebook's plan to expand into payments is not expected to be on the agenda of this week's G20 summit in Japan, but the social media giant's intentions could lead regulators to take a closer look at crypto assets, a G20 regulatory group said on Tuesday. "A wider use of new types of crypto-assets for retail payment purposes would warrant close...
The hackers also used tools linked to other attacks attributed to Beijing by the United States and its Western allies, said Lior Div, chief executive of Cybereason. Div later presented a step-by-step breakdown of the breach at a cybersecurity conference in Tel Aviv in the same session that the heads of U.S. and British cyber intelligence units and the head of...
*UK's FCA, Italian central bank call for more information. LONDON/ ZUG, Switzerland, June 25- Facebook's fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant's Libra project. "They are not going to walk through authorisation without that," Andrew Bailey, chief...
ZUG, Switzerland, June 25- A senior member of the Swiss National Bank said he was open-minded about Facebook's cryptocurrency project, while an Italian official looked for more information as central bankers try to get to grips with the initiative. "Overall I think it's an interesting development and I'm pretty relaxed about it," Thomas Moser, an alternate member...
FRANKFURT, June 25- BMW's new hybrid cars will automatically switch off their combustion engines in heavily polluted inner city areas and use pure electric driving mode as a way to cut vehicle emissions, the carmaker said on Tuesday. Even Germany's Ruesselsheim, home to carmaker Opel, needed to apply for state aid to build 1,300 charging stations.
The hackers also used tools linked to other attacks attributed to Beijing by the United States and its Western allies, said Lior Div, chief executive of Cybereason. Cybereason declined to name the companies affected or the countries they operate in, but people familiar with Chinese hacking operations said Beijing was increasingly targeting telcos in...
ROME, June 25- Italy's economy minister said on Tuesday he was confident about the chances of reaching an agreement with the European Union over Rome's budget, and the new deficit targets will show a "more than prudent" fiscal policy. Brussels is threatening to open a disciplinary action against Italy for its growing debt. "I do not see obstacles for an agreement...
YOKOHAMA, Japan, June 25- Nissan Motor Co Ltd on Tuesday threw cold water on hopes for a quick fix to strained relations with France's Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance. Speaking at Nissan's annual general meeting in Yokohama, Chief Executive Hiroto Saikawa said he wanted to preserve the...
TOKYO, June 25- Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. Brent climbed 5% last week and U.S. crude surged 10% after Iran shot down a U.S. drone on Thursday in the Gulf, adding to tensions stoked by attacks on oil tankers in...
TOKYO, June 25- Oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States but pressured by concerns about a potential decline in demand for crude. Washington has blamed the tanker attacks on Iran, which denies having any role. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other...
LONDON, June 24- Seeking to regain momentum in his bid to become the next prime minister of Britain, Boris Johnson said on Monday he was seriously prepared to take the country out of the European Union in October even if a deal with the bloc had not been reached. The former London mayor is still the frontrunner in the race to succeed Theresa May but his lead had been...
*Capgemini to offer 14 euros per Altran share. PARIS, June 24- French business consultancy firm Capgemini on Monday said it agreed to buy engineering and digital services company Altran for 3.6 billion euros to tap into the fast-growing engineering outsourcing services market. Capgemini said it would offer 14 euros per Altran share in cash, representing a 22%...
The move followed the EU not extending stock market equivalence to Switzerland after Brussels grew frustrated with Swiss foot-dragging over the long-discussed agreement. Bern said in response it would withdraw recognition from trading venues in the EU from July 1 to "protect the Swiss stock exchange infrastructure in the event of non-extension".
*Bitcoin touches 15- month high above $11,200. LONDON/ NEW YORK, June 24- Bitcoin tested 15- month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. Mati Greenspan, an analyst at eToro, said bitcoin's gains...
*But traders sit on sidelines amid UK leadership race. LONDON, June 24- Sterling hovered just off one-month highs reached earlier on Monday against the dollar, with traders reluctant to take big positions on the pound until the conclusion of the Conservative Party leadership contest. While the Bank of England sounded less dovish than other central banks last...
BRUSSELS, June 24- The European Commission could give Italy until January to make fiscal policy changes under an EU debt procedure, minutes of an EU meeting show, setting a relatively long deadline to help avert fines and any backlash from Rome's eurosceptics. The procedure, which EU finance ministers would need to endorse at meetings on July 8-9, would force...
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