BERLIN, June 25- German business confidence ebbed in June to its lowest in more than a year, suggesting the mood among company executives in Europe's biggest economy is darkening as the world edges towards a full-blown trade war. Activity in all four economic sectors measured by the Munich- based Ifo institute in Monday's survey- manufacturing, services, trade...
*Lira trims gains after rallying on Turkey president vote win. LONDON, June 25- A rally in the euro faded on Monday as the dollar edged up with trade tensions between the United States and the European Union seen deciding the near-term direction for the currencies. The report added to the sense of caution felt after President Trump on Friday threatened to impose a...
BERLIN— A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has declined slightly although managers' outlook for the months ahead remains at least slightly optimistic. The Ifo institute said Monday that its monthly confidence index was down to 101.8 points for June from 102.3 last month. Economists had forecast a...
BERLIN, June 25- German business confidence deteriorated in June, a survey showed on Monday, suggesting the mood among company executives in Europe's biggest economy is darkening in light of the threat of a global trade war. The Munich- based Ifo economic institute said its business climate index fell to 101.8, falling slightly less than predicted in a Reuters...
While Britain and the EU have agreed in principle on a transition deal lasting from Brexit next March to the end of 2020, it is part of a broader divorce settlement that has yet to be formally adopted. Banks' preparations for the potential departure of Britain from the EU without a ratified withdrawal agreement are inadequate, the European Banking Authority...
*Changes take shine off record-breaking Warsaw bourse. WARSAW, June 25- Poland's ruling party has set off a new flurry of changes to the leadership of state-controlled companies, putting investors off a stock exchange that beat all emerging markets last year. the Warsaw Stock Exchange WIG20 down 18 percent in.
*Vacancy rate for Berlin office space under 2 pct. BERLIN, June 24- Nearly 30 years after the fall of the Wall, "cool" Berlin is booming, with some 40,000 people moving to the German capital every year to work not just at its vibrant tech start-ups but also increasingly at big multinational firms. Average office rents in Berlin are now the highest in Germany- although...
*OPEC to raise output to make up for unforeseen disruptions. *Analysts warn of limited spare capacity for higher OPEC output. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million bpd to tighten the market and prop up prices.
*Ten LME members see average profits rise of 30 pct. *Brokers benefit the most from high volumes, volatility. LONDON, June 25- Surging volumes and volatility in industrial metals so far this year, largely due to U.S. sanctions slapped on Russian aluminium producer Rusal, have been a major money-spinner for several brokers and banks after years of tepid market...
*OPEC agrees to raise output to make up for unforeseen disruptions. *Analysts warn of limited spare capacity for higher OPEC output. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day to tighten the market and prop up prices.
*OPEC agrees to raise output to make up for unforeseen disruptions. *Analysts warn of limited spare capacity for higher OPEC output. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day to tighten the market and prop up prices.
*OPEC agrees to up output to make up for unforeseen disruptions. *Analysts warn of limited spare capacity for higher OPEC output. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day to tighten the market and prop up prices.
*Who can and who can't raise crude output within OPEC: https://reut.rs/2M8auJY. The Saudis appear to have emerged as the winners from last week's meeting of the Organization of the Petroleum Exporting Countries, and the subsequent talks between OPEC and its allies in the deal to restrict output. The market consensus after the OPEC meeting in Vienna on June 22,...
SINGAPORE, June 25- Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries in Vienna on Friday. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day to tighten...
**DUBLIN- International Monetary Fund Managing Director Christine Lagarde visits Dublin. **FRANKFURT- Introductory remarks by ECB Vice President Luis de Guindos at the Bond Market Contact Group organized by the ECB in Frankfurt 1200 GMT. **LONDON Bank of England external member of the Monetary Policy Committee Jonathan Haskel's Treasury Select Committee...
FRANKFURT, June 25- Britain's looming departure from the European Union has led nearly half of big companies from the rest of the bloc to cut investment in the country, a poll of 800 executives released two years after the Brexit referendum found. The survey, by law firm Baker& McKenzie, also found that three quarters of bosses wanted Brussels to make concessions to...
SAN FRANCISCO— At San Francisco's Tawla restaurant, Muna Anaee powdered her hands with flour and gently broke off a piece of golden dough to prepare bread eaten in Iraq, the country she fled with her family. The Refugee Food Festival— a joint initiative of the United Nations Refugee Agency and a French nonprofit, Food Sweet Food— started in Paris in 2016 and came to...
The demonstrators— many of them families pushing strollers, people on bikes and samba bands— walked through the Berlin's government district on Sunday, ahead of next week's first meeting of Germany's commission on exiting coal use. About 22 percent of Germany's electricity still comes from burning soft lignite coal— and a further 12 percent from hard coal—...
*Vacancy rate for Berlin office space under 2 pct. BERLIN, June 24- Nearly 30 years after the fall of the Wall, "cool" Berlin is booming, with some 40,000 people moving to the German capital every year to work not just at its vibrant tech start-ups but also increasingly at big multinational firms. Average office rents in Berlin are now the highest in Germany- although...
VIENNA, June 23- Iran said on Saturday the world will see little extra oil reaching the market if OPEC and its partners adhere properly to a supply pact, underlining a disagreement with top exporter Saudi Arabia. OPEC and a group of non- OPEC countries agreed on Saturday that they would return to 100 percent compliance with previously agreed oil output cuts, after...
