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Wires

  • LUANDA, Dec 14- Angola's President João Lourenço has told Angolans to repatriate funds illegally held abroad in coming months or risk prosecution, in a bid to spur domestic investment and combat corruption. The announcement marks one of Lourenço's boldest policy moves since he took power in September and suggests he intends to try and draw a line under...

  • LONDON, Dec 14- Sterling edged higher on Thursday, as traders awaited a Bank of England meeting that will be watched for signs of whether recent progress in Brexit talks and higher UK inflation could speed up the pace of future interest rate hikes. Markets will be looking for signs that last week's European Commission judgement that sufficient progress had been...

  • *Driver shortage in London, south east. LONDON, Dec 14- British online grocer Ocado suffered a slow down in sales growth in its latest quarter, blaming a shortage of drivers across the industry and increasing wage costs. Ocado, which last month secured its biggest overseas deal so far- a partnership with French supermarket group Casino- said that in parts of London...

  • MOSCOW, Dec 14- Russia and Saudi Arabia have signed a roadmap for cooperation in the atomic energy sector, Russian state nuclear company Rosatom said on Thursday. The roadmap comprises a number of steps needed to implement a cooperation program that was signed by the two nations during Saudi King Salman's visit to Russia in October. Saudi Arabia, which wants to...

  • Federal Reserve gave investors pause before a series of central bank decisions in Europe. The European Central Bank and the Bank of England are due to announce their final policy decisions of the year later in the day, with both expected to keep benchmark rates on hold. Banks were the worst-performing sector in Europe as cautious comments from Fed Chair Janet...

  • LONDON— Britain's chief Brexit negotiator says a situation in which the U.K. crashes out of the European Union without a deal has become "massively less probable" because of a preliminary agreement reached last week. EU leaders meeting in Brussels Thursday and Friday are expected to sign off on last week's agreement between Britain and the bloc, and to let talks...

  • *Institute lifts growth forecast for Europe's biggest economy. *Germany's strong upswing to extend far into next year. BERLIN, Dec 14- The German economy will expand by 2.6 percent next year, the Ifo institute said on Thursday in its updated forecast for Europe's economic powerhouse, pointing to a broad upswing that is generating record-high employment and...

  • LONDON, Dec 14- Businesses across the euro zone are ending 2017 on a near seven-year high, with demand and price pressures picking up and forward-looking indicators pointing to a busy start to 2018.. December's upbeat numbers come the month before the European Central Bank is set to cut in half its monthly asset purchases to 30 billion euros.

  • LONDON, Dec 14- Russia's Sberbank plans to pay 50 percent of its earnings in dividends by 2020, under a favorable scenario, Chief Executive Herman Gref told investors on Thursday.

  • BERN, Dec 14- The Swiss National Bank expects inflation in Switzerland to exceed its target in three years' time- indicating a potential timeline for the central bank's exiting its ultra-loose monetary policy. The bank outlined its views hours before a meeting of the European Central Bank, which has reduced the pace of its asset purchase program, seen as the first...

  • *Bank of England announcement due at 1200 GMT. LONDON, Dec 14- British shoppers pounced on electrical goods and other Black Friday bargains last month, giving an unexpectedly big boost to retail sales, which contrasted with earlier signs of a subdued start to Christmas spending. But there was some unexpected cheer for retailers in November data from the Office...

  • *ECB to keep taps open while China, U.S. tighten policy. LONDON, Dec 14- Euro zone government bond yields rose on Thursday as further signs of economic strength in the bloc added to pressure on ratesetters ahead of a European Central Bank meeting. "Today's ECB meeting is all about the economic projections," said Nick Gartside, international chief investment officer...

  • President Donald Trump's collusion with Russia have damaged the U.S. political system and demonstrated disrespect for those who voted for Trump. Russian President Vladimir Putin says Russia is concerned about the U.S. considering a pullout from key nuclear arms control pacts, adding that Moscow will stick to them. Speaking at his annual news conference,...

  • LONDON, Dec 14- Sanjeev Gupta's GFG Alliance has struck a deal with tidal power firm Atlantis Resources that marks the British billionaire' s first step onto the stock market. In a statement, GFG Alliance, the $10- billion- turnover consortium that runs metals group Liberty House and energy and commodities group SIMEC, said Atlantis had agreed to buy SIMEC...

  • SAO PAULO, Dec 14- Brazil's chamber of deputies approved an extension of a preferential customs regime for the oil industry to entice investment in a vote late on Wednesday, according to the lower house's news agency website. The measure was approved without an amendment proposed in the Senate earlier this week that would have reduced the extension of certain...

  • LONDON, Dec 14- Emerging equities rose to a near two-week high on Thursday after the U.S. "We would need to see an incredible pick up in inflation and rate hikes to impact emerging markets but at present there is no basis for such an assumption," said Esther Reichelt, a strategist at Commerzbank in Frankfurt. The most closely-eyed is Turkey, where a Reuters poll...

  • BRUSSELS— The Latest on the European Union summit:. A new Polish prime minister makes his foreign debut at a European Union summit, a first test of whether the Western-educated former banker can bridge a deepening rift between his right-wing government and Brussels. European Union leaders are gathering in Brussels set to move Brexit talks into a new phase as...

  • LONDON, Dec 14- South African precious metals miner Sibanye-Stillwater has agreed to buy Lonmin in an all-share deal, valuing the troubled platinum producer at about 285 million pounds. Lonmin, the world's third biggest platinum producer, has been battling weak global platinum prices and soaring operating costs in South Africa, where laying off workers to...

  • LUANDA, Dec 14- Angola's President João Lourenço has told Angolans to repatriate funds illegally held abroad in coming months or risk prosecution, in a bid to spur domestic investment and combat corruption. But once that window, the dates of which have not yet been announced, passes: "the Angolan state will consider itself justified in regarding the money as...

  • MOSCOW, Dec 14- The Russian central bank is working in line with the law when it revokes licenses of banks as part of its banking sector supervision role, President Vladimir Putin said on Thursday.