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  • BRUSSELS, Dec 15- Luxembourg is challenging a European Union order to recover about 250 million euros in back taxes from Amazon, saying it disagreed with EU state aid regulators' decision that the U.S. online retailer had received special treatment. The appeal to the Luxembourg- based General Court, Europe's second-highest, comes two months after the European...

  • BEIJING, Dec 15- China will cut export taxes on some steel products and fertilisers and ditch those for sales abroad of steel wire, rod and bars from Jan. 1, the Ministry of Finance said on Friday, in a series of measures that could boost shipments. The move is likely to stir concerns among foreign competitors in the United States and Europe that China, the world's top...

  • BEIJING, Dec 15- China will cut export taxes on some steel products and fertilizers and ditch those for sales abroad of steel wire, rod and bars from Jan. 1, the Ministry of Finance said on Friday, in a series of measures that could boost shipments. The move is likely to stir concerns among foreign competitors in the United States and Europe that China, the world's top...

  • SINGAPORE, Dec 15- Commodities trader Noble Group Ltd is negotiating a debt restructuring program with its creditors to stay out of an insolvency process and expects to receive proposals soon, its chairman said on Friday. Paul Brough, a restructuring specialist who was appointed chairman this year, said the company was pulling out all stops to avoid an...

  • BUDAPEST, Dec 15- The crown touched five-week lows against the euro on Friday due to concerns ahead of next week's Czech central bank meeting that its resolve to boost interest rates has weakened. The forint and the zloty received some support from the European Central Bank's dovish message after its Thursday meeting. Monetary stimulus in the euro zone has been...

  • *Sales fall in three months to end of November. *Company struggling to adjust to rapid growth of online. STOCKHOLM, Dec 15- Fashion chain H&M's sales fell unexpectedly in the past three months as it attracted fewer shoppers to its stores, sending its shares plummeting and underlining its struggle to adapt to a shift to online retail.

  • OTTAWA, Dec 15- More a quarter of Canadian firms could move part of their operations to the United States amid uncertainty over the future of the NAFTA trade pact, the nation's export credit agency said on Friday. Canada sends 75 percent of all goods exports to the United States and could be badly hit if Washington walks away from the North American Free Trade...

  • The move comes after Ryanair pilots in several countries threatened to strike in the busy run-up to Christmas, with the first by pilots and cabin crew in Italy due to take place between 1400 and 1800 GMT on Friday. A source for Italy's main pilot union ANPAC told Reuters the strike had been called off, but Italy's FIT-CISL transport union, which represents fewer...

  • Dec 15- After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research. An analysis of installation data suggests that most of the slowdown is traceable to a single company: Tesla Inc, which acquired sister company SolarCity about a year...

  • President Donald Trump's' America First' brand of economic nationalism is pushing Mexico to seek sanctuary in more open commercial ties elsewhere to soften the blow of a possible breakdown of the North American Free Trade Agreement. Trump's threats to dump NAFTA and his plan to slash corporate taxes have fired debate in Mexico over how to respond, from...

  • The move comes after Ryanair pilots in several countries threatened to strike in the busy run-up to Christmas, with the first by pilots and cabin crew in Italy due to take place between 1400 and 1800 GMT on Friday. A source for Italy's main pilot union ANPAC told Reuters the strike had been called off, but Italy's FIT-CISL transport union, which represents fewer...

  • LONDON, Dec 15- Sterling edged higher for a third consecutive day on Friday as investors bought the British currency on some optimism that Brexit negotiations will move to the next stage in January. "I think it is too early for sterling to reprice a soft Brexit deal even though we have seen some progress," said Morten Helt, an FX strategist at Danske Bank in Stockholm.

  • BEIJING— Britain's finance minister told the Chinese premier there are "many opportunities" for closer commercial ties as he started a visit Friday aimed at developing trade as the United Kingdom prepares to leave the European Union. "We see many opportunities to build on our strong relationship," said Hammond in the meeting at the Great Hall of the People in...

  • FRANKFURT, Germany— Germany- based sex shop chain Beate Uhse AG says its holding company is filing for bankruptcy restructuring after failing to raise financing from investors and restructure its debts. CEO Michael Specht said in a statement that the company's goal was "to quickly and sustainably implement operational and financial restructuring" while...

  • *Most invst banks are London- based, will partly relocate to EU. BRUSSELS, Dec 15- Large investment banks such as Goldman Sachs and JPMorgan will be subject to tighter controls in the European Union after Britain leaves the bloc, under EU draft proposals meant to prevent them exploiting laxer rules in EU member states. Big broker-dealers and investment firms are...

  • MOSCOW— Russia is to resume flights between Moscow and the Egyptian capital of Cairo in February after more than a two-year hiatus, Russian transportation minister said on Friday. Moscow suspended flights to Egypt after an Islamic State bomb brought down a Russian airliner over Sinai in October 2015, killing all 224 people on board. In comments on Russian state...

  • Russia's rouble was on track for a weekly gain but treading water ahead of a central bank meeting expected to deliver a key interest rate cut to 8 percent in what would be the sixth rate reduction so far this year. Rabobank strategist Piotr Matys expected Russia's central bank to continue trimming interest rates in 2018 as long as the rouble stays stable.

  • BEIJING _ Renren Inc. on Friday reported a loss of $22.8 million in its third quarter. For the current quarter ending in December, Renren said it expects revenue in the range of $95 million to $100 million. Renren shares have risen 30 percent since the beginning of the year.

  • BRUSSELS— Luxembourg is appealing a European Union decision that it has to claw back some 250 million euros in back taxes from Amazon. The EU decision in October was another attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states. The Luxembourg government announced Friday that its appeal "...

  • HONG KONG, Dec 15- Hong Kong is set to allow controversial dual-class shares under rule changes to be proposed by the city's stock exchange as it raises the stakes in its battle against New York for blockbuster Chinese initial public offerings. Hong Kong's proposed changes, which stem from a discussion paper published in June, come as a series of...