×

Wires

  • COPENHAGEN, Dec 18- Potential investors in bitcoin should steer clear of a dangerous gamble and not complain to financial regulators if things do go wrong, Denmark's central bank governor warned. It is deadly, "central bank head Lars Rohde said in an interview with state broadcaster DR published online on Monday. On Sunday, France's finance minister said his...

  • *North Sea pipeline outage supports Brent. *Oil markets to be well supplied in 2018 despite OPEC- led cuts. LONDON, Dec 18- Oil rose on Monday, supported by a North Sea pipeline outage and a Nigerian oil worker strike.

  • The European Commission said on Monday that it was looking into two tax rulings issued to Inter Ikea, which operates Ikea's franchise business and collects a franchise fee of 3 percent of turnover from all Ikea shops via its subsidiary Inter Ikea Systems in the Netherlands. The Commission said the first tax ruling, which covered 2006 to 2011, resulted in a...

  • PARIS— French economy minister Bruno Le Maire has launched a lawsuit against American e-commerce giant Amazon for imposing unfair commercial relationships to suppliers in the country. The DGCCRF said in a statement on Monday that Le Maire is seeking a fine of 10 million euros. Investigators from the DGCCRF established that Amazon imposed a series of abusive...

  • SARAJEVO, Dec 18- An International Monetary Fund mission is in Bosnia for talks aimed at unlocking payouts under a $650 million loan programme which are frozen due to lack of progress by the authorities in carrying out economic reforms, the lender said on Monday. The IMF approved a three-year 550 million euro extended loan arrangement for Bosnia in Sept. 2016 and...

  • SARAJEVO, Dec 18- An International Monetary Fund mission is in Bosnia for talks aimed at unlocking payouts under a $650 million loan program which are frozen due to lack of progress by the authorities in carrying out economic reforms, the lender said on Monday. The IMF approved a three-year 550 million euro extended loan arrangement for Bosnia in Sept. 2016 and...

  • SARAJEVO, Dec 18- An International Monetary Fund mission is in Bosnia for talks aimed at unlocking payouts under a $650 million loan program which are frozen due to lack of progress by the authorities in carrying out economic reforms, the lender said on Monday. The IMF approved a three-year 550 million euro extended loan arrangement for Bosnia in Sept. 2016 and...

  • SARAJEVO, Dec 18- An International Monetary Fund mission is in Bosnia for talks aimed at unlocking payouts under a $650 million loan programme which are frozen due to lack of progress by the authorities in carrying out economic reforms, the lender said on Monday. The IMF approved a three-year 550 million euro extended loan arrangement for Bosnia in Sept. 2016 and...

  • BRUSSELS— The European Union is opening an in-depth probe into Ikea's taxation model in the Netherlands, its latest effort to go after sweetheart deals for big multinationals. The European Commission, the EU's executive branch, said it has suspicions that two tax Dutch rulings over the past dozen years have given the Swedish company of flat-box furniture an...

  • BRUSSELS, Dec 18- EU state aid regulators opened an investigation on Monday into Ikea's tax deals with Dutch tax authorities, saying that they may have given the Swedish furniture retailer an unfair competitive advantage. The European Commission said it was looking into two tax rulings for Inter Ikea, one of the groups operating the Ikea business.

  • EV battery company Solid Power said on Monday it had partnered with Germany's BMW AG to develop the next-generation solid-state battery technology for use in electric vehicles. BMW will assist in advancing Solid Power's technology to achieve performance levels required for high-performance EVs, Louisville, Colorado- based Solid Power said in a statement.

  • *Dinar bid at 4- week-highs as Fitch and S&P upgrade Serbia. BUDAPEST/ WARSAW, Dec 18- The crown eased on Monday despite a new Czech central bank measure to tighten liquidity, amid expectations that the bank will not continue to lift its main interest rates on Thursday. The latest, generally tame inflation figures in the European Union's eastern wing did not supply...

  • "If the whole thing falls apart at the last minute, it would be hugely positive for gold, but I think that is unlikely," said analyst Carsten Menke at Julius Baer in Zurich. Republicans said they expected Congress to pass a tax code overhaul this week, with a Senate vote as early as Tuesday. Spot gold faces a resistance at $1,262 per ounce and may hover below this level or...

  • LONDON, Dec 18- Nickel prices hit three-week peaks on Monday after China boosted expectations of higher demand by pledging to cut export taxes on some steel products, but sizeable inventories capped gains. CHINA: China said it would cut export taxes on some steel products and ditch those for sales abroad of steel wire, rod and bars from Jan. 1, which could boost...

  • *Will start EV sales in China, followed by Japan, U.S., others. TOKYO, Dec 18- Toyota Motor Corp said it would market more than 10 all-electric vehicle models globally in the early 2020 s, a target which could require the firm to look beyond a partnership with Panasonic Corp to co-develop and supply batteries. "As a mass-market automaker we need to expand our offering of...

  • *Acquisition to triple Statoil's output in Brazil. *Statoil sees Brazil as its core exploration area. OSLO, Dec 18- Statoil will triple its output off the coast of Brazil after agreeing to buy a 25 percent stake in Roncador, one of the country's largest oilfields, from national oil company Petrobras for up to $2.9 billion.

  • LONDON, Dec 18- Sterling rose on Monday, breaking a two-week losing streak as traders capitalised on the dollar's broad weakness to add positions after the European Union gave the green light to move Brexit talks to the next stage on Friday. With major currency pairs hemmed in broad trading ranges in the last few trading days of 2017, the dollar's weakness before...

  • LONDON, Dec 18- Hope for progress on U.S. tax reform and higher crude prices helped emerging markets make a cheerful start on Monday with much focus on South Africa's knife-edge leadership battle, which will set policy direction for Africa's most industrialised nation. But the spotlight was firmly on South Africa where the rand strengthened 0.8 percent as...

  • TOKYO, Dec 18- Idemitsu Kosan's founding family, locked in a battle with the firm's management over a proposed buyout of a rival, said on Monday it had increased its stake in the Japanese refiner by nearly 2 percentage points to more than 28 percent. The family bought more shares in Idemitsu after having its holding diluted when the company sold new stock earlier...

  • *MSCI World stock index hits record level. The benchmark MSCI World index, which tracks shares in 47 countries, rose 0.41 percent on Monday to hit a record high, putting it on course for its best year since 2009.. Germany's DAX index rose 1.2 percent, with the U.K.' s FTSE 100 up 0.5 percent.