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Wires

  • LONDON, Nov 23- Britain must not get bogged down haggling over "pennies" in settling its Brexit divorce bill and focus instead on the "big pounds" that a trade deal with Europe would bring, the new Lord Mayor of London said. Many pro-Brexit campaigners say Britain should walk away from the talks without paying any money to Brussels to settle long-standing...

  • *Britain's economic prospects remain gloomy as Brexit looms. LONDON, Nov 23- A grim Brexit budget that slashed growth forecasts but gave young voters a tax break on buying their first property may have placated critics of British finance minister Philip Hammond, at least for now. Hammond was under intense pressure from within his own Conservative Party to spend...

  • MILAN, Nov 23- Italian bank Creval's planned 700 million euro new share issue will succeed and leave it in good shape for a merger which is certain to follow, its director general said. Bankers see a new wave of mergers in Italy's fragmented financial system over the next year to 18 months as regulators force smaller lenders to clean up their balance sheet, cut costs...

  • COPENHAGEN, Denmark— One of Finland's largest food companies is selling what it claims to be a first: insect bread. Markus Hellstrom, head of the Fazer group's bakery division, says one loaf contains about 70 dried house crickets, ground into powder and added to the flour. Hellstrom said in a statement that Finnish legislation was changed on Nov. 1 to allow the sale of...

  • STOCKHOLM, Nov 23- Sweden's Fingerprint Cards, whose ID technology is used in smartphones, said on Thursday it had been approached about a possible bid for the company, but added that it viewed the chances of a deal as low. It issued its statement after Swedish newspaper Dagens Industri reported that China's Beijing Watertek was preparing to bid for the company.

  • LONDON, Nov 23- Britain and the European Union have made progress on settling the status of the border with EU member Ireland, but there is more work to be done, a spokesman for Prime Minister Theresa May said on Thursday. "We have made progress in this area, in terms of the Common Travel Area for instance. There is more work to be done, everybody accepts that, but equally I...

  • *Markets in Japan, U.S. closed on Thursday. LONDON, Nov 23- Gold steadied on Thursday, having risen nearly 1 percent in the previous session, as the dollar sank after minutes from the U.S. "Gold is obviously still in need of a spark but we still see a chance of it reaching our year end target of $1,325," said Ole Hansen, head of commodity strategy at Saxo Bank.

  • LONDON, Nov 23- Britain's parliament will debate the Brexit withdrawal bill on Dec. 4, and on a further four days in the month, the leader of the House of Commons said on Thursday.

  • LONDON, Nov 23- Investors yanked $2 billion from high-yield bond funds over the past week, the fourth straight week of outflows, Bank of America Merrill Lynch data showed on Friday, as they took profits in an asset class that has yielded double-digit returns this year. For example, an index of European high yield debt is trading one standard deviation below its...

  • Nov 23- Investment bank China Renaissance said on Thursday it expected its investment management arm's assets under management to triple to $10 billion over the next three years, as it looks to attract more foreign investors and launch diversified products including hedge funds. The Beijing- based firm, which currently has over $3 billion worth of assets...

  • LONDON, Nov 23- Another flurry of upbeat economic data pushed most bond yields in the euro area slightly higher on Thursday, before the release of minutes from the European Central Bank's October meeting when the bank laid out its plans for asset purchases next year. Focus also turned to the release of the minutes from the ECB's Oct. 26 meeting, given discussion...

  • Merkel herself has underscored that she is steadfast in her determination to lead Germany for another term and at first sight there are few options— In Merkel's Germany that translates to "Alternativlos," and in Europe, the choices beyond Merkel are very few too. By all means, Germany is the EU's powerhouse, the biggest country with the biggest economy smack in the...

  • LONDON, Nov 23- Copper prices were set for their first decline in five days on Thursday and other industrial metals also fell as concerns over demand from top consumer China were compounded by a sharp fall in Chinese share prices. COPPER: Benchmark copper on the London Metal Exchange was down 0.4 percent at $6,927 a tonne at 1055 GMT after touching $6,960, the...

  • LONDON, Nov 23- With bond yields set to rise and shares already trading at expensive prices, there is little upside left in equity markets, France's Societe Generale said on Thursday in its 2018 outlook. MSCI's gauge of stocks across the globe is currently at its highest levels ever, up about 17 percent since the beginning of the year with exchanges in Europe, the U.S....

  • DUBAI, Nov 23- Qatar National Bank, the largest bank in the Middle East and Africa, has put on hold plans to connect to Saudi Arabia's interbank payment network, as a regional political rift disrupts its growth plans in the kingdom, sources familiar with the matter said. They said the delay was prompted by the political rift, which led to Saudi Arabia, United Arab...

  • QATAR NATIONAL BANK PUTS ON HOLD PLANS TO CONNECT TO SAUDI ARABIA'S INTERBANK PAYMENT NETWORK- SOURCES.

  • DUBAI, Nov 23- Qatar National Bank, the largest bank in the Middle East and Africa, has put on hold plans to connect to Saudi Arabia's interbank payment network, as a regional political rift disrupts its growth plans in the kingdom, sources familiar with the matter said. They said the delay was prompted by the political rift, which led to Saudi Arabia, United Arab...

  • *Britain's economic prospects remain gloomy as Brexit looms. LONDON, Nov 23- A grim Brexit budget that slashed growth forecasts but gave young voters a tax break on buying their first property may have placated critics of British finance minister Philip Hammond, at least for now. Hammond was under intense pressure from within his own Conservative Party to spend...

  • The management of Linxens recently made presentations to interested parties in China to test their appetite, they said. An advisor is helping the company reach out to the prospective China suitors but there is no formal mandate or sale process at the moment, according to the people. President Donald Trump barred China- backed buyout fund Canyon Bridge from...

  • *Louisiana project would have cost $13 to $15 bln. *$11 billion chemical project forges ahead. JOHANNESBURG, Nov 23- South Africa's Sasol is pulling out of all of its gas-to-liquids greenfield projects including one in Louisiana project expected to cost $13 billion to $15 billion, the company said on Thursday.