Europe Business

Tokyo's drive to expel zombie stocks hits small caps

04h23 The Tokyo Stock Exchange's push to weed out small and weak firms from its main board could take years, but some fund managers are already ditching small-caps for fear they could be excluded from. . .  Full story

UK's Hammond says EU won't consider alternatives to backstop for now

03h53 British Finance Minister Philip Hammond said on Tuesday it was clear the European Union will not now consider alternatives to the Irish backstop to help the UK government win support for its Brexit withdrawal. . .  Full story

May in Brussels again, seeking Brexit movement

03h00 British Prime Minister Theresa May makes another trip to Brussels on Wednesday, hoping European Commission chief Jean-Claude Juncker may prove more yielding than of late to salvage her Brexit deal.. . .  Full story

COLUMN-The United States' aluminium tariff wall is crumbling: Andy Home

03h00 It is almost a year since the United States imposed duties on imports of aluminium and steel on national security grounds.. . .  Full story

Kellogg, Mondelez stock up on Pringles, Milka for fear of Brexit

01h02 As Brexit looms, Kellogg Co and Mondelez International Inc are taking measures to protect Britons from a potential shortage of Pringles chips, BelVita biscuits and Milka chocolate.. . .  Full story

Allergan should explore selling itself - Appaloosa's Tepper

19/02 Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance.. . .  Full story

Brent dips as demand worries weigh, U.S. oil prices hit 2019 high

19/02 Oil prices were mixed on Tuesday as concerns about global crude oil demand and uncertainty over the latest round of U.S.-China trade talks countered investor optimism around tightening supplies.. . .  Full story

German halt in Saudi arms sales hurting UK industry - Hunt

19/02 Britain has urged Germany to exempt big defence projects from its efforts to halt arms sales to Saudi Arabia or face damage to its commercial credibility, the German magazine Der Spiegel reported on Tuesday.. . .  Full story

Italian police seize assets from four banks in diamonds probe - sources

19/02 Italy's tax police have carried out a seizure order for more than 700 million euros ($794 million) as part of a probe targeting the country's top four banks over alleged fraudulent diamond sales, two. . .  Full story

Palladium eyes $1,500/oz in record surge; gold hits 10-mth high

19/02 Palladium scaled a record peak to within striking distance of the $1,500 level on Tuesday fuelled by a sharp supply deficit, while gold climbed 1 percent to hit a 10-month high on a. . .  Full story

EU raids salmon farmers in suspected cartel inquiry

19/02 Antitrust regulators raided salmon farms in several European Union countries on Tuesday, including some owned by Norway's Mowi, in a suspected cartel inquiry.. . .  Full story

EU insurance watchdog seeks to avoid Brexit no-deal disruption

19/02 Policies bought by European Union customers from British insurers would still be valid if the UK crashes out of the bloc next month with no deal, the EU's insurance watchdog said on Tuesday.. . .  Full story

Barclays hoped 2008 cash call would drive international growth, court told

19/02 Barclays believed deals with strategic investors during the 2008 financial crisis would help to provide a springboard for its international ambitions, the bank's former chairman told a London criminal trial on Tuesday.. . .  Full story

France, Cyprus bring syndicated bonds in supercharged market

19/02 France and Cyprus took full advantage of a market supercharged by expectations of more monetary stimulus from the European Central Bank to print syndicated bonds on Tuesday.. . .  Full story

HSBC, stronger pound pressure FTSE 100; Greggs outshines mid-caps

19/02 Britain's main index fell on Tuesday, weighed down by disappointing results from blue-chip heavyweight HSBC and a stronger pound, while mid-cap baker Greggs surged to a record high after guiding to higher full-year profits.. . .  Full story

Kerry forecasts 'grave' no-deal Brexit fallout for Irish food firms

19/02 Ireland's Kerry Group warned on Tuesday of "grave consequences" for Irish food producers if Britain leaves the European Union without a replacement trade deal.. . .  Full story

Copper hits 11-week peak on hopes for trade deal, soft dollar

19/02 Copper prices touched their highest in more than two months on Tuesday due to a weaker dollar and hopes that the United States and China would forge a trade deal.. . .  Full story

European shares slip from October highs as banks weigh

19/02 European shares dipped on Tuesday as a disappointing update from HSBC hit the heavyweight banking sector and a rally fuelled by optimism about a possible Sino-U.S. trade deal ran out of steam.. . .  Full story

Honda to close British car plant as Brexit looms

19/02 Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is. . .  Full story

Raw sugar hits 3-1/2 month top after white in technical push

19/02 Raw sugar futures on ICE climbed to a 3-1/2 month high on Tuesday in the wake of a similar peak for white sugar in London, as a technically driven rally continued, while coffee lost. . .  Full story

Germany, France agree proposals for euro zone budget - German media

19/02 Germany and France have agreed a proposal for a common euro zone budget to be used to reward countries that successfully implement economic reforms and to finance strategic investments, German media reported on Tuesday.. . .  Full story

Aviva, NatWest to join "Brexodus" of business to EU

19/02 England's High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion) in assets to a new Irish company just before the starting gun is. . .  Full story

British farmers face Brexit date shipment conundrum

19/02 British farmers and food producers must decide whether to proceed with shipments next week because exports could face tariffs if Britain leaves the European Union without a deal, a farming leader said on Tuesday.. . .  Full story

Kellogg stocks up on Pringles, cereals for fear of 'hard Brexit'

19/02 As the possibility of a no-deal Brexit looms, Kellogg Co is taking measures to protect Britons from a potential shortage of Pringles, the UK's second-favorite brand of chips.. . .  Full story

Danske Bank pulls out of Russia, Baltics after money-laundering backlash

19/02 Danske Bank will pull out of Russia and the neighbouring Baltic states, the Danish lender said after Estonia ordered it to close the branch at the centre of one of the largest-ever money laundering scandals.. . .  Full story

HeidelbergCement sees easier 2019, CEO to step down

19/02 HeidelbergCement's long-standing CEO will step down next year before potentially moving to head the supervisory board in 2022, the German company said on Tuesday, as it forecast a rise in demand and margins this. . .  Full story

As traders tussle over tankers, Turkmenistan slashes oil exports

19/02 A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.. . .  Full story

Greek central bank head asks government to rein in minister

19/02 Greek central bank governor Yannis Stournaras called on the government on Tuesday to rein in a minister who he said had tried to interfere with the bank's independence when he phoned him about inquiries. . .  Full story

Norwegian Air's owners approve deep-discount share sale

19/02 Norwegian Air's shareholders overwhelmingly endorsed on Tuesday the lossmaking airline's plan for a deeply discounted cash call to help bolster its finances, Chairman Bjoern Kise said.. . .  Full story

Hunt: German halt in Saudi arms sales to hit British defence industry-report

19/02 Britain's foreign minister has written to Germany's foreign minister expressing concern about the effect of Germany's halt in exports to Saudi Arabia on both the British and European defence industry, a magazine reported on Tuesday.. . .  Full story

Glencore to cut output, jobs at copper, cobalt mine in Congo - WSJ

19/02 Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported https://on.wsj.com/2GxACiU, citing sources on Tuesday.. . .  Full story

France, Germany seek veto for EU governments on antitrust cases

19/02 France and Germany on Tuesday proposed to give the European Council, the forum representing European Union governments, the right to override some antitrust decisions by the European Commission in certain "well-defined cases".. . .  Full story

DEFINED CASES"

19/02 . . .  Full story

BP to ramp up Azeri Shah Deniz gas output, sees flat ACG oil production

19/02 BP plans to ramp up production at Azerbaijan's Shah Deniz gas field and keep output flat at the Azeri-Chirag-Guneshli (ACG) oilfields this year, a senior regional official at the British oil major said.. . .  Full story

'Phantom volcanoes' may hide more oil and gas in the North Sea - study

19/02 An unexplored 7,000 square kilometre (2,700 square mile) swathe of the British North Sea, previously thought to contain empty chambers left by three extinct volcanoes, may hide oil and gas instead, the University of Aberdeen. . .  Full story

Asda reports slowdown in rate of quarterly sales growth

19/02 Asda, the British supermarket arm of Walmart that has agreed to be acquired by rival Sainsbury's, reported a slowdown in the rate of underlying sales growth in its fourth quarter.. . .  Full story

The United States' aluminium tariff wall is crumbling: Andy Home

19/02 It is almost a year since the United States imposed duties on imports of aluminium and steel on national security grounds.. . .  Full story

Activist Bramson's unlikely Barclays board seat bid sharpens scrutiny of bank

19/02 Activist investor Edward Bramson's bid to join the Barclays board is destined to fail, shareholders told Reuters, though he has sharpened scrutiny of its investment banking strategy that Bramson argues has depressed profitability.. . .  Full story

Get Brexit sorted out, UK business minister says after Honda plant decision

19/02 The United Kingdom must urgently end the uncertainty over its exit from the European Union so that businesses can have clarity about the future, business minister Greg Clark said just hours after Honda said. . .  Full story

Vegan sausage rolls bring in the dough at UK baker Greggs

19/02 Strong demand for Greggs' new vegan sausage roll prompted Britain's biggest baker to raise its 2019 profit expectations on Tuesday, boosting its shares to a record high.. . .  Full story

German govt unlikely to make quick decision on Huawei - source

19/02 The German government will probably not take a quick decision on whether to allow China's Huawei to build Germany's 5G network, a government source said on Tuesday.. . .  Full story

Environmentalists seek tougher EU curbs on Balkan coal power plants

19/02 Environmentalists urged EU policy makers on Tuesday to take a tougher stance on air pollution from coal power plants in the Western Balkans, blaming the fumes for 3,900 deaths across Europe each year.. . .  Full story

VW customer plans to take diesel case to Germany's highest court

19/02 A German court on Tuesday ruled in favour of Volkswagen in a case brought by a customer seeking compensation for having bought a diesel car affected by emissions cheating, but the plaintiff's lawyer plans to. . .  Full story

German prices up, French down on mixed fundamentals

19/02 German prompt power prices rose on Tuesday on less wind power production and export demand from neighbouring countries, while those in France fell on higher nuclear power availability and lower demand.. . .  Full story

Estonian regulator to close Danske Bank unit -TV report

19/02 Estonia's financial supervisory authority has decided to close Danske Bank's Estonian operation, broadcaster ERR reported on Tuesday without citing sources.. . .  Full story

WTO warns of global trade slowdown as indicator hits 9-year low

19/02 A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World. . .  Full story

UK jobs market defies economy's Brexit slowdown

19/02 British workers' pay growth maintained its fastest pace in a decade in late 2018 and job creation stayed strong, data showed, suggesting the labour market was buoyant ahead of Brexit as the broader economy slowed.. . .  Full story

Northern Europe set for warmer than normal spring

19/02 Northern Europe will experience above normal temperatures for the better part of March to May, with most of the continent enjoying a generally warm and wet spring, The Weather Company said on Tuesday.. . .  Full story

China's Fosun makes bid for German fashion chain Tom Tailor

19/02 Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe's fashion sector.. . .  Full story

France launches debt sale in market supercharged by ECB expectations

19/02 France and Cyprus launched syndicated bond sales on Tuesday as euro zone government bond yields were hovering near lows on expectations the European Central Bank will look to boost a faltering economy with cheap loans.. . .  Full story

HSBC warns on China, UK slowdowns as 2018 profit disappoints

19/02 HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain.. . .  Full story

Ireland urges people not to stockpile medicines ahead of Brexit

19/02 Ireland's deputy prime minister on Tuesday called on people not to stockpile medicine before Britain quits the European Union, saying the country had at least eight weeks of supply and was moving to source. . .  Full story

Euro zone current account surplus shrinks to 2-year low

19/02 The adjusted current account surplus of the 19 countries sharing the euro narrowed to 16 billion euros in December from 23 billion euros in November, its lowest figure in two years, data from the. . .  Full story

Chinese traders freeze Australian coal orders amid 40-day customs delays - sources

19/02 Chinese coal traders have stopped ordering Australian coal as clearing times through China's customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp. . .  Full story

Berry Global gets until March 13 to decide on takeover of packager RPC

19/02 UK's takeover panel said on Tuesday that plastics maker Berry Global Group now has until March 13 to announce a firm intention to make an offer for British packager RPC Group.. . .  Full story

Russia's Sistema sells 51 pct in Lider-Invest to real estate developer Etalon

19/02 Sistema has agreed to sell 51 percent of real estate company Lider-Invest to homebuilder Etalon, the Russian conglomerate said on Tuesday.. . .  Full story

Fireballs and lights: Senegal's president promises a brighter future

19/02 In a campaign video featuring images of fireballs and flashing lights, Senegalese President Macky Sall is depicted in front of an express train, a motorway, a glass high-rise and then a sports arena.. . .  Full story

Bank of Georgia profits rise on lending boost

19/02 Bank of Georgia Group Plc reported an 11.8 percent jump in annual profit on higher lending thanks to a growing Georgian economy, but warned that growth of unsecured consumer loans would moderate on the. . .  Full story

BAWAG ups targets, dividend after estimate-beating 2018 earnings

19/02 Austrian bank BAWAG Group lifted its 2020 profit target and proposed paying a higher dividend after its focus on retail and small businesses paid off last year with an unexpected 14 percent increase in pre-tax. . .  Full story

Indonesia, South Korea aim to sign trade deal by November

19/02 Indonesia and South Korea agreed on Tuesday to resume talks on a bilateral trade and investment agreement and aimed to sign a deal by November.. . .  Full story

GLOBAL LNG-Asian prices drop to 17-mth low on tepid demand

19/02 Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, hitting a 17-month low as the market moved further away from the peak winter-demand period and inventories remained high in the. . .  Full story

EXCLUSIVE-Glencore to take 200,000 T of aluminium from ISTIM Port Klang warehouses

19/02 Mining giant Glencore has bought 200,000 tonnes of aluminium on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar. . .  Full story

UK manufacturers warn of "catastrophic" no-deal Brexit

19/02 Britain faces the "catastrophic prospect" of a no-deal Brexit next month due to the selfishness of some politicians and chaotic parliamentary proceedings, the head of the country's main manufacturing association said on Tuesday.. . .  Full story

Scotland to step up efforts to keep EU citizens after Brexit, Sturgeon says

19/02 Scotland will step up efforts to persuade EU citizens to stay after Brexit, its First Minister will tell French lawmakers on Tuesday, amid concerns about potential workforce shortages in the largest of the United Kingdom's. . .  Full story

Barclays launches more than 100 Brexit 'clinics' for small businesses

19/02 Barclays will host more than 100 clinics for small business customers in March to help them to prepare for Britain's exit from the European Union at the end of that month, the bank said. . .  Full story

'Wake up', Macron will tell Europe in major pre-Brexit speech -sources

18/02 French President Emmanuel Macron will describe Brexit as a wake-up call in a speech in coming weeks in which he will outline how Europe must be more assertive in the face of rival world. . .  Full story

Britain does not support total Huawei network ban -sources

18/02 British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge. . .  Full story

Palladium soars to record high; gold at near 10-month peak

18/02 Palladium surged to a record high on Monday as a sustained supply deficit boosted the autocatalyst metal, while gold rose to its strongest since April on a lower dollar.. . .  Full story

Former Lloyd's of London Chairman David Rowland dies

18/02 David Rowland, chairman of the Lloyd's of London between 1993 and 1997, has died, Lloyd's of London said in a statement on Monday. He was 85.. . .  Full story

Britain's Brexit secretary to meet with EU's Barnier again mid-week

18/02 Brexit Secretary Steve Barclay said he had a positive meeting with the European Union's chief negotiator Michel Barnier on Monday and would meet him again later in the week. (Reporting by Gabriela Baczynska Writing by Alissa. . .  Full story

ArcelorMittal looks to snag another piece of Essar empire

18/02 ArcelorMittal SA, the world's biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar's 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group's power portfolio.. . .  Full story

Germany bans Wirecard 'shorting' as prosecutors probe FT journalist

18/02 Germany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an investigation by German authorities.. . .  Full story

Glencore to take 200,000 T of aluminium from ISTIM Port Klang warehouses

18/02 Mining giant Glencore has bought 200,000 tonnes of aluminium on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar. . .  Full story

White sugar sets 3-1/2 month high, cocoa also climbs

18/02 White sugar futures rose to a 3-1/2 month high on Monday as the market extended the prior session's sharp advance, buoyed by further gains in crude oil and concerns about dry weather in top. . .  Full story

Copper rises after Indian court knocks back smelter reopening

18/02 Copper prices rose on Monday on concerns that supply will tighten after a court ruling cast doubt on the future of a smelter in India and a large mine in Indonesia said its export. . .  Full story

FTSE 100 dips as investors book in profits, pound strengthens; Reckitt shines

18/02 A stronger pound propelled Britain's midcap index to more than a three month high on Monday, while gains in the currency and a selloff in defensive stocks kept the blue-chip index away from its. . .  Full story

Greece at risk of not getting euro zone cash as reforms lag - officials

18/02 Greece is at risk of not getting some 750 million euros next month that it won under a debt relief deal with the euro zone last year because it has not completed agreed reforms,. . .  Full story

UK car production: Who builds what and where?

18/02 Britain's overwhelmingly foreign-owned car industry built 1.52 million cars last year, a decline of 9 percent on the year before, with output forecast to drop further in 2019.. . .  Full story

European stocks hold onto four-month highs on trade talks hopes

18/02 European stocks hovered around their highest level in four months on Monday as hopes of progress in U.S.-China trade talks kept sentiment afloat while Wall Street was closed for a bank holiday.. . .  Full story

Italy leads peripheral rally on expectation of ECB stimulus

18/02 Short-dated Italian government bonds outperformed on Monday, their yields falling the most among euro zone bonds to lead a rally in the periphery, on expectations of more monetary stimulus from the European Central Bank.. . .  Full story

EU regulators want to know if E.ON, Innogy deal will push up prices

18/02 EU antitrust regulators are asking E.ON's rivals whether the German utility's takeover of Innogy's businesses in an asset deal swap with RWE will harm competition or jack up prices in the German retail market.. . .  Full story

Ireland says no-deal Brexit would be "crazy outcome"

18/02 Ireland is spending hundreds of millions of euros on preparing for a no-deal Brexit, which would be a "crazy outcome" of three years of EU-UK negotiations, Ireland's Foreign Minister Simon Coveney said on Monday.. . .  Full story

Reckitt shares rise after fourth-quarter sales top estimates

18/02 British consumer goods group Reckitt Benckiser reported higher-than-expected sales growth on Monday, helped by improvements in both its health and home and hygiene businesses and lifting its shares to a two-month high.. . .  Full story

Norwegian Air sets big discount for share sale

18/02 Norwegian Air will sell new shares at just a third of the current market price when the loss-making airline seeks to raise money from its owners in the next few weeks, it said on. . .  Full story

EU tells small businesses to brace for tax burdens in event of no-deal Brexit

18/02 The European Union on Monday told small businesses to prepare for more bureaucracy and costs should Britain crash out of the bloc without a deal, the latest step in its contingency plans reflecting the. . .  Full story

IMF urges Slovenia to continue with reforms

18/02 Slovenia should continue its structural reforms to ensure long-term prosperity, reduce the administrative burden on the economy and boost investment and growth, the International Monetary Fund said.. . .  Full story

Counting cost of stockpiling, UK bike maker gears up for Brexit

18/02 Isla Rowntree, the founder of British children's bike maker Islabikes, has resorted to stacking spare parts in meeting spaces and office rooms as she gets ready for a potentially chaotic no-deal Brexit next month.. . .  Full story

Total moves into offshore wind with joint bid for Dunkirk project

18/02 French energy major Total is partnering with Denmark's Orsted and renewable energy producer Elicio to submit a joint bid for the 600 megawatt capacity Dunkirk offshore wind project in France, the company said on Monday.. . .  Full story

Ivory Coast dry spell could damage cocoa mid-crop -farmers

18/02 Most of Ivory Coast's cocoa growing regions saw no rainfall last week, raising fears for the April-to-September mid-crop, farmers said on Monday.. . .  Full story

Britain's FT says allegations over Wirecard reporting are false

18/02 Britain's Financial Times rejected as "baseless and false" any allegations accusing the newspaper or its reporters of market manipulation or unethical reporting in relation to German payments company Wirecard .. . .  Full story

Croatia central bank warns about risks of rising cash loans

18/02 Croatia's central bank is concerned about a recent sharp increase in cash loans and may introduce measures to limit those risks, it said on Monday.. . .  Full story

Facebook broke rules, should be regulated - UK lawmakers

18/02 Facebook intentionally breached data privacy and competition law and should, along with other big tech companies, be subject to a new regulator to protect democracy and citizens' rights, British lawmakers said on Monday.. . .  Full story

Britain's 5G network security review ongoing - PM May's spokesman

18/02 Britain's review of its 5G network resilience is still ongoing, a spokesman for Prime Minister Theresa May said on Monday after the Financial Times reported that security chiefs had concluded they could manage any risks. . .  Full story

Swiss private bank Falcon to exit UK, sell assets to Dolfin

18/02 Switzerland's Falcon Private Bank will halt operations in the UK market and sell the assets of its London-based Falcon Private Wealth Ltd unit to Dolfin Financial (UK) Ltd, it said on Monday without giving. . .  Full story

OECD sees Portugal 2019 growth steady at 2.1 pct, exports slower

18/02 Portugal's economic expansion rate should stay at last year's level of 2.1 percent in 2019 as growing investment compensates for weakening export growth, the Organisation for Economic Cooperation and Development said on Monday.. . .  Full story

German prompt prices fall as renewables surge adds to supply

18/02 German spot wholesale power prices fell on Monday as forecasts pointed to a more than doubling of wind power output on Tuesday, overriding the bullish effect of rising demand.. . .  Full story

China arrests 62 suspects abroad, $1.5 bln seized in P2P crackdown

18/02 China has arrested 62 suspects abroad and seized 10 billion yuan ($1.5 billion) in assets from 380 fraudulent peer-to-peer (P2P) lending platforms since June as part of a crackdown on online finance, the public. . .  Full story

UK household sentiment at 11-month low on job fears - IHS Markit

18/02 British households grew more downbeat about their finances this month as job worries rose to the highest in over a year, reflecting a slowing economy and uncertain prospects for Brexit in less than six. . .  Full story

Citi in talks to buy Canary Wharf office building - source

18/02 Citigroup is in talks to buy the tower housing its European headquarters in London's Canary Wharf district, which is on the market with a price tag of around 1.2 billion pounds ($1.55 billion), a. . .  Full story

Footasylum shares up 59 pct after JD Sports takes stake

18/02 Shares in Footasylum Plc soared on Monday after British retailer JD Sports Fashion Plc said it had acquired an 8.3 percent stake and could buy nearly 30 percent of its smaller rival.. . .  Full story

Brexit fears contribute to rise in German engineering exports to UK - VDMA

18/02 German engineering exports to Britain rose by 5.1 percent year-on-year in 2018, industry association VDMA said on Monday, adding that British companies stocked up inventories or expedited orders in anticipation of Brexit.. . .  Full story

Qatar Petroleum signs initial deals to boost local energy industry

18/02 Qatar Petroleum signed preliminary deals worth more than 9 billion Qatari riyals ($2.47 billion) on Monday with oil services firms Schlumberger and Baker Hughes to boost the local energy industry.. . .  Full story

UK clearing houses approved to continue EU business under no deal Brexit

18/02 Europe's financial markets regulator has given UK-based derivatives clearing houses permission to continue serving EU clients in the event of a no-deal Brexit - a major boost to London's battle to remain the central market. . .  Full story