Europe News Headlines
FOREX-Firm yields push dollar to a 4-month high
LONDON, April 25 (Reuters) - The dollar hit a four-month high on Wednesday after a rise in benchmark U.S. Treasury yields above 3 percent rattled some currency bears while a mixed picture from business surveys failed to help the euro before a European Central Bank meeting.
Iran pours scorn on nuclear talks, dismisses "tradesman" Trump
BEIRUT, April 25 (Reuters) - Iran's president poured scorn on Wednesday on U.S. and European discussions over Tehran's nuclear agreement, and dismissed Donald Trump as a "tradesman" who lacked the qualifications to deal with a complex international pact.
Shire willing to back $64 billion Takeda bid but market signals doubts
LONDON/NEW YORK/TOKYO (Reuters) - Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64 billion offer from Japan's Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug company this year.
Hostile takeover? Daimler CEO says no fears about Chinese magnate Li Shufu
BEIJING (Reuters) - German car maker Daimler AG's
boss said on Wednesday there was no indication the firm's largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover after he took a $9 billion stake in the firm earlier this year.
Armenian police gather in center of Yerevan after protest begins
YEREVAN, April 25 (Reuters) - Armenian police began gathering in the center of Yerevan on Wednesday after a protest against the country's ruling elite erupted there, witnesses told Reuters.
UPDATE 2-Aluminium producer Hydro warns on cost savings amid Brazil woes
OSLO, April 25 (Reuters) - Norsk Hydro will miss its cost-cutting target this year and faces possible writedowns as its Brazilian operations work at reduced capacity following a spill, the Norwegian aluminum producer it said on Wednesday.
Kering, Credit Suisse earnings fail to boost European shares
LONDON (Reuters) - European shares declined on Wednesday in early deals as worries over rising bond yields trumped a slew of well-received earnings updates from Kering and Credit Suisse, while Shire bounced after accepting an improved offer from Takeda.
Global banks fear China will limit JV control through new rules
HONG KONG/SHANGHAI (Reuters) - Western banks are seeking clarification from China's securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors.
STMicro sends upbeat signal on smartphone demand in second half
PARIS (Reuters) - STMicroelectronics on Wednesday delivered an upbeat assessment on second-half demand for its smartphones-focused products in second-half, brushing off investor anxiety over the soft takeoff of Apple's iPhone X.
Britain considers setting up satellite system to rival EU's Galileo: FT
LONDON (Reuters) - Britain is considering setting up a satellite navigation system to rival the European Union's Galileo project amid a row over attempts to restrict Britain's access to sensitive security information after Brexit, the Financial Times reported
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