Global stocks lose grip on gains, euro scales heights
LONDON (Reuters) – The euro reached a five-year peak against the yen and a six-week high against the dollar on Tuesday, as focus intensified on the dwindling level of spare cash in the euro zone’s banking system and the ECB’s apparent lack of concern.
Europe’s top court sends alumina aid case back to lower court
BRUSSELS (Reuters) – Europe’s highest court on Tuesday told a lower court to re-examine a long-running dispute between France, Italy and Ireland and EU competition regulators over whether millions of euros in state aid granted to the alumina sector was…
London corruption trial of businessman Dahdaleh collapses
LONDON (Reuters) – The trial on corruption charges of businessman Victor Dahdaleh came to an abrupt halt on Tuesday when counsel for the Serious Fraud Office (SFO) told a London court there was no longer a realistic prospect of a conviction.
Coeure sees no reason for ‘spectacular’ ECB action
FRANKFURT (Reuters) – Euro zone inflation is not undershooting the European Central Bank’s target of just below 2 percent so much that it should use its heaviest artillery to try to boost prices, ECB Executive Board member Benoit Coeure said.
Telecom Italia board not considering TIM Brasil break-up plan: CEO
ROME (Reuters) – The board of Telecom Italia is not considering any plan to break up the company’s Brazilian wireless unit TIM Participacoes, CEO Marco Patuano said on Tuesday.
Boeing sees aircraft finance market rising to $112 billion in 2014
LONDON (Reuters) – Commercial jet buyers are set to turn to rapidly-expanding capital markets for more financing in 2014, as the value of jet sales rises by about 7.7 percent to $112 billion, Boeing Co forecast on Tuesday.
UK final salary pensions hitting company investment: study
LONDON (Reuters) – The financial burden of running final salary pension schemes is hampering companies’ ability to invest in expansion and development, according to UK research published on Tuesday.
VW brand sales up 3.4 percent in November on demand for new Golf
BERLIN (Reuters) – Germany’s Volkswagen increased sales at its core passenger-car brand by 3.4 percent in November to 522,100 autos, powered by demand for the seventh-generation Golf hatchback, the company’s best-selling model.
Monte Paschi executives committed to strengthening bank
ROME (Reuters) – The top executives of Italy’s Monte dei Paschi di Siena are committed to strengthening the troubled lender, a spokesperson for the bank said on Tuesday when asked whether they may resign should a planned cash call be postponed.
Poland’s LOT agrees compensation with Boeing over Dreamliners
WARSAW (Reuters) – Polish flagship carrier LOT said it had agreed with U.S. plane maker Boeing on compensation for the faults that grounded its 787 Dreamliner jets.
