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European shares down, weighed by healthcare sector after Trump comments

shares

European shares fell on Thursday in early deals, weighed down by healthcare stocks after U.S. President-elect Donald Trump targeted pharmaceuticals’ drug pricing in a press conference. Europe’s healthcare sector index dropped 2.2 percent, the biggest sectoral faller, and headed for its biggest loss since November. The pan-European STOXX 600 index was down 0.5 percent. Trump on Wednesday commented on the ...

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European shares steady as Sainsbury’s soars, Cobham tanks

eur

European shares steadied on Tuesday in early deals, with retail stocks back in focus after a well-received update from British grocer Sainsbury, though Cobham tanked. The pan-European STOXX 600 index was flat in percentage terms, as was the blue-chip FTSE 100, which held close to a record high of 7,284.81 points reached in the previous session. Sainsbury’s was the top ...

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Europe:Theresa May is failing Brexit Britain

may

When Theresa May appeared on the steps of Number Ten in her first address as Prime Minister, she seemed like a sudden moment of serenity in a chaotic post-Brexit Britain. She had reassuringly grey hair for a start. Her predecessor, David Cameron, had been just 43 when he took office. Tony Blair had also been in his 40s. May was ...

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IMF chief Christine Lagarde convicted over payout

Legarde

A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence but did not hand down any punishment. As French finance minister in 2008, she approved an award of €404m ($429m; £340m) to businessman Bernard Tapie for the disputed sale of a firm. Lagarde, who always denied wrongdoing, was not present in court, having left France for ...

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Oil prices rise in anticipation of tighter 2017 market

An employee at a Total fuel station waits for customers in south Jakarta

Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at $55.41 per barrel at 0756 GMT, up 20 cents from their last close. U.S. West Texas Intermediate (WTI) crude ...

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Apple to appeal EU tax ruling this week, says it was a ‘convenient target’

A 3D printed Apple logo is seen in front of a displayed European Union flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration

Apple (AAPL.O) will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. Apple’s combative stand underlines its anger with the European Commission, which said on Aug. 30 the company’s Irish tax deal was ...

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Bill Gates, investors launch $1 billion clean tech fund

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, speaks during a discussion on innovation hosted by Reuters in Washington, U.S., April 18, 2016.      REUTERS/Joshua Roberts/File Photo

Microsoft co-founder Bill Gates and a group of high-profile executives are investing $1 billion in a fund to spur clean energy technology and address global climate change a year after the Paris climate agreement. Gates launched the Breakthrough Energy Ventures fund on Monday along with billionaire entrepreneurs such as Facebook Inc (FB.O) head Mark Zuckerberg, Alibaba Group Holding Ltd (BABA.N) ...

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UniCredit to raise $13.8 billion in Italy’s biggest share issue

Unicredit bank logo is seen on a banner in Milan, Italy, May 23, 2016.    REUTERS/Stefano Rellandini/File Photo

Italy’s largest bank, UniCredit, unveiled plans on Tuesday to raise 13 billion euros ($13.8 billion) in the nation’s biggest share issue, to shore up its balance sheet and distance itself from Italy’s broader banking crisis. Its gambit comes at a troubled time for Italian banks and the economy, with Monte dei Paschi di Siena at risk of failure, a new ...

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European share markets stabilize after U.S election

EU

European share markets continued to stabilize today after Asian stocks rebounded from Wednesday’s sharp sell-off in the immediate aftermath of Donald Trump’s US election victory. Hopes that Mr. Trump will introduce a pro-business agenda to stimulate US economic growth helped to blunt concerns about his surprise win. In London, Paris and Frankfurt, the main stock markets were reported to have ...

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Stocks, dollar roiled by tightening U.S. election race

A man walks past at an electronic board showing the Japanese yen's exchange rate against British pound (R) and Euro outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato

Asian shares tumbled to seven-week lows and the dollar lost ground against the yen and the euro on Wednesday as investors were rattled by signs the U.S. presidential election race was tightening just days out to the Nov. 8 vote. Markets were beginning to rethink their long-held bets of a victory for Democratic candidate Hillary Clinton amid signs her Republican ...

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