Europe News
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Updated 8 minutes ago
The yen strengthened for the first time in three days against the dollar and European stocks declined before a Federal Reserve meeting that may clarify the outlook for U.S. monetary stimulus. Oil approached $100 a barrel for the first time since September.
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Updated 8 minutes ago
European stocks fluctuated between gains and losses as investors awaited the conclusion of the Federal Reserve’s policy meeting for indications on the duration of stimulus measures.
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Updated 28 minutes ago
Alcatel-Lucent SA will sell 1 billion euros ($1.3 billion) of assets and slash costs by another 1 billion euros in a bid by Chief Michel Combes to turn the company around -- something his predecessors tried, and failed, to do for seven years.
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Updated 43 minutes ago
West Texas Intermediate crude traded near a nine-month high after an industry report showed U.S. inventories dropped last week.
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Updated 42 minutes ago
Veolia Environnement, Europe’s largest water utility, is building a seawater desalination plant in Lamberts Bay on the southwest coast of South Africa to help boost supplies for 40,000 residents.
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Updated 58 minutes ago
Tom Adshead, head of research at Russian hedge-fund firm Kazimir Partners Ltd., said he’s left following its acquisition of Renaissance Asset Managers.
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Updated 1 hour, 7 minutes ago
Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., said more steps are needed to meet a 2015 profitability target as interest rates remain low.
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Updated 1 hour, 23 minutes ago
The dollar fell against the majority of its most-traded peers amid bets Federal Reserve Chairman Ben S. Bernanke will signal the central bank plans to maintain bond purchases that risk debasing the currency.
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Updated 1 hour, 39 minutes ago
U.K. government bonds rose as the minutes of the Bank of England’s most recent policy meeting showed some officials said the inflation outlook was more favorable and that more monetary stimulus was justified.
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Updated 58 minutes ago
Hennes & Mauritz AB, Europe’s second-largest clothing retailer, said June sales are off to a good start, providing some respite for investors after quarterly profit fell more than analysts expected.
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