EU ombudsman urges ECB's Draghi to leave G30 club of financiers

Jan 17 2018

The ECB’s Mario Draghi should give up his membership of the Group of 30 talking shop of financiers, as it risked hurting public confidence in the ECB’s independence.

Second vote not undemocratic, Irish PM says on Brexit

Jan 17 2018

It would not be “anti-democratic” for Britons to reverse their Brexit vote in a second referendum, Irish Prime Minister Leo Varadkar said at the European Parliament.

European Union is not at war with Poland, says EU's Juncker

Jan 17 2018

The European Union is not at war with Poland and is not set on sanctioning the country “come what may”, European Commission President Jean-Claude Juncker said.

NGT summons ARAI director to explain about test on Volkswagen

Jan 17 2018

The NGT has asked the Pune-based Automotive Research Association of India to explain the details about the tests carried out on diesel cars produced by Volkswagen.

Euro surge threatens profitable bond market trades

Jan 17 2018

The euro’s sizzling Jan rally is undermining one of the most profitable bond market trades of recent years by potentially raising hedging costs.

British's Drax to complete fourth biomass unit in 2nd half 2018

Jan 17 2018

British power producer Drax said it planned to complete converting its fourth biomass power plant in the second half of the year so it comes online in late 2018.

European shares pull back as trading updates disappoint

Jan 17 2018

Earnings updates and dealmaking activity drove the biggest share price moves in Europe as the broader market followed US stocks lower following a strong start of the yr.

British companies' marketing budgets grow at slowest rate in 2 yr

Jan 17 2018

British companies’ marketing budgets grew at their slowest rate in nearly two years in final quarter of 2017, partly reflecting uncertainty created by Brexit.

Euro zone inflation slows as expected in Dec, core rate stable

Jan 17 2018

The EU’s statistics office Eurostat said consumer inflation in the 19 countries sharing the euro was 0.4 percent month-on-month in December and 1.4 percent year-on-year.

Burberry third quarter sales slip 2% as it starts up-market move

Jan 17 2018

Burberry reported a 2% drop in revenue for the three months to end-Dec after sales in Europe slipped, when a fall in the pound helped it perform well in its home market.

Indian Markets


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Global Markets


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Business Line Reports

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