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(MENAFN - AFP) European stocks rose on Wednesday with sentiment buoyed by reports of Chinese stimulus, ahead of a US interest rate call and on the eve of Scotland's independence referendum.

By mid-afternoon in the British capital, London's benchmark FTSE 100 index added 0.07 percent to 6,796.70 points as traders looked ahead to Scotland's independence vote.

In Paris, ...

 
(MENAFN - AFP) A special EU summit called by the French and Italian leaders in Italy next month to boost jobs and jumpstart the bloc's sluggish economy has been postponed indefinitely, diplomats said on Wednesday.

The delay is a blow to Italian Prime Minister Matteo Renzi and French President Francois Hollande who had called the meeting of EU leaders amid growing global concerns ...

 
(MENAFN - AFP) The detention of a billionaire on money-laundering charges sent shockwaves through Russia's business and political circles on Wednesday and prompted comparisons with a crackdown on former oil tycoon Mikhail Khodorkovsky.

The Investigative Committee, which reports directly to President Vladimir Putin, announced late Tuesday that Vladimir Yevtushenkov had been ...

 
(MENAFN - AFP) Eurozone inflation stood at 0.4 percent in August, official data showed on Wednesday, slightly higher than an original estimate which had pushed the European Central Bank to open up the cash floodgates.

With the adjustment from 0.3 percent, inflation in August remained unchanged from the July level, but still much lower than 1.3 percent a year ago and way off ...

 
(MENAFN - AFP) Consumer prices in the United States fell in August for the first time in more than a year, dragged lower by declines in energy, the Labor Department reported Wednesday.

The consumer price index fell 0.2 percent on the month. It was the first decline in CPI since April 2013, surprising analysts who estimated it would be unchanged from July.

Excluding ...

 
(MENAFN - AFP) Air France scrapped more than half its flights Wednesday as pilots extended a strike into a third day, defying Prime Minister Manuel Valls who urged them to stop their "incomprehensible" industrial action.

Pilots have walked off the job in protest at the airline's plans to expand its low-cost leisure subsidiary Transavia France, whose pilots are cheaper to ...

 
(MENAFN - AFP) Russian stocks fell on Wednesday with the news that top businessman Vladimir Yevtushenkov had been placed under house arrest in an embezzlement and money laundering probe.

Shares in Yevtushenkov's AFK Sistema holding and its subsidiaries MTS and Bashneft fell sharply from the opening of trading.

But the ruble rallied slightly from its recent plunge.

The ...

 
(MENAFN - AFP) The De Beers diamond cartel warned Wednesday that global production will decline from 2020, a trend that could spell pricier bling for consumers.

A dearth of major new diamond finds means that production might not keep up with ever-increasing demand from the United States, China and India, the firm claimed.

"Unless major new discoveries are made in the ...

 
(MENAFN - AFP) Air France scrapped more than half its flights Wednesday as pilots extended a strike into a third day, defying Prime Minister Manuel Valls who urged them to stop their "incomprehensible" industrial action.

Pilots have walked off the job in protest at the airline's plans to expand its low-cost leisure subsidiary Transavia France, whose pilots are cheaper to ...

 
(MENAFN - AFP) Sony on Wednesday said it would lose $2.14 billion this fiscal year, more than four-times its earlier forecast as the Japanese electronics giant blamed a downturn in its mobile phone business.

The estimated net loss of 230 billion yen in the fiscal year to March 2015 came as a surprise only months after it tipped a loss of just 50 billion yen, citing a turnaround ...

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