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(MENAFN - AFP) European stock markets rose on Wednesday as investors looked to the Federal Reserve for an update on the outlook for US interest rates against a background of global economic strains.

Dealers also pored over another batch of company earnings, while shares in Sanofi slumped after the French drugs giant fired its chief executive.

London's benchmark FTSE ...

 
(MENAFN - AFP) World oil prices rallied on Wednesday, while OPEC secretary-general Abdullah El-Badri insisted that recent sharp falls for crude futures were not justified in terms of demand and supply.

Addressing the Oil & Money Conference -- a key annual event in the energy sector calendar -- El-Badri said that rising supplies did not justify the extent to which prices ...

 
(MENAFN - AFP) German exports to Russia plunged by nearly 17 percent in the first eight months of this year, against the backdrop of European sanctions against Moscow, official data showed on Wednesday.

"Between January and August, German exports to Russian fell by 16.6 percent to 20.3 billion euros" ($25.8 billion), the federal statistics office Destatis said in a statement.

Machinery ...

 
(MENAFN - AFP) Europe's battered financial sector is showing further signs of healing as conditions for bank loans ease and demand for loans picks up, a key ECB survey showed on Wednesday.

Just a few days after the European Central Bank gave most eurozone banks a clean bill of health, its quarterly bank lending survey showed that banks are easing credit standards for customers ...

 
(MENAFN - AFP) Deutsche Bank, Germany's biggest lender, said Wednesday that litigation and other costs pushed it into the red in the third quarter.

In the period from July to September, the group booked a net loss of 94 million euros ($120 million), compared with a profit of 41 million euros a year earlier, Deutsche Bank said in a statement.

"Net income in this quarter ...

 
(MENAFN - AFP) Shares in drugmaker Sanofi, France's largest company by market capitalisation, fell sharply on Wednesday after it announced the departure of chief executive Christopher Viehbacher.

Sanofi stock dropped more than five percent on the opening bell of the Paris stock market after losing more than 10 percent the day before over disappointing earnings.

The ...

 
(MENAFN - AFP) After 30 years of languishing by the River Thames and countless attempts to revive it, London's iconic Battersea Power Station is finally coming to life as part of one of the biggest regeneration projects in the world.

"We are definitely beyond the point of this project ever stopping again," David Twohig, the director of design at the BPS Development Company, ...

 
(MENAFN - AFP) Asian markets rose Wednesday following strong gains on Wall Street, as traders awaited news from the US Federal Reserve about interest rate plans for the world's largest economy.

Tokyo gained 1.46 percent, or 224.00 points to close at 15,553.91 while Seoul jumped 1.84 percent, or 35.49 points, to end on 1,961.17.

Hong Kong was up 1.23 percent and Shanghai ...

 
(MENAFN - AFP) Abbas Yusef points wistfully towards his olive trees, which are bearing their annual fruit. Yet again, the 70-year-old Palestinian farmer will be unable to make the autumn harvest.

Yusef's olive groves lie on land either side of an Israeli settlement in the northern occupied West Bank. For years, he has been denied access by the army, and the settlers have ...

 
(MENAFN - AFP) As a Japanese schoolgirl in the 1970s, Kazumi Kaminaga had never seen something as cute as Hello Kitty when she first laid eyes on the moon-faced, mouthless character in a shop.

"There were hardly any 'kawaii' products when I was in elementary school," said the now 51-year-old mother, using the Japanese word for cute.

"It was such a shock...She was really ...

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