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(MENAFN - AFP) Manufacturing activity in China stagnated in November, British banking giant HSBC said Thursday, warning of "significant" pressures on the world's second-largest economy as its key purchasing managers' index (PMI) hit a six-month low.

HSBC's preliminary PMI for the month came in at the 50.0 breakeven point dividing expansion and contraction, the bank said in ...

 
(MENAFN - AFP) Around three hundred protesters scuffled with police Thursday as Bank of Cyprus held an AGM for shareholders to elect a new board at the island's troubled largest lender.

A handful of demonstrators broke through a police cordon and forced their way into the BoC headquarters in central Nicosia.

They were rounded up by security inside, while other demonstrators ...

 
(MENAFN - AFP) The European Union said Thursday it suspected major truck makers of operating an illegal cartel to rig prices, saying they faced heavy penalties if found guilty.

Competition Commissioner Margrethe Vestager said the companies had been formally notified they were under suspicion of breaching anti-trust rules, but did not name them.

Germany's MAN and Daimler ...

 
(MENAFN - AFP) European aerospace giant Airbus is poised to sign a contract to deliver 50 long-haul carriers to US Delta Airlines in a deal worth $14 billion (11 billion euros) at catalogue prices, sources told AFP on Thursday.

Under the terms of the deal, Airbus will deliver 25 A350-900s, the company's new long-haul carrier that this month received certification from the ...

 
(MENAFN - AFP) Swiss-based petrochemical firm Ineos launched plans Thursday to become the biggest player in Britain's fracking sector with a $1.0-billion investment in the nation's shale gas industry.

"Ineos has today announced it is planning to invest $1.0 billion (800 million euros, £640 million) in UK shale gas exploration and appraisal," it said in a statement that however ...

 
(MENAFN - AFP) Amazon said Thursday it will offer a free Washington Post app to Kindle users for six months, a move highlighting the digital strategy for the newspaper owned by Jeff Bezos.

Bezos, the Amazon founder who purchased the daily last year, could expand the audience of the Post with the app "built specifically for a national and international readership," according ...

 
(MENAFN - AFP) The International Monetary Fund said Thursday it had approved a new stand-by loan for Serbia worth around one billion euros ($1.25 billion) to help it achieve economic reforms.

"The government's economic programme will be supported by a 36-month precautionary stand-by arrangement. The overall size would be around one billion euros," Zuzana Murgasova, head of ...

 
(MENAFN - AFP) A top EU court advisor rejected Thursday a barrage of British challenges against a cap on banking bonuses, dealing a blow to Prime Minister David Cameron's government.

Brussels set the rules in a bid to curb excessive risk taking in the wake of the financial crisis, saying that bonuses cannot exceed a banker's fixed salary, or twice that if given shareholder ...

 
(MENAFN - AFP) Growth in the eurozone has slowed to its slowest pace in 16 months as new orders dip, survey company Markit said Thursday, raising pressure on policymakers to crank up measures to support the economy.

Markit's flash reading of its composite purchasing managers' index (PMI) for the eurozone in November came in at 51.4 points, down from 52.1 in October.

A ...

 
(MENAFN - AFP) Weak eurozone and Chinese data weighed on European stock markets and the euro Thursday after the Federal Reserve warned of potential threats to US growth.

London's benchmark FTSE 100 index fell 0.64 percent to stand at 6,653.47 points approaching midday.

The CAC 40 in Paris slid 1.13 percent to 4,218.02 points and Frankfurt's DAX 30 lost 0.64 percent ...

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