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(MENAFN - AFP) Europe's main stock markets traded mixed on Monday, as traders reacted to eurozone inflation numbers ahead of key US jobs data due later in the week.London's benchmark FTSE 100 index dipped 0.03 percent to stand at 6,755.43 points around midday in the British capital.Frankfurt's DAX 30 added 0.15 percent to 9,829.44 points while the CAC 40 in Paris slid ...

 

(MENAFN - AFP) Switzerland-based petrochemical firm Ineos said on Monday it had bought out BASF, the world's biggest chemicals group, from their joint venture Styrolution, which produces the styrene used to make plastics, for about $1.5 billion."Ineos will acquire BASF's 50 percent share in Styrolution," the company said in a statement.It said shareholders had agreed ...

 

(MENAFN - AFP) Inflation across the 18-nation eurozone was steady in June at 0.5 percent, but remained far below target against a background of concern about deflation, official data showed on Monday.Deflation is such a threat that the European Central Bank has moved into negative interest rates to get cash flowing, and authorities are closely watching inflation rates in ...

 

(MENAFN - AFP) A long-term study of women who used ovary-stimulating hormones for fertility treatment found no widespread evidence of a higher cancer risk, researchers said on Monday.The results appear to contradict a number of studies in recent years that suggested such treatments may increase the risk of the disease. Doctors have a choice of several hormone drugs ...

 

(MENAFN - AFP) China's central bank said it has signed agreements for yuan clearing arrangements with France and Luxembourg, with the aim of promoting greater use of its currency overseas.The People's Bank of China (PBoC) said it would designate Chinese banks as the yuan clearing institutions in the two European countries later, according to statements issued on Sunday.China ...

 

(MENAFN - AFP) Dutch electrical appliance maker Philips on Monday announced it was creating a multi-million euro standalone company by combining its LED and car lighting businesses.Philips chief executive Frans van Houten said the Amsterdam-based group will set up the new standalone at a cost of around 30 million euros ($41 million)."Both our Lumileds (LED) and Automotive ...

 

(MENAFN - AFP) Taiwan technology giant Foxconn, the world's biggest components maker, said Monday it has invested around $365 million in a South Korean information technology service provider as it looks to diversify its business.The firm, also known by its Taipei-headquartered mother company Hon Hai Precision Industry, said the deal allowed it to obtain a 4.9 percent stake ...

 

(MENAFN - AFP) US tax evaders will find it harder to hide money abroad from Tuesday, when a law comes into effect requiring foreign banks to report their offshore accounts.Banking centers like Switzerland and Luxembourg that agreed to the US Foreign Account Tax Compliance Act (FATCA) will have to begin turning over account names and other data to US financial authorities ...

 

(MENAFN - AFP) An independent Scotland could have a disproportionately large banking sector compared to its economy, leaving it vulnerable to financial shocks, according to a study by The Banker magazine released Monday.The trade publication found that Scotland would have banking assets 12 times the size of its gross domestic product (GDP), if banking assets registered ...

 

(MENAFN - AFP) Japan's factory output rose a smaller-than-expected 0.5 percent in May from a month earlier after a 2.8 percent fall in April, data showed Monday.The reading fell short of market expectations for a rise of 0.9 percent."Industrial production appears to be flat," the ministry of economy, trade and industry said in a monthly report, leaving the overall ...

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