European shares set for weekly gain as good earnings offset political worries

By Danilo Masoni MILAN, Feb 10 : European shares were slightly higher today, on track to end the week in positive territory as healthy corporate earnings, solid economic data and merger activity helped set aside worries over the region’s political stability. The pan-European STOXX 600 index was up 0.2 percent and set for a weekly […]

Earnings comeback, valuations discount to U.S. fuels case to buy Europe: BAML

By Kit Rees LONDON, Feb 9 : After years of underperformance, a long-awaited turn in European earnings and some of the cheapest valuations relative to U.S. in 40 years, could lure investors back into the region’s equities, according to strategists at Bank of America Merrill Lynch. Sub-par earnings growth, profit margins and return on equity […]

European shares up as earnings cheer offsets weakness in oil, French banks

By Atul Prakash LONDON, Feb 7 : European shares rose on Tuesday, pushing the benchmark STOXX 600 back into positive territory for the year, with some encouraging company updates and gains in mining stocks helping to counter weakness in oil majors and euro zone banks. Chipmaker AMS rose nearly 17 percent after results and was […]

European shares supported by good earnings updates; Ryanair dips

By Danilo Masoni MILAN, Feb 6 : – European shares edged up in choppy trade on Monday with better- than-expected corporate results helping support the market, but a disappointing update at Ryanair weighed on shares in the budget airline. The pan-European STOXX 600 index was up 0.2 percent by 1030 GMT, reversing initial weakness as […]

Italy will help Libya fight people-smuggling – document

By Gabriela Baczynska VALLETTA, Feb 3 : Italy will provide financing and training to the UN-backed Libyan government to help it fight people smuggling, the two countries’ bilateral agreement showed, part of wider European Union efforts to stem African migration to its shores. The agreement, signed by Italian Prime Minister Paolo Gentiloni and Libyan Prime […]

Libya’s Sarraj bargains for more money to help EU on migration

By Gabriela Baczynska BRUSSELS, Feb 2 : The head of the UN-backed Libyan government told top European Union officials today the bloc must provide more money to secure Tripoli’s help in curbing the flow of African migrants to Europe. Prime Minister Fayez al-Sarraj was in Brussels on the eve of an EU leaders’ meeting in […]