Europe

Italian Prime Minister Matteo Renzi

Thousands march through Rome against Renzi's labor reform

Tens of thousands of workers marched through the center of Rome on Saturday against Prime Minister Matteo Renzi's reform of the labor market, headed by a popular union chief who is seen by many as a possible future leader of Italy's left.

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Engine factory

Peugeot French production increase earns presidential visit

PSA Peugeot Citroen (PEUP.PA) said on Friday it had chosen a French factory over a rival Spanish plant to expand engine production, prompting a visit by President Francois Hollande to highlight a bright spot in France's gloomy labor market.

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Goldman Sachs

Goldman climbs to top commodity bank ranking over JP Morgan LONDON

Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday.

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Trafigura Invests for 24% Stake in Nagarguna Oil Corp.'s Tamil Nadu Planned Refinery

Trading house Trafigura wins huge chunk of Rosneft oil supply

Trafigura [TRAFGF.UL] is emerging as the new king of Russian oil trading, expanding its deal with sanctions-hit Rosneft to export $500 million worth of crude in April from the Baltic, the Mediterranean and Pacific ports, market sources said.

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London's Globe theatre

Shakespeare's Globe theaters sets stage for new funding for culture

William Shakespeare's Globe theaters is taking on a new role as a financial trail-blazer by seeking to tap into a form of funding dominated to date by social enterprises and charities.

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Mercedes-Benz

Mercedes to launch a pickup truck outside the United States

German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW (BMWG.DE).

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Greek national flags

Neither Grexit, nor Grexident. Euro and 'drachma' in parallel?

Greece is unlikely to exit the euro, either intentionally or accidentally. But it might be forced to introduce an alternative means of payment, in parallel to the euro, to pay some domestic bills if a reform-for-cash deal with its creditors is not secured soon, several euro zone officials said.

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Banca Privada D'Andorra

Andorra to create 'bad bank' to group BPA toxic assets

Andorra will create a 'bad bank' to group the assets of Banca Privada d'Andorra (BPA) linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system.

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Electricite de France (EDF)

EDF may take stake in Areva activities; proposals soon: press

French energy group EDF (EDF.PA) is considering whether to take a stake in assets belonging to struggling nuclear power group Areva (AREVA.PA), business daily Les Echos reported on Friday, citing an unidentified source close to EDF.

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Coutts

Switzerland's UBP to buy RBS's Coutts International

Union Bancaire Privee (UBP) has agreed to buy Royal Bank of Scotland's international private banking business Coutts International, as the Swiss private bank continues to rebuild its asset base in the aftermath of the financial crisis.

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Greece

Greece maintains claim to 1.2 billion euros in euro zone bailout fund

The head of Greece's bank rescue fund maintained on Thursday that Athens has a legal claim to 1.2 billion euros in the euro zone's bailout fund, a day after European officials rejected its request.

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Greece

Greece optimistic on deal with euro zone next week

Greece is optimistic about reaching a deal on economic reforms with its euro zone peers early next week, unblocking urgently needed funding, its economy minister said on Thursday.

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James Bullard

Fed's Bullard: now may be good time to normalize U.S. monetary policy

Now may be a good time to start normalizing U.S. monetary policy, Federal Reserve policymaker James Bullard said on Thursday.

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Frankfurt stock exchange

Oil surges on Yemen air strikes, global stocks tumble

Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies.

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Pirelli

Pirelli does not plan special dividend for ChemChina deal - sources

Italian tyre maker Pirelli (PECI.MI), which is being bought by China National Chemical Corp (ChemChina), does not plan to pay a special dividend to its shareholders as part of the buyout plan, two sources with direct knowledge of the matter said.

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