Finance news

• Most economists say Brexit will harm economy - poll

  29-05-2016 19:37 via news.yahoo.com
  
  Nine out of 10 of Britain's top economists working in London's City financial district, small business and academia believe the economy will be harmed if Britain leaves the European Union, a poll said on Sunday. The poll, which the Observer newspaper said was the biggest of its kind drawing responses from more than 600 economists, is a boost for Prime Minister David Cameron, who is leading the campaign for Britain to stay in the 28-member bloc at a referendum on June 23 despite opposition from s
  
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• Belgian, Dutch mail firms to confirm merger talks on Monday-Le Soir

  29-05-2016 17:05
  
  AMSTERDAM, May 29 (Reuters) - Belgian mail operator Bpost
  is to announce on Monday it is to continue takeover
  talks with Dutch peer PostNL, with the blessings of
  the Belgian government, its majority...
  
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• Nigerian president says government "resolved" to keep naira steady

  29-05-2016 12:36 via news.yahoo.com
  
  Nigerian President Muhammadu Buhari said on Sunday the government had resolved to keep the naira's exchange rate steady while supporting the central bank's decision to move away from the dollar peg, which is seen as overvaluing the naira. "We resolved to keep the Naira steady as, in the past, devaluation had done dreadful harm to the Nigerian economy," Buhari said in the text of a speech published by his office on Sunday.
  
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• Lufthansa to suspend flights to Venezuela from June 17

  29-05-2016 11:54 via news.yahoo.com
  
  German airline Lufthansa said Sunday it will suspend flights to Venezuela from next month owing to the economic crisis in the country. "We have decided to suspend the service between Frankfurt and Caracas for the time being as from June 17," a company spokesman told AFP. The service, three times a week, was Lufthansa's only flight between Germany and Venezuela, he said, adding that it was not clear at this point when it would be resumed.
  
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• Germany's Lufthansa to suspend flights to Venezuela

  29-05-2016 10:57 via news.yahoo.com
  BERLIN (AP) — German airline Lufthansa says it is suspending its flights to Caracas, citing the difficult economic situation in Venezuela.
  
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• Militants attack ENI pipeline in Nigeria's Delta -officials

  29-05-2016 09:36 via news.yahoo.com
  By Tife Owolabi YENAGOA, Nigeria (Reuters) - Militants attacked a crude oil pipeline operated by Italy's ENI on Saturday, a Nigerian state government said, hours after the Niger Delta Avengers militants claimed another strike in the region. Nigeria's oil output has fallen to a 20-year low due to attacks on pipelines in the southern swamps, home to much of its hydrocarbon resources, which have compounded the impact of low oil prices on Africa's largest economy. "Th‎e Bayelsa State Government
  
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• Trading in shares of Kuwait's Americana halted pending statement from company

  29-05-2016 07:18 via news.yahoo.com
  May 29 (Reuters) - Kuwait's stock market on Sunday suspended trading in the shares of Kuwait Food Co (Americana) pending a statement from the company. Trading on the Kuwaiti bourse opens at 0600 GMT. The statement from the exchange did not provide further details. Americana's major shareholder, Kuwait's billionaire al-Kharafi family, on Feb. 4 said it had signed an initial agreement to sell their holding to Adeptio Group subject to due diligence and approvals from Americana's board and regulator
  
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• Luxury brands struggle to attract Internet generation

  29-05-2016 05:42 via news.yahoo.com
  
  Seducing hyper-connected "Millennials" poses an increasing challenge for luxury brands, which find their markets slowing as young, skeptical consumers force them to rethink strategies. Goldman Sachs estimates that 92 million Americans are in the Millennial generation -- born between the early 1980s and the 2000s -- surpassing the famed cohort of postwar Baby Boomers who are now approaching a geriatric phase. The huge pool of Millennial consumers grew up with the Internet, smartphones and a shari
  
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• British florist sees rosy future in Brexit

  29-05-2016 05:19 via news.yahoo.com
  
  For Briton Damian Duffy, who has run flower shops for 20 years, a Brexit would feel like a "huge party". This despite British Prime Minister David Cameron, the International Monetary Fund (IMF) and a host of multinationals all warning of a painful economic fallout should Britain vote to exit the European Union in a referendum on June 23. "Everyone in this country who is not in big business has had life made more expensive and more difficult to live" as a result of Britain being part of the EU, s
  
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• Japan's Abe to delay sales tax hike until 2019: government source

  29-05-2016 03:16 via news.yahoo.com
  
  Prime Minister Shinzo Abe plans to delay an increase in Japan's sales tax by two and a half years, a government official said on Sunday, as the economy sputters and Abe prepares for a national election. Abe told Finance Minister Taro Aso and the secretary general of his ruling Liberal Democratic Party, Sadakazu Tanigaki, on Saturday of his plan to propose delaying the tax hike for a second time, until October 2019, said the official, who was briefed on the meeting. After chairing a summit of Gro
  
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• Lufthansa suspends Caracas flights as Venezuelan economy struggles

  29-05-2016 00:01 via news.yahoo.com
  
  German airline Deutsche Lufthansa AG said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars. "We deeply regret that for these reasons, we will be forced to suspend our service between Caracas and Frankfurt as of June 18," the company wrote in a statement, noting that demand for international flights to Caracas dropped in 2015 and the first quarter of 2016. Luf
  
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