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Press Releases

Anti-European Union sentiment worries me, says Polish central bank chief

Rising aversion in Poland towards the European Union is worrying, the country's outgoing central bank governor told CNBC.


Greece gets debt relief deal

European finance ministers struck a deal to address Athens' request for debt assistance, reports CNBC's Julia Chatterley.


Stocks gain despite strong dollar

Steven Englander, Citi global head of G10 FX strategy, shares his thoughts on what's driving stocks and the U.S. dollar higher.


US dollar leading currency charge: Pro

Boris Schlossberg, BK Asset Management, shares his outlook on currencies after the FOMC minutes indicated a desire to raise rates.


UPDATE 1-Cinven to sell German lighting group SLV in potential 800 mln eur deal -sources

FRANKFURT, May 9- Buyout group Cinven is preparing to sell German residential and technical lighting products maker SLV in a potential 800 million euro deal, three people familiar with the matter said. Europe's listed lighting manufacturers include Fagerhult of Sweden, Beghelli of Italy and Austria's Zumtobel. SLV is benefiting from strong construction...

Source: Reuters

German utilities to pay 23.3 bln eur into state fund - nuclear commission

BERLIN, April 27- German utilities will be asked to pay 23.3 billion euros into a state fund to cover the costs of nuclear waste storage, members of a nuclear commission tasked with securing funds for the country's nuclear exit said on Wednesday. The funds would be transferred in cash, senior commission member Juergen Trittin said during a news conference to...

Source: Reuters

UPDATE 1-Germany to offer 1 bln eur electric-car incentives

*Luxury EVs priced above 60,000 euros won't benefit. BERLIN, April 27- Germany will offer incentives for buyers of electric cars worth about 1 billion euros to stoke consumer interest in battery cars as it struggles to meet a target of bringing 1 million of them on to its roads by the end of the decade. "With this, I believe we will be able to give a boost to quickly move...

Source: Reuters

UPDATE 2-E.ON's Uniper plans cost cuts and asset sales

*Uniper aims for asset sales of at least 2 bln eur by 2018. *To pay dividend of 200 mln eur for 2016. FRANKFURT, April 26- Uniper, the power plant and energy trading business being spun off by German utility E.ON, said on Tuesday it would cut costs and sell assets in its battle against weak markets, adding there would be no "sacred cows" within the company.

Source: Reuters

What happens to euro if ECB delivers?

The EUR/USD pair will find support at lower levels, says Tony Boyadjian from Compass Global Markets.


UPDATE 2-Credit Agricole to cut retail, investment bank costs to drive income

*Targets 4.2 bln eur in 2019 vs 3.5 bln in 2015. PARIS, March 9- Credit Agricole plans to increase net income by around 20 percent within three years, largely through cost cutting, as it seeks to keep investors on board during a complex restructuring. The French bank said on Wednesday that it will reduce costs and increase cross-selling in its retail, asset management...

Source: Reuters