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Seven countries call for EU action to help steel industry

*EU producers allege dumping by China. PARIS, Feb 6- Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Europe has lost 85,000 steel jobs since 2008, over 20 percent of the workforce, according to the...
Source: Reuters
German competition watchdog wants "big data" hoards considered in merger probes - paper

FRANKFURT, Feb 6- The vast troves of consumer data held by big Internet companies should be scrutinised in merger probes because they have a big impact on competition, the president of the German antitrust watchdog told a newspaper. But that obviously goes against the logic of many Internet markets, " Andreas Mundt told Sueddeutsche Zeitung's Saturday edition.
Source: Reuters
EU plans to send more guards to Greece border

The EU has detailed a plan to send more guards and even troops to Macedonia's border with Greece in a bid to stem the flow of migrants, the FT reports.
Source: Financial Times | By: Duncan Robinson in Amsterdam
China says EU should take steel dumping claims to WTO

BEIJING, Feb 6- China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization, responding to reports that the European Commission was preparing to impose duties on imported Chinese steel. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on...
Source: Reuters
Fitch upgrades Ireland to 'A', hands government timely boost

DUBLIN, Feb 5- Fitch raised Ireland's credit rating a notch to' A' on Friday, taking the unusual step of upgrading a country's debt in the middle of an election campaign, a move that could potentially hand the government parties a boost. Ireland's prime minister Enda Kenny called elections for Feb. 26 on Wednesday, kicking off campaigning for what promises to be a...
Source: Reuters | By: Padraic Halpin
UPDATE 1-Hutchison reviewing EU objections to O2 merger-source

LONDON, Feb 5- CK Hutchison Holdings Ltd has received the EU's list of objections to its takeover of Telefonica's O2, which will create Britain's biggest mobile operator and cut the number of networks to three, a person familiar with the situation said. European Union antitrust regulators launched a full investigation last October into Hutchison's 10.3...
Source: Reuters | By: Paul Sandle
Portugal budget narrowly avoids rejection by EU

Portugal's budget for 2016 was judged to be "at risk of non-compliance" with European Union rules.
Source: CNBC.com | By: Katy Barnato
Anti-austerity Portuguese government gets EU's OK for budget

LISBON, Portugal— In a tug of war over budgets, the European Commission approved Portugal's so-called anti-austerity spending plan on Friday, but only after extracting a promise for almost $1 billion in additional cost cuts. Left-wing and center-left governments— particularly in Greece, Spain, Italy and France— have long complained that the EU's executive...
Source: The Associated Press
Faulty device didn't distort Xarelto trial results-EU watchdog

FRANKFURT, Feb 5- Europe's drug regulator said on Friday the defective blood clotting test device used in a key trial for the approval of Bayer's top-selling anti-clotting drug Xarelto did not distort the main findings.
Source: Reuters
EU negotiators dissect but don't demolish draft deal for Britain

London's bid to win exemption from the European Union goal of "ever closer union," preserve its financial sector from regulation by the euro zone and curb access to in-work benefits for EU migrant workers won backing from Poland as the meeting of national negotiators- or sherpas- began in Brussels. The powerful leader of Warsaw's new ruling party, Jaroslaw...
Source: Reuters | By: Gabriela Baczynska