Arab spring nations face delayed economic recovery - IMF26/05 02:01 CET, By Suleiman Al-Khalidi AMMAN (Reuters) – Arab spring countries face rising social tensions that could thwart an early economic recovery from over two years of political turmoil…
Blackstone notifies Cohen's SAC it intends to pull money - pension consultant25/05 19:12 CET, By Matthew Goldstein (Reuters) – Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his…
- Loro Piana rides high through recession in ultra-luxury sector
25/05 18:07 CET, By Naomi O’Leary ROME (Reuters) – Italian luxury firm Loro Piana expects double-digit sales growth to continue in 2013 as it expands its niche in the ultra-luxury sector, its…
- Blackstone notifies Cohen's SAC it intends to pull money - pension consultant
25/05 17:46 CET, By Matthew Goldstein (Reuters) – Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his…
- UAE's Majid AL Futtaim eyes $1 billion investments this year
25/05 17:00 CET, By Suleiman Al-Khalidi Dead Sea, Jordan (Reuters) – UAE’s Majid Al Futtaim Holding (MAF) – sole franchise of hypermarket chain Carrefour in the Gulf – said it foresaw capital…
- Board of Italy's ILVA steel group quits after asset seizure
25/05 16:10 CET, ROME (Reuters) – The management board of Italian steel group ILVA has resigned, the company said on Saturday, following the seizure of 8 billion euros of assets from its…
- Germany's Kion ready for IPO but not in a rush - report
25/05 14:24 CET, FRANKFURT (Reuters) – Kion Group , the world’s second biggest maker of fork lift trucks, would be ready for an initial public offering but is not in a rush, German paper…
- Greece modifies DEPA privatisation terms to accommodate Gazprom: source
25/05 13:01 CET, ATHENS (Reuters) – Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way for Russian energy giant Gazprom to bid for…
- News Corp to take charge of up to $1.4 billion this quarter
25/05 01:48 CET, By Jennifer Saba (Reuters) – News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion (925.4 million pounds), as…
Visa, Mastercard ask U.S. court to declare card fees are lawful24/05 23:44 CET, By Jessica Dye NEW YORK (Reuters) – Visa Inc and MasterCard Inc , opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a…
Yahoo joins growing list of bidders for Hulu - sources24/05 22:06 CET, By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) – Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video…
Co-op Bank stops lending to new corporate clients24/05 21:21 CET, By Matt Scuffham LONDON (Reuters) – The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its…
Deutsche Post files EU complaint against German email law24/05 21:19 CET, DUESSELDORF (Reuters) – Deutsche Post has filed a complaint with the European Commission against a German law that will require government agencies and public services to use a…
Yahoo joins growing list of bidders for Hulu - sources24/05 21:06 CET, By Ronald Grover LOS ANGELES (Reuters) – Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and…
Yahoo joins growing list of bidders for Hulu - sources24/05 20:59 CET, By Ronald Grover LOS ANGELES (Reuters) – Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and…
- Yahoo joins growing list of bidders for Hulu - sources
24/05 20:57 CET, By Ronald Grover LOS ANGELES (Reuters) – Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and…
Bankia sells City National Bank of Florida for $883 million24/05 20:53 CET, MADRID (Reuters) – Spanish nationalized lender Bankia SA said on Friday it had sold City National Bank of Florida to Chilean bank BCI for $883 million (583 million pounds), part…
Exclusive - DBRS to rate all euro zone sovereigns by year-end24/05 20:44 CET, By Luciana Lopez NEW YORK (Reuters) – DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries…
- Ford to retain 1,000 jobs at French plant after deal
24/05 19:35 CET, BLANQUEFORT, France (Reuters) – U.S. car maker Ford will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the…
- Analysis - Gold faces more pressure as inflation stays tame
24/05 19:33 CET, By Jan Harvey LONDON (Reuters) – Gold prices are looking even more vulnerable after April’s price crash, as rampant inflation expected from successive rounds of monetary easing…
UBS France could face criminal investigation - source24/05 19:15 CET, PARIS (Reuters) – UBS’ French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank’s business practices, a person…
Ally of HK leader investigated in exchange probe24/05 18:52 CET, By James Pomfret HONG KONG (Reuters) – The chairman of Hong Kong’s Mercantile Exchange is under police investigation, the government said on Friday, as three other men were…
- News Corp's publishing business to initiate stock buyback
24/05 18:16 CET, (Reuters) – News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away. The board of the publishing business…
HSBC calls for faster banking reforms24/05 18:10 CET, By Steve Slater and Matt Scuffham LONDON (Reuters) – HSBC called on regulators to speed up industry reform as its shareholders urged Europe’s biggest bank to take a lead in…
- EU reviews policies, looks for ways to help aluminium industry
24/05 18:05 CET, By Maytaal Angel and Susan Thomas LONDON (Reuters) – The European Commission expects to complete a review by October of ways to help Europe’s struggling aluminium industry…
- Monte Paschi might not be an isolated bank case in Italy - Chairman
24/05 17:55 CET, BAGNAIA, Italy (Reuters) – The crisis that has hit Italy’s third-largest lender Banca Monte dei Paschi di Siena might not be an isolated case, Monte Paschi Chairman Alessandro…
- P&G CEO switch will not lead to big strategy change - CFO
24/05 17:38 CET, (Reuters) – Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world’s…
- EU risks 'too big to cooperate' bank supervision
24/05 17:30 CET, By Huw Jones BRUSSELS/LONDON (Reuters) – The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe’s banks does not…
- U.S. durable goods orders point to factory resilience
24/05 17:16 CET, By Jason Lange WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output…
Co-op Bank stops lending to new corporate clients24/05 17:15 CET, By Matt Scuffham LONDON (Reuters) – The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its…
- Henrik Fisker joins Hong Kong tycoon to salvage Fisker - sources
24/05 16:35 CET, By Deepa Seetharaman and Norihiko Shirouzu DETROIT/BEIJING (Reuters) – Henrik Fisker is working with an investor group to salvage Fisker Automotive, the “green” car company he…
- Italian tax police seize assets of steel magnate Riva
24/05 16:31 CET, BARI, Italy (Reuters) – Italy’s tax police have seized assets worth 8.1 billion euros belonging to the Riva family, owners of the Italian steel group ILVA, in connection with…
- RLPC-Royal Mail sounds out market for 1.5 billion pounds IPO loan
24/05 16:13 CET, By Tessa Walsh LONDON (Reuters) – Banks have been asked to gauge by the end of this week the appetite for a 1.5 billion-pound syndicated loan to back the planned privatisation of…
Insight - Luxury brands position for U.S. boom24/05 16:11 CET, By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) – Most men might balk at spending $600 (396.83 pounds) on a pair of Dior sneakers but for U.S. shoppers like Ephraim…
- EU watchdog seeks powers over cross-border insurers
24/05 16:04 CET, FRANKFURT (Reuters) – EU insurance watchdog EIOPA on Friday set out a wish list of new powers it is seeking, including stepped-up supervision rights over the bloc’s big insurers…
- China solar companies shun home market in pursuit of margins
24/05 15:57 CET, By Swetha Gopinath and Thyagaraju Adinarayan (Reuters) – Chinese solar panel makers are shunning their overcrowded home market in favor of lucrative exports, a switch that has…
- News Corp's publishing business to initiate stock buyback
24/05 15:47 CET, (Reuters) – News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. The board of the…
- Co-op Bank stops lending to new corporate clients
24/05 15:29 CET, By Matt Scuffham LONDON (Reuters) – The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its…
- U.S. durable goods orders rise, point to factory resilience
24/05 15:15 CET, By Jason Lange WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a contraction in factory output could…
- HSBC Chairman urges acceleration of bank reform
24/05 15:13 CET, By Steve Slater and Matt Scuffham LONDON (Reuters) – HSBC’s Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was…
- News Corp's publishing business to initiate stock buyback
24/05 15:10 CET, (Reuters) – News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. The board of the…
- HSBC Chairman urges acceleration of bank reform
24/05 15:06 CET, By Steve Slater and Matt Scuffham LONDON (Reuters) – HSBC’s Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was…
- P&G CEO switch will not lead to big strategy change - CFO
24/05 14:49 CET, (Reuters) – Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world’s…
Analysis - German economy to pick up but fall short of traditional pace24/05 13:55 CET, By Sarah Marsh BERLIN (Reuters) – Germany’s economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone…
- Italian firms tap debt market as bank lending dries up
24/05 13:47 CET, By Francesca Landini MILAN (Reuters) – More Italian companies are set to tap the debt market for the first time this year, hoping to attract yield-hungry investors and find…
- EU risks 'too big to cooperate' bank supervision
24/05 13:39 CET, By Martin Santa and Huw Jones BRUSSELS/LONDON (Reuters) – The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe’s…
- 3i grows infrastructure arm with Barclays fund purchase
24/05 13:27 CET, LONDON (Reuters) – 3i Group PLC is to buy the European infrastructure fund management business of British bank Barclays as part of a drive to boost its fee income from…
- Steel distributor Kloeckner to cut more jobs, sites
24/05 13:16 CET, DUESSELDORF, Germany (Reuters) – German steel distributor Kloeckner & Co increased planned job cuts to more than 2,000, the third time it has broadened the scope of its…
- Dai-ichi expands in Southeast Asia with Panin Life deal - source
24/05 12:56 CET, By Taiga Uranaka TOKYO (Reuters) – Japan’s Dai-ichi Life Insurance Co Ltd has agreed to buy a 40 percent stake in Panin Life from the parent of the Indonesian insurer for around…
- Japan life insurers may keep money at home as bond yields rise
24/05 12:45 CET, By Taiga Uranaka TOKYO (Reuters) – Japanese life insurers are giving signs that they may not send much more of their $3 trillion in assets abroad this year, as Japanese…
- Standard Chartered's Sands says Muddy Waters' debt bet misplaced
24/05 12:45 CET, By Janeman Latul and Kanupriya Kapoor JAKARTA (Reuters) – Standard Chartered PLC’s chief executive Peter Sands denied U.S. activist investor Muddy Waters’ claim that the bank…
HSBC urges acceleration of banking reform24/05 12:43 CET, LONDON (Reuters) – HSBC’s Chairman Douglas Flint said on Friday the pace of reform in the banking industry must be accelerated to avoid investor confidence in the sector being…
- Co-op Bank stops lending to new corporate clients
24/05 12:40 CET, By Matt Scuffham LONDON (Reuters) – The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its…
Academics back BP's fight to cap oil spill payouts24/05 12:39 CET, By Andrew Callus LONDON (Reuters) – A group of accountancy professors is backing BP’s fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow…
- Tighter oil market will boost unloved energy stocks - Investec
24/05 12:38 CET, By Claire Milhench LONDON (Reuters) – A tighter oil market in the second half of 2013 will boost some energy stocks, which have trailed the rest of the equity market though the…
- Mitsubishi Motors manoeuvres to end 15-year dividend drought
24/05 12:36 CET, By Yoko Kubota TOKYO (Reuters) – Mitsubishi Motors Corp , the Japanese maker of Triton pickups, the Outlander Sport SUV and i-MiEV electric car, wants shareholders to approve a…
Academics back BP's fight to cap oil spill payouts24/05 12:35 CET, By Andrew Callus LONDON (Reuters) – A group of accountancy professors is backing BP’s fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow…
Co-op Bank stops lending to new corporate clients24/05 12:34 CET, By Matt Scuffham LONDON (Reuters) – The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its…
HSBC urges acceleration of banking reform24/05 12:33 CET, LONDON (Reuters) – HSBC’s Chairman Douglas Flint said on Friday the pace of reform in the banking industry must be accelerated to avoid investor confidence in the sector being…
- Three mainland Chinese charged in HK mercantile exchange probe
24/05 12:30 CET, By James Pomfret HONG KONG (Reuters) – Three men were charged on Friday in a Hong Kong court with possessing false documents including a cheque for $460 million in connection…
UK may be three quarters of the way through debt purge - Fisher24/05 11:48 CET, CARDIFF (Reuters) – Britain may be as much as three quarters of the way through the process of working off the high debt levels which have weighed on the economy since the…
- Banks in the spotlight in debate over UK listing rules
24/05 11:16 CET, By Clara Ferreira-Marques and Kylie MacLellan LONDON (Reuters) – As Britain’s stock market watchdog pores over the implications of scandals at mining companies ENRC and Bumi, the…
Rosy China growth forecasts fade on further signs of slowdown24/05 10:55 CET, By Koh Gui Qing BEIJING (Reuters) – As evidence mounts that China’s economy is losing momentum, economists are fast abandoning their rosy recovery forecasts and bracing for what…
- EU denies breakdown in solar panel talks
24/05 10:43 CET, By Ethan Bilby and Charlie Zhu BRUSSELS/HONG KONG (Reuters) – The European Commission rejected Chinese trade association statements that talks to resolve a dispute over…
Market turbulence poses first serious test for Abenomics24/05 10:02 CET, By William Mallard TOKYO (Reuters) – This week’s turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe’s all-in strategy to revive Japan’s economy – if…
Fed's Bullard wants inflation pickup before tapering QE24/05 09:57 CET, LONDON (Reuters) – A top Federal Reserve official said on Friday U.S. inflation would have to pick up before he voted to scale back monetary policy stimulus and that this was…
- Co-op Bank stops lending to new corporate clients
24/05 09:54 CET, LONDON (Reuters) – Co-operative Bank said on Friday it had stopped offering loans to new business customers, in a move designed to quell growing concerns over its capital…
- UK may be three quarters of the way through debt purge - Fisher
24/05 09:10 CET, CARDIFF (Reuters) – Britain may be as much as three quarters of the way through the process of working off the high debt levels which have weighed on the economy since the…
- 3i says to buy Barclays Infrastructure Funds Management
24/05 08:53 CET, LONDON (Reuters) – 3i Group PLC is taking over the European infrastructure fund management business run by Barclays as part of a plan to boost fee income from public-private…
Private consumption helps Germany to meagre growth in first-quarter24/05 08:11 CET, Berlin (Reuters) – Private consumption helped Germany eke out meagre economic growth of 0.1 in the first quarter of the year, compensating for declines in exports and investment…
Japan's Nikkei turns positive in volatile trade24/05 07:46 CET, TOKYO (Reuters) – Japan’s Nikkei stock average turned positive in a volatile session on Friday afternoon after the previous session’s 7.3 percent plunge. The Nikkei was up 1…
- Nikkei falls below 14,000 in sharp afternoon sell-off
24/05 06:52 CET, TOKYO (Reuters) – Japan’s Nikkei share average fell below 14,000 for the first time in three weeks at one point on Friday afternoon, extending the previous session’s 7.3 percent…
BOJ Kuroda vows to calm JGBs, guide economy to recovery24/05 06:07 CET, By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday expressed confidence the central bank can stem bond market volatility with flexible market…
- BOJ Kuroda says will strive to ensure JGB market stability
24/05 05:33 CET, TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank will make efforts to avert volatility in bond markets through flexible market operations…
Nikkei recoups some of Thursday's 7.3 percent dive, bull run seen intact24/05 05:11 CET, By Dominic Lau TOKYO (Reuters) – The Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, which most market watchers said marked a…
Google, like Facebook, in talks to buy Waze for $1 billion - report24/05 03:55 CET, (Reuters) – Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported…
P&G brings back former CEO to fix company24/05 03:11 CET, By Jessica Wohl (Reuters) – Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world’s largest household products maker, replacing Bob McDonald immediately in…
- P&G brings back A.G. Lafley as CEO, McDonald out
24/05 02:59 CET, By Jessica Wohl (Reuters) – Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world’s largest household products maker, replacing Bob McDonald immediately in…
- P&G brings back A.G. Lafley as CEO, McDonald out
24/05 02:26 CET, By Jessica Wohl (Reuters) – Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world’s largest household products maker, replacing Bob McDonald immediately in…
- Japan economics minister - 'Abenomics' proceeding smoothly
24/05 02:23 CET, TOKYO (Reuters) – Japan’s “Abenomics” economic policies are proceeding smoothly with the government determined to map out its growth strategy by midyear, Economics Minister Akira…
- P&G brings back A.G. Lafley as CEO, McDonald out
24/05 02:21 CET, By Jessica Wohl (Reuters) – Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world’s largest household products maker, replacing Bob McDonald immediately in…
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