France says dropping idea of cap on executive pay
09:57pm 23 May 2013
PARIS (Reuters) - The French government has decided to drop a plan to impose a ceiling on executive pay in the private sector, though it will go ahead with a two-year super-tax on firms paying...
Global markets fall on growth fears
09:36pm 23 May 2013
Global stock markets fall after weak Chinese economic data and concerns the US may scale back monetary stimulus efforts but the Dow Jones closes flat.
ECB can't solve euro zone crisis alone - Weidmann
09:35pm 23 May 2013
PARIS (Reuters) - Bundesbank chief Jens Weidmann said on Thursday it was not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB policymakers for the bank...
Commodities trader sues BP, others for alleged price fixing
09:34pm 23 May 2013
(Reuters) - A commodities trader filed suit against BP Plc, Royal Dutch Shell Plc and Statoil in a U.S. federal court, accusing the companies of colluding to fix prices in North Sea Brent crude oil....
Wall Street shrugs off Nikkei slide
09:16pm 23 May 2013
Bullish US equity investors brush aside steep losses for Japanese shares and concerns about the outlook for the Chinese economy
SAC lawyers met with prosecutors to argue against charges - sources
09:07pm 23 May 2013
NEW YORK (Reuters) - Lawyers for SAC Capital Advisors called a meeting with U.S. prosecutors and FBI agents in April to argue that there should be no insider trading charges filed against the $15...
French court questions IMF chief
08:45pm 23 May 2013
IMF chief Christine Lagarde is grilled by judges in Paris over a big payout to a tycoon when she was French finance minister.
Goldman unveils checks on conflicts in bid to fix image
08:20pm 23 May 2013
SALT LAKE City (Reuters) - After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc CEO Lloyd...
Icahn seeks up to $7 billion for Dell bid
08:15pm 23 May 2013
NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion (4.6...
Buyout groups target US retailers
07:29pm 23 May 2013
Other potential private equity deals for department stores would be about squeezing greater efficiency out of more mature businesses
Fed officials stress no rush to exit, not on 'autopilot'
07:25pm 23 May 2013
(Reuters) - The Federal Reserve will not hastily withdraw its policy stimulus for the U.S. economy, a senior U.S. central banker said on Thursday, while another stressed that it could adjust the pace...
Telecom Italia puts off network decision to May 30
07:16pm 23 May 2013
MILAN (Reuters) - Telecom Italia has pushed to the end of the month a decision on whether to spin off its fixed-line access network, which is proving more complex than expected due to political and...
Ireland's largest union backs public sector pay deal
06:57pm 23 May 2013
DUBLIN (Reuters) - Ireland's largest union on Thursday recommended its members back a revised public sector pay deal in a boost to the government which needs to secure approval to meet budget targets...
ISS settles SEC suit over information leaks
06:27pm 23 May 2013
The employee accessed a confidential database from home and work and used his personal email to send voting details to the proxy solicitor, according to the SEC
UK’s FTSE suffers biggest fall in a year
06:14pm 23 May 2013
Miners led the wider market lower on weak Chinese manufacturing data. The FTSE 100 dropped from a 13-year high, losing 2.1 per cent or 143.48 points at 6,696.79
UK’s FTSE suffers biggest fall in a year
06:14pm 23 May 2013
Miners led the wider market lower on weak Chinese manufacturing data. The FTSE 100 dropped from a 13-year high, losing 2.1 per cent or 143.48 points at 6,696.79
Spain mulls inflation-linked debt sale
06:01pm 23 May 2013
Spanish bond yields have fallen sharply since the height of the eurozone debt crisis, driven by promise of intervention from the European Central Bank
Yen and franc gain as risk appetite hit
05:46pm 23 May 2013
Haven currencies strengthen amid concerns the US Federal Reserve could taper its bond-buying programme as China data weigh on sentiment
Mozambique mines 'hurt locals'
05:44pm 23 May 2013
International mining companies operating in Mozambique are failing in their obligation to people displaced by coal mining, says Human Rights Watch.
Petrobras looks to issue bonds in euros
05:42pm 23 May 2013
Move by the Brazilian oil company follows the strong demand for its $11bn offering and it now hopes to raise about another $5bn of debt in euros
Oil and copper tumble on weak China data
05:41pm 23 May 2013
Oil falls more than a dollar while the red metal falls more than 3% following weak Chinese data and a plunge in the Japanese stock market
M&B warns of subdued consumer confidence
05:40pm 23 May 2013
Pub group to target key customers in an up to £80m capital spend programme to turn round the chain following weak trading after Christmas and Easter
Vanguard extends European ETF push
05:18pm 23 May 2013
Price competition in Europe’s ETF market is growing with Vanguard launching four new products in London
Japan slump tests faith in Abenomics run
05:03pm 23 May 2013
Nikkei dives 7%, the steepest fall since the March 2011 earthquake and tsunami, in the first setback to Abe’s drive to reflate third-largest economy
Europe postpones 'Solvency II for pensions'
05:00pm 23 May 2013
The European Commission has dropped plans to introduce new capital requirements for pension schemes when it overhauls the Institutions for Occupational Retirement Provision Directive later this year.
Financial transaction tax
04:58pm 23 May 2013
The financial industry’s lobbyists are churning out warnings about a financial transaction tax, but there is no need to start panicking just yet
Bank division lifts profits at Investec
04:47pm 23 May 2013
Higher lending boosts the South African business’s banking arm and helps overall net income rise 28.3 per cent for the full-year to £317.5m
‘Think again on women’s pensions’
04:38pm 23 May 2013
Pension experts believe many women approaching retirement will be worse off under reforms
Glencore Xstrata raises $5bn in bond sale
04:19pm 23 May 2013
First tranche of funding since $76bn merger was completed three weeks ago comes amid record low yields for investment-grade corporate bonds
Tata Steel swings to a loss
04:12pm 23 May 2013
Tata Steel, one of the world's biggest steelmakers, blames weakness in Europe for a net loss in the fourth quarter and says "severely depressed" conditions are likely to persist.