Earnings and GDP growth fuel India optimism

RSS icon05:44pm 2 September 2014

Data showing that Asia’s third-largest economy expanded at 6% in the first quarter give a fillip to a market that has already jumped 28% in six months

QE would end EU financial fragmentation

RSS icon05:43pm 2 September 2014

For large swaths of the eurozone real interest rates remain inappropriately high given low levels of inflation, despite yields being at all-time lows

Call for Brussels to clarify trade rules

RSS icon05:33pm 2 September 2014

Commodity groups write to European Commission urging it to define which overseas markets would be exempt from new rules clearing derivatives trades

Detroit's bankruptcy battle begins

RSS icon05:28pm 2 September 2014

A hearing to convince a judge to approve Detroit's plan to restructure the city's debts has begun.

Tianhe shares halted after Anonymous report

RSS icon05:26pm 2 September 2014

The shadowy hacker group claims that the Chinese chemicals group ‘is a massive fraud and one of the largest stock market scams ever conceived’

Cantor receives $3.4m for joining Moelis

RSS icon05:14pm 2 September 2014

Former House majority leader will take a seat on the board of the US boutique investment bank headed by Ken Moelis

Vodafone shares turn higher on Softbank interest report - traders

RSS icon05:14pm 2 September 2014

LONDON (Reuters) - Vodafone shares turned higher late on Tuesday, with traders citing a Nikkei report suggesting the British mobile operator may become a takeover target for Japanese telecoms firm...

London Market Report

RSS icon05:05pm 2 September 2014

The pound falls after a poll for the Sun and the Times indicates a rise in support for the pro-Scottish independence "Yes" campaign.

EU court set to reject French appeal against SNCM state aid ruling

RSS icon04:58pm 2 September 2014

PARIS (Reuters) - The Court of Justice of the European Union (ECJ) is set to reject on Thursday an appeal by the French state against a ruling forcing France-Corsica ferry operator SNCM to pay back...

FTSE steadies near two-month high at close, miners up

RSS icon04:58pm 2 September 2014

LONDON (Reuters) - Britain's top share index steadied near a two-month high on Tuesday, with some caution before the European Central Bank's policy meeting on Thursday offsetting a rally in miners...

Exclusive - Alitalia, Etihad deal likely to be cleared by end of year : source

RSS icon04:41pm 2 September 2014

BRUSSELS (Reuters) - Italian airline Alitalia and Etihad Airways are expected to win EU regulatory clearance for their tie-up by the end of the year with minor concessions, a person familiar with the...

Boeing shares slip after first 'underperform' rating since 2009

RSS icon04:38pm 2 September 2014

NEW YORK (Reuters) - Boeing Co shares slipped 1.3 percent on Tuesday after a pair of downgrades from highly ranked analysts, including one who cut the stock outlook to "underperform."...

Two bidders in talks with UniCredit over bad loan unit-sources

RSS icon04:30pm 2 September 2014

MILAN (Reuters) - UniCredit has shortlisted Lone Star and a consortium comprising Italy's Prelios and Fortress Investment Group for the sale of its bad-loan management unit, and is expected to pick a...

Halliburton agrees oil spill deal

RSS icon03:42pm 2 September 2014

US oilfield firm Halliburton says it has agreed a $1.1bn settlement to meet the majority of claims against it for its role in the 2010 Gulf of Mexico oil spill.

Exclusive - Alitalia, Etihad deal likely to be cleared by end of year: source

RSS icon03:36pm 2 September 2014

BRUSSELS (Reuters) - Italian airline Alitalia and Etihad Airways are expected to win clearance for their tie-up by the end of the year with minor concessions, a person familiar with the matter said...

December date for Autumn Statement

RSS icon03:20pm 2 September 2014

George Osborne is to deliver the Autumn Statement, an annual update on the state of the economy, on 3 December.

Espirito Santo debt attracts potential buyers at 2 percent of face value

RSS icon03:10pm 2 September 2014

LISBON (Reuters) - Banque Privee Espirito Santo, part of the Espirito Santo family's business empire, has told clients that there are potential buyers for debt issued by troubled holding company...

Halliburton to settle U.S. Gulf spill claims for $1.1 billion

RSS icon02:50pm 2 September 2014

(Reuters) - Halliburton Co said it reached a $1.1 billion (665.9 million British pound) settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico...

More than 48,000 use Help to Buy

RSS icon02:34pm 2 September 2014

More than 48,000 homeowners have used the government's Help to Buy scheme since it started, figures show.

UK inflation expectations for next 12 months edge up in August - Citi/YouGov

RSS icon01:34pm 2 September 2014

LONDON (Reuters) - Britons' expectations for inflation over the next 12 months edged up in August to 2.3 percent from 2.2 percent in July, a monthly poll by YouGov showed on Tuesday....

Analysis - In countdown to UK election, rate hike moves to centre stage

RSS icon01:32pm 2 September 2014

LONDON (Reuters) - Britain's politicians and central bankers are watching one another even more closely than usual as the timing of a national election and a headline-making interest rate rise look...

In countdown to UK election, rate hike moves to centre stage

RSS icon01:31pm 2 September 2014

LONDON (Reuters) - Britain's politicians and central bankers are watching one another even more closely than usual as the timing of a national election and a headline-making interest rate rise look...

UK construction growth strongest in seven months - PMI

RSS icon01:20pm 2 September 2014

LONDON (Reuters) - Construction output in Britain grew at its fastest pace in seven months in August, boosting job creation but also putting strain on suppliers, industry data showed on Tuesday....

Rekindling Europe's repackaged debt market will take years

RSS icon01:01pm 2 September 2014

LONDON (Reuters) - Reviving Europe's repackaged debt market to fund economic recovery will take years and hinge on a re-invention of the sector rather than quick regulatory tweaks, bankers and...

UK to deliver budget statement on December 3 - Osborne

RSS icon12:29pm 2 September 2014

LONDON (Reuters) - The British government will release a half-yearly budget update and new fiscal forecasts on Dec. 3, Chancellor George Osborne said on Tuesday.


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Dollar General raises bid for rival

RSS icon12:27pm 2 September 2014

Dollar General, the lead discount retailer in the United States, raises its bid for rival store Family Dollar to almost $9.1bn (£5.51bn).

Quantitative easing hopefuls may be disappointed as Draghi plays for time

RSS icon12:18pm 2 September 2014

FRANKFURT (Reuters) - Expectations for further policy action at the European Central Bank's meeting on Thursday are running high after ECB President Mario Draghi pledged to use all available tools to...

Aston Martin appoints new chief

RSS icon11:59am 2 September 2014

UK luxury carmaker Aston Martin hires senior Nissan executive Andy Palmer as its new chief executive.

AUDIO: Is conflict good or bad for insurers?

RSS icon11:57am 2 September 2014

Bronek Masojada, chief executive of the insurance company Hiscox, analyses the effect of recent conflicts on the insurance market

Uber banned across Germany by court

RSS icon11:57am 2 September 2014

A court says the UberPop service must stop transporting passengers in Germany, but the American company refuses to suspend work.