Central bank chief Carney struggles to demistify recovery for Britons

RSS icon10:34pm 7 August 2013

LONDON (Reuters) - If Mark Carney planned his first media outing as 'superstar' chief of the Bank of England to reassure the British public of the bank's efforts to juice up Britain's weak recovery,...

BOJ to maintain stimulus, debate offering rosier view on economy

RSS icon10:22pm 7 August 2013

TOKYO (Reuters) - The Bank of Japan is expected to maintain its massive monetary stimulus on Thursday as its board debates whether growing bright signs from prices and the job market justify offering...

Financials drop as S&P 500 falls again

RSS icon10:21pm 7 August 2013

The broader fall in US stocks put S&P 500 on track for its first three-day losing streak since early June. The benchmark index is off 1.1% in that time

Jobless growth in the Philippines

RSS icon10:16pm 7 August 2013

Philippines boom doesn’t provide cheer for all

Jobless growth in the Philippines

RSS icon10:16pm 7 August 2013

Philippines boom doesn’t provide cheer for all

Chic and cheap: China takes shine to South Korean cosmetics

RSS icon10:14pm 7 August 2013

SEOUL (Reuters) - Cosmetics brand Laneige has a French name and luxurious blue-and-white packaging but its legions of fans in China, the world's third-largest beauty products market, love it because...

Judge orders BP to pay $130 million fees to Gulf claims program

RSS icon10:10pm 7 August 2013

NEW ORLEANS (Reuters) - BP Plc must pay $130 million (84 million pounds) to a court-appointed administrator overseeing payments to thousands of people who claimed they were hurt by the 2010 Gulf of...

Amgen deal for Onyx possible within week - sources

RSS icon10:06pm 7 August 2013

NEW YORK (Reuters) - Onyx Pharmaceuticals Inc is close to selling itself to larger rival Amgen Inc as the cancer drugmaker's high stock price has discouraged other companies from making a...

Exillon shares fall as court order raises uncertainty about buyout

RSS icon09:57pm 7 August 2013

(Reuters) - Shares in Russian oil producer Exillon Energy Plc , in takeover talks with founder and Kazakh businessman Maksat Arip, fell 9 percent after paper maker Kazakhstan Kagazy Plc said it...

Seven bidders line up for TDF's French unit - sources

RSS icon09:54pm 7 August 2013

LONDON (Reuters) - About seven bidders are lining up for Telediffusion de France's (TDF) domestic business and lenders are preparing debt packages of more than 2 billion euros for a deal worth about...

Wall Street retreats for third day

RSS icon09:15pm 7 August 2013

Equities come under pressure again, with Tokyo sliding as the yen strengthens and the S&P 500 falling further from last week’s record high

U.S. appeals court revives Apple patent claims vs. Google

RSS icon08:50pm 7 August 2013

(Reuters) - A U.S. appeals court ruled on Wednesday that Apple Inc should be able to renew its arguments at the International Trade Commission that Google Inc's Motorola Mobility unit violated two...

Glencore, JPMorgan sued over warehouse aluminium prices

RSS icon08:08pm 7 August 2013

SINGAPORE/LONDON (Reuters) - Glencore Xstrata and JPMorgan Chase & Co face a U.S. lawsuit alleging they artificially inflated aluminium prices and disrupted supplies, as legal challenges related...

Lobstermen squeezed by oversupply

RSS icon07:30pm 7 August 2013

The price per pound is plummeting as harvests surge from about 28m pounds in 1990 to 126m pounds last year but demand fails to keep pace

Cinven mulls sale of PizzaExpress owner

RSS icon07:29pm 7 August 2013

Investor is interested in selling Gondola, which it bought for €1.3bn and also owns Zizzi, but no decision has been made and no banks appointed

Dash for Bunds may fade as Europe growth picks up, Fed tapers

RSS icon07:20pm 7 August 2013

LONDON (Reuters) - After months playing the divergence between U.S. and euro zone monetary policies, an investor switch from Treasuries into German bonds may have run its course as signs of...

Monte dei Paschi's losses worsen due to bad debts, income drop

RSS icon07:14pm 7 August 2013

MILAN (Reuters) - Scandal-hit Italian bank Monte dei Paschi di Siena made a bigger than expected second-quarter loss due to higher writedowns on loans and a sharp drop in interest income, making it...

Barclays resolute on money transfers

RSS icon06:55pm 7 August 2013

Concerns over risk of financial crime lead to severing of links with hundreds of overseas agencies despite protest led by gold medallist Mo Farah

Guinea to buy electricity from UK's Aggreko to stem power cuts

RSS icon06:51pm 7 August 2013

CONAKRY (Reuters) - Guinea will buy emergency electricity from British power provider Aggreko in a bid to stem rolling power cuts that have led to street protests, the West African nation's...

Diamond in talks on backing trading platform

RSS icon06:48pm 7 August 2013

Venture is hoping to shake up its competitors by offering a mobile phone-style ‘pay for what you consume’ data fee for traders

Iron ore rallies despite China gloom

RSS icon06:45pm 7 August 2013

But as the Chinese economy cools and miners’ investments begin to raise supply, many traders and investors expect prices to fall significantly

LG puts buttons on back of phone

RSS icon06:44pm 7 August 2013

LG places all its buttons on the rear of its latest flagship handset, claiming this "shifts the paradigm" of smartphone design.

LG puts buttons on back of phone

RSS icon06:44pm 7 August 2013

LG places all its buttons on the rear of its latest flagship handset, claiming this "shifts the paradigm" of smartphone design.

Barry Town league battle in court

RSS icon06:44pm 7 August 2013

A football club argues at High Court that it is entitled to play in the Welsh league despite being withdrawn in May.

Barry Town league battle in court

RSS icon06:44pm 7 August 2013

A football club argues at High Court that it is entitled to play in the Welsh league despite being withdrawn in May.

Analysis - Forex hedging in vogue as U.S. investors target overseas shares

RSS icon06:43pm 7 August 2013

NEW YORK (Reuters) - U.S. investors who buy foreign stocks are increasingly looking at currency hedging, a strategy that has had a mixed track record.

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Vimpelcom hires former Verizon Wireless finance chief

RSS icon06:37pm 7 August 2013

MOSCOW (Reuters) - Russia's third-largest mobile operator Vimpelcom has hired the former finance chief of the biggest U.S. mobile provider Verizon Wireless, as it strives to cut its $23 billion (£14....

European junk debt sales soar in US

RSS icon06:33pm 7 August 2013

Demand for higher yields provided by junk bonds, including those of European companies, is likely to remain high in the coming months

Bank of England ties rates to jobs, markets unconvinced

RSS icon06:22pm 7 August 2013

LONDON (Reuters) - The Bank of England broke with tradition on Wednesday, planning to keep interest rates at a record low until unemployment falls to 7 percent or below, which it said could take...

Intu retreats as real estate leads sell-off

RSS icon06:14pm 7 August 2013

The owner of Manchester’s Trafford Centre, 20% owned by property tycoon John Whittaker, slipped after Goldman Sachs downgraded to ‘sell’