Central bank chief Carney struggles to demistify recovery for Britons
10:34pm 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
10:22pm 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
10:21pm 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
10:16pm 7 August 2013
Philippines boom doesn’t provide cheer for all
Jobless growth in the Philippines
10:16pm 7 August 2013
Philippines boom doesn’t provide cheer for all
Chic and cheap: China takes shine to South Korean cosmetics
10:14pm 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
10:10pm 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
10:06pm 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
09:57pm 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
09:54pm 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
09:15pm 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
08:50pm 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
08:08pm 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
07:30pm 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
07:29pm 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
07:20pm 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
07:14pm 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
06:55pm 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
06:51pm 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
06:48pm 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
06:45pm 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
06:44pm 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
06:44pm 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
06:44pm 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
06:44pm 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
06:43pm 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
06:37pm 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
06:33pm 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
06:22pm 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
06:14pm 7 August 2013
The owner of Manchester’s Trafford Centre, 20% owned by property tycoon John Whittaker, slipped after Goldman Sachs downgraded to ‘sell’