Basel capital rules fall short, risky - Blackrock's Hildebrand
09:41pm 15 October 2013
MEXICO CITY (Reuters) - Policymakers have so far failed to create strong enough capital requirements for banks, which coupled with easy money policies, may sow the seeds of the next financial crisis...
Portugal to cut state wages in 2014, exit bailout
09:24pm 15 October 2013
LISBON (Reuters) - Portugal presented its 2014 budget on Tuesday, which it hopes will lead the country out of its bailout programme and return it to normal debt market financing along with its first...
Citigroup results hit by bond trading slowdown
09:20pm 15 October 2013
(Reuters) - Citigroup Inc posted weaker-than-expected third-quarter earnings on Tuesday as bond market trading volume dropped, hurting revenue at the No. 3 U.S. bank and across Wall Street....
Ireland to shut 'Apple' tax loophole
09:18pm 15 October 2013
The Irish government plans to shut one controversial tax loophole used by Apple but leaves another open.
Ireland to shut 'Apple' tax loophole
09:18pm 15 October 2013
The Irish government plans to shut one controversial tax loophole used by Apple but leaves another open.
ECB's Praet says euro fx rate within normal range
09:17pm 15 October 2013
MUNICH (Reuters) - The euro is trading within a relatively normal band in foreign exchange markets at the moment, European Central Bank Executive Board member Peter Praet said on Tuesday, indicating...
S&P slips as fiscal deal proves elusive
09:12pm 15 October 2013
Early hopes of a deal to resolve the impasse in Washington fade, sending the S&P 500 lower and helping gold rally off a three-month low
Alcatel-Lucent's future is at risk - CEO
09:03pm 15 October 2013
PARIS (Reuters) - Alcatel-Lucent's future is at risk after the telecoms company, which has been in the red since 2006, missed key technological shifts, its chief executive Michel Combes said on...
Treasury rates rise, U.S. stocks fall as Washington talks stall
08:52pm 15 October 2013
NEW YORK (Reuters) - U.S. short-term bill rates rose and stocks slid on Wall street as U.S. Senate fiscal negotiations were suspended, making prospects for an agreement to end the U.S. government's...
KKR expands with €1bn Serbian cable deal
08:44pm 15 October 2013
The investment is likely to enable the New York-based private equity group to start raising a new fund after its first outlay in eastern Europe
Seeing the Woodford for the trees
08:34pm 15 October 2013
It may be possible to replicate Invesco Perpetual’s departing star fund manager Neil Woodford more cheaply through exchange traded funds
Financial watchdog to warn on wrongdoing
08:26pm 15 October 2013
Companies could face unwanted publicity before FCA makes final decision on evidence, although it will stop short of naming and shaming individuals
Exclusive - Fed's Fisher, vocal hawk, sees no QE cuts this month
08:24pm 15 October 2013
NEW YORK (Reuters) - "Reckless" U.S. fiscal policy will likely force the Federal Reserve to stand pat on monetary policy this month, one of the Fed's biggest critics of the U.S. central bank's bond-...
U.S. SEC chief concerned investors face 'information overload'
08:23pm 15 October 2013
NATIONAL HARBOR, Maryland (Reuters) - U.S. securities regulators are reviewing whether public companies overwhelm investors with "information overload" and should instead streamline disclosures about...
Halliburton manager pleads guilty to destroying Gulf spill evidence
08:22pm 15 October 2013
NEW ORLEANS (Reuters) - A Halliburton Co manager formally pleaded guilty in U.S. federal court on Tuesday to destroying evidence in connection with the oilfield services company's role in the BP oil...
Italy approves 2014 budget with tax, spending cuts
08:21pm 15 October 2013
ROME (Reuters) - The Italian government on Tuesday approved a 2014 budget containing tax and spending cuts aimed at stimulating the recession-bound economy while keeping the budget deficit inside the...
Air France decision on Alitalia rescue evenly balanced - source
08:18pm 15 October 2013
ROME/PARIS (Reuters) - A decision by Alitalia's biggest shareholder, Air France-KLM, on whether to participate in an emergency share issue for the near-bankrupt Italian airline is evenly balanced, a...
VIDEO: Carving a business in pumpkins
08:06pm 15 October 2013
A man who has been carving intricate designs into pumpkins for years has turned his hobby into a business.
Royal Mail shares have strong start
07:54pm 15 October 2013
Shares in Royal Mail rise 3% on the company's first day of full trading on the London Stock Exchange.
Royal Mail shares have strong start
07:54pm 15 October 2013
Shares in Royal Mail rise 3% on the company's first day of full trading on the London Stock Exchange.
Insight - Three years on, Fed keeps BoA-Merrill waiting on commodity trade
07:52pm 15 October 2013
NEW YORK (Reuters) - In May 2010, one of Wall Street's biggest banks went to the Federal Reserve with a seemingly straightforward request: permission to expand its physical commodity operations...
U.S. surges past Saudis to become world's top oil supplier - PIRA
07:44pm 15 October 2013
(Reuters) - The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history, according...
Penney denies rumour of bankruptcy counsel hire as stock falls
07:41pm 15 October 2013
(Reuters) - A J.C. Penney Co Inc spokeswoman denied a market rumour on Tuesday that the department store chain had hired bankruptcy counsel, as shares slid as much as 8.3 percent.
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VIDEO: Newlyweds separated by US shutdown
07:33pm 15 October 2013
Ben Norskov and Mohini Freya Dutta got married this July. Now they will have to spend eight months apart because the US government shutdown delayed Dutta's green card application.
VIDEO: Newlyweds separated by US shutdown
07:33pm 15 October 2013
Ben Norskov and Mohini Freya Dutta got married this July. Now they will have to spend eight months apart because the US government shutdown delayed Dutta's green card application.
Intesa to commit up to 76 million euros to Alitalia capital hike
07:22pm 15 October 2013
MILAN (Reuters) - Italy's biggest retail bank Intesa Sanpaolo said on Tuesday it would commit up to 76 million euros (64.2 million pounds) to Alitalia's 300-million euro capital increase....
MPs launch Royal Mail inquiry as share rise continues
07:12pm 15 October 2013
LONDON (Reuters) - Shares in Royal Mail peaked 48 percent above their privatisation price on Tuesday as a committee of MPs said it planned to summon bankers and the business minister to a...
Audit reforms diluted
06:58pm 15 October 2013
Biggest companies will need to review accountants only once a decade, a further retreat from the idea of obliging them to change firms periodically
Deutsche Bank rates swap emails refer to customer being 'screwed'
06:39pm 15 October 2013
LONDON (Reuters) - A Deutsche Bank employee referred to a client not liking to know they were being "screwed" in a 2007 email concerning the sale of an interest rate swap which is now at the centre...
State pension set for 2.7% increase
06:30pm 15 October 2013
The state pension is likely to increase by £2.97 next year to just over £113 a week, after the consumer price index measure of inflation was found to be 2.7% in the year to September