Labour makes case for OBR change
10:12pm 14 October 2013
A change in the law to allow parties' tax and spending commitments to be independently audited would help ensure an "informed debate" at the next election, Labour says.
Peugeot shares plunge on report
09:54pm 14 October 2013
Shares in struggling car maker Peugeot Citroen fall 10% on reports that the company is planning to sell shares.
Insight - Philippines infrastructure: taking the slow train to nowhere
09:48pm 14 October 2013
MANILA (Reuters) - Images of a portion of the Philippines' oldest light rail transit line ablaze in the middle of the night were exactly what private sector bidders for a $1.4 billion (875.3 million...
Wall Street shares rise on U.S. budget deal hopes, yen gains
09:39pm 14 October 2013
NEW YORK (Reuters) - Global equity markets rebounded and oil pared losses on Monday on news of efforts by President Barack Obama and leaders in Congress to resolve an impasse over how to extend the U...
Franco-German divisions cloud efforts to fix broken banks
09:37pm 14 October 2013
LUXEMBOURG (Reuters) - The euro zone wrestled on Monday with the question of who should pay for a clean-up of bust banks, as Franco-German divisions cast a cloud over efforts to seal a landmark...
Boeing rebuts critical Pentagon report on helicopter parts
09:16pm 14 October 2013
WASHINGTON (Reuters) - Boeing Co on Monday rebutted a Pentagon's inspector general report that said the company overcharged the U.S. Army by up to $16.6 million (10.3 million pounds) on a $4.4...
Time for rich nations to act on loose policy - Mexico's Carstens
09:07pm 14 October 2013
MEXICO CITY (Reuters) - Rich countries must urgently take advantage of looser monetary policy to stabilize their economies and stimulate growth, without relying solely on central banks, Mexican...
Analysis - U.S. race to clinch debt sales may prove costly
08:55pm 14 October 2013
NEW YORK (Reuters) - It sounds like the plot of a pulpy Hollywood thriller: a mad dash for more than $100 billion (62.5 billion pounds) in cash in the 48 hours before the clock runs out....
Rival airline attacks Alitalia rescue as illegal
08:53pm 14 October 2013
MILAN/PARIS (Reuters) - A leading European airline group denounced Italian plans to rescue Alitalia as illegal on Monday, as shareholders were due to vote on a capital increase to keep the near-...
U.S. senators close in on fiscal deal as deadline looms
08:45pm 14 October 2013
WASHINGTON (Reuters) - U.S. senators said they were closing in on a deal Monday that would reopen the government and push back a possible default for several months, though many hurdles remained as a...
Forex funds feel strain of debt deadlock
08:21pm 14 October 2013
Many are avoiding placing any bets at all while a measure of volatility in major currencies has tumbled to its lowest since January
Glencore dips as broker says it overvalued
08:14pm 14 October 2013
Liberum Capital calculates that Glencore is trading at nearly 20 times earnings at spot commodity prices, more than twice BHP Billiton’s rating
US ethanol credits drop sharply on leak
08:02pm 14 October 2013
Leaked proposal indicates EPA examining deep cuts to Washington biofuels mandate. Renewable Identification Numbers are trading down 25% from last week
IASB accounting body rejects EU parliament's funding conditions
08:00pm 14 October 2013
LONDON (Reuters) - The group which writes global accounting rules said the European Parliament was threatening its independence by calling for a fundamental change to the way it sets standards, and...
ECB's Coeure warns over waning coordination on regulation
07:58pm 14 October 2013
PARIS (Reuters) - The benefits of new international financial regulations risk being squandered to the detriment of growth if governments fail to better coordinate across borders, ECB Executive Board...
Sales of ultra-safe US covered bonds stall
07:45pm 14 October 2013
Six years after US government first raised possibility of writing new rules that would help US banks sell special debt, that legal framework is no closer
Sales of ultra-safe US covered bonds stall
07:45pm 14 October 2013
Six years after US government first raised possibility of writing new rules that would help US banks sell special debt, that legal framework is no closer
GSW accepts Deutsche Wohnen offer, group to raise dividend
07:42pm 14 October 2013
FRANKFURT (Reuters) - German Real estate company GSW said on Monday it would recommend its shareholders accept Deutsche Wohnen's takeover offer, taking the 1.7 billion euro bid (1.4 billion pounds)...
Renminbi hits record high against dollar
07:41pm 14 October 2013
Central bank allowing currency to increase despite contraction in exports reinforces expectations that China will take further steps at liberalisation
Gold rebounds after sharp slide
07:40pm 14 October 2013
The US government shutdown and the looming debt ceiling deadline has failed to support the precious metal in recent weeks
Germany wins backing of EU ministers to block car emissions law
07:33pm 14 October 2013
LUXEMBOURG (Reuters) - European Union environment ministers on Monday agreed to German demands to scrap an agreement to cap EU car emissions that Berlin argued would cost jobs and damage its premium...
Italy's RCS dissolves shareholder pact
07:19pm 14 October 2013
MILAN (Reuters) - The shareholder pact controlling RCS MediaGroup has been wound up ahead of time, a move expected to cut shareholder interference in the loss-making publisher of Italy's leading...
Fed's Yellen often warns about lingering unemployment - ECB official
07:08pm 14 October 2013
NEW YORK (Reuters) - Janet Yellen, the nominee expected to run the U.S. Federal Reserve beginning next year, regularly warns at meetings of the world's central bankers that short-term unemployment...
Grangemouth refinery begins shutdown ahead of strike
07:06pm 14 October 2013
GRANGEMOUTH, Scotland/LONDON (Reuters) - UK's Grangemouth refinery began halting work on Monday ahead of a 48-hour strike in a development that looked increasingly like a repeat of a 2008 crisis...
GM-Peugeot setbacks set scene for Dongfeng deal push
07:00pm 14 October 2013
PARIS/LONDON (Reuters) - General Motors scaled back cooperation with Peugeot months into their alliance and later turned down a government-backed merger, leaving China's Dongfeng as the French...
Hunt for ways to monetise the hashtag
06:38pm 14 October 2013
Ad.ly is using Twitter userbase to promote products, matching clients including Walmart, General Mills and L’Oréal with some of its ‘influencers’
Future BoE deputy governor sees no UK housing bubble
06:27pm 14 October 2013
LONDON (Reuters) - Britain's housing market is not entering a new price bubble but bank lending must be watched closely after the launch of a new state mortgage guarantee programme, the Bank of...
ISS prepares for return to public markets
06:19pm 14 October 2013
Owners EQT and Goldman Sachs prepare Danish cleaning and catering group for a return to the public markets – the third attempt in seven years to do so
Four of top five annuity providers increase rates
06:15pm 14 October 2013
Four of the top five annuity providers in the UK increased their rates by 2% in September, according to the Annuity Bureau
EU Commission says Italy needs to notify Alitalia bailout
06:04pm 14 October 2013
BRUSSELS (Reuters) - Italy will have to notify a planned government-led 500-million-euro bailout of near-bankrupt airline Alitalia to EU regulators who will then assess whether the measure complies...