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Updated: 15 hours 31 min ago

Swiss central bank breaks silence to trumpet intervention threat

Mon, 29/06/2015 - 14:18
ZURICH/LONDON (Reuters) - Unusual public confirmation that the Swiss National Bank intervened to weaken the franc escalated its battle to rein in a currency whose strength amid Greece's debt crisis is hamstringing an export-reliant economy.








Greece in shock as banks shut after snap referendum call

Mon, 29/06/2015 - 14:07
ATHENS (Reuters) - Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.








European banks, bonds shaken by Greek turmoil

Mon, 29/06/2015 - 13:47
LONDON (Reuters) - Europe's financial markets were jolted on Monday by the collapse of talks and imposition of capital controls in Greece, although initial heavy selling eased as investors judged there was still some way to run for the saga.








Bank of England's Weale says transcript plans make him "more stilted" in MPC meetings

Mon, 29/06/2015 - 13:07
LONDON (Reuters) - Bank of England policymaker Martin Weale said his contributions to Monetary Policy Committee meetings have become "more stilted" since the BoE decided to publish transcripts, although he added the benefits outweighed the costs.








UK officials block key shale gas project in blow to industry

Mon, 29/06/2015 - 12:59
LONDON (Reuters) - British local government officials rejected a shale gas project in northwest England on Monday, dealing a blow to Britain's shale gas sector that is supported by Prime Minister David Cameron's government.








Sky calls for competition inquiry into UK broadband market

Mon, 29/06/2015 - 12:06
LONDON (Reuters) - Sky has called for a competition inquiry into Britain's broadband market where it says BT , the market leader whose network it relies on, has an effective monopoly.








FTSE slips on Greek jitters, travel and banking stocks worst hit

Mon, 29/06/2015 - 12:04
LONDON (Reuters) - Britain's top share index fell sharply on Monday, with investor sentiment punctured by Greece's deepening debt crisis following the breakdown of talks with creditors and Athens' imposition of capital controls.








Greek crisis pushes oil below $62 to three-week low

Mon, 29/06/2015 - 11:32
LONDON (Reuters) - Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.








Confederation of British Industry appoints first female director-general

Mon, 29/06/2015 - 11:18
LONDON (Reuters) - The Confederation of British Industry (CBI) said on Monday that former television executive Carolyn Fairbairn would be its next director-general, making her the first woman to be appointed to the role.








UK mortgage approvals fall unexpectedly in May

Mon, 29/06/2015 - 10:50
LONDON, June 29 (Reuters) - British mortgage approvals fell unexpectedly in May, Bank of England data showed on Monday, countering other recent signs that activity in the housing market has picked up in recent months.








Euro recovers ground but still broadly down in volatile trade

Mon, 29/06/2015 - 10:03
LONDON (Reuters) - The euro recovered much of the ground it had lost overnight in volatile trading on Monday, but was still 0.8 percent down against the dollar, after Greece took a step closer to a default and potential exit from the euro zone.








European bank shares slump on fears Greece crisis will spread

Mon, 29/06/2015 - 09:14
LONDON (Reuters) - European bank shares stumbled towards their biggest daily fall for four years on Monday, led by big lenders in Italy, Spain and France, after Greece closed its banks and imposed capital controls as it faced the prospect of leaving the eurozone.








Germany's BMW among suitors for 5.28 billion pounds ANZ car finance unit - source

Mon, 29/06/2015 - 08:30
SYDNEY (Reuters) - Germany's BMW AG , Australia's Macquarie Group and a host of U.S. private equity firms are expected to bid for Australia and New Zealand Banking Group's more than $6 billion car and equipment loan book, a source said on Monday.








Slater & Gordon confirms UK accounting errors, regulator probe

Mon, 29/06/2015 - 07:39
SYDNEY (Reuters) - Australian law firm Slater & Gordon said on Monday it was being investigated by the Australian Securities and Investments Commission (ASIC) over errors in its reporting of UK cashflows, sending its shares down 26.4 percent.








Insight - Slowboat to China: No quick fix for luxury yacht firm Ferretti

Mon, 29/06/2015 - 07:12
SARNICO, Italy/SINGAPORE (Reuters) - When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven.








Novartis agrees to buy biotech firm Spinifex Pharmaceuticals

Mon, 29/06/2015 - 06:31
ZURICH (Reuters) - Swiss drugmaker Novartis AG will buy U.S.-Australian biotech company Spinifex Pharmaceuticals, a chronic pain specialist, the companies said in separate statements on Monday.








Confident AIIB can start functioning before year end - China Finance Minister

Mon, 29/06/2015 - 04:38
BEIJING (Reuters) - China's Finance Minister Lou Jiwei said on Monday he was confident the Asian Infrastructure Investment Bank (AIIB) could start functioning before the end of the year.








Japan's Aso doesn't see major local market disruptions on Greece turmoil

Mon, 29/06/2015 - 03:53
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Monday he did not think declines in Japanese stocks would spread or that the yen would suddenly spike due to turmoil triggered by a deepening crisis in cash-strapped Greece.








Fed's Dudley says September rate hike 'very much in play' - FT

Mon, 29/06/2015 - 00:47
NEW YORK (Reuters) - A September interest rate hike is "very much in play" if the U.S. economy continues to strengthen, though the Federal Reserve could also wait until December to start tightening policy, an influential Fed official said in a newspaper interview.








Euro, U.S. stock futures plunge on Greece default fears

Mon, 29/06/2015 - 00:32
TOKYO (Reuters) - U.S. stock futures and the euro fell almost 2 percent in early Asian trade on Monday as Greece looks set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs.








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