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Updated: 14 hours 11 min ago

BOJ's Kuroda says stable yen key for Japan businesses

Tue, 16/09/2014 - 09:54
OSAKA Japan (Reuters) - Bank of Japan Governor Haruhiko Kuroda said stable yen moves are crucial for the country's business sector, nodding to complaints from some companies that rising import costs from sharp yen declines were starting to hurt their bottom line.

Thomas Cook points to slowdown in German market

Tue, 16/09/2014 - 09:46
LONDON (Reuters) - British holiday operator Thomas Cook on Tuesday highlighted a slowdown in bookings in its German market but also provided guidance on full-year earnings that put the company broadly on course to meet analyst expectations.

UK inflation slips back, house price growth hits seven-year high

Tue, 16/09/2014 - 09:35
LONDON, Sept 16 (Reuters) - British inflation edged down last month but house price growth surged in July at the fastest annual pace since in seven years, official data showed on Tuesday.

ECB's Liikanen says bank ready to take more action if necessary

Tue, 16/09/2014 - 09:20
HELSINKI (Reuters) - The European Central Bank is committed to using additional unconventional instruments if necessary to fend off deflation in the euro zone, governing council member Erkki Liikanen said on Tuesday.

Thyssen examines options for Airbus Atlas stake

Tue, 16/09/2014 - 09:15
FRANKFURT (Reuters) - Germany's ThyssenKrupp said it was considering whether to exercise its right of first refusal to buy out Airbus's stake in submarine supplier Atlas Elektronik.

Russian economy to fall 3-4 percent if Iran-style sanctions imposed - former Finance Minister

Tue, 16/09/2014 - 08:29
MOSCOW (Reuters) - Russia's economy could contract 3-4 percent if western nations tighten sanctions over Moscow's role in the Ukraine crisis to make them similar to those imposed on Iran, former finance minister Alexei Kudrin said on Tuesday.

AstraZeneca gets up to $500 million from Lilly for Alzheimer's drug

Tue, 16/09/2014 - 08:23
LONDON (Reuters) - AstraZeneca has signed a partnership deal with U.S. rival Eli Lilly that could earn the British company up to $500 million (308.86 million pounds) if a promising – but risky – experimental Alzheimer’s drug proves successful.

China regulator questions Toyota Lexus division over parts pricing - sources

Tue, 16/09/2014 - 08:18
BEIJING (Reuters) - China's price regulator has summoned executives from Toyota Motor Corp over pricing policies and practices for spare and replacement parts at its luxury Lexus division, people with direct knowledge of the matter said.

Spain's Santander buys Canada's Carfinco for $269 million

Tue, 16/09/2014 - 08:03
MADRID (Reuters) - Spanish bank Santander said on Tuesday it had reached an agreement to acquire the Canadian business of auto-financing company Carfinco for C$298 million (166.38 million pounds).

Asian shares on edge as investors brace for Fed

Tue, 16/09/2014 - 07:54
TOKYO (Reuters) - Asian shares fell to 10-week lows on Tuesday as investors braced for a possible hawkish shift in the Federal Reserve's policy stance in the lead-up to the U.S. central bank's two-day policy meeting later in the day.

EU regulators expect Novo Banco sale to proceed as agreed

Mon, 15/09/2014 - 11:46
BRUSSELS (Reuters) - European Union state aid regulators expect Portugal to sell Novo Banco, the successor to troubled Banco Espirito Santo (BES) , in line with a pledge made in return for regulatory approval of its 4.9-billion-euro (3.90-billion-pound) state bailout.

UK's Phones 4u administration puts 5,596 jobs at risk

Mon, 15/09/2014 - 11:43
(Reuters) - British mobile phone retailer Phones 4u [PHONE.UL] is seeking administrators, putting 5,596 jobs in jeopardy, after the country's biggest mobile operator EE joined Vodafone in not renewing its network agreement.

Gemfields forms joint venture to hunt for sapphires in Sri Lanka

Mon, 15/09/2014 - 11:38
(Reuters) - Precious stones miner Gemfields Plc has formed a joint venture to mine sapphires in Sri Lanka as part of its long-held ambition to become the De Beers of the global coloured stones market.

Alibaba to boost IPO size on 'overwhelming' demand - sources

Mon, 15/09/2014 - 11:24
HONG KONG (Reuters) - Alibaba Group Holding Ltd plans to increase the size of its U.S. initial public offering because of "overwhelming" investor demand, people familiar with the deal said on Monday.

Cognizant to buy IT services provider Trizetto for $2.7 billion

Mon, 15/09/2014 - 11:22
(Reuters) - Cognizant Technology Solutions Corp said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion (1.66 billion pounds) in cash.

France, China to boost currency, energy cooperation - China vice premier

Mon, 15/09/2014 - 11:18
PARIS (Reuters) - France and China will work together to promote the international role of the euro and the Chinese currency, and also beef up their cooperation in the nuclear power and uranium mining sectors, China Vice Premier Ma Kai said on Monday.

Santander's Ana Botin affirms bank's strategy, dividend

Mon, 15/09/2014 - 11:15
SANTANDER Spain (Reuters) - Ana Botin, the new chairwoman of Santander, told shareholders on Monday she would defend the legacy of her father at the helm of the euro zone's biggest bank and said priorities included maintaining a prudent strategy and dividend policy.

Startups go Dutch for new era in manufacturing

Mon, 15/09/2014 - 11:10
AMSTERDAM (Reuters) - Beneath the low beams of a converted warehouse in Amsterdam lives a company with many of the attributes of a Silicon Valley startup, except that at less than a year old it has zero venture capital and says it is already making enough money to sustain itself.

Lufthansa pilots to strike in Frankfurt on Tuesday

Mon, 15/09/2014 - 10:59
FRANKFURT (Reuters) - Lufthansa pilots will hold an eight-hour strike on Tuesday, wiping out long-haul flights from its Frankfurt hub, union Vereinigung Cockpit said on Monday, announcing the fourth strike by the pilots to hit the German airline within three weeks.

Euro zone trade surplus rises in July on growing exports

Mon, 15/09/2014 - 10:52
BRUSSELS (Reuters) - The euro zone's trade surplus rose year-on-year in July as exports grew faster than imports, pointing to a positive contribution to economic growth at the start of the third quarter, the European Union's Statistics office data showed.