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Updated: 21 hours 52 min ago

EU executive proposes one-year delay to 2018 for new securities rules

Wed, 10/02/2016 - 10:04
LONDON (Reuters) - The European Union's executive body has proposed a one-year delay to January 2018 for the bloc's sweeping reform of securities markets rules, saying banks and regulators needed more time to prepare.

Prices decline on oversupply as domestic production rises

Wed, 10/02/2016 - 09:46
LONDON (Reuters) - British wholesale natural gas prices declined on Wednesday morning due to oversupply, as domestic production rose after the end of terminal and pipeline maintenance.

UK industrial output suffers biggest drop since 2012 in December

Wed, 10/02/2016 - 09:43
LONDON (Reuters) - British industrial output suffered its sharpest monthly drop in December since 2012, driven down by declines in mining, oil and gas extraction and manufacturing, official data showed on Wednesday.

Tullow in the red for second year as weak oil prices bite

Wed, 10/02/2016 - 09:39
LONDON (Reuters) - Africa-focused Tullow Oil reported an operating loss for the second consecutive year on Wednesday, as the sharp decline in oil prices cut revenue by 27 percent, and said it was prepared to all but cease making new investments if the low oil price persists.

Financial stocks help FTSE to bounce back

Wed, 10/02/2016 - 09:37
LONDON - Britain's top share index climbed higher on Wednesday, with Tesco gaining after an industry sales report and banks bouncing back on bargain-hunting after three straight sessions of losses.

Pinewood Group, studio home of James Bond, could be put up for sale

Wed, 10/02/2016 - 09:32
LONDON (Reuters) - Pinewood Group, owner of the British studio where James Bond is filmed, said the firm could be sold as it looks to boost shareholder value and help the company grow.

Banks lead Europe shares higher, oil up before Yellen

Wed, 10/02/2016 - 09:30
LONDON (Reuters) - European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls.

Unibet surges as European stocks edge up off 2-year lows

Wed, 10/02/2016 - 09:18
LONDON (Reuters) - European shares rebounded back up on Wednesday from two-year lows reached in the previous session, helped by some solid corporate earnings and signs of corporate takeover activity.

German firms positive going for 2016, export expectations up - DIHK

Wed, 10/02/2016 - 08:56
BERLIN (Reuters) - German companies view their business situation as being as good as never before and export expectations are improving in the industrial sector after a subdued outlook late last year, Germany's DIHK Chambers of Commerce said on Wednesday.

BMW sales rise 7.5 percent in January on demand in Europe, China

Wed, 10/02/2016 - 08:02
FRANKFURT (Reuters) - BMW reported a 7.5 percent rise in monthly car sales to 152,879 vehicles in January, as growth in Europe and China more than offset a slide in the United States, where winter storms deterred car buyers.

ARM shrugs off smartphone slowdown as newer designs win share

Wed, 10/02/2016 - 07:26
LONDON (Reuters) - ARM Holdings, the British chip designer whose technology powers smartphones, reported a 17 percent rise in fourth-quarter profit as its latest processor designs continued to win market share.

Myanmar's second round of bank licences attracts 13 foreign lenders - central bank

Wed, 10/02/2016 - 06:50
YANGON (Reuters) - A total of 13 banks, mostly Taiwanese, answered a call from Myanmar's central bank for expressions of interest in a second round of foreign bank licencing aimed at further liberalising a sector that was previously off-limits to international players.

Asahi to buy two SABMiller brands for over $3.5 billion - Nikkei

Wed, 10/02/2016 - 05:23
TOKYO (Reuters) - Japan's Asahi Group Holdings has agreed to buy SABMiller's Peroni and Grolsch beer brands and is likely to pay over 400 billion yen, the Nikkei business daily reported on Wednesday.

Millennials are shifting car ownership model; ask Toyota

Wed, 10/02/2016 - 00:07
TOKYO (Reuters) - When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at twenty-somethings, it could not have guessed that the model would be dead after just 12 years.

Japan January wholesale prices fall 3.1 percent year-on-year

Tue, 09/02/2016 - 23:58
TOKYO, Feb 10 (Reuters) - Japanese wholesale prices fell 3.1 percent in the year to January, Bank of Japan data showed on Wednesday.

HSBC money laundering report's release likely delayed - U.S. judge

Tue, 09/02/2016 - 22:44
NEW YORK (Reuters) - A U.S. judge said Tuesday that he would likely delay the release of a report detailing how well HSBC Holdings Plc has complied with anti-money laundering requirements until a federal appeals court could weigh in.

Viacom CEO rails against 'naysayers' as sales miss estimates, shares tumble

Tue, 09/02/2016 - 22:39
(Reuters) - Viacom Inc CEO Philippe Dauman railed at critics of his leadership after a fifth straight quarter missing Wall Street's sales estimates on Tuesday, unnerving investors and sending the media company's shares down more than 21 percent to a five-year low.

Serious Fraud Office extends director Green's contract

Tue, 09/02/2016 - 10:22
LONDON (Reuters) - Britain's Serious Fraud Office has extended director David Green's contract by two years, to April 2018, it said on Tuesday.

BoE deputy governor says should consider action if credit grows faster than GDP

Tue, 09/02/2016 - 10:17
LONDON (Reuters) - Bank of England Deputy Governor Jon Cunliffe said on Tuesday that the central bank should not wait too long to act to strengthen financial stability if lending grows faster than the economy as a whole.

FTSE recovers slightly but remains near three-year lows

Tue, 09/02/2016 - 10:04
LONDON - A fall in the shares of major banks and mining stocks kept Britain's top share index near three-year lows on Tuesday, as concerns lingered over the global economy and the health of the financial sector.