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Updated: 38 min 7 sec ago

Emirates orders two A380s built for bankrupt carrier

Wed, 13/04/2016 - 16:55
DUBAI/PARIS (Reuters) - Dubai's Emirates emerged on Wednesday as the buyer of two new Airbus A380s, stepping in to add to its large fleet of superjumbos after the recent bankruptcy of a Japanese carrier.

Record number of UK energy users switch to small suppliers

Wed, 13/04/2016 - 16:51
LONDON (Reuters) - A record number of British energy users have switched from large to independent electricity and gas suppliers, Britain's energy lobby group said on Wednesday, showing that smaller providers are continuing grow retail market share.

Fed's Yellen still favours cautious monetary policy stance - Time

Wed, 13/04/2016 - 16:43
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen said she favours a cautious approach to monetary policy because the U.S. central bank must try to avoid making "big mistakes," according to an interview published on Wednesday.

Israeli brothers bring TripAdvisor model to world of funds

Wed, 13/04/2016 - 16:40
LONDON (Reuters) - Consumers who are happy to buy everything from hotels to washing machines, movies and cars on the recommendation of online rankings can now do one more thing: invest in funds.

Anglo's Australian coal assets interest rivals, private equity -sources

Wed, 13/04/2016 - 16:39
LONDON (Reuters) - Mining companies and private equity firms are circling Anglo American's metallurgical coal assets in Australia, which could be valued at around $1.5 billion in a sale, several sources familiar with the matter said on Wednesday.

Peabody, world's top private coal miner, files for bankruptcy

Wed, 13/04/2016 - 16:26
(Reuters) - Peabody Energy Corp filed for U.S. bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of $10.1 billion (£7.1 billion), much of it incurred for an expansion into Australia.

Lufthansa talks to SAS, Brussels Airlines to spread Eurowings - sources

Wed, 13/04/2016 - 16:20
FRANKFURT (Reuters) - Lufthansa is in talks with the owners of Scandinavian carrier SAS and Brussels Airlines to expand the number of destinations it flies to and grow its low-cost Eurowings business, people close to the German airline said.

Tesco dampens profit growth expectations as price war rages

Wed, 13/04/2016 - 16:18
LONDON (Reuters) - Tesco , Britain's biggest retailer, warned a supermarket price war meant profit growth would be hard to deliver this year despite a sales recovery picking up pace.

OPEC cuts 2016 oil demand growth forecast, warns of more

Wed, 13/04/2016 - 16:14
LONDON (Reuters) - OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.

Dollar advances on stronger stocks, China data

Wed, 13/04/2016 - 15:52
NEW YORK (Reuters) - The dollar climbed to a two-week peak against the euro on Wednesday, as gains in global stock markets and improved data out of China drew investors into riskier bets than low-yielding currencies in Europe and Japan.

Exclusive- Greece to seek debt servicing at fixed rates in relief talks

Wed, 13/04/2016 - 15:26
(Reuters) - Greece will ask its international lenders this week to lock annual debt servicing costs on its official loans at a fixed interest rate to make its debt mountain more manageable.

German banks put up language barrier against ECB supervision

Wed, 13/04/2016 - 14:46
FRANKFURT (Reuters) - German banks and their chief supervisor, the European Central Bank, don't speak the same language -- in most cases literally.

Oil prices fall on producer meeting doubts, stronger dollar

Wed, 13/04/2016 - 14:40
LONDON (Reuters) - Oil futures traded lower on Wednesday on concerns that a producer meeting set for Sunday in Doha to discuss freezing output will do little to trim oversupply as well as a strengthening dollar.

EU set to give Italy more time to sell four rescued banks - chairman

Wed, 13/04/2016 - 14:30
ROME (Reuters) - The European Union is set to allow Italy to extend a deadline to sell four small savings banks it bailed out last year, the chairman of the four banks said on Wednesday.

Brexit vote would damage UK economy, may push BoE to cut rates - Reuters poll

Wed, 13/04/2016 - 14:08
LONDON (Reuters) - A British vote to leave the European Union on June 23 would hurt the economy, an overwhelming majority of economists said in a Reuters poll, and could push the Bank of England to cut interest rates for the first time since the financial crisis.

UK watchdog cracks down on anti-competitive banking practices

Wed, 13/04/2016 - 13:38
LONDON (Reuters) - Banks unfairly favour big fund managers when it comes to doling out shares in company listings and this must change, Britain's Financial Conduct Authority (FCA) said on Wednesday.

China's Shanghai Jahwa Group in talks to buy Mayborn stake

Wed, 13/04/2016 - 13:28
BEIJING (Reuters) - Chinese chemical products maker Shanghai Jahwa United Co said on Wednesday its controlling shareholder is in talks to buy a stake in Mayborn Group, which controls baby product maker Tommee Tippee.

Greek economy seen stuck in recession this year - think tank

Wed, 13/04/2016 - 13:22
ATHENS (Reuters) - Greece's economy will shrink 1.0 percent this year with the recession expected to deepen after a 0.3 percent contraction in 2015, an influential think tank IOBE projected in a quarterly report on Wednesday.

'Living wills' for 5 out of 8 big banks fail U.S. regulators' test

Wed, 13/04/2016 - 13:08
WASHINGTON (Reuters) - Five out of eight of the country's biggest banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday.

JPMorgan profit hurt by weak investment banking and trading

Wed, 13/04/2016 - 13:04
(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a drop in quarterly profit - its first in five quarters - as costs to cover sour loans to troubled oil companies rose and revenue from trading and investment banking declined.