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Updated: 13 hours 52 min ago

Indian factory activity expands at slower clip in August

Mon, 01/09/2014 - 06:12
BANGALORE (Reuters) - Indian factory growth eased in August from July's 17-month record pace as new orders came in at a slower clip, a business survey showed on Monday.






Weak data to test BOJ's rosy economic view, policy on hold

Mon, 01/09/2014 - 06:01
TOKYO (Reuters) - The Bank of Japan will maintain its existing stimulus policy and optimistic economic view on when it meets on Thursday, sources say, preferring to take more time to gauge whether a run of weak data is sufficient to threaten a fragile recovery.






China's parliament authorises local governments to issue bonds

Mon, 01/09/2014 - 05:14
SHANGHAI (Reuters) - China's parliament has formally approved changes to the budget law allowing local governments to issue bonds directly, a reform that could help stabilise government financing by creating the country's first municipal bond market.






New Apple iPhone to have 'mobile wallet' function - Bloomberg

Mon, 01/09/2014 - 04:59
(Reuters) - Apple Inc plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation.






China's official PMI slips to 51.1 in August

Mon, 01/09/2014 - 04:43
BEIJING (Reuters) - An index of growth in China's vast manufacturing sector fell from a 27-month high to 51.1 in August, a government study showed on Monday, slightly less than forecast and adding to signs of growing softness in the Chinese economy.






China banks seek new lending horizons as bad debts rise

Mon, 01/09/2014 - 02:28
SHANGHAI/HONG KONG (Reuters) - Grappling with a slowing economy, China's biggest banks are turning their back on mainstay borrowers like manufacturers and courting high growth industries such as healthcare, food and IT in a bid to boost revenue.






Bank of America hired to sell America Movil assets - Bloomberg

Mon, 01/09/2014 - 02:01
(Reuters) - America Movil SAB , the wireless provider controlled by Mexican billionaire Carlos Slim, has hired Bank of America Corp to sell certain phone assets as part of a breakup plan to appease Mexican lawmakers, Bloomberg said, citing people familiar with the matter.






Spanish property portfolio restructures deal ahead of IPO - The Times

Mon, 01/09/2014 - 01:58
(Reuters) - A portfolio of banks and hedge funds have restructured a Spanish property deal ahead of its initial public offering, The Times reported on Monday, citing commercial property newsletter EuroProperty.






Citi to pay allowance to compensate for limited bonuses

Mon, 01/09/2014 - 01:16
(Reuters) - Citigroup Inc has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people.






UK manufacturing growth cools as export orders slip - EEF

Mon, 01/09/2014 - 00:51
LONDON (Reuters) - Britain's main manufacturing trade association trimmed its growth forecast for 2014 on Monday after its members reported the first fall in export orders since early 2013.






Swatch prefers go-it-alone route for smartwatch plans

Sun, 31/08/2014 - 10:23
BIEL (Switzerland) (Reuters) - Swatch Group is happy to go it alone with a launch next year of watches with "smart" features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion.






Investors' eyes pinned on ECB as Europe's health deteriorates

Sun, 31/08/2014 - 10:17
BRUSSELS (Reuters) - The European Central Bank meeting on Thursday is the prime event for markets seeking clarity on the bank's response to a stalled recovery, disappearing inflation and the sluggish pace of reform in the euro zone.






Former Financial Times Group CEO to become next BBC Trust chairman

Sun, 31/08/2014 - 10:02
LONDON (Reuters) - Rona Fairhead, former boss of the Financial Times Group, will become the new chairman of the BBC Trust, the body which oversees the publicly funded British broadcaster, the government said in a statement on Sunday.






Delek Group eyes London listing, moves to loss on one-off items

Sun, 31/08/2014 - 08:18
TEL AVIV (Reuters) - Israeli energy company Delek Group is considering issuing its shares for trading on the London Stock Exchange in addition to its Tel Aviv listing.






Left-leaning EU leaders agree no change to budget pact - Gabriel

Sun, 31/08/2014 - 01:36
PARIS (Reuters) - Left-leaning European national government leaders meeting in Paris agreed more needed to be done to boost growth in the bloc but that EU rules limiting budget deficits should not be overhauled, German Vice-Chancellor Sigmar Gabriel said.






Former FT CEO to become next BBC Trust chairman

Sat, 30/08/2014 - 23:09
LONDON (Reuters) - Rona Fairhead, former boss of the Financial Times Group, will become the new chairman of the BBC Trust, the body which oversees the publicly-funded British broadcaster, the BBC reported on Saturday.






Left-leaning EU leaders agree no change to budget pact - Gabriel

Sat, 30/08/2014 - 16:09
PARIS (Reuters) - Left-leaning European national government leaders meeting in Paris agreed more needed to be done to boost growth in the bloc but that EU rules limiting budget deficits should not be overhauled, German Vice-Chancellor Sigmar Gabriel said.






Britain's Co-op backs radical reform plans

Sat, 30/08/2014 - 14:10
LONDON (Reuters) - Members of the Co-operative Group on Saturday overwhelmingly endorsed a radical shake-up of its board structure, designed to avoid a repeat of the mistakes that brought Britain's biggest mutual to its knees.






Polls show wide support in France for changes in 35-hour week

Sat, 30/08/2014 - 12:58
PARIS (Reuters) - Nearly two thirds of the French believe companies should be allowed exemptions to the country's 35-hour working week if they reach agreements with trade unions, two polls showed on Saturday.






China graft watchdog probes another executive at Chinese car maker

Sat, 30/08/2014 - 09:00
BEIJING (Reuters) - China's anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the company.






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