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Updated: 7 hours 49 min ago

Falling inflation a worry for Europe but also the world

Sun, 23/11/2014 - 09:40
LONDON (Reuters) - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.

Sweden's Wallenberg dynasty prepares for sixth generation

Sun, 23/11/2014 - 08:25
STOCKHOLM (Reuters) - Jacob Wallenberg, the 58-year-old head of one of Europe's most enduring family dynasties, is trying to work out how the empire controlling much of Sweden's economy could look with a woman or someone without the family name at the helm.

Putin stands by hawkish Russian central bank - for now

Sun, 23/11/2014 - 07:09
MOSCOW (Reuters) - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.

Aviva says will compensate customers sold wrong annuities

Sun, 23/11/2014 - 01:30
LONDON (Reuters) - British insurer Aviva plc said on Saturday it would compensate around 250 annuity customers who had been short-changed because of an error in its sales process.

Aviva says will compensate customers sold wrong annuities

Sat, 22/11/2014 - 19:17
LONDON (Reuters) - British insurer Aviva plc said on Saturday it would compensate around 250 annuity customers who had been short-changed because of an error in its sales process.

Albanian opposition rallies against tax, power burden

Sat, 22/11/2014 - 17:43
TIRANA (Reuters) - Tens of thousands of Albanians protested on Saturday against tax hikes in next year's budget, accusing the Socialist-led government of impoverishing Albanians and falling short on its promises.

SGL says in talks with many carmakers to supply carbon fibre parts

Sat, 22/11/2014 - 15:07
FRANKFURT (Reuters) - SGL Group , the materials supplier for carbon fibre reinforced parts in BMW's electric cars, is in talks with several other carmakers to supply carbon fibre for a wider range of automotive components, its chief executive said.

Swiss agency has more queries over Etihad plan to buy Darwin stake

Sat, 22/11/2014 - 14:55
ZURICH (Reuters) - Swiss authorities have given Darwin Airline until the end of January to answer more questions about Etihad Airways' plans to buy a third of the Swiss airline before it gives the deal the green light.

Europe not at risk of full-blown deflation - ECB's Constancio

Sat, 22/11/2014 - 14:30
FLORENCE Italy (Reuters) - Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday.

Volkswagen on track to reach 2018 margin goal - Wirtschaftswoche

Sat, 22/11/2014 - 14:04
FRANKFURT (Reuters) - German auto maker Volkswagen , which is cutting costs and overhauling its development and production, is on track to reach its goal of a pretax profit of 8 percent of sales by 2018, German weekly Wirtschaftswoche reported on Saturday.

Thyssen CEO says sale of submarine unit possible - Sueddeutsche

Sat, 22/11/2014 - 13:46
FRANKFURT (Reuters) - ThyssenKrupp would consider a sale of the group's military submarine business under certain conditions, the German steel maker's chief executive told daily Sueddeutsche Zeitung.

China's rate-cut likely to hurt banks, curb new loans to small borrowers

Sat, 22/11/2014 - 13:26
SHANGHAI (Reuters) - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

Italy expects no further EU demands to correct budget

Sat, 22/11/2014 - 13:20
FLORENCE Italy (Reuters) - Italy does not expect any more requests from the European Commission to change its 2015 budget to meet European rules on debt reduction, Italy's top official on EU policy said on Saturday.

Egypt hopes to attract $10-12 billion at investment summit in March

Sat, 22/11/2014 - 13:12
CAIRO (Reuters) - Egypt hopes to attract investment of $10-$12 billion in 20 projects, including in energy, transport and water, at a major conference in mid-March, the minister for international cooperation said on Saturday.

Spain's Hispania makes $187 million takeover offer for Realia

Sat, 22/11/2014 - 11:45
MADRID (Reuters) - Spanish property investment company Hispania confirmed early on Saturday a takeover offer for Realia valuing the real estate group at around 151 million euros, just over two thirds of its market valuation.

India approves $2.6 billion mounted gun purchase - official

Sat, 22/11/2014 - 11:31
NEW DELHI (Reuters) - India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said.

Visa sees Visa Europe option now costing more than $10 billion

Sat, 22/11/2014 - 00:39
(Reuters) - Visa Inc , the world's largest credit and debit card company, said it might have to pay more than $10 billion (6.39 billion pounds) to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it.

European Parliament may propose Google break-up in draft resolution

Fri, 21/11/2014 - 23:06
By Alexei Oreskovic, Julia Fioretti and Alastair Macdonald

Greece battles lenders over projected budget gap, Fitch affirms rating

Fri, 21/11/2014 - 22:45
ATHENS (Reuters) - Greece's government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast.

Honda in talks with other suppliers for Takata air bag fix - WSJ

Fri, 21/11/2014 - 22:05
DETROIT (Reuters) - Honda Motor Co is in talks with two air bag suppliers to help it stock replacement parts for defective Takata Corp air bags, the Wall Street Journal reported on Friday, citing people aware of the planning.