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Updated: 21 hours 14 min ago

BMW finance chief sees further growth in 2015: paper

Sat, 18/10/2014 - 11:58
FRANKFURT (Reuters) - BMW expects sales to rise further next year as new models boost demand, the German carmaker's finance chief told a newspaper on Saturday, without giving a detailed forecast.






Japan rolls out 'long-held dream' with first commercial jet in 50 years

Sat, 18/10/2014 - 10:52
NAGOYA (Reuters) - To the sound of drums and a children's choir, Mitsubishi Aircraft on Saturday rolled out Japan's first commercial jet in half a century, amid doubts it can attain an ambition to sell more than 2,000 aircraft in a competitive market segment.






Exclusive - Takata engineers struggled to maintain air bag quality, documents reveal

Sat, 18/10/2014 - 03:07
By Joanna Zuckerman Bernstein, Ben Klayman and Yoko Kubota






JPMorgan seeks incentives to build new headquarters in Manhattan - NY Times

Sat, 18/10/2014 - 00:47
(Reuters) - City and state officials are negotiating with JPMorgan Chase & Co over a potential deal involving the bank building a vast $6.5 billion (4.04 billion pounds) corporate campus with two high-rise towers in the new commercial district on the Far West Side of Manhattan, the New York Times reported.






Exclusive - UBS tells brokers to keep selling risky Puerto Rico funds

Fri, 17/10/2014 - 22:16
(Reuters) - UBS AG is sticking with its recommendations that some clients buy risky Puerto Rico closed-end bond funds, despite hundreds of arbitration claims by investors who blame the securities for huge losses, according to an internal document.






Stocks rally as global selloff abates, bonds fall

Fri, 17/10/2014 - 21:30
NEW YORK (Reuters) - World equity markets rallied, with European stocks surging the most in more than two years, and bond prices slid on Friday as investors poured back into beaten-down markets on solid U.S. corporate earnings and rising consumer sentiment.






Analysis - Morgan Stanley, armed with cash from fixed income dump, goes shopping

Fri, 17/10/2014 - 20:44
NEW YORK (Reuters) - Morgan Stanley , which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit.






Danone decides on Mead Johnson as takeover target - sources

Fri, 17/10/2014 - 19:52
PARIS (Reuters) - French food giant Danone , maker of Activia yoghurt and Evian water, has decided it wants to pursue a takeover of U.S. infant formula maker Mead Johnson Nutrition Group , sources familiar with the matter told Reuters.






Ireland eyes 15-year bond to refinance bailout loans - sources

Fri, 17/10/2014 - 19:22
DUBLIN (Reuters) - Ireland's debt agency has told investors it would like to issue 15-year debt to refinance the first portion of bailout loans from the International Monetary Fund, two sources familiar with the matter said on Friday.






Tesco boss says to show impact of accounting error next week - email

Fri, 17/10/2014 - 18:55
LONDON (Reuters) - The new boss of Tesco has told staff he expects to be able to give a "clear and accurate indication" of the impact of a 250 million pound accounting mistake when the grocer reports delayed first-half results next week.






Exclusive: Fresenius, buyout groups eye Danone Medical Nutrition unit - sources

Fri, 17/10/2014 - 18:24
FRANKFURT (Reuters) - German healthcare group Fresenius as well as buyout groups PAI and Permira are exploring an acquisition of the medical nutrition business of Danone after efforts of U.S. drugmaker Hospira to buy the unit failed, people familiar with the matter said.

Ryanair sees plenty more growth within Europe

Fri, 17/10/2014 - 18:08
DUBLIN (Reuters) - Ryanair's bid to become one of the world's biggest airlines will focus on higher-frequency routes and more domestic flights in core European markets rather than venturing further afield, its chief commercial officer said in an interview.






Morgan Stanley profit jumps as trading activity rebounds

Fri, 17/10/2014 - 17:58
(Reuters) - Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market.






Volatile markets deepen anxiety over European bank tests

Fri, 17/10/2014 - 16:48
LONDON (Reuters) - Violent swings on financial markets in the past week have deepened investors' anxiety about what Europe's review of the health of its banks will reveal later this month.






ICAP complains about EU antitrust probe to European Ombudsman

Fri, 17/10/2014 - 16:09
BRUSSELS (Reuters) - ICAP , the world's largest interdealer broker, has complained to the European Ombudsman about European Union regulatory prejudice in a financial benchmark rigging probe last year, following in the footsteps of Credit Agricole .






OECD sees French reforms boosting GDP growth 0.3 percent points per year

Fri, 17/10/2014 - 15:42
PARIS (Reuters) - The OECD prodded France on Friday to step up the pace of its reforms, though it estimated that those already in the pipeline would gradually deliver tangible economic growth gains.






Morgan Stanley profit jumps as trading activity rebounds

Fri, 17/10/2014 - 15:25
(Reuters) - Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market.






U.S. housing recovery rolls on as groundbreaking rises

Fri, 17/10/2014 - 13:58
WASHINGTON (Reuters) - U.S. housing starts and permits rose in September, a signal the market's modest recovery is supporting what appears to be growing strength in the broader economy.






Morgan Stanley profit jumps 87 percent as trading activity rebounds

Fri, 17/10/2014 - 13:37
(Reuters) - Morgan Stanley reported an 87 percent rise in third-quarter earnings on Friday as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market.






GE profit tops estimates as cost cuts drive margins

Fri, 17/10/2014 - 13:34
(Reuters) - General Electric Co reported a slightly higher-than-expected quarterly profit on Friday, as cost cuts that helped boost margins across its industrial businesses offset revenue that fell below analysts' targets.






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