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Ex-Barclays boss Diamond says ready to grab banking bargains

Wed, 26/11/2014 - 17:45
LONDON (Reuters) - Former Barclays Plc boss Bob Diamond said he intends to snap up banking assets to take advantage of the best opportunities in the industry for decades, as banks shrink and valuations remain depressed.

ECB may decide on sovereign bond buys in first-quarter, says Constancio

Wed, 26/11/2014 - 17:44
LONDON (Reuters) - The European Central Bank might decide as early as the first quarter of next year whether to begin buying sovereign bonds, the bank's vice president said on Wednesday.

Juncker unveils investment plan to kick-start EU growth

Wed, 26/11/2014 - 17:42
STRASBOURG, France (Reuters) - The European Commission presented a plan on Wednesday for some 300 billion euros (238 billion pounds) of largely private new investment in the European Union, saying it was time to kick-start growth without adding to public debt.

Net-a-porter founder could bag more than 100 million euros in 2015

Wed, 26/11/2014 - 17:39
PARIS (Reuters) - Net-a-porter founder Natalie Massenet stands to make more than 100 million euros (79 million pounds) next year under a deal with the online fashion retailer's owner Richemont, according to calculations based on company documents and analyst valuations.

U.S. regulator orders national Takata driver-side air bag recall

Wed, 26/11/2014 - 17:23
DETROIT (Reuters) - The U.S. National Highway Traffic Safety Administration on Wednesday ordered air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States.

FTSE ends flat, mining shares advance

Wed, 26/11/2014 - 17:10
LONDON (Reuters) - FTSE closed flat on Wednesday, erasing early gains, with weaker travel and leisure stocks offsetting a rebound in miners and strength in telecoms.

Quindell says ex-chairman Terry misses margin call

Wed, 26/11/2014 - 17:09
(Reuters) - Quindell Plc said former Chairman Robert Terry had forfeited his right to repurchase shares of the company after missing a margin call on a loan agreement with securities-based lender Equities First Holdings LLC (EFH).

Italian eyewear group Safilo extends Jimmy Choo licence

Wed, 26/11/2014 - 16:59
MILAN (Reuters) - Italian eyewear maker Safilo Group has extended a licensing accord to manufacture and distribute Jimmy Choo-branded spectacles to Dec. 31, 2018.

Saudi, UAE signal no push for OPEC oil cut

Wed, 26/11/2014 - 16:54
VIENNA (Reuters) - OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have sunk by a third since June.

Chances ECB buys government bonds still 50-50 - Reuters Poll

Wed, 26/11/2014 - 16:54
(Reuters) - There is still only an even chance the European Central Bank will buy government bonds, according to a Reuters poll of economists taken after ECB President Mario Draghi warned last week of the need to bring inflation back to target "without delay."

Ferrari spin-off to cut Fiat Chrysler debt by 715 million euros - filing

Wed, 26/11/2014 - 16:47
MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) expects its net industrial debt to drop by about 715 million euros (566 million pounds) thanks to a planned Ferrari spin-off, a regulatory filing showed on Wednesday.

EU regulators approve Airbus, Safran space launch joint venture

Wed, 26/11/2014 - 16:38
BRUSSELS (Reuters) - European Union antitrust regulators cleared on Wednesday a proposed joint venture by Airbus Group and Safran aimed at strengthening Europe's competitiveness vis-a-vis U.S. low-cost rival SpaceX.

Switzerland's bank staff shun aid fund for U.S. tax case

Wed, 26/11/2014 - 16:30
ZURICH (Reuters) - Only a handful of staff at Swiss banks have drawn on a $2.6 million (2 million pound) fund set up to help bankers and other employees who have fallen on hard times because of a U.S. crackdown on tax evasion through hidden offshore accounts.

Ryanair undecided if will back Aer Lingus pension deal

Wed, 26/11/2014 - 16:26
DUBLIN (Reuters) - Aer Lingus' largest shareholder, rival Irish airline Ryanair, has yet to decide whether to back a deal to end a long-running pension dispute that is seen as key to the airline's valuation.

Thomas Cook hit by shock CEO departure, slowing growth

Wed, 26/11/2014 - 16:24
LONDON (Reuters) - British holiday company Thomas Cook defended its decision to replace Chief Executive Harriet Green on Wednesday after the abrupt departure of the woman credited with reviving the business hammered its shares.

Chrysler recall delay hikes air bag risk - U.S. regulator

Wed, 26/11/2014 - 16:09
DETROIT (Reuters) - Chrysler Group LLC must expand its regional recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said.

U.S. consumer, business spending data point to slowing growth

Wed, 26/11/2014 - 16:06
WASHINGTON (Reuters) - U.S. consumer spending rose modestly in October and a key measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.

HSBC moves German M&A unit to Duesseldorf

Wed, 26/11/2014 - 15:58
FRANKFURT (Reuters) - HSBC has moved its investment bankers working on mergers and acquisitions in Germany to Duesseldorf from Frankfurt, a bank spokesman said on Wednesday.

India advised against challenging Vodafone tax ruling - source

Wed, 26/11/2014 - 15:56
MUMBAI (Reuters) - India's attorney general has recommended the government refrain from appealing a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, a person directly involved in the matter said.

EU watchdogs to apply 'right to be forgotten' rule on Web worldwide

Wed, 26/11/2014 - 15:47
BRUSSELS (Reuters) - European privacy regulators want Internet search engines such as Google and Microsoft's Bing to scrub results globally, not just in Europe, when people invoke their "right to be forgotten" as ruled by an EU court.