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Updated: 14 hours 3 min ago

Ten Chinese firms look to raise nearly $500 million through IPOs

Mon, 23/11/2015 - 01:31
SHANGHAI (Reuters) - Ten Chinese firms on Monday applied for approval to raise over three billion yuan ($469.96 million) through mainland listings, as regulators restart initial public offerings (IPO) after a near five-month hiatus.

Pfizer set to buy Allergan for more than $150 billion - sources

Sun, 22/11/2015 - 23:55
(Reuters) - Pfizer Inc was due to secure formal board approval on Sunday for its acquisition of Botox maker Allergan Plc for more than $150 billion, creating the world's biggest drug maker, according to people familiar with the matter.

H&M, global union team up to teach labour relations at suppliers

Sun, 22/11/2015 - 20:49
STOCKHOLM (Reuters) - Fashion retailer Hennes & Mauritz said on Tuesday it had agreed with IndustriALL Global Union to jointly train its direct suppliers and their workers in how to improve relations and dialogue between social partners.

Italy launches 3.6 billion euro bank rescue with new fund

Sun, 22/11/2015 - 19:49
ROME (Reuters) - Italy on Sunday launched a new system set up by its central bank to save four small savings banks from failure before stricter rules for winding down lenders come in next year.

Brexit may not impact UK credit rating - Moody's

Sun, 22/11/2015 - 15:22
LONDON (Reuters) - Britain may not face a credit rating downgrade if it votes to leave the European Union in a membership referendum due by the end of 2017, the lead UK analyst at ratings agency Moody's said in an interview with the Sunday Telegraph newspaper.

Venezuelan oil minister says OPEC cannot allow a price war

Sun, 22/11/2015 - 14:49
TEHRAN (Reuters) - OPEC cannot allow an oil price war and must take action to stabilise the crude market soon, Venezuelan oil minister Eulogio del Pino said on Sunday.

Dana Gas says wins UK court ruling for $100 million Kurdistan payment

Sun, 22/11/2015 - 14:10
DUBAI (Reuters) - United Arab Emirates energy firm Dana Gas , one of the largest investors in Iraq's Kurdistan region, on Sunday said the British High Court had ordered the Kurdish regional government to pay Dana's consortium $100 million (66 million pounds) within 14 days.

Airbus to pick buyer for defence electronics by year-end - CEO

Sun, 22/11/2015 - 12:14
FRANKFURT (Reuters) - Airbus aims to pick a buyer for its defence electronics unit by the end of 2015 as part of its plan to dispose of assets with combined revenues of around 2 billion euros (1.40 billion pounds), Chief Executive Tom Enders told a German newspaper.

Spanish economic growth improved from third quarter in October - Economy Minister

Sun, 22/11/2015 - 11:57
MADRID (Reuters) - Spain's economic output picked up in October from the third quarter, when it posted one of the fastest growth rates in the euro zone, Economy Minister Luis de Guindos said in a newspaper interview published on Sunday.

Five years into austerity, Britain prepares for more cuts

Sun, 22/11/2015 - 11:02
LONDON (Reuters) - After laying off nearly half its staff over the last five years, scaling back street cleaning and relying on volunteers to work at some of its libraries, the London borough of Lewisham is getting ready for what could be much more painful spending cuts.

Britain's biggest ever Black Friday may come at a cost

Sun, 22/11/2015 - 08:01
LONDON (Reuters) - Spending in Britain on next week's "Black Friday" discount shopping day looks set to break last year's record despite warnings that retailers would be wise to shun an event imported from the United States.

VW may drop sponsorship of Hannover 96, others - Bild am Sonntag

Sat, 21/11/2015 - 23:04
FRANKFURT (Reuters) - Bundesliga football clubs Hannover 96, Werder Bremen and Schalke 04 as well as second division 1860 Munich are on the list of sponsorships Volkswagen AG is considering dropping to cut costs amid its emissions scandal, German weekly Bild am Sonntag reported.

Pssst, want to play the market? Count the Fed leak weeks -study

Sat, 21/11/2015 - 22:38
BERKELEY, Calif. (Reuters) - U.S. central bankers not only regularly leak secret information about monetary policy, but the leaks are so predictably timed that a savvy investor without access to the leaked information could make money just by buying stocks in certain weeks.

Neptune Orient Lines says in exclusive talks with France's CMA CGM

Sat, 21/11/2015 - 20:50
PARIS (Reuters) - Neptune Orient Lines Ltd said on Saturday it has entered exclusive talks with France's CMA CGM, the world's third-largest container shipping firm, over a potential acquisition of the Singapore-based company.

Monetary policy risks becoming ineffective in low growth world - ECB Coeure

Sat, 21/11/2015 - 20:39
BERKELEY, Calif (Reuters) - Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday.

Euro zone agrees Greece can get next loan tranche, cash for bank recap

Sat, 21/11/2015 - 16:45
BRUSSELS (Reuters) - Greece has done all the reforms in the a first package of measures agreed with euro zone creditors, which paves the way for Athens to get the next tranche of loans, the head of euro zone finance ministers Jeroen Dijsselbloem said on Saturday.

Volkswagen denies German report of sales slump on CO2 confession

Sat, 21/11/2015 - 15:05
FRANKFURT (Reuters) - Volkswagen denied a report on Saturday that its sales have slumped since this month's admission that it had understated the level of carbon dioxide emissions for some cars.

Iran oil minister says does not expect OPEC policy change at Dec. 4 meet

Sat, 21/11/2015 - 14:30
TEHRAN (Reuters) - Iran's oil minister said on Saturday he did not expect OPEC to change its output policy when it meets next month, and had told the exporting group of its own plans to boost production, for which it did not need permission.

Russia ready to fight for oil market share in Europe by offering discounts - source

Sat, 21/11/2015 - 13:35
MOSCOW (Reuters) - Russia will provide further discounts on its Urals crude blend in order to defend its market share on its traditional market, Europe, as other grades have been increasingly been flowing into the region, a government source said.

EU economics commissioner says Paris attacks will not derail recovery

Sat, 21/11/2015 - 12:03
PARIS (Reuters) - EU Economics Commissioner Pierre Moscovici said on Saturday that last week's Islamic State attacks in Paris were unlikely to hamper an economic recovery in France and Europe, as previous attacks in Spain and Britain had not had a lasting impact.