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Updated: 23 hours 9 min ago

Daimler and Qualcomm to develop in-car tech, wireless charging

Sat, 23/05/2015 - 20:25
FRANKFURT (Reuters) - Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables.

Renault in Turkey offers concessions to striking workers

Sat, 23/05/2015 - 20:01
ANKARA (Reuters) - The Turkish arm of French carmaker Renault on Saturday offered concessions including future salary adjustments and a cash lump sum to striking workers if they return to work.

ECB's Draghi urges euro zone to unite for economic reform

Sat, 23/05/2015 - 16:12
ROME (Reuters) - European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat.

No Pacific trade deal meeting until U.S. fast-track passes - Chile

Sat, 23/05/2015 - 13:35
BORACAY, Philippines (Reuters) - States hoping to set up a free trade zone across the Pacific can not hold a key meeting until both houses of the U.S. Congress pass legislation speeding the passage of the deal, a Chilean minister said, underscoring another major hurdle for the pact.

Germany's Merck expects drug division to drive growth-Euro am Sonntag

Sat, 23/05/2015 - 12:15
FRANKFURT (Reuters) - Germany's Merck KGaA expects sales to grow by around 5 percent in its core operations over coming years, helped by its pipeline of prospective new drugs, its chief executive was quoted saying by weekly Euro am Sonntag.

Bank of England's Haldane says UK rates to rise at some point

Sat, 23/05/2015 - 09:56
LONDON (Reuters) - The Bank of England's chief economist Andy Haldane said on Friday that the central bank would raise interest rates in the future but they would probably not return to levels as high as before the financial crisis.

Bank of England confirms EU exit research after email misfire

Sat, 23/05/2015 - 08:57
LONDON (Reuters) - The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project.

South Korea seeks deeper cooperation with Japan on China-led AIIB

Sat, 23/05/2015 - 08:45
TOKYO (Reuters) - South Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.

BlackBerry cuts jobs worldwide as it consolidates businesses

Sat, 23/05/2015 - 06:26
(Reuters) - Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

U.S. Justice Department finds criminal wrongdoing in GM ignition switch defect - NY Times

Sat, 23/05/2015 - 01:57
WASHINGTON (Reuters) - U.S. Justice Department investigators have identified criminal wrongdoing in General Motors Co's failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record penalty, the New York Times reported on Friday.

Shell CEO backs fossil fuels, climate change warnings - Guardian

Sat, 23/05/2015 - 00:40
(Reuters) - The world’s fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday.

Fed on track to hike rates as economic headwinds wane - Yellen

Fri, 22/05/2015 - 22:35
PROVIDENCE, R.I. (Reuters) - Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned.

Stocks dip, bonds fall as CPI keeps Fed on course

Fri, 22/05/2015 - 21:27
NEW YORK (Reuters) - Global equity markets dipped but remained near record highs on Friday after Federal Reserve Chair Janet Yellen said she expected U.S. interest rates to rise this year, a view that lifted bond yields and was bolstered by rising core consumer prices.

Bank of England's Haldane says UK rates to rise at some point

Fri, 22/05/2015 - 19:06
LONDON (Reuters) - The Bank of England's chief economist Andy Haldane said on Friday that the central bank would raise interest rates in the future but they would probably not return to levels as high as before the financial crisis.

BNP Paribas eyes cost cuts at UK global markets business - source

Fri, 22/05/2015 - 17:17
LONDON (Reuters) - French bank BNP Paribas is reviewing its global markets business in London in an attempt to cut costs and improve its profitability, a person familiar with the matter said on Friday.

BoE official says securitisation not a panacea for EU

Fri, 22/05/2015 - 16:36
LONDON (Reuters) - European Union efforts to revive the market for securitisation after it was tarnished in the financial crisis won't do much to help smaller companies access funding for growth, a senior Bank of England (BoE) official said on Friday.

Denmark wants its Basel exemption if it joins Europe's banking union

Fri, 22/05/2015 - 16:25
COPENHAGEN (Reuters) - Denmark want to keep a tacit exemption that allows its banks to count mortgage-backed bonds as highly liquid assets if it becomes the only country outside the euro zone to join the European Union's banking union.

Exclusive - Altice seeks financing for Time Warner Cable bid: sources

Fri, 22/05/2015 - 16:16
SAN FRANCISCO/LONDON (Reuters) - French telecommunications group Altice SA is talking to several banks about raising debt for a potential bid for Time Warner Cable Inc , the second-largest U.S. cable operator, according to people familiar with the matter.

Three strikes and you're not out - put those Brexit nerves on hold

Fri, 22/05/2015 - 16:07
LONDON (Reuters) - Two-thirds of the way through a trio of political earthquakes that a year ago looked set to shake British business and markets, the best lesson gleaned by financial investors for part three is to hold their nerve.

Shareholder rebuke piles pressure on Deutsche Bank leaders

Fri, 22/05/2015 - 14:30
FRANKFURT (Reuters) - A stinging rebuke for Deutsche Bank's leaders in a shareholder vote piles pressure on co-Chief Executive Anshu Jain to deliver a convincing strategy in a restructure of Germany's biggest lender in two months' time.