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Updated: 8 hours 11 min ago

Car hacking risk may be broader than Fiat Chrysler - U.S. regulator

Fri, 31/07/2015 - 19:31
WASHINGTON (Reuters) - The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday.

Sky Italia agrees to buy Viacom's MTV Italia

Fri, 31/07/2015 - 18:53
MILAN (Reuters) - European pay TV company Sky has agreed to buy Italy's MTV free-to-air channel from U.S. media group Viacom , a move that could pressure local market leader Mediaset .

Greek PM defends controversial 'Plan B' for euro zone exit

Fri, 31/07/2015 - 17:47
ATHENS (Reuters) - Prime Minister Alexis Tsipras acknowledged on Friday that his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations that he had plotted a return to the drachma.

Greek bourse to reopen with limits

Fri, 31/07/2015 - 17:37
ATHENS (Reuters) - The Greek Stock Exchange will reopen on Monday with trading in all stocks including banking shares and lower volatility limits, a bourse spokeswoman said on Friday.

Western companies look hard at China as growth slows

Fri, 31/07/2015 - 17:01
LONDON (Reuters) - The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts.

FTSE rises for fourth day, Rolls Royce rallies

Fri, 31/07/2015 - 16:58
LONDON (Reuters) - Britain's top equity index gained ground for the fourth day in a row on Friday, lifted by a rise in the shares of engine maker Rolls Royce and cruise ship company Carnival.

Ireland jails first bankers since financial crisis

Fri, 31/07/2015 - 16:55
DUBLIN (Reuters) - An Irish court on Friday sentenced three former employees of Anglo Irish Bank to between 18 and 36 months in prison, the first bankers to be jailed since the country's financial crash.

Deutsche Bank to freeze executive bonuses - source

Fri, 31/07/2015 - 16:42
FRANKFURT (Reuters) - Deutsche Bank is freezing 2015 cash bonuses for its executive board as it examines whether some managers could have done a better job at avoiding problems that led to expensive litigation, a person familiar with the matter said.

New Bank of England policymaker says to fully sever hedge fund links

Fri, 31/07/2015 - 16:26
LONDON (Reuters) - New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all financial links with his previous employer, hedge fund Brevan Howard, to avoid any accusations of a conflict of interest.

U.S. employment data drag down dollar, Treasury yields

Fri, 31/07/2015 - 16:20
NEW YORK (Reuters) - The dollar tumbled and benchmark U.S. Treasury yields touched multi-week lows on Friday as an unexpectedly weak government reading of American labour costs dulled prospects for higher U.S. interest rates.

Tumbling oil prices slam profit at Exxon Mobil, Chevron

Fri, 31/07/2015 - 16:04
(Reuters) - Weak oil prices shrivelled quarterly profit at Exxon Mobil Corp and Chevron Corp , compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude.

U.S. job market set for more than just 'some' attention

Fri, 31/07/2015 - 15:58
LONDON (Reuters) - Now that U.S. Federal Reserve chief Janet Yellen has made it clear she's looking out for "some" improvement in the job market before voting for the first Fed interest rate rise in nearly a decade, so is everyone else.

ArcelorMittal sees Chinese steel demand shrinking this year

Fri, 31/07/2015 - 15:37
BRUSSELS (Reuters) - China's steel demand will shrink this year and lead to a flood of exports, ArcelorMittal said on Friday, highlighting the growth problems facing the world's top consumer and producer of the construction material.

OPEC oil output hits new high in market share push - survey

Fri, 31/07/2015 - 15:16
LONDON (Reuters) - OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices.

Five things to watch on Bank of England's 'Super Thursday'

Fri, 31/07/2015 - 15:14
LONDON (Reuters) - The Bank of England will for the first time release a slew of key reports alongside its monthly monetary policy decision on Thursday, meaning investors and the public will have to contend with a flood of information usually released separately.

Dixons Carphone to sell Phone House Portugal

Fri, 31/07/2015 - 15:08
LONDON (Reuters) - British electricals and mobile phone retailer Dixons Carphone has agreed to sell The Phone House Portugal, further streamlining its business as it focuses on markets where it has a leading position.

If Greek trades in U.S. are any guide, Athens bourse may have rocky re-start

Fri, 31/07/2015 - 15:01
LONDON (Reuters) - U.S.-listed equity instruments tied to Greece have fallen around 20 percent since the Athens stock market was closed in late June, heralding a potentially rough start when it finally re-opens.

Lloyds' profit below hopes after new mis-selling charge

Fri, 31/07/2015 - 14:55
LONDON (Reuters) - Lloyds Banking Group set aside a further 1.4 billion pounds to compensate customers mis-sold loan insurance, pushing its first-half profit below analysts' forecasts.

Irish air leasing firm Avolon considers £1.5 billion takeover bid

Fri, 31/07/2015 - 14:26
DUBLIN (Reuters) - Irish aircraft leasing firm Avolon said on Friday it was considering an unsolicited takeover bid of $31 per share from China's Bohai Leasing Co Ltd , which would value the firm at over $2.5 billion (1.59 billion pounds).

European investors warming to euro assets, still holding cash - Reuters poll

Fri, 31/07/2015 - 14:23
LONDON (Reuters) - European investors, jittery over China's economic health and reverberations of the euro zone crisis, kept cash allocations near three year highs but lifted exposure to European assets as immediate concerns over the Greek crisis subsided.