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Updated: 17 hours 49 min ago

UTV Media gets first-half revenue kick from World Cup

Tue, 26/08/2014 - 08:14
(Reuters) - Northern Irish radio and television broadcaster UTV Media Plc reported a 13 percent rise in first-half revenue as its radio stations drew in fans for the 2014 FIFA World Cup.

AT&T's DirecTV bid nearing approval - NY Post

Tue, 26/08/2014 - 07:59
(Reuters) - AT&T Inc has reached a tentative deal with antitrust regulators to pave the way for it to buy DirecTV, the New York Post reported, citing unspecified sources.

Dutch engineer Imtech sells ICT division to Vinci

Tue, 26/08/2014 - 07:52
AMSTERDAM (Reuters) - Dutch engineering services group Royal Imtech has agreed to sell its information technology division to French construction firm Vinci for 255 million euros (203.22 million pounds) to reduce debt levels, it said on Tuesday.

Indian court's coal block ruling may have wider economic impact

Tue, 26/08/2014 - 07:44
MUMBAI (Reuters) - A mass cancellation of Indian coal blocks awarded since 1993 could cost the country up to $3 billion(1.81 billion British pound) in additional imports and hurt financial firms that have lent to the sector, broking firms said on Tuesday.

Asian shares firm, euro wilts as ECB seen on cusp of QE

Tue, 26/08/2014 - 07:09
TOKYO (Reuters) - Asian shares held firm while the euro hit one-year lows on Tuesday as investors increasingly expect the European Central Bank to expand liquidity as soon as next week to boost the sagging euro zone economy.

Millionaire investors catch Australia's high-yield express

Tue, 26/08/2014 - 06:50
SYDNEY (Reuters) - Australia's embryonic high-yield bond business is growing fast thanks to burgeoning demand from yield-starved wealthy individuals - a trend that may be loosening up the nation's conservative debt market.

Indian economy likely grew faster in April-June quarter - Reuters Poll

Tue, 26/08/2014 - 06:43
BANGALORE (Reuters) - India's economy likely grew at its fastest in two years between April and June, according to a Reuters poll, as improved sentiment after Narendra Modi's election victory in the middle of the quarter coincided with a rebound in investment, manufacturing and construction.

Australian clothes retailers focus on costs, brands as profits fall

Tue, 26/08/2014 - 05:20
SYDNEY (Reuters) - Australian retailers Pacific Brands Ltd and Specialty Fashion Group Ltd on Tuesday said they would focus on growing core brands as they look to capitalise on rising sales with improving consumer sentiment.

Amazon snaps up live video startup Twitch for $970 million

Tue, 26/08/2014 - 05:11
SAN FRANCISCO (Reuters) - Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million (585.46 million pounds) in cash, reflecting Chief Executive Officer Jeff Bezos' resolve to transform Amazon into an Internet destination beyond its core retail operations.

Fund managers look to make room for Alibaba

Tue, 26/08/2014 - 05:04
SAN FRANCISCO/NEW YORK (Reuters) - Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month - and that means some less attractive stocks that funds are holding might be shown the door.

Sony says PlayStation network back online, user information safe after attack

Mon, 25/08/2014 - 09:52
SAN FRANCISCO/TOKYO (Reuters) - Sony Corp's PlayStation Network was back online on Monday following a cyber attack that took it down over the weekend, which coincided with a bomb scare on a commercial flight carrying a top Sony executive in the United States.

German business morale sours for fourth straight month in August

Mon, 25/08/2014 - 09:51
BERLIN (Reuters) - German business sentiment dropped for a fourth straight month in August, suggesting concerns about the Ukraine crisis and the impact of sanctions against Russia are sweeping through corporate boardrooms in Europe's largest economy.

Roche to buy U.S. biotech firm InterMune for $8.3 billion

Mon, 25/08/2014 - 09:50
LONDON/ZURICH (Reuters) - Roche Holding AG has agreed to buy U.S. biotech company InterMune Inc for $8.3 billion (5.01 billion British pound) in cash, helping the world's leading maker of cancer drugs expand into the treatment of rare or incurable diseases.

Lufthansa shares down as strike threat weighs

Mon, 25/08/2014 - 09:15
BERLIN (Reuters) - Shares in Lufthansa , Europe's largest airline by revenue, came under pressure on Monday after the pilots' union said strike action could be imminent after pay talks failed.

Russian economy minister calls for looser fiscal policy

Mon, 25/08/2014 - 08:50
MOSCOW (Reuters) - A fiscal rule that prevents Russia from raising government spending reflects "old realities" and should be relaxed, Russian economy minister Alexei Ulyukayev said in a newspaper article published on Monday.

Taiwan's Wei family to buy cable TV operator CNS for $2.4 billion -sources

Mon, 25/08/2014 - 08:04
HONG KONG/TAIPEI (Reuters) - Taiwan's Wei family has agreed to buy majority control of China Network Systems (CNS), the island's biggest cable TV operator, for about $2.4 billion (1.44 billion pounds) including debt from private equity firm MBK Partners, sources with direct knowledge of the matter said.

Dollar in demand as stimulus talk dogs euro, yen

Mon, 25/08/2014 - 07:10
SYDNEY (Reuters) - The dollar marched higher against the euro and yen on Monday as investors wagered that interest rates were set on a diverging course in the United States, Europe and Japan, giving a lift to Tokyo stocks in the process.

Heinz recall brings food tracking issue to the fore in China

Mon, 25/08/2014 - 06:04
SHANGHAI (Reuters) - The entanglement of H.J. Heinz Co. in China's latest food scare highlights a key concern for international and local firms - how to keep track of ingredients from diverse sources in a country where food supply tracing technologies are far from the norm.

Europe fears deflation as Ukraine stays centre-stage

Mon, 25/08/2014 - 04:58
ROME (Reuters) - The euro zone's growing fears of deflation will be stirred again on Friday when preliminary consumer price data for August is issued, with signs the European Central Bank could be looking at bolder steps to help the region's stagnant economy.

China sets up $3.3 billion aviation investment fund-report

Mon, 25/08/2014 - 04:45
BEIJING (Reuters) - China has set up a 20 billion yuan (2 billion pound) investment fund to help bolster its fast-growing civil aviation industry, local media said on Monday.