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Updated: 20 hours 41 min ago

Payday lender Wonga says acting CEO Weller has quit

Thu, 20/11/2014 - 14:14
LONDON (Reuters) - Britain's biggest payday lender Wonga said on Thursday that acting chief executive Tim Weller stepped down last month, becoming the third person to leave the job in the past twelve months.

Opel to build new SUV, invest 500 mln eur in engine production

Thu, 20/11/2014 - 14:03
FRANKFURT (Reuters) - General Motors Chief Executive Mary Barra on Thursday said that the Opel brand will build a sports utility vehicle at its factory in Ruesselsheim, Germany, and that the European auto maker will invest 500 million euros (399 million pounds) in engine production.

U.S. jobless claims fall; continuing claims lowest since 2000

Thu, 20/11/2014 - 13:41
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell less than expected last week, but continued to point to strengthening

U.S. managed assets with socially responsible criteria rise - report

Thu, 20/11/2014 - 13:36
NEW YORK (Reuters) - The share of U.S. managed assets invested with environmental, social or similar criteria rose 50 percent over the past two years, a foundation that tracks the field said, because of new disclosure standards and client concern about areas like climate change.

Bank of England policymaker says banks' boards must take more responsibility

Thu, 20/11/2014 - 13:16
LONDON (Reuters) - Bank boards must have a collective understanding of how much capital the bank needs and the way staff are paid rather than delegate all key decisions to committees, a Bank of England policymaker said on Thursday.

Azeri BP-operated oil, gas output in January-September near 2013 level

Thu, 20/11/2014 - 13:01
TBILISI (Reuters) - Oil output from BP -led oilfields in Azerbaijan between January and September were down slightly from a year earlier, BP-Azerbaijan said on Thursday, driving a fall in the country's total oil production.

BMW CEO to join Siemens supervisory board - Manager Magazin

Thu, 20/11/2014 - 12:56
FRANKFURT (Reuters) - BMW Chief Executive Norbert Reithofer will be nominated to join the supervisory board of German engineering company Siemens , German monthly Manager Magazin said on Thursday, without citing sources.

UK retail sales rebound, set to counter growth slowdown

Thu, 20/11/2014 - 12:48
LONDON (Reuters) - British retail sales jumped in October, suggesting that shoppers will take the edge off an end-of-year economic slowdown as Europe's weak growth takes its toll on Britain's factories.

Special Report - Plant with troubled past at centre of Takata air bag probe

Thu, 20/11/2014 - 12:46
CIUDAD FRONTERA Mexico/DETROIT (Reuters) - The dusty, industrial town of Ciudad Frontera, Mexico, has moved from the far reaches of the global auto supply chain to the front lines of an investigation into why air bags from Takata Corp are blowing up with lethal force in accidents.

Ethiopian Airlines eyes African aviation liberalisation in 2015

Thu, 20/11/2014 - 12:29
ANTWERP Belgium (Reuters) - Ethiopian Airlines hopes a decision to open up intra-African aviation routes will be fully implemented in 2015, the airline's chief executive said on Thursday.

New rules could drive supermarket chains out of Hungary, lobby says

Wed, 19/11/2014 - 16:57
BUDAPEST (Reuters) - Multi-national supermarkets could be driven out of Hungary, a trade lobby said on Wednesday, after the government raised their inspection costs and threatened to shut them down if they fail to make a profit for two years.

Gradual U.S. housing recovery on track as single-family starts rise

Wed, 19/11/2014 - 16:55
WASHINGTON (Reuters) - Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/2-year high, suggesting the housing market was still on a recovery path.

U.S. SEC enacts rules to protect exchanges, dark pools from glitches

Wed, 19/11/2014 - 16:40
WASHINGTON (Reuters) - U.S. regulators adopted a new rule Wednesday that requires stock exchanges and some larger trading platforms to take steps to protect against market disruptions such as technology glitches or natural disasters.

Real earnings sink to decade-low but some see pay pick up

Wed, 19/11/2014 - 16:33
LONDON (Reuters) - Workers' real earnings fell to levels not seen in more than a decade in the 12 months to April but there were also signs of above-inflation wage growth for many employees, a broad survey of incomes showed.

Banks line up to finance Onex's bid for SIG

Wed, 19/11/2014 - 16:31
LONDON (Reuters) - Around 10 banks are lining up to provide up to 3 billion euros (2 billion pounds) of leveraged loans and high yield bonds to back Canadian buyout firm Onex Corp’s potential acquisition of Swiss packaging group SIG Combibloc Group, banking sources said on Wednesday.

UK pensions group opposes James Murdoch re-election to BSkyB board

Wed, 19/11/2014 - 16:25
LONDON (Reuters) - A group of UK public sector pensions recommended on Wednesday that its member funds oppose the re-election of James Murdoch, son of media tycoon Rupert Murdoch, to the board of BSkyB in a vote at the company's annual general meeting.

EU insurance watchdog warns on 'undue' investment incentives

Wed, 19/11/2014 - 16:24
FRANKFURT (Reuters) - The EU's top insurance watchdog has warned against giving insurers strong enticements to invest in particular asset classes, saying this would run counter to prudent supervision.

Telecom Italia has sent expression of interest for Metroweb stake - sources

Wed, 19/11/2014 - 16:15
MILAN (Reuters) - Telecom Italia has sent an expression of interest for a controlling stake in Italian fibre optic provider Metroweb to expand its investments in faster networks, two sources close to the matter said on Wednesday.

Philip Morris to launch Marlboro HeatSticks system in Milan

Wed, 19/11/2014 - 16:08
LONDON (Reuters) - Philip Morris International Inc , the world's largest tobacco company, plans to launch its new iQOS smokeless device and Marlboro HeatSticks in Milan, Italy on Thursday following a launch in Nagoya, Japan earlier this month.

Icelandic bank ex-CEO sentenced to jail over manipulation pre - 2008 crisis

Wed, 19/11/2014 - 16:03
REYKJAVIK (Reuters) - The former chief executive of Landsbanki, one of three banks that racked up $75 billion (48 billion pounds) in debt before collapsing and crashing the economy in 2008, was sentenced to one year in jail on Wednesday for market manipulation.