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Updated: 15 hours 19 min ago

Greece mixes defiance, compromise as lending deal slips away

Fri, 17/04/2015 - 07:48
WASHINGTON (Reuters) - Greece on Thursday sounded a mix of defiance and willingness to compromise with its international creditors on reforms required to unlock more loans, as it faces running out of money ahead of debt repayments next month.

Japan, U.S. seek to seal free trade deal before summit

Fri, 17/04/2015 - 07:38
TOKYO (Reuters) - Japan sought on Friday to hold bilateral ministerial trade talks with the United States as the allies race to seal a bilateral trade deal, seen as crucial for a broader trans-Pacific free trade pact, ahead of a summit later this month.

Alliance Trust asks shareholders 'who do you trust to run your company?'

Fri, 17/04/2015 - 07:36
LONDON (Reuters) - Alliance Trust Chairwoman Karin Forseke sought to rally support in a fight to derail Elliott Advisors' plan to overhaul her board on Friday, asking investors to consider who they "trust" to run the 126-year old firm.

Nestle first-quarter sales up more than expected

Fri, 17/04/2015 - 07:08
LONDON (Reuters) - Nestle , the world's leading packaged food maker, reported on Friday a slightly better-than-expected first-quarter sales, helped by gains in volume and prices.

ECB's efforts working, governments must play their role - Praet

Fri, 17/04/2015 - 06:49
WASHINGTON (Reuters) - The European Central Bank's money-printing and negative interest rates are pushing up inflation, but now governments that can must invest to improve their economies, one of the ECB's top policymakers said on Thursday.

Lafarge, Holcim detail U.S. disposals ahead of merger

Fri, 17/04/2015 - 06:35
PARIS (Reuters) - Lafarge and Holcim gave details on Friday of asset disposals in the United States that they propose as part of their planned merger, due to close in July.

Insight - U.S. companies use more of their bank credit lines in sign of confidence

Fri, 17/04/2015 - 06:16
NEW YORK (Reuters) - U.S. banks are reporting that companies are tapping more of their credit lines to fund hiring and expand their businesses, a promising sign for the economy.

With SUVs, Chinese carmakers at last unsettle foreign brands

Fri, 17/04/2015 - 04:09
BEIJING (Reuters) - Two years ago, just one Chinese SUV ranked among the country's top-10. In the first three months of this year, that number jumped to eight - a sign that Chinese automakers may have found their sweet-spot to battle foreign rivals in the world's biggest car market.

World Bank should join China-led bank in syndicated loans - Japan

Fri, 17/04/2015 - 03:41
WASHINGTON (Reuters) - The United States and Japan want the World Bank and Asian Development Bank (ADB) to team up with a new Chinese-led development bank in syndicated loans, as a way of helping the new lender establish strong standards, Japan's finance minister said.

Exclusive - Greek PM Tsipras confident of EU deal despite friction over reforms

Fri, 17/04/2015 - 03:21
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras told Reuters on Thursday he was "firmly optimistic" his government would reach an agreement with its creditors by the end of April despite friction over issues such as pension and labour reform.

AmEx revenue misses on strong dollar, loss of co-branded tie-ups

Fri, 17/04/2015 - 00:43
(Reuters) - American Express Co , the world's largest credit card issuer, reported quarterly revenue that fell short of analysts' estimates, hurt by a stronger dollar and the loss of several co-branded tie-ups.

Ex-IMF head Rato in preliminary corruption probe

Fri, 17/04/2015 - 00:22
MADRID (Reuters) - The home and office of former International Monetary Fund chief Rodrigo Rato were searched on Thursday as part of a tax and money laundering investigation into his personal wealth, Spanish judicial officials said.

IMF's Lagarde says Greece should not delay payments

Fri, 17/04/2015 - 00:05
WASHINGTON (Reuters) - The head of the International Monetary Fund on Thursday signalled that the IMF would not agree to let Greece delay a scheduled bailout payment, saying the Fund needed to protect its sterling reputation as a global lender.

Russia says AIIB complement to BRICS bank, not replacement

Thu, 16/04/2015 - 23:50
WASHINGTON (Reuters) - The Asian Infrastructure Investment Bank will not replace the development bank for the BRICS bloc of large emerging economies, Russia's central bank governor said on Thursday, following a meeting of the bank's representatives.

Goldman reports highest profit in five years as trading picks up

Thu, 16/04/2015 - 23:39
(Reuters) - Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets fluctuated during the first three months of the year.

Boeing sees F/A-18 Middle East export decision soon

Thu, 16/04/2015 - 23:33
BRUSSELS (Reuters) - Boeing Co expects a decision from a Middle East nation on whether to buy its F/A-18 fighter jet within months, the programme's top international sales executive said on Thursday.

London taxi operator Addison Lee buys rival Cyclone VIP Cars & Couriers

Thu, 16/04/2015 - 22:51
(Reuters) - Carlyle Group LP-owned London taxi operator Addison Lee said it has bought rival Cyclone VIP Cars & Couriers.

Brent crude hits 2015 highs as U.S. production slows

Thu, 16/04/2015 - 08:06
SINGAPORE (Reuters) - Brent crude oil hit 2015 highs above $63 per barrel on Thursday after a rally of more than 5 percent the previous session, and analysts said more price rises were likely despite market oversupply.

S.Africa's Brait offers $1 billion for 80 percent of Virgin Active

Thu, 16/04/2015 - 08:03
(Reuters) - South Africa's Brait SE has offered $1 billion for a controlling stake in fitness chain Virgin Active, it said on Tuesday, seeking to tap the growing health-conscious middle class market in Africa and Asia.

Unilever first-quarter sales better than expected

Thu, 16/04/2015 - 07:54
LONDON (Reuters) - Unilever reported better than expected sales for the first quarter on Thursday, showing improvement from the hammering it took last year from weak emerging markets including a slowdown in China.