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Updated: 12 hours 42 min ago

UBS launches share-for-share exchange for new holding company

Mon, 29/09/2014 - 10:33
ZURICH (Reuters) - UBS said on Monday it was launching a share-for-share exchange to set up a new holding company, UBS Group AG, part of a restructuring drive to ensure it can be broken up more easily in a crisis.

Euro zone sentiment worsens in Sept, inflation expectations fall

Mon, 29/09/2014 - 10:07
BRUSSELS (Reuters) - Euro zone economic sentiment deteriorated in September to levels last seen in late 2013 and inflation expectations among households and producers alike continued to fall.

Alibaba finance arm, Juneyao airline both get private bank approval

Mon, 29/09/2014 - 10:04
BEIJING/SHANGHAI (Reuters) - Alibaba Group Holding Ltd's finance arm has been given government approval to set up a private bank, China's banking regulator said on Monday, the latest step in the e-commerce company's push into the financial services sector.

Pimco moving away from Bill Gross model, CEO says

Mon, 29/09/2014 - 09:58
(Reuters) - Pimco is moving away from a founder-led model and the $2 trillion (1.23 trillion pounds) asset manager's flagship fund, formerly run by co-founder Bill Gross "does not define Pimco," CEO Doug Hodge said on Sunday.

Airbus seen set to win A350 certification on Tuesday

Mon, 29/09/2014 - 09:55
PARIS (Reuters) - Airbus looks set to win European safety certification for its newest airliner, the A350, on Tuesday, people familiar with the plans said.

China revises second quarter current account surplus to $73.4 billion

Mon, 29/09/2014 - 09:37
BEIJING (Reuters) - China revised its current account surplus for the second quarter to $73.4 billion (45.15 billion pounds) from a preliminary figure of $72.2 billion, the country's foreign exchange regulator showed on Monday.

UK mortgage approvals fall slightly more than expected in August

Mon, 29/09/2014 - 09:34
LONDON, Sept 29 (Reuters) - British mortgage approvals fell slightly more than expected in August, adding to signs that the housing market has cooled markedly over the past few months, according to official data on Monday.

Aberdeen Asset Management reports asset boost and slowing outflows

Mon, 29/09/2014 - 09:19
LONDON (Reuters) - Aberdeen Asset Management was among the top blue-chip gainers on Monday after posting a jump in managed assets, boosted by a stronger investment performance and a slowdown in the pace of outflows.

Air France pilots end strike

Sun, 28/09/2014 - 13:11
PARIS (Reuters) - Air France pilots decided to end to a two-week strike that crippled the French airline, a union official told Reuters on Sunday.

Low-cost? Low chance for Air France and Lufthansa

Sun, 28/09/2014 - 12:46
BERLIN (Reuters) - Venerable old airlines Lufthansa and Air France know the smart money is in the low-cost market –Ryanair raised its forecasts again on Thursday - but powerful labour unions are keeping them from the bounty.

Yahoo-AOL merger proposal: recipe for revival, or stagnation?

Sun, 28/09/2014 - 12:05
(Reuters) - A proposed merger of Internet pioneers AOL Inc and Yahoo Inc could create a nimbler player in Web video, but strong growth, the measure of success in Silicon Valley, would remain elusive.

Microsoft boss Nadella promises cooperation in Chinese antitrust probe

Sun, 28/09/2014 - 11:34
BEIJING (Reuters) - Microsoft Corp chief executive Satya Nadella promised to cooperate fully with Chinese authorities in their antitrust investigation into his company during a meeting with a top regulator in Beijing, the Chinese government said.

While ECB struggles, Fed sees recovery

Sun, 28/09/2014 - 10:33
LONDON (Reuters) - On one side of the Atlantic they're trying to refill the punchbowl. On the other they're getting ready to take it away. This week, investors may get a clearer idea why.

Adidas fights to draw top talent to HQ in sleepy Bavarian town

Sun, 28/09/2014 - 10:27
HERZOGENAURACH Germany (Reuters) - Adidas needs world-class designers, brand experts and technical whizzkids to improve its image against U.S. rival Nike, but persuading them to move to its headquarters in rural Germany is difficult.

Analysis - Europe's German growth locomotive on strike

Sun, 28/09/2014 - 09:42
PARIS (Reuters) - Europe's growth locomotive is on strike.

Japan's SoftBank in talks to buy DreamWorks - source

Sun, 28/09/2014 - 07:54
TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp is in talks to acquire DreamWorks Animation SKG , the Hollywood studio behind the "Shrek" and "Madagascar" movie hits, a person with knowledge of the situation said.

Dubai's Arabtec says plan for $40 billion Egypt housing scheme nearly completed

Sun, 28/09/2014 - 07:29
DUBAI (Reuters) - Dubai construction company Arabtec is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said on Sunday.

German economy minister: 2014 GDP growth could be less than forecast

Sun, 28/09/2014 - 07:28
BERLIN (Reuters) - Germany could grow less in 2014 than the 1.8 percent forecast by the government early this year, Economy Minister Sigmar Gabriel said in an interview published on Sunday, although he added the country was still in good shape compared to euro zone peers.

Clorox warns of safety concerns after Venezuelan takeover of plants

Sun, 28/09/2014 - 01:53
(Reuters) - U.S. cleaning products maker Clorox Co said the Venezuelan government's takeover of two of its plants after the company pulled out of the country raised "grave concerns" about the safety of workers and surrounding communities.

Air France faces more strikes after talks with pilots reach deadlock

Sat, 27/09/2014 - 16:39
PARIS (Reuters) - Talks between Air France and its pilots reached an impasse on Saturday after a union request for a mediator was rejected by both the airline's management and the French government.