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Spain's September registered jobless rises 0.45 percent from August

Thu, 02/10/2014 - 08:38
MADRID (Reuters) - The number of registered jobless in Spain rose 0.45 percent in September from August, the second monthly increase in a row after six months of declines, data from the Labour Ministry showed on Thursday.

German September car sales up more than 5 percent - source

Thu, 02/10/2014 - 08:34
HAMBURG (Reuters) - Sales of new cars in Germany, Europe's biggest auto market, rose by more than 5 percent in September, rebounding after a slight decline in August, an industry source familiar with the matter told Reuters on Thursday.

Risks to 'Abenomics' growing, whether Japan PM raises tax or not

Thu, 02/10/2014 - 08:20
TOKYO (Reuters) - If history is a guide, a string of disappointing economic reports in Japan would seem to argue against raising the country’s sales tax again. But the risks for "Abenomics" are increasing whatever Prime Minister Shinzo Abe decides to do.

Philips Electronics loses $467 million patent verdict to Masimo

Thu, 02/10/2014 - 07:59
(Reuters) - A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million (288.47 million pounds) to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates.

Japan household mood worsens in challenge to Abenomics - BOJ survey

Thu, 02/10/2014 - 07:57
TOKYO (Reuters) - More Japanese felt they were worse off than three months ago as the cost of living rose and earnings fell, a central bank survey showed, casting doubt on premier Shinzo Abe's growth revival strategy as the economy sputters under the weight of a sales tax hike.

Cameron's UK tax cut pledges to cost 7.2 billion pounds by 2020 - party

Wed, 01/10/2014 - 13:31
BIRMINGHAM England (Reuters) - British Prime Minister David Cameron's plans for income tax cuts, if his Conservative Party wins next May's national election, would cost 7.2 billion pounds a year by 2020, the Conservative Party said.

France defies EU partners with 'no austerity' budget

Wed, 01/10/2014 - 13:18
PARIS (Reuters) - France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.

Strike-scarred Air France-KLM may need strategy rethink

Wed, 01/10/2014 - 13:13
PARIS (Reuters) - (This version of the story has been corrected to change cost comparisons in paragraphs seven and eight to euro cents, and not euros)

Bank of England eases curb on risky mortgages as house market cools

Wed, 01/10/2014 - 12:58
LONDON (Reuters) - The Bank of England has eased a curb on risky mortgages that are large relative to a borrower's income, amid signs that Britain's housing market has begun to cool.

Japan's Amari warns excessive yen moves undesirable for economy

Wed, 01/10/2014 - 12:54
TOKYO (Reuters) - Japanese Economics Minister Akira Amari on Wednesday warned that excessive yen moves were undesirable for the economy, after the currency hit a six-year low against the dollar.

Liechtenstein prosecutor confirms Corpbank owner under investigation

Wed, 01/10/2014 - 12:47
ZURICH (Reuters) - Liechtenstein authorities have confirmed that they are investigating the businessman at the centre of the crisis that has engulfed Bulgaria's fourth-biggest bank, citing suspicions of money laundering.

Special report: In foreign hands, British automakers overtake France

Wed, 01/10/2014 - 12:45
LONDON/PARIS (Reuters) - When Britain lost its last native car company 20 years ago, it was lamented across the political spectrum as a national catastrophe.

SocGen says 'nothing to expect' soon on U.S. sanctions probe

Wed, 01/10/2014 - 12:36
PARIS (Reuters) - Societe Generale said it plans to finish an internal investigation into dollar transfers made on behalf of entities based in countries subject to U.S. sanctions, linked to talks with the U.S. Office of Foreign Assets Control, by the end of next year.

Thailand approves $11 billion measures to lift economic growth

Wed, 01/10/2014 - 12:10
BANGKOK (Reuters) - Thailand's military government approved plans for stimulus measures worth a combined 364 billion baht (6.92 billion pounds) on Wednesday in a bid to revive an economy laid low by months of political unrest.

Waning demand hits factory activity across Asia and Europe

Wed, 01/10/2014 - 12:05
BANGALORE/SYDNEY (Reuters) - Dwindling demand cut factory activity across much of Asia and Europe in September, sending it to multi-month lows and raising the chances that global growth will slow in the months ahead.

Commerzbank to cut 60-70 fixed income, currency jobs - sources

Wed, 01/10/2014 - 12:01
FRANKFURT (Reuters) - Germany's second biggest lender Commerzbank is cutting 60 to 70 jobs in its fixed income and currencies (FIC) division in Frankfurt as it adjusts to declining demand, several sources familiar with the matter said on Wednesday.

Ackman's Pershing Square raises $3 bln in fund listing

Wed, 01/10/2014 - 11:48
LONDON (Reuters) - Pershing Square Holdings, a fund managed by activist investor Bill Ackman, raised $3.07 billion (1.90 billion pounds) ahead of a stock market listing in Amsterdam, the company said on Wednesday.

UK events organiser UBM to buy Advanstar for $972 million

Wed, 01/10/2014 - 11:46
(Reuters) - Communications and events company UBM Plc said it would buy trade show organiser Advanstar Communications for $972 million (600.11 million pounds), becoming the top events organiser by revenue in the United States, but its shares fell on concern it had overpaid.

Lacklustre factory data hits world stocks, dollar strong

Wed, 01/10/2014 - 11:41
LONDON (Reuters) - Stocks worldwide began the fourth quarter on a negative note on Wednesday, as lacklustre economic data and civil unrest in Hong Kong kept investors cautious before a European Central Bank meeting later this week.

BOJ to weigh taking bleaker view on Japan output - sources

Wed, 01/10/2014 - 11:39
TOKYO (Reuters) - The Bank of Japan is likely to offer a bleaker view on factory output at its rate review next week, people familiar with its thinking said, on growing signs that the pain from a sales tax hike in April is denting a fragile economic recovery.