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Updated: 3 hours 26 min ago

ECB's Visco says must be ready to do more for price stability - paper

Sun, 07/09/2014 - 09:41
CERNOBBIO Italy (Reuters) - The European Central Bank should be ready to take further measures to guarantee monetary stability if needed, Ignazio Visco, the governor of the Bank of Italy and a member of the ECB Governing Council said in a newspaper interview on Sunday.

Europe's top industrials target Goldilocks zone

Sun, 07/09/2014 - 09:40
STOCKHOLM (Reuters) - "Good enough" might not make for a marketing slogan, but some of Europe's top engineering companies, which have made their reputation on the quality of their products, are hoping it will make for a profitable strategy.

Swedish business fear return to high-tax past as elections near

Sun, 07/09/2014 - 09:13
STOCKHOLM (Reuters) - For many Swedish businesses and prosperous households, years of falling taxes and reforms that put maids in middle class homes and fed a consumer boom in luxury cars and holidays in Asia may be drawing to a close.

This time's different as Asian markets warm up for Fed rate rises

Sun, 07/09/2014 - 08:42
SINGAPORE (Reuters) - Faced once again with the prospect of rate rises in the United States, investors in Asia are no longer selling and running as in the past, choosing instead to stay in markets like India and South Korea, that are relatively sheltered from global forces.

Stock market hopefuls face harder sell as investors weary of IPO flood

Sun, 07/09/2014 - 08:07
LONDON (Reuters) - European stock market listings are kicking off again after a summer break, but many companies hoping to copy successful flotations earlier in the year now have to convince investors weary from a flood of new names and burned by high prices.

Dubai's dnata says to buy Britain's Stella Travel Services

Sun, 07/09/2014 - 06:45
DUBAI (Reuters) - Dubai’s dnata, part of the Emirates Group which includes the fast-growing Emirates airline [EMIRA.UL], has agreed to buy Britain’s Stella Travel Services pending regulatory approval, it said on Sunday.

GE oil business seeks to outpace market, improve margins

Sun, 07/09/2014 - 06:41
NEW YORK (Reuters) - General Electric Co's fast-growing oil and gas business that supplies equipment and services is improving profit margins and is well-placed to outpace industry growth over the next several years, a top unit executive said in an interview.

UniCredit sticks to 2014 forecast despite economic slowdown

Sat, 06/09/2014 - 16:32
CERNOBBIO Italy (Reuters) - UniCredit , Italy's biggest bank by assets, is sticking to its full-year net profit target of 2 billion euros (1.59 billion pounds) despite a worsening economic outlook for its Italian home base, its chief executive said on Saturday.

Montezemolo says he is committed to Ferrari

Sat, 06/09/2014 - 15:54
MONZA Italy (Reuters) - Ferrari chairman Luca di Montezemolo addressed rumours about his future on Saturday by emphasising his continuing commitment to the Italian luxury sportscar maker and indicating he had no immediate plans to step down.

Telecom Italia says to rethink Argentina sale if approval delayed

Sat, 06/09/2014 - 15:52
CERNOBBIO Italy (Reuters) - Telecom Italia may reconsider the planned sale of its stake in Telecom Argentina to investment fund Fintech if the government in Buenos Aires takes too long to approve the deal, the Italian group's chief executive said on Saturday.

Volkswagen to invest 1 billion euros in Thai plant - Wirtschaftswoche magazine

Sat, 06/09/2014 - 15:48
FRANKFURT (Reuters) - Volkswagen plans to invest 1 billion euros (0.80 billion pounds) to build a new manufacturing plant to produce fuel efficient cars in Thailand, a German magazine said on Saturday.

Italian PM Renzi and JSW's Jindal hold steel investment talks

Sat, 06/09/2014 - 14:46
ROME (Reuters) - Italian Prime Minister Matteo Renzi held talks with JSW Steel Chairman Sajjan Jindal on Saturday, a government official said, as the Indian tycoon weighs investments in the country's Lucchini and Ilva steelmakers.

Enel could sell up to 22 percent of Endesa - CEO

Sat, 06/09/2014 - 13:56
CERNOBBIO Italy (Reuters) - Italy's biggest utility Enel , which is weighing options for its Spanish unit Endesa, could sell a stake of up to 22 percent to boost its free floating capital, Chief Executive Officer Francesco Starace said on Saturday.

Greece sees return to growth in the third quarter

Sat, 06/09/2014 - 09:09
ATHENS (Reuters) - Greece expects its economy to grow in the third quarter, its first quarterly expansion since the start in 2008 of a crippling recession that has wiped out nearly a quarter of GDP, its finance minister said on Saturday.

U.S. job growth brakes to eight-month low, labour force shrinks

Sat, 06/09/2014 - 01:59
WASHINGTON (Reuters) - U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates.

Alibaba seeks to raise more than $21 billion in record U.S. tech IPO

Sat, 06/09/2014 - 01:58
NEW YORK (Reuters) - Alibaba Group Holding Ltd [IPO-BABA.N] seeks to raise more than $21 billion (12.86 billion pound) in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States.

Analysis - BP ruling raises liability stakes for high-risk industries

Sat, 06/09/2014 - 01:06
NEW YORK (Reuters) - A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power generation.

Alibaba seeks to raise more than $21 billion in record U.S. tech IPO

Fri, 05/09/2014 - 23:49
NEW YORK (Reuters) - Alibaba Group Holding Ltd [IPO-BABA.N] seeks to raise more than $21 billion (12.86 billion pound) in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States.

Brazil central bank slows pace of currency swap rollover

Fri, 05/09/2014 - 23:10
SAO PAULO (Reuters) - Brazil's central bank will kick off the rollover of currency swaps that expire early in October on Monday by offering fewer daily contracts than it did last month, a sign it wants to slow a recent strengthening of the real, the bank said in a statement late on Friday.

Argentina says 'many creditors' want to swap into local law debt

Fri, 05/09/2014 - 23:08
BUENOS AIRES (Reuters) - Many investors are interested in swapping global Argentine bonds for paper governed by local law, the government said on Friday, a day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court rulings.