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Updated: 4 hours 14 min ago

Exclusive - Swisscom weighs $6.3 billion Fastweb sale as Vodafone lurks: sources

Wed, 08/10/2014 - 06:36
LONDON (Reuters) - Telecom operator Swisscom is considering a possible sale of its Italian broadband firm Fastweb, which is worth up to 5 billion euros (3.94 billion pounds) and has been a target for Vodafone, sources familiar with the situation said.

Novartis says expects three executive committee members to leave

Wed, 08/10/2014 - 06:34
ZURICH (Reuters) - Swiss drugmaker Novartis AG said on Wednesday three members of its executive committee would leave the company following the completion of transactions with GlaxoSmithKline (GSK) and Eli Lilly expected in the first half of 2015.

Philippine Airlines says considering delaying delivery of Airbus orders

Wed, 08/10/2014 - 06:08
MANILA (Reuters) - Philippine Airlines (PAL) said late on Tuesday it is considering delaying delivery of Airbus planes it has on order as it reviews operations after Filipino billionaire tycoon Lucio Tan resumed management control of the carrier last month.

The Big Data bounty - U.S. startups challenge agribusiness giants

Wed, 08/10/2014 - 06:04
MAPLE PARK Ill. (Reuters) - Chris Gould's combine cab is loaded like the cockpit of a fighter jet he used to fly as he harvests soybeans in northern Illinois, steered by satellites, four video screens glowing with up to minute updates about his crop and the work's progress.

German August industry output plunges most in five and half years

Tue, 07/10/2014 - 14:08
BERLIN (Reuters) - German industrial output plunged in August at its steepest rate since the height of the financial crisis and the International Monetary Fund cut its German growth forecast, raising further concern that Europe's largest economy is running out of steam.

Bruised Rio Tinto rebuffs Glencore takeover approach

Tue, 07/10/2014 - 13:58
MELBOURNE/LONDON, Oct 7 (Reuters) - Rio Tinto RIO.AX has rejected a takeover approach from smaller rival Glencore Plc GLEN.L, snubbing a blockbuster deal that would have created a $160 billion (99.47 billion pounds) mining and commodities trading giant.

Lufthansa Cargo to operate full schedule despite strike

Tue, 07/10/2014 - 13:44
BERLIN (Reuters) - Lufthansa Cargo said on Tuesday it will operate all flights on Wednesday and Thursday, despite a planned strike by pilots.

Rabobank suspends 2 FX traders in London - Bloomberg

Tue, 07/10/2014 - 13:23
LONDON (Reuters) - Dutch lender Rabobank has suspended two foreign exchange traders in London following an internal investigation into the bank's currency trading practices, Bloomberg News reported on Tuesday.

ECB quietly pins its hopes on falling euro

Tue, 07/10/2014 - 13:16
FRANKFURT (Reuters) - Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is hoping that help will come from something it cannot control: the value of the euro.

Two directors of HSBC's UK bank to quit over new rules - source

Tue, 07/10/2014 - 13:14
LONDON (Reuters) - Two directors of HSBC Holdings Plc's British business are set to leave the bank because they are unhappy with new rules that can result in jail sentences for senior bankers, a source familiar with the matter said.

Prosecution case rejected in Airbus insider trading case

Tue, 07/10/2014 - 13:07
PARIS (Reuters) - Prosecutors in the Airbus insider trading case suffered another setback on Tuesday when a Paris court rejected the prosecution dossier, a move which could delay one of France's most keenly awaited corporate trials by up to two years.

UK fund manager Woodford dumps Reckitt Benckiser shares

Tue, 07/10/2014 - 13:05
LONDON (Reuters) - Woodford Investment Management, the fund firm run by one of Britain's most high-profile fund managers, Neil Woodford, said on Tuesday it had sold its Reckitt Benckiser shares on valuation grounds.

Greece denies reports that EU/IMF visit was interrupted abruptly

Tue, 07/10/2014 - 12:59
ATHENS (Reuters) - Greek Finance Minister Gikas Hardouvelis denied reports on Tuesday that inspectors from the country's EU/IMF lenders had interrupted their bailout review in Athens over a disagreement with Greek officials.

Weaker airlines and poor data hit FTSE; Rio jumps on M&A talk

Tue, 07/10/2014 - 12:19
LONDON (Reuters) - A merger approach to global diversified miner Rio Tinto boosted the UK mining sector on Tuesday and resulted in the FTSE 100 to fall less than its major European peers.

EU watchdog investigates Amazon's Luxembourg tax deals

Tue, 07/10/2014 - 12:07
BRUSSELS (Reuters) - Online retailer Amazon's tax arrangements with Luxembourg are being investigated by European regulators, becoming the latest global company accused of cutting deals with member states to gain an effective subsidy.

Japan's Murata unconcerned about reliance on Apple for sales - CEO

Tue, 07/10/2014 - 11:57
CHIBA (Reuters) - Murata Manufacturing Co Ltd's chief executive said rising demand for electronic components from Chinese smartphone makers could buffer any future fall in sales from its two largest customers, known to be Apple Inc and Samsung Electronics Co Ltd.

Britain wins first guilty plea in rate rigging probe

Tue, 07/10/2014 - 11:18
LONDON (Reuters) - A senior banker at a leading British bank has pleaded guilty to conspiracy to defraud in connection with the manipulation of Libor benchmark interest rates, becoming the first person in Britain to plead guilty to such an offence.

U.S., UK regulators want quick Deutsche Bank Libor settlement - reports

Tue, 07/10/2014 - 09:53
(Reuters) - U.S. and UK regulators are pushing to settle the Deutsche Bank AG Libor case quickly and hope to extract major penalties, although a conclusion is unlikely before 2015, The Wall Street Journal reported, citing unidentified sources.

Mercedes-Benz sales up 14 percent in September on China, U.S. demand

Tue, 07/10/2014 - 09:48
BERLIN (Reuters) - Daimler's Mercedes-Benz division posted double-digit growth in car sales in September, helped by strong demand in China and the United States.

UK factory output growth slows in August, auto shutdowns weigh

Tue, 07/10/2014 - 09:43
LONDON (Reuters) - British manufacturing growth slowed in August in month-on-month terms, official data showed on Tuesday, adding to signs of a cooling in the country's economic recovery.