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Updated: 20 hours 42 min ago

Stocks likely to drift as investors await Fed, earnings

Sun, 29/03/2015 - 19:06
NEW YORK (Reuters) - Wall Street investors may find little reason to make big moves next week as they await monthly U.S. jobs data and any news that could change expectations for the first interest rate hike in almost a decade.






ABN Amro IPO back in sight after executives concede on pay

Sun, 29/03/2015 - 18:14
AMSTERDAM (Reuters) - The Dutch government will reconsider selling off ABN Amro Finance Minister Jeroen Dijsselbloem said, after senior managers agreed to give up a controversial pay rise that had stalled progress on the bank's proposed share listing.






Analysis - Once-bullish fund managers start to capitulate on oil prices

Sun, 29/03/2015 - 17:21
NEW YORK (Reuters) - Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, including construction company Primoris Services Corp and Eagle Materials Inc, which produces sand used in fracked wells.






Stanchart says committed to Islamic banking after head of unit exits

Sun, 29/03/2015 - 17:06
DUBAI (Reuters) - Standard Chartered remains committed to Islamic banking and expects growth in its core markets, a spokesman for the lender said on Sunday, after the head of its Islamic arm departed.






British Airways says some frequent flyer accounts hacked

Sun, 29/03/2015 - 16:27
LONDON (Reuters) - British Airways said on Sunday tens of thousands of its frequent flyer accounts had been hacked and that it had frozen those affected to sort the problem out.






ECB, Bank of Engalnd reach accord on UK clearers handling euro trades

Sun, 29/03/2015 - 14:24
LONDON/FRANKFURT (Reuters) - The European Central Bank and the Bank of England have reached a deal that strengthens the financial backing of British clearing houses in their handling of euro-denominated securities, ending a long-running legal battle.






ChemChina chairman - Counterbid for Pirelli will hurt investors

Sun, 29/03/2015 - 06:02
BEIJING (Reuters) - The chairman of China National Chemical Corp (ChemChina) warned on Sunday that a counter-bid for Italy's Pirelli will hurt its investors and long-term strategy after his firm agreed to acquire the world's fifth-largest tyre maker.






Dufry to buy Italy's World Duty Free in 2.6 billion pound deal

Sat, 28/03/2015 - 20:54
MILAN (Reuters) - Switzerland's Dufry has agreed to buy a majority stake in World Duty Free in a deal which values the Italian firm at 3.6 billion euros (2.6 billion pounds) and will make the combined group the world's biggest travel retailer.






Vivendi trades barbs with activist investor seeking bigger payout

Sat, 28/03/2015 - 15:40
PARIS (Reuters) - Vivendi has traded blows with activist investor PSAM over the fund's bid for a larger payout from the French media group, with Vivendi warning the fund could be in breach of the law and the fund accusing it of attempting to intimidate it.






More countries say to join China-backed AIIB investment bank

Sat, 28/03/2015 - 14:47
SHANGHAI/RIO DE JANEIRO (Reuters) - Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank (AIIB), adding clout to an institution seen as enhancing China's regional and global influence.






Troika expects Greece to miss primary surplus target this year -Der Spiegel

Sat, 28/03/2015 - 13:46
BERLIN (Reuters) - The three institutions or troika representing Greece's official creditors expect Athens could miss its goal of a primary budget surplus this year, German magazine Der Spiegel reported on Saturday citing a source within the group of lenders.






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