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Updated: 22 hours 43 min ago

Ex trader Hayes wanted to do job perfectly, Libor trial hears

Tue, 07/07/2015 - 13:23
LONDON (Reuters) - Tom Hayes, the first person to face trial by jury over allegations he conspired to rig global Libor interest rates, told a London court on Tuesday he had not acted dishonestly and just wanted to do a good job.

Horizon Pharma goes hostile with $3 billion offer for Depomed

Tue, 07/07/2015 - 12:56
(Reuters) - Ireland-based Horizon Pharma Plc said it offered to buy Depomed Inc for about $3 billion (2 billion pounds), taking its bid hostile after the smaller drugmaker refused to start talks and rejected the proposal first made in May.

UK proposes tighter rules for financial market traders

Tue, 07/07/2015 - 12:49
LONDON (Reuters) - Traders who take bets on market moves should have to comply with Britain's tougher financial rules on individual accountability, regulators proposed on Tuesday.

Japan's Aeon interested in buying Tesco's Malaysia unit -sources

Tue, 07/07/2015 - 11:50
KUALA LUMPUR (Reuters) - Japan's Aeon Co Ltd is interested in buying the Malaysian operations of Britain's Tesco PLC , valued at about 900 million pounds, people familiar with the matter told Reuters.

UK watchdog to investigate conduct at RSA's Irish arm

Tue, 07/07/2015 - 10:48
LONDON (Reuters) - Britain's accounting watchdog said it would investigate the conduct of individuals who worked for RSA Insurance Ireland in the run-up to its bail-out by British parent RSA .

Setback for Marks & Spencer as clothing sales dip

Tue, 07/07/2015 - 10:17
LONDON (Reuters) - British retailer Marks & Spencer reported a dip in first-quarter underlying sales in its clothing, shoes and homeware business on Tuesday, a setback after a return to growth in the previous three months.

China stocks fall again despite support measures

Tue, 07/07/2015 - 09:49
SHANGHAI (Reuters) - Chinese stocks fell on Tuesday, taking little comfort from a slew of support measures unleashed by Beijing in recent days, and unnerved by Chinese Premier Li Keqiang's failure to mention the market chaos in a statement on the economy.

UK May industrial output jumps on oil boost, but manufacturing weak

Tue, 07/07/2015 - 09:33
LONDON, July 7 (Reuters) - British industrial output unexpectedly rose thanks to strong oil and gas production but manufacturing fell, underscoring a challenge for finance minister George Osborne before Wednesday's budget statement.

UK Mortgages eyes home loan investment spree after raising $505 million

Tue, 07/07/2015 - 08:52
LONDON (Reuters) - UK Mortgages , an investment fund focused on Britain's residential mortgage market, said on Tuesday it had raised gross proceeds of 250 million pounds to build a portfolio of loans that offer stable income streams in volatile financial markets.

Chancellor Osborne to propose extending Sunday trading hours

Tue, 07/07/2015 - 08:00
LONDON (Reuters) - British Chancellor George Osborne will use his first post-election budget statement to propose relaxing Sunday trading rules to help high street shops compete better with online retailers.

Asia shares wilt as China tanks, euro awaits Greece summit

Tue, 07/07/2015 - 07:06
TOKYO (Reuters) - Most Asian stocks drooped on Tuesday as Chinese equity markets went into a fresh tailspin, fraying investor nerves already strained by uncertainty hanging over the future of Greece and the European currency union.

Facebook executive Sheryl Sandberg joins board of SurveyMonkey

Tue, 07/07/2015 - 04:10
SAN FRANCISCO (Reuters) - Facebook Inc's Chief Operating Officer Sheryl Sandberg is taking a seat on the board of SurveyMonkey, the online polling company that was run by her late husband, Dave Goldberg.

More than 200 Chinese firms say to halt trading - Securities Times

Tue, 07/07/2015 - 03:19
SHANGHAI (Reuters) - More than 200 Chinese-listed firms said on Tuesday they would halt trading in their shares, state media reported, joining the scores of companies seeking to shield themselves from China's plunging stock markets.

Japan finance minister: ready to respond to market moves over Greece

Tue, 07/07/2015 - 02:20
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that the government stands ready to respond to market developments over Greece, adding it was hard to foresee future developments.

KKR rejoins bidding process for Tesco's South Korea unit - Korea Economic Daily

Tue, 07/07/2015 - 02:16
SEOUL (Reuters) - Private equity firm KKR & Co has re-entered the list of eligible bidders for Tesco's South Korean business after offering to increase its bid price, the Korea Economic Daily reported on Tuesday.

China premier says Beijing has ability to deal with risks to economy -

Tue, 07/07/2015 - 02:14
SHANGHAI (Reuters) - Chinese Premier Li Keqiang said on Monday that China had the confidence and ability to deal with the risks and challenges faced by its economy, according to a statement on the central government's website.