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Updated: 6 hours 18 min ago

Investors turn cautious, book profits from surging stocks - Reuters poll

Fri, 29/08/2014 - 13:08
LONDON (Reuters) - Global investors pulled back from their equity allocations in August amid worsening international tensions and a growing sense that stock markets are topping out, a Reuters poll showed on Friday.

Analysis - Draghi dials R for Reform. Line is busy

Fri, 29/08/2014 - 13:07
FRANKFURT (Reuters) - Two years ago, euro zone government leaders hung on Mario Draghi's every word. Now the European Central Bank chief is struggling to get through to them. What has happened to 'Super Mario's' mojo?

Risk-averse UK investors slash equity holdings in August - Reuters poll

Fri, 29/08/2014 - 13:04
LONDON (Reuters) - British investment managers slashed their equity holdings in August and bumped up their bets on bonds as heightened global tensions prompted a move away from risky assets, a poll showed.

McDonald's says 12 Russian branches temporarily closed

Fri, 29/08/2014 - 12:36
MOSCOW (Reuters) - McDonald's said on Friday that a total of 12 of its branches in Russia had been temporarily closed over the state food safety regulator's allegations of sanitary violations.

Spain's current account surplus 517 million euros in June

Fri, 29/08/2014 - 10:17
MADRID (Reuters) - Spain's current account was 517 million euros (410.71 million pounds) in surplus in June, down from a surplus of 2.1 billion euros in the same month a year earlier, the Bank of Spain said on Friday.

Euro zone inflation dips as expected in August

Fri, 29/08/2014 - 10:10
BRUSSELS (Reuters) - Euro zone inflation dropped as expected to a fresh five year low in August, data showed on Friday, but it was not likely to force the European Central Bank into immediate policy intervention next week,

Julius Baer up after report of Credit Suisse takeover interest

Fri, 29/08/2014 - 10:08
ZURICH (Reuters) - Julius Baer shares rose by more than 2 percent on Friday after a Swiss finance blog said the private bank could eventually become a takeover target for larger rival Credit Suisse .

Twenty-one firms apply to underwrite Japan Post IPO

Fri, 29/08/2014 - 10:02
TOKYO (Reuters) - Twenty-one companies have applied to underwrite Japan Post's [IPO-JAPP.T] initial public offering scheduled for 2015, which market participants expect to raise almost $10 billion (6.02 billion pounds) for the government.

The billion-dollar fall of the house of Espirito Santo

Fri, 29/08/2014 - 10:00
LISBON (Reuters) - On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it.

Tesla Motors, China Unicom to build car charging outlets across China

Fri, 29/08/2014 - 09:58
SHANGHAI (Reuters) - U.S. electric carmaker Tesla Motors said on Friday that it would partner with China's No.2 mobile carrier China Unicom to build charging outlets across the country to push sales in the world's biggest auto market.

Apple working with NXP for pay-by-touch technology in new iPhone-FT

Fri, 29/08/2014 - 09:48
(Reuters) - Apple Inc is working with Dutch chipmaker NXP Semiconductors NV to add secure near-field communications (NFC) technology into the next iPhone, which would enable smartphone users to pay by touch, the Financial Times reported, citing people familiar with Apple's plans.

German DZ Bank well equipped for capital demands -CEO

Fri, 29/08/2014 - 09:43
FRANKFURT (Reuters) - DZ Bank [DETGNY.UL], a central bank to Germany's cooperative banking network, is confident its capital base is solid enough to meet regulatory demands, its chief executive said on Friday.

Italy July jobless rate rises to 12.6 percent

Fri, 29/08/2014 - 09:40
ROME (Reuters) - Italy's seasonally adjusted unemployment rate rose in July to 12.6 percent from 12.3 percent the previous month, data showed on Friday.

Malaysia Airlines to cut 6,000 jobs, de-list in $1.9 billion restructuring

Fri, 29/08/2014 - 09:28
KUALA LUMPUR (Reuters) - Malaysia Airlines , the country's loss-making flag carrier, will cut 30 percent of its workforce as part of a sweeping restructuring that will cost 6 billion ringgit (1.14 billion pounds), majority investor Khazanah Nasional [KHAZA.UL] said.

UK business investment data will not be released on Friday, says ONS

Fri, 29/08/2014 - 09:19
LONDON (Reuters) - Provisional second quarter figures for British business investment will not be released on Friday as previously announced, the Office for National Statistics said.

UK house prices surge unexpectedly in August - Nationwide

Fri, 29/08/2014 - 09:17
LONDON (Reuters) - British house prices rose during August at a much faster monthly pace than expected, according to a survey on Friday that contrasted with other signs of cooling in the housing market.

UK regulator proposes 5 percent cut in water bills by 2020

Fri, 29/08/2014 - 09:14
LONDON (Reuters) - Britain's water regulator has proposed that most of Britain's water suppliers should reduce their consumer bills by an average of 5 percent by the end of the decade.

Chesnara profit rises on growth in Swedish life insurance business

Fri, 29/08/2014 - 09:13
(Reuters) - Chesnara Plc , an insurance-focused takeover specialist, reported a 26 percent rise in pretax profit, helped by growth in its Swedish open life insurance business.

Tesco slashes profit forecast and dividend as trading slumps

Fri, 29/08/2014 - 09:00
LONDON (Reuters) - Britain's biggest retailer Tesco slashed its interim dividend by 75 percent as tough trading conditions forced it to cut its profit forecast for the second time in two months.

Strong margins boost laundry firm Berendsen's profit

Fri, 29/08/2014 - 08:59
(Reuters) - Commercial laundry company Berendsen Plc reported an 8 percent rise in first-half profit, helped by an increase in operating margins at its core Workwear and Facility businesses.