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Updated: 12 hours 2 min ago

French ministers call for back off on hotel tax hike

Sun, 29/06/2014 - 18:54
PARIS (Reuters) - French ministers on Sunday attacked proposals by lawmakers to increase taxes on hotel stays and called for them to be scrapped as they could undermine plans to boost the tourism sector.

Bank of England's Bean: expectations for interest rate rises 'reasonable'

Sun, 29/06/2014 - 12:30
LONDON (Reuters) - Market expectations of a rise in British interest rates at the turn of the year are "reasonable", Bank of England policymaker Charlie Bean told Sky television on Sunday.

U.S. agency probes Nissan Versa over speed control

Sat, 28/06/2014 - 20:24
WASHINGTON (Reuters) - U.S. safety regulators are investigating complaints that a carpet cover trim panel is causing unwanted acceleration in Nissan Versa cars and preventing drivers from braking.

Bulgaria makes first arrests over bank runs

Sat, 28/06/2014 - 20:15
SOFIA (Reuters) - Bulgarian authorities said on Saturday they had detained two men suspected of involvement in what they have described as an organised attempt to destabilise the country's financial system by encouraging citizens to withdraw bank deposits.

BNP Paribas CEO tells employees bank facing heavy U.S. penalties

Sat, 28/06/2014 - 18:39
PARIS (Reuters) - BNP Paribas Chief Executive Officer Jean-Laurent Bonnafe in a message to employees seen by Reuters has warned that the French bank is facing heavy penalties following a U.S. investigation into breaking sanctions which should end "very soon".

UniCredit, unions agree 2,400 job cuts - union

Sat, 28/06/2014 - 15:58
MILAN (Reuters) - Italy's UniCredit has reached a deal with unions to cut 2,400 jobs, the sector's main union FABI said on Saturday, in the first stage of workforce reductions foreseen in the bank's 2013-18 restructuring plan.

Thai Airways names new acting president

Sat, 28/06/2014 - 11:25
BANGKOK (Reuters) - The board of Thai Airways International Pcl has appointed Air Chief Marshal Siwakiat Jayema as acting president from July 1 as the country's military rulers reshuffle and restructure the loss-making carrier hit by months of political unrest.

BoE's Carney says sterling should settle over time

Sat, 28/06/2014 - 08:00
BELFAST (Reuters) - The recent strength of the British pound reflects the relative strength of the economy and should settle over time, Bank of England Governor Mark Carney was quoted as saying in an interview on Saturday.

HP to settle suits over Autonomy deal; make claim against ex-CEO Lynch

Sat, 28/06/2014 - 03:56
(Reuters) - Hewlett-Packard Co and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations.

GM recalls thousands of new pickups, SUVs, in U.S. and Canada

Sat, 28/06/2014 - 01:03
(Reuters) - General Motors Co announced on Friday that it would recall 428,211 more vehicles in the United States, including new four-wheel drive pickups and SUVs with a software problem that could cause the vehicles to automatically switch to neutral and roll away while parked.

U.S. seeks more than eight years prison for SAC's Martoma

Sat, 28/06/2014 - 00:59
NEW YORK (Reuters) - Mathew Martoma, a former SAC Capital Advisors portfolio manager convicted of insider trading, should be sentenced to a "substantial" term of prison beyond the eight years recommended by probation officers, U.S. prosecutors argued Friday.

Barclays hires WilmerHale, ex-SEC litigator in dark pools probe

Sat, 28/06/2014 - 00:45
LONDON/WASHINGTON (Reuters) - Barclays Plc has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its "dark pool" trading venue, according to people familiar with the matter.

U.S. judge says Argentine debt payment illegal, should be returned

Sat, 28/06/2014 - 00:26
NEW YORK (Reuters) - A U.S. judge on Friday called Argentina's decision to make a sovereign debt payment in defiance of a court order an "explosive action" and told Bank of New York Mellon to return the money to the government.

BP seeks to recoup 'windfall' Gulf spill payments

Fri, 27/06/2014 - 23:46
(Reuters) - BP Plc has asked a U.S. judge to direct what it called a "vast number" of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico oil spill.

Bank of England FPC members differed on housing measures - Cunliffe

Fri, 27/06/2014 - 23:14
LONDON (Reuters) - - Members of the Bank of England's Financial Policy Committee differed over what steps to take to cool Britain's housing market before reaching a consensus, Deputy Governor Jon Cunliffe said in an interview published late on Friday.

LightSquared reaches bankruptcy deal, without Ergen

Fri, 27/06/2014 - 22:56
(Reuters) - LightSquared has reached a mediated deal to bring the wireless communications company out of its Chapter 11 bankruptcy, according to report from the mediator who lashed out at Charles Ergen, a large creditor and satellite TV mogul.

U.S. SEC weighs filing charges against BlackRock - filing

Fri, 27/06/2014 - 22:40
WASHINGTON (Reuters) - BlackRock Inc , one of the world's largest asset managers, disclosed on Friday that it may face civil charges by a U.S. securities regulator over disclosures tied to a former portfolio manager whose personal investments suggested a possible conflict of interest.

Exclusive - Canned tuna company Bumble Bee eyes $1.5 billion sale: sources

Fri, 27/06/2014 - 22:14
NEW YORK (Reuters) - Bumble Bee Foods is preparing a sale process that could value North America's largest producer and marketer of canned tuna and sardines at as much as $1.5 billion, according to people familiar with the matter.

Exclusive: HP to settle suits over Autonomy deal; make claim against ex-CEO Lynch

Fri, 27/06/2014 - 22:11
(Reuters) - Hewlett-Packard Co and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion (6.52 billion pound) acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations.

Bulgarian central bank says banking system under attack

Fri, 27/06/2014 - 22:03
SOFIA (Reuters) - Bulgaria's central bank said on Friday there was a systematic attempt to destabilise the country through attacks on the banking system and vowed to protect citizens' savings.