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Updated: 9 hours 24 min ago

Two more deaths identified by GM ignition-switch programme

Mon, 24/11/2014 - 16:39
NEW YORK (Reuters) - Two additional deaths have been attributed to a faulty ignition switch in General Motors Co vehicles, bringing the total to 35, according a report on Monday from the lawyer overseeing a programme to compensate for deaths and accidents linked to the part.






BT lines up O2 and EE in quest for British telecoms supremacy

Mon, 24/11/2014 - 16:38
LONDON/MADRID (Reuters) - Britain's BT Group has been approached by O2 owner Telefonica and the parents of O2's bigger rival EE to discuss competing multibillion-pound deals to create a powerhouse in fixed-line broadband, mobile and TV.






Bank of England mulls tougher capital rules for clearing houses

Mon, 24/11/2014 - 16:30
LONDON (Reuters) - Financial institutions that settle trillions of dollars of derivative contracts a day may need to hold more capital to stop them requiring a government bailout if they fail, a senior Bank of England official said on Monday.






Weak TLTRO demand makes ECB's balance sheet target tough to reach - Reuters Poll

Mon, 24/11/2014 - 16:27
(Reuters) - Banks will borrow just 150 billion euros (119 billion pounds) at the second tranche of the European Central Bank's long-term cash offer in December, a Reuters poll forecast, suggesting the central bank will have trouble expanding its balance sheet.






Citigroup to pay $15 million for analyst supervision lapses - FINRA

Mon, 24/11/2014 - 16:23
(Reuters) - A unit of Citigroup Inc must pay a $15 million (10 million pound) fine for not adequately supervising communications among its equity research analysts, clients and the firm's sales and trading staff, Wall Street's industry funded regulator said on Monday.






Petrofac slides as oil price, project delays weigh

Mon, 24/11/2014 - 15:39
(Reuters) - Oil and gas services firm Petrofac Ltd's net profit estimate for 2015 fell far short of its goal, wiping out more than 1 billion pounds ($1.56 billion) of its market value.






Stryker weighing bid for Smith & Nephew - Bloomberg

Mon, 24/11/2014 - 15:27
LONDON (Reuters) - U.S. medical device maker Stryker Corp is examining a bid for Britain's Smith & Nephew Plc as a regulatory restriction barring an offer comes to an end, Bloomberg reported on Monday, citing unnamed sources.






Shell shuts Nigeria pipeline carrying Bonny Light crude

Mon, 24/11/2014 - 15:01
ABUJA (Reuters) - Nigeria's oil exports were disrupted after Shell's local unit shut a pipeline that carries a key grade after it discovered a leak on Saturday, the company said on Monday.






Aviva falls on Friends Life merger plan doubts

Mon, 24/11/2014 - 14:57
LONDON (Reuters) - Shares in insurer Aviva fell more than five percent on Monday reflecting uncertainty about the potential benefits of the company's 5.6 billion pound (8.79 billion US dollar) plan to merge with rival Friends Life






Britain signs contract for four more F-35 stealth fighter jets

Mon, 24/11/2014 - 14:39
LONDON (Reuters) - Britain has signed a contract to purchase four more of Lockheed Martin's F-35 Lightning II stealth fighter jets, the Ministry of Defence (MoD) said on Monday.

EU lawmakers to vote on Google break-up motion on Thursday

Mon, 24/11/2014 - 13:38
BRUSSELS (Reuters) - EU lawmakers will likely vote on Thursday on a motion proposing the break-up of Google and other Internet technology companies, increasing political pressure on the bloc’s antitrust regulators to take a stronger line on the group.






German business morale rebounds in November

Mon, 24/11/2014 - 13:09
BERLIN (Reuters) - German business sentiment rebounded in November, breaking a streak of six straight declines, in a sign that Europe's largest economy may be gaining some momentum again after narrowly avoiding a recession in the third quarter.






Frontier Airlines orders nine airbus A321ceo aircraft

Mon, 24/11/2014 - 13:05
(Reuters) - Airbus Group said on Monday it had won a firm order for nine A321 aircraft from Frontier Airlines, a low-cost U.S. carrier based in Denver.






Deposits war among China's banks to yield no big winners

Mon, 24/11/2014 - 13:00
SHANGHAI (Reuters) - Smaller Chinese banks that have raised deposit rates higher than their large rivals may be rewarded with a short-term inflow of money, but are unlikely to break the trend of investors parking cash in big banks and high-yielding "shadow bank" products.






Carlyle seeking $5 billion for fund with longer life - Bloomberg

Mon, 24/11/2014 - 12:58
(Reuters) - Private equity firm Carlyle Group LP is looking to raise about $5 billion (3 billion pounds) for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported.






French, British banks press EU to revise bank reform plans

Mon, 24/11/2014 - 11:57
PARIS (Reuters) - French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks, warning the move could discourage lending to struggling economies.






Hulamin buys BHP's South Africa aluminium casthouse

Mon, 24/11/2014 - 11:42
JOHANNESBURG (Reuters) - South African aluminium-products maker Hulamin said on Monday it was part of a group which had signed a deal to buy a casthouse from BHP Billiton , sending its shares higher.






BT confirms talks with Telefonica's O2, other UK network

Mon, 24/11/2014 - 11:39
LONDON (Reuters) - Britain's BT said on Monday it had been approached by shareholders in Telefonica , owner of O2, and another UK network operator about BT buying their British businesses.






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