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Updated: 14 hours 22 min ago

Lloyds confirms close to Libor settlement

Fri, 25/07/2014 - 13:29
LONDON (Reuters) - Britain's Lloyds Banking Group confirmed on Friday that it was close to agreeing a settlement over allegations of manipulating benchmark interest rates.

Spectris sees 40 million pounds hit on sales from strong pound in second half

Fri, 25/07/2014 - 13:18
(Reuters) - Electrical equipment maker Spectris Plc's sales could take "a hit" of up to 40 million pounds ($68 million) in the second half if exchange rates for the pound against major currencies stay near current levels, CEO John O'Higgins said.

Ireland may seek EU nod to repay IMF loans early - Irish Times

Fri, 25/07/2014 - 12:25
DUBLIN (Reuters) - Ireland is taking soundings on whether its European Union partners would allow it to repay bailout aid early, but only the loans provided by the International Monetary Fund, the Irish Times said on Friday.

China unemployment rate steady at 4.08 percent at end of second quarter

Fri, 25/07/2014 - 11:53
BEIJING (Reuters) - China's urban unemployment rate was 4.08 percent at the end of June, identical with the level in March, the labour ministry said on Friday.

Sluggish Latin American results show risks for U.S. companies

Fri, 25/07/2014 - 06:22
(Reuters) - U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth.

GM recalls far from calamity for some dealers who find new customers, business

Fri, 25/07/2014 - 06:22
FOX LAKE Ill. (Reuters) - The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.

Air France-KLM margins rise in second-quarter, to unveil 2015-2020 plan

Fri, 25/07/2014 - 06:21
PARIS (Reuters) - Air France-KLM posted a sharp increase in gross operating margins for the second quarter and said it would soon announce a new "Perform 2020" plan for 2015-2020 aimed at regaining market share from low-cost rivals in Europe.

Lafarge confirms 2014 goals after forex, asset sales weigh on H1

Fri, 25/07/2014 - 06:18
PARIS (Reuters) - Cement maker Lafarge, which is preparing to merge with Swiss peer Holcim, stuck to its full-year targets on Friday after a first-half performance weighed down by adverse currency rates and asset sales.

Asian shares inch down from this week's three-year highs

Fri, 25/07/2014 - 04:54
TOKYO (Reuters) - Asian shares pulled away from this week's three-year highs on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data underpinned sentiment.

Japan consumer inflation eases in June as weak yen impact fades

Fri, 25/07/2014 - 04:48
TOKYO (Reuters) - Japan's core consumer inflation eased slightly in the year to June, highlighting the challenges the central bank faces in meeting its 2 percent inflation target sometime next year.

Taiwan's Acer shipments grew faster than industry average in second quarter - CEO

Fri, 25/07/2014 - 04:04
TAIPEI (Reuters) - Taiwan's Acer Inc saw quarter-on-quarter shipments growth that exceeded the PC industry average in the April-June period, the company's chief executive said.

Exclusive - China meat supplier faced claims last year over unethical work practices

Fri, 25/07/2014 - 03:45
SHANGHAI (Reuters) - Shanghai Husi Food, the U.S.-owned Chinese food supplier at the centre of a meat safety scandal, won a court case earlier this year against a former quality control officer whose claims included that he was made to forge meat production dates.

McDonald's takes chicken nuggets off menu in Hong Kong amid food scare

Fri, 25/07/2014 - 02:10
HONG KONG (Reuters) - McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it had imported products from Shanghai Husi Food, the U.S.-owned company at the centre of a food safety scare in China.

British house prices grow at slowest rate in over a year in July - Hometrack

Fri, 25/07/2014 - 00:05
LONDON (Reuters) - British house prices grew at their slowest rate in over a year in July in the latest sign that Britain's housing market may be starting to cool, a survey showed on Friday.

Britain's economy set, finally, to recover ground lost to crisis

Fri, 25/07/2014 - 00:03
LONDON (Reuters) - Britain's economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago.

Lloyds fine in LIBOR rigging probe to be announced next week - sources

Thu, 24/07/2014 - 23:47
(Reuters) - The long-awaited fine on Britain's Lloyds Banking Group in relation to the benchmark interest rate (LIBOR) fixing allegations will be announced next week, two sources familiar with the inquiry told Reuters.

Facebook goes express to mega-cap status - now valued more than AT&T, Coke

Thu, 24/07/2014 - 22:46
NEW YORK (Reuters) - In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.

Indian markets' post-election enthusiasm lost on consumers

Thu, 24/07/2014 - 22:05
NEW DELHI (Reuters) - Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiralling costs of food and other staples eat into his budget for non-essentials.

Vodafone extends offer for Italy's Cobra Automotive to August 1

Thu, 24/07/2014 - 20:35
MILAN (Reuters) - Vodafone on Thursday extended its voluntary tender offer to buy all the share capital of Italian car electronics maker Cobra Automotive Technologies by five trading days to August 1.

British construction firms Balfour Beatty, Carillion eye merger

Thu, 24/07/2014 - 20:27
(Reuters) - Balfour Beatty and Carillion Plc , two of Britain's biggest construction companies, confirmed on Thursday that they were in preliminary talks on a possible merger.