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Spain's Telefonica raises bid for Vivendi's GVT in Brazil

Thu, 28/08/2014 - 07:34
MADRID (Reuters) - Spain's Telefonica said on Thursday it had launched a new bid for Vivendi's Brazilian unit GVT worth 7.45 billion euros (5.92 billion pounds) to be paid in cash and shares.






Microsoft CEO Nadella to visit China amid antitrust probe - source

Thu, 28/08/2014 - 07:31
BEIJING (Reuters) - Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company.






UK cancer drug fund gets extra 160 million pounds

Thu, 28/08/2014 - 07:11
LONDON (Reuters) - A fund that helps patients receive cancer medicines not routinely paid for by Britain's state health service is to get an extra 160 million pounds, although the government is also taking a tougher line on prices.






Union calls for pilot strike at Lufthansa unit ahead of talks

Thu, 28/08/2014 - 07:08
FRANKFURT (Reuters) - Pilots at the budget unit of Lufthansa announced plans for a walkout on Thursday, ratcheting up the pressure on the airline ahead of a fresh round of talks over an early retirement scheme.






Hong Kong to hold roadshows for first sukuk issue next week

Thu, 28/08/2014 - 06:41
(Reuters) - Hong Kong's government will hold investor meetings next week for its maiden Islamic bond issue, a spokeswoman for the Hong Kong Monetary Authority said on Thursday.






Asia stocks steady as rally fades, euro clings to gains

Thu, 28/08/2014 - 06:31
TOKYO (Reuters) - Asian shares held steady after pulling back from a 6-1/2 year high as the recent rally in risk assets petered out for now, while the euro clung to modest gains after rebounding from 13-month lows.






Analysis - Bitcoin shows staying power as online merchants chase digital sparkle

Thu, 28/08/2014 - 06:11
NEW YORK (Reuters) - Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.






China supplier of Samsung, Lenovo denies using child workers

Thu, 28/08/2014 - 05:50
BEIJING/SEOUL (Reuters) - A China-based supplier for Samsung Electronics Co Ltd and Lenovo Group Ltd said on Thursday it had never hired child labourers, denying allegations by a U.S.-based activist group.






Qantas looks past record loss, opens door to foreign investors

Thu, 28/08/2014 - 05:45
SYDNEY (Reuters) - Qantas Airways Ltd is looking past its record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to foreign investment in the airline's international arm - its biggest headache.






European centres vie for trade in Chinese currency

Thu, 28/08/2014 - 05:29
HONG KONG (Reuters) - European companies are increasingly using the renminbi to settle trade with Chinese counterparts in a sign that Beijing's efforts to internationalise its currency are bearing fruit.






Lion Capital names Charney's schoolmate to American Apparel board -WSJ

Thu, 28/08/2014 - 04:36
(Reuters) - Private equity firm Lion Capital LLP has told American Apparel Inc that it is exercising its right to fill one of the two vacant board seats it controls at the apparel retailer, the Wall Street Journal reported, citing people familiar with the matter.






China urges more private capital in health insurance sector

Thu, 28/08/2014 - 04:27
SHANGHAI (Reuters) - China will encourage more private investment in health insurance, part of Beijing's push to open up its overburdened healthcare sector, the official Xinhua news agency said late on Wednesday.






Swedish growth seen slowing as election approaches

Wed, 27/08/2014 - 09:40
STOCKHOLM (Reuters) - Sweden's leading think tank said on Wednesday that growth would slow this year, casting a further shadow over the chances of reelection for a centre-right government that has marketed itself as the guardian of prosperity for the Nordic nation.






Foxtons lags steady UK stocks as it eyes sales slowdown

Wed, 27/08/2014 - 09:22
LONDON (Reuters) - Britain's equity indexes steadied early on Wednesday as some fresh, worrying signals about the European economy dampened investor appetite for shares after a strong run.






ECB speculation weighs on euro, yields; stocks buoyant

Wed, 27/08/2014 - 09:09
LONDON (Reuters) - The euro extended its slide on Wednesday, hitting its lowest level in a year against the dollar as expectation grew that the European Central Bank will act soon to counter low growth and inflation.






RBS fined for failings in mortgage affordability tests

Wed, 27/08/2014 - 08:51
LONDON (Reuters) - Britain's financial regulator has fined Royal Bank of Scotland and its NatWest division 14.5 million pounds for selling mortgages to customers without properly testing if they could afford them.






Italy must cut growth forecast, economy minister tells Corriere

Wed, 27/08/2014 - 08:47
ROME (Reuters) - Italy must cut its output growth forecast, its economy minister told a newspaper, adding that economic weakness was a European problem that the region's governments needed to tackle together.






Moving on from milk scandal, Fonterra ties up with China's Beingmate

Wed, 27/08/2014 - 08:33
WELLINGTON (Reuters) - New Zealand's Fonterra on Wednesday said it will take a stake in Chinese baby food and formula maker Beingmate Baby and Child Food Co. Ltd in the dairy giant's first tie-up with a Chinese processor since its involvement in a tainted infant formula scandal in 2008.






Chiquita reaffirms commitment to Fyffes merger, sees synergies

Wed, 27/08/2014 - 08:03
DUBLIN (Reuters) - Chiquita Brands International on Wednesday re-affirmed its commitment to a merger with Irish tropical fruit company Fyffes Plc and said it expected the deal to yield cost synergies of $60 million (47.71 million pounds).






Foxtons to pay special dividend after earnings hike

Wed, 27/08/2014 - 07:59
LONDON (Reuters) - London-focused estate agency Foxtons is to pay out 12.8 million pounds to shareholders in dividends after reporting a 29 percent rise in first-half core earnings.






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