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Updated: 20 hours 11 min ago

Electrolux sees anaemic growth in Europe as cost cuts lift profit

Mon, 20/10/2014 - 11:00
STOCKHOLM (Reuters) - Global home appliances maker Electrolux struck a note of caution over its European business, predicting market growth at the low end of its forecast range after reporting slightly better than expected quarterly profit on Monday.

Spirit Pub in talks with Greene King on revised $1.16 billion offer

Mon, 20/10/2014 - 10:23
(Reuters) - British pub chain Spirit Pub Company Plc said its board was in talks with ale maker Greene King Plc on a revised 109.5 pence-per-share takeover offer, valuing Spirit Pub at 723.3 million pounds.

Banks to get instruction manual for submitting Libor quotes

Mon, 20/10/2014 - 09:15
LONDON (Reuters) - Banks who submit quotes for compiling Libor interest rates will have to follow a manual of instructions to avoid a repeat of the rigging seen in the past, the benchmark's new administrator said on Monday.

Italy industry orders rise in August after three steep monthly falls

Mon, 20/10/2014 - 09:11
Oct 20, (Reuters) - Italian seasonally adjusted industrial orders rose 1.5 percent month-on-month in August, reversing a 1.5 percent fall in July and posting their first increase since April, data showed on Monday.

France urges Germany to boost investment spending

Mon, 20/10/2014 - 09:08
BERLIN (Reuters) - French Economy Minister Emmanuel Macron has called on Germany to spend an additional 50 billion euros (39.59 billion pounds) on investments over the next three years to support the European economy, according to comments that appeared in the Monday edition of the Frankfurter Allgemeine Zeitung (FAZ) daily.

Danone says board hadn't discussed Mead Johnson and not carrying out review

Sun, 19/10/2014 - 14:50
PARIS (Reuters) - French foods group Danone SA said on Sunday it was not conducting a strategic review of assets and had not decided on any priority in terms of possible external growth possibilities.

Germany's Schaeuble wants more investment but no new debt

Sun, 19/10/2014 - 14:14
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble told a newspaper on Sunday that he wanted to increase investment spending and improve competitiveness in Europe's biggest economy but not at the expense of achieving a balanced budget next year.

Greene King weighs improved 700 mln stg bid for Spirit - Sunday Times

Sun, 19/10/2014 - 14:02
LONDON (Reuters) - Ale-maker Greene King is working on plans to make an improved offer of 700 million pounds ($1.1 billion) for rival Spirit Pub Co ahead of a Tuesday deadline, the Sunday Times newspaper reported.

German pilots to strike at Lufthansa on Monday and Tuesday

Sun, 19/10/2014 - 13:24
FRANKFURT (Reuters) - German pilots' union VC called a strike at Deutsche Lufthansa for Oct. 20 and 21, targeting the airline's Airbus 320 planes as well as Boeing 737s.

Blackstone's Wien expects U.S. markets sell-off to abate

Sun, 19/10/2014 - 13:02
DUBAI (Reuters) - The recent slump in U.S. stock prices, in which the S&P 500 index has posted four straight weekly losses for the first time in more than three years, is unlikely to go on for much longer, one of America's best-known investment strategists said on Sunday.

Germany's Karstadt eyes supervisory board head as new CEO - source

Sun, 19/10/2014 - 12:41
FRANKFURT (Reuters) - German department store chain Karstadt is set to appoint its supervisory board head as chief executive, a person familiar with the process said on Sunday, as it battles to get back to profitability.

The $40 billion jet buying spree - IndiGo's big bet

Sun, 19/10/2014 - 12:13
NEW DELHI/PARIS (Reuters) - Almost four years ago a handful of people gathered in Airbus sales chief John Leahy's spacious country house outside Toulouse and argued long into the evening over curry and cigars.

As IPO markets stumble, private equity buyers prepare to swoop

Sun, 19/10/2014 - 10:11
LONDON (Reuters) - Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what's bad for public stock markets may be good for private equity firms.

Getting used to the 'new mediocre'

Sun, 19/10/2014 - 10:03
LONDON (Reuters) - Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy.

Markets may have over-reacted to slowdown: BoE's Haldane

Sun, 19/10/2014 - 09:08
LONDON (Reuters) - Investors may have over-reacted to signs of economic slowdown, although they have been right to price in weaker global growth prospects, the Bank of England's chief economist said in a Sunday newspaper interview.

Companies look for more fairness as China eyes legal reforms at key meeting

Sun, 19/10/2014 - 00:05
BEIJING (Reuters) - China is set to unveil key legal reforms this week that will try to limit the influence local officials have on court cases, a move being closely watched by company executives who hope it will make the legal system more impartial.

Egypt signs with six international firms to dredge new Suez Canal

Sat, 18/10/2014 - 19:30
CAIRO (Reuters) - Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's programme to revive an economy battered by years of political turmoil.

Greece does not see "big surprises" in ECB stress tests - paper

Sat, 18/10/2014 - 18:30
ATHENS (Reuters) - Greek Finance Minister Gikas Hardouvelis said in an interview published on Saturday he did not expect the European Central Bank's health checks to show major surprises for Greek banks.

Tesco accounting black hole to be less than originally stated - Sky

Sat, 18/10/2014 - 17:52
LONDON (Reuters) - The world's third largest retailer, Tesco , will state next week that it overestimated earnings by less than the 250 million pounds which it previously announced, Sky news reported on Saturday, citing an unnamed banking source.

ECB's Visco urges common EU budget for defence, research

Sat, 18/10/2014 - 16:36
BOLOGNA Italy (Reuters) - European Central Bank Governing Council member Ignazio Visco called on Saturday for European Union countries to create a common budget for defence, security, research and infrastructure.