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Updated: 17 hours 34 min ago

German investment group WCM considers major M&A deal - Welt am Sonntag

Sat, 11/04/2015 - 15:59
BERLIN (Reuters) - German investment holding company WCM may close a major M&A deal in coming months, Welt am Sonntag reported, citing chief executive Stavros Efremidis.






Banco Popolare says tie-up with Pop Milano 'not impossible dream'

Sat, 11/04/2015 - 15:55
NOVARA, Italy (Reuters) - A tie-up between Italian cooperative lenders Banco Popolare and Banca Popolare di Milano is not impossible but is not easy to achieve, Banco Popolare CEO Pier Francesco Saviotti said on Saturday.






Pakistan to raise more than $1 billion via Habib Bank sale

Sat, 11/04/2015 - 14:33
KARACHI, Pakistan (Reuters) - Pakistan will raise more than $1 billion by selling its entire stake in Habib Bank Limited, a government official said Saturday, a deal that will be the country's biggest privatisation so far.






VW in full-blown crisis as CEO vows to fight - sources

Sat, 11/04/2015 - 14:23
BERLIN (Reuters) - Volkswagen has plunged into a full-blown leadership crisis after Chief Executive Martin Winterkorn let it be known on Saturday he will fight for his job even though the carmaker's chairman has reportedly withdrawn confidence in the CEO.






Shock therapy to spur wave of mergers among Italy's 'popolari' banks

Sat, 11/04/2015 - 14:13
MILAN/VICENZA (Reuters) - Italy's biggest cooperative banks are bracing for a wave of mergers following a government reform that forces them to convert into joint stock companies within 18 months.






German economy minister plays down boost from EU-U.S. trade deal - magazine

Sat, 11/04/2015 - 13:56
BERLIN (Reuters) - Germany's economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers.






ECB sees risks in Greece's planned home foreclosure law

Sat, 11/04/2015 - 13:33
ATHENS (Reuters) - Greece's draft law to protect primary residences from foreclosures goes beyond protecting low-income debtors and could encourage strategic defaults, the European Central Bank said in a legal opinion on Saturday in a potential setback to the plan.






France's Vivendi says will not bid for Lagardere

Sat, 11/04/2015 - 11:54
PARIS (Reuters) - French media group Vivendi , with cash to spend after selling a chunk of its business, has no plans to bid for smaller rival Lagardere .






Backlogged orders as shoppers get close-up look at Apple Watch

Sat, 11/04/2015 - 09:34
SAN FRANCISCO/PARIS (Reuters) - Customers preordering Apple Inc's smartwatch on Friday will have to wait at least a month for delivery, a sign of strong early demand for company chief Tim Cook's first new major product.






China premier says economy faces growing downward pressure

Sat, 11/04/2015 - 04:34
BEIJING (Reuters) - China's economy faces increased downward pressure, the premier has said, as the country prepares to announce first-quarter economic growth.






Shell needs to go beyond oil price bet in BG deal

Sat, 11/04/2015 - 04:13
LONDON (Reuters) - When it comes to forecasting the oil price, big companies play their cards very close to their chests.






Backlogged orders as shoppers get close-up look at Apple Watch

Sat, 11/04/2015 - 00:49
SAN FRANCISCO/PARIS (Reuters) - Customers preordering Apple Inc's smartwatch on Friday will have to wait at least a month for delivery, a sign of strong early demand for company chief Tim Cook's first new major product.






Takata air bag on Honda Civic linked to another injury

Sat, 11/04/2015 - 00:18
(Reuters) - Faulty air bags supplied by Takata Corp have been linked to another injury involving a Honda Motor Co car in Florida in March.






Monte Paschi says Nomura exposure more than one third of capital

Fri, 10/04/2015 - 23:51
MILAN (Reuters) - Italian bank Monte dei Paschi di Siena said on Friday it had overstepped regulatory limits with regards to its financial exposure to Japanese bank Nomura , in a surprise disclosure that could raise questions about whether the Italian lender's plans to raise capital and seek a buyer are on track.






GE to sell bulk of finance unit, return up to $90 billion to investors

Fri, 10/04/2015 - 23:47
(Reuters) - General Electric Co will shed most of its finance unit and return as much as $90 billion (62 billion pounds) to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing.






Wal-Mart says Walton family to sell shares to keep lid on stake

Fri, 10/04/2015 - 23:41
(Reuters) - Wal-Mart Stores Inc said the Walton family was putting 6 percent of the retailer's outstanding shares in a newly formed trust for possible sale to offset expected increases in its stake due to stock buybacks and to help fund charitable contributions.






IMF sees Brazil economy shrinking, growth hinging on austerity

Fri, 10/04/2015 - 22:43
GOIANIA, Brazil (Reuters) - The Brazilian economy will likely shrink this year, but the South American country could return to growth in 2016 if it succeeds in boosting investor confidence with its austerity drive, the International Monetary Fund said on Friday.






Shell needs to go beyond oil price bet in BG deal

Fri, 10/04/2015 - 20:14
LONDON (Reuters) - When it comes to forecasting the oil price, big companies play their cards very close to their chests.






Richmond Fed chief repeats view of 'strong' case for June rate hike

Fri, 10/04/2015 - 18:45
SARASOTA, Fla. (Reuters) - The case for the Federal Reserve to raise U.S. interest rates in June remains "strong," a top Fed official said on Friday, dismissing the impact of a rising dollar and falling oil prices as temporary.






ECB was right in saying QE was working even before it began - poll

Fri, 10/04/2015 - 18:29
LONDON (Reuters) - The European Central Bank was "about right" in claiming its trillion-euro quantitative easing programme was having a positive impact before it had even begun, according to three quarters of economists polled by Reuters this week.






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