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Updated: 11 hours 25 min ago

Financial turmoil at SunEdison imperils solar projects worldwide

Sat, 09/04/2016 - 14:23
LOS ANGELES (Reuters) - In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy.

German government debt ratio sinking faster than planned - magazine

Sat, 09/04/2016 - 13:07
BERLIN (Reuters) - Germany now expects its debt level to fall back within the bounds of European Union rules as soon as 2020, faster than previously forecast, a German magazine said.

Italian banks' situation 'difficult but manageable' - minister

Sat, 09/04/2016 - 12:56
CERNOBBIO, Italy (Reuters) - Italian banks can deal over the next two to three years with a pile of bad loans that grew during a deep recession, the country's economy minister said, adding that the situation of their balance sheets was "difficult but manageable".

Britain urges China to speed up steps to cut steel capacity

Sat, 09/04/2016 - 12:23
LONDON (Reuters) - Britain asked China to tackle over-capacity in its steel industry on Saturday, hoping to stem the flood of cheap imports into Europe which India's Tata Steel said caused it to pull out of the United Kingdom, putting 15,000 jobs at risk.

Panama law firm says it hasn't been approached by investigators yet

Sat, 09/04/2016 - 12:02
BERLIN (Reuters) - The founding partner of Mossack Fonseca, the Panamanian law firm hit by a huge leak of offshore financial data, told a German newspaper his company had not yet been approached by anyone as part of investigations.

ECB still has ammunition against too-low inflation - Villeroy de Galhau

Sat, 09/04/2016 - 11:59
CERNOBBIO, Italy (Reuters) - The European Central Bank still has weapons to fight too-low inflation in the euro zone and will use them if necessary, Governing Council member François Villeroy de Galhau said in a published interview on Saturday.

China steel exports hurt market economy status, industry official says

Sat, 09/04/2016 - 09:02
BEIJING (Reuters) - A flood of Chinese steel product exports is damaging to the country's market economy status, the head of the steel association said in comments at a conference in Beijing on Saturday.

ECB's policy must be 'proportionate' and respect rules - Mersch

Sat, 09/04/2016 - 07:54
CERNOBBIO (Reuters) - The European Central Bank's policy must be commensurate to economic conditions and respect the bank's legal framework, in particular a ban on financing governments, ECB executive board member Yves Mersch said on Saturday.

Australia's Rio Tinto to take longer to pay as resource slump bites

Sat, 09/04/2016 - 07:02
SYDNEY (Reuters) - Rio Tinto , one of the world's biggest miners, has doubled its payment terms in a move that will force embattled suppliers to wait up to 90 days to be paid.

Austalian bank boss says insurer got it wrong on heart attacks

Sat, 09/04/2016 - 06:20
SYDNEY (Reuters) - The head of Australia's largest bank said its insurance business, CommInsure, had used an outdated and discredited definition of a heart attack to deny some claims from clients and he would apologise to any customers adversely affected.

Pacific E&P shareholders seek to block possible Catalyst Capital deal: WSJ

Sat, 09/04/2016 - 03:48
(Reuters) - A group of shareholders group in Pacific Exploration & Production Corp has asked Colombia's markets regulator to block a possible buyout deal by private-equity fund Catalyst Capital Group Inc, The Wall Street Journal reported on Friday.

Defamation lawsuits involving U.S. lawyer Dershowitz end in settlement

Sat, 09/04/2016 - 01:08
(Reuters) - Prominent U.S. lawyer Alan Dershowitz and two victims' rights attorneys on Friday withdrew claims from a Florida court that they defamed each other during a legal fight about a woman who said she was trafficked for sex as an underage girl.

Global stocks gain on oil boost; dollar fades vs yen

Fri, 08/04/2016 - 22:47
NEW YORK (Reuters) - Global equity markets advanced on Friday, buoyed by a jump in oil prices, but were lower for the week as the dollar gave up early gains against the yen.

France, Germany halt Airbus export credit amid UK probe

Fri, 08/04/2016 - 21:32
PARIS/BERLIN (Reuters) - France and Germany have joined Britain in suspending export credit facilities for Airbus jet deliveries, expanding the fallout from a potential corruption probe in Britain, several people familiar with the matter said on Friday.

FTSE records another weekly gain, led by commodities

Fri, 08/04/2016 - 16:32
LONDON (Reuters) - Britain's top share index was on track for another weekly rise on Friday, helped by buoyant commodity stocks and continuing a run that has seen it outperform its European peers.

Jaguar Land Rover in talks to lease Silverstone

Fri, 08/04/2016 - 16:29
LONDON (Reuters) - British Grand Prix track Silverstone is in talks to lease the circuit's property to Jaguar Land Rover, the owners of the Formula One site said after a vote of its members authorised the board to continue discussing the deal.

Marriott, Starwood Hotels stockholders approve deal

Fri, 08/04/2016 - 16:29
(Reuters) - Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc said on Friday the stockholders of the companies voted to approve Marriott's acquisition of Starwood to create the world's largest hotel company.

Germany's Gabriel says ECB policy expropriates 'little people'

Fri, 08/04/2016 - 16:25
VIENNA (Reuters) - The European Central Bank's ultra-low interest rates are making "little people" like workers and pensioners poorer, German Economy Minister Sigmar Gabriel said on Friday, arguing that Europe needed a growth programme.

Twitter appoints Hugh Johnston and Martha Lane Fox to its board

Fri, 08/04/2016 - 16:13
(Reuters) - Twitter Inc said on Friday it had appointed PepsiCo Inc Chief Financial Officer Hugh Johnston and Martha Lane Fox, co-founder of travel website, to its board.

Mediaset to agree sale of pay-TV to Vivendi, share swap-sources

Fri, 08/04/2016 - 16:11
MILAN/PARIS (Reuters) - Italian broadcaster Mediaset was set to announce the sale of its pay-TV unit to French media company Vivendi on Friday in a deal that envisages a share swap between the two companies, four sources close to the matter said.