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Updated: 18 hours 9 min ago

HP seeking buyers for corporate-networking business in China - WSJ

Fri, 24/10/2014 - 22:46
(Reuters) - Hewlett-Packard Co has begun sounding out private-equity firms in China to buy its corporate-networking business in the country, the Wall Street Journal reported, citing people familiar with the situation.

Shares post best week since mid-2013 after earnings boost

Fri, 24/10/2014 - 22:04
NEW YORK (Reuters) - Global equity markets rose on Friday after strong corporate results from Microsoft and Procter & Gamble and reduced concerns over the possible spread of Ebola boosted U.S. shares and kept safe-haven U.S. Treasuries prices stable.

Bank of Ireland staff set for first pay rise since crisis

Fri, 24/10/2014 - 20:20
DUBLIN (Reuters) - Staff at Bank of Ireland, the country's largest bank by assets, are set to receive their first pay increase in six years after the part state-owned lender reached an agreement with its largest trade union on Friday.

Luxottica owner reassures that return to helm only temporary

Fri, 24/10/2014 - 19:58
MILAN (Reuters) - Luxottica Chairman Leonardo Del Vecchio, 79, sought to reassure employees in a letter this week that he would eventually take a step back after a recent management crisis put him back at the helm.

ECB tests find 800-850 million euro shortfall at PTSB - source

Fri, 24/10/2014 - 19:42
DUBLIN (Reuters) - European bank stress tests have found that Ireland's permanent tsb (PTSB) had a capital shortfall of 800 million euros (630.14 million pounds) to 850 million euros (669.53 million pounds) at the end of 2013, a source familiar with the process said on Friday.

Euro zone risks 'relapse into recession' without structural reforms - Draghi

Fri, 24/10/2014 - 19:29
BRUSSELS (Reuters) - The ECB's president warned divided euro zone leaders on Friday they risked "a relapse into recession" if they failed to press ahead with structural economic reforms, a message welcomed by German Chancellor Angela Merkel.

Airports group Aena delays filing of $10 billion share listing

Fri, 24/10/2014 - 19:27
MADRID (Reuters) - State-owned Spanish airport operator Aena has postponed filing the prospectus for its planned $10 billion (6.22 billion pounds) stock market listing until next week, an official said on Friday, after the Madrid bourse regulator said it needed more information.

Exclusive - Unipharm hires Houlihan Lokey to explore $500 million sale -sources

Fri, 24/10/2014 - 19:04
LONDON (Reuters) - Over-the-counter drugmaker Unipharm is up for sale and has hired advisory firm Houlihan Lokey to explore a deal that could value it at around $500 million (310.83 million pounds), three sources familiar with the matter told Reuters.

International financial watchdog warns on Iran, North Korea

Fri, 24/10/2014 - 18:56
PARIS (Reuters) - An international financial watchdog said on Friday member states should take action to ward off risks emanating from Iran and North Korea, which it said had failed to tackle money-laundering and financing of terrorism.

Fiat Chrysler's targets seen at risk as North America still pressured

Fri, 24/10/2014 - 18:38
MILAN/DETROIT (Reuters) - Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America.

UK union rejects Jaguar Land Rover pay offer, moves towards strike - source

Fri, 24/10/2014 - 18:34
LONDON (Reuters) - A British union has rejected a final pay offer from Jaguar Land Rover and will ballot workers in the first stage towards possible strike action, a trade union source with direct knowledge of talks with the firm told Reuters on Friday.

25 European banks set to fail health checks - sources

Fri, 24/10/2014 - 18:22
FRANKFURT (Reuters) - A group of 25 banks have failed European health checks, while up to 10 of those continue to have a capital shortfall, two people familiar with the matter said on Friday, providing a snapshot of the health of the region's lenders.

Italy court clears designers Dolce and Gabbana in tax evasion case

Fri, 24/10/2014 - 18:17
ROME (Reuters) - Italy's top court cleared fashion designers Domenico Dolce and Stefano Gabbana on Friday over charges of hiding hundreds of millions of euros from Italian tax authorities.

Bank of England paper says some clearing houses may need more capital

Fri, 24/10/2014 - 15:41
LONDON (Reuters) - Clearing houses may need bigger capital cushions as more and more trading in financial derivatives comes their way, the Bank of England said in a paper on Friday.

UK bank stress test capital measure changed late in process - sources

Fri, 24/10/2014 - 15:30
LONDON (Reuters) - Britain's regulator told banks this week they must use a stricter measure of how they measure capital under a health check of lenders that will be released on Sunday, people familiar with the matter said.

China to open up more sectors to private investment to spur growth

Fri, 24/10/2014 - 15:27
BEIJING (Reuters) - China's State Council will expand the scope of private investment in key sectors, including telecoms and transport, it said on Friday, as part of measures to support the slowing economy.

Deutsche Bank braces for 1 billion euros in U.S., UK Libor fines - sources

Fri, 24/10/2014 - 15:18
FRANKFURT (Reuters) - Deutsche Bank is bracing to pay almost 1 billion euros (788.32 million British pounds)for Libor-related fines as it nears a deal with U.S. and UK authorities to settle allegations it attempted to manipulate the benchmark interest rate, two sources familiar with the matter said on Friday.

Angry Cameron says won't pay 'unjustified' EU bill

Fri, 24/10/2014 - 15:03
BRUSSELS (Reuters) - Prime Minister David Cameron said on Friday Britain would not make an additional 2.1-billion-euro payment into this year's European Union budget, calling the bloc's demand for extra funds "completely unacceptable".

Angry Cameron says won't pay 'unjustified' EU bill

Fri, 24/10/2014 - 14:54
BRUSSELS (Reuters) - Prime Minister David Cameron said on Friday Britain would not make an additional 2.1-billion-euro payment into this year's European Union budget, calling the bloc's demand for extra funds "completely unacceptable".

FTSE falls, still set for strongest week since August

Fri, 24/10/2014 - 14:45
LONDON (Reuters) - Britain's top share index was set for its strongest week since August despite dropping on Friday, when airlines and hotel stocks were hit by news that a New York City doctor had tested positive for the Ebola virus.