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Updated: 20 hours 25 min ago

GM's Opel unit may break even before 2016 - WSJ

Mon, 14/04/2014 - 13:41
(Reuters) - General Motors Co's loss-making European unit, Opel, may break even before its 2016 deadline, the Wall Street Journal reported, following an interview with the unit's chief executive, Karl-Thomas Neumann.

France chops red tape to save firms billions of euros

Mon, 14/04/2014 - 13:30
PARIS (Reuters) - A panel created by President Francois Hollande to cut red tape for French business announced 50 measures on Monday aimed at saving billions of euros a year, as his government seeks to revive a struggling economy.

China's Sanpower seals deal for House of Fraser

Sun, 13/04/2014 - 15:42
LONDON (Reuters) - The Shanghai-listed retail arm of Sanpower Group sealed a deal to buy 89 percent of the owner of British department store House of Fraser for 480 million pounds.

EU to approve bank rules before May election slows legislative machine

Sun, 13/04/2014 - 15:06
LONDON (Reuters) - The European Union will sign off on a slew of major reforms this week to allow failing banks to be wound down without public money, clearing its desk before elections in May that may lead to a slower pace of legislation.

Allianz eyes more investments in shares, infrastructure - report

Sun, 13/04/2014 - 14:41
FRANKFURT (Reuters) - Germany's Allianz , the world's largest insurance company, plans to increase its investments in shares and infrastructure as it seeks higher returns in a low interest-rate environment, a German newspaper reported.

Europe's top banks cut 80,000 more staff in post-crisis overhaul

Sun, 13/04/2014 - 13:38
LONDON (Reuters) - Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery.

Shell, BP sign five-six year LNG supply deals with Kuwait - paper

Sun, 13/04/2014 - 13:30
Kuwait (Reuters) - Royal Dutch Shell and BP have signed deals to supply Kuwait with liquefied natural gas (LNG) over the next few years, a Kuwait Petroleum Corp. (KPC) official was quoted as saying on Sunday.

Sawiris says ready to invest $1-2 billion in Telecom Italia-paper

Sun, 13/04/2014 - 11:38
MILAN (Reuters) - Egyptian billionaire Naguib Sawiris is ready to invest $1 billion (597 million pounds) to $2 billion (1 billion pounds) in Telecom Italia if its biggest shareholder Telefonica pulled out from the Italian phone group, according to newspaper Il Sole 24 Ore,.

Symrise bids to acquire French food ingredient maker Diana

Sun, 13/04/2014 - 10:22
FRANKFURT (Reuters) - Germany's Symrise , the world's fourth largest scents and flavours company, has made a binding offer to acquire French food ingredient maker Diana Group in a deal that would expand its activities into the pet food market.

Long-delayed new town an emblem for UK's housing hole

Sun, 13/04/2014 - 09:41
EBBSFLEET, England (Reuters) - Where Britain's first new town in over 40 years is due to be built there is little more than a gaping hole - a symbol of the huge housing shortage successive governments have failed to fill.

'Great Stretch' to secure Greek debt return

Sun, 13/04/2014 - 08:57
Two years ago, Greece's debt crisis almost brought the euro zone crashing down.

Reforms to IMF hit serious deadlock - G20 official

Sun, 13/04/2014 - 07:18
WASHINGTON (Reuters) - Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs that they would move forward without the United States if it fails to ratify the changes by year-end, a G20 official said on Sunday.

Tensions over money flows bode poorly for global economy

Sun, 13/04/2014 - 06:15
WASHINGTON (Reuters) - For a bunch of people who just agreed the global economy is doing better, top officials from the world's rich and poor nations sound rather worried.

Sharp eyes another share offering, could raise $2 billion - media

Sun, 13/04/2014 - 04:42
TOKYO (Reuters) - Sharp Corp, Japan's largest display maker, is considering another issue of new shares that could raise around 200 billion yen (1.17 billion pounds) to replenish its depleted capital base, the Asahi newspaper reported on Sunday.

Australia says progress towards G20 growth target 'unacceptable'

Sun, 13/04/2014 - 04:01
PERTH, Australia, April 13 - Slow progress towards meeting economic growth targets set by the Group of 20 bloc of advanced and developing nations this year is "unacceptable", Australian Treasurer Joe Hockey said on Sunday.

Draghi says a stronger euro would trigger looser ECB policy

Sat, 12/04/2014 - 22:28
WASHINGTON (Reuters) - The European Central Bank will ease monetary policy further if the euro keeps strengthening, President Mario Draghi said on Saturday as world finance chiefs ramped up pressure on Europe to ward off deflation.

Italy's Popolare Vicenza, Banca Etruria in exclusive merger talks

Sat, 12/04/2014 - 22:12
MILAN (Reuters) - Mid-sized Italian lender Banca Popolare di Vicenza and its smaller rival Banca Etruria have entered exclusive merger talks, they said in separate statements on Saturday.

Germany's Symrise says it has made offer to buy Diana Group

Sat, 12/04/2014 - 21:17
FRANKFURT (Reuters) - Germany's Symrise said on Saturday it had submitted a binding offer for all shares in France's Kerisper S.A.S., the holding entity of the food ingredient maker Diana Group.

ECB says further euro strengthening would trigger looser monetary policy

Sat, 12/04/2014 - 18:33
WASHINGTON (Reuters) - A further strengthening of the euro exchange rate would require more loosening in the European Central Bank's monetary policy to keep the overall policy stance as accommodative as it is now, ECB President Mario Draghi said on Saturday.

Greece's Eurobank gets green light for 2.9 billion euro share issue

Sat, 12/04/2014 - 16:59
ATHENS (Reuters) - Greece's third-largest lender Eurobank got approval on Saturday from the country's bank rescue fund, its main shareholder, for a 2.86 billion euro (2.37 billion pounds) share offering to plug a capital shortfall.