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Updated: 8 hours 43 min ago

India approves $2.6 billion mounted gun purchase - official

Sat, 22/11/2014 - 11:31
NEW DELHI (Reuters) - India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said.

Visa sees Visa Europe option now costing more than $10 billion

Sat, 22/11/2014 - 00:39
(Reuters) - Visa Inc , the world's largest credit and debit card company, said it might have to pay more than $10 billion (6.39 billion pounds) to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it.

European Parliament may propose Google break-up in draft resolution

Fri, 21/11/2014 - 23:06
By Alexei Oreskovic, Julia Fioretti and Alastair Macdonald

Greece battles lenders over projected budget gap, Fitch affirms rating

Fri, 21/11/2014 - 22:45
ATHENS (Reuters) - Greece's government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast.

Honda in talks with other suppliers for Takata air bag fix - WSJ

Fri, 21/11/2014 - 22:05
DETROIT (Reuters) - Honda Motor Co is in talks with two air bag suppliers to help it stock replacement parts for defective Takata Corp air bags, the Wall Street Journal reported on Friday, citing people aware of the planning.

China rate cut, European stimulus hints lift markets

Fri, 21/11/2014 - 22:02
NEW YORK (Reuters) - World stock markets and oil prices rallied on Friday, fuelled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.

Aviva in £5.6 billion deal to buy Friends Life after pensions shake-up

Fri, 21/11/2014 - 21:08
LONDON (Reuters) - British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for 5.6 billion pounds ($8.8 billion) as British pension reforms put pressure on insurance companies to find new business.

Bank of England investigates staff over auctions - FT

Fri, 21/11/2014 - 21:04
LONDON (Reuters) - The Bank of England is investigating whether staff knew or even aided possible manipulation of auctions it held at the onset of the financial crisis to pump liquidity into the banking system, the Financial Times reported.

Walmart workers announce Black Friday protest locations

Fri, 21/11/2014 - 19:25
(Reuters) - A pressure group pushing for higher wages at Walmart stores said employees would stage protests at 1,600 U.S. stores on Black Friday, including 60 in Washington.

Brazil's Rousseff struggling to limit Petrobras scandal's damage

Fri, 21/11/2014 - 18:27
SAO PAULO/BRASILIA (Reuters) - President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling.

Dow Chemical, Dan Loeb settle board debate

Fri, 21/11/2014 - 18:20
(Reuters) - Dow Chemical Co averted a proxy fight with Dan Loeb's hedge fund, Third Point LLC, by agreeing to add four independent directors to its board, sending its shares up as much as 4.5 percent.

Senate Democrats blast New York Fed over bank regulation

Fri, 21/11/2014 - 18:17
WASHINGTON (Reuters) - New York Federal Reserve Bank President William Dudley came under fire on Friday from Democratic senators who blasted the bank for lax oversight of major financial institutions.

EU investment plan to take shape next week

Fri, 21/11/2014 - 18:15
BRUSSELS (Reuters) - Jean-Claude Juncker will unveil a much anticipated 300-billion-euro (237.29 billion pounds) investment plan on Wednesday that is meant to trigger economic growth in the European Union.

Credit Suisse ordered to pay $1.8 billion to finalise U.S. guilty plea

Fri, 21/11/2014 - 18:14
NORFOLK Va. (Reuters) - A U.S. judge on Friday accepted Credit Suisse's guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion (1.15 billion pounds) in fines and restitution.

FTSE heads for fifth week of gains on China rate cut

Fri, 21/11/2014 - 16:42
LONDON (Reuters) - FTSE ended provisionally higher on Friday, marking a fifth straight week of gains, after a surprise interest rate cut in China boosted mining and commodities stocks.

U.S. under pressure to match EU rules on market benchmarks

Fri, 21/11/2014 - 16:39
LONDON (Reuters) - The United States may need tougher rules to regulate market benchmarks or risk being locked out of the European Union market, a top U.S. regulator has said.

RBS says it barely passed EU stress test, admits error

Fri, 21/11/2014 - 16:28
LONDON (Reuters) - Royal Bank of Scotland said it only marginally passed a stress test last month by European regulators after admitting to an error in data it submitted, calling into question if it can pass a tougher test by British regulators.

Global M&A lending hits post-crisis high

Fri, 21/11/2014 - 16:25
NEW YORK (Reuters) - Two huge new US acquisition bridge loans have pushed global M&A lending to a post-crisis high of $665 billion (424 billion pounds) in the year to date, according to Thomson Reuters LPC data, as takeovers continue to flourish despite recent volatility.

Valeant slashes stake in Allergan after losing bid

Fri, 21/11/2014 - 16:13
(Reuters) - (Refiles Nov. 20 story to correct reference to previous stake)

Bankers ready 4.5 billion euros of debt for Lafarge Holcim assets

Fri, 21/11/2014 - 15:58
LONDON (Reuters) - Cement makers Lafarge and Holcim are preparing to sell assets in order to go ahead with their planned merger, and lenders are readying debt financing packages of around 4.5 billion euros (4 billion pounds) to back private equity bids, banking sources said on Friday.