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Updated: 5 hours 26 min ago

Brazil economy sinks into worse-than-expected recession

Fri, 28/08/2015 - 14:30
SAO PAULO (Reuters) - Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal.

Global funds buy more bonds as China-fuelled volatility surges - Reuters poll

Fri, 28/08/2015 - 14:25
This month's wild ride in global stocks and fears of an emerging market crisis led funds to raise bond allocations to eight-month highs, even though most investors remain bullish on the outlook for Japan and the West.

UK investors buy more stocks, cut bond holdings - Reuters poll

Fri, 28/08/2015 - 14:07
LONDON (Reuters) - British investors put more money into stocks in August and, wary of low yields, cut their allocation to bonds to its lowest since July 2014, a Reuters poll found.

Exclusive - Arab OPEC producers brace for oil-price weakness for rest of 2015

Fri, 28/08/2015 - 13:59
DUBAI/LONDON (Reuters) - A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.

German inflation stays ultra low in Aug., state data suggests

Fri, 28/08/2015 - 13:00
BERLIN (Reuters) - German consumer prices remained ultra low in August, data from states around the country suggest, putting pressure on the European Central Bank to consider additional stimulus measures as falling oil prices and a slowdown in China curb inflation.

British payments glitch at HSBC leaves thousands without wages

Fri, 28/08/2015 - 12:45
LONDON (Reuters) - HSBC reported a computer glitch on Friday which it said prevented some of its British business customers from making payments, leaving thousands of workers without wages ahead of a three-day weekend.

UBS to pay $1.7 million settlement over sanctions case - U.S. Treasury

Thu, 27/08/2015 - 20:01
WASHINGTON (Reuters) - The U.S. Treasury on Thursday said it had reached an agreement with UBS for the Swiss bank to pay a $1.7 million (1.1 million pounds) settlement for "apparent violations" to U.S. sanctions.

French Economy Minister pledges love, reforms, to business leaders

Thu, 27/08/2015 - 19:48
JOUY-EN-JOSAS, France (Reuters) - France's Socialist government will keep making changes aimed at helping businesses until the end of its mandate in 2017, Economy Minister Emmanuel Macron said on Thursday, pledging both "love" and "demonstrations of love."

U.S. leaning against regulatory relief for three banks in Libor scandal

Thu, 27/08/2015 - 19:22
WASHINGTON (Reuters) - The U.S. Labor Department is leaning toward denying requests for regulatory relief by three big foreign banks that pleaded guilty to manipulating Libor interest rates but want to keep managing retirement accounts for clients.

Google rejects 'unfounded' EU antitrust charges of market abuse

Thu, 27/08/2015 - 18:55
BRUSSELS (Reuters) - Google Inc has rejected EU antitrust charges that it abused its market power, exposing the company to the risk of a hefty fine if it does not alter its business practices.

China official blames Fed for global market rout, not yuan

Thu, 27/08/2015 - 18:40
BEIJING (Reuters) - Concerns over a possible U.S. rate rise by the Federal Reserve may have sparked a global stock market rout rather than the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday.

Huawei brings online smartphone brand Honor to Europe

Thu, 27/08/2015 - 17:22
LONDON (Reuters) - Huawei Technologies Co Ltd [HWT.UL] brought its youth-focused mobile phone brand Honor to Europe on Thursday with the launch of the Honor 7, a handset that has chalked up sales of more than 1.5 million in China since June.

FTSE rallies, U.S. data eases concerns over China

Thu, 27/08/2015 - 17:19
LONDON (Reuters) - The FTSE 100 rose on Thursday, recouping all of its losses from this week's bruising sell-off after strong U.S. data calmed global markets rocked by concerns over Chinese growth.

U.S. second-quarter GDP growth revised sharply higher to 3.7 percent

Thu, 27/08/2015 - 16:40
WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year.

One in 65 adults in Britain is now a millionaire - study

Thu, 27/08/2015 - 16:32
LONDON (Reuters) - Millionaires are on the increase in Britain, according to a study which found that one in 65 adults is now worth over seven figures, 41 percent more than five years ago.

Ukraine reaches 'win-win' deal with creditors on $18 billion debt

Thu, 27/08/2015 - 16:15
KIEV (Reuters) - Ukraine reached what its finance minister called a "win-win" deal with its largest group of creditors to ease repayments on its $18 billion (11.7 billion pounds) debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian separatists.

ECB faces inflation headache even as lending bounces

Thu, 27/08/2015 - 15:58
FRANKFURT (Reuters) - Lending to euro zone firms grew at the fastest pace since early 2012 last month but the European Central Bank may still come under pressure to ramp up its stimulus measures as falling oil prices and a slowdown in China curb inflation.

Oil services firms beat expectations, tough times loom

Thu, 27/08/2015 - 15:35
LONDON/BANGALORE (Reuters) - Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts.

Morningstar cautions on size of Standard Life's 44 billion pounds GARS fund

Thu, 27/08/2015 - 15:23
LONDON (Reuters) - Standard Life Investments' flagship GARS fund, home to the savings of thousands of Britons, may be getting so big that its ability to outperform by picking individual stocks is being affected, a leading research firm has warned.

Syngenta management faces pressure to appease investors

Thu, 27/08/2015 - 15:02
FRANKFURT (Reuters) - Syngenta management faced pressure on Thursday to offer tangible rewards to shareholders after the Swiss pesticides company turned its back on a deal with unwanted American suitor Monsanto .