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Updated: 1 day 3 min ago

British government body urges 3 percent rise in minimum wage

Mon, 23/02/2015 - 18:54
LONDON (Reuters) - A British government body recommended a 3 percent rise in the minimum wage on Monday, which would take it to 6.70 pounds ($10) an hour, the biggest real-terms increase since 2007.






IMF signs off on $1.4 billion loan for Serbia

Mon, 23/02/2015 - 18:39
WASHINGTON (Reuters) - The International Monetary Fund on Monday signed off on a three-year, 1.2 billion euro ($1.4 billion) loan program for Serbia to help the eastern European country restore its financial health and reassure investors.






British American Tobacco mulls $3.5 billion buyout of Brazil unit stake

Mon, 23/02/2015 - 18:23
LONDON/SAO PAULO (Reuters) - British American Tobacco Plc is considering a buyout of the 24.7 percent stake it does not already own in Souza Cruz SA , Brazil's largest cigarette company, in a deal that could cost about 2.3 billion pounds ($3.53 billion).






HSBC says Swiss scandal has brought 'shame' on bank

Mon, 23/02/2015 - 18:18
LONDON (Reuters) - HSBC reported a 17 percent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.






IMF signs off on $1.4 billion loan for Serbia

Mon, 23/02/2015 - 18:17
WASHINGTON (Reuters) - The International Monetary Fund on Monday signed off on a three-year, 1.2 billion euro ($1.4 billion) loan program for Serbia to help the eastern European country restore its financial health and reassure investors.

HSBC's Greek exposure dips to $6 billion as foreign banks retreat

Mon, 23/02/2015 - 17:42
LONDON (Reuters) - HSBC's exposure to Greece totalled some $6 billion (3.87 billion pounds) at the end of 2014, the British bank said on Monday, making it one of the most exposed foreign banks to the debt-laden nation, despite cutting loans there last year.






Exclusive - Rare disease drugmaker PTC Therapeutics explores sale: sources

Mon, 23/02/2015 - 17:13
(Reuters) - Rare disease drugmaker PTC Therapeutics Inc is exploring a potential sale amid takeover interest from several pharmaceutical companies including Shire PLC and BioMarin Pharmaceutical Inc , according to people familiar with the matter.






Fall in HSBC pegs back FTSE

Mon, 23/02/2015 - 17:04
LONDON (Reuters) - A drop in the shares of banking group HSBC held back Britain's top equity index on Monday, although many traders still expected the UK stock market to reach record highs soon.






HSBC says CEO Stuart Gulliver holds Swiss account

Mon, 23/02/2015 - 01:47
(Reuters) - Europe's biggest bank, HSBC said its chief executive, Stuart Gulliver, holds a bank account in Switzerland that was set up in 1998 to hold bonus payments, responding to a report in the Guardian newspaper that said he had a Swiss account that contained $7.6 million (5 million pounds) in 2007.






Bank of Japan under pressure as some board members question inflation target

Mon, 23/02/2015 - 01:24
TOKYO (Reuters) - Three members of the Bank of Japan's policy board expressed doubts the central bank can meet its inflation target because of a slowdown in underlying prices and falling oil, pointing to chinks in the BOJ's strategy to spark sustainable growth.






Canada's Valeant to acquire Salix in $10.1 billion deal

Mon, 23/02/2015 - 01:05
NEW YORK (Reuters) - Canada's Valeant Pharmaceuticals International Inc agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd in an all-cash deal valued at about $10.1 billion (7 billion pounds), the two companies said on Sunday.






Exclusive - China's Wanxiang to rebrand Fisker as Elux: sources

Mon, 23/02/2015 - 00:41
DETROIT (Reuters) - Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday.






Global stocks and euro start cautiously after Greece deal

Mon, 23/02/2015 - 00:35
TOKYO (Reuters) - Stock markets and the euro started the week on a cautious note on Monday as a Greek debt deal struck last week remained in the balance until Athens drew up a list of reforms to satisfy its creditors.






Canada's Valeant to acquire Salix in $10.1 billion deal

Sun, 22/02/2015 - 23:10
NEW YORK (Reuters) - Canada's Valeant Pharmaceuticals International Inc agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd in an all-cash deal valued at about $10.1 billion (7 billion pounds), the two companies said on Sunday.






Japan Inc. sees no need for 2 percent inflation or more easing - Reuters poll

Sun, 22/02/2015 - 23:09
TOKYO (Reuters) - Japan Inc sees no need for an aggressive pursuit of a 2 percent inflation goal or additional monetary easing, a Reuters poll showed - a stance that supports the central bank's recent softer tone on achieving its consumer price target in the near future.

RSA Insurance to unveil deeper cost-cutting plan - FT

Sun, 22/02/2015 - 21:52
(Reuters) - RSA Insurance Group Chief Executive Stephen Hester is set to unveil a deeper cost-cutting plan at the London-based general insurance provider as it works to turn around its business, the Financial Times reported.






Exclusive - Wanxiang's relaunch of Fisker Karma bumped to 2016: sources

Sun, 22/02/2015 - 21:32
DETROIT (Reuters) - Chinese auto parts maker Wanxiang Group's bid to relaunch the defunct Fisker Karma hybrid sports car may be delayed until mid-2016, two sources familiar with the plan said Sunday.






Mercedes recalls 147,000 cars in U.S. for engine fire risk

Sun, 22/02/2015 - 20:54
DETROIT (Reuters) - Daimler AG's Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires, the U.S. safety regulator said Saturday.






Insight - Ten days that shook the euro; how Greece came to the brink

Sun, 22/02/2015 - 18:10
BRUSSELS (Reuters) - The "rock star" took on the rock. And the rock won.






IAG win over trade union in boost to Aer Lingus bid

Sun, 22/02/2015 - 16:03
DUBLIN (Reuters) - A trade union group representing Aer Lingus workers has reversed its position and said it will now back a takeover approach by IAG after the British Airways' owner laid out its growth plans for the Irish airline.






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