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Updated: 33 min 50 sec ago

BOJ warns banks to not let low rates cause complacency

Fri, 17/10/2014 - 11:36
TOKYO (Reuters) - The Bank of Japan warned commercial banks on Friday not to become complacent over lending standards and loan-loss provisions as its quantitative easing drives borrowing costs lower.

FTSE rises from 15-month low; Tullow on top

Fri, 17/10/2014 - 11:33
LONDON (Reuters) - The top equity index rebounded from 15-month lows on Friday as concern eased over the state of the U.S. economy. Tullow Oil benefited from a broker upgrade.

Ophir CFO to leave company in cost-saving move

Fri, 17/10/2014 - 11:02
LONDON (Reuters) - Ophir Energy's chief financial officer, Lisa Mitchell, will leave the company on Nov. 19 after her job was made redundant as part of a cost-saving reorganisation of the board announced in August, the company said on Friday.

Volkswagen to recall over 580,000 cars in China - government

Fri, 17/10/2014 - 09:32
SHANGHAI (Reuters) - Volkswagen AG told China's quality watchdog that it planned to recall more than 580,000 cars in the country, after the agency launched an investigation in August.

Travis Perkins sales growth slows, says outperforming market

Fri, 17/10/2014 - 09:28
LONDON (Reuters) - Travis Perkins Plc , Britain's No. 1 supplier of building materials, posted slowing sales growth in its third quarter, though it still won market share, it said on Friday.

Japan to roll out aerospace hope with first commercial jet in half a century

Fri, 17/10/2014 - 09:26
TOKYO/SINGAPORE (Reuters) - Mitsubishi Aircraft will roll out Japan's first commercial jet in more than 50 years on Saturday, amid doubts its ambition to sell more than 2,000 of the planes can match reality in the market segment.

Airbus to cut A330 production rate in 2015

Fri, 17/10/2014 - 09:23
BERLIN (Reuters) - Planemaker Airbus will cut production rates of its A330 plane to nine a month from 10 in the fourth quarter of 2015 as it switches to a revamped version of the jet, the A330neo.

Credit Suisse shakes up investment bank unit with new bosses

Fri, 17/10/2014 - 09:21
ZURICH (Reuters) - Credit Suisse appointed two new investment banking bosses on Friday and promoted them to its top ranks, a move likely to raise fresh questions over its appetite to scale back a unit hit by volatility and lacklustre profits.

European shares halt sell-off; Rolls-Royce sinks

Fri, 17/10/2014 - 09:17
PARIS (Reuters) - European stocks rose in early trading on Friday, halting the week's sharp drop after Wall Street pared losses as macro data soothed fears about the U.S. economic outlook.

BOJ Kuroda stays upbeat on price outlook despite oil price falls

Fri, 17/10/2014 - 09:16
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Friday maintained his optimism on the price outlook, saying that improvements in the economy are allowing companies to pass on rising import costs to consumers.

Ireland eyes 6.25 percent corporate tax on intellectual property - Irish Times

Fri, 17/10/2014 - 09:13
DUBLIN (Reuters) - Ireland is considering levying corporate tax at half its standard 12.5 percent rate on profits from intellectual property under a scheme it is preparing to submit to the European Commission, the Irish Times reported on Friday.

Activity in unsecured money market picked up in second quarter - ECB survey

Fri, 17/10/2014 - 09:08
FRANKFURT (Reuters) - Euro zone banks grew more confident in the second quarter about borrowing and lending to each other in the unsecured money market, which was shunned during the crisis, a survey by the European Central Bank showed on Friday.

Ferrovial consortium to buy three UK airports

Thu, 16/10/2014 - 15:00
MADRID (Reuters) - Spain's Ferrovial said on Thursday it had agreed to buy NDH1, owner of Aberdeen, Glasgow and Southampton airports, as part of a consortium also comprising Macquarie Infrastructure Fund 4.

Nestle unsettles investors with slower growth in Asia

Thu, 16/10/2014 - 14:47
VEVEY Switzerland (Reuters) - Nestle toned down expectations for full-year sales after slower third quarter growth showed the impact of softening demand in Asia and falling prices in Europe on the world's largest food company.

Euro zone back in firing line over growth, lowflation, Greece

Thu, 16/10/2014 - 14:42
PARIS (Reuters) - After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.

U.S. jobless claims fall to lowest level in 14 years

Thu, 16/10/2014 - 14:15
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell to a 14-year low last week, a positive signal that could counter doubts over whether the economy is shifting into a higher gear.

Monte dei Paschi leads euro bank falls as stress tests loom

Thu, 16/10/2014 - 14:00
MILAN/LONDON (Reuters) - Shares in Italy's third-biggest bank Monte dei Paschi di Siena slumped to an all-time low on Thursday, as fears it could fail European stress tests combined with a fraught global economic backdrop which weighed on the sector.

UK minister says Tata steel unit sale a commercial matter

Thu, 16/10/2014 - 13:58
LONDON (Reuters) - The British government, responding to concerns about possible job losses, said a possible sale by Tata Steel of a loss-making division of its European operations was a commercial decision for the two companies involved.

RBS CEO plans customer study on impact of rate rises

Thu, 16/10/2014 - 13:54
LONDON (Reuters) - Royal Bank of Scotland will talk to concerned customers ahead of a future rise in interest rates and release a study on findings to help ensure they don't get into financial difficulties, Chief Executive Ross McEwan said on Thursday.

FTSE heads for steepest two-day fall since 2011

Thu, 16/10/2014 - 13:39
LONDON (Reuters) - Top equity index was heading for its steepest two-day fall in three years on Thursday as investors stampeded out of global equities on concerns about an economic slowdown and political instability in Greece.