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Updated: 14 hours 14 min ago

China's easing may prop up stocks, but risks rewarding speculators

Sun, 28/06/2015 - 11:01
SHANGHAI (Reuters) - China's monetary easing at the weekend was aimed at stopping a stock market stampede, but has some economists worried that policy is being used to prop up an equity rally that was not based on fundamentals and has not done much economic good.






Slower China growth put pressure on government revenues - Finance Minister

Sun, 28/06/2015 - 09:57
BEIJING (Reuters) - China's economic slowdown has cut into fiscal revenues, making it harder for the central government to meet its full-year revenue target, Finance Minister Lou Jiwei was quoted as saying on Sunday.






'Nein Danke' - smaller German firms see U.S. trade deal as threat

Sun, 28/06/2015 - 09:53
BERLIN (Reuters) - Martina Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across the Atlantic.






China-backed multilateral bank to take concrete shape this week

Sun, 28/06/2015 - 09:49
SHANGHAI/BEIJING (Reuters) - One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing.






China regulators juggle IPOs with growth and a market plunge

Sun, 28/06/2015 - 06:08
SHANGHAI (Reuters) - A 20 percent fall in Chinese stocks over the past two weeks, mainly blamed on a flood of initial public offerings, highlights the risks that regulators face as they try to use the stock market to support the slowing economy.






China's May industrial profits edge up 0.6 percent on year

Sun, 28/06/2015 - 03:33
BEIJING (Reuters) - China's industrial profits edged up 0.6 percent in May from a year earlier, the National Bureau of Statistics said on Sunday, slowing from a 2.6 percent rise in April and adding to pressures on the government to step up policy stimulus to support growth.






Sydney's crazy housing market no mere craze

Sun, 28/06/2015 - 02:05
SYDNEY (Reuters) - Outlandish property prices make daily headlines in Sydney - a peeling 1900s three-bed with no kitchen sink for A$2.6 million (£1.26 million), a parking space in Kirribili for A$120,000 - and first-time buyers have little prospect of relief.






Integrated Latam bourses plan to allow IPOs in member's stock markets

Sat, 27/06/2015 - 20:53
MEXICO CITY (Reuters) - The Latin American Integrated Market, or MILA, which comprises the bourses of Chile, Colombia, Peru and Mexico, plans to start allowing companies to pursue initial public offerings in other member nation's stock markets, Mexico's finance minister said on Saturday.






Goldman Sachs eyes tilt to EU if UK backs 'Brexit' - paper

Sat, 27/06/2015 - 19:32
FRANKFURT (Reuters) - Goldman Sachs would shift resources towards locations in continental Europe and away from Britain should the country's voters choose to end the country's membership of the EU, a senior executive told the Frankfurter Allgemeine Sonntagszeitung.






Outgoing CDP chairman denies refusing to invest in Telecom Italia

Sat, 27/06/2015 - 16:34
MILAN (Reuters) - The outgoing chairman of Italian state lender Cassa Depositi e Prestiti (CDP) denied on Saturday he was losing his job due to a refusal to invest in Telecom Italia.






Big business on winning side in U.S. top court's major rulings

Sat, 27/06/2015 - 14:11
WASHINGTON (Reuters) - Big business was on the winning side in the U.S. Supreme Court's two major cases of the year, with hundreds of employers pushing hard in favour of gay marriage and the healthcare industry backing the insurance subsidies available under Obamacare.






China central bank eases policy again to support economy

Sat, 27/06/2015 - 14:06
BEIJING (Reuters) - China's central bank cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserves, stepping up efforts to support an economy that is headed for its poorest performance in a quarter century.






Greece's Tsipras calls referendum, top-level talks still on

Sat, 27/06/2015 - 13:21
ATHENS/BRUSSELS (Reuters) - Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to a popular vote.






IAG says Aer Lingus would continue to work with long-haul rivals - source

Fri, 26/06/2015 - 21:20
(Reuters) - Seeking to win approval for its proposed takeover of Aer Lingus , British Airways owner IAG has told EU officials the Irish carrier would maintain commercial deals with its rivals on long-haul flights via London, a source told Reuters.






FedEx says has requested EU approval for $4.9 billion TNT bid

Fri, 26/06/2015 - 18:42
BRUSSELS (Reuters) - FedEx has asked the European Union's competition regulator to approve its 4.4-billion-euro ($4.9 billion) bid for Dutch rival TNT Express , the U.S. package delivery service company.






Germany to raise spending until end of decade thanks to balanced budget - government sources

Fri, 26/06/2015 - 18:05
The German government plans to boost spending every year until 2019 despite refraining from net new borrowing as Europe's largest economy rides high on a tide of surging tax revenues, government officials said on Friday.






Qbasis gets $200 million-plus investment in 'black swan' hedge fund

Fri, 26/06/2015 - 17:33
LONDON (Reuters) - A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets.






European investors play hardball on risky leveraged loans

Fri, 26/06/2015 - 17:20
LONDON (Reuters) - Investors in Europe’s leveraged loan market are taking an increasingly hardline approach towards more tricky credits amid volatile macro conditions and a bulging pipeline of new deals.






Altice's Goei would buy KPN, but not in talks - Dutch paper

Fri, 26/06/2015 - 17:12
AMSTERDAM (Reuters) - European telecoms and cable group Altice would be interested in buying Dutch company KPN , its chief executive Dexter Goei was quoted in a Dutch newspaper as saying, but he added that the two companies were not in talks.






Carney says many financiers unaware of ethics

Fri, 26/06/2015 - 16:59
LONDON (Reuters) - Bank of England Governor Mark Carney said on Friday that many people working in finance are still unaware of the standards of conduct expected and the need for them to exceed that required by the letter of the law.






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