Newsroom

Singapore no home for luxury developers as cooling measures bite

Reuters UK Business News - Thu, 17/04/2014 - 22:03
SINGAPORE (Reuters) - Luxury property developers in Singapore are facing their worst sales outlook in six years as a raft of government measures to cool one of the world's most expensive real estate markets bite.






Global shares edge higher on U.S. data; dollar gains

Reuters UK Business News - Thu, 17/04/2014 - 21:18
NEW YORK (Reuters) - Global equity markets rose on Thursday, boosted by solid U.S. economic data and upbeat results from some U.S. companies, including General Electric, while the dollar rose after a joint call by major powers for an end to the fighting in Ukraine.






IBM's quarterly revenue sinks to 5-year low as hardware sales fall

Reuters UK Business News - Thu, 17/04/2014 - 21:02
(Reuters) - IBM Corp , the world's biggest technology services company, reported its lowest quarterly revenue in five years on Wednesday, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China.






BlackRock's quarterly profit climbs as investors pile into funds

Reuters UK Business News - Thu, 17/04/2014 - 20:40
NEW YORK (Reuters) - BlackRock Inc , the world's largest money manager, said on Thursday first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.






Hotel group Accor held back by problems in home market

Reuters UK Business News - Thu, 17/04/2014 - 19:00
PARIS (Reuters) - Europe's largest hotel group Accor said on Thursday that difficulties in its core French market that held back first-quarter revenue growth would remain in the second quarter.






IMF board signs off on latest Portugal review

Reuters UK Business News - Thu, 17/04/2014 - 18:45
WASHINGTON (Reuters) - The International Monetary Fund signed off on its latest review of Portugal's bailout on Thursday, and also extended the program until June to finish assessing the euro zone country's progress with getting its economy back on track.






U.S. judge declines to order 'park it now' notices for GM cars

Reuters UK Business News - Thu, 17/04/2014 - 18:43
(Reuters) - A federal judge on Thursday rejected a bid to compel General Motors Co to tell customers to stop driving millions of cars that have been recalled for defective ignition switches.






U.S. jobless claims, factory data put some shine on economy

Reuters UK Business News - Thu, 17/04/2014 - 18:40
WASHINGTON (Reuters) - New claims for jobless benefits hovered near their pre-recession levels last week and manufacturing in the Mid-Atlantic region accelerated in April, suggesting an upswing in economic activity after a brutally cold winter.






French government says wants top bankers to explain pay rises

Reuters UK Business News - Thu, 17/04/2014 - 18:36
PARIS (Reuters) - The French government will call a meeting with the country's top bankers over 2013 compensation rises awarded to their chief executives, Economy Minister Arnaud Montebourg said on Thursday.






BlackRock's quarterly profit jumps as investors pile into funds

Reuters UK Business News - Thu, 17/04/2014 - 18:28
NEW YORK (Reuters) - BlackRock Inc , the world's largest money manager, said on Thursday its first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.






For Goldman Sachs and Morgan Stanley, boring is beautiful

Reuters UK Business News - Thu, 17/04/2014 - 18:27
(Reuters) - Investment banks Morgan Stanley and Goldman Sachs Group Inc posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting.






Ex-BP employee settles SEC insider-trading oil spill case

Reuters UK Business News - Thu, 17/04/2014 - 18:20
WASHINGTON (Reuters) - A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 (133,349.21 pounds) to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday.

Ex-Goldman director Gupta to surrender June 17 in insider case

Reuters UK Business News - Thu, 17/04/2014 - 17:53
NEW YORK (Reuters) - Former Goldman Sachs Group Inc director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading.






Europe offsets U.S. setbacks for auto parts supplier Faurecia

Reuters UK Business News - Thu, 17/04/2014 - 17:33
PARIS (Reuters) - French auto parts supplier Faurecia posted first-quarter sales up 3.4 percent as a recovery in European demand more than made up for lost business in North America.






Co-op laments worst year after 2.5 billion pound loss

Reuters UK Business News - Thu, 17/04/2014 - 17:32
LONDON (Reuters) - Co-operative Group made a loss of 2.5 billion pounds in 2013, capping the worst 12 months in the mutual's 150-year history and ramming home the need for radical reform if it is to survive.






Fed bond buying twice as effective on growth as BoE's - research

Reuters UK Business News - Thu, 17/04/2014 - 17:20
LONDON (Reuters) - Bond purchases by the U.S. Federal Reserve have been twice as effective at boosting economic output as those by the Bank of England, research by a Bank policymaker showed on Thursday.






EU lawmakers smooth way for class actions against cartels

Reuters UK Business News - Thu, 17/04/2014 - 17:18
BRUSSELS (Reuters) - European lawmakers on Thursday eased the way for cartel victims to claim compensation from companies under new rules that also shield price-fixing whistleblowers from being the main target of million-euro lawsuits.

Did Europe misdiagnose debt crisis and make it worse?

Reuters UK Business News - Thu, 17/04/2014 - 17:09
BRUSSELS (Reuters) - At the height of the euro zone debt crisis, with Portugal's economy nearing collapse, the European Commission told the government in Lisbon that it had to slash wages if it was ever going to boost competitiveness and grow again.

Financials nudge FTSE to one-week closing high as U.S. earnings reassure

Reuters UK Business News - Thu, 17/04/2014 - 17:02
LONDON (Reuters) - Britain's top shares rose to a one-week closing high on Thursday after upbeat U.S. results from Morgan Stanley and Goldman Sachs drove up financials and allayed investor concerns about the current earnings season.






Exclusive: 'Leopard King' Cavalli nears 450 million euro sale to Permira - sources

Reuters UK Business News - Thu, 17/04/2014 - 16:49
LONDON (Reuters) - Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros (369 million pounds), four sources close to the deal told Reuters.






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