Newsroom

China home price inflation cools to 8-month low in March

Reuters UK Business News - Fri, 18/04/2014 - 04:38
BEIJING (Reuters) - China's home price inflation slowed to an eight-month low in March, extending to a third month a loss of momentum in a property market that has been a strong spot in the world's second-largest economy.






Mt. Gox suitors seek support to save bitcoin exchange

Reuters UK Business News - Fri, 18/04/2014 - 01:23
(Reuters) - A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets.






Analysis - Weibo debut highlights complicated dance with Chinese censors

Reuters UK Business News - Fri, 18/04/2014 - 00:33
SAN FRANCISCO/HONG KONG (Reuters) - Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.






Mt. Gox suitors seek creditor support to save bitcoin exchange

Reuters UK Business News - Thu, 17/04/2014 - 23:52
(Reuters) - A group of investors, which is seeking to buy Mt. Gox, has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets.






Ford, IBM to face renewed U.S. lawsuit over apartheid-era abuses

Reuters UK Business News - Thu, 17/04/2014 - 22:42
NEW YORK (Reuters) - Ford Motor Co and IBM Corp will again have to face a U.S. lawsuit claiming they encouraged race-based human rights abuses in apartheid-era South Africa, despite a series of recent court decisions limiting the right to pursue such cases.






Ex-Goldman director Gupta starts prison term on June 17

Reuters UK Business News - Thu, 17/04/2014 - 22:26
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.






Exclusive - GM says recalled cars safe, but has not tested for knee-bump danger

Reuters UK Business News - Thu, 17/04/2014 - 22:23
WASHINGTON (Reuters) - General Motors says that cars being recalled because of faulty ignition switches can be driven safely before repairs, based on more than 80 tests, but the automaker has not addressed a problem long known to potentially shut off the engine: a simple bump from a driver's knee.






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.






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