- Exclusive - Oil legend Andy Hall suffers first loss since 1990s
09/02 21:57 CET, By Barani Krishnan, Jonathan Leff and Braden Reddall NEW YORK (Reuters) – Andrew Hall, the legendary trader who rode oil’s rise and fall to a super-charged profit record for more…
- FCStone needs volume rise for moves to pay off
09/02 21:45 CET, By Josephine Mason (Reuters) – INTL FCStone needs trading volumes in global commodity markets to pick up in order to benefit from its customer base expansion following the…
U.S. bank regulators roll fines into mortgage pact09/02 21:28 CET, By Dave Clarke (Reuters) – The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totalling $766.5 million (484.3 million pound)…
- EU bank watchdog says recap plans won't hit economy
09/02 20:00 CET, By Huw Jones and Steve Slater LONDON (Reuters) – Most of the plans from 31 banks in the European Union to plug a 115 billion euro (96 billion pounds) capital hole include…
- Italy cruise lawsuits will force higher standards - lawyer
09/02 19:41 CET, By Philip Pullella ROME (Reuters) – Insurers stung by multi-million dollar claims over the Concordia shipwreck will demand higher safety standards from the cruise industry, a…
- Greek deal and U.S. optimism lift European shares
09/02 19:31 CET, By Atul Prakash LONDON (Reuters) – European shares climbed to end near six-month highs on Thursday after losses in the previous three sessions, with encouraging U.S. economic…
ECB opens door to indirect Greece aid09/02 19:10 CET, By Eva Kuehnen FRANKFURT (Reuters) – European Central Bank President Mario Draghi opened the door on Thursday to helping Athens indirectly after Greek politicians finally signed…
FTSE ends up on Greek deal hopes, BG09/02 18:39 CET, By Francesco Canepa LONDON (Reuters) – The FTSE closed modestly higher on Thursday, supported by oil and banking stocks after BG Group reported strong results and Greece moved…
Bank pumps more cash into economy09/02 18:37 CET, By Sven Egenter and David Milliken LONDON (Reuters) – The Bank of England set the money press rolling again on Thursday, saying it will pump another 50 billion pounds into the…
- Bank pumps more cash into economy to shore up recovery
09/02 18:36 CET, By Sven Egenter and David Milliken LONDON (Reuters) – The Bank of England set the money press rolling again on Thursday, saying it will pump another 50 billion pounds into the…
- Bank pumps more cash into economy to shore up recovery
09/02 18:23 CET, By Sven Egenter and David Milliken LONDON (Reuters) – The Bank of England set the money press rolling again on Thursday, saying it will pump another 50 billion pounds into the…
Pressure mounts on banks to shed bad property loans09/02 18:18 CET, By Tom Bill LONDON (Reuters) – Europe’s banks face growing pressure to offload bad property debt as the economic outlook worsens, capital rules get tougher and private equity…
Exclusive - Fee rise row could hurt London Metal Exchange value09/02 18:15 CET, By Susan Thomas and Saeed Azhar LONDON/SINGAPORE (Reuters) – A row over the London Metal Exchange’s (LME) plans to raise revenues with a new fee could deter potential bidders for…
MF Global judge to examine insurance for ex-execs09/02 18:01 CET, By Jonathan Stempel (Reuters) – The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million (119 million…
- ECB opens door to indirect Greece aid
09/02 17:44 CET, By Eva Kuehnen FRANKFURT (Reuters) – European Central Bank President Mario Draghi opened the door on Thursday to helping Athens indirectly after Greek politicians finally signed…
India's Tata Steel posts first quarterly loss in 2 years09/02 17:04 CET, By Prashant Mehra MUMBAI (Reuters) – India’s Tata Steel , the world’s No.7 steelmaker, posted an unexpected quarterly loss, its first in more than two years, as higher raw…
- Diageo sees emerging growth offsetting Europe
09/02 16:31 CET, By David Jones LONDON (Reuters) – Diageo , the world’s biggest spirits group, said strongly growing emerging markets and a slow recovery in North America helped to offset…
Xstrata boss faces pressure for better deal09/02 16:08 CET, By Sinead Cruise and Victoria Howley LONDON (Reuters) – Xstrata Chief Executive Mick Davis is facing growing pressure from shareholders to secure a better deal in the miner’s $41…
- ECB holds rates, refuses to show hand on Greece
09/02 15:18 CET, By Eva Kuehnen FRANKFURT (Reuters) – The European Central Bank held interest rates at a record low on Thursday, seeing tentative signs of economic stabilisation, but refused to…
Hermes confident as luxury sales jump09/02 14:53 CET, By Pascale Denis and James Regan PARIS (Reuters) – French luxury group Hermes , maker of 10,000 euro (9,000 pound) leather bags and 1 million euro crocodile leather jackets…
Deutsche Bank readies investment bank, regions revamp - sources09/02 14:46 CET, By Edward Taylor and Philipp Halstrick FRANKFURT (Reuters) – Senior executives at Deutsche Bank are jostling for position as the German lender prepares to appoint leaders for…
Rio Tinto swings to loss after aluminium writeoff09/02 14:25 CET, By Eric Onstad and Sonali Paul LONDON/MELBOURNE (Reuters) – Global miner Rio Tinto took an $8.9 billion (5.6 billion pounds) charge on its struggling aluminium business on…
- Bank pumps more cash into economy to shore up recovery
09/02 14:17 CET, By Sven Egenter and David Milliken LONDON (Reuters) – The Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from…
Absymal investment bank tips C.Suisse to Q4 loss09/02 14:15 CET, By Katharina Bart ZURICH (Reuters) – Credit Suisse posted a surprise fourth-quarter net loss as business at its investment bank slumped and it took almost 1 billion Swiss francs…
- ECB holds rates, facing grilling on Greece
09/02 13:59 CET, By Sakari Suoninen FRANKFURT (Reuters) – The European Central Bank left interest rates unchanged on Thursday and financial markets’ attention will now shift to whether the bank…
Thomson Reuters posts loss, $3 billion goodwill charge09/02 13:57 CET, By Jennifer Saba NEW YORK (Reuters) – Thomson Reuters Corp reported a fourth-quarter loss on Thursday after taking a $3 billion (1 billion pounds) non-cash goodwill impairment…
- Bank injects £50 billion more to support recovery
09/02 13:41 CET, LONDON (Reuters) – The Bank of England voted to inject another 50 billion pounds into the financial system as part of its efforts to shore up a fragile recovery in the economy…
- FTSE steady, Bank move priced in
09/02 13:30 CET, By Francesco Canepa LONDON (Reuters) – The FTSE was steady at midday, with corporate earnings still the main focus of the day after the Bank of England’s announcement on interest…
- Banks, energy lift FTSE ahead of rate decisions
09/02 13:28 CET, By Jon Hopkins LONDON (Reuters) – Banks and energy stocks pushed the FTSE share index higher on Thursday, with gas company BG helped by earnings figures as the market awaited…
- Bank injects £50 billion more to support recovery
09/02 13:07 CET, LONDON (Reuters) – The Bank of England voted to inject another 50 billion pounds into the financial system as part of its efforts to shore up a fragile recovery in the economy…
- Banks, energy lift FTSE ahead of rate decisions
09/02 13:01 CET, By Jon Hopkins LONDON (Reuters) – Banks and energy stocks pushed Britain’s leading share index higher on Thursday, with gas company BG helped by earnings figures as the market…
Vodafone hit by weak southern Europe09/02 12:26 CET, By Kate Holton LONDON (Reuters) – Vodafone, the world’s largest mobile phone operator, missed quarterly revenue forecasts on Thursday as increasingly tough trading in Spain and…
Rolls-Royce profit soars on civil aero demand09/02 11:53 CET, By Rhys Jones LONDON (Reuters) – Enginemaker Rolls-Royce met forecasts with a 21 percent rise in full-year profit, boosted by continued demand from airlines for more…
- Credit Suisse slumps to Q4 loss
09/02 11:17 CET, By Katharina Bart ZURICH (Reuters) – Credit Suisse posted a surprise fourth-quarter net loss as its investment bank struggled and it took almost 1 billion Swiss francs (694.4…
Insight - Poland's shale gas play takes on Russian power09/02 11:07 CET, By Michael Kahn, Braden Reddall and Gabriela Baczynska LESNIOWICE, Poland (Reuters) – When Wieslaw Radzieciak took office as the mayor of Lesniowice in the gently-rolling…
Industrial output rebounds, dampens recession fears09/02 10:51 CET, LONDON (Reuters) – British industrial output recovered more than forecast in December as manufacturers ramped up production, further dampening fears of recession. The rebound…
- Diageo sees emerging growth offsetting Europe
09/02 10:41 CET, By David Jones LONDON (Reuters) – Diageo , the world’s biggest spirits group, said strongly growing emerging markets and a slow recovery in North America helped to offset…
- Oils pull FTSE higher on BG results; miners down
09/02 10:38 CET, LONDON (Reuters) – The top shares index moved higher on Thursday influenced by a big batch of blue chip results, with energy issues the top gainers after strong results from …
Vodafone hit by weak southern Europe09/02 10:37 CET, By Kate Holton LONDON (Reuters) – Vodafone, the world’s largest mobile phone operator, missed quarterly revenue forecasts on Thursday as increasingly tough trading in Spain and…
Industrial output rebounds, dampens recession fears09/02 10:36 CET, LONDON (Reuters) – British industrial output recovered more than forecast in December as manufacturers ramped up production, further dampening fears of recession. The rebound…
Industrial output rebounds, dampens recession fears09/02 10:32 CET, LONDON (Reuters) – British industrial output recovered more than forecast in December as manufacturers ramped up production, further dampening fears of recession. The rebound…
Vodafone hit by weak southern Europe09/02 10:28 CET, By Kate Holton LONDON (Reuters) – Vodafone, the world’s largest mobile phone operator, missed quarterly revenue forecasts on Thursday as increasingly tough trading in Spain and…
- ECB to face Greece questions, hold rates
09/02 09:39 CET, By Sakari Suoninen FRANKFURT (Reuters) – All eyes will be on what the European Central Bank is willing to do to help Greece when it holds its monthly policy meeting on Thursday…
- Diageo sees emerging growth offsetting Europe
09/02 09:27 CET, By David Jones LONDON (Reuters) – Diageo , the world’s biggest spirits group, said strongly growing emerging markets and a slow recovery in North America helped to offset…
- Diageo sees emerging growth offsetting Europe
09/02 09:26 CET, By David Jones LONDON (Reuters) – Diageo , the world’s biggest spirits group, said strongly growing emerging markets and a slow recovery in North America helped to offset…
- Fear not the "Glenstrata" giant, say coal customers
09/02 09:17 CET, By Jacqueline Cowhig LONDON (Reuters) – Big coal buyers should not fear the merger of miner Xstrata and trader Glencore into a dominant trading force, say customers who already…
- Credit Suisse slumps to Q4 loss
09/02 09:16 CET, By Katharina Bart ZURICH (Reuters) – Credit Suisse posted a surprise fourth-quarter net loss after taking almost 1 billion Swiss francs $1.1 billion (695.0 million pounds) of…
- Rio Tinto dividend surprise masks aluminium hit
09/02 09:08 CET, By Sonali Paul MELBOURNE (Reuters) – Global miner Rio Tinto hiked its dividend by a third and said it was confident about its long-term outlook despite reporting a drop in…
- Rio Tinto dividend surprise masks aluminium hit
09/02 09:02 CET, MELBOURNE (Reuters) – Global miner Rio Tinto reported a 6 percent drop in underlying second-half profits and took a $9.3 billion charge mainly against its aluminium business, but…
Vodafone Q3 results hit by weak southern Europe09/02 08:26 CET, LONDON (Reuters) – Vodafone posted third quarter results slightly below forecasts on Thursday as increasingly tough trading in Spain and Italy overshadowed solid performances in…
- Rolls-Royce profit up 21 percent, positive on 2012
09/02 08:25 CET, LONDON (Reuters) – Aero enginemaker Rolls-Royce posted a 21 percent rise in full-year profit, and said it expects to deliver further growth in 2012, helped by its record order…
- Diageo upbeat as emerging growth offsets Europe
09/02 08:22 CET, LONDON (Reuters) – Diageo , the world’s biggest spirits group, delivered an upbeat message on Thursday with strongly growing emerging markets and a slow recovery in North America…
Vodafone Q3 results hit by weak southern Europe09/02 08:13 CET, LONDON (Reuters) – Vodafone posted third quarter results slightly below forecasts on Thursday as increasingly tough trading in Spain and Italy overshadowed solid performances in…
- FTSE seen opening higher
09/02 07:49 CET, LONDON (Reuters) – The FTSE 100 index is seen notching up modest gains on Thursday, recouping the previous session’s falls, as Greece edges nearer to getting its debt crisis…
Rio Tinto dividend surprise masks aluminium hit09/02 07:47 CET, MELBOURNE (Reuters) – Global miner Rio Tinto reported a 6 percent drop in underlying second-half profits and took a $9.3 billion (5.8 billion pounds) charge mainly against its…
- Credit Suisse swings to Q4 loss; flags good 2012 start
09/02 07:29 CET, By Katharina Bart ZURICH (Reuters) – Credit Suisse posted a fourth-quarter net loss after taking almost 1 billion Swiss francs (675.5 million pounds) of charges to speed cost…
China inflation spike pricks policy easing expectations09/02 06:10 CET, By Kevin Yao and Nick Edwards BEIJING (Reuters) – China’s annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New…
Qantas, Korean Air check A380s for wing cracks09/02 05:29 CET, By Narayanan Somasundaram and Ju-min Park SYDNEY/SEOUL (Reuters) – Qantas Airways and Korean Air will carry out inspections for wing cracks on their Airbus A380 superjumbo planes…
- Qantas, Korean Air check A380s for wing cracks
09/02 05:23 CET, By Narayanan Somasundaram and Ju-min Park SYDNEY/SEOUL (Reuters) – Qantas Airways and Korean Air will carry out inspections for wing cracks on their Airbus A380 superjumbo planes…
- Traders fired, suspended over LIBOR probe - FT
09/02 03:31 CET, (Reuters) – More than a dozen traders and brokers in London and Asia have been fired, suspended or put on leave by their employers as part of a probe into the alleged manipulation…
- Groupon disclosure, growth concerns hit stock
09/02 03:08 CET, By Alistair Barr and Gerry Shih (Reuters) – Groupon Inc shares slumped Wednesday as the daily deal company’s first quarterly results since it went public stoked concern about…
Bank set for more stimulus to shore up recovery09/02 01:12 CET, LONDON (Reuters) – The Bank of England looks set to inject more cash into the economy to shore up a stuttering recovery, despite signs that the country may have avoided slipping…
- Fees, poor choices corroding pension pots - study
09/02 01:02 CET, By Anjuli Davies LONDON (Reuters) – Failure to shop around for pension and annuity deals will deprive some Britons of up to a quarter of the income they could have secured in…
- News Corp profit up but hacking costs uncertain
09/02 00:58 CET, By Yinka Adegoke (Reuters) – Rupert Murdoch’s News Corp beat Wall Street profit forecasts on Wednesday on the performance of its cable and movie units but warned the cost of the…
- Groupon loss, weak sales clobber shares
08/02 23:36 CET, By Alistair Barr (Reuters) – Groupon Inc reported a loss on Wednesday as user growth slowed from the breakneck pace of past quarters, potentially signalling consumer fatigue…
FTSE ends lower on Greek risk08/02 19:00 CET, By Francesco Canepa LONDON (Reuters) – The blue chips closed a touch lower on Wednesday as investors awaited more clarity on a Greek debt deal. Greek party leaders gathered on…
- Misys CEO departure cuts chance of rival deal
08/02 18:41 CET, By Paul Sandle LONDON (Reuters) – Chief Executive Mike Lawrie’s decision to leave Misys at the end of March has reduced the chance of a rival bid derailing the software maker’s…
Glencore-Xstrata deal unsettles Swiss left wing08/02 18:23 CET, By Caroline Copley ZURICH (Reuters) – Financial haven Switzerland risks a fresh hit to its reputation from the proposed mega-merger between opaque commodities giants Glencore and…
- Greek debt not sustainable with 70 percent haircut - S&P
08/02 17:55 CET, NEW YORK (Reuters) – Greece will likely not achieve sustainable debt levels with a 70 percent reduction in the value of bonds held by its private creditors, Standard & Poor’s…
LME says self-clearing arm set for 2014 launch08/02 16:43 CET, By Harpreet Bhal LONDON (Reuters) – The London Metal Exchange (LME) is on track to launch its own clearing arm by the first quarter of 2014 and will look into financing the…
Airbus A380 wing checks extended to entire fleet08/02 16:42 CET, By Tim Hepher and Laurence Frost KUALA LUMPUR/PARIS (Reuters) – European air safety officials extended checks for Airbus A380 wing cracks to the entire superjumbo fleet on…
- Barclays former Russian unit switched to original name
08/02 16:34 CET, MOSCOW (Reuters) – The former Russian retail business of British bank Barclays , which was sold to local banker Igor Kim last year, has switched to its original name of Expobank…
- Inmarsat has not received bid approaches - source
08/02 16:10 CET, By Paul Sandle and A. Ananthalakshmi LONDON/BANGALORE (Reuters) – British satellite operator Inmarsat has not received any takeover approaches, a source close to the company…
Hungary faces $3.6 billion airport bill over Malev - government08/02 16:07 CET, BUDAPEST (Reuters) – Hungary could face a compensation bill for up to 800 billion forints (2.30 billion pounds) from Germany’s Hochtief , operator of Budapest’s international…
- Thomas Cook says holds market share vs rival TUI
08/02 16:04 CET, By Matt Scuffham LONDON (Reuters) – Struggling holiday firm Thomas Cook said it was holding on to market share in Britain, dismissing claims by TUI Travel that it had benefited…
KBC, Santander near Polish Kredyt Bank deal - sources08/02 15:59 CET, By Adrian Krajewski and Pawel Bernat WARSAW (Reuters) – Belgian bancassurance group KBC is close to finalising long-running discussions to sell Polish lender Kredyt Bank to…
- Misys CEO departure cuts chance of rival deal
08/02 15:34 CET, By Paul Sandle LONDON (Reuters) – Misys’ chief executive Mike Lawrie’s move to a new job has reduced the chance of a rival bid derailing the software maker’s takeover of Swiss…
- Banks boost FTSE as Greek debt deal draws near
08/02 15:12 CET, By Tricia Wright LONDON (Reuters) – The top shares nosed higher on Wednesday, helped by a boost for banks from bullish analysts and investor optimism that a Greek debt deal was…
- Reckitt looks for emerging growth as Europe stalls
08/02 15:07 CET, By David Jones LONDON (Reuters) – British consumer goods group Reckitt Benckiser is to launch a major sales push into fast-growing emerging markets with a focus on health and…
- Airbus A380 wing checks extended - sources
08/02 15:03 CET, By Tim Hepher KUALA LUMPUR (Reuters) – European air safety officials are preparing to extend checks for Airbus A380 wing cracks to the entire superjumbo fleet, sources close to…
Sanofi profit faces 15% hit from cheap drug copies08/02 14:18 CET, By Elena Berton PARIS (Reuters) – French drugmaker Sanofi said on Wednesday that its earnings could drop by up to 15 percent this year as top-selling drugs previously protected…
BOJ inclined to stay put, but may debate action post - Fed08/02 13:55 CET, By Leika Kihara TOKYO (Reuters) – Pressure is mounting on the Bank of Japan to respond with action to the Fed’s historic step of setting an inflation target and its extended…
- IMF sees "conservative" Qatar budget next FY
08/02 13:20 CET, By Martina Fuchs and Martin Dokoupil DUBAI (Reuters) – Qatar is expected to set a “conservative” government budget in the next fiscal year beginning in April, and has not…
Airbus A380 wing checks extended - sources08/02 12:50 CET, By Tim Hepher KUALA LUMPUR (Reuters) – European air safety officials are preparing to extend checks for Airbus A380 wing cracks to the entire superjumbo fleet, sources close to…
UK banks to see weak loan growth in 2012 - Citigroup08/02 12:19 CET, (Reuters) – UK banks could see weak loan growth in 2012 as households and corporates cut debt levels amid a tough economic environment and regulators press them to raise capital…
UK banks to see weak loan growth in 2012 - Citigroup08/02 12:19 CET, (Reuters) – UK banks could see weak loan growth in 2012 as households and corporates cut debt levels amid a tough economic environment and regulators press them to raise capital…
Insight - The dark side of Germany's jobs miracle08/02 11:58 CET, By Sarah Marsh and Holger Hansen STRALSUND, Germany (Reuters) – Anja has been scrubbing floors and washing dishes for two euros an hour over the past six years. She is…
Roche digs in for long fight for Illumina08/02 11:46 CET, By Katie Reid ZURICH (Reuters) – Swiss drugmaker Roche is digging in for a long fight after gene sequencing company Illumina rejected its $5.7 billion (3.5 billion pounds)…
Europe to extend Airbus A380 checks - sources08/02 11:21 CET, By Tim Hepher KUALA LUMPUR (Reuters) – European air safety officials are preparing to extend checks for Airbus A380 wing cracks to the entire superjumbo fleet, sources close to…
Nokia says to cut 4,000 more jobs08/02 11:19 CET, By Tarmo Virki, European Technology Correspondent HELSINKI (Reuters) – Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and…
- Banks and miners lift FTSE amid Greek waiting game
08/02 11:09 CET, By David Brett LONDON (Reuters) – The top share index rose in early deals with miners led up by metal prices and banks rallying as Citigroup kept its bullish stance on the…
Monti says reforms to shield Italy from Greek risk - TV08/02 10:57 CET, MILAN (Reuters) – Italian Prime Minister Mario Monti is confident reforms undertaken by his country over the last few months will help soften any blow from an unruly default by…
Thomas Cook says not losing holidaymakers to TUI08/02 10:55 CET, By Matt Scuffham LONDON (Reuters) – Holidays firm Thomas Cook said on Wednesday it was managing to hold onto market share, rebuffing claims by TUI Travel that it has been…
Exclusive - Trafigura deals in disputed Sudanese oil08/02 10:50 CET, By Emma Farge GENEVA (Reuters) – Swiss-based commodities trader Trafigura has bought oil which the South Sudanese government claims was seized by Sudan, its northern neighbour…
- Monti says reforms to shield Italy from Greek risk-radio
08/02 10:47 CET, MILAN (Reuters) – Italian Prime Minister Mario Monti is confident reforms undertaken by his country over the last few months will help soften any blow from an unruly default by…
British Airways, JAL plan joint business08/02 10:04 CET, LONDON (Reuters) – British Airways and Japan Airlines (JAL) have agreed a revenue-sharing deal for flights between Europe and Japan, potentially giving their oneworld alliance…
- Virgin Media Q4 gets TiVo, broadband boost
08/02 09:54 CET, By Kate Holton LONDON (Reuters) – British cable operator Virgin Media beat expectations for its fourth quarter, after customers snapped up the combination of its new TV service…
- Virgin Media Q4 gets TiVo, broadband boost
08/02 09:52 CET, By Kate Holton LONDON (Reuters) – British cable operator Virgin Media beat expectations for its fourth quarter, after customers snapped up the combination of its new TV service…
- Nokia says to cut 4,000 more jobs
08/02 09:40 CET, HELSINKI (Reuters) – Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone…
- RBS CEO briefly considered quitting over bonus row
08/02 09:37 CET, LONDON (Reuters) – Royal Bank of Scotland Chief Executive Stephen Hester briefly considered resigning due to a political row over his bonus payment but decided against it as doing…
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