Eurozone inflation picked up in April but still fell short of forecasts against a background of concerns deflation could derail a very modest recovery, official data showed Wednesday.
Europe’s battered financial sector is showing further signs of healing and conditions for bank loans are stabilising while demand for loans is picking up, a key ECB survey showed Wednesday.
8211; The International Monetary Fund’s board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the former Soviet republic’s economy recover after months of upheaval as it…
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SAN FRANCISCO, CA – Attendees work on computers at the Facebook f8 conference on April 30, 2014 in San Francisco, California. Facebook CEO Mark Zuckerberg kicked off the annual one-day F8 developers conference.
European banks must show they can survive simultaneous routs in bonds, property and stocks in the toughest test to date by regulators aiming to restore confidence in an industry that had to be rescued by taxpayers in the financial crisis.
8211; Russia’s top natural gas producer Gazprom said on Tuesday that any expansion of the Western-imposed sanctions over Moscow’s actions in Ukraine could lead to adverse consequences for its business and shares. Gazprom…
The annual inflation rate in Europe’s largest economy probably picked up in April, potentially raising the euro zone figure and reducing pressure on the European Central Bank to act, data suggested on Tuesday.
8211; Aquarius Platinum Ltd, the world’s fourth-largest platinum miner, reported a fall in quarterly revenue and core operational earnings as a prolonged strike in South Africa’s platinum belt failed to push up…
As General Electric tries to convince French leaders to back its offer to rescue engineering firm Alstom, it hopes that three letters will convince them of its good will: CFM.
8211; British engineering company Bodycote Plc said first-quarter revenue fell 2.2 percent in the face of a stronger sterling and defence budget cuts. Shares in Bodycote, which heat-treats jet engine turbine blades and…
Swedish drugmaker Meda rejected an improved takeover offer from U.S generics firm Mylan which one person familiar with the matter said valued Meda at around $9 billion including debt, driving its shares sharply back down.
The U.S Federal Reserve on Monday said Bank of America had to redo a capital plan it had submitted as part of the Fed’s annual stress tests, and that it told the bank to suspend any raises in shareholder capital distribution.
REUTERS – Viom Networks Ltd, an Indian phone tower operator majority owned by the Tata Group, is looking to raise funds either through a stake sale or an overseas listing that could raise up to…
The United States on Monday imposed sanctions against seven Russian government officials and 17 companies linked to Russian President Vladimir Putin in its latest action to punish Moscow for its intervention in Ukraine.
8211; Alibaba Group Holding Ltd and a private equity firm co-founded by its executive chairman Jack Ma have agreed to buy a $1.22 billion stake in Youku Tudou Inc, as China’s ecommerce…
France said it would defend jobs and its national interest as it met suitors for engineering group Alstom on Monday, suggesting Germany’s Siemens may have an edge over U.S giant General Electric .
Premier Oil has rejected two secret bid approaches from Ophir Energy, which wants to forge a 3 billion pounds ($5 billion) combined oil exploration group, a person with knowledge of the matter said on Sunday.
US policymakers have the chance this week to give clearer guidance on the future path of interest rates and settle markets that are uncertain over how and when a hike would occur.
Funds that invest in a range of hedge funds are facing a battle to win new business, as the same consultants they court to win money from pension firms are grabbing a chunk of an industry that was already struggling to grow.
Malaysian Prime Minister Najib Razak said on Sunday that he and U.S President Barack Obama had agreed to upgrade bilateral relations but suggested that his country remains far from ready to sign a U.S
Fears of euro zone deflation, emerging markets turmoil and a determination not to repeat past mistakes mean European regulators are likely to come up with the toughest set of tests for the region’s banks that they have ever faced.
Wary of brokers who make their money by “riding the calendar” of new stock and bond issues rather than patiently building the firm’s wealth management business, Morgan Stanley is cracking down where it hurts the most: compensation.
Germany’s Siemens will sell a majority stake in its VAI Metals Technologies unit to Japan’s Mitsubishi Heavy Industries, an Austrian newspaper reported on Saturday citing industry experts.
China aims to start building more than 7 million units of public housing this year, the Ministry of Housing and Urban.
BEIJING, (Reuters) – China will expand a trial programme to make it simpler for multi-national firms to transfer funds within and outside the country, in a move that will further open its tightly controlled capital…
General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France’s economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said.
The U.S government on Friday filed criminal and civil charges accusing a former executive of insider trading in advance of eBay Inc’s