EU opens door to 'debt relief' for north … Roddy Thomson - AFP - 9 hours agoEuropean governments have opened the way for a radical offer of "debt relief" for Arab north African and Middle Eastern neighbours, EU and governmental sources told … More »EU opens door to 'debt relief' for north …
European governments have opened the way for a radical offer of "debt relief" for Arab north African and Middle Eastern neighbours, EU and governmental sources told AFP.
- Edinburgh Woollen Mill buys most of … Reuters - 16 hours ago
LONDON (Reuters) - Clothing retailer Edinburgh Woollen Mill is to acquire two thirds of discount clothing retailer Peacocks stores, in a deal which will see 6,000 jobs … More »Edinburgh Woollen Mill buys most of …
LONDON (Reuters) - Clothing retailer Edinburgh Woollen Mill is to acquire two thirds of discount clothing retailer Peacocks stores, in a deal which will see 6,000 jobs saved, Peacocks' administrators KPMG said on Wednesday. The administrators said in a statement that Edinburgh Woollen Mill agreed to buy 388 stores from …
IMF participation in Greek rescue ' … AFP - AFP - 11 hours agoAn International Monetary Fund official said the Fund's participation in the second Greek bailout is essential to make it work. More »IMF participation in Greek rescue ' …
An International Monetary Fund official said the Fund's participation in the second Greek bailout is essential to make it work.
PayPal gets new rival in offline payments … Alistair Barr - Reuters - 6 hours agoSAN FRANCISCO (Reuters) - PayPal, the online payments company owned by eBay Inc, just got a new rival in the race to develop a mobile payment service that can be used … More »PayPal gets new rival in offline payments …
SAN FRANCISCO (Reuters) - PayPal, the online payments company owned by eBay Inc, just got a new rival in the race to develop a mobile payment service that can be used in physical stores. Boku Inc, a big online mobile payments company backed by venture capital firms including Andreessen Horowitz and Benchmark Capital, unveiled …
Europe's banks bleed from Greek debt … Steve Slater and Lionel Laurent - Reuters - 1 hour 4 minutes agoLONDON/PARIS (Reuters) - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would … More »Europe's banks bleed from Greek debt …
LONDON/PARIS (Reuters) - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would continue to threaten earnings. From France to Germany, Britain to Belgium, some of the region's biggest banks lined up to reveal billions of euros lost …
Credit Agricole posts record 3 billion … Lionel Laurent and Matthieu Protard - Reuters - 4 hours agoPARIS (Reuters) - French bank Credit Agricole posted a record 3.07 billion euro (2.58 billion pound) quarterly net loss on Thursday, performing worse than expected due … More »Credit Agricole posts record 3 billion …
PARIS (Reuters) - French bank Credit Agricole posted a record 3.07 billion euro (2.58 billion pound) quarterly net loss on Thursday, performing worse than expected due to the cost of shrinking its balance sheet and losses on Greek debt. The semi-cooperative bank, which is under new management and trying to return to its …
Euro zone's economy to shrink in 2012, … Robin Emmott and Julien Toyer - Reuters - 1 hour 50 minutes agoBRUSSELS (Reuters) - The euro zone economy is heading into its second recession in just three years and the wider European Union will stagnate, the EU's executive said … More »Euro zone's economy to shrink in 2012, …
BRUSSELS (Reuters) - The euro zone economy is heading into its second recession in just three years and the wider European Union will stagnate, the EU's executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt. The European Commission forecast that economic output in the 17 nations …
- Osborne welcomes cut in RBS bonuses Reuters - 1 hour 5 minutes ago
LONDON (Reuters) - Chancellor George Osborne said he supported steps by the state-owned Royal Bank of Scotland to cut bonus payouts for its staff in its investment banking … More »Osborne welcomes cut in RBS bonuses
LONDON (Reuters) - Chancellor George Osborne said he supported steps by the state-owned Royal Bank of Scotland to cut bonus payouts for its staff in its investment banking arm, and praised managers for helping to turn round the bank's fortunes. RBS, 82 percent owned by the government after a state bailout during the 2008 …
Markets ease as focus moves to growth, … Chikako Mogi - Reuters - 6 hours agoTOKYO (Reuters) - Asian shares and the euro fell on Thursday on concerns about global growth driven by higher oil prices and data showing the euro zone may slip into … More »Markets ease as focus moves to growth, …
TOKYO (Reuters) - Asian shares and the euro fell on Thursday on concerns about global growth driven by higher oil prices and data showing the euro zone may slip into recession, fanning fresh worries about Greece's debt restructuring challenges. MSCI's broadest index of Asia Pacific shares outside Japan slid 0.6 percent, …
Double-dip recession setting in across … Roddy Thomson - AFP - 2 hours 2 minutes agoThe debt crisis will drag the eurozone into a long-warned double-dip recession this year, pulling down most neighbouring non-euro economies in its wake, the EU said … More »Double-dip recession setting in across …
The debt crisis will drag the eurozone into a long-warned double-dip recession this year, pulling down most neighbouring non-euro economies in its wake, the EU said Thursday.
EasyJet investors vote in favour of … Rhys Jones - Reuters - 1 hour 35 minutes agoLONDON (Reuters) - EasyJet Plc's shareholders voted overwhelmingly in favour of a motion to award its top executives a multi-million pound pay package, dealing a blow … More »EasyJet investors vote in favour of …
LONDON (Reuters) - EasyJet Plc's shareholders voted overwhelmingly in favour of a motion to award its top executives a multi-million pound pay package, dealing a blow to the airline's founder and largest shareholder Stelios Haji-Ioannou who opposed the pay deal. At its annual shareholder meeting on Thursday some 97 percent …
HSBC pulls out of retail banking in … Reuters - 8 hours agoTOKYO (Reuters) - HSBC on Thursday said it will pull out of the retail banking business in Japan, including the HSBC Premier service meant for clients who hold more than … More »HSBC pulls out of retail banking in …
TOKYO (Reuters) - HSBC on Thursday said it will pull out of the retail banking business in Japan, including the HSBC Premier service meant for clients who hold more than 10 million yen (79,405.57 pound) in financial assets. The latest move by Europe's biggest bank follows its retreat from Japan's top-tier private banking …
Swiss Re net profits up sharply to … AFP - AFP - 6 hours agoReinsurance giant Swiss Re shrugged off natural disasters to report net profits of $2.6 billion for 2011 on Thursday, up sharply from the $863 million recorded the previous … More »Swiss Re net profits up sharply to …
Reinsurance giant Swiss Re shrugged off natural disasters to report net profits of $2.6 billion for 2011 on Thursday, up sharply from the $863 million recorded the previous year and higher than analysts had expected.
China to boost use of rare earths in … AFP - AFP - 4 hours agoChina has called for greater use of rare earths for its own domestic manufacturing, as Beijing seeks to limit exports of the sought-after resources vital for everything … More »China to boost use of rare earths in …
China has called for greater use of rare earths for its own domestic manufacturing, as Beijing seeks to limit exports of the sought-after resources vital for everything from iPods to missiles.
FTSE rises as earnings, balance sheets … Toni Vorobyova - Reuters - 1 hour 31 minutes agoLONDON (Reuters) - The leading share index pushed higher on Thursday, with investors cheering shoots of improvement in bluechip earnings and balance sheets, as well as … More »FTSE rises as earnings, balance sheets …
LONDON (Reuters) - The leading share index pushed higher on Thursday, with investors cheering shoots of improvement in bluechip earnings and balance sheets, as well as in European economic growth. Banking stocks led the rally after Royal Bank of Scotland reported an in-line loss, reassuring investors used to bad news from …
LONDON (Reuters) - The newly appointed managing director of Argos, the catalogue and store chain, said he has been given a free rein to examine all options for the struggling business, including closing some of its 750 shops. John Walden, a 52-year-old American who started … More »New Argos boss has free rein for change
