Russian President Vladimir Putin has denied suggestions he stole a special Super Bowl ring from New England Patriots owner Robert Kraft. More »Putin Denies Stealing Kraft's Super Bowl Ring
MADRID (Reuters) - Spain's latest overhaul of its dysfunctional energy sector, due this month, will inflict pain on renewable power companies and utilities and force losses on banks and investors. Reform ... More »Spain's power industry overhaul to hit companies, banks
MUMBAI (Reuters) - Larsen & Toubro Ltd (LART.NS) is competing for defence contracts worth up to 80 billion rupees that will be awarded in the next few months, M. V. Kotwal, president of the company's heavy ... More »L&T eyeing defence orders worth up to $1.4 billion
ISTANBUL (Reuters) - Turkish assets fell on Monday after fresh clashes between police and protesters at the weekend reignited political tensions that are tarnishing Turkey's image as a haven of stability in the Middle East. At 0914 GMT, the lira fell to 1.8657 to the dollar compared with 1.8525 late on Friday, when it had recovered to levels at which it was trading at before anti-government protests across the country began on May 28. It fell against its currency basket to 2.1772 from 2.1606. ... More »Turkish assets drop as political risk returns
PRAGUE (Reuters) - Czech President Milos Zeman does not favour the option of an early election following the government's resignation, news agency CTK quoted outgoing Prime Minister Petr Necas as saying on Monday after he met the president. Necas resigned after prosecutors charged his close aide with bribery and illegal spying. The president is in charge of appointing a new prime minister. (Reporting by Jan Lopatka; Editing by Michael Winfrey) More »Czech president does not prefer early election - PM quoted
BERLIN (Reuters) - German Chancellor Angela Merkel said on Monday she was shocked at Turkey's tough response to anti-government protests but she stopped short of demanding that the European Union call off accession talks with the candidate country. "I'm appalled, like many others," Merkel said of Turkey's handling of two weeks of unrest that began over a redevelopment project in an Istanbul park but has grown into broader protest against Prime Minister Tayyip Erdogan's government. ... More »Germany's Merkel 'appalled' by Turkey's response to protests
By Brad Haynes PARIS (Reuters) - Brazilian planemaker Embraer on Monday introduced a bigger and more efficient lineup of commercial jets that will enter service in 2018, pushing deeper into a segment that Canadian rival Bombardier has staked out with its new narrow-body CSeries. Embraer SA plans to spend $1.7 billion over the next eight years to overhaul its E-Jet lineup with new wings, upgraded avionics and geared turbofan engines from United Technologies Corp unit Pratt & Whitney. Embraer plans to add three rows of seats to its biggest jet, the E-195, and one row to the E-175. ... More »Brazil's Embraer pushes E-Jets deeper into Bombardier turf
By Padraic Halpin DUBLIN (Reuters) - Elan shareholders approved a share buyback on Monday, meaning U.S.-based Royalty Pharma's hostile bid for the Irish drug firm will lapse unless it succeeds in a legal challenge. Royalty, hoping to convince Elan's owners to accept its bid in the face of opposition from its target's board, last month made its takeover offer conditional on shareholders voting down all resolutions at Monday's meeting. Shareholders rejected the company's proposed $1 billion royalties deal with U.S. ... More »Royalty hostile bid for Elan in doubt after vote
PARIS (Reuters) - Chris Chadwick, president of Boeing's military aircraft division, said the company could sell 100 to 200 of its KC-46 refuelling tankers to international customers in coming years. "We had phone calls within the first hour after we were awarded the KC-46 from international customers. There's a pent-up demand for this kind of capability," Chadwick told Reuters in an interview at the Paris air show. Boeing is preparing for the start of a critical design review of the new KC-46 refuelling plane, based on its 767 airliner, that it is building for the U.S. Air Force. ... More »Boeing executive sees 100-200 international tanker sales
German Chancellor Angela Merkel said Monday that she was shocked by Turkey's violent crackdown on protests in major cities, saying it "was much too harsh". More »Turkish response to protests 'much too harsh': Merkel
President Mohamed Morsi has replaced 17 of Egypt's governors, including the choice in Luxor of a member of an Islamist party linked to a deadly attack on tourists in the ancient temple city, reports said Monday. More »Morsi names Luxor governor from attack-linked group
By Leila Abboud and Alexandre Boksenbaum-Granier PARIS (Reuters) - France Telecom shares jumped on Monday after President Francois Hollande backed its CEO to keep his job despite being put under investigation for fraud during his time as a top government aide. France Telecom, which is 27 percent owned by the state, climbed 4.2 percent to be the biggest gainer on France's blue-chip CAC 40 index , amid a broader rally in European telecom stocks that were up 2 percent at 10:52 a.m. British time (0952 GMT). ... More »France Tel shares up on relief probe not to unseat CEO
Cleric Hassan Rowhani pledged to bring about "the change" demanded by Iranians after eight years of conservative rule, as he prepared Monday to address the media for the first time since clinching Iran's presidential election. More »Rowhani pledges 'change" after clinching Iran presidency
ANKARA (Reuters) - Riot police backed by water cannon warned around 1,000 trade union workers to stop blocking a major avenue in the centre of the capital Ankara on Monday or face intervention, a Reuters witness said. The workers were trying to march towards the central Kizilay district, waving flags and chanting slogans, as part of a national strike called by several labour groups in support of anti-government protests. "Those of you on the streets must stop blocking the streets. Do not be provoked. ... More »Union workers, riot police face off in Turkish capital
By Suvashree Dey Choudhury and Tony Munroe MUMBAI (Reuters) - The Reserve Bank of India kept interest rates unchanged on Monday as expected after cutting them in each of its previous three policy reviews, warning of upward risks to inflation as the rupee is among the hardest hit amid a global emerging markets sell-off. The rupee touched an all-time low of 58.98 to the dollar last week as investors worried about India's record-high current account deficit and were unimpressed by government efforts to boost investment. ... More »Reserve Bank leaves rates unchanged; inflation risks weigh as rupee sags
Nelson Mandela's wife Graca Machel thanked the world on Monday for its messages of support for the ailing anti-apartheid icon which she said had eased "the burden of anxiety". More »Mandela's wife thanks world for supporting ailing husband
By Ronald Grover and Chris Michaud (Reuters) - "Man of Steel," the big-budget reboot of the Superman franchise, leaped over the apocalyptic buddy comedy "This is the End," collecting a muscular $113.1 million (71.9 million pounds) to lead the domestic box office with the year's second-largest debut weekend and the biggest June opening ever. "Man of Steel," starring British-born Henry Cavill in the first Superman movie released in seven years, carried a hefty budget of $225 million and took in a total of $125 million through Sunday including early screenings, according to BoxOffice.com. ... More »Faster than speeding bullet, 'Man of Steel' sets June U.S. box office record
By Nidhi Verma NEW DELHI (Reuters) - India cut its Iranian oil imports by more than 40 percent in the first five months of the year, replacing the crude with shipments from Venezuela, Iraq and Oman, and ... More »India cuts Iran oil imports 42 percent, takes Venezuelan, other crudes
BEIJING (Reuters) - China made its first substantive comments on Monday to reports of U.S. surveillance of the Internet, demanding that Washington explain its monitoring programs to the international community. Several nations, including U.S. allies, have reacted angrily to revelations by an ex-CIA employee over a week ago that U.S. authorities had tapped the servers of internet companies for personal data. ... More »China asks U.S. to explain Internet surveillance
SANTANDER, Spain (Reuters) - Spain's economy may show a clear turnaround in the second quarter according to available economic data, Treasury Minister Cristobal Montoro said on Monday during a conference in the northern city of Santander. From January to March the economy shrank 0.5 percent compared to the last three months of 2012, marking the seventh straight quarter of falling output. The government expects GDP to fall 1.3 percent in 2013, though has said the economy should be growing before the end of the year. (Reporting by Andres Gonzalez; Writing by Paul Day; Editing by Clare Kane) More »Spain Q2 data could show clear turnaround in economy - Minister
BERLIN (Reuters) - The Bundesbank warned on Monday there were signs that growth in Germany would slow over the summer after Europe's largest economy probably grew strongly in the second quarter of this year. "Given that orders were somewhat weaker again in April, production expectations for the coming months have recently been significantly scaled back. The same is true for export prospects in the short term," the Bundesbank said in its monthly report. It added that an improvement in the labour market also seemed to be over for the time being. ... More »German economic growth likely to slow over the summer - Bundesbank
By Marc Jones LONDON (Reuters) - The dollar edged up against the yen and euro while European and Asian shares recouped some of last week's losses on Monday, as investors hunkered down for the U.S. Federal Reserve's meeting later this week. Uncertainty over the Fed's future policy course has triggered a sharp sell-off in broad risk assets in recent weeks and investors are hoping for some clarity on its intentions when it concludes a regular two-day meeting on Wednesday. After a 2.7 percent jump in Japan's Nikkei had lifted Asian markets, European shares headed towards mid-morning up 1 percent. ... More »Dollar firms as Fed meeting nears, shares bound higher
LONDON (Reuters) - Risk managers at UK-based banks, insurers and investment funds believe the chance of another financial crisis over the next three years has fallen to its lowest since 2008, a Bank of England survey showed on Monday. Some 24 percent of the financial institutions surveyed expect a "high-impact event" to affect Britain's financial system over the next one to three years. This is the lowest level since the survey started in 2008, and down from 43 percent when the twice-yearly poll was last conducted in October. ... More »Finance sector sees lowest risk of turmoil since 2008 - central bank survey
By Guy Faulconbridge and Kate Holton ENNISKILLEN, Northern Ireland (Reuters) - U.S. President Barack Obama faces what could be a frosty G8 meeting with Vladimir Putin on Monday after the Russian leader clashed with the West over plans to arm Syrian rebels fighting President Bashar al-Assad. At their first private face-to-face meeting in a year, Obama will try to convince Putin to bring Assad to the negotiating table but the Russian leader has shown little sign of compromise. ... More »Putin and Obama set to spar over Syria arms at G8
US President Barack Obama on Monday told the people of Northern Ireland that they must respond with bravery whenever their hard-won peace fashioned after years of violence comes under attack. More »N.Ireland must be brave when peace attacked: Obama