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  • Bernanke quiet on next Fed move, stresses job crisisBernanke quiet on next Fed move, stresses job crisis

    26/08 23:33 CET, By Mark Felsenthal and Ann Saphir JACKSON HOLE, Wyoming (Reuters) – Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the …

  • IMF sees no new recession but risks rising - LipskyIMF sees no new recession but risks rising - Lipsky

    26/08 23:15 CET, WASHINGTON (Reuters) – The IMF’s updated forecasts to be released next month do not foresee a global recession but risks have risen, a senior International Monetary Fund official…

  • U.S. growth slows in second quarter, outlook less dismalU.S. growth slows in second quarter, outlook less dismal

    26/08 22:53 CET, By Lucia Mutikani WASHINGTON (Reuters) – The struggling U.S. economy expanded even more slowly than previously thought in the second quarter of 2011, but a breakdown of the…

  • BofA $8.5 billion settlement may go to federal courtBofA $8.5 billion settlement may go to federal court

    26/08 21:37 CET, By Jonathan Stempel NEW YORK (Reuters) – Investors objecting to Bank of America Corp’s $8.5 billion (5.2 billion pounds) settlement of claims over losses on mortgage-backed…

  • Monte Paschi, Popolare nail funding amid crisis fearsMonte Paschi, Popolare nail funding amid crisis fears

    26/08 20:29 CET, By Ian Simpson MILAN (Reuters) – Italy’s Banca Monte dei Paschi di Siena and Banco Popolare have wrapped up their institutional funding for the year as they move to insulate…

  • UBS considers fee to deter Swiss franc hoardingUBS considers fee to deter Swiss franc hoarding

    26/08 19:57 CET, ZURICH (Reuters) – Swiss bank UBS may charge client banks a fee on cash accounts they use to clear transactions, it said on Friday, in a bid to discourage them from using the…

  • Weak banks tip FTSE into red after BernankeWeak banks tip FTSE into red after Bernanke

    26/08 18:59 CET, By Tricia Wright LONDON (Reuters) – The top shares ended just in the red on Friday, with banks weaker after Federal Reserve Chairman Ben Bernanke stopped short of signalling more…

  • Libya, economy to depress oil but not below $100 - Reuters pollLibya, economy to depress oil but not below $100 - Reuters poll

    26/08 17:18 CET, By Zaida Espana LONDON (Reuters) – Oil prices are likely to stay above $100 a barrel next year despite increasing downward pressure from the expected return of some Libyan…

  • Spain to set deficit limit as growth slowsSpain to set deficit limit as growth slows

    26/08 16:42 CET, By Paul Day and Judy MacInnes MADRID, Aug 26 (Reuters) – Spain reached political consensus on Friday to set constitutional limits on its public deficit and debt, though there…

  • FSA's Huertas to depart for Ernst & YoungFSA's Huertas to depart for Ernst & Young

    26/08 16:19 CET, LONDON (Reuters) – Thomas Huertas, head of the Financial Services Authority’s international division, is leaving the watchdog to join auditor and consultancy Ernst & Young. It…

  • Greece ups ante with minimum level for debt planGreece ups ante with minimum level for debt plan

    26/08 15:53 CET, By Harry Papachristou and Lefteris Papadimas ATHENS (Reuters) – Greece warned on Friday it may opt out of a debt swap crucial to its second international bailout if too few…

  • Anglo Irish no longer dangerous; eyes U.S. saleAnglo Irish no longer dangerous; eyes U.S. sale

    26/08 15:50 CET, By Carmel Crimmins DUBLIN (Reuters) – Anglo Irish Bank said it was no longer a systemic threat to Ireland and should be able to return some of the 29 billion euros (25.5 billion…

  • Bid target Axis-Shield gets FDA nod for arthritis test

    26/08 14:46 CET, (Reuters) – Axis-Shield , the British medical diagnostics firm fighting a hostile takeover by larger U.S. rival Alere Inc , said U.S. health regulators cleared a new version of…

  • Analysis - History shows iconic CEOs tough act to followAnalysis - History shows iconic CEOs tough act to follow

    26/08 13:47 CET, By Bill Rigby SEATTLE (Reuters) – How does a company recover from the loss of an iconic leader like Steve Jobs at Apple In? Sometimes, it doesn’t. Sony Corp has never regained…

  • House prices rise in July - Land RegistryHouse prices rise in July - Land Registry

    26/08 13:42 CET, LONDON (Reuters) – House prices in England and Wales rose 1.3 percent on the month in July, government data showed, in a rare positive sign from the sluggish housing market…

  • Bank would opt for more QE if economy worsened - WealeBank would opt for more QE if economy worsened - Weale

    26/08 13:18 CET, LONDON (Reuters) – The Bank of England does not see any need for quantitative easing at the moment, but does not rule it out, and would engage in further stimulus if the economy…

  • Anglo Irish expects to have capital left over by 2020Anglo Irish expects to have capital left over by 2020

    26/08 13:16 CET, DUBLIN (Reuters) – Anglo Irish Bank expects it will be able to return some of the 29 billion euros (25 billion pounds) capital Ireland has poured into the lender once the…

  • Slow euro zone lending may keep ECB on holdSlow euro zone lending may keep ECB on hold

    26/08 13:11 CET, By Marc Jones FRANKFURT (Reuters) – Lending to euro zone firms was slower than expected in July European Central Bank data showed on Friday, putting more pressure on the bank to…

  • Outlook gloomy after meagre Q2 growthOutlook gloomy after meagre Q2 growth

    26/08 12:42 CET, By Sven Egenter and Matt Falloon LONDON (Reuters) – The economy looks unlikely to pick up speed from the meagre growth rate of the second quarter as worried consumers cut back on…

  • ABN AMRO cuts 9 percent of jobs in run-up to saleABN AMRO cuts 9 percent of jobs in run-up to sale

    26/08 12:40 CET, By Gilbert Kreijger AMSTERDAM (Reuters) – Nationalised Dutch bank ABN AMRO is shedding 2,350 jobs — some 9 percent of its workforce — as the state readies it for a return to…

  • Analysis - "Safe haven" assets start to look riskyAnalysis - "Safe haven" assets start to look risky

    26/08 12:04 CET, By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) – This year’s heady bout of risk aversion on financial markets has ratcheted up demand for gold, …

  • Independent News shares rise on cost cuts

    26/08 11:47 CET, By Padraic Halpin DUBLIN (Reuters) – Publishing group Independent News & Media Plc further cut costs and payed back debt in a “remarkably tough” first half of 2011, sending its…

  • Gold rises 1 percent ahead of Jackson Hole speechGold rises 1 percent ahead of Jackson Hole speech

    26/08 11:46 CET, By Jan Harvey LONDON (Reuters) – Gold prices arrested this week’s slide on Friday to rise nearly 1 percent ahead of a speech from Federal Reserve chairman Ben Bernanke in Jackson…

  • Glencore, others circle Optimum CoalGlencore, others circle Optimum Coal

    26/08 11:14 CET, By Ed Stoddard JOHANNESBURG (Reuters) – Optimum Coal stood at the centre of bid interest in South African assets on Friday, confirming receipt of more than one takeover approach…

  • Total to sell oil production, exploration in France - report

    26/08 08:49 CET, PARIS (Reuters) – Oil major Total is preparing to sell its production and exploration activities in France for an undisclosed amount, an industry trade publication reported…

  • Market sentiment weakened before U.S. downgrade - S&P

    26/08 08:39 CET, By Charmian Kok and Kevin Lim SINGAPORE (Reuters) – The top official behind Standard & Poor’s downgrade of the United States said on Friday it was not to blame for August’s stock…

  • John Lewis sales defy retail gloom

    26/08 08:30 CET, LONDON (Reuters) – John Lewis , bucked the general gloom in the retail sector with another rise in weekly sales as it continued to win market share from rivals. The…

  • Boeing's Dreamliner becomes commercial realityBoeing's Dreamliner becomes commercial reality

    26/08 07:29 CET, By Kyle Peterson CHICAGO (Reuters) – After years of headaches and occasional heartbreak, Boeing Co is ready on Friday for the U.S. government to declare its revolutionary 787…

  • Striking Verizon workers boost U.S. jobless claimsStriking Verizon workers boost U.S. jobless claims

    25/08 23:20 CET, By Lucia Mutikani WASHINGTON (Reuters) – Striking workers at Verizon Communications pushed up new U.S. jobless claims last week, but there was little evidence the recent stock…

  • Warren Buffett to invest $5 billion in Bank of AmericaWarren Buffett to invest $5 billion in Bank of America

    25/08 23:18 CET, By Ben Berkowitz and Joe Rauch NEW YORK/CHARLOTTE, North Carolina (Reuters) – Warren Buffett will invest $5 billion (3 billion pounds) in Bank of America Corp, stepping in to…

  • JPMorgan to pay $88.3 million in foreign funds casesJPMorgan to pay $88.3 million in foreign funds cases

    25/08 22:36 CET, By David Henry and Margaret Chadbourn WASHINGTON (Reuters) – JPMorgan Chase will pay $88.3 million (54.2 million pounds) to settle civil allegations of apparent violations of…

  • Delta unveils order for 100 Boeing narrowbodiesDelta unveils order for 100 Boeing narrowbodies

    25/08 20:06 CET, ATLANTA/CHICAGO (Reuters) – Delta Air Lines Inc said on Thursday it ordered 100 Boeing Co Next-Generation 737-900ER airplanes valued at $8.5 billion (5.2 billion pounds) as it…

  • Goldman Sachs to cut some London salaries - sourceGoldman Sachs to cut some London salaries - source

    25/08 18:51 CET, LONDON (Reuters) – Goldman Sachs is set to cut salaries for some of its London investment bankers as an agreed two-year pay rise deal comes to an end, a source familiar with the…

  • Hedge funds brace for more short-selling bans

    25/08 17:07 CET, By Laurence Fletcher LONDON (Reuters) – Hedge funds, wary of more intervention by European stock market regulators, are being forced to rethink investment strategies as…

  • Greek central bank readies emergency funding schemeGreek central bank readies emergency funding scheme

    25/08 16:25 CET, By George Georgiopoulos ATHENS (Reuters) – Greece’s central bank has readied its emergency liquidity assistance (ELA) to supply lenders with funds if the need arises, bankers…

  • Diageo upbeat after full year beats forecastDiageo upbeat after full year beats forecast

    25/08 16:11 CET, By David Jones LONDON (Reuters) – Diageo , the world’s biggest spirits group, set an ambitious 10 percent-plus earnings growth target, when beating forecasts with a 16 percent…

  • Insight - Jobs exit opens door for nimble Apple rivalsInsight - Jobs exit opens door for nimble Apple rivals

    25/08 14:54 CET, By Miyoung Kim SEOUL (Reuters) – The resignation of Apple Inc CEO Steve Jobs opens the door for rivals Samsung Electronics and HTC to battle for smartphone supremacy in…

  • Consumer morale drops further in JulyConsumer morale drops further in July

    25/08 13:59 CET, LONDON (Reuters) – Consumer confidence edged down further in July, a survey showed on Thursday, in another sign that subdued consumption will remain a major drag on the fragile…

  • IMI sees full-year profit above forecast

    25/08 13:58 CET, By Adveith Nair LONDON (Reuters) – Engineer IMI shrugged off concerns of slowing industrial demand and said full-year profit should rise above market expectations, when…

  • EU recession could send CO2 below 10 euros - BarCap

    25/08 13:33 CET, By Nina Chestney LONDON (Reuters) – A double dip recession in Europe could drive European Union carbon permit prices below 10 euros (8.80 pounds) for a prolonged period, Barclays…

  • UBS, Citi cut global growth view, rule out recessionUBS, Citi cut global growth view, rule out recession

    25/08 13:16 CET, BANGALORE (Reuters) – UBS and Citigroup lowered their forecast for global growth, with sharp reductions to its euro zone view and more modest cuts for China, but ruled out the…

  • Europeans cut back on basics as recession fears growEuropeans cut back on basics as recession fears grow

    25/08 13:11 CET, By Mark Potter LONDON (Reuters) – Europeans are cutting spending and feeling gloomier about the future as fears of a double-dip recession rise and stock markets wobble. Dutch…

  • Glencore sees opportunities in volatility as H1 risesGlencore sees opportunities in volatility as H1 rises

    25/08 12:37 CET, By Clara Ferreira-Marques LONDON (Reuters) – Commodities trader Glencore International Plc posted a 50 percent rise in headline first-half profit and said it saw opportunities…

  • Retail sales fall at fastest pace in over a year in AugustRetail sales fall at fastest pace in over a year in August

    25/08 12:03 CET, LONDON (Reuters) – Retail sales fell at the fastest pace in over a year as cash-strapped consumers cut back spending, a CBI survey showed on Thursday, and retailers kept a gloomy…

  • Barclays cuts 140 jobs in UK corporate armBarclays cuts 140 jobs in UK corporate arm

    25/08 11:03 CET, LONDON (Reuters) – Barclays is cutting 140 jobs in its corporate business arm as part of the bank’s plan to slash costs and improve efficiencies. A spokesman for the bank said…

  • Aggreko sees full-year profit above expectations

    25/08 10:20 CET, By Adveith Nair LONDON (Reuters) – Aggreko , the world’s biggest provider of temporary power, said it expects to report full-year profit ahead of market estimates, after posting…

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