FTSE heads for fifth week of gains on China rate cut

Reuters UK Business News - 7 hours 3 min ago
LONDON (Reuters) - FTSE ended provisionally higher on Friday, marking a fifth straight week of gains, after a surprise interest rate cut in China boosted mining and commodities stocks.

U.S. under pressure to match EU rules on market benchmarks

Reuters UK Business News - 7 hours 6 min ago
LONDON (Reuters) - The United States may need tougher rules to regulate market benchmarks or risk being locked out of the European Union market, a top U.S. regulator has said.

RBS says it barely passed EU stress test, admits error

Reuters UK Business News - 7 hours 17 min ago
LONDON (Reuters) - Royal Bank of Scotland said it only marginally passed a stress test last month by European regulators after admitting to an error in data it submitted, calling into question if it can pass a tougher test by British regulators.

Global M&A lending hits post-crisis high

Reuters UK Business News - 7 hours 20 min ago
NEW YORK (Reuters) - Two huge new US acquisition bridge loans have pushed global M&A lending to a post-crisis high of $665 billion (424 billion pounds) in the year to date, according to Thomson Reuters LPC data, as takeovers continue to flourish despite recent volatility.

Valeant slashes stake in Allergan after losing bid

Reuters UK Business News - 7 hours 32 min ago
(Reuters) - (Refiles Nov. 20 story to correct reference to previous stake)

Bankers ready 4.5 billion euros of debt for Lafarge Holcim assets

Reuters UK Business News - 7 hours 47 min ago
LONDON (Reuters) - Cement makers Lafarge and Holcim are preparing to sell assets in order to go ahead with their planned merger, and lenders are readying debt financing packages of around 4.5 billion euros (4 billion pounds) to back private equity bids, banking sources said on Friday.

Search begins for the next Fenland poet laureate

Ely Standard - 7 hours 48 min ago

A competition has been launched to find this year’s Fenland poet laureate.

Categories: Local Press

International banks gear up for Russian lending in 2015

Reuters UK Business News - 7 hours 54 min ago
LONDON (Reuters) - Bankers are gearing up to resume work on new syndicated loans for Russian companies that are not subject to international sanctions in 2015 to avoid losing further business after the conflict between Russia and Ukraine wiped out revenues in 2014.

Volkswagen unveils multi-billion auto investments through next five years

Reuters UK Business News - 7 hours 56 min ago
FRANKFURT (Reuters) - Volkswagen AG is to invest 85.6 billion euros (68 billion pounds) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.

European telecom firms see brighter 2015 after years of pain

Reuters UK Business News - 8 hours 6 min ago
BARCELONA (Reuters) - Top executives at Europe's telecoms firms dared to suggest this week that they might at last be turning a corner after years of declining revenues, as demand rises for 4G mobile broadband, regulatory pressures ease and the industry consolidates.

Littleport on-call firefighters win Cambridgeshire Fire and Rescue Service Team Achievement Award

Ely Standard - 8 hours 7 min ago

Outstanding on-call firefighters were recognised at Cambridgeshire Fire and Rescue Service (CFRS) Excellence Awards last night.

Categories: Local Press

Japanese stock funds worldwide attract $1.2 billion inflows - BofA

Reuters UK Business News - 8 hours 14 min ago
NEW YORK (Reuters) - Investors worldwide poured $1.2 billion (0.76 billion pounds) into Japanese stock funds in the week ended Nov. 19, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

Fed to issue rules on banks' role in commodities in early 2015

Reuters UK Business News - 8 hours 19 min ago
WASHINGTON (Reuters) - The Federal Reserve will issue in the first quarter of next year a formal notice of rules on its review of financial holding companies and their activities in the physical commodities markets, a top Fed official said on Friday.

China cuts interest rates to spur growth, ease debt pressure

Reuters UK Business News - 8 hours 22 min ago
BEIJING (Reuters) - China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt.

Toyota Lexus to recall some 2006-2011 models due to fuel leak

Reuters UK Business News - 8 hours 25 min ago
DETROIT (Reuters) - Toyota Motor Corp will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.

Draghi throws ECB door open to money printing as global prospects dim

Reuters UK Business News - 8 hours 27 min ago
FRANKFURT (Reuters) - European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth.

ECB drops Citi from FX contact group

Reuters UK Business News - 8 hours 56 min ago
FRANKFURT (Reuters) - The European Central Bank has dropped Citigroup from its experts' working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to stop traders from trying to manipulate the currency market.

Britain gets its first Airbus A400M

Reuters UK Business News - 9 hours 15 min ago
PARIS (Reuters) - Britain has taken delivery of the first of 22 A400M military transport aircraft it has ordered, Airbus confirmed on Friday.

ECB's negative rates said to hit bank profits, incite risk

Reuters UK Business News - 9 hours 19 min ago
FRANKFURT (Reuters) - The ECB's negative rate policy might damage the banking sector by squeezing profits, inciting risk taking and forcing bankers and clients to face diametrically opposing interests, bankers and regulators said on Friday.

HSBC sees improved Brazil risk, reward as Rousseff adjusts policies

Reuters UK Business News - 9 hours 25 min ago
SAO PAULO (Reuters) - Strategists at HSBC Securities are recommending investors take on additional risk in Brazil, where equity markets sank about 30 percent from this year's peaks, on signs that President Dilma Rousseff will undertake gradual, more market-friendly policy adjustments ahead of her second term.