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Credit Suisse says probed by regulators about dark pools

Reuters UK Business News - 13 hours 42 min ago
ZURICH (Reuters) - Swiss bank Credit Suisse on Thursday became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.






Argentina braces for market reaction to second default in 12 years

Reuters UK Business News - 13 hours 42 min ago
BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year.






Dollar shines, U.S. yields surge on upbeat U.S. data

Reuters UK Business News - 13 hours 45 min ago
TOKYO (Reuters) - The dollar stayed strong and U.S. bond yields held firm on Thursday after data showed solid U.S. economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates.






Lufthansa profit below expectations as pricing suffers

Reuters UK Business News - 13 hours 51 min ago
BERLIN (Reuters) - Lufthansa , Europe's largest airline by revenue, reported lower than expected second quarter profit as ticket prices on North American and European routes continued to fall.






Sanofi lifts 2014 guidance after second quarter earnings beat expectations

Reuters UK Business News - 13 hours 57 min ago
PARIS (Reuters) - French drugmaker Sanofi raised its full-year guidance on Thursday after it posted stronger than expected quarterly earnings, driven by its rare disease business and higher sales in emerging markets.






Some WTO members discussing customs deal without India - sources

Reuters UK Business News - 14 hours 35 min ago
(Reuters) - A group of World Trade Organization (WTO) members has informally discussed adopting a global overhaul of customs rules without India if New Delhi goes ahead with threats to block the deal, sources familiar with the talks said on Thursday.






China should set less ambitious 2015 growth target, refrain from stimulus - IMF

Reuters UK Business News - 14 hours 48 min ago
BEIJING (Reuters) - China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International Monetary Fund said on Thursday.






Samsung Electronics downbeat on third quarter prospects as profits slide

Reuters UK Business News - 14 hours 51 min ago
SEOUL (Reuters) - Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth.






BOJ should study shifting focus to zero rates in future - Kiuchi

Reuters UK Business News - 16 hours 11 min ago
KOBE Japan (Reuters) - Bank of Japan board member Takahide Kiuchi said on Thursday the central bank should consider shifting the focus of monetary policy to zero interest rates from asset purchases when moving to end its ultra-loose stance.






Woodside's $2.68 billion buyback from Shell close to failing

Reuters UK Business News - 16 hours 43 min ago
MELBOURNE (Reuters) - Woodside Petroleum Ltd's planned $2.68 billion (1.58 billion pounds) share buyback from Royal Dutch Shell is on the brink of failing, based on a count of votes mailed in ahead of a shareholder meeting on Friday.






BES seeks capital as key staff suspended after massive losses

Reuters UK Business News - 17 hours 34 min ago
LONDON/LISBON (Reuters) - Laws may have been broken at Portugal's Banco Espirito Santo during a catastrophic six months that saw it lose 3.6 billion euros (2.8 billion pounds), the bank's new management said on Wednesday, as they vowed to raise new cash to bolster finances and to investigate the losses.






UK consumer confidence falls in July for first time in six months - GfK

Reuters UK Business News - 17 hours 40 min ago
British consumer confidence fell for the first time in six months in July, a survey from researchers GfK NOP showed on Thursday, the latest sign that Britons are feeling less upbeat about the economic recovery.

UK rate rises to be gradual, limited - BoE's Broadbent

Reuters UK Business News - 17 hours 42 min ago
SYDNEY (Reuters) - A top official at the Bank of England sees a case for earlier increase in interest rates but emphasised that any tightening cycle would be limited and gradual.






Argentina fails to reach debt agreement, default looms

Reuters UK Business News - 19 hours 52 min ago
BUENOS AIRES/NEW YORK (Reuters) - Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.






BES warns of possible legal breaches, vows to raise capital

Reuters UK Business News - 20 hours 6 min ago
LONDON/LISBON (Reuters) - Laws may have been broken at Portugal's Banco Espirito Santo during a catastrophic six months that saw it lose 3.6 billion euros (£2.85 billion), the bank's new management said on Wednesday, as they vowed to investigate the losses and raise cash to bolster finances.






UK consumer confidence falls in July for first time in 6 months - GfK

Reuters UK Business News - 20 hours 16 min ago
British consumer confidence fell for the first time in six months in July, a survey from researchers GfK NOP showed on Thursday, the latest sign that Britons are feeling less upbeat about the economic recovery.






AMC Networks wants stake in BBC America - source

Reuters UK Business News - Wed, 30/07/2014 - 23:51
(Reuters) - AMC Networks Inc, a U.S. media company that owns cable channels, is in talks to buy a stake in BBC America, BBC Worldwide’s U.S. channel, a source familiar with the matter told Reuters.






China's property minnows take big hit as downturn bites

Reuters UK Business News - Wed, 30/07/2014 - 22:58
HONG KONG (Reuters) - A number of small developers - the kind that by sheer weight of numbers dominate China's vast property sector - are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.






Yum says China food safety scare hurting KFC, Pizza Hut sales

Reuters UK Business News - Wed, 30/07/2014 - 22:51
(Reuters) - Yum Brands Inc on Wednesday said a television expose showing improper meat handling by one of its Chinese suppliers caused "significant, negative" damage to sales at its KFC and Pizza Hut restaurants over the past 10 days.






Solar power clouds Australia's $10 billion sale of 'poles and wires'

Reuters UK Business News - Wed, 30/07/2014 - 22:42
SYDNEY (Reuters) - Sun-drenched Australia's growing love of solar power is casting a long shadow over its biggest privatisation in two decades and the second-biggest sale ever of a state asset.






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