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 Latest Business and Finance News
Carlyle's second-quarter earnings double [Reuters]
(Reuters) - Carlyle Group LP said Wednesday its second-quarter earnings doubled from a year earlier ...Detail
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Thomson Reuters reports rise in revenue, profit  [Reuters] 30 Jul, 2014
(Reuters) - Thomson Reuters Corp reported on Wednesday a 1 percent rise in revenue on growth in its Legal and Tax & Accounting divisions.
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Dollar maintains gains in Asia  [Geo TV] 30 Jul, 2014
TOKYO: The dollar held firm in Asia Wednesday after striking above 102 yen in New York trade while it was sitting
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Two former senior Murdoch editors charged over UK phone-hacking  [Reuters] 30 Jul, 2014
LONDON (Reuters) - Two more senior journalists from Rupert Murdoch's defunct British tabloid the News of the World have been charged with phone-hacking, prosecutors said on Wednesday, weeks after the paper's ex-editor wa ...
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Euro zone sentiment, inflation expectations edge up in July  [Reuters] 30 Jul, 2014
BRUSSELS (Reuters) - Euro zone economic sentiment unexpectedly improved in July while inflation expectations among consumers and companies edged up, data from the European Commission showed on Wednesday.
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Barclays profits fall as investment bank income sags  [Reuters] 30 Jul, 2014
LONDON (Reuters) - Barclays Plc said its underlying profits fell 8 percent in the second quarter as the British bank's attempts to crack down on high-risk trading and subdued market activity took a toll on investment banking ...
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Bankers given stricter bonus rules  [BBC News] 30 Jul, 2014
etailsantony jenkins The Bank of England unveils plans which may see badly-performing bankers return bonuses up to seven years after being awarded them.
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EU/China solar deal offers no dumping protection: EU producers  [Reuters] 30 Jul, 2014
BRUSSELS (Reuters) - The European Union's deal to end a trade dispute over solar panels with China risks creating a downward spiral of prices, further damaging the EU producers it is designed to protect, their association sai ...
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China July official PMI seen hitting eight-month high  [Reuters] 30 Jul, 2014
BEIJING (Reuters) - Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a bu ...
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Euro touches eight-month low, European shares fall  [Reuters] 30 Jul, 2014
LONDON (Reuters) - The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.
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Bank unveils bonus clawback plan  [BBC News] 30 Jul, 2014
antony jenkins The Bank of England unveils plans which may see rule-breaking bankers return bonuses up to seven years after being awarded them.
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Millions to see power bill cut  [BBC News] 30 Jul, 2014
Millions of electricity customers will see an average reduction of 12 a year on their bills, according to proposals from the regulator, Ofgem.
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Amazon to invest $2 billion more in India as e-commerce race heats up  [Reuters] 30 Jul, 2014
MUMBAI (Reuters) - Inc on Wednesday said it will invest a further $2 billion in India just a day after the country's largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent bu ...
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AstraZeneca buys Almirall lung drugs for up to $2.1 billion  [Reuters] 30 Jul, 2014
LONDON (Reuters) - AstraZeneca took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion for the rights to Spanish group Almirall's lung drugs.
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Barclays says 5,000 jobs cut so far this year  [Reuters] 30 Jul, 2014
LONDON (Reuters) - Barclays has cut just under 5,000 staff this year as part of its plan to streamline the bank and axe areas that are unprofitable, leaving the bank with fewer staff than at any time since 2007.
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Tokyo stocks open flat  [Geo TV] 30 Jul, 2014
TOKYO: Tokyo stocks opened flat on Wednesday, after US shares slid amid concerns over the Ukraine crisis as the Un
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Bank to unveil bonus clawback plan  [BBC News] 30 Jul, 2014
The Bank of England is expected to unveil on Wednesday a plan which may see rule-breaking bankers return bonuses up to seven years after being awarded them.
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Barclays sees profits fall 10%  [BBC News] 30 Jul, 2014
Barclays' second-quarter profits fall 10% to 3.84bn, following a fall in revenue at its investment bank.
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China's local GDP data points to recovery, rebalancing  [Reuters] 30 Jul, 2014
BEIJING (Reuters) - China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is r ...
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Kerry presses India on WTO deal ahead of arrival  [Reuters] 30 Jul, 2014
NEW DELHI (Reuters) - U.S. Secretary of State John Kerry, on his way to India for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to ad ...
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Asian shares hit six and a half year high, dollar steady before Fed  [Reuters] 30 Jul, 2014
TOKYO (Reuters) - Asian shares touched a six-and-half-year peak on Wednesday and the dollar was steady, with investors waiting for second quarter U.S. growth data as well as a U.S. Federal Reserve meeting that some believe might y ...
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Time almost up for Argentina to avoid debt default  [Reuters] 30 Jul, 2014
BUENOS AIRES (Reuters) - Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S ...
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Fed seen trimming bond buys, could offer vague rate clues  [Reuters] 30 Jul, 2014
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday looks certain to press forward with its plan to wind down its bond-buying stimulus, and could offer some vague clues on how much nearer it might be to finally raising in ...
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Economy seen regaining muscle in second quarter  [Reuters] 30 Jul, 2014
WASHINGTON (Reuters) - U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.
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Exclusive: Upstart trading venue IEX may prompt U.S. market rule change  [Reuters] 30 Jul, 2014
NEW YORK (Reuters) - U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group's plans to become a full-fledged stock exchange.
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Argentine debt talks end without deal as default looms  [Reuters] 30 Jul, 2014
NEW YORK/BUENOS AIRES (Reuters) - Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation ...
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HSBC closes some Muslims' accounts  [BBC News] 30 Jul, 2014
HSBC bank writes to Finsbury Park Mosque and other Muslim individuals and organisations around the UK giving them notice their accounts will be closed.
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Argentine debt talks end without deal, will resume Wednesday  [Reuters] 30 Jul, 2014
NEW YORK/BUENOS AIRES (Reuters) - Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation ...
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Toyota says first-half global sales rise 3.8 pct  [Reuters] 30 Jul, 2014
TOKYO (Reuters) - Toyota Motor Corp said its first-half groupwide global sales rose 3.8 percent to 5.097 million vehicles, achieving a record for first-half sales as its reign at the top of the global auto industry comes under thr ...
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Tobacco tax law cost U.S. billions in revenue: report  [Reuters] 30 Jul, 2014
WASHINGTON (Reuters) - A 2009 law that raised federal taxes to discourage smoking cost the U.S. government billions of dollars in lost revenue as manufacturers relabeled products and consumers shifted to cheaper pipe tobacco and l ...
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Argentine economy minister in New York for last ditch talks  [Reuters] 30 Jul, 2014
NEW YORK/BUENOS AIRES (Reuters) - Argentine Economy Minister Axel Kicillof unexpectedly arrived in New York on Tuesday to join last-minute debt negotiations with "holdout" investors in a bid to avert a default.
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