Sunday, May 26th, 2013

World

Analysis - Markets face rough summer ride as Fed pullback feared

Markets face rough ride on Fed pullback

Markets set for more volatility as US Fed signals reducing support by purchasing fewer bonds.

Blackstone notifies Cohen's SAC it intends to pull money - pension consultant

By Matthew Goldstein
(Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his...
May 25, 2013, 11:46 pm
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Loro Piana rides high through recession in ultra-luxury sector

By Naomi O'Leary
ROME (Reuters) - Italian luxury firm Loro Piana expects double-digit sales growth to continue in 2013 as it expands its niche in the ultra-luxury sector, its chief exec...
1 hour, 53 minutes ago
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UAE's Majid AL Futtaim eyes $1 billion investments this year

By Suleiman Al-Khalidi
Dead Sea, Jordan (Reuters) - UAE's Majid Al Futtaim Holding (MAF) - sole franchise of hypermarket chain Carrefour in the Gulf - said it foresaw capital investment...
May 25, 2013, 11:00 pm
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Board of Italy's ILVA steel group quits after asset seizure

ROME (Reuters) - The management board of Italian steel group ILVA has resigned, the company said on Saturday, following the seizure of 8 billion euros of assets from its controlling company in connect...
May 25, 2013, 10:10 pm
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Germany's Kion ready for IPO but not in a rush - report

FRANKFURT (Reuters) - Kion Group , the world's second biggest maker of fork lift trucks, would be ready for an initial public offering but is not in a rush, German paper Frankfurter Al...
May 25, 2013, 8:24 pm
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Belgium to be rapped by EU over budget

BRUSSELS (AFP) - The European Commission is set to rap Belgium this week for failing to do enough to trim its budget deficit but is unlikely to go as far as imposing a fine, according to a press report on Saturday.
May 25, 2013, 8:03 pm

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Japan PM vows 'all possible' help for Myanmar economy

YANGON (AFP) - Japan's premier on Saturday pledged "all possible assistance" to kick-start Myanmar's ailing economy, hailing a major industrial zone near Yangon as a symbol of development for the impoverished nation.
May 25, 2013, 7:02 pm

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Greece modifies DEPA privatisation terms to accommodate Gazprom: source

ATHENS (Reuters) - Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way for Russian energy giant Gazprom to bid for the firm...
May 25, 2013, 7:01 pm
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IMF chief avoids charges in French payout scandal

PARIS (AFP) - IMF chief Christine Lagarde avoided immediate charges but was named an "assisted witness" after French prosecutors grilled her for two days over a state payout to a disgraced tycoon when she was finance minister.
May 25, 2013, 1:28 pm

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News Corp to take charge of up to $1.4 billion this quarter

By Jennifer Saba
(Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion (925.4 million pound...
May 25, 2013, 7:48 am
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US markets turn sober after Japan plunge

NEW YORK (AFP) - The 7.3 percent plunge in Japanese stocks during the week injected needed sobriety into US markets, but they showed a resilience that cheered investors worried about protecting the year's gains.
May 25, 2013, 7:08 am

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Bankia sells City National Bank for 683m euros

MADRID (AFP) - Spain's bailed-out lender Bankia on Friday announced it would sell City National Bank of Florida to Chile's BCI for around 683 million euros ($883 million).
May 25, 2013, 6:55 am
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Visa, Mastercard ask U.S. court to declare card fees are lawful

By Jessica Dye
NEW YORK (Reuters) - Visa Inc and MasterCard Inc , opening another front in an eight-year battle over credit card fees paid by retailers, on Frida...
May 25, 2013, 5:44 am

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Bausch & Lomb near $9 bn sale to Valeant: source

NEW YORK (AFP) - Canadian pharmaceutical company Valeant is close to a deal to acquire US eye health company Bausch & Lomb for about $9 billion, a person familiar with the matter said Friday.
May 25, 2013, 5:15 am

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News Corp approves Murdoch split for June 28

NEW YORK (AFP) - News Corp's board on Friday approved the break-up of the conglomerate into two independent companies, separating the high-flying entertainment assets from the struggling newspaper operations.
May 25, 2013, 5:14 am

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Chile slaps $16 million fine on Canada mine company

SANTIAGO (AFP) - Chile's environmental authorities slapped a $16.
May 25, 2013, 4:58 am

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Swiss free trade deal underscores China's globalisation: Li

BERNE, Switzerland (AFP) - Chinese Premier Li Keqiang on Friday hailed a free trade deal with Switzerland as a landmark achievement, saying it had "huge meaning" for global trade and underscored Beijing's growing openness to the world.
May 25, 2013, 3:28 am

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Deutsche Post files EU complaint against German email law

DUESSELDORF (Reuters) - Deutsche Post has filed a complaint with the European Commission against a German law that will require government agencies and public services to use a rival ...
May 25, 2013, 3:19 am

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Yahoo joins growing list of bidders for Hulu - sources

By Ronald Grover and Greg Roumeliotis
LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service own...
May 25, 2013, 2:57 am

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Bankia sells City National Bank of Florida for $883 million

MADRID (Reuters) - Spanish nationalized lender Bankia SA said on Friday it had sold City National Bank of Florida to Chilean bank BCI for $883 million (583 million pound...
May 25, 2013, 2:53 am

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