Friday, May 24th, 2013

World

Co-op Bank stops lending to new corporate clients

By Matt Scuffham
LONDON (Reuters) - The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its capital posi...
May 24, 2013, 3:54 pm
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Vietnamese inflation lowest in eight months

HANOI (AFP) - Vietnamese inflation slowed to its weakest pace in eight months in May, official data showed on Friday, in the latest sign that the communist-run economy is cooling.
May 24, 2013, 3:35 pm
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UK may be three quarters of the way through debt purge - Fisher

CARDIFF (Reuters) - Britain may be as much as three quarters of the way through the process of working off the high debt levels which have weighed on the economy since the financial crisis, a top Bank...
May 24, 2013, 3:11 pm

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India's Wockhardt shares dive on US import ban

MUMBAI (AFP) - Shares of Indian pharmaceuticals firm Wockhardt plunged nearly 19 percent Friday, a day after it said the US drugs regulator had banned imports from one of its manufacturing units over quality concerns.
May 24, 2013, 3:06 pm

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3i says to buy Barclays Infrastructure Funds Management

LONDON (Reuters) - 3i Group PLC is taking over the European infrastructure fund management business run by Barclays as part of a plan to boost fee income from public-priva...
May 24, 2013, 2:53 pm
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Private consumption helps Germany to meagre growth in first-quarter

Berlin (Reuters) - Private consumption helped Germany eke out meagre economic growth of 0.1 in the first quarter of the year, compensating for declines in exports and investment in Europe's largest ec...
May 24, 2013, 2:11 pm

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Australia economy strong despite end to Ford production: PM

SYDNEY (AFP) - Australian Prime Minister Julia Gillard moved to allay fears about the economy on Friday saying it had strong fundamentals, after US carmaker Ford announced an end to production in the country.
May 24, 2013, 1:53 pm

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Japan's Nikkei turns positive in volatile trade

TOKYO (Reuters) - Japan's Nikkei stock average turned positive in a volatile session on Friday afternoon after the previous session's 7.3 percent plunge.
The Nikkei <.N225> was up...
May 24, 2013, 12:52 pm

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EADS offers $2.0 bln sweetener for S.Korea jet deal

SEOUL (AFP) - European aerospace giant EADS has offered a $2.
May 24, 2013, 12:26 pm

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US panel rejects Motorola bid to block Xbox imports

SAN FRANCISCO (AFP) - The US International Trade Commission sided with Microsoft in a patent dispute with Google-owned Motorola Mobility that could have led to Xbox 360 videogame consoles being banned from import.
May 24, 2013, 12:23 pm

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BOJ Kuroda vows to calm JGBs, guide economy to recovery

By Leika Kihara
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Friday expressed confidence the central bank can stem bond market volatility with flexible market operations ...
May 24, 2013, 11:33 am

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Nikkei recoups some of Thursday's 7.3 percent dive, bull run seen intact

By Dominic Lau
TOKYO (Reuters) - The Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, which most market watchers said marked a long-overd...
May 24, 2013, 11:11 am

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Venezuela, Russia in joint oil venture

BARCELONA, Venezuela (AFP) - Venezuela and Russia formed a joint venture to produce 120,000 barrels of oil a day by 2016 in two fields in the Orinoco Heavy Oil Belt.
May 24, 2013, 9:56 am

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Goldman unveils checks on conflicts in bid to fix image

By Lauren Tara LaCapra
SALT LAKE City (Reuters) - After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief,...
May 24, 2013, 7:19 am

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Former Goldman banker settles SEC 'pay-to-play' charges

By Lisa Lambert and Jonathan Stempel
WASHINGTON/CHICAGO (Reuters) - A former Goldman Sachs Group Inc. investment banker has agreed to a five-year securities industry ban an...
May 24, 2013, 7:15 am
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Tesoro expected to take over BP Los Angeles refinery

HOUSTON (Reuters) - Independent refiner Tesoro Corp is expected to take control of BP Plc's 240,000 barrel-per-day (bpd) Los Angeles-area refinery in Carson, California, on ...
May 24, 2013, 6:54 am

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Royal Mail chief set for 500,000 sterling bonus - Sky News

(Reuters) - The chief executive of Royal Mail, Moya Greene, who is responsible for leading a turnaround of the business, is set to receive an annual bonus worth nearly 500,000 pounds, as the company r...
May 24, 2013, 6:44 am

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Mass sell-off in Spain's Bankia hit small investors

MADRID (Reuters) - Small investors in shares of in Spain's nationalised lender Bankia suffered new massive losses on Thursday as the stock plunged by more than 50 percent amid an abnormally high volum...
May 24, 2013, 6:25 am

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Islamist bombers kill 20 in Niger attacks

NIAMEY (AFP) - Islamist militants staged twin suicide car bombings on an army base and a French-run uranium mine in Niger on Thursday, killing at least 20 people in retaliation for the country's military involvement in neighbouring Mali.
May 24, 2013, 6:09 am

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Markets face rough ride on Fed pullback

By Rodrigo Campos
NEW YORK (Reuters) - For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary st...
May 24, 2013, 5:41 am

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