Sunday, May 26th, 2013

World

News Corp approves split into two firms June 28

NEW YORK (AFP) - News Corp said Friday its board approved the breakup of the media-entertainment conglomerate headed by Rupert Murdoch into two separate companies, to be effective June 28.
May 24, 2013, 9:34 pm
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U.S. durable goods orders point to factory resilience

By Jason Lange
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon...
May 24, 2013, 9:16 pm
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News Corp's publishing business to initiate stock buyback

(Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away.
The board of the...
May 24, 2013, 9:10 pm
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HSBC calls for faster banking reforms

By Steve Slater and Matt Scuffham
LONDON (Reuters) - HSBC called on regulators to speed up industry reform as its shareholders urged Europe's biggest bank to take a lead ...
May 24, 2013, 9:06 pm

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Default should be option for eurozone nations: Bundesbank

PARIS (AFP) - The head of the German central Bundesbank Jens Weidmann said on Friday that eurozone countries should be able to default, a possibility which the EU has gone to great lengths to avoid during the current crisis.
May 24, 2013, 8:42 pm

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Germany must 'spread cost of energy shift fairly'

BERLIN (AFP) - Germany must shield its consumers from paying too much of the cost of its ambitious switch from nuclear power and fossil fuels towards renewable energy, the International Energy Agency said on Friday.
May 24, 2013, 8:36 pm

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Eurozone sees bank union progress by June

BRUSSELS (AFP) - Key obstacles to a banking union, seen as a keystone in locking down the debt crisis, should be resolved within the next few weeks, the official in charge of the day-to-day operation of the eurozone told AFP in an exclusive interview.
May 24, 2013, 8:34 pm
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India's Jet Airways shareholders approve Etihad deal

MUMBAI (AFP) - Shareholders of India's Jet Airways on Friday approved a deal in which Abu Dhabi-based airline Etihad will take a 24 percent stake in the private carrier, media reports said.
May 24, 2013, 8:18 pm

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Analysis - German economy to pick up but fall short of traditional pace

By Sarah Marsh
BERLIN (Reuters) - Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession ...
May 24, 2013, 7:55 pm

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Italian firms tap debt market as bank lending dries up

By Francesca Landini
MILAN (Reuters) - More Italian companies are set to tap the debt market for the first time this year, hoping to attract yield-hungry investors and find alternative ...
May 24, 2013, 7:47 pm
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EU risks 'too big to cooperate' bank supervision

By Martin Santa and Huw Jones
BRUSSELS/LONDON (Reuters) - The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe's banks d...
May 24, 2013, 7:39 pm
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Gloom over French manufacturers lifts in May: survey

PARIS (AFP) - French manufacturers turned sharply brighter about their business prospects in May because activity was unexpectedly buoyant and orders were picking up, official survey data showed on Friday.
May 24, 2013, 7:34 pm

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3i grows infrastructure arm with Barclays fund purchase

LONDON (Reuters) - 3i Group PLC is to buy the European infrastructure fund management business of British bank Barclays as part of a drive to boost its fee income from pub...
May 24, 2013, 7:27 pm
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Egypt's cash-strapped rulers woo former regime tycoons

CAIRO (AFP) - Almost three years after an uprising fuelled by the old regime's venality, Egypt's cash-strapped Islamist government is making amends with businessmen who offer to pay their way back into the fold.
May 24, 2013, 7:24 pm

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Steel distributor Kloeckner to cut more jobs, sites

DUESSELDORF, Germany (Reuters) - German steel distributor Kloeckner & Co increased planned job cuts to more than 2,000, the third time it has broadened the scope of its restructur...
May 24, 2013, 7:16 pm
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Dai-ichi expands in Southeast Asia with Panin Life deal - source

By Taiga Uranaka
TOKYO (Reuters) - Japan's Dai-ichi Life Insurance Co Ltd <8750.T> has agreed to buy a 40 percent stake in Panin Life from the parent of the Indonesian insurer for...
May 24, 2013, 6:56 pm
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Japan life insurers may keep money at home as bond yields rise

By Taiga Uranaka
TOKYO (Reuters) - Japanese life insurers are giving signs that they may not send much more of their $3 trillion in assets abroad this year, as Japanese government bond ...
May 24, 2013, 6:45 pm
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Standard Chartered's Sands says Muddy Waters' debt bet misplaced

By Janeman Latul and Kanupriya Kapoor
JAKARTA (Reuters) - Standard Chartered PLC's chief executive Peter Sands denied U.S. activist investor Muddy Waters' claim that the ...
May 24, 2013, 6:45 pm
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Tighter oil market will boost unloved energy stocks - Investec

By Claire Milhench
LONDON (Reuters) - A tighter oil market in the second half of 2013 will boost some energy stocks, which have trailed the rest of the equity market though the rally, s...
May 24, 2013, 6:38 pm
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Mitsubishi Motors manoeuvres to end 15-year dividend drought

By Yoko Kubota
TOKYO (Reuters) - Mitsubishi Motors Corp <7211.T>, the Japanese maker of Triton pickups, the Outlander Sport SUV and i-MiEV electric car, wants shareholders to appr...
May 24, 2013, 6:36 pm
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