Monday, May 20th, 2013

World

Xi condoles death of Chinese student in Boston attack

BEIJING (Reuters) - Chinese President Xi Jinping has offered condolences to the family of a Chinese graduate student who was killed in the attack on the Boston Marathon and to another student who was ...
April 18, 2013, 5:41 pm
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Frenchman charged with Bali drug smuggling

DENPASAR, Indonesia (AFP) - A Frenchman appeared in an Indonesian court on Thursday charged with trying to smuggle 69 grammes (2.4 ounces) of hashish into the resort island of Bali, an offence punishable by death.
April 18, 2013, 5:27 pm

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Housebuilder Persimmon to enter rental market with 600 homes

By Brenda Goh
LONDON (Reuters) - British housebuilder Persimmon Plc plans to build more than 600 homes for rent, the latest in a wave of investors looking to profit from B...
April 18, 2013, 5:25 pm

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German parliament backs Cyprus bailout

BERLIN (Reuters) - Germany's lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny Mediterranean island...
April 18, 2013, 5:18 pm

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Instant View - Retail sales edge lower as forecast in March

LONDON (Reuters) - Unusually cold weather hurt British retail sales in March, official data showed on Thursday, confirming the fragile state of the country's economy in the first three months of 2013....
April 18, 2013, 4:48 pm
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Italian parliament fails to elect state president in slap to Bersani

By Barry Moody and Steve Scherer
ROME (Reuters) - Italy's parliament failed to elect a new state president in the first two votes on Thursday with a centre-left rebellion against leader...
April 18, 2013, 4:41 pm

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Italy prosecutors turn up heat on banks in Monte Paschi inquiry

By Massimo Gaia
MILAN (Reuters) - Italian prosecutors stepped up investigations into alleged fraud at Monte dei Paschi bank by ordering police to gather evidence from JP Morgan, one of ...
April 18, 2013, 4:40 pm

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Portugal finds spending cuts to keep bailout on course

By Andrei Khalip and Daniel Alvarenga
LISBON (Reuters) - The Portuguese government approved around 800 million euros (685 million pounds) of new spending cuts on Thursday to put its EU/...
April 18, 2013, 4:36 pm

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Cold weather hurts British retail sales

By David Milliken and Olesya Dmitracova
LONDON (Reuters) - Unusually cold weather hurt British retail sales in March, but the fall was small enough to leave the possibility that the eco...
April 18, 2013, 4:32 pm

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Spain banks bad loans down in February as assets moved to "bad bank"

MADRID (Reuters) - Spanish banks' bad loans dropped to 10.39 percent of their outstanding portfolios in February, down from 10.78 percent in January, Bank of Spain data showed on Thursday.
...
April 18, 2013, 4:25 pm

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GSK shares gain 3 percent as lung drug gets thumbs-up

LONDON (Reuters) - Shares in GlaxoSmithKline gained 3.2 percent on Thursday after a U.S. panel recommended approval of new lung drug Breo Ellipta.
The inhaled drug to trea...
April 18, 2013, 4:22 pm

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Standard Chartered to buy Absa's South African custody business

JOHANNESBURG (Reuters) - Standard Chartered said on Thursday it will acquire Absa Group's South African custody and trustee operation, as the London-based lender steps up...
April 18, 2013, 3:33 pm

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Kingfisher moves into Romania with 15 store deal

LONDON (Reuters) - Kingfisher PLC , Europe's largest DIY retailer, has acquired 15 stores in Romania from French retail company Group Bresson for an undisclosed sum, Kingfisher said on Th...
April 18, 2013, 3:22 pm
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SABMiller posts strong growth in Africa, LatAm weak in Q4

LONDON (Reuters) - Global brewer SABMiller Plc said on Thursday it had posted a 7 percent rise in full year organic revenue, boosted by strong demand in Africa and a surpr...
April 18, 2013, 3:01 pm
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Persimmon to accelerate 2015 pay out to shareholders

LONDON (Reuters) - British housebuilder Persimmon said it plans to pay out a dividend of 10 pence per share to shareholders in June next year, accelerating a payment originally scheduled...
April 18, 2013, 2:52 pm

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GKN profit dented by auto industry volatility

LONDON (Reuters) - Car and plane parts maker GKN posted a 4 percent drop in first-quarter profit as its auto parts unit was hit by a restructuring charge and falling vehicle production i...
April 18, 2013, 2:50 pm
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Fireball 'rose like a mushroom cloud'

For the residents of the small town of West, in Texas, a quiet night turned into a nightmare when a massive explosion rocked the local fertiliser plant.
April 18, 2013, 2:46 pm
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Carmaker Volvo seen deep in the red in China for 2012 - paper

STOCKHOLM (Reuters) - Swedish carmaker Volvo is set to report a big operating loss in China for 2012 as thin sales and a costly new factory weighed on results, Swedish daily Svenska Dagbladet reported...
April 18, 2013, 2:44 pm

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Weak Southern Europe, France weigh on Carrefour sales

By Dominique Vidalon
PARIS (Reuters) - Carrefour , Europe's biggest retailer, posted a slowdown in like-for-like sales growth in the first quarter, reflecting difficult t...
April 18, 2013, 2:29 pm

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Diageo quarter growth boosted by U.S. spirits

LONDON (Reuters) - Global drinks group Diageo said a strong performance and higher prices in U.S. spirits, its biggest business, led it to a 4 percent growth in organic net sales, balanc...
April 18, 2013, 2:27 pm

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