Friday, May 24th, 2013

World

BMW head defends E-Mobility strategy

BMW chief Norbert Reithofer says it would be a mistake to ignore the electric car market, despite it being so niche.
April 18, 2013, 8:37 pm
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Beiersdorf's Nivea gaining ground in China

HAMBURG, Germany (Reuters) - Germany's Beiersdorf said its Nivea brand stole business away from rivals in a tough Chinese market for the first time in years in 2012.
Chi...
April 18, 2013, 8:16 pm

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Many feared dead in Texas factory blast

The small Texas town of West is under siege, with rescuers looking through rubble for survivors, a rising death toll and fears of another explosion.
April 18, 2013, 8:05 pm

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Fixed income, swaps desks face more job cuts - bankers

By Sudip Kar-Gupta
LONDON (Reuters) - Banks' fixed income and swaps teams are likely to be the next to suffer from a continuing wave of job cuts as the sector adjusts to tougher regulat...
April 18, 2013, 8:02 pm
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Vodafone moves towards U.S.-style pricing model

By Kate Holton
LONDON (Reuters) - Vodafone unveiled a raft of changes to its pricing model on Thursday, moving more towards an American-style system to help protect its income from tech...
April 18, 2013, 7:55 pm

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Lone Star, Wells Fargo in talks to buy Eurohypo portfolio - source

FRANKFURT (Reuters) - Private equity firm Lone Star and Wells Fargo are in exclusive talks to buy a 4 billion pound UK property loans portfolio, put up for sale by Commerzbank April 18, 2013, 7:54 pm
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Morgan Stanley's results weaker as bond trading stumbles

By Lauren Tara LaCapra and Tanya Agrawal
(Reuters) - Morgan Stanley posted a 14 percent drop in adjusted earnings as its bond trading unit faltered in the first quarter, ra...
April 18, 2013, 7:26 pm

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Insurer Aviva to cut 2,000 jobs and redundancy payouts

By Anjuli Davies and Sinead Cruise
LONDON (Reuters) - British insurer Aviva Plc is to cut 2,000 jobs and slash redundancy payouts in the process, setting up a showdown with the country'...
April 18, 2013, 7:19 pm

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Obama off to Boston to mourn bomb victims

As President Barack Obama heads to Boston to join mourning for the victims of the marathon blasts, authorities say they have an image of a suspect.
April 18, 2013, 7:17 pm

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Carrefour sees no let up from weak European markets

By Dominique Vidalon
PARIS (Reuters) - Carrefour , Europe's biggest retailer, sees little sign of economic improvement in the austerity-stricken continent after falling d...
April 18, 2013, 7:07 pm

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Drinks groups' sales slow on emerging market weakness

LONDON (Reuters) - Global drinks companies Diageo and SABMiller reported a fall in sales for the first three months of 2013 in major emerging markets on Thursday, blaming weaker economic conditions fo...
April 18, 2013, 6:28 pm

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Puma hires jewellery CEO to turn fortunes around

By Mette Fraende and Victoria Bryan
COPENHAGEN/HAMBURG (Reuters) - Puma poached a new chief executive from Danish jeweller Pandora, hiring a man with experience on the f...
April 18, 2013, 6:19 pm
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Diamond era ends at Barclays with Ricci exit

By Steve Slater
LONDON (Reuters) - Rich Ricci, the boss of Barclays' investment bank who collected $26 million (17 million pounds) in deferred bonuses last month, is leaving the scandal...
April 18, 2013, 6:15 pm

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European banking union on track - Austrian watchdog FMA

VIENNA (Reuters) - Austria's FMA markets watchdog expects the main pillars of the new European banking union to take effect as scheduled despite German reservations, senior FMA officials told reporter...
April 18, 2013, 6:13 pm
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Papua New Guinea quake damage fears subside

SYDNEY (AFP) - Seismologists in Papua New Guinea said Thursday there was no major damage from a 6.
April 18, 2013, 5:42 pm

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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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