Thursday, June 20th, 2013

World

Imperial Tobacco to develop e-cigarettes as profits drop

LONDON (Reuters) - Imperial Tobacco , the world's fourth-largest cigarette group by market share, said it had set up a venture to develop electronic cigarettes, as it battles an increasin...
April 30, 2013, 4:10 pm
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BoE's Miles sees CPI near two percent at end of year

LONDON (Reuters) - Bank of England policymaker David Miles said that he expected inflation to be close to 2 percent by the end of this year, substantially below what the central bank forecast in Febru...
April 30, 2013, 4:02 pm

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Bank of England's Miles sees CPI near 2 percent at end of year

LONDON (Reuters) - Bank of England policymaker David Miles said that he expected inflation to be close to 2 percent by the end of this year, substantially below what the central bank forecast in Febru...
April 30, 2013, 4:01 pm
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Spain's economy shrinks for seventh straight quarter

By Paul Day
MADRID (Reuters) - Spain fell deeper into recession in the first three months of the year, the seventh straight quarter it has seen its economy shrink, data showed on Tuesda...
April 30, 2013, 3:56 pm

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EU considers protecting savers against future bank collapses

By John O'Donnell
BRUSSELS (Reuters) - Depositors should be the very last to suffer losses when a bank collapses, according to a proposal being discussed by European Union countries and...
April 30, 2013, 3:49 pm
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Malaysia braces for closest election ever

KUALA LUMPUR (AFP) - When Malaysian voters cast ballots in Sunday's general election it will be the first time in the country's history that they do so without knowing the eventual winner.
April 30, 2013, 2:52 pm

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Stagecoach on track to hit full year earnings target

LONDON (Reuters) - Transport operator Stagecoach said it would hit its annual earnings target after especially strong growth at its British rail and North American bus businesses in the ...
April 30, 2013, 2:47 pm
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Whitbread ramps up expansion plans as profit rises

LONDON (Reuters) - Whitbread unveiled new expansion targets for its Premier Inn hotel and Costa Coffee chains on Tuesday, as strong sales at both helped push annual profit up 11.4 percen...
April 30, 2013, 2:43 pm

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New output, trading lift BP profits above forecast

By Andrew Callus
LONDON (Reuters) - BP Plc profits beat analyst expectations by almost $1 billion (644 million pounds) in the first quarter, helped by two new oilfields and a strong per...
April 30, 2013, 2:34 pm

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US, South Korea wrap up drills as tensions simmer

SEOUL (AFP) - The United States and South Korea wrapped up military drills at the centre of soaring tensions with North Korea, as Pyongyang ignored a new overture over a flagship joint industrial zone.
April 30, 2013, 2:32 pm

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N. Korea ignores overture on industrial zone

SEOUL (AFP) - North Korea has ignored a plea by South Korean businessmen to visit a joint industrial zone for talks on its future, an official in Seoul said, amid fears of a permanent closure.
April 30, 2013, 2:27 pm

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Lloyds shares near state break-even price after profit jump

By Matt Scuffham
LONDON (Reuters) - Lloyds Banking Group's first-quarter profit jumped and the bank upped its cost savings target, sending shares to a near two-year high and close to th...
April 30, 2013, 2:19 pm

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Imperial Tobacco sees profits at lower end of range

LONDON (Reuters) - Imperial Tobacco said it expects full year earnings per share to be at the lower end of its 4-8 percent target range, as the Davidoff and Gauloises cigarette maker pos...
April 30, 2013, 2:18 pm

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ASOS upbeat on outlook as profits rise

LONDON (Reuters) - British online fashion retailer ASOS posted an 11 percent rise in first half profit and remained positive on its outlook for the year, saying trading momentum was str...
April 30, 2013, 2:16 pm
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Carphone Warehouse buys out Best Buy from joint venture

LONDON (Reuters) - Mobile phone retailer Carphone Warehouse said it was buying out its joint venture partner Best Buy Co Inc for 471 million pounds, ending a five-year rela...
April 30, 2013, 2:11 pm

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German consumer sentiment brightest in more than 5-1/2 yrs

By Annika Breidthardt
BERLIN (Reuters) - German consumer sentiment rose to its highest level since October 2007 heading into May as consumers count on rising wages and as a bailout for ...
April 30, 2013, 2:07 pm

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Japan's SoftBank to brief on Sprint deal, gets Intel CEO's support

TOKYO (Reuters) - Japan's SoftBank Corp will hold a news conference on Tuesday about its deal to acquire 70 percent of U.S. wireless carrier Sprint Nextel Corp as investors seek clues on whether it mi...
April 30, 2013, 1:48 pm
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Insight - Why did Cypriot banks keep buying Greek bonds?

By Michele Kambas, Stephen Grey and Stelios Orphanides
NICOSIA (Reuters) - One day last October, a memory stick containing special software for deleting data was placed into a desktop c...
April 30, 2013, 1:36 pm

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Tokyo governor 'sorry' over Islam gaffe

TOKYO (AFP) - The governor of Tokyo apologised to the Muslim world Tuesday after saying Islamic countries have nothing in common but Allah and "fighting with each other".
April 30, 2013, 1:18 pm

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Investigators cast a wider net in Boston

The FBI has found female DNA on at least one of the two homemade bombs detonated during the Boston Marathon on April 15.
April 30, 2013, 12:57 pm

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