HSBC says Q1 profits jump to $8.4 billion as bad debts drop
LONDON (Reuters) - HSBC said its first quarter profits almost doubled from a year ago to more than $8 billion (5 billion pounds) as bad debts and costs fell, with Europe's biggest bank showing the...
View ArticleEthiopian Airlines flies first 787 Dreamliner flight since suspension
ADDIS ABABA (Reuters) - Ethiopian Airlines became the world's first carrier to resume commercial flights with Boeing Co's grounded 787 Dreamliner passenger jets, a Reuters witness said, as one of the...
View ArticleNomura says Italian prosecutors ordered unit's assets frozen
TOKYO (Reuters) - Nomura Holdings said on Friday that Italian prosecutors had ordered a unit's assets in Italy frozen in relation to an ongoing legal dispute over a derivates financing deal with...
View ArticlePearson first-quarter sales up three percent
LONDON (Reuters) - British publisher Pearson said sales in the first quarter rose by 3 percent, in line with expectations, as demand in emerging markets and for education services offset tough trading...
View ArticleStagecoach 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 last year. The...
View ArticleBoE's McCafferty says is "cautiously optimistic"
LONDON (Reuters) - Bank of England policymaker Ian McCafferty said that he was "cautiously optimistic" about Britain's economy, though recovery would continue to be difficult. "I see grounds for hope....
View ArticlePAI Partners buys ice cream maker R&R for 850 million euros
By Tommy Wilkes LONDON (Reuters) - French private equity firm PAI Partners will buy R&R Ice Cream from rival Oaktree Capital in a deal financed by a form of debt popular during the credit boom -...
View ArticleBundesbank confirms sent ECB report to German court
FRANKFURT (Reuters) - The Bundesbank confirmed as genuine on Friday a leaked report prepared for Germany's Constitutional Court that criticises the European Central Bank's plan to buy the debt of...
View ArticleCommerzbank won't fight ruling in London bonus case
FRANKFURT (Reuters) - Commerzbank is dropping its efforts to fight a ruling that forces it to pay 104 London-based bankers around 52 million euros ($68 million) in bonuses, plus costs, after losing a...
View ArticleRenault hopes to have approval for Chinese plant by summer - CEO
PARIS (Reuters) - Renault-Nissan hopes to receive final approval from Beijing by the summer to build its first Renault plant in China, Chief Executive Carlos Ghosn said on Saturday. Ghosn had said...
View ArticleJP Morgan, Greenhill advising GSK on sale of soft drinks brands
LONDON (Reuters) - JP Morgan and Greenhill have been appointed to advise GlaxoSmithKline on the sale of its soft drinks brands Lucozade and Ribena, which analysts believe will fetch more than 1...
View ArticleCarphone 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 ($730 million), ending a five-year relationship....
View ArticleDecision on bank stress tests within two months - Buba
FRANKFURT (Reuters) - European regulators will decide within two months how to conduct an extensive review of the euro zone's lenders, Bundesbank Vice-President Sabine Lautenschlaeger said on Tuesday....
View ArticleFrance sells 2.1 percent EADS stake
PARIS (Reuters) - The French government sold a 2.1 percent stake in Airbus parent EADS for 707 million euros (596 million pounds), it said on Friday, marking one of the final steps in the overhaul of...
View ArticleGermany pushing for faster reform in euro zone - magazine
BERLIN (Reuters) - Germany wants further reforms and savings in crisis-hit euro zone states, according to a report obtained by German magazine Spiegel in which Berlin evaluates progress made under...
View ArticleNZ's Telecom to acquire Revera Ltd
WELLINGTON (Reuters) - New Zealand's Telecom Ltd said on Monday it would acquire privately-owned local IT infrastructure and data centre company Revera Limited for NZ$96.5 million (52.8 million...
View ArticleRBS returns to profit, to finish restructuring in 2014
LONDON (Reuters) - State-backed Royal Bank of Scotland reported its first quarterly profit in 18 months on Friday and said it expected to complete its restructuring during 2014, potentially enabling...
View ArticleFirst Data names JPMorgan executive Bisignano as CEO
(Reuters) - Electronic payment processor First Data Corp. said on Sunday it hired top JPMorgan executive Frank Bisignano as its chief executive officer, effective Monday April 29. As earlier reported...
View ArticleMasterCard profit rises 12 percent
(Reuters) - MasterCard Inc , the world's second-largest credit and debit card network, reported a 12 percent rise in quarterly profit as more people used credit and debit cards instead of cash. Net...
View ArticleEconomic mood in euro zone sours again in April
BRUSSELS (Reuters) - Confidence in the euro zone's economy fell for a second straight month in April and by more than expected, data showed on Monday, strengthening the case for a cut in interest...
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