Latest Breaking Business News
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Analysis Airline emissions deal may not come before EU deadline
(Reuters) - Hope is fading for a global deal to regulate the airline industry's greenhouse gas emissions ahead of a fall deadline, even though failure could push the industry back to the brink of a trade war over the European Union's emissions trading ...
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Analysis Frontier Markets booming but risks mounting
NEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track ...
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German minister calls EU move on China solar grave mistake
Reuters © Germany's Vice Chancellor and Free Democratic Party (FDP) Chairman Philipp Roesler attends the second day of an extraordinary FDP Party meeting in Nuremberg May 5, 2013. REUTERS/Kai ...
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Tesco clothing brand plans international expansion
said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.Up to six stores will be opened this year, with the first in the Kazakh capital Astana next month.F&F gave no details ...
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EU ridiculed for banning olive oil jugs from restaurants
EU bureaucrats have been ridiculed for shifting their focus from fighting the eurozone's debt crisis to impose strict rules on how restaurants serve olive oil.From 1 January eateries will be banned from serving oil to diners in small glass jugs or dipping bowls and forced instead to use pre-sealed, non-refillable bottles that must be disposed of when empty.The European commission said the ...
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U.S. job market gains could lead Fed to taper QE3 early
By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labour market do not prove fleeting. Much will ...
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Greece to sell Postbank Proton in July stress-test big banks
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection ...
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MARKET SNAPSHOT Stock Rallys Breadth Is A Sign Of Strength Froth
The S&P 500 Index (SPX) rose 2.1% last week to close at a record of 1,667.47 Friday, its 16th record close this year. Similarly, the Dow Jones Industrial Average (DJI) rose 1.6% on the week to 15,354.40, its 21st record of the year. The major benchmarks, including the Nasdaq Composite (RIXF), have made a nearly unchecked 16%-17% gain for the year.It's not just the indexes that are ...
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Stocks to Watch Stocks to watch Campbell Soup Qihoo
SAN FRANCISCO (MarketWatch) -- Expectations are running high for Campbell Soup going into the food company's earnings report Monday ...
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Market Snapshot Stock rally’s breadth is a sign of strength froth
"The bulls don't have to try too hard because previous bearish forces are adding fuel to the fire, propelling the market higher," Wilkinson ...
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Sir Mervyn King dont demonise bankers
Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the turmoil which struck the world economy almost six years ago.King, who leaves the Bank this summer, told Sky News's Murnaghan programme that there was widespread risk-taking in the runup to ...
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Bank of Englands King sends message to successor Carney
Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, ...
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Microsoft to announce new Xbox
DURANGO, Infinity, 720, whatever the name, it seems clear Microsoft will launch the next generation Xbox console on May 21. It's been nearly eight years since the Xbox 360 was launched and while it's had its ups and downs, there can be no doubt it's one of the most successful game consoles of all time. Microsoft has remained tight lipped on the mere existence of a new console and, ...
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Shell Had Lobbied against Tighter Regulation - Report
Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) last year argued against proposed European rules designed to tighten scrutiny of commodity markets, according to documents obtained by the Sunday Telegraph.Last week, European regulators conducted probes of oil companies, including Shell, BP PLC (BP, BP.LN), and Statoil ASA (STO, STL.OS), as well as Platts, a price-reporting agency. EU ...
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EU decision to lift Syrian oil sanctions boosts jihadist groups
oil sanctions in an effort to aid the opposition has accelerated a scramble for control over wells and pipelines in rebel-held areas and helped consolidate the grip of jihadist groups over the country's key resources.Jabhat al-Nusra, affiliated ...
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The Irish Times Timidity in turbulent economic times
The newspaper was first published on March 29, 1859 on a thrice weekly basis. Daily publication began on June 8, 1859. The current editor of The Irish Times terms his daily publication "a newspaper of reference," in place of the label "newspaper of record," which has been made redundant in the Internet age. However, while the appetite to take on the forces of social ...
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Exclusive South Africas NUM seeks 15-60 percent wage hikes from gold coal producers
JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks which are expected to be among the toughest ...
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Should You Pay Off Your Exs Credit Cards
and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks. In other words, divorces can get messy -- sometimes really messy -- and it should come as no surprise that money is often at the root of the problem. Getting through the divorce is hard enough, but the money problems don't always end when the papers are signed. In fact, joint ...
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BoE governor King warns of euro risk to British recovery
Governor of the Bank of England Mervyn King speaks to employees during the opening of the Prudential Regulation Authority, in central London April 2, ...
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BOEs King More Needs to Be Done for U.K. Recovery - TV
More needs to be done to secure the U.K.'s economic recovery, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. It's only a modest recovery, and we certainly can't be satisfied with it," Mr. King said in excerpts of an interview to be broadcast on Sky News at 0900 GMT.He added policy makers need to do more to drive recovery and ensure idle resources ...
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Abuse of women and children – even nice guys are guilty of looking away
Suzanne Moore leads a phalanx of angry women with a lot to say about the flood of abuse cases, but men have signally failed to rise to the ...
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Microsoft to launch new Xbox game console this week
Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market.Gamers are gravitating to ...
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Independent Scotland open to Cyprus-style bank risks says Britain
Reuters © Scotland's Finance Secretary John Swinney gestures during his draft budget address in the debating chamber of the Scottish Parliament in Edinburgh, Scotland September 20, 2012. REUTERS/David ...
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Winning ticket for 590-mln-dollar Powerball jackpot sold in Florida
The winning ticket was sold at a supermarket in Zephyrhills, Florida. No further details on the lone winner was available. The numbers drawn Saturday were: 10, 13, 14, 22 and 52 with a Powerball number of ...
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Kuwait replaces oil officials at KPC after $2.2 billion Dow payment
KUWAIT (Reuters) - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co ...
Silicon Valley Focus
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Silicon Valley's Expo ambitions
Moffet Field, a fairly unknown former military airbase in Silicon Valley near Mountain View and Sunnyvale, may become the centerpiece of the 2020 World Expo if Governor Schwarzenegger and other advocated of a California bid get their way.
California wants one of its cities to host the 2020 World Expo, the event is a seminal one on the world calendar and is expected to draw in over 70 million visitors to Shanghai, the city currently hosting the exhibition, which last six months. Read more
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