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Updated: 28 min 31 sec ago

LSE to buy Citi's fixed-income analytics and index operations for $685 million

49 min 52 sec ago
(Reuters) - London Stock Exchange (LSE) has agreed to buy Citigroup's fixed-income analytics platform and index business for $685 million in cash, the companies said on Tuesday.

Singapore's central bank ends 1MDB review, penalizes Credit Suisse, UOB

Mon, 05/29/2017 - 8:59pm
SINGAPORE (Reuters) - Singapore's central bank said on Tuesday that it has imposed financial penalties on Credit Suisse and United Overseas Bank (UOB) after completing its two-year review of banks involved in 1MDB-related transactions.

Euro slips on Greece bailout, Italian vote concerns; stocks drift

Mon, 05/29/2017 - 8:54pm
SINGAPORE (Reuters) - The euro came under pressure on Tuesday after a media report that Greece may forego its next bailout payment if creditors cannot strike a debt relief deal, while Asian stocks were shackled by holidays in some regional markets and the United States and UK.

Strong start to summer driving season pushed U.S. oil rises towards $50

Mon, 05/29/2017 - 8:50pm
SINGAPORE (Reuters) - U.S. crude oil prices rose toward $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.

Dollar firms against sterling, euro amid political uncertainties

Mon, 05/29/2017 - 8:31pm
TOKYO (Reuters) - The dollar firmed on Tuesday, taking back ground against the euro and sterling which were pressured by political uncertainties in the UK and eurozone.

New Russian jet heralds carbon manufacturing shake-up

Mon, 05/29/2017 - 2:21pm
PARIS (Reuters) - Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future.

Monte dei Paschi says in exclusive talks over bad loan sale

Mon, 05/29/2017 - 2:01pm
MILAN (Reuters) - Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state.

'We are not amused': Belgian monarchy angered by Burger King

Mon, 05/29/2017 - 1:29pm
BRUSSELS (Reuters) - Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month.

Akzo Nobel wins court case against dissident shareholders

Mon, 05/29/2017 - 1:24pm
AMSTERDAM (Reuters) - A Dutch court on Monday rejected a request by Akzo Nobel investors for it to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries , handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion-euro ($28 billion) proposed offer.

U.S. companies no longer know rules of game under Trump, Hasbro director says

Mon, 05/29/2017 - 11:39am
CASCAIS, Portugal (Reuters) - Confusion surrounding the trade policies of U.S. President Donald Trump's administration means U.S. companies no longer know the rules of the game, a board member and former CEO of toymaker Hasbro told an international conference on Monday.

With flights back in the skies, British Airways must now repair damaged reputation

Mon, 05/29/2017 - 10:34am
LONDON/BERLIN (Reuters) - British Airways must turn its attention to repairing its brand after a weekend of chaos and criticism caused by a major IT outage that grounded flights from London's two main airports.

RBS investor group accepts offer to end lawsuit over 2008 cash call

Mon, 05/29/2017 - 9:47am
LONDON (Reuters) - A group representing Royal Bank of Scotland investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account over a 12 billion pound ($15 billion) cash call in 2008.

Japan Tobacco plans to quadruple smokeless tobacco output capacity by 2018: CEO

Mon, 05/29/2017 - 7:11am
TOKYO (Reuters) - Japan Tobacco Inc plans to spend $500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.

BMW says shortage of parts from Bosch hampers production

Mon, 05/29/2017 - 6:18am
FRANKFURT (Reuters) - German carmaker BMW said a shortage of steering gears supplied by Robert Bosch [ROBG.UL] slowed production of its 1 series, 2 series, 3 series and 4 series BMW models and caused stoppages at its plants in South Africa and China.

China's slam dunk 'sharing economy' booms, but can it last?

Mon, 05/29/2017 - 5:13am
BEIJING (Reuters) - Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice?

As Fed raises rates, aim is not to roil markets, Williams says

Sun, 05/28/2017 - 9:49pm
(Reuters) - The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as it slowly returns interest-rate policy to normal.

Britain's Heathrow says BA still experiencing some disruptions

Sun, 05/28/2017 - 8:38pm
(Reuters) - London's Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure at the airline.

Dollar steady, markets take North Korea missile test in stride

Sun, 05/28/2017 - 8:36pm
TOKYO (Reuters) - The dollar was steady in early Asian trading on Monday, holding well above last week's 6-1/2-month lows and taking news of Pyongyang's latest missile test in stride.

Asia steady on firmer Wall Street, pound nurses losses

Sun, 05/28/2017 - 8:23pm
TOKYO (Reuters) - Asian stocks steadied early on Monday, taking cues from Wall Street shares hovering around record highs, while the pound nursed losses after a poll showed a shrinking lead for Prime Minister Theresa May's party in Britain's upcoming elections. MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed.

Lenovo's struggling mobile business sets sites on high-end market

Sun, 05/28/2017 - 7:09pm
HONG KONG (Reuters) - After a bruising fall from its spot as the world's third-largest mobile phone maker following its acquisition of Motorola three years ago, China's Lenovo Group Ltd is counting on a push upmarket to stop the bleeding in its smartphone business.