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(572 results)- Parliamentarian Steers EU to Strict Hedge Fund Rules
- By Julien Toyer and John O'DonnellBRUSSELS (Reuters UK) - Top parliamentarian Jean-Paul Gauzes has written to members of an influential European Union committee recommending strict rules for hedge funds that clamp down on pay and borrowing, according to his report.The EU is scrutinising a raft of regulations for the funds...
- News items 2009-11-21
- Putin Announces More Anti-crisis Aid
- By Gleb Bryanski and Denis PinchukST PETERSBURG, Russia (Reuters UK) - Vladimir Putin pledged on Saturday to widen Russia's anti-crisis aid package with a car scrappage scheme and mortgage support to jolt the economy out of the worst recession in 15 years.Putin, who now serves as Russia's prime minister after...
- News items 2009-11-21
- Not All Asset Bubbles Can Be Prevented - Bank
- By Christina FincherLONDON (Reuters UK) - Regulators need more tools to prevent the build-up of risks in the financial system but it would be unrealistic to think all asset bubbles can be prevented, according to a Bank of England paper.The discussion paper, written by a variety of senior figures at...
- News items 2009-11-21
- Rio's Cloud Peak Down in Debut
- By Clare Baldwin and Phil WahbaNEW YORK (Reuters UK) - Investors bet on growth in the IPOs of a Chinese hotel chain and an online education company on Friday, but were less enthusiastic about a spin-off of mining giant Rio Tinto.Rio Tinto's U.S. coal-mining spin-off, Cloud Peak Energy Inc CLD...
- News items 2009-11-21
- Obama Asks Americans For Patience on Economy
- WASHINGTON (Reuters UK) - President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.With unemployment at a generation high of 10.2 percent and once-lofty popularity ratings down, Obama said...
- News items 2009-11-21
- Hershey Mulls £10 Billion Solo Bid For Cadbury - Source
- By Jessica HallPHILADELPHIA (Reuters UK) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion (10 billion pounds) for chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on...
- News items 2009-11-20
- Rothschild Star, Buffett Banker Circle Cadbury
- By Victoria Howley and Jessica HallLONDON/PHILADELPHIA (Reuters UK) - Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.Goldman Sachs GS, Morgan Stanley MS and UBS UBSN secured the coveted roles defending Cadbury CBRY against Kraft's...
- News items 2009-11-20
- Barclays Takes Hold of Crescent
- NEW YORK (Reuters UK) - Morgan Stanley MS has handed off its Crescent real estate subsidiary to Barclays Capital BARCBC, the companies said on Friday.A Morgan Stanley spokeswoman said the New York bank agreed to transfer the subsidiary to Barclays in exchange for a "full release" of liability on the...
- News items 2009-11-20
- FTSE Ends Lower For 4th Day
- By Tricia WrightLONDON (Reuters UK) - The top share index ended in negative territory for a fourth consecutive session on Friday as weakness in commodity stocks and banks outweighed gains from defensive pharmaceuticals.The FTSE 100 ended down 16.29 points, or 0.3 percent, at 5,251.41 points, the lowest close since...
- News items 2009-11-20
- Ferrero, Hershey Weigh Cadbury Split-source
- By Jessica Hall and Victoria HowleyPHILADELPHIA/LONDON (Reuters UK) - Cadbury Plc CBRY suitors Ferrero and Hershey Co HSY have weighed breaking the UK confectioner up into separate businesses as part of a friendly, all-cash bid, a source familiar with the situation said on Friday.Italian chocolate maker Ferrero and U.S.-based Hershey...
- News items 2009-11-20
- Signs of Life For Credit Market - Experian
- By Clara Ferreira-MarquesLONDON (Reuters UK) - Credit information firm Experian EXPN is seeing signs of life emerging in the credit services market from 2010, as some lenders begin to plan for new customers after two years of tightening the purse strings.Experian, best known for running consumer credit checks for banks,...
- News items 2009-11-20
- Eyes on Shareholder Rules as Walker Sets Out Stall
- By Kirstin Ridley and Raji MenonLONDON (Reuters UK) - City of London grandee David Walker risks opening a Pandora's box if he turns shareholder rights into duties and requires investors to explain why they have sold shares as part of a review of bank pay and practices.Some experts argue that...
- News items 2009-11-20
- Trichet Warns Banks Risk Addiction to Support
- By Krista Hughes and Edward TaylorFRANKFURT (Reuters UK) - Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt banking conference on Friday.Financiers from the head of Deutsche Bank...
- News items 2009-11-20
- Goldman Bonus Reduction Sought - Report
- NEW YORK (Reuters UK) - Some big Goldman Sachs Group Inc GS shareholders have asked the U.S. bank to cut what could be the biggest bonuses in its history to pass more profit onto investors, the Wall Street Journal reported on Friday.Although the investors are not pushing for a huge...
- News items 2009-11-20
- First Quench Retail to Cut Over 1,900 Jobs
- LONDON (Reuters UK) - Over 1,900 workers at , the group behind wine retailer chains Threshers and Wine Rack, are losing their jobs after the administrator failed to find buyers for 381 stores.Administrator KPMG said on Friday it was in advanced talks to sell around 500 shops to a number...
- News items 2009-11-20
- Tesco Takes Further Step in Banking Push
- By Mark PotterLONDON (Reuters UK) - Tesco TSCO took a further step on its journey to become a force in banking by signing up U.S. group Fiserv FISV to provide the technology platform for its financial services business.The supermarket group said on Friday, the second day of presentations to investors...
- News items 2009-11-20
- Fund Manager Gartmore Plans IPO
- By Cecilia Valente and Daisy KuLONDON (Reuters UK) - Private equity-owned fund manager Gartmore GRTMO plans to list in London in a move which could kick-off a much-touted run of initial public offerings among companies owned by cash-hungry buyout firms.Gartmore, which was bought out by management in 2006 backed by...
- News items 2009-11-20
- Bad Debts, Low Margins Batter Nationwide
- By Clara Ferreira-MarquesLONDON (Reuters UK) - House prices could retreat in 2010 if unemployment rises sharply, Britain's third-largest mortgage lender Nationwide warned on Friday.A lack of supply and low interest rates have boosted the housing market this year, but Nationwide said prices could go into reverse with unemployment set to...
- News items 2009-11-20
- BOJ, Government Clash Over Economy
- By Leika KiharaTOKYO (Reuters UK) - The Bank of Japan upgraded its economic assessment on Friday, setting itself up for a confrontation with a government pressing for a policy response to deflation and a possible return to recession.The Japanese government published a report that pronounced the economy officially in deflation...
- News items 2009-11-20
- Philip Morris Ordered to Pay $300 Mln to Smoker
- LOS ANGELES (Reuters UK) - A Florida jury on Thursday ordered cigarette maker Philip Morris USA to pay $300 million (180 million pounds) in damages to a 61-year-old ex-smoker named Cindy Naugle who is wheelchair-bound by emphysema.The Broward Circuit Court jury assessed $56.6 million in past and future medical expenses...
- News items 2009-11-19
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