en-us Reuters UK) - Fidelity International's Anthony Bolton, an influential asset manager, said on Thursday that he plans to return to managing money next year, with a focus on China.Bolton, who retired from active fund management in 2007, said at a media briefing in Hong Kong that...]]> Wed, 25 Nov 2009 23:15:55 -0800 Reuters UK) - The price of garlic in China has nearly quadrupled since March, propelled by its very pungency to rank ahead of gold and stocks as the country's best-performing asset this year.The trigger for the bull run may have been the idea that the potent bulb can ward...]]> Wed, 25 Nov 2009 01:15:33 -0800 Reuters UK) - The three-way split among monetary policymakers' last meeting should be no surprise given the economy is at a turning point, Bank of England Governor Mervyn King said on Tuesday.The central bank's Monetary Policy Committee voted to increase its asset-buying or quantitative...]]> Tue, 24 Nov 2009 09:45:31 -0800 Reuters UK) - Bank of England Governor Mervyn King and fellow Monetary Policy Committee members Paul Tucker, Paul Fisher, Adam Posen and Andrew Sentance took questions on the November Inflation Report from the Commons' Treasury Committee on Tuesday. Following are highlights from the session.KING ON NEED FOR STIMULUS"If private...]]> Tue, 24 Nov 2009 03:00:49 -0800 Reuters) - Lehman Brothers International Europe, where more than $35 billion of hedge fund assets have been frozen since the bank's collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new plan.PricewaterhouseCoopers PWC, administrators for bankrupt...]]> Tue, 24 Nov 2009 02:45:21 -0800 Mon, 23 Nov 2009 13:28:03 -0800 JAVA JAVA Reuters UK) - British oil explorer Heritage Oil HOIL agreed to sell its Ugandan interests to Italian Eni ENI for up to $1.5 billion (902,000 pounds), enabling Heritage to back out of a planned Kurdish tie-up which Iraqi political disputes made increasingly unattractive.Proceeds from the sale would...]]> Mon, 23 Nov 2009 09:46:24 -0800 Reuters) - Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million after it trumped Nokia Siemens Networks in a three-day auction.The deal will more than double Ciena's turnover, prompting the market to focus on how...]]> Mon, 23 Nov 2009 06:45:30 -0800 NOK NT SI NOK,NT,SI Reuters UK) - UK explorer Heritage Oil HOIL has agreed to sell its Ugandan interests to Italy's Eni ENI for up to $1.5 billion (902.5 million pounds), enabling Heritage to back out of a planned Kurdish tie-up which Iraqi political disputes made increasingly unattractive.Heritage's Chief Financial Officer...]]> Mon, 23 Nov 2009 03:46:10 -0800 Reuters) - Ciena Corp CIEN will buy Nortel Networks Corp's optical networking and carrier ethernet business for $769 million after trumping Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday.Last month, the U.S. network equipment maker announced it had made a stalking-horse offer...]]> Sun, 22 Nov 2009 21:30:15 -0800 CIEN JPM NT CIEN,JPM,NT Reuters) - Chieftain Capital Management, an investment firm with about $3 billion in assets, is breaking up following a rift among its managers, the Wall Street Journal reported on its website on Sunday.Glenn Greenberg, a co-founder, plans to stay at the firm, which will be renamed Brave Warrior...]]> Sun, 22 Nov 2009 19:00:23 -0800 CMCSA GE CMCSA,GE Sun, 22 Nov 2009 18:00:00 -0800 Reuters) - Indian Prime Minister Manmohan Singh said on Sunday there was no substitute to the U.S. dollar for replacement as the global reserve currency."As far as I can see there is no substitute for the dollar," Manmohan Singh told CNN International television in an interview, coinciding...]]> Sun, 22 Nov 2009 08:00:10 -0800 Reuters) - The auction for Nortel Network's optical networking and carrier ethernet business went into a second day on Saturday, after Ciena CIEN called for a break in the auction late on Friday, two sources said.Last month Nortel Networks Corp, the bankrupt Canadian telecommunications equipment maker, said that...]]> Sat, 21 Nov 2009 12:00:10 -0800 CIEN NT CIEN,NT 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...]]> Sat, 21 Nov 2009 03:45:23 -0800 Fri, 20 Nov 2009 15:15:37 -0800 Reuters) - Talks on the sale of Vivendi SA's VIV NBC Universal NBCU stake to General Electric Co GE hinge on when Vivendi would get paid as well as how much, people familiar with the matter said on Friday.The two sides are up...]]> Fri, 20 Nov 2009 10:15:32 -0800 CMCSA GE CMCSA,GE Fri, 20 Nov 2009 09:05:11 -0800 Thu, 19 Nov 2009 16:35:13 -0800 Reuters UK) - U.S. Federal Reserve officials on Thursday said inflation is not an imminent threat and downplayed the consequences of the falling U.S. dollar.Philadelphia Federal Reserve Bank President Charles Plosser and Dallas Federal Reserve Bank President Richard Fisher both said the U.S....]]> Thu, 19 Nov 2009 14:45:43 -0800