
AIG to sell $6 billion in AIA stock to repay bailout, Denny Thomas And Clare BaldwinHONG KONG (Reuters) - American International Group is selling part of its stake in AIA Group to raise about $6 billion, which will help the insurer repay part of its governmen...
Fed's Fisher says more bond buys risky, Bruce NicholsDALLAS (Reuters) - Only a dire situation would call for the Federal Reserve to buy more assets, and that is unlikely given the better-looking economic data, a top central bank...
Swiss lawmakers vote to accept U.S. tax plan, Staff ReporterZURICH (Reuters) - Swiss lawmakers have passed a tax proposal seen as key to settling a U.S. probe into Swiss banks with hidden offshore accounts.The proposal, which clarifies...
Wall Street falls as China cuts growth target, Rodrigo CamposNEW YORK (Reuters) - The basic materials and energy sectors led stocks lower on Monday after China, the world's second-largest economy, cut its growth target for 2012.Data sho...
Daimler to recall more than 100,000 trucks, Staff ReporterFRANKFURT (Reuters) - Daimler <DAIGn.DE> will recall more than 103,000 trucks in North America because of potentially faulty fuel lines, the United States Nation...
Slowing China aids global economic rebalancing, Alan Wheatley, Global Economics CorrespondentLONDON (Reuters) - China's acceptance of a slower rate of growth rattled markets on Monday, but it also shows that the gradual rebalancing of the global economy long sought by...
Fed's Fisher: more bond buys risky, unlikely, Staff ReporterDALLAS (Reuters) - Only the most "dire of circumstances" should spur the U.S. Federal Reserve to buy more assets, and that is unlikely, a top central bank official on Monday.D...
Wall St drops after China cuts its growth target, Rodrigo CamposNEW YORK (Reuters) - Stocks fell on Monday, dragged lower by the basic materials and energy sectors after China, the world's second-largest economy, cut its growth target for ...
Lawmakers urge regulatory crackdown on oil speculators, Christopher DoeringWASHINGTON (Reuters) - Democratic lawmakers called on the country's futures regulator to crack down on excessive speculation in oil markets as rising gasoline prices moves to ...
Wall Street's bonuses fell 25 percent in 2011: NYC monitor, Staff ReporterNEW YORK (Reuters) - Wall Street's bonuses were estimated on Monday to have fallen nearly 25 percent in 2011 by a New York City fiscal watchdog, almost twice what the state co...
Wall Street drops after China cuts its growth target, Rodrigo CamposNEW YORK (Reuters) - Stocks fell on Monday, dragged lower by the basic materials and energy sectors after China, the world's second-largest economy, cut its growth target for ...
ECB to signal policy lull as debt storm calms, Sakari SuoninenFRANKFURT (Reuters) - The European Central Bank is likely to signal on Thursday that it has done all it intends to do to fight the euro zone crisis, putting the onus back on g...
Top lenders back Greek bond swap plan, Staff ReporterLONDON/ATHENS (Reuters) - Greece's major bondholders voiced their support on Monday for a deal that will halve the value of their debt holdings and aims to put the country bac...
Judge refuses to dismiss Madoff-NY Mets case, Staff Reporter(Reuters) - The owners of the New York Mets baseball team on Monday lost their bid to end a $386 million lawsuit brought by the trustee seeking money for victims of Bernard Ma...
Leahy sees several more years as Boeing's enemy No.1, Tim HepherPARIS (Reuters) - John Leahy, the American supersalesman who propelled Airbus from European upstart to the world's largest maker of passenger jets, disclosed he has no plans t...
Wall Street extends losses; Apple hits Nasdaq, Staff ReporterNEW YORK (Reuters) - Stocks extended losses on Monday as data showing a decline in European private sector activity last month and a reduced target for China growth renewed co...
Service sector expands at fastest pace in year, Leah SchnurrNEW YORK (Reuters) - The services sector expanded at its fastest pace in a year in February, but new orders for factory goods dropped in January, data showed on Monday.The Ins...
January factory orders fall most in over a year, Staff ReporterWASHINGTON (Reuters) - New orders for factory goods dropped in January by the most in over a year and businesses cut orders for new capital goods, suggesting one of the driver...
El Paso delays vote on Kinder Morgan deal, Staff Reporter(Reuters) - El Paso Corp <EP.N> delayed a meeting at which shareholders are due to vote on the pipeline company's more than $23 billion acquisition by rival Kind...
Wall Street off on economy concerns, dip buying seen, Edward KrudyNEW YORK (Reuters) - Wall Street stocks eased on Monday after data showing a decline in European private sector activity last month and a reduced target for China growth gave ...
IIF members to take part in Greek bond swap, Staff ReporterATHENS (Reuters) - Major holders of Greek government debt said on Monday they will take part in a bond swap plan.Twelve banks, insurers, asset managers and hedge funds in the ...
Instant view: February service sector highest level in a year, Staff ReporterNEW YORK (Reuters) - The pace of growth in the U.S. services sector unexpectedly picked up in February to its highest level in a year, according to an industry report released...
February service sector highest level in a year: ISM survey, Staff ReporterNEW YORK (Reuters) - The pace of growth in the U.S. services sector unexpectedly picked up in February to its highest level in a year, according to an industry report released...
IIF steering committee members to take part in Greek bond swap, Staff ReporterATHENS (Reuters) - Major holders of Greek government debt said on Monday they will take part in a bond swap plan.Twelve banks, insurers, asset managers and hedge funds in the ...
Europe data, China weigh Wall Street down, Staff ReporterNEW YORK (Reuters) - Stocks edged lower at the open on Monday after data showing a decline in European private sector activity and a lower growth target for China gave investo...
Walgreen February sales hit by Express Scripts exit, Staff Reporter(Reuters) - Walgreen Co <WAG.N> suffered a bit in February, with comparable sales down 4.6 percent in the second month that the largest U.S. drugstore chain did ...
Video game industry looks for new plan to reach players, Liana B. BakerSAN FRANCISCO (Reuters) - The $64 billion global video games industry, shaken up by the likes of Zynga in recent years, may be on the verge of another identity crisis.Hardware...
AIG selling $6 billion of AIA shares, to repay bailout, Denny Thomas And Clare BaldwinHONG KONG (Reuters) - American International Group (AIG) is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal gove...
Stock futures off on economy concerns, dip buying seen, Edward KrudyNEW YORK (Reuters) - Stock index futures eased on Monday after data showing a decline in European private sector activity last month and a lower target for China growth gave i...
Jaguar Land Rover, Chery seek approval for $2.8 billion JV, Fang Yan And Ken WillsBEIJING (Reuters) - Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people ...
Dunkin' aims at China with pork donuts, LeBron James, Eveline DanubrataSINGAPORE (Reuters) - Pork donuts may not be palatable to Americans or Europeans, but the parent company of Dunkin' Donuts and the Baskin-Robbins ice cream chains is catering ...
Stock futures fall on global economy worries, Edward KrudyNEW YORK (Reuters) - Stock index futures fell on Monday after data showed Europe's private sector activity declined last month and China cut its growth target, reigniting conc...
Stock futures decline on global economy concerns, Edward KrudyNEW YORK (Reuters) - Stock index futures fell on Monday after data showed Europe's private sector activity declined last month and China cut its growth target, reigniting conc...
Jaguar Land Rover, Chery seek approval for joint venture, Fang Yan And Ken WillsBEIJING (Reuters) - Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people ...
EU's Barroso says sure Spain will honor commitments, Staff ReporterVIENNA (Reuters) - European Commission President Jose Manuel Barroso said on Monday he was confident Spain would fulfill its EU budget discipline commitments despite setting i...
EU moves closer to quotas for women on boards, Anjuli DaviesLONDON (Reuters) - The European Commission moved one step closer on Monday to forcing companies to increase the number of women on their boards with a consultation on imposed ...
Euro zone retail sales post surprise rise, Jan StrupczewskiBRUSSELS (Reuters) - Euro zone shoppers increased spending in January, a surprise after four months of falls but economists said a quarterly reading that smoothes over the dat...
Stock index futures signal early losses, Staff Reporter(Reuters) - Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.48 percent, Dow Jones futures down 0.51 percent, ...
Credit Suisse to buy back $4.4 billion of securities, Staff ReporterZURICH (Reuters) - Credit Suisse <CSGN.VX> said on Monday it planned to buy back up to 4 billion Swiss francs ($4.4 billion) in outstanding securities in a bid t...
Jaguar Land Rover, Chery seek OK for $2.8 billion JV, Fang Yan And Ken WillsBEIJING (Reuters) - Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people ...
Jaguar Land Rover, Chery seek OK for $2.8 billion, Fang Yan And Ken WillsBEIJING (Reuters) - Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people ...
Exclusive: India MRPL plans cut in Iran oil imports: sources, Nidhi VermaSYDNEY (Reuters) - Iran's biggest Indian oil client, Mangalore Refinery and Petrochemicals Ltd (MRPL) <MRPL.NS>, plans to cut its annual import deal with Tehran ...
China cuts growth target to 8-year low, to boost consumption, Zhou Xin And Kevin YaoBEIJING (Reuters) - Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first prior...
Glencore says Xstrata deal "fair" for all investors, Staff ReporterLONDON (Reuters) - Commodities trader Glencore <GLEN.L>, which has agreed to a $37 billion takeover of miner Xstrata <XTA.L>, said on Monday the de...
Glencore sticks to its guns on Xstrata merger terms, Staff ReporterLONDON (Reuters) - Commodities trader Glencore <GLEN.L> brushed aside worries over recalcitrant Xstrata <XTA.L> investors on Monday, sticking to wh...
BP boosted by oil spill settlement, Tom BerginLONDON (Reuters) - Shares in BP rose over 2 percent on Monday after the oil giant reached a settlement with businesses and individuals impacted by the Gulf of Mexico oil spill...
Jaguar Land Rover, Chery seek OK for $2.8 billion China JV, Fang Yan And Ken WillsBEIJING (Reuters) - Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people ...
BP seen boosted by oil spill settlement, Tom BerginLONDON (Reuters) - Shares in BP are expected to rise 5-9 percent on Monday after the oil giant reached a settlement with businesses and individuals impacted by the Gulf of Mex...
Analysis: Out of intensive care, Europe risks chronic illness, Paul TaylorBRUSSELS (Reuters) - The euro zone is out of the emergency ward, but it may face a chronic debilitating illness rather than a rapid convalescence.The challenges confronting Eu...
AIG selling $6 billion of AIA shares, to repay U.S. bail-out, Denny Thomas And Clare BaldwinHONG KONG (Reuters) - American International Group (AIG) <AIG.N> is looking to raise about $6 billion by selling part of its stake in Asia subsidiary AIA Group &...
US-BUSINESS Summary, Staff ReporterWall Street off on economy concerns, dip buying seenNEW YORK (Reuters) - Wall Street stocks eased on Monday after data showing a decline in European private sector activity la...
China cuts 2012 growth target to 7.5 percent, stability key, Zhou Xin And Kevin YaoBEIJING (Reuters) - Chinese Premier Wen Jiabao cut his nation's growth target to 7.5 percent for 2012 to give the economy more room to slow down if needed while the government...