U.S. jobless claims data suggests labor market strength23/05 17:39 CET, By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the…
- U.S. urges action from Europe to avert prolonged stagnation
23/05 16:46 CET, WASHINGTON (Reuters) – The United States on Thursday called on Europe to act decisively to boost its economy and counter the risk of a protracted stagnation that would undermine…
Tesco will not pay executive bonuses without rise in profits23/05 16:30 CET, LONDON (Reuters) – Tesco executives will not receive a bonus in the current financial year unless they can reverse a decline in profits at Britain’s biggest supermarket operator…
- U.S. jobless claims data suggests labour market strength
23/05 15:58 CET, By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the…
- Pearson overhauls business structure to target growth markets
23/05 15:54 CET, By Paul Sandle LONDON (Reuters) – UK-based publisher Pearson , buffeted by a string of managerial changes and slowing growth, unveiled a further shake-up on Thursday that it said…
- EU lawmakers back French push to limit U.S. trade talks
23/05 15:49 CET, By Claire Davenport and Robin Emmott BRUSSELS (Reuters) – European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the…
Apple enjoyed Irish tax holiday from the start23/05 15:47 CET, By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) – Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to…
- General Electric considering IPO for finance business - CEO
23/05 15:27 CET, (Reuters) – General Electric Co is considering spinning off parts of its financial arm, GE Capital, through an initial public offering as part of its plan to reduce the size of…
- Ralph Lauren sales miss estimates, but it sees a pick-up
23/05 15:09 CET, (Reuters) – Ralph Lauren Corp on Thursday reported sales that fell below its own projections, hurt by fewer deliveries to European department stores, but gave a fiscal year…
- Ralph Lauren sales miss estimates, but it sees a pick-up
23/05 15:08 CET, (Reuters) – Ralph Lauren Corp on Thursday reported sales that fell below its own projections, hurt by fewer deliveries to European department stores, but gave a fiscal year…
- U.S. jobless claims data suggests labour market strength
23/05 15:07 CET, By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the…
- Argentina, Repsol struggle to bridge gap over YPF compensation
23/05 14:47 CET, By Tracy Rucinski and Karina Grazina MADRID/BUENOS AIRES (Reuters) – A year after Argentina seized the local business of Spanish oil firm Repsol , there seems little prospect of…
UK inflation expectations at 10-month low - Citi/YouGov23/05 14:44 CET, LONDON (Reuters) – Britons expect inflation of 2.5 percent over the coming year, the lowest rate since the one they predicted in July last year, a YouGov/Citi survey showed on…
SoftBank would add 'security director' to Sprint board23/05 14:30 CET, (Reuters) – SoftBank Corp would appoint a “security director” to Sprint Nextel Corp’s board if its takeover bid succeeds and give the U.S. government right of approval on the…
Ralph Lauren profit higher, sees fiscal year revenues rising23/05 14:28 CET, (Reuters) – Ralph Lauren Corp on Thursday reported a higher quarterly profit, helped by a jump in sales at its own stores and lower cotton costs. The fashion company said net…
FCA fines JPMorgan 3 million pounds23/05 14:16 CET, LONDON (Reuters) – Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds ($4.6 million) for being unable to…
- Royalty cuts acceptance bar for Elan bid to 50 percent
23/05 14:14 CET, DUBLIN (Reuters) – Royalty Pharma reduced the acceptance threshold for its increased $6.4 billion (4.2 billion pounds) bid for Elan to 50 percent plus one share on Thursday as…
- ECB seeks new tools while Fed toys with exit
23/05 13:55 CET, By Leigh Thomas and Jason Lange PARIS/WASHINGTON (Reuters) – The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling…
- EU wants big companies to reveal national tax bills
23/05 13:51 CET, By John O’Donnell BRUSSELS (Reuters) – Europe’s top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate…
- FCA fines JPMorgan three million pounds
23/05 13:41 CET, LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds for being unable to show…
Exclusive: China urbanisation plan hits roadblock over spending fears - sources23/05 13:28 CET, By Kevin Yao BEIJING (Reuters) – China’s plan to spend $6.5 trillion (4.31 trillion pounds) on urbanisation to bolster the economy is running into snags, sources close to the…
- Deutsche bosses seek to win over sceptical shareholders
23/05 13:27 CET, By Edward Taylor FRANKFURT (Reuters) – Deutsche Bank’s bosses tried to convince sceptical shareholders at a lively annual meeting on Thursday that the bank was on the right…
- FCA fines JPMorgan 3 million pounds
23/05 13:22 CET, LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds for being unable to show…
Signs of weakness mar UK economic growth23/05 13:17 CET, By Olesya Dmitracova and William Schomberg LONDON (Reuters) – Britain’s better-than-expected economic growth in the first quarter turns out to have been boosted by a rise in…
- Russia's commitment to new budget rule already in doubt
23/05 13:16 CET, By Maya Dyakina MOSCOW (Reuters) – Just last year Russia’s government reimposed a rule meant to restrain spending and borrowing and channel substantial amounts of the country’s…
- Halfords slashes dividend to fund three-year investment plan
23/05 13:12 CET, By Neil Maidment LONDON (Reuters) – Cycles-to-car-parts retailer Halfords has cut its dividend by a third to help fund a multi-million pound investment programme, warning this…
- Warning signs for China, Fed hints at curbing stimulus
23/05 12:44 CET, By Andy Bruce LONDON (Reuters) – Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone’s downturn tempered slightly in…
IMF's Lagarde in court for French arbitration case23/05 12:40 CET, By Chine Labbé PARIS (Reuters) – IMF chief Christine Lagarde was questioned in court by a French magistrate on Thursday over her role in a 285-million-euro arbitration payment…
- FCA fines JPMorgan three million pounds
23/05 12:34 CET, LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said it has fined U.S. bank JPMorgan 3.08 million pounds for being unable to show it was giving clients the right…
Flybe quits Gatwick as part of turnaround plan23/05 12:29 CET, By Richa Naidu (Reuters) – Struggling British airline Flybe Group Plc will quit its main London hub at Gatwick airport and has pushed back the delivery of 16 new aircraft to help…
Lufthansa, United win EU approval for revenue-sharing pact23/05 12:16 CET, By Foo Yun Chee BRUSSELS (Reuters) – Lufthansa , United Airlines , Continental and Air Canada won approval from EU antitrust regulators on Thursday for their transatlantic…
- Spain's borrowing costs rise for first time in 4 months
23/05 12:03 CET, MADRID (Reuters) – Spain paid higher rates on medium-term debt for the first time since early February, at an auction on Thursday, a sign that a global liquidity flows into…
- Exclusive: China urbanisation plan hits roadblock over spending fears - sources
23/05 10:46 CET, By Kevin Yao BEIJING (Reuters) – China’s plan to spend $6.5 trillion (4.31 trillion pounds) on urbanisation to bolster the economy is running into snags, sources close to the…
First-quarter economic growth unrevised at 0.3 percent23/05 10:45 CET, LONDON (Reuters) – Britain’s economy grew 0.3 percent in the first quarter as originally estimated, but consumer spending rose at its weakest pace since the third quarter of 2011…
- First-quarter economic growth unrevised at 0.3 percent, consumer spending weak
23/05 10:33 CET, LONDON (Reuters) – Britain’s economy grew 0.3 percent in the first quarter as originally estimated, but consumer spending rose at its weakest pace since the third quarter of 2011…
EU's Barnier wants big companies to reveal national tax bills23/05 10:28 CET, By John O’Donnell BRUSSELS (Reuters) – Large companies should disclose how much tax they pay in each country where they operate, the European Commission’s top regulatory official…
- Pub chain Mitchells & Butlers posts flat sales on bad weather
23/05 10:06 CET, LONDON (Reuters) – Sales at British pub and restaurant group Mitchells & Butlers Plc were broadly flat in the first half, hit by poor weather as the company pressed ahead with a…
Euro zone slump eases in May but points to contraction in second quarter -PMI23/05 09:59 CET, By Andy Bruce LONDON (Reuters) – The downturn across euro zone businesses eased slightly this month, although a dearth of new orders means the bloc’s economy is likely to…
ECB considering measures to tackle financial fragmentation - Noyer23/05 09:45 CET, PARIS (Reuters) – Financial fragmentation persists in the euro zone and the European Central Bank is considering additional monetary actions to tackle the problem, ECB governing…
- Business slump in May leaves France mired in recession - PMI
23/05 09:32 CET, PARIS (Reuters) – French business activity retreated again in May despite a slight improvement in manufacturing, a survey showed on Thursday, offering little hope of a quick exit…
EU may give Greece more time to meet fiscal targets - Dijsselbloem23/05 09:21 CET, ATHENS (Reuters) – The euro zone may give Greece more time to meet fiscal targets agreed under its international bailout, the chairman of the euro zone finance ministers said in…
- Energy firm JKX hit by threat of shareholder revolt
23/05 09:18 CET, LONDON (Reuters) – The top shareholder in Eastern Europe-focused energy firm JKX has called on fellow investors to oust the group’s chief executive at an upcoming general…
- Pub chain Mitchells & Butlers posts flat sales on bad weather
23/05 09:18 CET, LONDON (Reuters) – Sales at British pub and restaurant group Mitchells & Butlers Plc were broadly flat in the first half, hit by poor weather as the company pressed ahead with a…
China factory activity shrinks for first time in seven months - flash PMI23/05 09:17 CET, By Aileen Wang and Koh Gui Qing BEIJING (Reuters) – China’s factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing…
- Pennon profit plunges on waste-related write-down
23/05 09:10 CET, PARIS (Reuters) – British water and waste firm Pennon’s full-year profit plunged to 26.9 million pounds from 172.2 million pounds in the previous financial year due to a 150…
- Flybe sells some Gatwick slots, delays aircraft deliveries
23/05 09:03 CET, (Reuters) – Struggling British carrier Flybe Group Plc said it would sell some slots at London Gatwick Airport to easyJet Plc and push back the delivery of 16 new aircraft by…
IMF's Lagarde in court for French arbitration case23/05 08:57 CET, PARIS (Reuters) – IMF chief Christine Lagarde arrived in court on Thursday to be questioned by a French magistrate over her role in a 285-million-euro ($366 million) arbitration…
- Latam, Africa surges ensure SABMiller profit growth
23/05 08:46 CET, BRUSSELS (Reuters) – SABMiller, the world’s second biggest brewer, reported profit growth in line with expectations thanks to a surge in earnings in Latin America and Africa and…
- Daily Mail sees profit growth after strong first half
23/05 08:44 CET, LONDON (Reuters) – Britain’s Daily Mail said it expected to deliver solid growth in full-year adjusted profit before tax after strength in its events division helped it to meet…
- Electrocomponents profit falls 19 percent on weak international demand
23/05 08:42 CET, (Reuters) – Electrocomponents Plc reported a 19 percent drop in full-year pretax profit, hurt by weak international demand, particularly in continental Europe. However, the…
- United Utilities net profit down 9.3 percent, dividend up
23/05 08:41 CET, LONDON (Reuters) – United Utilities , Britain’s largest listed water utility, reported full-year net profit down 9.3 percent due to a decrease in deferred taxation credits…
- Booker full-year profit jumps 13 percent
23/05 08:39 CET, (Reuters) – Booker Group Plc, Britain’s biggest cash-and-carry wholesaler, reported a 13 percent rise in full-year profit, helped by demand from small retailers and growing online…
Lloyds raises 450 million pounds from St. James's Place share sale23/05 08:37 CET, LONDON (Reuters) – State-backed Lloyds Banking Group said it had raised 450 million pounds from the sale of 15 percent of wealth manager St. James’s Place to boost its capital…
- SABMiller earnings rise thanks to Latin America, Africa surges
23/05 08:23 CET, BRUSSELS (Reuters) – SABMiller, the world’s second biggest brewer, reported higher full-year profits thanks to a sharp increase in earnings in Latin America and Africa…
Mothercare full-year profit boosted by turnaround plan23/05 08:20 CET, LONDON (Reuters) – British baby and maternity products retailer Mothercare posted a better-than-expected rise in full-year profit and said it was making good progress with its…
Nissan to recall 841,000 vehicles due to steering wheel glitch23/05 07:55 CET, TOKYO (Reuters) – Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel…
China factory activity shrinks for first time in seven months - flash PMI23/05 07:49 CET, By Aileen Wang and Koh Gui Qing BEIJING (Reuters) – China’s factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing…
China factory activity shrinks for first time in seven months - flash PMI23/05 07:48 CET, By Aileen Wang and Koh Gui Qing BEIJING (Reuters) – China’s factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing…
Lenovo shares jump more than 4 percent after earnings beat forecast23/05 07:15 CET, HONG KONG (Reuters) – Shares in Chinese personal computer maker Lenovo Group Ltd jumped more than 4 percent after it reported a forecast-beating 90 percent rise in quarterly…
- China HSBC flash PMI hits seven-month low, fans growth fears
23/05 04:36 CET, By Aileen Wang and Koh Gui Qing BEIJING (Reuters) – China’s factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of…
China eases forex rules in special economic zones23/05 04:18 CET, SHANGHAI (Reuters) – China’s foreign exchange regulator said on Wednesday that it will simplify regulation of foreign currency transactions for companies operating in China’s…
Samsung says fast-selling Galaxy S4 sales hit 10 million23/05 04:15 CET, SEOUL (Reuters) – Samsung Electronics Co said sales of the latest version of its flagship Galaxy S smartphone have reached 10 million since its launch in late April, making the…
- China May HSBC flash PMI slips to seven-month low on weak demand
23/05 04:10 CET, BEIJING (Reuters) – China’s factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to…
Ford to close Australia auto plants23/05 02:59 CET, SYDNEY (Reuters) – Ford Motor Co said on Thursday it is closing its two Australian auto plants and will cease production in the country in October 2016. Ford Australia Chief…
- Ford to close Australia auto plants - reports
23/05 02:41 CET, CANBERRA (Reuters) – Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding…
Apple, former Washington wallflower, now at centre of tax fight23/05 01:02 CET, By Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON (Reuters) – For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable…
U.S. Justice Department tells lawmakers no bank is too big to jail23/05 00:47 CET, By Sarah N. Lynch WASHINGTON (Reuters) – A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department’s latest effort to…
Bernanke says more progress needed before stimulus pullback22/05 23:39 CET, By Pedro da Costa and Alister Bull WASHINGTON (Reuters) – The Federal Reserve’s monetary stimulus is helping the U.S. economy recover but the central bank needs to see further…
UK, France to join resource transparency initiative22/05 23:32 CET, By Emma Farge and William James GENEVA/LONDON (Reuters) – The UK and French governments will join a global initiative that will require oil and mining firms to comply with new…
IMF urges UK to spend more to fund investment22/05 23:13 CET, By William Schomberg and David Milliken LONDON (Reuters) – Britain’s government should spend more now to fund investment and steer its economy back to recovery, the International…
- Bernanke says more progress needed before stimulus pullback
22/05 23:12 CET, By Pedro da Costa and Alister Bull WASHINGTON (Reuters) – The Federal Reserve’s monetary stimulus is helping the U.S. economy recover but the central bank needs to see further…
ECB can expand its tools to fight crisis - board member22/05 23:08 CET, By Jason Lange WASHINGTON (Reuters) – The European Central Bank could expand its policy toolkit if needed to battle deflation risks, a top ECB official said on Wednesday, adding…
Ireland says will not be U.S. "whipping boy" on tax22/05 21:57 CET, By Carmel Crimmins and Padraic Halpin DUBLIN (Reuters) – Ireland’s finance minister said the country would not be the “whipping boy” for what he called a flawed U.S. Senate…
Ireland says working on new post-bailout economic plan22/05 21:54 CET, DUBLIN (Reuters) – Ireland’s finance minister said on Wednesday he planned to issue a long-term economic plan aimed at keeping the country on track after the strictures imposed by…
Bernanke says more progress needed before stimulus pullback22/05 21:38 CET, By Pedro da Costa and Alister Bull WASHINGTON (Reuters) – The Federal Reserve’s monetary stimulus is helping the U.S. economy recover but the central bank needs to see further…
Praet says ECB can expand its tools to fight crisis22/05 21:30 CET, WASHINGTON (Reuters) – The European Central Bank could expand its policy toolkit if needed and policymakers at the central bank are weighing measures to boost lending in the euro…
- Italy steel businessman Riva probed for tax evasion - sources
22/05 21:23 CET, ROME/MILAN (Reuters) – Milan prosecutors are investigating the chairman of Italian steel group Riva for tax evasion and police have seized 1.2 billion euros of cash from a tax…
Europe targets Switzerland in fight against bank secrecy22/05 21:15 CET, By John O’Donnell and Martin Santa BRUSSELS (Reuters) – Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign…
European smartphone users face huge price disparities - study22/05 21:11 CET, PARIS (Reuters) – Smartphone users in European countries served only by large groups such as Vodafone Group Plc and Telefonica SA pay twice as much for services as consumers in…
Moody's sees benign outcome of EU insurer guarantee study22/05 21:07 CET, By Jonathan Gould FRANKFURT (Reuters) – Regulators are expected to go easy on the life insurance industry in the wake of a study by EU insurance watchdog EIOPA on long-term…
ECB's Praet calls for caution on bank deleveraging22/05 20:57 CET, WASHINGTON (Reuters) – The European Central Bank must be careful that deleveraging by euro zone banks does not affect the economy such that inflation drops too low, ECB Executive…
Germany takes bilateral paths to tackle EU jobs crisis22/05 20:54 CET, By Annika Breidthardt BERLIN (Reuters) – Germany is banking on bilateral deals to fight record youth unemployment in the euro zone, agreeing to cooperate with several countries…
Vatican financial body investigating possible money laundering22/05 20:17 CET, By Philip Pullella VATICAN CITY (Reuters) – The Vatican’s new financial watchdog said on Wednesday it had detected six possible attempts to use the Holy See to launder money last…
- Even top Europe steel firms at risk unless output cut
22/05 20:06 CET, LONDON (Reuters) – The European steel sector in under pressure to cut production quickly as overcapacity and weak global demand threaten even some of the most important plants…
- Monte Paschi director accused of insider trading
22/05 20:00 CET, MILAN (Reuters) – A board member at Italy’s troubled lender Monte dei Paschi di Siena is being investigated over allegations of breaking insider trading rules and has been…
- Dish uses national security ads to fight SoftBank deal
22/05 19:56 CET, By Liana B. Baker (Reuters) – Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten …
Bernanke suggests Fed not ready to pull back on stimulus22/05 19:37 CET, By Pedro da Costa and Alister Bull WASHINGTON (Reuters) – The Federal Reserve’s monetary stimulus is helping the U.S. economy recover but the U.S. central bank needs to see…
- Total says to invest 1 billion euros in its Antwerp plant
22/05 19:00 CET, By Muriel Boselli PARIS (Reuters) – Total is going ahead with a plan to invest 1 billion euros ($1.3 billion) at its Belgian refining and petrochemical complex to boost…
EU leaders talk tough on tackling Amazon, Google over taxes22/05 18:46 CET, By Luke Baker BRUSSELS (Reuters) – Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in…
- Italian government committed to Telecom Italia jobs, network
22/05 18:44 CET, MILAN (Reuters) – The Italian government is committed to safeguarding jobs and the security of Telecom Italia’s fixed-line phone network, Industry Minister Flavio Zanonato said…
- Vatican financial body investigating possible money laundering
22/05 18:04 CET, By Philip Pullella VATICAN CITY (Reuters) – The Vatican’s new financial watchdog said on Wednesday it had detected six possible attempts to use the Holy See to launder money last…
- Monte Paschi director accused of insider trading - source
22/05 18:02 CET, MILAN (Reuters) – A board member at Italy’s troubled lender Monte dei Paschi di Siena is being investigated over allegations of breaking insider trading rules and has been…
- Lloyds to sell further 15 percent St. James's Place stake
22/05 18:00 CET, LONDON (Reuters) – State-backed Lloyds Banking Group said it intends to sell 15 percent more of wealth manager St. James’s Place to boost its capital by about 500 million pounds…
- ECB's Weidmann tells France - Don't repeat budget mistakes
22/05 17:56 CET, PARIS (Reuters) – France must step up reforms to rein in its budget deficit, Bundesbank chief Jens Weidmann said in a magazine interview, urging Paris to avoid repeating “the…
EU leaders shine spotlight on Amazon, Google over tax policy22/05 17:46 CET, By Luke Baker BRUSSELS (Reuters) – European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on…
- EU watchdog to tighten securitised debt rules
22/05 17:41 CET, By Huw Jones LONDON (Reuters) – European Union regulators have proposed tighter safeguards on sales of the type of securitised debt that became untradable in the financial…
- Exclusive - Carrefour to divest 25 percent stake in Middle East venture - sources
22/05 17:37 CET, DUBAI (Reuters) – Carrefour , Europe’s largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local partner Majid…
- Boeing expects 787 battery retrofits done by next week
22/05 17:15 CET, WASHINGTON (Reuters) – Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president…
- SocGen moves to fire Rosbank CEO after arrest
22/05 17:11 CET, PARIS (Reuters) – Societe Generale said on Wednesday that it was moving to dismiss its top Russian executive days after his shock arrest on bribery charges. The decision by…
- IMF urges UK to spend more to fund investment
22/05 17:11 CET, By William Schomberg and David Milliken LONDON (Reuters) – Britain’s government should spend more now to fund investment and steer its economy back to recovery, the International…
euronews provides newswires as service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
