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Latest News
Tesco among likely bidders for S.Korea Hi-Mart stake - sources
(Reuters) - British grocer Tesco Plc is among bidders expected to express interest in buying a controlling stake in South ...
HSBC pulls out of retail banking in Japan
TOKYO (Reuters) - HSBC on Thursday said it will pull out of the retail banking business in Japan, including the HSBC Premier ...
Markets ease as focus moves to growth, oil prices
TOKYO (Reuters) - Asian shares and the euro fell on Thursday on concerns about global growth driven by higher oil prices ...
HSBC stops providing another private banking service in Japan
TOKYO (Reuters) - HSBC on Thursday started withdrawing from its private banking service in Japan for clients who hold more ...
RBS to pay out £400 million in bonuses despite year loss
LONDON (Reuters) - State-owned Royal Bank of Scotland is expected to pay out up to 400 million pounds in bonuses to its corporate ...
G20 hopes for progress on EU debt crisis - Carstens
MEXICO CITY (Reuters) - Group of 20 policymakers are hoping for a signal this weekend that Europe will boost crisis funding, ...
Edinburgh Woollen Mill buys most of Peacocks
LONDON (Reuters) - Clothing retailer Edinburgh Woollen Mill is to acquire two thirds of discount clothing retailer Peacocks ...
Policy pace to settle after Draghi's dramatic start
FRANKFURT (Reuters) - Two rate cuts, an expected 1 trillion euro stimulus and tentative signs of the euro zone economy stabilising ...
Growth concerns hit stocks, oil at 9-month high
NEW YORK (Reuters) - Global stocks slipped and the euro was little changed on Wednesday after data showed the euro zone may ...
G20 plots course on reining in "shadow banks"
LONDON (Reuters) - Policymakers from the world's top economies meet this weekend in Mexico City to begin finding common ground ...
US home resales at 1-1/2 yr-high, supply falls
WASHINGTON (Reuters) - U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market ...
Analysis - Huge private debts pose bigger hurdle for euro zone
LONDON (Reuters) - Away from the markets' fixation with the debts of Greece and other governments, concern is growing at ...
EU banks expert group to consider UK, U.S. curbs
LONDON (Reuters) - The expert group set up by the European Union's executive to see how banks could be made safer will study ...
FTSE edges lower led by weak banks, miners
LONDON (Reuters) - The leading share index edged lower on Wednesday as investors refocused on fundamentals, specifically ...
Swiss demand banks help clean up tax-haven image
BERNE (Reuters) - Switzerland announced plans on Wednesday to force its secretive banks to do more to make sure foreign clients' ...
JPMorgan, Citi, BofA sued for $949 million by Sealink
NEW YORK (Reuters) - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major ...
Insight - Citi, UBS provide keys to interest rate-rigging probe
(Reuters) - Citigroup Inc and UBS AG, in a series of disclosures to law-enforcement officials, have provided crucial information ...
UBS to issue more loss-absorbing capital
ZURICH/LONDON (Reuters) - UBS might struggle to attract big institutional investors for more loss-absorbing bonds it wants ...
Gibraltar to scrap curb on funds to lure customers
LONDON (Reuters) - Gibraltar will scrap a key curb on its funds industry as the minnow British territory tries to take on ...
House builder Barratt back in black as focus pays off
LONDON (Reuters) - House builder Barratt returned to profit in the first half, thanks to its focus on higher-margin regions ...
Shell to buy Cove Energy for £992.4 million
LONDON (Reuters) - Royal Dutch Shell Plc has made an agreed 992.4 million pound bid for Mozambique-focused Cove Energy , ...
Fitch downgrades Greece on debt swap plan
ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ...
Ireland raises asset sales target to 3 billion euros
DUBLIN (Reuters) - The Irish government raised its target for the sale of state assets to 3 billion euros (2.5 billion pounds) ...
Euro zone teetering on brink of recession
LONDON (Reuters) - The euro zone economy is in danger of tipping into recession, with the services sector shrinking this ...
Banks shell out £1.9 billion for insurance mis-selling
LONDON (Reuters) - Lenders paid out a record 441 million pounds in compensation for insurance mis-selling in December, taking ...