Business News Headlines

  • French Finance Minister Michel Sapin and Economy Minister Arnaud Montebourg visit the Clauger factory in Brignais near Lyon
    France treads fine line on EU deficit-cutting targets Reuters - 32 minutes ago

    By Nicholas Vinocur and Jean-Baptiste Vey PARIS (Reuters) - France outlined a slower roadmap on Wednesday to reduce its chronic deficit to the European Union's treaty … More »France treads fine line on EU deficit-cutting targets

    French Finance Minister Michel Sapin and Economy Minister Arnaud Montebourg visit the Clauger factory in Brignais near Lyon

    By Nicholas Vinocur and Jean-Baptiste Vey PARIS (Reuters) - France outlined a slower roadmap on Wednesday to reduce its chronic deficit to the European Union's treaty limit next year, b...

  • Afghan money changers offer Afghanis for sale at Kabul's largest money market
    Hole in Afghan budget stirs unease as West starts packing bags Reuters - 40 minutes ago

    By Jeremy Laurence and Mirwais Harooni KABUL (Reuters) - A $375 million hole in the Afghan budget is threatening public projects and civil servants' salaries, officials … More »Hole in Afghan budget stirs unease as West starts packing bags

    Afghan money changers offer Afghanis for sale at Kabul's largest money market

    By Jeremy Laurence and Mirwais Harooni KABUL (Reuters) - A $375 million hole in the Afghan budget is threatening public projects and civil servants' salaries, officials say, putting the aid-dependent economy under stress just as Afghanistan awaits a new leader and foreign troops prepare to go home. U.S., U.N. and Afghan …

  • A pro-Russian armed man stands guard near the mayor's office in Slaviansk
    Ukraine's leaders say have U.S. backing to take on 'aggressors … Reuters - 43 minutes ago

    By Pavel Polityuk and Alastair Macdonald KIEV (Reuters) - Ukraine's government relaunched a security operation to crack down on pro-Russian armed groups after an Easter … More »Ukraine's leaders say have U.S. backing to take on 'aggressors …

    A pro-Russian armed man stands guard near the mayor's office in Slaviansk

    By Pavel Polityuk and Alastair Macdonald KIEV (Reuters) - Ukraine's government relaunched a security operation to crack down on pro-Russian armed groups after an Easter pause on Wednesday and said it had the backing of the United States. Prompted in part by the discovery of the body of a Ukrainian politician who appeared …

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    BOJ says 90 ppercent of banks taking on more risk post-QE Reuters - 49 minutes ago

    By Leika Kihara TOKYO (Reuters) - Over 90 percent of Japanese banks have increased loans and investment in riskier assets in the past year, the Bank of Japan said on … More »BOJ says 90 ppercent of banks taking on more risk post-QE

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    By Leika Kihara TOKYO (Reuters) - Over 90 percent of Japanese banks have increased loans and investment in riskier assets in the past year, the Bank of Japan said on Wednesday, suggesting that the wall of money it is pumping out is spilling over into the broader economy. "Financial institutions have reduced investment …

  • U.S. President Obama steps out from Air Force One as he arrives at Haneda International Airport in Tokyo
    Obama reassures Japan, other allies on China as Asia trip begins Reuters - 49 minutes ago

    By Linda Sieg and Elaine Lies TOKYO (Reuters) - U.S. President Barack Obama has said Washington welcomes China's rise but that engagement with Beijing would not come … More »Obama reassures Japan, other allies on China as Asia trip begins

    U.S. President Obama steps out from Air Force One as he arrives at Haneda International Airport in Tokyo

    By Linda Sieg and Elaine Lies TOKYO (Reuters) - U.S. President Barack Obama has said Washington welcomes China's rise but that engagement with Beijing would not come at the expense of its Asian allies - as Chinese state media greeted his arrival in the region with a broadside accusing the United States of wanting to "cage" …

  • Homes are seen for sale in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola
    U.S. mortgage applications fell last week: MBA Reuters - 59 minutes ago

    NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said on Wednesday. The … More »U.S. mortgage applications fell last week: MBA

    Homes are seen for sale in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola

    NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, …

  • A photographer takes pictures through a glass carrying the International Monetary Fund logo during a news conference in Bucharest
    Mauritius may need to tighten monetary policy: IMF Reuters - 1 hour 2 minutes ago

    By Jean Paul Arouff PORT LOUIS (Reuters) - Mauritius will need to tighten monetary policy if inflationary pressures intensify, the International Monetary Fund (IMF) … More »Mauritius may need to tighten monetary policy: IMF

    A photographer takes pictures through a glass carrying the International Monetary Fund logo during a news conference in Bucharest

    By Jean Paul Arouff PORT LOUIS (Reuters) - Mauritius will need to tighten monetary policy if inflationary pressures intensify, the International Monetary Fund (IMF) said on Wednesday, and encouraged the country to adopt a formal inflation-targeting framework. The IMF said in a statement - just ahead of the Indian Ocean …

  • U.S. President Obama speaks during a news conference with Italian Prime Minister Renzi following their meeting at Villa Madama in Rome
    Obama reassures Japan, other allies on China ahead of visit Reuters - 1 hour 4 minutes ago

    By Linda Sieg and Elaine Lies TOKYO (Reuters) - U.S. President Barack Obama has said Washington welcomes China's rise but that engagement with Beijing would not come … More »Obama reassures Japan, other allies on China ahead of visit

    U.S. President Obama speaks during a news conference with Italian Prime Minister Renzi following their meeting at Villa Madama in Rome

    By Linda Sieg and Elaine Lies TOKYO (Reuters) - U.S. President Barack Obama has said Washington welcomes China's rise but that engagement with Beijing would not come at the expense of its Asian allies - as Chinese state media greeted his imminent arrival in the region with a broadside accusing the United States of wanting …

  • A model sits on a Rodeo RZ scooter at the Mahindra and Mahindra pavilion during the Indian Auto Expo in Greater Noida
    Credit Suisse upgrades Mahindra & Mahindra to 'outperform' Reuters - 1 hour 8 minutes ago

    Reuters Market Eye - Credit Suisse upgrades Mahindra and Mahindra(M&M) to "outperform" from "neutral," saying its four-wheeler autos and commercial … More »Credit Suisse upgrades Mahindra & Mahindra to 'outperform'

    A model sits on a Rodeo RZ scooter at the Mahindra and Mahindra pavilion during the Indian Auto Expo in Greater Noida

    Reuters Market Eye - Credit Suisse upgrades Mahindra and Mahindra(M&M) to "outperform" from "neutral," saying its four-wheeler autos and commercial vehicles will benefit from even a short-lived economic recovery, while the auto-maker has "undemanding valuations." The investment bank still has …

  • A general view shows construction activity on the Grand Renaissance dam in Guba Woreda, Benishangul Gumuz region
    Paying for giant Nile dam itself, Ethiopia thwarts Egypt but takes ris … Reuters - 1 hour 9 minutes ago

    By Aaron Maasho ADDIS ABABA (Reuters) - Ethiopia's bold decision to pay for a huge dam itself has overturned generations of Egyptian control over the Nile's waters, … More »Paying for giant Nile dam itself, Ethiopia thwarts Egypt but takes ris …

    A general view shows construction activity on the Grand Renaissance dam in Guba Woreda, Benishangul Gumuz region

    By Aaron Maasho ADDIS ABABA (Reuters) - Ethiopia's bold decision to pay for a huge dam itself has overturned generations of Egyptian control over the Nile's waters, and may help transform one of the world's poorest countries into a regional hydropower hub. By spurning an offer from Cairo for help financing the project, …

  • A Primark clothing shop is seen in central London
    Primark targets U.S. with first store openings Reuters - 1 hour 15 minutes ago

    By James Davey LONDON (Reuters) - Primark, the fast-growing clothing chain owned by Associated British Foods , is to enter the United States, it said on Wednesday, b … More »Primark targets U.S. with first store openings

    A Primark clothing shop is seen in central London

    By James Davey LONDON (Reuters) - Primark, the fast-growing clothing chain owned by Associated British Foods , is to enter the United States, it said on Wednesday, becoming...

  • A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange
    Goldman loses four Asia prime brokerage execs to rivals- sources Reuters - 1 hour 16 minutes ago

    By Nishant Kumar HONG KONG (Reuters) - At least four mid-level executives are leaving Goldman Sachs Group's Asia prime brokerage unit to join rival banks, people familiar … More »Goldman loses four Asia prime brokerage execs to rivals- sources

    A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange

    By Nishant Kumar HONG KONG (Reuters) - At least four mid-level executives are leaving Goldman Sachs Group's Asia prime brokerage unit to join rival banks, people familiar with the matter said, just as the regional hedge fund industry is starting to pick up. The Goldman unit was biggest firm serving Asia's $159 billion …

  • Employees work on the production line of a wine bottle cap factory in Ganyu county
    Chinese factories stalling as euro zone business picks up Reuters - 1 hour 17 minutes ago

    By Jonathan Cable and Kevin Yao LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro … More »Chinese factories stalling as euro zone business picks up

    Employees work on the production line of a wine bottle cap factory in Ganyu county

    By Jonathan Cable and Kevin Yao LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity …

  • A security guard salutes at the entrance of the Bank of Japan building in Tokyo January 22, 2014.REUTERS/Yuya Shino
    BOJ says 90 percent of banks taking on more risk post-QE Reuters - 1 hour 18 minutes ago

    By Leika Kihara TOKYO (Reuters) - Over 90 percent of Japanese banks have increased loans and investment in riskier assets in the past year, the Bank of Japan said on … More »BOJ says 90 percent of banks taking on more risk post-QE

    A security guard salutes at the entrance of the Bank of Japan building in Tokyo January 22, 2014.REUTERS/Yuya Shino

    By Leika Kihara TOKYO (Reuters) - Over 90 percent of Japanese banks have increased loans and investment in riskier assets in the past year, the Bank of Japan said on Wednesday, suggesting that the wall of money it is pumping out is spilling over into the broader economy. "Financial institutions have reduced investment …

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    Zimbabwe says foreign banks can keep majority stakes, for now Reuters - 1 hour 27 minutes ago

    Zimbabwe will let foreigners keep majority stakes in banks for now because locals have no money to buy shares, the finance minister said on Wednesday, signalling a pause … More »Zimbabwe says foreign banks can keep majority stakes, for now

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    Zimbabwe will let foreigners keep majority stakes in banks for now because locals have no money to buy shares, the finance minister said on Wednesday, signalling a pause in President Robert Mugabe's black economic empowerment drive. But Patrick Chinamasa said the government would not amend on plans to force foreign mining …

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