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  • Greek flag flies behind a statue to European unity outside the EU Parliament in Brussels

    The euro leapt, Greek bond yields fell, global financial markets brightened, but nothing actually changed in another day of conflicting statements on Greece's long-running debt talks with international creditors. Traders latched on to an upbeat statement issued by a Greek government official on Wednesday afternoon asserting …

  • People are silhouetted past a logo of the Airbus Group during the Airbus annual news conference in Colomiers

    Planemaker Airbus (AIR.PA) hinted at further production increases in its popular A320 series on Thursday, saying market demand would justify a leap to "more than 60 aircraft" a month. Sales chief John Leahy said anticipated demand already exceeded the planemaker's existing production goal of 50 planes a month and that …

  • Oil prices higher in Asian trade

    Oil prices rise in Asia on expectations that the latest US stockpiles report will show a further dip in crude reserves as traders worry about a global oversupply

  • A Swiss and two FIFA flags are reflected in the window of the Renaissance hotel in Zurich

    Hong Kong's de-facto central bank, the Hong Kong Monetary Authority (HKMA), said on Thursday it was aware of bribery and corruption charges against officials from football's world governing body FIFA, and was monitoring the implications for banks. More than a dozen banks were named in a U.S. Department of Justice indictment …

  • Investors look at computer screens showing stock information at a brokerage house in Shanghai

    China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The CSI300 index and the Shanghai Composite Index both slumped in …

  • A worker cycles past a petro-industrial complex in Kawasaki near Tokyo

    Oil prices recovered on Thursday after a two-day slide as the dollar weakened, making fuel less expensive for holders of other currencies. The dollar has risen more than 4 percent against a basket of currencies (.DXY) over the last 10 days, helping accelerate a fall in oil prices from a five-month high early in May. "Much …

  • Sponsors Concerned By FIFA Corruption Scandal

    The companies – which include some of the world's best-known brands – spend millions of dollars a year to be associated with FIFA tournaments, and the arrests of seven senior officials could place the lucrative sponsorship deals in danger. McDonald's, The Coca-Cola Company (Xetra: 850663 - news) , Adidas (Other OTC: …

  • GRENCHEN, Switzerland (Reuters) - Swatch Group SA (UHR.VX) will launch its "Touch Zero One" smartwatch in August, its chief executive Nick Hayek told the company's annual general meeting on Thursday. ...

  • An illustration picture shows Euro coins

    Confidence in the euro zone's economy stabilised in May after a strong start to the year, held back from further gains by pessimism among households, who also expect rising prices in a sign of the retreating threat of deflation. The European Commission's monthly economic sentiment indicator was 103.8, stable versus a revised …

  • Shanghai shares plunge 6.5%, Hong Kong loses 2.23%

    Shanghai shares plunge 6.5% from a more than seven-year high, dragging Hong Kong with them, as traders are spooked by liquidity fears and stricter requirements on margin trading

  • Rapturous crowds. Beaming workers. Pep talks for the troops. The TV coverage Thursday of Chinese President Xi Jinping's recent visit to an eastern province was a tour de force of Communist propaganda, ...

  • Knightsbridge reports 1Q loss Associated Press - 1 hour 0 minutes ago

    On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 88 cents. Losses, adjusted for one-time gains and costs, were 18 cents per share. The results exceeded Wall Street expectations. ...

  • John Williams, president of the Federal Reserve Bank of San Francisco, speaks in San Francisco, California

    San Francisco Fed President John Williams said on Thursday he expects above-trend economic growth in the United States for the rest of the year after a weak first quarter. Williams told reporters in Singapore that the weak economic growth in the first quarter was an "anomaly" affected by factors such as the weather. The …

  • Greek pro-EU party pledges to back loan deal

    Greece's fourth-largest party, pro-EU To Potami, vows to back a new deal between the country and its creditors that could face a rocky ride through parliament

  • China's Hanergy under investigation by Hong Kong regulator Associated Press - 1 hour 7 minutes ago

    Hong Kong regulators are investigating a leading Chinese solar panel maker owned by billionaire Li Hejun after its shares took a sudden and unexplained plunge. The Securities and Futures Commission's announcement ...

  • An investor looks at information displayed on an electronic screen at a brokerage house in Shanghai

    China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. In Hong Kong, the Hang Seng Index (.HSI) closed 2.2 percent down, …

  • Etihad profits soar 52% on expansion, more passengers

    Etihad Airways net profits surged by more than half in 2014 to $73 million

  • Premier: Serbia ready to reduce dependence on Russian gas Associated Press - 1 hour 17 minutes ago
    Premier: Serbia ready to reduce dependence on Russian gas

    In a major policy shift, the Serbian prime minister said his country will accept U.S. calls to reduce dependency on Russian gas by adding an American-backed pipeline that would bring gas to Europe from ...

  • A staff of Honda Motor Co's showroom bows to a visitor as she is reflected in a company logo on a car displayed at company showroom in Tokyo

    Honda Motor Co <7267.T> called back about 340,000 cars in Japan to replace air bag inflators made by Takata Corp (7312.T) after the Tokyo-based parts supplier last week agreed to comply with U.S. orders to expand some of its previous recalls. Honda, Japan's third-biggest automaker, disclosed the recall in a filing in Tokyo …

  • Australian mining heiress and Chairman of Hancock Prospecting group Gina Rinehart awards medals to competitors at Australian Synchronised Swimming Championships in Sydney

    Australian iron ore magnate Gina Rinehart's eldest daughter won control of the $3 billion dollar family trust on Thursday in a judgment critical of Rinehart's former control of the fund and attempts to block the long-running legal dispute. The Supreme Court of New South Wales judgment loosens Rinehart's legendary grip …

  • Oil and commodities are looking weak again, which spells trouble for BP plc (LON: BP), Royal Dutch Shell plc (LON: RDSB), BHP Billiton plc (LON: BLT) and Rio Tinto plc (LON: RIO), says Harvey Jones.

  • EPA plans temporary pesticide restrictions while bees feed Associated Press - 1 hour 34 minutes ago
    EPA plans temporary pesticide restrictions while bees feed

    If honeybees are busy pollinating large, blooming croplands, farmers wanting to spray toxic pesticides will soon have to buzz off, the Environmental Protection Agency is proposing. A federal rule to be ...

  • Italy business and consumer morale fall in May Reuters - 1 hour 44 minutes ago
    A couple strolls in front a shop during sales in downtown Milan

    National statistics institute ISTAT's manufacturing confidence index dropped back to 103.5 from 104.0 in April, the first decline after eight consecutive gains and the lowest reading since February. Italy posted economic growth of 0.3 percent in the first quarter, the first concrete sign of recovery after a three year …

  • MUMBAI (Reuters) - The Nifty headed for a fourth straight decline in a volatile session ahead of the expiry of monthly derivatives contracts, even as growing concerns over lacklustre corporate earnings ...

  • The dollar hit a 12-1/2-year high against the yen on Thursday, as investors bet that U.S. interest rates will rise later this year while monetary policy will remain ultra-loose in Japan. The greenback soared as high as 124.30 yen, as a rise in Tokyo stocks also helped to boost risk appetite and hurt the safe-haven yen, …

  • THE LATEST: Blatter cancels speaking engagement in Zurich Associated Press - 2 hours 13 minutes ago
    FIFA's commercial partners urged to make their voices heard

    The Latest on FIFA developments: ___ 9 a.m. (0700 GMT, 3 a.m. EDT) FIFA President Sepp Blatter has cancelled another speaking engagement as he avoids appearing in public for a second day. FIFA says Blatter ...

  • Vietnam's 'beautiful' brewer Sabeco tells suitors to stand in line Reuters - UK Focus - 2 hours 14 minutes ago

    Vietnam's biggest brewer Sabeco said nine companies have submitted applications to buy a stake in the state-owned company, as it reported an expected 8 percent rise in net profit this year. The government has put 53 percent of Sabeco's shares on the market and foreign interest is strong as Vietnam is Asia's third-biggest …

  • People are reflected in the window of a store as they stroll and shop at a commercial district in central Madrid

    Spain's economy grew at its fastest quarterly pace in over seven years in the first quarter, propped up by recovering consumer spending, data showed on Thursday. Economic output grew 0.9 percent, the National Statistics Institute (INE) said, confirming preliminary readings. Spain has emerged as one of Europe's fastest …

  • After complaints, Chinese hotelier gets his government's ear Associated Press - 2 hours 21 minutes ago
    After complaints, Chinese hotelier gets his government's ear

    In the wee hours of a March morning, a Chinese hotelier wrote a 5,000-word open letter to his country's premier and posted it on social media. The delicate topic: how local regulators capriciously enforce ...

  • Abu Dhabi’s Etihad Airways, one of three Gulf airlines that U.S. rivals say benefit from state subsidies, reported a 52 percent rise in annual profit on higher passenger numbers and increased revenue from cargo and partner airlines. Etihad made a net profit of $73 million (48 million pounds) in 2014, up from $48 million …

  • Jeb Bush and corporate boardrooms: 15 cases Associated Press - 2 hours 33 minutes ago

    Jeb Bush served on the board of directors or as an adviser to at least 15 companies and nonprofits since leaving office as Florida governor in early 2007. Here are the 15, his role for each, the years ...

  • Bush's busy role on corporate boards could become 2016 issue Associated Press - 2 hours 35 minutes ago
    Bush's busy role on corporate boards could become 2016 issue

    During his transition from Florida governor to likely presidential candidate, Jeb Bush served on the boards or as an adviser to at least 15 companies and nonprofits, a dizzying array of corporate connections ...

  • European Central Bank Governing Council member Nowotny gestures during an interview with Reuters in Vienna

    A European Central Bank policymaker played down the prospects for an immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no. The critical comments from Ewald Nowotny, who as head of the Austrian central …

  • SDH management back Telekom Slovenia sale to Cinven -newspaper Reuters - UK Focus - 2 hours 51 minutes ago

    The management of state investment firm SDH, which is coordinating privatisation in Slovenia, supports the sale of Telekom Slovenia to the only bidder, daily newspaper Dnevnik reported on Thursday. It said the final decision on the sale would be taken by SDH's supervisory board next week, adding the board might decide …

  • Norway's sovereign wealth fund told to sell coal assets

    Norway's state pension fund, the world's biggest sovereign wealth fund, will have to sell its stakes in companies with a significant exposure to the global coal sector, a parliamentary committee said

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