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  • German Finance Minister Wolfgang Schaeuble said on Friday that it was not just up to Germany to help Greece, saying this was a task for the whole of the euro zone. "We are aware of our responsibility and we will do everything to do justice to this responsibility but this is not just a responsibility for one country, not …

  • Deutsche Bank’s (DBKGn.DE) top labour representative on Friday said a call by a Frankfurt-based workers council for co-Chief Executive Anshu Jain to resign did not represent the views of all works councils in the group. One council, based in the bank’s Frankfurt headquarters, issued a blistering attack against Jain earlier …

  • The Union Flag flies next to the European Flag outside the European Commission building in central London

    A British exit from the European Union could hit London insurers' ability to sell policies in Europe and may deter overseas players from opening London offices, a trade body said on Friday. "This arrangement is much more favourable than that for insurers based outside the EU," the International Underwriting Association …

  • A pedestrian holding an umbrella walks past an electronic board showing the graph of the recent fluctuations of Japan's Nikkei average outside a brokerage in Tokyo

    European stock markets were down by up to half a percent, with dealers pointing to doubts over Greece's ability to make good on a promise to reach a cash-for-reforms deal with its euro zone partners by Sunday.

  • India's PM Modi speaks at the inaugural session of Re-Invest 2015, the first Renewable Energy Global Investors Meet & Expo, in New Delhi

    Prime Minister Narendra Modi hit his borrowing targets in the fiscal year recently ended by slashing $19 billion in capital spending and data on Friday will show whether he has taken his foot off the brakes in April. Modi, who has completed one year in power this week, managed to beat a fiscal deficit goal of 4.1 percent …

  • An employee arranges Indian currency notes at a cash counter in New Delhi

    REUTERS - Indian banks' loans rose 10.2 percent in the two weeks to May 15 from a year earlier, while deposits rose 11.9 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday. ...

  • Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of U.S. shale production, a Reuters survey forecast on Friday. Reuters monthly survey of 28 analysts predicted the global oil benchmark North Sea Brent crude would average $61.60 a …

  • A customer walks inside a Mahindra cars showroom in Chandigarh

    Mahindra & Mahindra Ltd (MAHM.NS), India's top utility vehicle maker by sales, reported on Friday its steepest fall in quarterly profit in more than six years, hit by poor sales in rural areas where unseasonal rains have hurt farm incomes. Mahindra's standalone profit for the fourth quarter ended March fell 39 percent …

  • A man walks past the London Stock Exchange in the City of London

    Britain's top share index rose on Friday, capping a strong monthly performance in May, with gains led by Associated British Foods (ABF.L) and Weir Group (WEIR.L) after broker upgrades. The blue-chip FTSE 100 index (.FTSE) was up 15.74 points, or 0.2 percent, at 7,056.66 by 1143 BST, up about 1.4 percent this month. Traders …

  • FRANKFURT/ATHENS (Reuters) - Greek bank deposits fell by 5.6 billion euros (4 billion pounds) in April, European Central Bank data showed on Friday, as the pace of outflows picked up and took the balance to its lowest level in more than a decade. Deposits fell to 139.4 billion euros ($153 billion) from 145 billion euros …

  • Positive indications from Athens on reaching an agreement on a cash-for-reforms deal are not reflected in talks with its creditors, German Finance Minister Wolfgang Schaeuble said on Friday. Greece and its creditors from the euro zone countries and the International Monetary Fund are trying to hammer out a deal that would …

  • BANGKOK, May 29 (Reuters) - Most Southeast Asian stock markets fell on Friday, with the Singapore index ending at a more-than-two-month low amid selling in large-cap banks while Thai shares ended little ...

  • Hungary has room to cut interest rates further as the global market backdrop is supportive and the forint's exchange rate is stronger than the level projected in the 2015 budget, Economy Minister Mihaly Varga said. On the positive side, low crude prices were boosting Hungary's big current account surplus, while the European …

  • Stock brokers engage in trading at a brokerage firm in Mumbai

    The Nifty rose 1.4 percent on Friday as investors saw a four-session losing streak as overdone, while gains in regional markets and expectation of a rate cut by the central bank next week also helped sentiment. Traders said markets have broadly priced in a 25 basis point cut by the Reserve Bank of India at its policy review …

  • (Updates prices) * Palm up 3.4 pct this week, eyes biggest weekly gain in 4 mths * Malaysian ringgit retreats to 3.6640 per dollar * Palm oil targets 2,246 ringgit - technicals By Anuradha Raghu KUALA ...

  • Toshiba has not been able to close its books for the year that ended in March because of the investigation into its book-keeping, which it says likely led to profits being overstated by at least 50 billion yen ($415 million) in recent years. The company's results for the full fiscal year would normally have been reported …

  • Logo of Toshiba Corp is seen at the company's Hydrogen Energy R&D Center during its opening ceremony in Tokyo

    Toshiba has not been able to close its books for the year that ended in March because of the investigation into its book-keeping, which it says likely led to profits being overstated by at least 50 billion yen ($415 million) in recent years. The company's results for the full fiscal year would normally have been reported …

  • A picture illustration taken with the multiple exposure function of the camera shows a one Euro coin and a map of Europe

    Lending throughout the euro zone failed to grow in April after a promising uptick a month earlier, a slip that tempers hopes for a rapid turnaround in borrowing to boost the economy. European Central Bank data showed on Friday that overall lending growth to households and firms was unchanged in the month, despite the recent …

  • Newly minted Swiss Franc twenty cent coins are seen at Swissmint in Bern

    Switzerland's economy shrank in the first quarter, data showed, as exporters felt the impact of a strong Swiss franc, which surged after the central bank removed the currency's cap against the euro in January. Separate data pointed to an economic recovery towards the end of this year, tempering concerns that the country …

  • The logo of the Alibaba Group is seen inside the company's headquarters in Hangzhou

    HANGZHOU, China/BEIJING (Reuters) - Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce giant Alibaba Group Holding Ltd said. Huarong is China's biggest bad …

  • New 20 Euro banknotes are presented at the Austrian national bank in Vienna

    Europe's rescue fund is seeking to revise its investment guidelines to allow it to buy lower-rated debt as it grapples with record low interest rates, according to documents from the so-called ESM and German finance ministry seen by Reuters. At the end of March, more than half of the ESM's paid-in capital of 80 billion …

  • Malaysia's loss-making state fund 1MDB has signed a deal securing $1 billion in funding from Abu Dhabi, days ahead of a looming deadline to repay a loan of that size, in what the government said was a significant step toward easing debt worries and advancing a long-awaited restructuring. Malaysia's finance ministry said …

  • "We are very disappointed by the FTC's decision to impede this transaction and intend to vigorously challenge their claims in court," Synergy Health Chief Executive Richard Steeves said in a statement. Steris had offered to buy Synergy for about $1.9 billion in October, after the new rules were announced, in a deal that …

  • MUMBAI/SINGAPORE (Reuters) - India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage of the relaxed rules. A weakening rupee and foreign investors' …

  • Greece's economy shrank 0.2 percent in the first quarter, the country's statistics service said on Friday, confirming a preliminary estimate earlier in the month. The data showed that the economy slipped back into recession as political turmoil put the brakes on a fragile recovery. Greece's economy emerged from a six-year …

  • Greek retail sales by volume rose 1.2 percent in March compared to the same month a year earlier, despite the uncertainty over a reforms deal with the country's EU/IMF lenders, statistics service ELSTAT said on Friday. Hit by the country's economic slump and record unemployment, retail sales declined by about 40 percent …

  • Man walks past a logo of Sany Group during a news conference in Beijing

    Chinese construction machinery maker Sany Group, which has been impacted by a sustained market slowdown, said it is venturing into smartphones, as part of a plan to diversify away from heavy machinery. Xiang Wenbo, president of Sany Heavy Industry Co Ltd, which is part of Sany Group, confirmed the launch date and the pricing …

  • * April broad money, M3, up 6.5 pct yr/yr * April net financing up 7.8 pct yr/yr * April net impaired loans ratio 1.2 pct KUALA LUMPUR, May 29 (Reuters) - Malaysia's money supply and banking indicators ...

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

    Some euro zone countries are accusing the European Commission of giving Greece false hope of new loans for less reform effort, but they still want Brussels to find a way to keep a defiant Athens in the euro. After four months of talks with scant progress, hawkish governments privately blame Commission President Jean-Claude …

  • Generic drugmaker Wockhardt (WCKH.NS) hopes to resolve all concerns raised by the U.S. Food and Drug Administration (FDA) over manufacturing practices at two of its plants in the current financial year, its chairman said on Friday. A resolution of the lapses would allow Wockhardt to resume exports from its two main India …

  • Swedish fingerprint sensor firm Fingerprint Cards said it had cooperated with Google on fingerprint recognition in the new Android software platform, as the U.S. software group looks to boost the use of fingerprint sensors on mobile phones. Fingerprint shares jumped to a record high and were up 5.1 percent by 0724 GMT. …

  • When news spread on Thursday that brokers tightened margin trading requirements and that Chinese government's investment fund, Central Huijin, decreased holdings in two state-owned banks, the Shanghai Composite Index slumped 6.5 percent. The index flitted in and out of positive territory on Friday as investors were still …

  • KUALA LUMPUR/SINGAPORE, May 29 (Reuters) - Prices for rubber cargoes in Asia continued to pick up this week as demand streamed in from the world's biggest consumer China, while supply constraints in top grower Thailand aided the rally. Physical rubber prices have benefited from joint efforts to curb output and boost prices, …

  • U.S. data center company Equinix Inc (EQIX.O) said on Friday it had agreed to buy British peer Telecity Group (TCY.L) in a deal worth 2.35 billion pounds ($3.6 billion) which ends Telecity's pursuit of smaller Dutch firm Interxion Holding NV (INXN.N). Telecity, which runs some of the huge computer centers which process …

  • U.S. data centre company Equinix Inc (EQIX.O) said on Friday it had agreed to buy British peer Telecity Group (TCY.L) in a deal worth 2.35 billion pounds which ends Telecity's pursuit of smaller Dutch firm Interxion Holding NV (INXN.N). Telecity, which runs some of the huge computer centres which process traffic on the …

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