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  • Britain's Prime Minister Theresa May attends a news conference at the Prime Minister's Chancellery in Warsaw

    British Prime Minister Theresa May personally intervened to delay the French and Chinese-backed Hinkley Point nuclear project so she could further consider the deal, a government source said, explaining Friday's shock move. The plan by France's EDF (EDF.PA) to build two new reactors with financial backing from a Chinese …

  • Singapore's central bank said on Saturday it is examining the extent of involvement by Goldman Sachs' local unit in bond deals for Malaysian state investor 1Malaysia Development Berhad (1MDB). The Monetary Authority of Singapore (MAS) has been questioning banks and financial institutions since last year as part of investigations …

  • Singapore's central bank said on Saturday it is examining the extent of Goldman Sachs' local unit's involvement in bond deals for Malaysian state investor 1Malaysia Development Berhad (1MDB). "MAS supervisory examination into the extent of Goldman Sachs (Singapore) Pte's involvement in the 1MDB bond deals is still ongoing," …

  • KUALA LUMPUR, July 30 (Reuters) - Malaysia's state-owned state oil firm Petroliam Nasional Bhd said on Saturday that a fire occurred at its liquefied natural gas (LNG) plant in the East Malaysian state ...

  • The entrance of Monte dei Paschi bank headquater is pictured in downtown Siena

    Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the …

  • File photo of a sign marking the borders of the site where EDF Energy's Hinkley Point C nuclear power station will be constructed in Bridgwater

    China General Nuclear Power Corp (CGN) on Saturday said it respects the decision of the new British government to review a nuclear power project in which it would hold a major stake, according to a statement on the company's official microblog. "We understand, given the importance of the Hinkley Point C programme to England's …

  • The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem. After the Bank of Japan (BoJ) on Friday disappointed expectations of a major new stimulus drive, the BoE could even …

  • The sun sets behind a chimney of a steel mill in Tangshan, Hebei province

    SHANGHAI (Reuters) - The European Commission's imposition of heavy anti-dumping duties on Chinese steel bars is "unjustifiable protection for the EU steel industry," the official Xinhua news ...

  • British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to leave the European Union. Britain's Financial Conduct …

  • Goldman received the subpoenas earlier this year from the U.S. Department of Justice (DoJ) and the Securities and Exchange Commission (SEC), the Journal reported, citing a person familiar with the matter. The authorities also want to interview current and former Goldman employees in connection with the inquiries, but none …

  • WASHINGTON (Reuters) - Democratic presidential nominee Hillary Clinton's campaign said on Friday that an analytics data program maintained by the Democratic National Committee and used by the campaign ...

  • U.S. Democratic presidential candidate Clinton looks at a computer screen during a campaign stop at Atomic Object company in Grand Rapids

    WASHINGTON/SAN FRANCISCO (Reuters) - A computer network used by Democratic presidential nominee Hillary Clinton’s campaign was hacked as part of a broad cyber attack on Democratic political organizations, people familiar with the matter told Reuters. The latest attack, which was disclosed to Reuters on Friday, follows …

  • (Reuters) - British car insurance premiums rose less than expected in the three months to end-June compared with the previous quarter, as competition pressures kept growth in check, the AA (AAAA.L) said ...

  • DUBLIN (Reuters) - Allied Irish Banks (ALBK.I) (AIB) said the methodology behind Friday's European Union stress tests that showed it to be the second worst performer among 51 banks did not reflect its ...

  • Portugal's largest listed bank, Millennium bcp, said on Friday it obtained "clearly positive" results in the latest stress test by the European Central Bank, even as it posted a first-half loss after impairments for bad loans to clean up its books. BCP, whose shares have lost over 60 percent of their value so far this …

  • Deutsche Bank (DBKGn.DE) showed a weaker reading in the European Union's banking stress test than most of its peers, indicating that the lender still has far to go in a revamp it launched last year. Deutsche Bank scraped past the level of 7.5 percent that analysts had seen as a threshold because of its designation by regulators …

  • U.S. Democratic presidential candidate Clinton looks at a computer screen during a campaign stop at Atomic Object company in Grand Rapids

    WASHINGTON/SAN FRANCISCO (Reuters) - The computer network used by Democratic presidential nominee Hillary Clinton’s campaign was hacked as part of a broad cyber attack on Democratic political organizations, people familiar with the matter told Reuters. The latest attack, which was disclosed to Reuters on Friday, follows …

  • Photo illustration of logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street in Madrid

    A federal judge on Friday denied a motion by Uber Technologies Inc [UBER.UL] to compel arbitration in a passenger lawsuit over so-called surge pricing brought against the ride-hailing company's chief executive. Spencer Meyer, a Connecticut passenger and the lead plaintiff who filed the lawsuit, was subject to a user agreement …

  • The radar technology of a Tesla Model S being pointed out during a Tesla event in Palo Alto

    Tesla Motors Inc (TSLA.O) told U.S. Senate Commerce Committee staff it is considering two theories that may help explain what led to the May 7 fatal crash that killed a Florida man who was using the car's "Autopilot" system, a person familiar with the meeting told Reuters on Friday. Tesla staff members told congressional …

  • The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal

    The agricultural unit of German chemicals company Bayer AG (BAYGn.DE) will halt future U.S. sales of an insecticide that can be used on more than 200 crops after losing a fight with the U.S. Environmental Protection Agency, the company said on Friday. Bayer lost an attempt to continue sales of flubendiamide, marketed in …

  • Trade associations representing wireless, cable and broadband operators on Friday urged the full U.S. Court of Appeals for the District of Columbia to reverse a ruling upholding the Obama administration's landmark rules barring internet service providers from obstructing or slowing consumer access to web content. A three-judge …

  • The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York

    Chevron Corp (CVX.N) posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp (XOM.N) reported a 59 percent slide in profit, as the long crude price rout (CLc1)(LCOc1) and tumbling refining income inflicted pain across the energy sector. "It's a challenging environment for the integrated" oil producers, …

  • Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data. Investors will be looking for signs of economic strength to reinforce the positive direction hit Friday, when the S&P 500 …

  • Germany's Commerzbank AG (CBKG.DE) on Friday said an EU test of banks' financial health showed its capital is robust, after it posted a weaker reading than most of its European peers under an "adverse" financial stress scenario. Germany's second biggest bank showed a capital strength measure that was eighth from the bottom …

  • MILAN/SIENA (Reuters) - Italian lender Monte dei Paschi di Siena (BMPS.MI) unveiled a plan on Friday to prevent its centuries-old business from being wound up by regulators, a privately funded overhaul that Rome hopes will help stabilise the country's entire banking sector. Monte dei Paschi said it had secured underwriters …

  • France's central bank said on Friday a stress test carried out by European Banking Authority (EBA), confirmed the resilience of the six French banking groups that were tested. Banque de France said the stress test showed that the banks, representing 90 percent of assets in the banking system, were solid and capable of …

  • The European Commission said on Friday that Italy's Monte dei Paschi di Siena (BMPS.MI) plan for a privately funded capital increase was in line with EU rules. "The Commission takes note of the bank's announcement that it plans to launch a private capital raising exercise," a Commission spokesman said in a statement.

  • The United States said on Friday it would allow foreign airlines to fly U.S.-made aircraft to Iran, providing greater assurance to aviation companies as Iran tries to re-establish trade and business links following the lifting of sanctions. The U.S. Treasury's Office of Foreign Assets Control on Friday issued a license …

  • Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing

    Slower economic growth and high inventories of crude and refined oil products have driven Brent and U.S. West Texas Intermediate (WTI) crude futures to bear market territory, 20 percent below their 2016 highs. The recovery faded after prices above $45 enticed U.S. oil drillers to return to the well pad.

  • Royal Dutch Shell's (RDSa.L) Maran Gas Apollonia loaded up with gas at Cheniere Energy Inc's (LNG.A) Sabine Pass LNG export plant in Louisiana, the map showed. Shell does not disclose the destination of its vessels, company spokesman Ray Fisher said. LNG experts at energy data provider Genscape confirmed the ship's destination …

  • Unicredit bank logo is seen on a banner downtown Milan

    Italian bank UniCredit (CRDI.MI) said on Friday it would work with European Central Bank supervisors to assess what it needed to do after industry stress tests showed its core capital ratio neared a closely-watched 7 percent threshold under adverse conditions. There is no pass or fail threshold in the latest round of stress …

  • View shows Kremlin towers and St. Basil's Cathedral in central Moscow

    The Kremlin says it had zero involvement in the hacking of Democratic Party emails while U.S. officials say the hack originated in Russia. Seen through Kremlin eyes, Moscow would only be doing what it feels the United States has been doing to it for years anyway - interfering in a geopolitical rival's domestic politics …

  • Man walks on a logo of the Monte Dei Paschi Di Siena bank in Rome

    Veteran Italian banker Corrado Passera is presenting to the board of Monte dei Paschi (BMPS.MI) an alternative rescue plan which is backed by some U.S. private equity funds and sponsored by Swiss bank UBS (UBSG.S), a source close to the matter said. The board of the Tuscan bank met on Friday to approve first-half results …

  • ROME (Reuters) - The economy minister on Friday welcomed a privately funded rescue of Italy's third-largest lender, Monte dei Paschi di Siena (BMPS.MI), saying the bank could now develop an industrial ...

  • SIENA, Italy (Reuters) - The board of Monte dei Paschi di Siena (BMPS.MI) approved on Friday a privately-backed bailout plan that includes a capital increase and the sale of a big chunk of its bad loans, ...

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