Financial News from Reuters

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  • Two U.S. astronauts whipped through a third spacewalk outside the International Space Station on Sunday to rig parking spots for new U.S. space taxis. Station commander Barry "Butch" Wilmore and flight engineer Terry Virts expected to spend about seven hours installing antennas, cables and navigation aides on the station's …

  • German Finance Minister Wolfgang Schaeuble urged the new Greek government on Sunday to use a four-month extension it obtained for its financial rescue to implement its reform plan if it wanted to secure future help from abroad. Schaeuble told German television channel ARD that he had no guarantees that Athens would conduct …

  • Customers crowd for the opening of an Apple Store in Hangzhou

    The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. The world's automakers will gather in the Swiss city to tout their latest minivans, city cars and sport utility vehicles against an uncertain market backdrop, with growing signs of recovery in Europe …

  • BlackBerry announced on Sunday that it plans to expand its cross-platform strategy and deliver its often admired security, productivity and communication tools to any smartphone or tablet device running iOS, Android or Windows. The one-time smartphone sector pioneer's devices have waned in popularity in recent years, but …

  • People pose with mobile devices in front of projection of Samsung logo in this picture illustration taken in Zenica

    SEOUL/BARCELONA (Reuters) - Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim its throne as undisputed global smartphone leader from Apple Inc. Designed from scratch in an operation dubbed "Project Zero", the Galaxy S6 and its curved-edges …

  • The Apple logo is pictured at its flagship retail store in San Francisco

    The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. The world's automakers will gather in the Swiss city to tout their latest minivans, city cars and sport utility vehicles against an uncertain market backdrop, with growing signs of recovery in Europe …

  • Bells toll for Europe's largest gas field Reuters - 2 hours 1 minute ago

    Dutch church bells that for centuries have tolled to warn of floods across the low-lying countryside are sounding the alarm for a new threat: earthquakes linked to Europe's largest natural gas field. "Money can buy a lot of things, but a building like this cannot be replaced," said Jur Bekooy, a civil engineer with the …

  • RWE presses ahead with DEA sale as UK demurs Reuters - 2 hours 12 minutes ago

    LONDON/FRANKFURT (Reuters) - German utility RWE (RWEG.DE) will complete a 5 billion euro (3.62 billion pounds) deal to sell oil and gas unit DEA [RWEDE.UL] to Russian tycoon Mikhail Fridman on Monday, despite a late British move to block part of the sale, the company said on Sunday. The transaction, which will help reduce …

  • Italy government pushing for broadband solution Reuters - 2 hours 56 minutes ago
    Italian Prime Minister Renzi reacts during a joint news conference with NATO Secretary-General Stoltenberg at the end of a meeting at Chigi Palace in Rome

    The Italian government is pushing to speed up the roll-out of ultrafast broadband networks to help its ailing economy, fuelling speculation it could force incumbent Telecom Italia (TLIT.MI) into a costly overhaul of its existing infrastructure. The cabinet of Prime Minister Matteo Renzi meets on Tuesday to approve an 6 …

  • ATHENS/MADRID (Reuters) - Spain's centre-right Prime Minister Mariano Rajoy hit back on Sunday against accusations from Greece's leftist premier that Spain and Portugal had led a conservative conspiracy to topple his anti-austerity government. Greek Prime Minister Alexis Tsipras said Spain and Portugal had taken a hard …

  • Telecom companies such as AT&T and Vodafone have convinced U.S. and European regulators, finalizing so-called "net neutrality" rules, to allow them to dedicate network capacity to services such as providing connectivity to driverless cars and facilitating the exchange of medical data between patients and health professionals. …

  • A picture illustration of an one Euro coin is displayed on Greek Drachma banknote

    The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial centre and a hotbed of Euroscepticism. The heightened risk of a Greek default and/or exit comes just as there are signs that the euro zone is turning the corner …

  • A woman speaks on a mobile telephone outside an O2 store in central London

    Running short of dramatically new phone designs, leaders of the world's wireless industry agree their next big idea is 5G, shorthand for the fifth generation of networks they expect to have up and running by 2020. "It is unclear what the opportunity or weakness that 5G should address is," researchers at GSMA, the global …

  • Dutch semiconductor equipment maker ASML said on Sunday that it was investigating an unauthorised intrusion into its IT systems, but it had found no evidence that valuable files were accessed. ASML, the world's largest maker of tools for etching out the powerful microchips at the heart of latest-generation smartphones …

  • German Finance Minister Wolfgang Schaeuble told a German newspaper he was sure the Greek government would be able to fulfil the conditions attached to its bailout but warned that it would receive no further aid if it did not keep its promises. "The new Greek government has a lot of legitimacy with the population. I have …

  • A man walks past a logo during the presentation the Huawei's new smartphone, the Ascend P7, launched by China's Huawei Technologies in Paris

    Chinese telecom equipment maker Huawei on Sunday launched its first smartwatch, a round-faced device that works with Android phones, joining a crowded market weeks before the introduction of the highly anticipated Apple Watch. At an event tied to the Mobile World Congress in Barcelona, the firm unveiled its Huawei watch …

  • A strike by pilots at Norwegian Air (NWC.OL), Europe's third-biggest budget airline, led to some cancellations of domestic flights on Sunday, but long-haul routes to the U.S. and Asia were operating as normal, the airline said. As of 1230 GMT, there were about 20 flights cancelled, including one flight from Copenhagen …

  • France's Orange and Italy's telecom operator Telecom Italia have been discussing a possible alliance between the former monopolies, Orange's chief executive told the Journal de Dimanche. "There are no negotiations ongoing just exchanges of points of view between the two management teams," said Orange's CEO Stephane Richard. …

  • NEW YORK/MANAGUA (Reuters) - Venezuela, once a proud exporter of premium coffee, has been reduced to swapping crude oil for growing volumes of Nicaraguan coffee beans to make sure worsening economic turmoil does not prevent people from getting their caffeine fix.     For the first time on record, coffee imports this year will …

  • NEW DELHI/MUMBAI (Reuters) - India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in check. The budget presented by Finance Minister …

  • German utility RWE (RWEG.DE) said on Sunday the sale of its oil and gas unit DEA to Russian tycoon Mikhail Fridman would go through on March 2, despite a British move to block part of the deal. The UK Department of Energy and Climate Change (DECC) announced on Saturday that it was not willing to provide a comfort letter …

  • Items marked ** denote new or amended listings MONDAY, MARCH 2 (until March 3) BAHRAIN - Global Islamic Investment Gateway 2015 Details: http://www.giig2015.com TUESDAY, MARCH 10 (until March 11) PAKISTAN ...

  • The mass-market convertible car emits its last gasp this week at a Geneva motor show bristling with sport utility vehicles and low-cost models -- more evidence of the pragmatism of European consumers marked by years of austerity. Mainstream brands from Peugeot to Volkswagen are quietly axing cabriolets, as customers with …

  • A picture illustration shows Euro banknotes in Zenica

    Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labour market are set to be the focus of an economic week dominated by a host of central bank meetings. The European Central Bank's Governing Council convenes in Cyprus on Thursday and may take a decision on whether …

  • A trailer loaded with container boxes travels in Ningbo port

    Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy. Cuts to benchmark lending and deposit rates, announced by the People's Bank …

  • In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. In the 84-year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large …

  • Hyundai Corp is recalling 204,768 Elantras because of a power steering defect that might cause the cars to suddenly revert to manual steering, the company said Saturday in a report filed with U.S. auto safety regulators. The recall affects four-door Elantra sedans produced from June 1, 2008, to April 30, 2010, and 2009-10 …

  • Enders CEO of Airbus Group attends company's annual news conference in Munich

    Airbus Group (AIR.PA) Chief Executive Tom Enders has given the strongest hint yet that he may seek a new term as head of Europe's largest aerospace company, telling a French newspaper he does not feel ready for retirement when his mandate expires next year. Asked by Le Journal du Dimanche about his priorities for the …

  • This increased scrutiny also follows weaknesses in vetting exposed by problems at the Co-Op Bank, where the former chairman, Paul Flowers, was waved through in 2010 despite disclosing a criminal conviction and later showing little knowledge of banking. The country's two financial regulators, the Prudential Regulation Authority …

  • Berkshire Hathaway CEO Buffett bites into an ice cream during a trade show at the company's annual meeting in Omaha

    Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance …

  • An Aer Lingus plane taxis before take off at Dublin airport

    A senior member of Ireland's junior coalition party on Saturday said opposition to the sale of the state's 25 percent stake in Aer Lingus (AERL.I) had softened in recent weeks and the party was likely to ultimately agree to the deal. Aer Lingus' board last month recommended that Ireland back a 1.36 billion euro (972.01 …

  • Financial investor Warren Buffett looks on during an announcement ceremony at Northwestern University in Evanston

    Warren Buffett, the billionaire chief executive of Berkshire Hathaway Inc (BRKa.N), told investors on Saturday that the company had found his successor, and the company's vice chairman, Charlie Munger, identified two Berkshire executives as candidates. "'World-leading' would be the description I would choose," Munger said …

  • UK blocks Russian oligarchs' deal to buy North Sea fields Reuters - Sat, Feb 28, 2015 17:47 GMT

    Britain has blocked a deal by Russian billionaires, Mikhail Fridman and German Khan, to buy 12 oil and gas fields in the North Sea as part of their acquisition of Germany's oil firm DEA from RWE (RWEG.DE), citing possible sanctions against Russia. "If the proposed acquisition were to proceed in its current form, he (Energy …

  • COPENHAGEN (Reuters) - Scandinavian Airlines SAS (SAS.ST) has cancelled some 60 flights going to or from Copenhagen Airport (KBHL.CO) on Saturday after members of SAS' Danish cabin staff walked out in ...

  • Highlights: Warren Buffett's letter to investors Reuters - Sat, Feb 28, 2015 17:33 GMT

    Warren Buffett released his annual letter to Berkshire Hathaway (BRKa.N) shareholders on Saturday, written with his usual mix of business facts, common-sense advice and showmanship. "Periodically, financial markets will become divorced from reality – you can count on that.

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