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  • Sportswear firm Adidas AG (GER:ADS) is shifting some orders from a factory in south China that has been at the centre of one of the country's biggest labour strikes, underlining a rising challenge for firms doing business in China where an increasingly savvy workforce is pushing harder for its rights. Thousands of workers …

  • SINGAPORE (Reuters) - Standard Chartered (LSE:STAN) on Thursday named Tom Willett as its new global head of mergers and acquisitions from June 1 to replace current head Andrew Suckling, who is taking a ...

  • The defence contractor has been selling its non-core businesses since last year to reduce dependence on U.S. and European markets and pushing into non-NATO markets. The sale of the munitions business — Mecar and Simmel — would help Chemring focus on its defence technology business that will include Sensors & Electronics, …

  • Passengers on a London bus pass a branch of the Co-operative bank in central London

    Britain's Labour Party is considering moving a 1.2 million pound loan with the troubled Co-operative Bank to Unity Trust Bank, which is controlled by the country's trade unions, sources familiar with the matter said on Thursday. The sources said discussions were at an early stage and emphasised Labour would continue to …

  • British retail sales bounced back this month after a weak March, helped by sales from a later-than-usual Easter, the Confederation of British Industry said on Monday. The CBI distributive trades survey's retail sales balance jumped to +30 in April from +13 in March, its highest level since February and well above economists' …

  • European Central Bank President Mario Draghi said on Thursday the central bank should reflect on the frequency of its policy meetings to keep expectations for further stimulus at bay. The ECB Governing Council meets once a month to set interest rates for the 18-member euro zone. After the monthly meeting, Draghi holds …

  • The European Central Bank could embark on a broad-based asset buying plan if the euro zone inflation outlook worsens, ECB President Mario Draghi said, adding that a rise in the euro could also trigger policy action. While stressing that the ECB sees inflation remaining low for a prolonged period before rising again, Draghi …

  • Mitsubishi Motors Corp (TYO:7211) nearly doubled its operating profit for the year ended March to an all-time high of 123.4 billion yen (714.6 million pounds) as a drop in Thai sales was offset by growing sales in most other regions around the world. The Japanese automaker now expects to hit its mid-term annual operating …

  • Ericsson to split Network unit in two Reuters - 48 minutes ago

    Ericsson, the world's top mobile telecom equipment maker, said on Thursday it would split its key Network unit in two as communications technology relies more on software and the Internet. Ericsson said it would create one separate business unit for mobile telecom equipment, called Radio, and one business unit called Cloud …

  • Up to a quarter of electronic trading volume on the London Metal Exchange (LME) comes from customers in Asia, its chief executive said, indicating the bourse has a robust base for its drive into the region. It is the first time the LME, the world's biggest marketplace for industrial metals such as copper and aluminium, …

  • The cost for Spain to sell medium- and long-term debt fell to its lowest on record on Thursday as investors hunt for returns and after the Bank of Spain said economic output growth gained pace after two years of recession. The Treasury sold 5.6 billion euros (4.60 billion pounds) of bonds at yields not seen since at least …

  • File photograph shows a pedestrian passing the head office of the Lloyds Banking Group in London

    LONDON (Reuters) - Lloyds Banking Group (LSE:LLOY) has appointed Nick Prettejohn as chairman of its pensions company Scottish Widows Group. The former chairman of Brit Insurance (BRIT.L) was also named ...

  • Tokyo District Court ordered liquidation to begin at failed bitcoin exchange Mt. Gox, the company said on Thursday, after the bankruptcy administrator said on April 16 that it would be difficult to rehabilitate the firm. Mt. Gox, once the largest bitcoin exchange in the world, filed for bankruptcy protection on Feb. 28, …

  • Structure showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt

    Spare cash in the euro zone banking system has fallen below the threshold of 100 billion euros for the first time since the European Central Bank flooded the system with ultra-cheap crisis loans in late 2011. Excess liquidity, or money banks hold beyond what they need for their day-to-day operations, fell to 92.937 billion …

  • Sustained weakness in the Chinese yuan has soured sentiment on emerging Asian currencies while views on the Singapore dollar turned negative in the past two weeks, a Reuters poll showed on Thursday. Growing pessimism on the Chinese currency weighed on other emerging Asian currencies as they tend to closely track the yuan …

  • Novartis sales miss forecast as readies overhaul Reuters - 1 hour 21 minutes ago
    A Switzerland national flag flies in front of a building of Swiss drugmaker Novartis in Zurich

    Swiss drugmaker Novartis (VTX:NOVN) posted a weaker-than-expected 1 percent rise in quarterly sales, underscoring the pressures from generic competition and tighter healthcare budgets that led it to announce a radical business overhaul earlier this week. On Tuesday, Novartis unveiled a series of deals worth over $25 billion …

  • Barclays profit falls on fixed-income slump Reuters - 1 hour 22 minutes ago
    The logo of Barclays bank is seen at its office in the Canary Wharf business district of London

    Barclays Plc (LSE:BARC) said its first-quarter profit fell after a "significant" drop in revenue from its investment bank's fixed- income operations, extending an industry slump across that business. A cost-cutting programme was starting to show a "material benefit", however, and would help offset the drop in investment …

  • LONDON (Reuters) - AstraZeneca is looking to partner or sell its anti-infective and neuroscience drugs, since these products are no longer core areas for the British drugmaker, its chief executive said ...

  • Virgin Atlantic says 2013 annual loss narrows Reuters - 1 hour 36 minutes ago

    Privately-owned airline Virgin Atlantic (VA.UL) said its annual loss narrowed by 50 percent in 2013, putting it on track to return to profitability by the end of this year. The airline, founded by billionaire Richard Branson, on Thursday reported a group pretax loss of 51 million pounds for the twelve months to end December …

  • Employee of German auto parts supplier Robert Bosch prepares conductor board of KTS-diagnostic system at production line in Plochingen

    German firms shrugged off concerns about tensions between the West and Russia over Ukraine, helping the Ifo business climate index to a surprise increase in April and signalling that Europe's largest economy is on track for firm growth this year. The Munich-based Ifo think tank's business climate index, based on a monthly …

  • (Updates prices. For midday report, double-click ) SINGAPORE, April 24 (Reuters) - The Chinese yuan broke though a key psychological support level on Thursday to hit fresh 16-month lows, causing emerging ...

  • FTSE hits six-week high, miners lead Reuters - 2 hours 3 minutes ago

    The FTSE 100 hit a six-week high on Thursday, with miners leading the market higher tracking firmer metals prices, while Anglo American also reported strong output numbers. Anglo American rose 3.2 percent to the top of the blue-chip FTSE 100 index after its copper output rose 18 percent and iron ore 10 percent in the first …

  • Juicy Apple buoys global shares Reuters - 2 hours 14 minutes ago

    Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. The gains were boosted by the region's tech stocks and come after iPhone giant Apple (AAPL.O) reported record first quarter sales …

  • Juicy Apple buoys shares, euro volatility sinks Reuters - 2 hours 16 minutes ago

    Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. The gains were boosted by the region's tech stocks and come after iPhone giant Apple reported record first quarter sales and …

  • AstraZeneca highlighted progress with new cancer drugs that may revive its fortunes as it posted a 17 percent fall in core earnings per share on Thursday, reflecting patent losses on profitable older medicines. Britain's second-biggest drugmaker made no reference to a reported 60 billion pound bid approach from Pfizer …

  • Women listen as a Samsung employee provides instructions on using their new Galaxy smartphones in Jakarta

    The Indonesian representatives of Apple Inc, Samsung Electronics Co Ltd and other members of a local industry group said smartphone sales could fall by as much as 50 percent if the government imposes a tax on luxury models. The government is considering a 20 percent tax for smartphones retailing at or above 5 million rupiah …

  • LONDON (Reuters) - Consumer goods maker Unilever (ULVR.L) (UNc.AS) reported higher first-quarter underlying sales on Thursday, despite a later Easter holiday that pushed some food sales into the second ...

  • An overview of Barrick Gold Corporation's Pueblo Viejo gold mine is seen in Cotui

    But investors took heart from a fall in operating costs and improving ore grades and pushed up the miner's shares as much as 7 percent in early trading on the London Stock Exchange. African Barrick also said on Thursday that its board had approved an acceleration of mining at the upper east zone of its Bulyanhulu mine …

  • Spain's Caixabank (MCE:CABK) and Sabadell (MCE:SAB) on Thursday said bad debts had fallen slightly in the first quarter, signalling the start of a more marked turnaround for the country's banks. Spain's banks are trying to recover from a real estate market crash that hit earnings when they took hefty charges on soured …

  • Travis Perkins (LSE:TPK), Britain's No. 1 supplier of building materials, posted a strong rise in first quarter sales, benefiting from the upturn in building activity and the strength of housing transactions. They closed at 1,832 pence on Wednesday, valuing the business at 4.53 billion pounds.

  • Unilever Chief Executive Officer Paul Polman speaks at the WE Day UK event at Wembley Arena in London

    LONDON (Reuters) - Consumer goods maker Unilever (LSE:ULVR) (AEX:UNA) reported higher-than-expected first-quarter underlying sales on Thursday, despite a later Easter holiday and a slowing in some emerging ...

  • U.S. regulators are expected to vote on May 15 on a new set of so-called "net neutrality" rules aimed at making certain that broadband providers do not slow down or block consumers' access to legal Internet content. The rules from the Federal Communications Commission, which released its framework in February, are expected …

  • HANOI, April 24 (Reuters) - Southeast Asian stocks were mixed on Thursday, with Singapore's Straits Times Index rebounding 0.55 percent from a profit-taking session, led by gains in SingTel, the city state's ...

  • Channel Tunnel operator Eurotunnel (PAR:GET) reported an 8 percent rise in first-quarter revenue on Thursday, driven by growth in rail freight and at its MyFerryLink ferry service. The tunnel linking France to Britain, which will celebrate 20 years of business next month, carries the Eurostar high-speed train from Paris …

  • SEOUL (Reuters) - South Korea's Hyundai Motor Co on Thursday missed analyst estimates by posting nearly flat net profit, as lacklustre U.S. performance offset increased sales in Korea and China. Hyundai, ...

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