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Updated: 2 hours 23 min ago

HSBC boss can do more to cut bank down to size

May 12, 2013 - 7:06pm

HSBC's sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by Chief Executive Stuart Gulliver, and analysts ...


Aviva in talks to enter British rented housing market: FT

May 12, 2013 - 6:45pm

British insurer Aviva Plc could buy thousands of homes in London and the southeast of England to use as rented properties in a deal with social housing provider A2Dominion, the Financial Times reported ...


Libor likely to be replaced by a dual-track system: FT

May 12, 2013 - 5:19pm
A dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London interbank lending rate Libor as soon as next year, the Financial ...

Analysis: Bullish yuan herd leaves China fundamentals in the dust

May 12, 2013 - 5:07pm

Investors convinced China's currency is once again a one-way bet upward should think again: signs of slowing economic growth could cut short the yuan's rally. Investors and companies have been pouring ...


Portugal bailout review completed: government

May 12, 2013 - 4:17pm

Portugal's government said on Sunday its EU and IMF lenders had concluded work on the latest bailout review, indicating there were no outstanding obstacles for Lisbon to receive the next 2 billion euro ...


Mixed signals for the global economy

May 12, 2013 - 3:15pm

A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in ...


As Detroit emergency manager readies fix-it plan, hard work ahead

May 12, 2013 - 2:52pm

Six weeks into his work as Detroit's emergency manager, former bankruptcy lawyer Kevyn Orr has found the city's finances in worse shape than expected, with long-term debt at $15 billion, $2 billion worse ...


India IT watchdog investigating breach in ATM heist

May 12, 2013 - 11:11am

The Indian government's cyber watchdog is investigating how security at two companies that are part of the country's vast IT services industry was breached in a global ATM heist that saw $45 million stolen ...


U.S. broadcast TV ratings slide pressures ad rates at 'upfronts'

May 12, 2013 - 10:06am

U.S. broadcast networks head into their biggest ad-selling season this week, competing with streaming services like Netflix, battling online players for ad dollars, and fending off hits starring zombies ...


For banks in cyber heist, how to get their money back?

May 12, 2013 - 9:49am

Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance ...


Deutsche Telekom says U.S. listing helps it "attack" rivals: paper

May 12, 2013 - 8:51am
Deutsche Telekom has given its U.S. operations more autonomy, positioning its business to compete better with bigger and smaller rivals, Chief Executive Rene Obermann told Germany's Welt am Sonntag newspaper. ...

Analysis: Google+ struggles to attract brands, some neglect to update

May 12, 2013 - 8:02am

To mark the Cinco de Mayo holiday this year, Domino's Pizza festooned its Facebook page with a string of posts, including an image of a Mexican-themed guacamole pizza that garnered over 2,000 "likes". ...


Qatar postpones planned float of $12 billion investment firm

May 12, 2013 - 7:19am
A planned floatation of Doha Global Investment Co, a $12 billion Qatari investment firm backed by assets from the Gulf state's sovereign wealth fund, has been postponed pending necessary approvals, a senior ...

Kuwait Airways to sign $3 billion-plus Airbus deal: paper

May 12, 2013 - 6:26am

State-run Kuwait Airways will spend 850 million dinars on 25 new Airbus jets and aims to lease a further 13 to upgrade its ageing fleet, a Kuwaiti newspaper reported on Sunday. Daily Al-Watan cited sources ...


Bank Muscat says mulling options to recover card fraud money

May 12, 2013 - 2:28am
Bank Muscat , the main victim of a $45 million global cyber heist, is examining all options to recover the money it lost in an unprecedented fraud brought to light by U.S. authorities. In a globally coordinated ...

German finance minister against idea of ECB buying ABS: magazine

May 12, 2013 - 2:21am

Germany's finance minister has signaled his opposition to any move by the European Central Bank to buy asset-backed securities to help indebted states, telling his party it would amount to "covert ...


Germany pushing for faster reform in euro zone: magazine

May 12, 2013 - 2:15am

Germany wants further reforms and savings in crisis-hit euro zone states, according to a report obtained by German magazine Spiegel in which Berlin evaluates progress made under strengthened EU budget ...


Fed queries Bloomberg over reporters' access to client data

May 11, 2013 - 7:57pm
Bloomberg LP customers, including the U.S. Federal Reserve and the U.S. Treasury, were examining on Saturday whether there could have been leaks of confidential information, even as the media company restricted ...

Indian companies at center of global cyber heist

May 11, 2013 - 7:05pm
Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by U.S. authorities this week. EnStage Inc, which operates from ...

Thermo Fisher sued over sale of Mexico plant used by drug cartel

May 11, 2013 - 5:03pm
Opengate Capital Group LLC filed a lawsuit on Friday alleging that laboratory equipment maker Thermo Fisher Scientific Inc sold it a Mexican plant last year without revealing that a drug cartel was operating ...