Business news Archive, Page 3
- IMF's Lagarde - a pragmatist in austerity... 4 hours ago
By Catherine Bremer PARIS (Reuters) - Christine Lagarde has made her mark as International Monetary Fund chief by taking a firm yet pragmatic stance in the austerity-versus-growth debate raging as Europe struggles to pull itself out of a long crisis. Lagarde, who was quizzed by a Paris magistrate on Thursday over a 2007 arbitration payment she made as French finance minister to settle a spat between the state and a businessman, was appointed IMF head in June 2011. ... ...more
- 'Mini-Experian' Callcredit Plots £400m... 4 hours ago
Callcredit Information... ...more
- Russia's commitment to new budget rule... 4 hours ago
By Maya Dyakina MOSCOW (Reuters) - Just last year Russia's government reimposed a rule meant to restrain spending and borrowing and channel substantial amounts of the country's energy revenues into its wealth fund. But the economy is weakening and budget discipline is already slipping. Finance Minister Anton Siluanov's inability to hold the line, in contrast to his predecessor Alexei Kudrin, does not spell immediate disaster for Russia, which is running a small fiscal deficit and has minimal debts... ...more
- Halfords slashes dividend to fund three... 4 hours ago
By Neil Maidment LONDON (Reuters) - Cycles-to-car-parts retailer Halfords has cut its dividend by a third to help fund a multi-million pound investment programme, warning this would keep earnings below last year's level for the next two years. Shares in the British company, up sharply in the past month, slumped to a six-week low of 320 pence and were down 15 percent at 336p by 1049 GMT. ... ...more
- Warning signs for China, Fed hints at... 4 hours ago
By Andy Bruce LONDON (Reuters) - Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surveys showed on Thursday. World stock markets tumbled after the Chinese data and also in response to U.S. Federal Reserve Chairman Ben Bernanke, who hinted on Wednesday the Fed could soon pare back its bond-buying with new money if the economy maintains momentum. China's flash HSBC Purchasing Managers' Index... ...more
- Flybe quits Gatwick as part of turnaround... 5 hours ago
By Richa Naidu (Reuters) - Struggling British airline Flybe Group Plc will quit its main London hub at Gatwick airport and has pushed back the delivery of 16 new aircraft to help it return to profitability ...more
- Lufthansa, United win EU approval for... 5 hours ago
By Foo Yun Chee BRUSSELS (Reuters) - Lufthansa , United Airlines , Continental and Air Canada won approval from EU antitrust regulators on Thursday for their transatlantic tie-up after agreeing to give ...more
- Spain's borrowing costs rise for first... 5 hours ago
MADRID (Reuters) - Spain paid higher rates on medium-term debt for the first time since early February, at an auction on Thursday, a sign that a global liquidity flows into countries on the periphery of the euro zone could be drying up. Spain sold 4 billion euros ($5.15 billion) at a triple-bond sale, meeting its issuance target, and yields rose on bonds maturing in three, five and 13 years. ... ...more
- Global Markets Down After Bernanke QE... 5 hours ago
The FTSE lost close to two percent in early trading on... ...more
- Exclusive: China urbanisation plan hits... 6 hours ago
By Kevin Yao BEIJING (Reuters) - China's plan to spend $6.5 trillion (4.31 trillion pounds) on urbanisation to bolster the economy is running into snags, sources close to the government said, as ...more
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