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Banks give back China investment quotas as clients bypass the middlemen| Reuters

Jan 17, 2016 at 09:45 | Source: FirstPost

HONG KONG Global banks have started to hand back investment quotas used to buy Chinese stocks and bonds because alternative channels for investment in China and the sliding yuan are making this once lucrative business unprofitable. While China's move...

Pearson says in talks to sell its 50 pct stake in The Economist| Reuters

Jul 25, 2015 at 21:15 | Source: FirstPost

LONDON Britain's Pearson said on Saturday it was in talks to sell its 50 percent stake in The Economist Group, publisher of The Economist newspaper.The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group...

Foreign investors seek reform of China stock suspensions| Reuters

Jul 18, 2015 at 01:15 | Source: FirstPost

HONG KONG Foreign investors have called on Chinese regulators to review the mechanism that allowed more than half its listed companies to halt trading in their shares during the recent market crash, trapping investors as prices tumbled.As China's sto...

Slowing China, supply gluts limit upside for commodities in Q3| Reuters

Jul 14, 2015 at 01:45 | Source: FirstPost

LONDON A slowdown in China, a strong dollar and high inventories will limit the upside for commodity price performance in coming months, although leading fund managers still see pockets of value in areas such as refined oil products.The bearish cockt...

Eurozone economy sees growth pick up

Feb 14, 2015 at 05:02 | Source: BBC

The eurozone's economy grew by a stronger-than-expected 0.3% in the last three months of 2014, helped by rapid growth in Germany. Germany's economy - the largest in the eurozone - grew by 0.7% in the quarter, comfortably beating analysts�...

Only emerging market reformers like India will keep investors as tide turns

Dec 15, 2014 at 00:45 | Source: FirstPost

LONDON (Reuters) - Emerging markets' popularity with investors is ebbing as a strong dollar lures money away and commodity prices fall, but some governments promising tough economic reforms may stem the flow of capital leaving.India and Indonesia cur...

Scottish referendum: Shares rise on 'No' vote as pound rally fades

Sep 20, 2014 at 05:42 | Source: BBC

Shares on the London stock market rose on Friday after Scotland voted against independence. The FTSE 100 share index was up 0.27%, or 18 points, closing at 6837.92. An initial rally in the pound faded. Overnight it hit a two-year high against the eur...

Scottish referendum: Pound surges on Scottish 'No' vote

Sep 19, 2014 at 12:22 | Source: BBC

The pound has hit a two-year high against the euro and a two-week high against the US dollar, as Scotland voted against independence. In early Asian trade, sterling jumped 0.43% to 1.2743 euros. The pound also jumped nearly 0.8% to $1.6525 against th...

ECB under pressure to boost growth, analysts say

Aug 15, 2014 at 18:22 | Source: BBC

Stagnation in eurozone growth has put pressure on the European Central Bank (ECB) to take measures to stimulate the European economy, analysts say. Growth in the eurozone flatlined in the second quarter, and inflation also dropped, according to offic...

UK firms hurt by Russian embargo on food imports

Aug 10, 2014 at 19:12 | Source: BBC

UK firms have been hit by a Russian ban on food imports from a number of Western countries. The tit-for-tat ban, imposed on Thursday, bars imports from countries which have imposed sanctions on Russia over the conflict in Ukraine. It will have a big ...

U.K. Stocks Drop as Obama Authorizes Air Strikes in Iraq

Aug 08, 2014 at 18:00 | Source: Bloomberg

U.K. stocks declined for a third day after U.S. President Barack Obama authorized air strikes against militants in Iraq. Schroders Plc fell 3.8 percent after Aberdeen Asset Management Plc's chief executive officer said investors had become to...

Saudi Arabian stock market to open to foreign investors

Jul 22, 2014 at 20:22 | Source: BBC

Saudi Arabia's stock market will open up to foreign investors for the first time, the country has announced. The move, which should happen in the first half of 2015, sparked a 3% rise in the Tadawul index in early trading. The Saudi market is th...

Guarding against missile attacks: Why MH17 incident is scarily off-script

Jul 18, 2014 at 22:51 | Source: FirstPost

We do not know yet who shot down MH17 over Ukraine. Ukraines government want to blame Russia-supporting rebels. Russias Vladmir Putin says Ukraines military campaign is to blame.US Vice President Joe Biden says Ukraine has accepted the offer of U.S. ...

Why MH17 incident is so scary: How do you guard against missile attacks?

Jul 18, 2014 at 17:23 | Source: FirstPost

We do not know yet who shot down MH17 over Ukraine. Ukraines government want to blame Russia-supporting rebels. Russias Vladmir Putin says Ukraines military campaign is to blame.US Vice President Joe Biden says Ukraine has accepted the offer of U.S. ...

Why MH17 is so scary: How do you guard against missile attacks?

Jul 18, 2014 at 16:20 | Source: FirstPost

We do not know yet who shot down MH17 over Ukraine. Ukraines government want to blame Russia-supporting rebels. Russias Vladmir Putin says Ukraines military campaign is to blame.US Vice President Joe Biden says Ukraine has accepted the offer of U.S. ...

Pfizer drops AstraZeneca takeover bid

May 26, 2014 at 23:12 | Source: BBC

US drugs giant Pfizer has withdrawn its £55 a share, £69bn takeover bid for UK pharmaceutical firm AstraZeneca. It said: Following the AstraZeneca board's rejection of the proposal, Pfizer announces that it does not intend to make an offer. As...

AstraZeneca shareholder urges new talks with Pfizer

May 21, 2014 at 04:02 | Source: BBC

Fund manager Schroders wants AstraZeneca to recommence engagement with Pfizer, after the UK drug maker rejected a takeover by its US rival. UK-based Schroders is the twelfth largest shareholder in AstraZeneca, with a 2% holding. On Monday, AstraZenec...

FTSE 100 climbs after strong housing, PMI data

May 01, 2014 at 20:47 | Source: Market Watch

LONDON (MarketWatch) — The U.K.’s FTSE 100 index advanced on Thursday after solid manufacturing and housing data, while well-received earnings reports from Lloyds Banking Group and BSkyB also helped spur an upbeat trading mood. The benchmark ind...

Owners of prime property in London confirm sale to Lodha Group

Feb 20, 2014 at 01:31 | Source: Economic Times

LONDON: Owners of a prime residential site in the heart of London have confirmed its sale to Mumbai's Lodha Group. The West End of London Property Unit Trust ( WELPUT) has sold New Court on Carey Street in central London to the Mumbai firm, its seco...

Flybe outlines base closures as part of job cuts plan

Nov 16, 2013 at 02:47 | Source: BBC

Flybe, the Exeter-based airline, is proposing to close six bases as part of its cost-cutting plan. Bases at Aberdeen, Guernsey, Inverness, Isle of Man, Jersey and Newcastle are due to close as the airline looks to save £85m over the next few years. ...

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