Investment News
LONDON (Reuters) - HSBC Holdings said the theft of data by a former employee affected about 15,000 Swiss client accounts, after previously saying it affected "less than 10 clients."
LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion (4.7 billion pounds), as the U.S. producer refocuses on onshore U.S. fields.
LONDON (Reuters) - Britain's biggest retailers are coping in a tough economic environment, but are concerned that steps to bring down government borrowing, like higher taxes and public spending cuts, could hit consumers in the months ahead.
LONDON (Reuters) - The leading share index shed 0.3 percent early on Thursday as commodities and financials Editing by Hans Peterssaw recent gains clipped after data rekindled concerns about tighter monetary policy in China.
LONDON (Reuters) - Expectations for inflation over the next 12 months rose slightly to 2.5 percent in February from 2.4 percent in November, a quarterly survey from the Bank of England showed on Thursday.
BRUSSELS (Reuters) - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported.
LONDON (Reuters) - Bellwether retailer John Lewis posted a 10 percent rise in year profit, reversing a first-half fall, and said it would pay its 70,000 staff, known as partners, a bonus of 15 percent of salary.
LONDON (Reuters) - AstraZeneca is boosting its presence in emerging markets through its first branded generics supply deal, with India's Torrent Pharmaceuticals, mirroring similar tie-ups by other Big Pharma groups.
PARIS (Reuters) - The apparent loss this week of a U.S. in-flight refuelling tanker contract worth up to $50 billion (33 billion pounds) will not affect EADS's finances, the European aerospace group's chief executive said on Thursday.
LONDON (Reuters) - Insurer Old Mutual said it would sell its life unit and list its funds operation in the United States as part of a strategic overhaul, but shares in the company fell amid disappointment the shake-up did not go further.
LONDON (Reuters) - With economic policy stimuli already at full tilt, no government wants an overvalued exchange rate to slay recovery, and the rival "soft currency" needs are producing some elaborate rhetorical jousting.
LONDON (Reuters) - A dearth of real estate firms listing on the London Stock Exchange's junior market is unlikely to change before 2012, even as the property market revives, with gun-shy investors only willing to back proven asset managers.
WASHINGTON (Reuters) - Greek leaders' overtures for far tougher curbs on credit default swaps fell largely on deaf ears in Washington, but they'll go back to Athens with some sage advice from local policy wonks: look in the mirror and don't blame market messengers for your debt woes.
HONG KONG (Reuters) - A year after Asian stocks began to rise, investors should turn their attention to Southeast Asia, which lagged the wider rally and where exporters are set to thrive on growth in China and India.
LONDON (Reuters) - More buyers could hijack planned flotations at the last minute after Prudential's surprise purchase of AIG's Asian life insurance unit showed the benefits of such "dual track" disposals.
SHANGHAI (Reuters) - China's appetite for imported coal will provide a solid floor for global prices of the commodity this year, but its imports may miss last year's peak as price-sensitive buyers shy from rebounding prices.
DUBAI/SINGAPORE (Reuters) - Middle East oil demand could grow by nearly 5 percent in 2010, outpacing a modest recovery in global energy demand as the world's top oil exporting governments continue spending petrodollars to boost economies, analysts said.
LONDON (Reuters) - European corporate investment is set to rise after a tough period and shares of firms in the industrial, technology and oil service sectors stand to benefit the most.
CHICAGO (Reuters) - Investors seeking strong returns in the commodity markets have been pouring money into U.S. cattle futures, sending prices to 15-month highs and boosting February volume 27 percent from a year ago.
LONDON (Reuters) - Equity investors are expected to stay away from most European auto firms this year as issues from chronic overcapacity to poor demand undermine confidence, though the premium car segment has potential to shine.
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