StanChart CEO says no plans to raise capital, cut payouts
LONDON (Reuters) – Standard Chartered’s boss said he had no plans to raise capital from shareholders or cut the dividend, saying his bank had strong capital “on any measure” despite a drop in profits and a challenging outlook.
Sportech looks to profit from Connecticut online launch
LONDON (Reuters) – Gambling company Sportech is aiming to expand further in the United States by offering Internet betting on horse racing in Connecticut and opening sports bars there and in California.
Japan may tax bitcoin deals, stop banks, brokerages from handling
TOKYO (Reuters) – Japan will this week set out rules on how to handle bitcoins, the first sign that the government is taking action on regulating the virtual currency after the collapse last week of Tokyo-based Mt. Gox, once the world’s dominant bitcoi…
Carrefour to boost capital spend after 2013 profit rise
PARIS (Reuters) – Carrefour , the world’s second-largest retailer, reported a rise in profits on Wednesday as work on turning round its French business started to pay off and said it would spend more this year on reviving its European hypermarkets and …
Morgan Stanley weighing sale of Swiss private bank: source
ZURICH (Reuters) – Morgan Stanley is weighing the sale of its private bank in Switzerland which manages roughly 10 billion Swiss francs ($11.28 billion) in assets, a source close to the matter told Reuters.
Anxious investors may opt to hunker down at home
LONDON (Reuters) – Scared money seeking a safe haven may just head for home.
In U.S. mergers, no one waits for this waiting period
WASHINGTON (Reuters) – Sometime soon, maybe in the next month or so, a federal judge is expected to decide whether the creation of the world’s biggest passenger airline, as envisioned by two companies and the U.S. Justice Department, was really a good …
Yahoo to stop user access of services with Facebook, Google IDs
SAN FRANCISCO (Reuters) – Yahoo Inc will stop letting consumers access its various online services, including Fantasy Sports and photo-sharing site Flickr, by signing-in with their Facebook Inc or Google Inc credentials.
China aims for 7.5 percent economic growth in 2014: Premier Li
BEIJING (Reuters) – China aims to grow its economy by about 7.5 percent in 2014 and to keep consumer inflation around 3.5 percent for the year, Premier Li Keqiang said on Wednesday as the country began its annual meeting of parliament, the National Peo…
Keystone XL pipeline will be built, TransCanada CEO predicts
HOUSTON (Reuters) – The controversial Keystone XL pipeline will receive President Obama’s blessing and be built to transport crude oil from Canada to Texas, TransCanada Corp Chief Executive Russ Girling predicted on Tuesday.
