U.S. stocks down, yields ease, dollar rises
NEW YORK (Reuters) – Uncertainty about a potential cut in Federal Reserve stimulus kept global equity markets under pressure on Wednesday as U.S. yields eased and the dollar rose.
Angry Birds’ Rovio in no rush for stock exchange listing, executive says
HELSINKI (Reuters) – Rovio, the Finnish company behind the game and toy phenomenon Angry Birds, is not planning an initial public offering any time soon as it concentrates on managing its fast growth, a senior executive said.
Nokia’s networks chief embarks on new expansion drive
HELSINKI (Reuters) – Nokia’s telecoms equipment unit, NSN, is focusing on expanding sales after years of concentrating on cost cutting and ditching unprofitable contracts to improve margins, its chief executive said on Wednesday.
Former top regulator Sants resigns from Barclays due to stress
LONDON (Reuters) – Hector Sants, the former top financial regulator who this year joined Barclays as head of compliance and regulation, has resigned from the British bank due to stress and exhaustion.
ECB briefs heads of top euro zone banks ahead of stress tests
FRANKFURT (Reuters) – Bosses from top euro zone banks were gathering at the European Central Bank on Wednesday to find out what it will be looking for in its upcoming “stress tests” on their balance sheets.
Natixis parent BPCE eyes profit above 4 billion euros by 2017
PARIS (Reuters) – BPCE, the parent group of French investment bank Natixis , said it aimed for a net profit above 4 billion euros ($5.37 billion) by 2017 as part of a new strategic plan designed to offset a weak economy and tougher regulation.
Analysis: Contractors squeezed as oil budgets tighten
LONDON (Reuters) – Under pressure from their shareholders to spend less, international oil companies are demanding cheaper and simpler services, equipment and engineering, a red flag for contract firms which rely heavily on their needs.
ICAP says no reason to believe its brokers linked to forex probes
LONDON (Reuters) – ICAP, the world’s largest interdealer broker, said on Wednesday it had no reason to believe any of its brokers are linked to an alleged manipulation of foreign exchange markets under investigation by financial watchdogs.
Japan machinery orders fall, BOJ warns of overseas risks
TOKYO/MATSUMOTO, Japan (Reuters) – Japan’s core machinery orders fell more than expected and a central banker warned of headwinds from soft overseas growth, underscoring the difficulties of sustaining the economic recovery Prime Minister Shinzo Abe’s s…
China October fiscal revenues up 16.2 percent year on year
BEIJING (Reuters) – China’s fiscal revenues in October rose 16.2 pct from a year earlier to 1.2 trillion yuan ($197 billion), the Ministry of Finance said on Wednesday, accelerating from September’s 13.4 percent rise.
