Fed’s Bullard: no hurry to taper because of low inflation
WASHINGTON (Reuters) – The Federal Reserve should not rush a decision to scale back its asset purchase program because of low inflation, a senior U.S. central banker said on Monday.
UBS, Credit Suisse hit by threat of stricter capital rules
ZURICH/LONDON (Reuters) – UBS and Credit Suisse would have to hold far more capital than international rivals if Swiss lawmakers push ahead with proposals to impose even tougher rules to curb borrowing on the country’s banks.
UK fraud watchdog to investigate Serco, G4S contracts
LONDON (Reuters) – Britain’s Serious Fraud Office said on Monday it had opened a criminal investigation into G4S and Serco’s electronic monitoring contracts.
France drags on slow euro zone recovery
LONDON (Reuters) – The euro zone economic recovery that began in Germany has spread to some smaller members but shrinking French manufacturing is hampering a more robust rebound.
Japan’s Fukushima operator mulls overhaul to counter break-up plans
TOKYO (Reuters) – The operator of Japan’s wrecked Fukushima nuclear plant is working on a reorganization plan to fend off more drastic proposals, including possibly dragging the company through bankruptcy in return for a publicly funded clean-up and sh…
HSBC posts third-quarter profit of $5.1 billion, confirms forex probe
LONDON (Reuters) – HSBC reported a 10 percent rise in third quarter profits on Monday, helped by tighter cost control and fewer losses from bad loans, and confirmed it was being investigated as part of a global probe into currency market trading manipu…
G4S says Britain’s SFO to investigate tagging contract
LONDON (Reuters) – British security firm G4S said on Monday the Serious Fraud Office (SFO) had opened an investigation into its criminal electronic tagging contract.
Google lifts post-Nokia hopes with Finnish data center investment
HAMINA, Finland (Reuters) – Google will invest another 450 million euros ($607 million) over the next few years in a data center in Finland, boosting a country struggling with Nokia’s decline and weakness in its paper and steel industries.
ECB easing talk lifts shares, pressures euro
LONDON (Reuters) – Increased prospects of a European Central Bank interest rate cut this year sent the euro to a six-week low on Monday and boosted the region’s share markets, which extended gains on robust manufacturing data.
French carmakers gain ground in recovering home market
PARIS (Reuters) – French car sales rose for a second consecutive month in October, with PSA Peugeot Citroen and Renault reclaiming some lost ground from Volkswagen , according to industry data published on Monday.
