Investors cut U.S. stocks, bonds on policy uncertainty
LONDON (Reuters) – Global investors cut allocation to U.S. equities and bonds this month as uncertainty about U.S. monetary and fiscal policies grew, a Reuters poll showed on Monday.
Rosneft offers lowball $1.5 billion for TNK-BP minorities
MOSCOW (Reuters) – Oil group Rosneft is to buy the remaining shares in TNK-BP Holding for a fraction of the price it paid BP and a group of oligarchs for their stakes, in a worrying development for minority shareholders in Russian companies.
Political strife in U.S. and Italy sparks search for safety
LONDON (Reuters) – Jitters over political fights in Washington and Rome rattled investors on Monday, sending world shares and the dollar lower while lifting safe haven assets such as the Swiss franc and Japanese yen.
Euro zone inflation falls to 3.5-year low in September
BRUSSELS (Reuters) – Euro zone inflation fell faster than expected in September to its lowest since February 2010, signaling that the European Central Bank can maintain its loose monetary policy to help the bloc’s recovery.
French defence minister says export potential of A400M huge
SEVILLE (Reuters) – France’s defence minister said the export potential for EADS’s A400M military transporter was “huge”, as the 20 billion euro ($27 billion) project started delivering aircraft to its founding nations after years of delays.
OZ Minerals says received no bid from Glencore
MELBOURNE (Reuters) – OZ Minerals Ltd said on Monday it had not been approached by Glencore Xstrata with any offer, dismissing a British newspaper report that said Glencore was weighing a 750 million pound ($1.2 billion) bid for the Australian copper m…
Intesa says CEO’s departure to improve bank’s potential
MILAN (Reuters) – Enrico Cucchiani’s decision to step down as Intesa Sanpaolo’s Chief Executive will help Italy’s biggest retail lender to reach its full potential, the bank said in a statement on Monday.
AstraZeneca CEO gets two cheers after first year in job
LONDON (Reuters) – Fixing ailing drugmaker AstraZeneca remains a work in progress for Chief Executive Pascal Soriot, with sales and profits still heading firmly downhill after his first year in the job.
Shanghai trade zone publishes restrictions for foreign investment
SHANGHAI (Reuters) – The Shanghai government published a list of sectors on Monday where foreign investment will be banned or restricted within its new free trade zone (FTZ), but in a departure from usual practise, no permission will be required to inv…
Tokyo Electric set to receive $5.9 billion financing: source
TOKYO (Reuters) – Creditors are set to provide $5.9 billion in financing to Tokyo Electric Power Co (Tepco), a person involved in the talks told Reuters on Monday, offering a lifeline to the embattled owner of the crippled Fukushima nuclear plant.
