Europe’s plan to address weak banks risks unraveling
BRUSSELS/FRANKFURT (Reuters) – The European Central Bank’s (ECB) plan to test the health of the euro zone’s largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc’s final chance to put its financial cris…
Britain’s EU bonus challenge offers scant hope for bankers
LONDON/BRUSSELS (Reuters) – Britain’s challenge to European Union rules capping bankers’ bonuses is likely to get bogged down in court long beyond their implementation, and critics say it is more about pleasing domestic voters unimpressed by the loss o…
BP faces pressure over Algeria gas plant attack
LONDON (Reuters) – Some foreign workers at an Algerian desert gas plant feared for their safety well before Islamist militants killed dozens at the site, and relatives and survivors want joint operator BP to investigate its own security record.
Spain’s budget to focus on nascent recovery, reforms
MADRID (Reuters) – Spain will boost economic and job forecasts in the 2014 budget to be presented on Friday, moving away from tough spending cuts and relying instead on lower borrowing costs and momentum from previous reforms to achieve fiscal targets….
China September official PMI seen hitting 17-month high
BEIJING (Reuters) – China’s factory activity is forecast to have expanded at its fastest rate in 17 months in September, a Reuters poll showed, reinforcing signs of a turnaround in the world’s second-largest economy as both domestic and external demand…
Cargill may have broken law over Colombia land buying: Oxfam
BOGOTA (Reuters) – U.S. commodities trader Cargill bought a large area of farming land in Colombia many times bigger than the legal limit by setting up dozens of “shell companies”, violating the spirit of agrarian reform laws, charity Oxfam said in a r…
Piraeus Bank to list unit Geniki Bank in next six months: FT
(Reuters) – Piraeus Bank SA , Greece’s second-largest bank, is planning to list unit Geniki Bank on the stock exchange in the next six months, the Financial Times reported on Thursday, citing people briefed on the plan.
Fed needs better way to signal policy, officials say
FRANKFURT/STOCKHOLM/HOUGHTON, Michigan (Reuters) – The Federal Reserve confused financial markets over scaling back its bond buying, four top officials said on Thursday, with one arguing the central bank should link tapering to drops in the jobless rat…
Tokyo Electric says ‘difficult’ to post profit this year
TOKYO (Reuters) – Tokyo Electric Power Co , the operator of the wrecked Fukushima nuclear plant, said on Friday it will be difficult under current conditions to post a profit this fiscal year.
Softbank CEO Son says ‘very supportive’ of Alibaba’s partnership
HONG KONG/TOKYO (Reuters) – Softbank Corp CEO Masayoshi Son said on Friday the company fully supports a partnership system in Chinese e-commerce giant Alibaba Group Holding Ltd.
