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Financial News from Reuters

  • Canadian convenience store operator Alimentation Couche-Tard Inc will buy smaller U.S. rival Pantry Inc for about $861 million to boost its presence in the southeastern and Gulf Coast regions of the United ...

  • A Jaguar Land Rover logo is seen on the building inside the Chery Jaguar Land Rover plant in Changshu

    Jaguar Land Rover is recalling 1,571 Jaguar XJ luxury sedans in the United States for a possible braking issue, according to documents posted by U.S. safety regulators. Jaguar Land Rover, a unit of Tata ...

  • FOREX-Interest rate cut shocks Swiss franc lower Reuters - 4 minutes 5 seconds ago

    The Swiss franc hit a 28-month trough against the dollar and also fell against the euro on Thursday after the Swiss National Bank said it would introduce negative interest rates to stop further currency ...

  • Ford shuts doors of Belgium's Genk plant Reuters - 4 minutes 51 seconds ago

    Ford Motor Company produced the last car at its plant in Genk, Belgium, on Thursday, closing the site which produced some 14 million vehicles over the past 50 years. The company decided in late 2012 to ...

  • Logo of Deutsche Bank AG is seen in Tokyo

    Deutsche Bank AG will review its strategy and profit targets next year and may sell its Postbank-branded retail unit, in a major reversal as a hoped-for turnaround in profitability slips out of reach. ...

  • People walk past the new ECB headquarters

    New European Union rules are needed to supervise crowdfunding and protect investors who face significant risks from the evolving sector, the bloc's markets watchdog said on Thursday. Crowdfunding, often ...

  • A customer uses a petrol nozzle to fill up his tank in a gas station in Nice

    Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production. ...

  • Greek government bond yields fell sharply on Thursday after German Finance Minister Wolfgang Schaeuble said Athens was on the right track in terms of reforms. "If the reforms already under way in ...

  • A photo illustration of a man silhouetted against a Nokia logo

    Nokia Networks has entered fresh talks to merge with Alcatel Lucent , Germany's Manager Magazin reported on Thursday, citing company sources. The two companies could merge or agree to close cooperation, ...

  • An experimental vaccine against shingles from GlaxoSmithKline met its goal in a late-stage study, in a boost for the company's vaccine unit, which is expanding part of its overall healthcare business. ...

  • Dunkin' Brands Group Inc cut its 2015 forecast for same-store sales growth in the United States and operating income growth, citing slowing sales of packaged coffee in its restaurants. The company said ...

  • Stock futures pointed to a higher opening for Canada's main stock index on Thursday, after the Federal Reserve painted an upbeat assessment of the U.S. economy and promised to be patient in raising rates. ...

  • Greece is in better shape then most would have expected a few years ago and Athens' reforms are starting to bear fruit, German Finance Minister Wolfgang Schaeuble told the German parliament, which voted ...

  • A trader watches a news conference on television by the Federal Reserve Chair Janet Yellen on the floor of the New York Stock Exchange

    U.S. stock index futures surged on Thursday, putting the S&P 500 on track to extend gains from the prior session, as oil prices showed hints of stabilizing and ahead of data on the labor market. The benchmark ...

  • The French competition authority slapped fines worth 951 million euros on personal hygiene and cleaning products makers on Thursday over price fixing in supermarkets between 2003 and 2006. The watchdog ...

  • Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona

    Accenture Plc reported a 7.3 percent rise in quarterly revenue, helped mainly by its outsourcing business. The company, which also has a large consulting division, said its net income rose to $882.2 million ...

  • C-class by Daimler AG is pictured before company's annual news conference in Stuttgart

    German car and truck maker Daimler said on Thursday it was setting aside an additional 600 million euros to cover potential costs related to an antitrust investigation into the industry by the European ...

  • Russian President Vladimir Putin held his annual end-of-year news conference on Thursday. Below are some of his comments. UKRAINE "We think the crisis should be solved, the sooner the better." ...

  • U.S. drugstore chain Rite Aid Corp's quarterly profit jumped 46.5 percent as higher sales of prescription drugs boosted same-store sales. The company's net income rose to $104.9 million, or 10 cents per ...

  • Winnebago Industries Inc reported a lower-than-expected profit on Thursday as labor constraints and supply chain disruptions stymied production of the company's recreational vehicles. The Forest City, ...

  • Accenture Plc reported a 7.3 percent rise in quarterly revenue, helped mainly by its outsourcing business. The company, which also has a large consulting division, said its net income rose to $882.2 million, ...

  • As Chinese President Xi Jinping arrives in Macau this weekend for his first official visit in five years, the message from Beijing is clear: the world's biggest gambling centre cannot remain a one-industry ...

  • Canadian convenience store operator Alimentation Couche-Tard Inc will buy U.S. convenience store chain The Pantry Inc for $1.7 billion, including debt. The transaction is expected to close in the first ...

  • LBMA SILVER PRICE DEC 18 SET AT $16.08/OZ

  • Russian President Vladimir Putin said on Thursday Igor Sechin, CEO at the country's top oil producer Rosneft, was an "effective" manager, adding he had no plans to fire him. "Sechin works ...

  • Chinese government approval for imports of a controversial type of Syngenta AG biotech corn increases the likelihood the seed maker will pay settlements to more than 100 U.S. farmers and exporters suing ...

  • Olam's $1.3 billion deal to buy rival Archer Daniels Midland's cocoa processing business may reduce liquidity in the niche cocoa bean trade, raising concerns about volatile prices and a potential shake-up ...

  • The U.S. Federal Reserve is lobbying to stem a rising threat to its independence as the "Audit the Fed" movement, once seen as usual background noise, looks set to gain momentum in 2015 when ...

  • The French competition authority imposed fines of 951 million euros on personal hygiene and cleaning products companies on Thursday over price fixing in supermarkets. The watchdog announced fines of a ...

  • The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com. BANK OF NEW YORK MELLON CORP BNY Mellon Wealth Management, ...

  • Russian President Vladimir Putin said on Thursday the government had briefly considered imposing an import ban on autos in response to Western sanctions, but the rouble's decline had made it meaningless. ...

  • Russian President Vladimir Putin said on Thursday he hoped Sistema would be able to restore its positions on the stock market, sending the conglomerate's shares higher. Vladimir Yevtushenkov was freed ...

  • GFT Technologies AG, a provider of advisory, consulting and software to the investment banking industry, has appointed Wolfgang Mantke a principal consultant in its risk management practice. Mantke joins ...

  • European asset management firm Amundi appointed Esther Law and Abbas Ameli-Renani to its emerging market debt expertise division in London. While Law has been named investment manager responsible for local ...

  • Russian President Vladimir Putin said on Thursday he had invited the chairman of conglomerate Sistema to a meeting he plans to hold with Russian business before the end of the year. Vladimir Yevtushenkov ...

  • Greek government bond yields fell sharply on Thursday with traders citing media reports that German Finance Minister Wolfgang Schaeuble said the country was on the right track. Greece failed to elect a ...

  • Nigeria's central bank has barred banks from holding their own funds in dollars in order to end speculative pressure on the naira currency, the governor said on Thursday. Godwin Emefiele told Reuters in ...

  • MOSCOW/LONDON, December 18 Risks to Russia's economy in 2015 have been increased by this week's extreme volatility in the rouble and the sharp rise in interest rates, Fitch Ratings says. The Central Bank ...

  • German auto supplier ZF Friedrichshafen would consider further small acquisitions, it said on Thursday, as it sets up integration teams to complete its purchase of U.S. rival TRW in the first half of 2015. ...

  • China has approved the import of a genetically modified corn strain it blocked last year, causing market turmoil, and has given clearance to biotech soybeans that had been waiting years for clearance, ...

  • Swiss engineer ABB has named former Royal Dutch Shell boss Peter Voser as its new chairman, a homecoming for a man who was previously finance chief at the company. Voser, a Swiss national, had been seen ...

  • President Vladimir Putin said on Thursday Russia was more and more determined to protect its interests but that the United States was creating threats for his country. Putin also told his annual end-of-year ...

  • President Vladimir Putin said on Thursday Russia's economy would inevitably rebound after the rouble's dramatic slide this year but offered no remedy to a deepening financial crisis. Under pressure to ...

  • Euro zone bond yields fell on Thursday after the U.S. Federal Reserve struck a more cautious tone than many had expected as the world's largest economy mulls raising interest rates. As predicted by many ...

  • President Vladimir Putin said on Thursday stability in Russia was possible only if the state had the support of its people, and that he felt this support. In his annual end-of-year news conference, Putin ...

  • Russian President Vladimir Putin said on Thursday his government was working on mechanisms that would legalise offshore capital returning to Russia. "It's necessary to legalise not only offshore properties ...

  • Private equity firm Carlyle names insider as CFO Reuters - 2 hours 4 minutes ago

    Carlyle Group LP has named Curtis Buser, the private equity firm's chief accounting officer since 2004, as its next chief financial officer, succeeding Adena Friedman, who departed in May to return to ...

  • Telecoms tycoon Xavier Niel's NJJ Capital has agreed to buy Swiss mobile operator Orange Switzerland from private equity group Apax Partners for 2.8 billion Swiss francs , Apax said in a statement. The ...

  • Russian President Vladimir Putin said on Thursday former oil tycoon Mikhail Khodorkovsky, one of his biggest critics, had the right to engage in politics "as any Russian citizen". Putin pardoned ...

  • Russian President Vladimir Putin said Russia would not stint on spending money to stage the soccer World Cup in 2018 at an end-of-year news conference on Thursday.

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