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Financial News from Reuters

  • A man walks under an electronic information board at the London Stock Exchange in the City of London

    European shares fell and borrowing costs for the euro zone's most indebted states rose on Monday as the leftist Syriza party looked set to take on Greece's international lenders after a crushing victory in early elections. Syriza leader Alexis Tsipras promised Greeks on Sunday that the five years of austerity imposed under …

  • Russian officials will have to revise the spending priorities of one of Russia's two "rainy day" funds, daily newspaper Vedomosti reported on Monday, as officials scramble to find ways to fight a deepening financial crisis. Citing sources in Russia's financial and economic sectors, Vedomosti said officials needed …

  • European shares fell and borrowing costs for the euro zone's most indebted states rose on Monday as the leftist Syriza party looked set to take on Greece's international lenders after a crushing victory in early elections. Syriza leader Alexis Tsipras promised Greeks on Sunday that the five years of austerity imposed …

  • Top Greek shares slumped more than 5 percent at the open on Monday after Greece's Syriza party promised to roll back austerity measures in the wake of its victory in a snap election. Athens' ATG stock ...

  • FOREX-Euro steadies despite Greek worries Reuters - 1 hour 8 minutes ago

    The euro regained a foothold in early deals in London on Monday, investors choosing to take some profit on two days of dramatic losses after the results of elections in Greece sent the single currency to an 11-year low. Dealers and analysts in London said the most likely next move was still down but that the European …

  • People pose with mobile devices in front of projection of Facebook logo in this picture illustration taken in Zenica

    A Turkish court has ordered Facebook to block a number of pages deemed insulting to the Prophet Mohammad, threatening to stop access to the whole social networking site if it does not comply, local media ...

  • Shares in Italy's World Duty Free rose more than 2 percent on Monday after a press report saying that U.S. private equity fund KKR could be interested in buying a stake in the travel retailer. KKR and another private equity fund, CVC, have set their sight on the company, which is 50-percent owned by the Benetton family, …

  • European stocks fell at the open on Monday, trimming some of last week's sharp gains on heightened concerns the Greek election results could lead to renewed instability in Europe. Greek leftist leader Alexis Tsipras promised that five years of austerity, "humiliation and suffering" imposed by international creditors …

  • The Greek election result is not a defeat of austerity but a defeat of failed economic plans and should act as a reminder to Britain that it needs to stick to what it is doing, finance minister George Osborne said on Monday. Greek leftist leader Alexis Tsipras and his Syriza party swept to victory in a snap election …

  • Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza. Every January, Dubai is decked out in lights, banners and roadside ornaments heralding the event. Dubai, one of seven …

  • A man fills up his car at a petrol station in Rome

    Oil slid more than 1 percent on Monday, with U.S. crude falling close to a six-year low, after Greek election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. Greece's left-wing Syriza appeared on course to trounce the ruling conservatives in Sunday's snap election, …

  • Indian conglomerate Mahindra Group plans to expand its renewable energy business and invest 45 billion rupees ($732.5 million) over the next three to four years, its chairman said, amid a government-led push to increase the use of clean energy. The investment will mainly be financed by taking on 33 billion rupees …

  • Finland is ready to discuss extensions for Greece's bailout programme if its new government can commit to existing agreements and promised structural reforms, Prime Minister Alexander Stubb said on Monday. "We will not forgive loans but we are ready to discuss extending the bailout programme or maturities ... But this …

  • U.S. mining firm Freeport-McMoRan Inc is expected to produce 2 million tonnes of copper concentrate from its Indonesian operations in 2015, up from 1.4 million tonnes in 2014, a mining ministry official said on Monday. "Last year they only gained permission to export in July and production was also temporarily halted …

  • Italian debt futures fell and Greek bond yields were expected to rise on Monday after Greece's leftwing Syriza party swept to victory in a snap election and promised to roll back austerity measures. Syriza won 149 seats in the 300-seat parliament, two short of an absolute majority, but the result marked a comprehensive …

  • EU Commissioner Guenther Oettinger said on Monday that a debt restructuring for Greece would send the wrong message to other countries in the euro zone after Greek anti-bailout party Syriza won the election on Sunday. "If we cut debt (for Greece), that would give the wrong signal to Portugal or Ireland, Cyprus or …

  • Denmark's Saxo Bank faces potential losses of up to $107 million as a result of the Swiss National Bank's (SNB) decision to end its currency cap against the euro, the bank said in a statement late on Friday. A number of Saxo Bank's customers ended up with insufficient margin collateral to cover their losses on positions …

  • Recruiter SThree Plc said full-year like-for-like gross profit rose 13.2 percent as more jobs opened up across its markets. The staffing company said gross profit rose to 218.2 million pounds ($327.6 million) in the year ended Nov. 30 from 192.8 million. Analysts had expected SThree, which places people with financial, …

  • Eltel says to raise SEK 2.8-3.1 bln in IPO Reuters - 2 hours 26 minutes ago

    Sweden's Eltel, a supplier of technical services for infrastructure networks, said on Monday the final price in its initial public offering in Stockholm is expected to be between 55-70 crowns per share. ...

  • The Raine Group, a boutique merchant bank focused on the technology, media and telecoms sector, plans to hire Viacom's former CEO Tom Freston as a senior adviser, the New York Times reported. Freston, ...

  • Malaysia Airlines planes sit on the tarmac at Kuala Lumpur International Airport

    A group calling itself "Official Cyber Caliphate" said it hacked on Monday the official website of national carrier Malaysia Airlines (MAS), but the airline said its data servers remained intact and passenger bookings were not affected. The website, www.malaysiaairlines.com, showed a photograph of a lizard in a top hat, …

  • Italian debt futures fell and Greek bonds were expected to follow suit on Monday after Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election. Greek ...

  • European stock index futures fell early on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election. At 0702 GMT, futures for Euro STOXX 50, ...

  • The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * After his term as mayor ended, Michael Bloomberg ...

  • U.S. President Barack Obama watched a dazzling parade of India's military might and cultural diversity on Monday, the second day of a visit trumpeted as a chance to establish a robust strategic partnership between the world's two largest democracies. It rained on the parade through the heart of New Delhi, but excitement …

  • Jafco Ventures, a Palo Alto-based venture capital firm, said it hired a new partner, former Sencha chief executive Michael Mullany. It also said it was changing its name to Icon Ventures. Mullany was most ...

  • The election was the second blow since last week for the euro, still smarting after the European Central Bank unveiled a huge bond-buying stimulus programme. European shares are expected to take a beating, with spreadbetters seeing a fall of 1.0-1.1 percent in Germany's DAX and other core countries. As concerns grew …

  • Greek leftwing leader Alexis Tsipras will move on Monday to build a stable government that can take on international lenders and reverse years of painful austerity following a crushing election victory by his Syriza party. Fresh from his defeat of conservative Prime Minister Antonis Samaras, the 40-year-old Tsipras …

  • Deutsche Bank will remember Thursday, Jan. 8 as the start of "Duesselgate", a nickname born not of wrongdoing, but from the shockwaves sent by a speech given in Germany's former industrial heart. Co-Chief Executive Juergen Fitschen stood before some 450 staff and clients in Duesseldorf and wondered aloud whether the …

  • The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe …

  • Damir Hajduk likens paying off his mortgage to the tale of Sisyphus in Greek mythology, condemned forever to push a boulder uphill, only for it to roll back down again and again. Hajduk is one of 60,000 borrowers in Croatia, and many hundreds of thousands across ex-Communist Central and Eastern Europe, who took out …

  • LONDON/BUDAPEST, Jan 23 (Reuters) - Hungarian Prime Minister Viktor Orban has long irritated European Union partners with economic policies that have burned foreign banks operating in Hungary. They may find his triumph in this month's Swiss franc episode a bitter one. Unorthodox measures - dubbed Orbanomics - have …

  • A new wave of experimental cancer drugs that directly recruit the immune system's powerful T cells are proving to be immensely effective weapons against tumors, potentially transforming the $100 billion global market for drugs that fight the disease. In some trials, the two new approaches, known as CAR T cells and …

  • Regeneron Pharmaceuticals on Monday said U.S. health regulators accepted its application to review a potent cholesterol drug on a priority basis, potentially giving it the upper hand in a fierce race with Amgen to bring a new medicine from the promising class to market. Regeneron, which is developing the drug, alirocumab, …

  • TOKYO/WELLINGTON, Jan 26 (Reuters) - The euro hit an 11-year low versus the U.S. dollar on Monday as Greece's anti-austerity Syriza party swept to victory in a snap election, putting Athens on a collision course with international lenders. While Syriza leader Alexis Tsipras fell just short of an overall majority, he …

  • The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Coinbase Inc, a startup backed by $106 million from the New ...

  • European stocks were set to fall at the open on Monday, trimming some of last week's sharp gains, as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election. Financial spreadbetters expected Britain's FTSE 100 to open around 67 points lower, or down 1 percent, Germany's …

  • Cablevision System Corp said on Monday it would launch in February a wireless Internet phone service to give users an alternative to pricier data plans from cellular companies such as AT&T and Verizon. The "Freewheel" phone service, which runs on any WiFi connection, is an attempt by Cablevision to retain and potentially …

  • Dalian Wanda Group, China's biggest commercial real estate conglomerate, said on Monday it is investing $1 billion in a prime property development close to Sydney Harbour, its second large investment in Australia. The amount includes A$415 million ($327 million) paid to U.S. private equity firm Blackstone Group for …

  • Greek leftist leader Alexis Tsipras promised on Sunday that five years of austerity, "humiliation and suffering" imposed by international creditors were over after his Syriza party swept to victory in a snap election on Sunday. With over 99 percent of the vote counted, Syriza had 149 seats in the 300-seat parliament, …

  • The official website of national carrier Malaysia Airlines was hacked on Monday by a group calling itself the "Official Cyber Caliphate". The website, www.malaysiaairlines.com, currently shows a photograph of a lizard in a top hat and tuxedo, surrounded by the messages '404 - Plane Not Found' and 'Hacked by Lizard …

  • Two European pension funds have written a letter to Oracle Corp complaining about leading shareholder Larry Ellison's large influence over the U.S. business software company and urging it to allow outsider shareholders a greater say in the company's unpopular pay policies. It is the latest salvo in a four-year campaign …

  • Japanese government bonds were mixed on Monday in thin trading as short-dated bond prices gained on firmness in Treasuries and European bonds, while longer-dated bonds slipped as recent volatility in the sector sapped demand. Five- to 10-year bonds traded firmer, also in anticipation that the Bank of Japan would conduct …

  • Japan's SoftBank Corp said on Monday it plans to sell a 450 billion yen unsecured subordinated bond, mainly to retail investors, with proceeds earmarked for investment and to repay loans. SoftBank, which ...

  • U.S. private equity firm Blackstone Group said it has agreed to sell a prime Sydney office building to China's Dalian Wanda Group for about A$415 million ($327 million). Blackstone acquired Gold Fields House, located in Sydney's central business district and overlooking Sydney Harbour, as part of its purchase of Australian …

  • A swath of the U.S. East Coast from Philadelphia to New York City to Maine braced for a potentially historic blizzard on Monday expected to dump as much as 3 feet (90 cm) of snow and snarl transportation for tens of millions of people. The National Weather Service (NWS) on Sunday issued a blizzard warning for the …

  • A container ship is loaded at a port in Tokyo

    Japan's exports grew the most in a year in December, helped by a weak yen and a pick-up in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist about the strength of global consumption. The 12.9 percent year-on-year rise in exports marked a fourth straight month …

  • * Dec exports +12.9 pct yr/yr vs f'cast +11.0 pct * Dec trade gap eases on cheaper oil but a record for full year * Exports seen rising as yen weakens, U.S. recovers * Export volume up 3.9 pct y/y, first rise in 2 months (Adds full-year trade deficit, new order rise from private survey) By Tetsushi Kajimoto TOKYO, …

  • A woman speaks on her mobile phone after recharging it at a local stationary cum prepaid mobile recharge shop in Kolkata

    NEW DELHI/MUMBAI (Reuters) - India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches. The regulations announced by the central bank, the Reserve Bank of India …

  • * Greek election victory for Syriza party * Raises prospect of collision with creditors * Risks for Japan seen as limited * Stronger yen hurts exporters' shares By Thomas Wilson TOKYO, Jan 26(Reuters) - Japanese stocks fell on Monday as a resounding election win for Greece's anti-austerity Syriza party raised the …

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