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Global stocks fall, euro hits 11-1/2-year low before ECB talks
4 Mar 2015 at 1:22pm
NEW YORK (Reuters) - Stock prices around the world fell on Wednesday on profit-taking, while the euro dropped to an 11-1/2-year low ahead of a European Central Bank meeting where policymakers are expected to offer details on their bond-purchase stimulus plan.






U.S. oil rises, Brent pares losses on Iran news
4 Mar 2015 at 12:57pm
NEW YORK (Reuters) - U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles.






U.S. oil rises, Brent pares losses as Iran
4 Mar 2015 at 12:47pm
NEW YORK (Reuters) - U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles.






Gold retreats on strong dollar after U.S. data
4 Mar 2015 at 12:24pm
NEW YORK/LONDON (Reuters) - Gold prices fell on Wednesday, heading for a third day of losses, as the dollar extended gains versus the euro after U.S. economic data.






Cypriot president bids to take part in ECB's QE programme
4 Mar 2015 at 12:16pm
NICOSIA (Reuters) - Cyprus will stick to its reform pledges, the country's president told the head of the European Central Bank on Wednesday, promising to implement insolvency laws that he hopes will allow the island to benefit from a trillion-euro-plus programme to buy sovereign bonds.






Emirates airline president sees low-cost consolidation in Asia
4 Mar 2015 at 10:58am
BERLIN (Reuters) - Emirates airline [EMIRA.UL] expects consolidation in the low-cost sector in Asia, the Dubai-based carrier's president said on Wednesday.






BoE to hold HSBC bosses' 'feet to the fire' in bank's transformation
4 Mar 2015 at 10:40am
LONDON (Reuters) - HSBC's top two bosses will be held responsible for transforming it into a simpler institution, Bank of England Deputy Governor Andrew Bailey said on Wednesday, as Europe's biggest bank tries to clean up after a Swiss tax scandal.






Revised EU banker bonus rules turns up heat on Britain
4 Mar 2015 at 10:34am
LONDON (Reuters) - Britain could face legal action if it fails to implement the European Union's new rules on capping banker bonuses as set out in new draft guidelines published on Wednesday.






Exclusive - ZF, TRW set to win EU approval for $13.5 billion deal
4 Mar 2015 at 10:25am
BRUSSELS (Reuters) - German car parts maker ZF Friedrichshafen [ZFF.UL] is set to win conditional European Union antitrust approval for its proposed $13.5 billion takeover of U.S. peer TRW Automotive Holdings Corp , two people with knowledge of the matter said on Wednesday.






Airwaves auction off to strong start, bids near $10 billion
4 Mar 2015 at 9:23am
MUMBAI (Reuters) - India's latest auction of radio wave frequencies for telecoms networks got off to strong start on Wednesday, with the government receiving bids worth about 617 billion rupees ($9.9 billion), according to bidding data. http://bit.ly/1B6SANL






RBI surprises again with post-budget rate cut
4 Mar 2015 at 7:21am
MUMBAI (Reuters) - The Reserve Bank of India unexpectedly lowered its policy rate for the second time this year on Wednesday, backing a government that is pushing to revive economic growth as inflation cools.






Reliance Infra to take control of Pipavav Defence in $130 mln deal
4 Mar 2015 at 6:29am
MUMBAI (Reuters) - Reliance Infrastructure has agreed to take over management control of Pipavav Defence and Offshore Engineering Co by acquiring a stake of about 18 percent for 8.19 billion rupees ($131.6 million).






Opposition support bolsters prospects for insurance reforms
4 Mar 2015 at 6:23am
NEW DELHI (Reuters) - Prime Minister Narendra Modi's efforts to reform the insurance sector received a boost on Wednesday after the opposition Congress party backed the measure in the Lok Sabha.






Insight - M&S breaks with tradition to get more agile on style
4 Mar 2015 at 6:08am
LONDON (Reuters) - Shoppers usually blame dowdy clothes and tired stores for the painful decline of Britain's former retail powerhouse Marks & Spencer. But the parts of the business that customers never see could hold the key to its revival.






India's fuel demand projected to rise 3.3 pct in 2015/16
4 Mar 2015 at 5:57am
NEW DELHI (Reuters) - India's annual oil products demand is forecast to grow 3.3 percent in the next fiscal year as Prime Minister Narendra Modi's focus on local manufacturing and economic expansion will raise consumption of industrial fuels.







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