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Cost of Rio's 2016 Olympics rises by almost $100 million
RIO DE JANEIRO (Reuters) - The price tag for the 2016 Olympics in Rio de Janeiro has risen by 400 million reais ($99.3 million) since August mainly due to rising costs of supplying temporary power and...
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U.S. economy hits soft patch in fourth quarter as inventories, trade weigh
WASHINGTON (Reuters) - U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on...
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HSBC money laundering report must be made public - U.S. judge
(Reuters) - A federal judge has ordered the release of a report detailing how well HSBC Holdings Plc has complied with anti-money laundering requirements imposed by U.S. regulators when the British...
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Oil trims gains as Iran shuns talk of output cuts
NEW YORK (Reuters) - Oil prices trimmed early gains on Friday on a report that Iran would not participate in a possible deal between OPEC and other producing countries to trim output.
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Saint Gobain still confident will complete Sika deal
ZURICH (Reuters) - France's Saint Gobain is still confident it will be able to take over Swiss rival Sika despite fierce opposition from management and many shareholders, its outgoing financial head...
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Amazon shorts make money with deft timing on Thursday's wild ride
NEW YORK (Reuters) - Amazon.com Inc shares' unusual roller-coaster move before and after the world's No. 1 online retailer reported quarterly results on Thursday helped some traders make money shorting...
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VW halts production at two German plants - spokesman
BERLIN (Reuters) - Volkswagen is suspending production at its main gearbox plant as the carmaker grapples with reduced demand and the effects of technical problems at another German site.
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Stocks jump worldwide as Bank of Japan rate goes negative
NEW YORK (Reuters) - Stocks jumped worldwide and the yen slumped on Friday after the Bank of Japan stunned markets by adopting negative interest rates, while hopes the Federal Reserve will slow the...
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Boeing 737 MAX jet successfully completes first flight
(Reuters) - Boeing Co's 737 MAX aircraft completed its first flight on Friday, taking off from rain-slick tarmac and conducting tests for about three hours before landing safely at Boeing Field in...
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Exclusive: Puerto Rico creditors asked to take 45 percent cut on debt - sources
NEW YORK/SAN JUAN (Reuters) - Puerto Rico on Friday presented a plan to creditors that asks them to take a deep discount on their debt - an aggregate of around 45 percent, two sources familiar with the...
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Swiss say £2.8 billion misappropriated from Malaysian state firms
WASHINGTON/KUALA LUMPUR (Reuters) - Switzerland's chief prosecutor said on Friday a criminal investigation into state fund 1Malaysia Development Berhad (1MDB) had revealed that about $4 billion (£2.8...
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HSBC UK Internet banking back up after cyber attack
LONDON (Reuters) - HSBC said its British personal banking websites were back up and running on Saturday after a cyber attack forced them to close for most of the previous day.
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International uncertainties, volatile markets pose risk to Italian growth -...
TURIN, Italy (Reuters) - The uncertain international economic climate and volatile markets pose a risk to Italy's growth prospects, said Ignazio Visco, the governor of the Bank of Italy and member of...
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Iran cancels London oil contract conference over visas - Seda
Ankara (Reuters) - Iran has cancelled a London conference where it was set to introduce new oil and gas contracts to investors, the Seda weekly reported on Saturday citing a senior Iranian official who...
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Nokia-Samsung patent verdict expected within days
HELSINKI (Reuters) - Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish...
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Exclusive - India's Sahara uses small savers to keep hill resort afloat
MUMBAI (Reuters) - India's embattled Sahara conglomerate has been funnelling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters...
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Three scientists on shortlist to appear on new Scottish banknote
LONDON (Reuters) - Royal Bank of Scotland has named three Scottish scientists -- two men and one woman -- on the shortlist of candidates to appear on its first plastic 10 pound ($14) note.
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Jazeera Airways eyes long-haul venture with foreign partner
DUBAI (Reuters) - Kuwaiti low-cost carrier Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a stake in national carrier Kuwait Airways, whose...
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Mid-tier Chinese banks piling up trillions of dollars in shadow loans
BEIJING (Reuters) - Mid-tier Chinese banks are increasingly using complex instruments to make new loans and restructure existing loans that are then shown as low-risk investments on their balance...
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ECB's Nouy says differing rule interpretations cause imbalances
United Kingdom NewsNICOSIA (Reuters) - Banking regulation needs to speak one language, the head of the European Central Bank's supervisory watchdog was quoted as saying on Sunday, adding that differing...
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