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- China tells IPO bankers to "like" Facebook: IFR
- Analysis: Even in emerging markets, Nokia's star is fading
- Ferrero sets aside $3 million for Nutella US class action
- Exclusive: AAOIFI in wide review of Islamic finance standards
- Cameron denies "grand deal" to help Murdoch
- GM, Isuzu to talk on capital tie-up: Nikkei
- Foxconn workers sing its praises, but profit disappoints
- ZKB boss says any U.S. indictment would not fell it
- Japan, Kazakhstan to develop rare earth metals: media
- South Korea resurrects $5.3 billion Woori stake sale
- European firms keen but cautious over Myanmar: Ashton
- China makes new proposal on Russia gas deal
- European firms keen but cautious over Myanmar: Ashton
- UniCredit's German unit sees strong first quarter: paper
- With shuttle's end, space firms seek new direction
- 'Avengers' hurtles to $178.4M overseas debut
- UK's Cameron: No pact with Murdoch over takeover
- Thousands protest health, education cuts in Spain
- Spain restores border checks ahead of ECB meeting
- Vets navigate tough new terrain _ the job market
| China tells IPO bankers to "like" Facebook: IFR Posted:
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| Analysis: Even in emerging markets, Nokia's star is fading Posted:
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| Ferrero sets aside $3 million for Nutella US class action Posted: MILAN (Reuters) - Italian confectionery group Ferrero has agreed to set aside $3 million to settle a class-action lawsuit championed by a Californian mother after she discovered the group's Nutella chocolate spread packed more fat than jam or syrup. Notices of class action settlements said that Ferrero USA Inc., the group's U.S. division, would pay up to $4 for every jar of Nutella bought in California since August 2009, or bought anywhere else in the United States since January 2008. The notices posted on nutellaclassactionsettlement.com said the settlement was for $3,050,000 in total. ... |
| Exclusive: AAOIFI in wide review of Islamic finance standards Posted: DUBAI (Reuters) - Islamic finance may face its biggest shake-up in years as a top standard-setting body seeks to reform the way the industry does business, including the role of highly paid scholars in enforcing religious principles. Khaled Al Fakih, the new secretary-general of the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), outlined plans for a sweeping review of its guidelines in an interview with Reuters. Some of AAOIFI's reforms may prove controversial by challenging entrenched interests in the fast-growing business. ... |
| Cameron denies "grand deal" to help Murdoch Posted: LONDON (Reuters) - British Prime Minister David Cameron has denied favoring Rupert Murdoch's business interests in exchange for political support from his newspaper empire, and defended a minister's handling of an ill-fated takeover bid involving the media magnate. Cameron is on the back foot ahead of local elections across much of Britain on Thursday. After a month of bad headlines about Murdoch, the budget and the return of the economy to recession, an opinion poll registered support for his Conservative Party at its lowest since 2004. ... |
| GM, Isuzu to talk on capital tie-up: Nikkei Posted:
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| Foxconn workers sing its praises, but profit disappoints Posted:
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| ZKB boss says any U.S. indictment would not fell it Posted: ZURICH (Reuters) - An indictment of Zuercher Kantonalbank by U.S. officials in an ongoing tax probe would not mean the state-backed bank's demise, Chief Executive Martin Scholl said in an interview with Sunday's edition of Sonntagszeitung. Scholl told the newspaper that the bank was in sound financial health and its position underpinned by its majority shareholder, the canton of Zurich. He did not elaborate on the status of ongoing talks with U.S. justice and tax officials, who are investigating ZKB and nearly a dozen other banks including Credit Suisse on suspicion of helping U.S. ... |
| Japan, Kazakhstan to develop rare earth metals: media Posted: TOKYO (Reuters) - Japan and Kazakhstan plan to sign an agreement to jointly develop rare earth metals critical to electronics and auto makers, aiming to lower dependence on China, the Asahi Shimbun daily said on Sunday. Japan's Trade Minister Yukio Edano will meet Kazakh government officials, including President Nursultan Nazarbayev, to sign the agreement in early May, making way for Sumitomo Corp , Japan Oil, Gas and Metals National Corp and Kazatoprom to partner in rare earth extraction, the paper said. ... |
| South Korea resurrects $5.3 billion Woori stake sale Posted: SEOUL (Reuters) - South Korea's top regulator said Sunday it would receive preliminary bids for a 6 trillion won ($5.28 billion) controlling stake in Woori Finance Holdings by July 27, after two previous attempts to privatize the group floundered over a lack of bidding interest. Authorities are under pressure to dispose of the stake before the current president, Lee Myung-bak, ends his term in office early next year. They face an uphill struggle with few domestic firms boasting the capacity for the deal and U.S. ... |
| European firms keen but cautious over Myanmar: Ashton Posted:
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| China makes new proposal on Russia gas deal Posted: MOSCOW (Reuters) - Chinese energy officials signaled on Saturday they were keen to pursue a major gas deal with Russia despite a proliferation of alternative supplies, and said they had made a new proposal to overcome a price deadlock. Talks between China, the world's fastest growing energy consumer, and Russia, the world's largest conventional gas producer, fell apart late last year when China, frustrated by years of stalemate over price, increased its supplies from rival producer Turkmenistan. ... |
| European firms keen but cautious over Myanmar: Ashton Posted: YANGON (Reuters) - European firms seeking to invest in Myanmar are unlikely to rush into business deals until more concrete reforms are put in place, despite a suspension of economic sanctions by the EU, its foreign policy chief Catherine Ashton said on Saturday. The European Union and other powers have moved in recent weeks to ease sanctions on Myanmar, as the once pariah nation embarks on landmark reforms and seeks engagement with the world. ... |
| UniCredit's German unit sees strong first quarter: paper Posted: FRANKFURT (Reuters) - The German unit of UniCredit SpA has seen a strong first quarter, its Chief Financial officer told a German paper. "The first quarter went well," HypoVereinsbank CFO Peter Hofbauer told daily Boersenzeitung's Saturday edition. "But it is usually like that at the start of the year. It would be wrong to extrapolate that for the whole year," he told the paper. Unicredit is set to report first quarter earnings on May 10. ... |
| With shuttle's end, space firms seek new direction Posted: Less than a year after NASA ended its shuttle program, players in America's space business are casting around for new direction. |
| 'Avengers' hurtles to $178.4M overseas debut Posted:
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| UK's Cameron: No pact with Murdoch over takeover Posted:
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| Thousands protest health, education cuts in Spain Posted:
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| Spain restores border checks ahead of ECB meeting Posted:
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| Vets navigate tough new terrain _ the job market Posted: Matthew Saldana proved himself in a world where stress, danger and life-and-death decisions were routine. He served one tour in Iraq and a second in Afghanistan. But the Army veteran is having a harder time back home navigating a calmer but uncertain terrain — the job market. |
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