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Finance Stories

Japan firms want government action if yen weakens: Reuters poll

By Tetsushi Kajimoto TOKYO (Reuters) – Nearly half of Japanese firms think the government should start defending the yen at this month’s dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs … Continue reading

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StanChart readies to close thousands of UAE accounts as U.S. deadline looms

By Thomas Arnold and Archana Narayanan (Reuters) – Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money … Continue reading

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Pilots extend Lufthansa strikes to long-haul flights

FRANKFURT (Reuters) – German pilots union VC on Monday widened its strike at Lufthansa (LHAG.DE) to include long-haul flights on Tuesday, having previously targeted only the carrier’s short and medium-haul routes on Monday and Tuesday. The walkout affecting long-haul flights, … Continue reading

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SAP cloud sales quicken, deferred sales hit outlook

FRANKFURT (Reuters) – German business software maker SAP (SAPG.DE) on Monday cut its outlook for full-year operating profit amid an accelerating shift by customers to buy its software over the Internet rather than as packaged software, delaying recognition of those … Continue reading

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The $40 billion jet buying spree

By Tommy Wilkes and Tim Hepher NEW DELHI/PARIS (Reuters) – Almost four years ago a handful of people gathered in Airbus sales chief John Leahy’s spacious country house outside Toulouse and argued long into the evening over curry and cigars. … Continue reading

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Getting used to the ‘new mediocre’

By Mike Peacock LONDON (Reuters) – Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy. Until a dramatic selloff, exuberant markets had raced well ahead of … Continue reading

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Obama signs order to tighten security for federal credit cards

By Sarah N. Lynch and Steve Holland WASHINGTON (Reuters) – U.S. President Barack Obama signed an executive order on Friday to beef up security measures for federal credit cards, and urged banks and retailers to follow suit in an effort … Continue reading

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GE profit tops views as cost cuts drive margins; shares up

By Lewis Krauskopf (Reuters) – General Electric Co (GE.N) reported a slightly higher-than-expected quarterly profit on Friday, with cost cuts that helped boost margins across its industrial businesses offsetting revenue that missed analysts’ targets. Shares of GE rose 3.1 percent … Continue reading

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Morgan Stanley, armed with cash from fixed income dump, goes shopping

By Lauren Tara LaCapra NEW YORK (Reuters) – Morgan Stanley (MS.N), which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit. … Continue reading

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After manic week, can Apple revive the bull?

Markets ended Friday with strong gains following a week of turmoil. Investors saw a years worth of profit disappear in a few short days, only to see it stabilize on Thursday and regain slightly at the weeks end. Yahoo Finance … Continue reading

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