Reuters: Business News

Abu Dhabi to aid Dubai on "case by case" basis

Sun, 29 Nov 2009 00:51:49 +0000

ABU DHABI (Reuters) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbour Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.

Ryanair CEO expects to quit in 2-3 years

Sat, 28 Nov 2009 13:50:35 +0000

DUBLIN (Reuters) - Michael O'Leary expects to retire as chief executive of Irish airline Ryanair in two to three years' time, he said on Saturday.

U.S. Treasury seeks lender leeway

Sun, 29 Nov 2009 03:31:52 +0000

WASHINGTON (Reuters) - The U.S. Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures on Monday aimed at achieving that goal, a department spokeswoman said on Saturday.

Black Friday sales strong, but will it last?

Sat, 28 Nov 2009 12:58:44 +0000

NEW YORK (Reuters) - U.S. consumers turned out in strong numbers to hunt for holiday bargains on Black Friday, though many said they were spending selectively and industry executives questioned whether the momentum would last.

Audit would hurt economy - Bernanke

Sat, 28 Nov 2009 03:05:03 +0000

WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health in the future.

EU names new Commission

Fri, 27 Nov 2009 18:56:36 +0000

BRUSSELS (Reuters) - Finnish liberal Olli Rehn will oversee efforts to revive Europe's economy and France's Michel Barnier will have an important role reforming financial services in the new European Commission unveiled on Friday.

LSE glitch did not hinder gains -TR data

Fri, 27 Nov 2009 18:27:57 +0000

LONDON (Reuters) - Rival operators failed to benefit from Thursday's system failure at the London Stock Exchange, which gained market share despite halting trading for several hours due to technical glitches, Thomson Reuters data showed.

U.S. dollar gains vs euro

Fri, 27 Nov 2009 20:45:40 +0000

NEW YORK (Reuters) - The dollar rose against the euro and a basket of currencies on Friday as fears of a possible Dubai debt default boosted the greenback's safe-haven appeal.

Saab says talking to possible buyers

Fri, 27 Nov 2009 17:50:45 +0000

STOCKHOLM (Reuters) - General Motors Co said on Friday it was talking to possible buyers of Saab, four days before a GM board meeting considers whether to attempt to revive a sale process or eliminate the 60-year-old Swedish auto brand.

BAA's bond acquisition refinancing starts

Fri, 27 Nov 2009 16:56:14 +0000

LONDON (Reuters) - BAA has finally started refinancing a mammoth 9.75 billion pound acquisition bridge loan made by a consortium of banks in 2006, when the airports operator was the target of a buyout.