Reuters: Top News

Judge to lead Greece to fateful June 17 vote

Wed, 16 May 2012 18:12:53 +0100

ATHENS (Reuters) - Greece put a senior judge in charge of an emergency government on Wednesday to lead it to new elections on June 17 and bankers sought to calm public fears after the president said political chaos risked causing panic and a run on deposits.

Euro crisis leaves door open for more BoE easing

Wed, 16 May 2012 15:54:51 +0100

LONDON (Reuters) - The escalating danger from the neighbouring euro zone debt crisis prompted the Bank of England on Wednesday to keep alive the prospect of more help for an ailing economy it said was growing more slowly than expected.

Joblessness falls unexpectedly, pay rises slow

Wed, 16 May 2012 12:49:30 +0100

LONDON (Reuters) - The number of Britons out of work fell at the fastest pace in nearly a year in the three months to March, official data showed on Wednesday, pointing to some underlying resilience in the economy.

Apple readies iPhone with bigger screen - sources

Wed, 16 May 2012 15:29:14 +0100

TOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday.

Hollande govt to be dominated by moderates, Aubry out

Wed, 16 May 2012 18:38:36 +0100

PARIS (Reuters) - The government of France's new President Francois Hollande is likely to be dominated by moderate social democrats after party leader Martine Aubry, overlooked for the prime minister's role, said on Wednesday she would not be in the cabinet.

Mladic taunts survivors at start of genocide trial

Wed, 16 May 2012 18:20:25 +0100

THE HAGUE (Reuters) - Bosnian Serb general Ratko Mladic made a throat-slitting gesture to a woman who lost her son, husband and brothers in the Srebenica massacre at the start of his trial on Wednesday for some of the worst atrocities in Europe since World War Two.

Facebook boosts IPO size by 25 percent, could top $16 billion

Wed, 16 May 2012 17:49:23 +0100

NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion (10 billion pounds) as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money.

Syria's Assad - Nations who "sow chaos" will suffer

Wed, 16 May 2012 18:36:57 +0100

AMMAN (Reuters) - Syrian President Bashar al-Assad said on Wednesday that countries trying to "sow chaos" in Syria could be infected with it themselves, an apparent warning to Arab Gulf nations that back the insurgency aimed at forcing him from power.

Analysis - Rescue of U.S. refiners dooms more European rivals

Wed, 16 May 2012 15:52:53 +0100

LONDON (Reuters) - Further European oil refineries face likely closure as their prospects of surviving the collapse of parent Petroplus are crushed by reprieves from death row of more profitable U.S. rivals.

JPMorgan investment unit played by different high-risk rules

Wed, 16 May 2012 16:57:35 +0100

LONDON/FRANKFURT (Reuters) - The JPMorgan Chase & Co. unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation.