Reuters: Stocks & Shares News

Investors get much of oil firms' cash windfall

Fri, 09 May 2008 08:35:39 +0100

LONDON (Reuters) - The five largest fully publicly traded oil firms are spending more on finding and producing oil, but the industry is still handing back much of its windfall from record oil prices to investors.

Russia foreign investors unfazed by rows with West

Fri, 09 May 2008 14:21:04 +0100

LONDON (Reuters) - With oil at more than $125 per barrel and growth booming, foreign investors in Russia are finding it easy to turn a blind eye to disputes with the West and increasingly bellicose rhetoric over Georgia.

Carphone to focus on broadband after Best Buy deal

Fri, 09 May 2008 18:53:09 +0100

LONDON (Reuters) - The move by Carphone Warehouse to fold its retail unit into a new company with U.S. firm Best Buy will allow it to focus on broadband and become the largest provider in Britain if it buys the UK arm of Tiscali.

Citigroup aims to shed billions of assets

Fri, 09 May 2008 18:46:37 +0100

NEW YORK (Reuters) - Citigroup Inc , the largest U.S. bank, said on Friday it plans to shed $400 billion (205 billion pounds) of assets within three years and boost revenue by up to 10 percent annually in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.

Women investors less scam-prone

Fri, 09 May 2008 12:30:10 +0100

TORONTO (Reuters) - Fewer women than men get duped by fraudulent investment schemes because they are generally more risk-averse than men, according to a Canadian securities watchdog.

Inflate in haste, repent at leisure

Fri, 09 May 2008 11:48:43 +0100

LONDON (Reuters) - Inflating our way out of trouble is tempting but it's another buy now, pay later strategy, both for the economy and investors.

Turkey privatises but poor markets could hurt price

Thu, 08 May 2008 13:15:10 +0100

ISTANBUL (Reuters) - Turkey is stepping up a long-delayed privatisation programme, pleasing investors spooked by political and economic woes, but the credit crunch may undermine how much Ankara can raise by selling state assets.

FUND VIEW-HSBC Absolute Return dumps commodities

Thu, 08 May 2008 11:22:34 +0100

LONDON (Reuters) - One of HSBC's most actively managed fund divisions has been reducing its exposure to commodities, expecting a major correction in the high-flying sector.

Bonds gain from refunding cash, 30-year auction

Fri, 09 May 2008 09:56:13 +0100

NEW YORK (Reuters) - U.S. Treasury debt rallied on Thursday as traders allocated cash from a record amount of maturing federal government bonds into Treasuries and a solid 30-year bond auction bolstered market sentiment.

Newspaper round-up

Fri, 09 May 2008 08:08:05 +0100

LONDON (Reuters) - Inflation threats to the world economy and ITV's record fine from Ofcom dominate the business headlines on Friday.