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Toyoda slips into China on damage control mission1 March 2010, 7:46 am
By Michael Wei and Ben BlanchardBEIJING (Reuters) - Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a gruelling hearing in the U.S. Congress over his company's biggest safety crisis....
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Amlin says 2009 pretax profit soars1 March 2010, 7:32 am
LONDON (Reuters) - Lloyd's of London insurer Amlin smashed expectations with a full-year profit up fourfold following a recovery in investment markets and a benign hurricane season last year.UK-based Amlin reported a pretax profit for 2009 of 509.1 million pounds, compared with 121.6 million in 2008....
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FTSE set to open higher1 March 2010, 6:14 am
LONDON (Reuters) - The FTSE 100 index is seen opening 25 to 27 points higher, or up as much as 0.5 percent on Monday, according to financial bookmakers, starting the new month in the same positive fashion it exited the last with strength in commodity prices expected to be the main prop.The blue chip index closed 76.30 points, or 1.5 percent higher on Friday at 5,354.52, the final session of February, bolstered by gains in oils and miners as commodity prices rebounded....
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House prices up 0.4 percent on the year in Feb1 March 2010, 5:24 am
LONDON (Reuters) - House prices were 0.4 percent higher than a year ago in February, marking the first annual rise since March 2008, a survey showed Monday.House market analysts at Hometrack said prices rose a non-seasonally adjusted 0.3 percent on the month but warned that the market did not appear poised for another boom....
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AIG agrees to £23.4 billion unit sale to Prudential1 March 2010, 5:11 am
By Paritosh BansalNEW YORK (Reuters) - American International Group agreed to sell its Asian life insurance unit to Prudential for about $35.5 billion (23.4 billion pounds), in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said....
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Regulator urges bank reform1 March 2010, 5:00 am
By Victoria ThiebergerMELBOURNE (Reuters) - The global financial system is radically flawed and radical solutions are needed, so regulators must resist attempts to dilute proposed reforms, a top European watchdog said on Monday....
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Louis Vuitton's womanhood celebration closes Paris10 March 2010, 7:52 pm
After a week of shows dominated by the rail-thin teens who are ubiquitous on today's catwalks, Paris fall-winter ready-to-wear 2010-11 displays concluded Wednesday with a sensual celebration of women in all their curvaceous glory at Louis Vuitton....
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Norway doomsday seed vault hits 1/2 million mark10 March 2010, 6:01 pm
Two years after receiving its first deposits, a "doomsday" seed vault on an Arctic island has amassed half a million seed samples, making it the world's most diverse repository of crop seeds, the vault's operators announced Thursday....
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Britain confronts debt of Greek proportions10 March 2010, 4:46 pm
Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency is plummeting....
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United makes firm order for 25 Airbus A350s10 March 2010, 3:01 pm
United Airlines has made a firm order for 25 of Airbus' A350 extra-wide bodied jets, fulfilling a commitment signed in December, the European aircraft manufacturer said Wednesday....
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Deforestation conference to turn plans to action10 March 2010, 1:56 pm
French President Nicolas Sarkozy will open a daylong conference Thursday of some 40 nations to start turning plans into action to save the world's forests and help rein in the noxious gases blamed for climate change....
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Azerbaijan bloggers' appeal denied10 March 2010, 1:51 pm
A court in Azerbaijan has rejected the appeal of two bloggers who were sentenced to prison last year in a case that supporters say was politically motivated....
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FTSE seen opening lower 11 March 2010, 12:23 am
LONDON (Reuters) - The FTSE 100 index is seen opening down 16 to 19 points, or as much as 0.4 percent on Thursday, according to financial bookmakers, falling back after solid gains in the previous session in tandem with mixed showings overnight on Wall Street and in Asia....
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Geithner warns EU on hedge fund regulation plan11 March 2010, 12:22 am
LONDON (AFP) - US Treasury Secretary Timothy Geithner has warned the European Commission its plans to regulate hedge funds and private equity groups could spark a transatlantic row, a paper reported Thursday....
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BP bidding on a package of Devon's assets - sources 10 March 2010, 11:52 pm
NEW YORK/LONDON (Reuters) - BP Plc is bidding on a package of Devon Energy Inc assets that the U.S. energy company put up for sale late last year, according to sources familiar with the matter....
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S.Korea central bank freezes key rate for 13th month10 March 2010, 11:44 pm
SEOUL (AFP) - South Korea's central bank Thursday froze the key interest rate at a record low 2.0 percent for a 13th successive month amid uncertainty about the economy at home and abroad....
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Strikes Looming After BA Peace Talks Fail10 March 2010, 10:59 pm
British Airways is facing the prospect of crippling strikes by its cabin crew after talks aimed at resolving a bitter row over cost-cutting broke down....
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China's inflation continues to rise10 March 2010, 10:58 pm
BEIJING (AFP) - China said Thursday that consumer prices rose in February for the fourth straight month while new lending slowed sharply from a month earlier as Beijing pledged to step up efforts to tame inflation....
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