BUSINESS

"No need" for Greek bailout decision - German finance minister Posted 37 minutes ago

German Interior Finance Minister Wolfgang Schaeuble speaks during a presentation of charity sport st

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said there was no reason for Euro zone finance ministers to make any decision on financial aid for debt-ridden Greece when they met on Monday. "There are always rumors, especially ahead of such meetings," he told German newspaper Bild, in an interview published ...More

KKR and Warner Music eye break-up bid for EMI: report Posted 1 hour, 29 minutes ago

The headquarters of Warner Music Group is pictured in Burbank

LONDON (Reuters) - Private equity firm KKR <KKR.UL> and U.S. music company Warner Music Group <WMG.N> are in talks to launch a break-up bid for Warner's indebted British rival EMI <LNDONE.UL>, reported the Sunday Times. The paper said KKR is interested in acquiring the music publishing ...More

Greek bailout tops EU finance ministers' agenda Posted 2 hours, 2 minutes ago

BRUSSELS (Reuters) - Finance ministers from countries using the euro hope to agree on Monday on a way of providing heavily indebted Greece with financial aid, despite French doubts that a deal will be reached. European policymakers are discussing how to help Greece and protect the 16-country currency zone but so ...More

BYD posts record Q4 profit on robust sales Posted 2 hours, 44 minutes ago

Visitors look at a BYD S8 car displayed at a showroom in Shenzhen

SHANGHAI/HONG KONG (Reuters) - BYD Co, the Chinese car and battery maker backed by U.S. billionaire Warren Buffett, posted a forecast-beating fourth-quarter result on Sunday, as Beijing's policy initiatives boosted demand in the world's largest car market. Analysts said earnings growth for Hong Kong-listed BYD, 10 percent ...More

Greece must work on issues before help: Nowotny Posted 4 hours, 2 minutes ago

VIENNA (Reuters) - Greece should show it has taken steps to get its public finances in order before external help can be given, European Central Bank Governing Council member Ewald Nowotny told Austrian television on Sunday. Nowotny declined to comment directly on what will happen at a meeting of eurozone finance ...More

China's Wen pushes back against yuan rise calls Posted 13 hours, 25 minutes ago

China's Premier Wen Jiabao pauses during the second plenary meeting of China's parliament in Beijing

BEIJING (Reuters) - Chinese Premier Wen Jiabao on Sunday spurned foreign calls for the yuan to rise and showed no let up in scolding the United States over recent bilateral tensions. Wen said calls from the United States and other big economies for China to lift the value of its yuan ...More

France's Lagarde not expecting decision on Greece Posted 16 hours, 35 minutes ago

France's Finance Minister Christine Lagarde speaks to close the two-day 'Salon des Entrepreneurs' (B

NEW YORK (Reuters) - French Economy Minister Christine Lagarde said on Saturday that she does not expect Euro zone finance ministers to make any decision on financial help for Greece when they meet next week. "I'm certainly not expecting any decision being made, or any button being pressed, or any ...More

Uranium major Niger urged to review contracts Posted 21 hours, 33 minutes ago

NIAMEY (Reuters) - The new junta ruling in Niger, one of the world's biggest uranium producers, should review and possibly renegotiate dozens of resource exploitation contracts, civil rights groups said on Saturday. The West African state, which produces 7.5 percent of the world's uranium, has a longstanding partnership ...More

Greeks back austerity measures, oppose unrest: poll Posted 22 hours, 57 minutes ago

ATHENS (Reuters) - Most Greeks think draconian austerity measures announced by the government earlier this month were along the right lines and many feel labor unions should not oppose them too aggressively, a poll showed. Some 50.1 percent of 1,008 people surveyed by polling agency Marc for the Sunday ...More

Swisscom CEO says Fastweb victim of fraud: report Posted 1 day, 1 hour ago

Swisscom CEO Schloter cast a shadow during a media briefing in Zurich

ZURICH (Reuters) - The chief executive of Swisscom AG <SCMN.VX> said Fastweb <FWB.MI> was a victim of fraud, a Swiss paper reported on Saturday, the second time the CEO has come out in defense of his company's subsidiary. Fastweb and its CEO Stefano Parisi are being investigated as ...More

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