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Reuters: Business News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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Global stocks at 2-year low
HONG KONG (Reuters) - Investors dumped euros and shares on Friday as U.S. economic troubles made bets on growth elsewhere look too risky, sending stocks to their lowest in two years while triggering a surge in safe-haven government bonds.
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Oil steady near $108
SINGAPORE (Reuters) - Oil prices were little changed near $108 on Friday after falling nearly 8 percent this week as traders shed commodities positions to join a dollar rally and on signs that $100-plus prices were crippling demand.
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LSE rivals grab big share of LSE's own stock trading
LONDON (Reuters) - Rivals to the London Stock Exchange grabbed an unusually large share of trading in the LSE's own stock on Thursday, highlighting the growing threat to its trading dominance.
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FTSE seen opening lower
LONDON (Reuters) - The FTSE 100 index is seen opening 57 points or 1.1 percent lower on Friday, according to financial bookmakers, having closed down 137.6 points, or 2.5 percent at 5,362.1 in the previous session.
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Bank holds rates but cuts seen in 2009
LONDON (Reuters) - The Bank of England left interest rates on hold at 5.0 percent for a fifth month running on Thursday, but most economists expect sharp cuts next year.
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House prices post record annual fall
LONDON (Reuters) - House prices fell for the seven month running in August to stand a record 12.7 percent lower than a year earlier, a survey showed on Thursday, in a sign the property downturn has already turned into a crash.
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BP loosens TNK-BP grip to end fight with oligarchs
LONDON/MOSCOW (Reuters)- BP bowed to demands from its partners in TNK-BP and eased its grip on Russia's third-largest oil producer on Thursday to end a bitter dispute that had knocked BP's shares and rattled investor confidence in Russia.
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Unilever names Nestle's Polman as CEO
LONDON (Reuters) - Unilever named company outsider Paul Polman, a veteran of its two biggest consumer goods rivals, as chief executive on Thursday in a surprise choice to revive its sluggish performance that sent its shares surging.
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Car sales fall to record weakest August since 1966
LONDON (Reuters) - New car registrations in Britain had their worst August in more than 40 years last month, industry numbers showed on Thursday, adding to what was already a gloomy week for Europe's car producers.
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Informa rejects lower bid from consortium
LONDON (Reuters) - UK publishing company Informa said it had rejected a reduced takeover offer from a consortium as it significantly undervalued the group.
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