Marc Ostwald, strategiest at Monument Securities, discusses foreign buyers in the London housing market and says many are leveraged.» Read More
LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.
Malaysia Airlines to cut 6,000 staff in overhaul. KUALA LUMPUR, Malaysia— Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.
NEW YORK, Aug 29- Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may trigger more sanctions and as U.S. economic data portended strong demand in the world's largest oil consumer.
NEW YORK, Aug 29- Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may bring more sanctions and as U.S. data portended strong demand in the world's largest oil consumer.
*Palladium rises above $900 on supply worries. NEW YORK/ LONDON, Aug 29- Palladium rose to a fresh 13-1/ 2- year high on Friday on worries over uncertain supplies from Russia, the world's largest producer of the metal, while gold prices eased on a dollar rise and gains in U.S. equities.
Britain and six other states are to create a new joint expeditionary force of at least 10,000 personnel to bolster Nato's power in response to Russia.
NEW YORK, Aug 29- Crude oil prices were headed toward their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may bring more sanctions and as U.S. data portended strong demand in the world's largest oil consumer.
PARIS/ LONDON/ MILAN, Aug 29- Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry.
*Wall Street mixed, even after mostly strong economic reports. NEW YORK, Aug 29- Global equity markets wavered and German bond yields edged up from record lows on Friday after euro zone inflation was seen as still not dire enough to drive the European Central Bank to ease monetary policy next week, as many investors have anticipated.
LONDON, Aug 29- Gold prices steadied on Friday, paring earlier losses as stock markets slipped lower on both sides of the Atlantic, and remained on track to end the month with a small gain. Investors remain on edge over tensions between Russia and Ukraine after Ukraine said on Thursday that Russia had moved troops into the country.
Italy's Fiat and Chrysler are merging to form Fiat Chrysler Automobiles. The combined company would move its tax headquarters to London and list its shares on the New York Stock Exchange. Fiat SpA will announce the final tally by Sept. 4.
*Tensions mount over alleged Russian troops in Ukraine. LONDON, Aug 29- Brent crude oil rose towards $103 a barrel on Friday as escalating violence in Ukraine kept Europe's markets on edge, but prices remained on track for a monthly loss as ample supply and weak demand outweighed political concerns.
RIO DE JANEIRO— Brazil's economy, once an emerging-market darling, fell into recession, according to government data released Friday, as millions of new middle class citizens tightened their belts and further dampened a credit-driven spending spree.
*Africa could earn more if it adds value to exports. KIRINYAGA, Kenya, Aug 29- Nancy Njeri lugs a sack of fresh coffee berries to a hilltop factory from her small farm, which produces one of Kenya's main cash crops yet earns barely enough for her family of seven children.
SYDNEY/ LONDON, Aug 29- Copper edged higher on Friday as the euro strengthened, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.
*Aims to prevent a repeat of Argentina debt battle. LONDON, Aug 29- Banks, investors and other users of bond markets have agreed to change how they would deal with defaulting government debt, removing the right of veto from holdouts to avoid a repetition of the fracas over Argentina.
*Shares recover after Ukraine jitters sparked selling. Investors remain on edge over tensions between Russia and Ukraine after Ukraine said on Thursday that Russia had moved troops into the country. "Looking at Treasuries, worries about Ukraine are delivering some kind of support.
LONDON— Tesco shares have dropped sharply after Britain's largest retailer by revenue issued another profit warning and slashed its dividend to shareholders by 75 percent. Tesco says Dave Lewis, most recently an executive at Unilever, would start his job as CEO on Monday, a month earlier than planned.
*AstraZeneca shares up 2 percent. LONDON, Aug 29- Hopes for AstraZeneca's promising cancer drug pipeline were boosted on Friday by news the company had moved its immuno-oncology medicine MEDI-4736 into a mid-stage study in colorectal cancer.
LISBON, Aug 29- On June 9, with his 150- year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. The "cartas-conforto"- letters of comfort- were written on the letterhead of Banco Espirito Santo, a large lender controlled by the family.