French economist Thomas Piketty says wealth inequality will continue to rise over time.» Read More
Quarterly results from Morgan Stanley, Goldman Sachs and General Electric improved risk sentiment, though results from tech heavyweights Google and IBM Corp were disappointing. "When we look at the U.S. results coming out today, there was a predominantly positive beat overall," Gerhard Schwarz, head of equity strategy at Baader Bank, said.
NICOSIA, Cyprus— Bailed-out Cyprus says it will issue six-year government bonds every month starting in June as a first step to returning more permanently to international markets after a three-year absence.
Russian President Vladimir Putin warned of possible disruption to Europe's gas supply on Thursday, as the U.S. confirmed it would send additional military support to Ukraine.
ROME— Former Italian Premier Silvio Berlusconi says he's glad a Milan court ordered him to help the elderly as part of his punishment for a tax fraud conviction. The 77- year-old media mogul spoke to reporters Thursday about a court order earlier in the week that he must spend four hours assisting at a center for the elderly in northern Italy.
The head of a leading Russian hypermarket chain has shrugged off the ongoing crisis in Ukraine, and signaled willingness to open a store in Crimea.
LOS ANGELES, April 17- Brent crude oil climbed above $110 a barrel on Thursday as rising tensions in Ukraine raised fears of potential supply disruptions from Russia. With Russian troops massed on the border with Ukraine and three separatists killed overnight in eastern Ukraine, prospects of defusing the crisis at talks in Geneva appeared slim.
WASHINGTON, April 17- The United States will send additional non-lethal military support to Ukraine, U.S.
LONDON, April 17- Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London- based buyout firm Permira in a sale worth about 450 million euros, four sources close to the deal told Reuters.
LONDON, April 17- European equities rose in late trading on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment.
Data compiled by Thomson Reuters shows that accumulation is happening mostly in Mexico, South Korea and Taiwan, which benefit from the U.S. economic recovery. India, Turkey, Brazil and South Africa bore the brunt of last year's emerging markets sell-off.
DUBLIN— Two former executives of Anglo Irish Bank were found guilty Thursday of committing fraud in a loans-for-shares scandal— the first convictions to stem from a banking crisis that brought Ireland to the brink of national bankruptcy.
LONDON— Britain's only Green Party lawmaker has been acquitted of charges stemming from her participation in a protest against shale gas extraction. Caroline Lucas was arrested in August after she and other demonstrators linked arms outside a fracking site near the southern English village of Balcombe.
KIEV, Ukraine— Ukraine is introducing stringent checks for Russian citizens who want to cross the border into Ukraine.
ROME— Italy has again pushed back its balanced-budget goal, now aiming for 2016..
*Sector facing multi-billion-dollar funding shortfall. LONDON, April 17- Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980 s. Avance Gas listed this week in Oslo.
Music buyers still prefer to purchase their tunes in physical format – CDs and even cassettes – rather than download them.
BUENOS AIRES, April 17- Argentine President Cristina Fernandez is reversing some of the populist policies that defined her first six years in power and will have little choice but to stick to the new, more pragmatic path over the remaining 20 months of her final term.
LONDON, April 17- Barclays announced a number of promotions in its investment bank's management on Friday as it continues a review of the division that contributes about half of group profit. Felder, who joined Barclays from now-defunct U.S. investment bank Lehman Brothers in 2008, was previously co-head of securities.
*Putin denounces Kiev's use of military in east Ukraine. The former KGB spy's rhetoric on the United States was, as is customary for him, firm and uncompromising, but he also gave off clear signals that he did not want to get into a spiralling war of words with Washington.
JOHANNESBURG, April 17- Africa's demand for bandwidth is doubling every year, outpacing the laying of terrestrial telecom fibre links and encouraging commercial satellite operators to launch more units into orbit.