There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.» Read More
ROME, Nov 25- Italian Prime Minister Enrico Letta's coalition government said on Monday it would call a confidence vote on its 2014 budget, a move that will give the first clear proof of its strength since Silvio Berlusconi's party split this month.
*Rio CEO hopes Guinea assembly to agree deal by early 2014. ABU DHABI, Nov 24- Rio Tinto expects to agree a settlement with Guinea on the southern part of the Simandou iron ore deposit by the end of this year or early in 2014, its chief executive told Reuters on Sunday.
The bill raised hopes Pena Nieto was serious about breaking the hold a select few have on much of the economy, but a pile-up of pending bills in Congress has made the Dec. 9 deadline for the secondary telecoms legislation increasingly unlikely.
The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.
LONDON, Nov 22- Investors are going to have to work far harder in 2014 to replicate this year's bumper gains by turning over more trades or pushing out into riskier investments. I think 2014 is going to be tricky, to capture value you're just going to have to be tactical, "said Chris Goekjian, chief investment officer of hedge fund Cheyne Capital.
RIO DE JANEIRO, Nov 21- A Brazilian judge on Thursday accepted a request for bankruptcy protection from former billionaire Eike Batista's oil company, OGX, but denied the same protection for two small foreign subsidiaries in a potential setback for the company.
RIO DE JANEIRO, Nov 21 (Reuters)- A Brazilian judge on Thursday denied bankruptcy protection for the foreign subsidiaries of OGX in a decision that may complicate the recovery of the oil company, which is controlled by former billionaire Eike Batista.
NEW YORK, Nov 21- U.S. retailer Sears Holdings Corp, which has been struggling to generate cash from its operations, sees room to close more stores next year, Chief Executive Edward Lampert said on Thursday.
NEW YORK, Nov 21- Many prominent managers at the Reuters 2014 Global Investment Outlook Summit believe the record-setting run-up in U.S. stocks is due for a reckoning but acknowledge that ample liquidity could push equities higher regardless of fears.
RIO DE JANEIRO, Nov 21- A Brazilian judge accepted a request for bankruptcy protection by former billionaire Eike Batista's oil company, OGX Petróleo e Gas Participações SA, but denied the same protection for its foreign subsidiaries, a company lawyer told Reuters on Thursday.
*Guinea to hold Abu Dhabi investor meeting Nov. 24-25. Guinea's President Alpha Conde will woo investors at a two-day conference in Abu Dhabi starting on Sunday, hoping to build on a legislative election in September that marked the return to democracy after a 2008 coup.
Nov 21- Activist investor Carl Icahn disclosed a 12.63 percent stake in medical device maker Hologic Inc, prompting the company to adopt a shareholder rights plan to protect itself from hostile takeovers. Shares of Hologic, which makes screening tests for cancer and other diseases, rose 3 percent in late morning trading.
LONDON, Nov 21- Mining in space is moving from science fiction to commercial reality but metals magnates on this planet need not fear a mountain of extraterrestrial supply- the aim is to fuel human voyages deeper into the galaxy.
MINSK/ MOSCOW, Nov 21- Russia's Prosecutor General said on Thursday that Belarus has agreed to extradite the chief executive of potash producer Uralkali who was arrested in August over the collapse of a sales cartel. He had been charged in Belarus with abuse of power and embezzlement and held under house arrest in Minsk.
Nov 20- The liquefied gas carrier Navigator Holdings Ltd, controlled by billionaire investor Wilbur Ross, raised $228 million after its initial public offering was priced at $19 per share, the higher end of its expected range. The company's net income for the nine months ended Sept. 30, 2012, rose 39 percent to $30.1 million, from $21.7 million a year earlier.
MEXICO CITY, Nov 20- The chief executive of Mexico's state-run oil monopoly Pemex on Wednesday criticized the compensation paid to the chairman of Spain's Repsol as excessive, amid a tussle over the handling of a dispute involving Argentina.
London's Mayor Boris Johnson says rather than attacking the rich for their wealth, the public should be thanking them for their taxes and spending.
FRANKFURT, Nov 20- Printing money is not the way out of the euro zone crisis, European Central Bank policymaker Jens Weidmann said, resisting the possibility raised by others at the ECB of buying assets to aid a weak recovery.
PARIS, Nov 20- European stocks slipped on Wednesday, losing ground for the second session, as nagging worries over the global economic outlook and corporate profits kept investors on edge.
PARIS, Nov 20- European stocks were steady in early trade on Wednesday, following sharp losses in the previous session, as nagging worries over the global economic outlook and corporate profits kept investors on edge.