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  • LONDON, June 11- WS Atkins, the British engineering consultancy designing the Riyadh Metro, posted a 15 percent rise in full-year profit, beating analysts' expectations, and said its outlook remained positive. Chief Executive Uwe Krueger said the company's focus on technology and innovation was helping it win new contracts in areas such as rail and nuclear...

  • LONDON, June 11- British engineering and design consultancy WS Atkins posted a 15 percent rise in full-year profit, just ahead of analyst expectations, and said its outlook remained positive. The company, which operates in markets including Britain, North America and the Middle East, reported underlying pretax profit of 121.9 million pounds, up from 106.4...

  • LONDON, June 10- HSBC's investment bank could shed more than a fifth of its clients and plans to reduce its credit and interest rates businesses by $100 billion over the next two years in its bid to improve profitability. Under a strategic shift announced on Tuesday, HSBC said it will reduce the assets at its investment bank by a third, or $140 billion, which will...

  • *Greece debt standoff on back burner for now for traders. NEW YORK, June 10- A selloff of German Bunds and this week's hefty corporate and government debt supply propelled longer-dated U.S. "We are completely tracking Bund yields," said Mike Cullinane, head of Treasuries trading at D.A.

  • MADRID, June 10- Spain's Inditex, owner of clothing retailer Zara, reported better than expected quarterly profit on Wednesday, as its global fast-fashion business model allowed it to keep pace with local economic and fashion trends. Consumer confidence in Europe contributed, but so did a weak euro and its own weak performance in Q1 of 2014..

  • China's big biotech bet starting to pay off Tuesday, 9 Jun 2015 | 5:00 PM ET

    SHANGHAI/ LONDON, June 10- Years of pouring money into its laboratories, wooing scientists home from overseas and urging researchers to publish and patent is starting to give China a competitive edge in biotechnology, a strategic field it sees as ripe for "indigenous innovation." The vast resources China can throw at research and development- overall funding...

  • *Concerns over Greece debt deal limit market selloff. NEW YORK, June 9- U.S. "The theme du jour is supply, which is expected to accelerate this week," said Ed Atkins, Treasury strategist at RBS Securities in Stamford, Connecticut.

  • LONDON, June 9- A senior Barclays executive told a British bank industry lobby overseeing Libor benchmark interest rates to start "bilateral conversations" with banks in 2008 to ensure rates reflected market reality, a London court heard on Tuesday. But John Ewan, the former director of the BBA with Libor oversight, told Barclays' former head of group balance...

  • *Concerns over Greece debt deal limits market selloff. "The theme du jour is supply which is expected to accelerate this week," said Ed Atkins, Treasury strategist at RBS Securities in Stamford, Connecticut. On Tuesday, Athens submitted a new reform proposal, which three European Union officials told Reuters was insufficient for Greece to obtain more cash.

  • LONDON, June 9- The British Bankers' Association was probably not the best organisation to oversee the Libor interest rate benchmark, the banking industry trade group's former head of Libor said at a London trial on Tuesday. Ewan was in court as a witness for the prosecution in the trial of Tom Hayes, a former yen derivatives trader at UBS and Citigroup, who is...

  • Why mergers might not signal optimism Tuesday, 9 Jun 2015 | 3:46 AM ET
    Handshake M&A mergers

    In contrast to previous merger booms, this recent spate of deals shouldn't necessarily be considered a barometer of a healthy economy.

  • HONG KONG/ SEOUL, June 9- British retailer Tesco Plc has invited at least six firms including KKR& Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about $6 billion, people familiar with the matter told Reuters. If sold to private equity for $6 billion- which the sources say represents the equity value of Homeplus- the sale would be Asia's...

  • *Greece worries rekindle safety bid for U.S. bonds. Treasuries yields fell on Monday with benchmark yields retreating from seven-month highs as concerns about Greece and its ability to avert default renewed safe-haven investor demand for lower-risk government debt. Greece delayed a 300 million euro payment to the International Monetary Fund last week and...

  • *Greece worries rekindle safety bids for U.S. bonds. Treasuries yields fell on Monday with benchmark yields retreating from seven-month highs as concerns about Greece and its ability to avert default renewed safehaven demand for low-risk government debt. Greece delayed a 300 million euro payment to the International Monetary Fund last week and rattled...

  • ISTANBUL, June 7- The Turkish lira hit a record low in weekend-thinned trade on Sunday, after the governing AK Party failed to win an outright majority in a parliamentary election, unsettling investors with the prospect of a minority or coalition government. "The loss of the AKP's 13- year-long single-party parliamentary majority in today's Turkish election...

  • ISTANBUL, June 7- The Turkish lira hit a record low in weekend-thinned trade on Sunday, after the governing AK Party failed to win an outright majority in a parliamentary election, raising the prospect of a minority or coalition government. By 1910 GMT it was at 2.75 to the dollar, still considerably weaker than Friday's close of 2.6615. It has now been taken to a...

  • *British Bankers' Association emails shown in court. LONDON, June 5- Bank of England officials and a trade organisation in charge of benchmark interest rates were concerned about the integrity of the rate setting system as far back as 2007, according to evidence disclosed on Friday at the trial of a former trader accused of rate rigging. Interest rates known as...

  • LONDON, June 5- Evidence disclosed on Friday at the trial of a former trader accused of rigging Libor interest rates showed the trade body in charge of the benchmark rates and Bank of England officials were concerned about the integrity of the system as far back as 2007.. Then overseen by the British Bankers' Association, Libor rates are under scrutiny at the trial...

  • LONDON, June 5- It isn't supposed to be like this. "We should get used to periods of higher volatility," Draghi said following the European Central Bank's latest policy meeting. Although there is little doubt they will get their nominal cash investment back from triple-A-rated Germany, they won't have bargained for this kind of volatility.

  • Newmont Mining is a prime example of how companies are responding to bleak industry conditions by building mines on a smaller scale than in the past, with the price of gold down almost 40 percent from its peak in 2011 and banks avoiding the sector. "If there's going to be something go wrong, you'd rather it go wrong after you've spent $1 billion than $3 billion or $4...