BRASILIA, Dec 8- Brazil's state-run Petroleo Brasileiro SA could raise fuel prices next year using its new pricing formula, Chief Executive Maria das Graças Foster told a local newspaper in an interview published on Sunday.» Read More
By Axel Bugge and Andrei Khalip. But restaurants and shops opened as hard-up Portuguese who could not afford to miss a day at work opted to go by car, clogging many entry points to Lisbon with traffic jams.
ZURICH, June 27- HSBC's private bank in Switzerland is "dramatically" cutting its north Africa and Israel teams after a former employee was convicted of laundering money for Moroccan drug dealers, it said. Sources close to the bank said the Mediterranean and Israel business, known as Medis, had managed up to $8 billion and had between 12 and 15 staff.
DUBLIN, June 27- Executives at Anglo Irish Bank talked about going in "with arms swinging" to demand "moolah" from Ireland's central bank to keep the lender afloat, according to taped telephone conversations.
BRUSSELS, June 27- European officials struck two significant deals on banking resolution and their long-term budget in last-ditch negotiations early on Thursday, giving EU leaders a much needed lift before a summit on youth unemployment and growth.
TORONTO, June 27- Rona Inc, Canada's top home-improvement retailer and distributor, will close stores, cut jobs and reduce costs in the second phase of a restructuring plan designed to return it to profitability, the company said on Thursday. Rona hopes the new strategy will help it counter the threat from U.S. competitors Home Depot Inc and Lowe's Cos Inc.
TORONTO, June 27- TD Bank Group said on Thursday it has agreed to become the primary credit card issuer for Aeroplan, a loyalty program owned by Aimia, which could end rival CIBC's long-standing partnership with Aimia. Aimia said in a statement that the deal with TD would bring improved growth and strong free cash flow generation over the longer term.
NEW YORK, June 27- U.S. Treasuries prices extended price gains on Thursday and yields fell to session lows, after data showed that U.S. jobless claims fell in the latest week and consumer spending rose in May. Benchmark 10- year notes were last up 12/ 32 in price to yield 2.49 percent, down from 2.54 percent late on Wednesday.
*Q4 profit 60 cents/ share vs Wall Street view 59 cents. June 27- ConAgra Foods Inc on Thursday reported a quarterly profit slightly ahead of Wall Street estimates and raised its long-term outlook, citing increased cost-savings from its acquisition of Ralcorp Holdings.
*Combining Peugeot and Opel would hit political opposition. LONDON/ PARIS, June 27- PSA Peugeot Citroen's founding family has offered to give up control of the troubled French automaker as it tries to revive plans for a closer tie-up with General Motors backed by a fresh capital injection, sources said.
YANGON, June 27- Norway's Telenor and Qatar's Ooredoo won licences on Thursday to provide telecommunications services in Myanmar, bringing foreign companies into the sector for the first time.
WASHINGTON, June 27- U.S. consumer spending rebounded and incomes recorded their largest increase in three months in May, adding to data that have suggested the economy has shifted to firmer ground. The Commerce Department said on Thursday consumer spending increased 0.3 percent last month after a revised 0.3 percent drop in April.
WASHINGTON, June 27- The number of Americans filing new claims for unemployment benefits fell slightly last week in line with the recent moderate pace of jobs growth. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday.
NEW YORK, June 27- U.S. stock index futures rose on Thursday, indicating the S&P 500 may climb for a third consecutive day, ahead of data on the labor market and consumer spending. Data expected at 8:30 a.m. EDT includes weekly initial jobless claims, and personal income and spending for May.
JAKARTA, June 27- Indonesian investigators are building criminal cases against eight Southeast Asian companies they suspect of being responsible for raging fires that have blanketed neighbouring Singapore and Malaysia with hazardous smog.
Hans Hoogervorst, chairman of the International Accounting Standards Board, said book-keeping rules will be changed to cut swathes through irrelevant sections of ballooning annual statements. The 2012 annual report of HSBC runs to 546 pages, pipping RBS at 543 pages, with Barclays at a more modest 226 pages.
June 27- ConAgra Foods Inc reported a quarterly profit on Thursday, reversing a year-ago loss, helped by its acquisition of Ralcorp Holdings.
LONDON, June 27- The dollar rose against the yen on Thursday before U.S. weekly jobless claims data that could push it broadly higher if it comes in above forecasts. The dollar was up 0.4 percent at 98.10 yen, edging towards Monday's peak of 98.72 yen.
VEVEY, Switzerland, June 27- Nestle, the world's biggest food company and a major employer in Europe, plans to recruit 20,000 young people as the continent grapples with a youth unemployment crisis that is sapping consumer confidence.
DUBLIN, June 27- Ireland's economy slipped into recession with 2012 growth revised sharply lower, indicating the bailed-out euro member's recovery from financial crisis will be much slower than previously thought.
NEW YORK, June 27- U.S. stock index futures rose on Thursday, indicating the S&P 500 may climb for a third consecutive day, ahead of data on the labor market and consumer spending. *Data expected at 8:30 a.m. EDT includes weekly initial jobless claims, and personal income and spending for May.