Wires

  • LONDON, Sept 28- Sterling dipped back below $1.30 on Wednesday after a Bank of England policymaker said she expected the central bank would "at some point" need to add more monetary stimulus to Britain's economy to cushion the blow dealt by Brexit. And they also struck a less upbeat tone than Governor Mark Carney, who said in a newspaper interview on Wednesday that...

  • ALGIERS, Algeria— Prospects are dim for a deal among OPEC countries on Wednesday to freeze production and support oil prices, amid disagreements between rivals Saudi Arabia and Iran. On Tuesday, Iranian Petroleum Minister Bijan Namdar Zanganeh played down the OPEC gathering, calling it "just a consultation meeting... Saudi Arabia, the world's biggest oil...

  • LONDON, Sept 28- Investors following the stock market maxim "Sell in May and go away" will be ruing that decision this year, after emerging market, Japanese and euro zone equities emerged as the biggest winners in the third quarter. U.S. equities did less well but were still firmly into gains. There are signs that the coming quarters may not be as robust, but for the third,...

  • MOSCOW, Sept 28- The Russian government is looking for ways to cut costs and raise additional funds to plug holes in the state budget caused by weak oil prices. Russia has put stakes in several big state firms on the block, including in diamond producer Alrosa, VTB Bank, top oil producer Rosneft, mid-size oil firm Bashneft and shipping company Sovcomflot, hoping to...

  • GERMAN FINANCIAL REGULATOR BAFIN NOT WORKING ON A RESCUE PLAN FOR DEUTSCHE BANK- SOURCES.

  • LONDON, Sept 28- Emerging equities edged off one-week lows on Wednesday, tracking a bounce in developed markets, but emerging currencies remained under pressure with the rouble slipping ahead of oil producer talks as hopes faded for a deal to curb output. The bank has been hit by a $14 billion fine over claims that it mis-sold mortgage-backed securities and, like...

  • LONDON, Sept 28- Novozymes, already grappling with the consequences of low oil and crop prices, is watching anxiously to see what Bayer's purchase of Monsanto will mean for the Danish group's ties with its key agricultural partner. "Of course, in the short-term we can all worry about the distraction that a $66 billion acquisition can bring and it is one of the things...

  • *Stocks rebound but for Slovenia which hiked corporate tax. BUDAPEST/ BUCHAREST, Sept 28- Slovenian stocks bucked a rebound of Central European equities on Wednesday after parliament approved tax changes late on Tuesday which companies said would boost their costs. Poland's bluechip index rose 0.2 percent as Pekao bank and copper maker KGHM shares rebounded.

  • LONDON, Sept 28- Bank of England Deputy Governor Minouche Shafik said the chances of a further interest rate cut by the British central bank this year would hinge on the strength of incoming economic data. Shafik said in a speech on Wednesday that a further loosening in monetary policy would probably be needed "at some point" but did not repeat language the central...

  • FRANKFURT, Sept 28- The German government and financial authorities are preparing a rescue plan for Deutsche Bank in case the lender would be unable to raise capital itself to pay for costly litigation, German weekly Die Zeit reported. A Deutsche Bank spokesman referred to an interview Chief Executive John Cryan gave German daily Bild on Wednesday and denied...

  • PHOENIX CEO-TAKEN OUT AN INDEMNIFICATION TO ENSURE SHAREHOLDERS ARE PROTECTED AGAINST ANY FINANCIAL DOWNSIDES OF FCA PROBE INTO ABBEY LIFE.

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • NEW YORK, Sept 28- Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration said. The settlement on Tuesday resolves lawsuits filed in federal courts in California and Kansas in the NCUA's role as the liquidating agent...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • BEIJING, Sept 28- The deputy general manager of Hebei Iron and Steel, China's largest steel company by output, is being investigated by the ruling Communist Party for suspected corruption, the party's anti-graft watchdog said on Wednesday. Wang Hongren is suspected of "serious discipline breaches," the Central Commission for Discipline Inspection said in a...

  • The lender's comment came in response to a Wall Street Journal report that the U.S. Department of Justice is investigating whether Standard Chartered failed to stop possible bribery and other misconduct at MAXpower Group Pte Ltd, which builds and operates gas-fired power plants in Southeast Asia. The allegations compound the legal woes of the bank, which is...

  • Most expect Brexit to be disruptive, and to raise costs for companies, but the hard talk negotiations between Britain and the EU on the crucial issues of tariffs and the free movement of labor are still months away and will possibly take years to resolve. That means years of uncertainty over the cost of building cars in Britain and the ease of exporting them to...

  • BEIJING— Global stock markets were mixed Wednesday after Wall Street gained and investors were reassured by trade-friendly Hillary Clinton's performance in a U.S. presidential debate against Donald Trump. London's FTSE 100 gained 0.9 percent to 6,873.44. On Tuesday, the DAX lost 0.3 percent and the CAC-40 and FTSE 100 both declined 0.2 percent.